-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KJS/JlLhj/wjwuaTLQWQvcgFZ3+OxVG3Ugx2k7cFMYmPxzlPEwT29TE2LjsQJW8W NzRjd7PCGvL/bLXauH5uAQ== 0000950164-98-000005.txt : 19980109 0000950164-98-000005.hdr.sgml : 19980109 ACCESSION NUMBER: 0000950164-98-000005 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980108 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRAHAM FIELD HEALTH PRODUCTS INC CENTRAL INDEX KEY: 0000709136 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MEDICAL, DENTAL & HOSPITAL EQUIPMENT & SUPPLIES [5047] IRS NUMBER: 112578230 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-34900 FILM NUMBER: 98502569 BUSINESS ADDRESS: STREET 1: 400 RABRO DR E CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 5165825800 MAIL ADDRESS: STREET 1: 400 RABNO DRIVE EAST CITY: HAUPPAUGE STATE: NY ZIP: 11788 FORMER COMPANY: FORMER CONFORMED NAME: PATIENT TECHNOLOGY INC DATE OF NAME CHANGE: 19880811 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FUQUA J REX CENTRAL INDEX KEY: 0000948513 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 252747209 STATE OF INCORPORATION: GA FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1201 W. PEACHTREE ST NW STREET 2: SUITE 5000 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: 4048152000 MAIL ADDRESS: STREET 1: 1201 W. PEACHTREE ST. NW STREET 2: SUITE 5000 CITY: ATLANTA STATE: GA ZIP: 30309 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 GRAHAM-FIELD HEALTH PRODUCTS, INC. ----------------------------------- (Name of Issuer) Common Stock, par value $0.025 per share --------------------------------------- (Title of Class of Securities) 384632-10-0 ----------- (CUSIP Number) J. Rex Fuqua One Atlantic Center 1201 West Peachtree Street Suite 5000 Atlanta, Georgia 30309 Telephone: (404) 815-2000 - -------------------------------------------------------------------------------- (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) December 30, 1997 ------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with this statement [ ]. - ------------------------------ CUSIP NO. 384632-10-0 - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person J. B. Fuqua - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) X ----- (b) ----- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO - -------------------------------------------------------------------------------- 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ----- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 1,457,225 Beneficially -------------------------- Owned by 8. Shared Voting Power Each Reporting 914,965 Person With -------------------------- 9. Sole Dispositive Power 1,457,225 -------------------------- 10. Shared Dispositive Power 914,965 -------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person J. B. Fuqua may be deemed to own beneficially (through the power to direct the vote and disposition thereof) 2,372,190 shares of the Common Stock (781,687 shares individually, 337,770 shares as trustee for The Jennifer Calhoun Fuqua Trust, 337,768 shares as trustee for The Lauren Brooks Fuqua Trust, 146,365 shares as an officer and director of The J. B. Fuqua Foundation, Inc., and 768,600 shares as an officer and director of Fuqua Holdings, Inc.). - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 7.8% - -------------------------------------------------------------------------------- 14. Type of Reporting Person IN - -------------------------------------------------------------------------------- -2- - ---------------------------------- CUSIP NO. 384632-10-0 - ---------------------------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person J. Rex Fuqua - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) X ----- (b) ----- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO - -------------------------------------------------------------------------------- 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ----- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 651,298 Beneficially -------------------------- Owned by 8. Shared Voting Power Each Reporting 914,965 Person With -------------------------- 9. Sole Dispositive Power 651,298 -------------------------- 10. Shared Dispositive Power 914,965 -------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person J. Rex Fuqua may be deemed to own beneficially (through the power to direct the vote and disposition thereof) 1,566,263 shares of the Common Stock (651,298 shares individually, 146,365 shares as an officer and director of The J. B. Fuqua Foundation, Inc. and 768,600 shares as an officer and director of Fuqua Holdings, Inc.). - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 5.1% - -------------------------------------------------------------------------------- 