-----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, IpeJ/0Z9hnHQayzhReAaA9CAgFrchGmYw+Y1HgGZre7y3ZN+0ribzE/PFLvKp9IJ cslY0wpmAKydqzYGyZ9YnA== 0000950117-97-001979.txt : 19971124 0000950117-97-001979.hdr.sgml : 19971124 ACCESSION NUMBER: 0000950117-97-001979 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971121 SROS: NASD GROUP MEMBERS: CHARLES ELSENER, SR. GROUP MEMBERS: VICTORINOX A G SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SWISS ARMY BRANDS INC CENTRAL INDEX KEY: 0000731947 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-JEWELRY, WATCHES, PRECIOUS STONES & METALS [5094] IRS NUMBER: 132797726 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-34664 FILM NUMBER: 97725744 BUSINESS ADDRESS: STREET 1: ONE RESEARCH DRIVE CITY: SHELTON STATE: CT ZIP: 06484-6226 BUSINESS PHONE: 2039296391 MAIL ADDRESS: STREET 1: ONE RESEARCH DRIVE CITY: SHELTON STATE: CT ZIP: 06484-6226 FORMER COMPANY: FORMER CONFORMED NAME: FORSCHNER GROUP INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VICTORINOX A G CENTRAL INDEX KEY: 0000943586 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: CH 6438 CITY: IBACHJ SCHWYZ STATE: V8 BUSINESS PHONE: 212-486-1700 MAIL ADDRESS: STREET 1: CH-6438 CITY: IBACH SCHWYZ STATE: V8 SC 13D/A 1 13D,AM#4 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4) SWISS ARMY BRANDS, INC. (Name of Issuer) Common Stock, $.10 Par Value (Title of Class of Securities) 870827102 (CUSIP Number) Herbert M. Friedman, Esq. Zimet, Haines, Friedman & Kaplan 460 Park Avenue New York, New York 10022 (212) 486-1700 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) October 22, 1997 (Dates of Events 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. [ ] Page 1 of 9 Pages. CUSIP No. 870827102 13D Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Victorinox AG - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER ------------------------------------------------------ NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,717,500 OWNED BY ------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH ------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,717,500 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,717,500 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP No. 870827102 13D Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles Elsener, Sr. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A - -------------------------------------------------------------------------------- 5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER ------------------------------------------------------ NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,717,500 OWNED BY ------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH ------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,717,500 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,717,500 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- AMENDMENT NO. 4 TO SCHEDULE 13D Victorinox AG, a Swiss corporation ("Victorinox"), and Charles Elsener, Sr., a citizen of Switzerland ("Mr. Elsener"; and together with Victorinox, the "Reporting Persons"), hereby amend the Statement on Schedule 13D dated April 6, 1995, as amended by Amendment No. 1 dated April 11, 1995 and Amendment No. 2 dated June 26, 1996 and Amendment No. 3 dated November 2, 1996 filed by the Reporting Persons with respect to the Common Stock, par value $.10 per share ("Common Stock"), of Swiss Army Brands, Inc., a Delaware corporation ("Swiss Army"), formerly known as The Forschner Group, Inc. The purpose of this Amendment is to report that Victorinox has purchased a total of 717,500 shares of Swiss Army Common Stock in open market transactions. Each of Victorinox and Mr. Elsener is responsible for the completeness and accuracy of only that information concerning each of Victorinox and Mr. Elsener, respectively, contained herein, or in any subsequent amendment and is not responsible for the completeness or accuracy of any information concerning the other party. Neither Victorinox nor Mr. Elsener knows or has reason to believe that any information concerning the other party contained herein is inaccurate and the execution of any subsequent amendment by each party shall constitute a representation by such party that it neither knows nor has reason - 4 - to believe that any information concerning the other party contained in such amendment is inaccurate at the time of such execution. Item 3. Source and Amount of Funds or Other Consideration. Victorinox purchased an aggregate of 717,500 shares of Common Stock of Swiss Army (the "Additional Shares") in open market transactions from October 7, 1997 through November 14, 1997 for an aggregate purchase price of $7,651,719, paid in cash from Victorinox's working capital. Item 4. Purpose of Transaction. Victorinox acquired the Additional Shares for investment purposes. Although neither Victorinox nor Mr. Elsener has formulated any definite plans or proposals with respect to their investment in Swiss Army, they may consider the acquisition of additional shares of Common Stock or the disposition of some or all of the shares of Common Stock held or to be held by them, depending on market conditions and other circumstances. Except as set forth above, neither Victorinox nor Mr. Elsener has any plans or proposals which relate to or would result in any of the following: - 5 - (a) The acquisition by any person of additional securities of Swiss Army, or the disposition of securities of Swiss Army; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving Swiss Army or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of Swiss Army or any of its subsidiaries; (d) Any change in the present board of directors or management of Swiss Army, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of Swiss Army; (f) Any other material change in Swiss Army's business or corporate structure; (g) Changes in Swiss Army's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of Swiss Army by any person; - 6 - (h) Causing a class of securities of Swiss Army to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of Swiss Army becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) Any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer. (a) Victorinox is the beneficial owner of an aggregate of 1,717,500 shares of Common Stock, constituting approximately 20.9% of the issued and outstanding shares of Common Stock as of the date hereof. As the controlling stockholder of Victorinox, Mr. Elsener may be deemed to be the beneficial owner of the shares of Common Stock held by Victorinox and thus may be deemed to be the beneficial owner of 1,717,500 shares of Common Stock, constituting approximately 20.9% of the issued and outstanding shares of Common Stock as of the date hereof. - 7 - (b) Victorinox and Mr. Elsener share with each other the power to vote or direct the vote and to dispose or direct disposition of 1,445,000 shares of Common Stock held by Victorinox. (c) Except for the open market purchases by Victorinox described below, there were no transactions in Common Stock effected during the sixty day period prior to the date of the event which requires the filing of this statement. Purchase Price Date No. Shares Per Share - ---- ---------- --------- October 7, 1997 21,000 $ 11.125 October 8, 1997 5,000 10.75 October 9, 1997 33,000 10.875 October 14, 1997 5,000 10.50 October 17, 1997 9,000 11.00 October 22, 1997 15,000 11.00 October 23, 1997 12,000 10.75 October 28, 1997 2,000 9.875 October 28, 1997 4,000 10.00 October 28, 1997 2,000 10.25 October 28, 1997 5,000 10.50 October 29, 1997 1,000 10.625 October 29, 1997 2,500 11.00 October 30, 1997 10,500 11.00 November 3, 1997 1,000 10.875 November 4, 1997 310,000 11.0625 November 10, 1997 3,000 10.375 November 12, 1997 1,000 10.375 November 13, 1997 3,000 10.25 November 14, 1997 22,500 10.2153 November 14, 1997 250,000 10.125 - 8 - After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. Dated: November 17, 1997 VICTORINOX AG By: /s/ Charles Elsener, Sr. -------------------------- Charles Elsener, Sr. /s/ Charles Elsener, Sr. -------------------------- Charles Elsener, Sr. - 9 - -----END PRIVACY-ENHANCED MESSAGE-----