-----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, NVQf4YQm2Ctsp1dcdg/DJPw/cLWlYUph4u94tH4EaGh+fFFmAZRWOlzGyrmtS3JY MadzYxQ9YSSjJOq5E2exSA== 0000950134-97-001461.txt : 19970303 0000950134-97-001461.hdr.sgml : 19970303 ACCESSION NUMBER: 0000950134-97-001461 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970228 ITEM INFORMATION: Other events FILED AS OF DATE: 19970228 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRISTAR CORP CENTRAL INDEX KEY: 0000737203 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 133129318 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13099 FILM NUMBER: 97548264 BUSINESS ADDRESS: STREET 1: 12500 SAN PEDRO AVE STE 500 CITY: SAN ANTONIO STATE: TX ZIP: 78216 BUSINESS PHONE: 2104022200 MAIL ADDRESS: STREET 1: 12500 SAN PEDRO AVE, STE 500 STREET 2: 12500 SAN PEDRO AVE, STE 500 CITY: SAN ANTONIO STATE: TX ZIP: 78216 FORMER COMPANY: FORMER CONFORMED NAME: ROSS COSMETICS DISTRIBUTION CENTERS INC DATE OF NAME CHANGE: 19930422 8-K 1 FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Filed Pursuant to Section 13 or 15(d) of the Securities Act of 1934 Date of Report (Date of earliest event reported) February 28, 1997 TRISTAR CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-13099 13-3129318 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 12500 San Pedro Avenue, Suite 500, San Antonio, Texas 78216 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (210) 402-2200 ------------------------------ Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 Item 1. Change in Control. Not applicable. Item 2. Acquistion or Disposition of Assets. Not applicable. Item 3. Bankruptcy or Receivership. Not applicable. Item 4. Change in Accountant. Not applicable. Item 5. Other Events. Attached hereto as Exhibit "A" is a consolidated balance sheet of Tristar Corporation and its subsidiaries, reflecting its audited balances as of August 31, 1996, and unaudited balances as of February 1, 1997. Item 6. Resignation of Director. Not applicable. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. Not applicable. Item 8. Change in Fiscal Year. Not applicable. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TRISTAR CORPORATION By /s/ Loren M. Eltiste -------------------------------------- Loren M. Eltiste, Vice President, Chief Financial Officer, Assistant Secretary and Principal Financial and Accounting Officer DATE: February 28, 1997 4 EXHIBIT A TRISTAR CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
ASSETS February 1, Pro Forma 1997 Shareholders' (unaudited) Equity August 31, 1996 * Current assets: Cash $ 367,000 $ 233,000 Accounts receivable, less allowance for 10,302,000 9,522,000 doubtful accounts of $967,000 Accounts receivable - related parties - net 1,171,000 1,518,000 Inventories 14,821,000 12,691,000 Prepaid expenses 327,000 258,000 Total current assets 26,938,000 24,222,000 Property, plant and equipment, less 8,121,000 8,532,000 accumulated depreciation of $6,133,000 Other assets: Warrant valuation, less accumulated 619,000 653,000 amortization of $1,471,000 Other assets 405,000 360,000 Total other assets 1,024,000 1,013,000 Total assets 36,083,000 33,767,000
* Prepared from audited financial statements for the year ended August 31, 1996 5 TRISTAR CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
LIABILITIES AND February 1, Pro Forma SHAREHOLDERS' EQUITY 1997 Shareholders' August 31, (unaudited) Equity** 1996 * Current liabilities: Short-term borrowings $ 9,636,000 9,319,000 Accounts payable-trade 6,254,000 5,233,000 Accounts payable-related parties-net 3,470,000 2,900,000 Accrued bonuses 232,000 202,000 Accrued interest expense-subordinated debt 1,383,000 1,174,000 Other accrued expenses 1,203,000 847,000 Income taxes payable 10,000 85,000 Current portion of capital lease obligations 39,000 38,000 Current portion of long-term obligations 2,930,000 3,134,000 Total current liabilities 25,284,000 22,932,000 Long-term debt, less current portion -- 3,000 Obligations under capital leases, less current 2,000 59,000 portion Subordinated long term debt - related parties, 8,000,000 4,500,000 12,666,000 less current portion Total liabilities 33,286,000 4,500,000 35,660,000 Commitments and contingencies Shareholders' equity: Preferred stock, $.05 par value; authorized 4,666,000 4,666,000 1,000,000 shares; Series A 666,529 shares issued and outstanding; Series B 120,690 shares issued and outstanding -- 3,500,000 -- proforma Common stock, $.01 par value; authorized 167,000 167,000 167,000 30,000,000 shares; issued and outstanding 16,716,176 shares Additional paid-in-capital 10,493,000 100,493,000 10,354,000 Accumulated deficit (12,361,000) (12,529,000) (12,414,000) Total shareholders' equity 2,797,000 $ 6,297,000 (1,893,000) Total liabilities and shareholders' equity 36,083,000 33,767,000
* Prepared from audited financial statements for the year ended August 31, 1996 ** Reflects changes due to the issuance of Preferred Stock in exchange for the cancellation of Subordinated Debt -----END PRIVACY-ENHANCED MESSAGE-----