14. Type of Reporting Person IN - -------------------------------------------------------------------------------- -3- - ---------------------------------- CUSIP NO. 384632-10-0 - ---------------------------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Fuqua Holdings, Inc. IRS I.D. No. 58-2185727 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) X ----- (b) ----- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO - -------------------------------------------------------------------------------- 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ----- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 768,600 Beneficially -------------------------- Owned by 8. Shared Voting Power Each Reporting 0 Person With -------------------------- 9. Sole Dispositive Power 768,600 -------------------------- 10. Shared Dispositive Power 0 -------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person Fuqua Holdings, Inc., the general partner of Fuqua Holdings-I, L.P., may be deemed to own beneficially (through the power of its sole directors and shareholders, J. B. Fuqua and J. Rex Fuqua, to direct the vote and disposition thereof) 768,600 shares of the Common Stock. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 2.5% - -------------------------------------------------------------------------------- 14. Type of Reporting Person CO - -------------------------------------------------------------------------------- -4- - ---------------------------------- CUSIP NO. 384632-10-0 - ---------------------------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Fuqua Holdings-I, L.P. IRS I.D. No. 58-2185724 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) X ----- (b) ----- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO - -------------------------------------------------------------------------------- 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ----- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 768,600 Beneficially -------------------------- Owned by 8. Shared Voting Power Each Reporting 0 Person With -------------------------- 9. Sole Dispositive Power 768,600 -------------------------- 10. Shared Dispositive Power 0 -------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person Fuqua Holdings-I, L.P. may be deemed to own beneficially (through the power of J. B. Fuqua and J. Rex Fuqua as the sole directors and shareholders of Fuqua Holdings, Inc., the general partner of Fuqua Holdings-I, L.P., to direct the vote and disposition thereof) 768,600 shares of the Common Stock. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 2.5% - -------------------------------------------------------------------------------- 14. Type of Reporting Person PN - -------------------------------------------------------------------------------- -5- - ---------------------------------- CUSIP NO. 384632-10-0 - ---------------------------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Jennifer Calhoun Fuqua Trust IRS I.D. No. 58-6163768 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) X ----- (b) ----- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO - -------------------------------------------------------------------------------- 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ----- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 337,770 Beneficially -------------------------- Owned by 8. Shared Voting Power Each Reporting 0 Person With -------------------------- 9. Sole Dispositive Power 337,770 -------------------------- 10. Shared Dispositive Power 0 -------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person The Jennifer Calhoun Fuqua Trust may be deemed to own beneficially (through the power of its sole trustee, J. B. Fuqua, to direct the vote and disposition thereof) 337,770 shares of the Common Stock. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 1.1% - -------------------------------------------------------------------------------- 14. Type of Reporting Person OO - -------------------------------------------------------------------------------- -6- - ----------------------------------- CUSIP NO. 384632-10-0 - ----------------------------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Lauren Brooks Fuqua Trust IRS I.D. No. 58-6163767 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) X ----- (b) ----- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO - -------------------------------------------------------------------------------- 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ----- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 337,768 Beneficially -------------------------- Owned by 8. Shared Voting Power Each Reporting 0 Person With -------------------------- 9. Sole Dispositive Power 337,768 -------------------------- 10. Shared Dispositive Power 0 -------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person The Lauren Brooks Fuqua Trust may be deemed to own beneficially (through the power of its sole trustee, J. B. Fuqua, to direct the vote and disposition thereof) 337,768 shares of the Common Stock. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 1.1% - -------------------------------------------------------------------------------- 14. Type of Reporting Person OO - -------------------------------------------------------------------------------- -7- - ---------------------------------- CUSIP NO. 384632-10-0 - ---------------------------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The J. B. Fuqua Foundation, Inc. IRS I.D. No. 23-7122039 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) X ----- (b) ----- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO - -------------------------------------------------------------------------------- 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ----- - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Georgia - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 146,365 -------------------------- Beneficially 8. Shared Voting Power Owned by 0 -------------------------- Each Reporting 9. Sole Dispositive Power Person With 146,365 -------------------------- 10. Shared Dispositive Power 0 -------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person The J. B. Fuqua Foundation, Inc. may be deemed to own beneficially (through the power of its directors and officers to direct the vote thereof) 146,365 shares of the Common Stock. - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ----- - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Approximately 0.5% - -------------------------------------------------------------------------------- 14. Type of Reporting Person CO - -------------------------------------------------------------------------------- -8- INTRODUCTION On December 30, 1997, the parties to that certain Agreement and Plan of Merger dated as of September 5, 1997, as amended as of September 29, 1997 (the "Merger Agreement"), by and among Graham-Field Health Products, Inc., a Delaware corporation (the "Company"), Fuqua Enterprises, Inc., a Delaware corporation ("Fuqua"), and GFHP Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of the Company ("Sub"), caused the consummation of the Merger Agreement, pursuant to which Sub was merged with and into Fuqua, with Fuqua continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company (the "Merger"). In the Merger, each share of Fuqua's common stock, par value $2.50 per share (the "Fuqua Common Stock"), other than shares of Fuqua Common Stock canceled pursuant to the Merger Agreement, were converted into the right to receive 2.1 shares of Common Stock of the Company. On December 30, 1997, as a result of the consummation of the Merger Agreement, the Reporting Persons (as defined below) received the Common Stock of the Company which is the subject of this Schedule 13D. ITEM 1. SECURITY AND ISSUER The class of equity securities to which this statement relates is the common stock, $.025 par value (the "Common Stock"), of Graham-Field Health Products, Inc., a Delaware corporation, 400 Rabro Drive East, Hauppauge, New York 11788. ITEM 2. IDENTITY AND BACKGROUND This statement is being filed by J. B. Fuqua, J. Rex Fuqua, Fuqua Holdings, Inc., Fuqua Holdings-I, L.P., The Jennifer Calhoun Fuqua Trust, The Lauren Brooks Fuqua Trust, and The J. B. Fuqua Foundation, Inc. (collectively, the "Reporting Persons"). I. (a) J. B. Fuqua(1)(2)(3) (b) J. B. Fuqua's business address is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (c) J. B. Fuqua is an officer and director of Fuqua Holdings, Inc., the address of which is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (f) J. B. Fuqua is a citizen of the United States. II. (a) J. Rex Fuqua(1)(3) (b) J. Rex Fuqua's business address is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (c) J. Rex Fuqua is President and Chief Executive Officer of Fuqua Capital Corp., an investment company, the address of which is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (f) J. Rex Fuqua is a citizen of the United States. III. (a) Fuqua Holdings, Inc. (b) The address of the principal office and of the principal business of Fuqua Holdings, Inc. is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (c) The principal business of Fuqua Holdings, Inc. is to serve as the general partner of Fuqua Holdings - I, L.P., the address of which is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (f) Fuqua Holdings, Inc. is organized under the laws of the State of Georgia. IV. (a) Fuqua Holdings-I, L.P. (b) The address of the principal office and of the principal business of Fuqua Holdings - I, L.P. is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (c) The principal business of Fuqua Holdings - I, L.P. is to acquire and hold for investment intangible assets; and generally to engage in any and all lawful business activities that its general partner may from time to time determine. (f) Fuqua Holdings - I, L.P. is organized under the laws of the State of Georgia. V. (a) The Jennifer Calhoun Fuqua Trust (the "JCF Trust") (b) The principal office of the JCF Trust is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (c) Not applicable. (f) The JCF Trust is organized under the laws of the State of Georgia. VI. (a) The Lauren Brooks Fuqua Trust (the "LBF Trust") (b) The principal office of the LBF Trust is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (c) Not applicable. (f) The LBF Trust is organized under the laws of the State of Georgia. VII. (a) The J. B. Fuqua Foundation, Inc. (the "Foundation") (b) The address of the principal office and of the principal business of the Foundation is One Atlantic Center, 1201 West Peachtree Street, Suite 5000, Atlanta, Georgia 30309. (c) The principal business of the Foundation is to conduct charitable activities in accordance with its charter. (f) The Foundation is organized under the laws of the State of Georgia. - ---------------------- (1) An officer and director of the Foundation. (2) Sole trustee of the JCF Trust and the LBF Trust. (3) An officer and director of Fuqua Holdings, Inc. (d)-(e) During the last five years none of the Reporting Persons has been (i) convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION On December 30, 1997, pursuant to the Merger Agreement, Sub was merged with and into Fuqua, with Fuqua continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company. In the Merger, each share of Fuqua Common Stock, other than shares of Fuqua Common Stock canceled pursuant to the Merger Agreement, were converted into the right to receive 2.1 shares of Common Stock of the Company. The Reporting Persons, as stockholders of Fuqua, received shares of Common Stock of the Company in accordance with the terms of the Merger Agreement. The foregoing response to this Item 3 is qualified in its entirety by reference to the Merger Agreement, the full text of which was filed as an exhibit to the Company's Form S-4 (File No. 333-43189), as filed with the Securities and Exchange Commission on December 19, 1997. ITEM 4. PURPOSE OF TRANSACTION On December 30, 1997, Sub merged with and into Fuqua pursuant to the Merger Agreement, with Fuqua continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company. The Reporting Persons, as stockholders of Fuqua, received shares of Common Stock of the Company in accordance with the terms of the Merger Agreement. (a) The Reporting Persons have acquired beneficial ownership of 3,023,488 shares of Common Stock as a result of the consummation of the Merger described in Item 3 above. (b) None. (c) None. (d) Pursuant to the terms of that certain Stockholders Agreement, dated as of September 5, 1997 (the "Stockholders Agreement"), among BIL (Far East Holdings) Limited, and BIL Securities (Offshore) Ltd. (together "BIL"), Irwin Selinger, and J. B. Fuqua, J. Rex Fuqua, Fuqua Holdings-I, L.P., The Jennifer Calhoun Fuqua Trust, The Lauren Brooks Fuqua Trust and The J. B. Fuqua Foundation, Inc. (collectively, the "Fuqua Stockholders"), so long as the Fuqua Stockholders beneficially own 5% or more of the voting power of the outstanding capital stock of the Company, the Fuqua Stockholders will have the right to designate one member of the Board of Directors of the Company. In accordance with the Stockholders Agreement, J. Rex Fuqua has been designated, but not yet elected, to serve as a member of the Company's Board of Directors. (e) None. (f) None. (g) The Fuqua Stockholders have agreed in the Stockholders Agreement, for so long as the Fuqua Stockholders own securities representing at least 5% of the voting power of the outstanding capital stock of the Company, not to acquire additional shares of Common Stock, to seek to acquire ownership of the Company, to engage in any solicitation of proxies with respect to the Company, or otherwise to seek or propose to acquire control of the Company's Board of Directors. (h) None. (i) None. (j) None. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a)-(b) The Reporting Persons collectively own 3,023,488 shares of Common Stock, which amounts to approximately 9.9% of the total number of shares of Common Stock which Company has issued and are outstanding as of December 31, 1997 (30,551,944 shares). (c) Except as described in this filing, none of the Reporting Persons listed in Item 2 above has effected any transaction in the Common Stock during the past sixty days. (d) Except for certain rights of the limited partners of Fuqua Holdings-I, L.P. (each of whom is identified in Exhibit 3 hereto), in the event of liquidation of Fuqua Holdings-I, L.P., no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. THE MERGER AGREEMENT Pursuant to the Merger Agreement, Sub was merged with and into Fuqua on December 30, 1997, with Fuqua continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company. In the Merger, each share of Fuqua Common Stock, other than shares of Fuqua Common Stock canceled pursuant to the Merger Agreement, were converted into the right to receive 2.1 shares of Common Stock, par value $.025 per share, of the Company. To induce the Fuqua Stockholders and Sub to enter into the Merger Agreement, the Fuqua Stockholders and the Company entered into (i) the Stockholders Agreement and (ii) a Registration Rights Agreement (the "Registration Rights Agreement"), dated as of September 5, 1997, by and among the Fuqua Stockholders and the Company. STOCKHOLDERS AGREEMENT Pursuant to the Stockholders Agreement, among other things, the Fuqua Stockholders agreed to vote or to execute written consents with respect to all of their shares of Fuqua Common Stock in favor of the adoption of the Merger Agreement and in favor of the Merger, and not to dispose of their shares of Fuqua Common Stock. Similarly, BIL and Irwin Selinger agreed to vote their shares of the Common Stock of the Company in favor of a share issuance proposal relating to the Merger. In addition, the Fuqua Stockholders agreed not to initiate, solicit or encourage, directly or indirectly, any inquiries with respect to any alternative business combination transaction relating to Fuqua or engage in any negotiations concerning any such transaction and to promptly notify the Company of any inquiries or proposed negotiations with respect to any such proposed transaction. Pursuant to the Stockholders Agreement, the Fuqua Stockholders have the right to designate one member of the Company's Board of Directors following the Merger, and have agreed to vote their shares of the Common Stock of the Company in certain situations in accordance with the recommendation of the Company's Board of Directors, so long as the Fuqua Stockholders beneficially own 5% or more of the voting power of the outstanding capital stock of the Company. The Fuqua Stockholders have also agreed, so long as they beneficially own 5% or more of the voting power of the outstanding capital stock of the Company, to certain transfer restrictions on their shares of the Common Stock of the Company and not to seek to acquire additional ownership of the Company or control of the Company's Board of Directors. The Stockholders Agreement will automatically terminate upon a termination of the Merger Agreement in accordance with its terms, upon a change of control of the Company's Board of Directors or if the Fuqua Stockholders beneficially own less than 5% of the voting power of the outstanding capital stock of the Company. REGISTRATION RIGHTS AGREEMENT The Registration Rights Agreement contains customary terms and conditions and provides, among other things, that the Fuqua Stockholders and certain of their transferees will have the right to require the Company to register under the Securities and Exchange Act of 1933, as amended (the "Securities Act"), the Common Stock that the Fuqua Stockholders received in the Merger (including any additional shares received by the Fuqua Stockholders as a dividend, stock split or other distribution) in up to three demand registrations and unlimited incidental ("piggyback") registrations. The Registration Rights Agreement shall not apply to the Common Stock once (i) a registration statement with respect to the sale of such Common Stock shall have become effective under the Securities Act and such Common Stock shall have been disposed of in accordance with such registration statement, (ii) the Common Stock shall have been distributed to the public pursuant to Rule 144 promulgated under the Securities Act or all Common Stock then owned by the Fuqua Stockholders can be sold in any three-month period pursuant to Rule 144, (iii) the Common Stock is transferred to or becomes owned by a person other than the Fuqua Stockholders (other than a permitted assignee) or (iv) the Common Stock shall have ceased to be outstanding. The Company will be required to pay all registration expenses incurred by the Fuqua Stockholders in connection with any such registrations, except for underwriting discounts and commissions. The Company also agreed to customary indemnification and contribution protections to selling holders of the Common Stock under the Federal securities laws and otherwise. The Fuqua Stockholders may assign their rights under the Registration Rights Agreement to another Fuqua Stockholder or, if such person is a natural person, to his or her heirs and legal representatives. The Merger Agreement, as amended, has been filed as an Exhibit to the Company's Form S-4 (File No. 333-43189), as filed with the Securities and Exchange Commission on December 19, 1997, and the Stockholders Agreement and the Registration Rights Agreement have each been filed as exhibits to the Company's report on Form 8-K, dated as of September 5, 1997, and are each incorporated herein by reference. The foregoing descriptions of such documents are qualified in their entirety by reference to those documents filed hereto as exhibits. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS (1) Joint Filing Agreement. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 8, 1998 /s/ J. B. Fuqua --------------------------------------------- J. B. FUQUA /s/ J. Rex Fuqua --------------------------------------------- J. REX FUQUA FUQUA HOLDINGS, INC. By: /s/ J. Rex Fuqua ------------------------------------- Name: J. Rex Fuqua ------------------------------------- Title: President ------------------------------------- FUQUA HOLDINGS-I, L.P. By: FUQUA HOLDINGS, INC., its General Partner By: /s/ J. Rex Fuqua ------------------------------------- Name: J. Rex Fuqua ------------------------------------- Title: President, Fuqua Holdings, Inc. ------------------------------------- THE JENNIFER CALHOUN FUQUA TRUST By: /s/ J. B. Fuqua ------------------------------------- Name: J. B. Fuqua ------------------------------------- Title: Trustee ------------------------------------- THE LAUREN BROOKS FUQUA TRUST By: /s/ J. B. Fuqua ------------------------------------ Name: J. B. Fuqua ------------------------------------ Title: Trustee ------------------------------------ THE J. B. FUQUA FOUNDATION, INC. By: /s/ J. B. Fuqua ------------------------------------ Name: J. B. Fuqua ------------------------------------ Title: Chairman/President ------------------------------------ EX-1 2 EXHIBIT 1 Exhibit 1 JOINT FILING AGREEMENT This will confirm the agreement by and among all of the undersigned (collectively, the "Fuqua Stockholders") that the Schedule 13D, dated as of January 8, 1998, of the Fuqua Stockholders filed on or about this date with respect to the beneficial ownership by the Fuqua Stockholders of shares of common stock, $.025 par value ("Common Stock"), of Graham-Field Health Products, Inc. is being filed on behalf of each of the Fuqua Stockholders. Furthermore, each of the Fuqua Stockholders does hereby make, constitute and appoint J.B. Fuqua and J. Rex Fuqua, or any of them, as his, her or its true and lawful attorneys-in-fact to execute any and all instruments in his, her or its name that are necessary or advisable to comply with Section 13(d) of the Securities Exchange Act of 1934, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission promulgated pursuant thereto, in connection with his, her or its ownership of Common Stock, and any and all amendments thereto and to file the same with all exhibits thereto and other documents in connection therewith. This Agreement may be executed in one or more counterparts by each of the undersigned, and each of which, taken together, shall constitute but one and the same instrument. Dated: January 8, 1998 /s/ J. B. Fuqua --------------------------------------------- J. B. FUQUA /s/ J. Rex Fuqua --------------------------------------------- J. REX FUQUA FUQUA HOLDINGS, INC. By: /s/ J. Rex Fuqua ------------------------------------- Name: J. Rex Fuqua ------------------------------------- Title: President ------------------------------------- FUQUA HOLDINGS-I, L.P. By: FUQUA HOLDINGS, INC., its General Partner By: /s/ J. Rex Fuqua ------------------------------------- Name: J. Rex Fuqua ------------------------------------- Title: President, Fuqua Holdings, Inc. ------------------------------------- THE JENNIFER CALHOUN FUQUA TRUST By: /s/ J. B. Fuqua ------------------------------------- Name: J. B. Fuqua ------------------------------------- Title: Trustee ------------------------------------- THE LAUREN BROOKS FUQUA TRUST By: /s/ J. B. Fuqua ------------------------------------ Name: J. B. Fuqua ------------------------------------ Title: Trustee ------------------------------------ THE J. B. FUQUA FOUNDATION, INC. By: /s/ J. B. Fuqua ------------------------------------ Name: J. B. Fuqua ------------------------------------ Title: Chairman/President ------------------------------------ -----END PRIVACY-ENHANCED MESSAGE-----