-----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, O8T0RJhtAD7dksqz3FHGySX8oKno/niJv+GD80QEoccyT+EZ6OeEgBrJgV7IHRdl Br9m0k0haz43t18r9bLApw== 0000801448-97-000013.txt : 19971229 0000801448-97-000013.hdr.sgml : 19971229 ACCESSION NUMBER: 0000801448-97-000013 CONFORMED SUBMISSION TYPE: 8-A12G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19971224 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELCOTEL INC CENTRAL INDEX KEY: 0000801448 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 592518405 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-A12G SEC ACT: SEC FILE NUMBER: 000-15205 FILM NUMBER: 97744222 BUSINESS ADDRESS: STREET 1: 6428 PARKLAND DR CITY: SARASOTA STATE: FL ZIP: 34243 BUSINESS PHONE: 9417580389 MAIL ADDRESS: STREET 1: 6428 PARKLAND DR CITY: SARASOTA STATE: FL ZIP: 34243 8-A12G 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 ELCOTEL, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 59-2518405 -------------------------------------- ------------------ (State of incorporation or organization) (I.R.S. Employer Identification No.) 6428 Parkland Drive Sarasota, Florida 34243 - ---------------------------------------- ------------- (Address of principal executive offices) (Zip Code) If this form relates to the registration of a class of securities pursuant to section 12(b) of the Exchange Act and is effective upon filing pursuant to General Instruction A(c), please check the following box. If this form relates to the registration of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A(d), please check the following box. X Securities Act registration statement file number to which this form relates: 333-38439 Securities to registered pursuant to Section 12(b) of the Act: None. Securities to be registered pursuant to Section 12(g) of the Act: Redeemable Common Stock Warrants -------------------------------- (Title of class) Item 1. Description of Registrant's Securities to be Registered. -------------------------------------------------------- As of the date of this Form 8-A, 1,207,500 Redeemable Warrants are outstanding. The following is a brief summary of certain provisions of the Redeemable Warrants, but such summary does not purport to be complete and is qualified in all respects by reference to the actual text of the Warrant Agreement between Technology Service Group, Inc. ("TSG") and Liberty Bank and Trust Company of Oklahoma City, N.A. ("Liberty"), as supplemented by the Supplemental Warrant Agreement dated as of December 23, 1997 among the Registrant, TSG, Liberty and American Stock Transfer and Trust Company (collectively, the "Warrant Agreement"). A copy of the Warrant Agreement has been filed as an exhibit to this Form 8-A. Two Redeemable Warrants entitle the holder thereof to purchase one share of Common Stock, par value $.01, of the Registrant ("Common Stock"), at an exercise price of $10.48 per share. Therefore, the Redeemable Warrants outstanding can be exercised to purchase an aggregate of 603,750 shares of Common Stock. Unless the Redeemable Warrants are redeemed as provided below, the Redeemable Warrants may be exercised at any time until 5:00 p.m. on May 9, 1999, at which time the Redeemable Warrants will expire. The Redeemable Warrants are redeemable by the Registrant at its option, as a whole and not in part, at $.05 per Redeemable Warrant on 30 days' prior written notice, provided that the average closing bid price of the Common Stock equals or exceeds a price per share determined pursuant to the Warrant Agreement for 20 consecutive trading days ending within five days prior to the date of the notice of redemption. The Redeemable Warrants may not be redeemed unless they are then exercisable and a current prospectus covering the Redeemable Warrants and the shares of Common Stock issuable thereunder is then in effect. The Redeemable Warrants will remain exercisable until the close of business on the business day prior to the date of redemption. Redemption of the Redeemable Warrants may force the holders to exercise the Redeemable Warrants and pay the exercise price at a time when it may be disadvantageous for them to do so or sell the Redeemable Warrants at the current market price when they might otherwise desire to hold the Redeemable Warrants. The holders of the Redeemable Warrants will not have any of the rights or privileges of stockholders of the Company (except to the extent they otherwise own Common Stock) prior to the exercise of the Redeemable Warrants. The Redeemable Warrants will be entitled to the benefit of adjustments in the exercise price and in the number of shares of Common Stock deliverable upon the exercise thereof upon the occurrence of certain events, including a stock dividend, stock split, merger or similar reorganization. Item 2. Exhibits. -------- Exhibit Number Description - -------------- ----------- 1 Certificate of Incorporation of the Registrant, as amended (incorporated by reference to Exhibit 3.1 to the Registrant's Registration Statement on Form S-18, File No. 33-8565) 2 Bylaws of the Registrant, as amended (incorporated by reference to Exhibit 3.2 to the Registrant's Annual Report on Form 10-K for the year ended March 31, 1987) 3 Warrant Agreement, dated as of May 10, 1996 between Technology Service Group, Inc. and Liberty Bank and Trust Company of Oklahoma City, N.A. (incorporated by reference to Exhibit 4.2 to the Registrant's Registration Statement on Form S-4, File No. 333-38439) 4 Supplemental Warrant Agreement, dated as of December 23,1997 among Elcotel, Inc., Technology Service Group, Inc., Liberty Bank and Trust Company of Oklahoma City, N.A. and American Stock Transfer and Trust Company SIGNATURE Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereto duly authorized. Date: December 24, 1997 ELCOTEL, INC. By: /s/ Ronald M. Tobin ------------------- Ronald M. Tobin Vice President and Chief Financial Officer EX-1 2 SUPPLEMENTAL WARRANT AGREEMENT EXHIBIT 1 SUPPLEMENTAL WARRANT AGREEMENT This SUPPLEMENTAL WARRANT AGREEMENT is effective as of December 23, 1997 by and among ELCOTEL, INC. ("Elcotel"); TECHNOLOGY SERVICE GROUP, INC. ("TSG"); LIBERTY BANK AND TRUST COMPANY OF OKLAHOMA CITY, N.A. ("Liberty"); and AMERICAN STOCK TRANSFER AND TRUST COMPANY ("American"). WHEREAS, TSG and Liberty entered into a Warrant Agreement, dated as of May 10, 1996 (the "Warrant Agreement") pursuant to which Liberty has acted as Warrant Agent in connection with the issuance of 1,150,000 warrants to purchase common stock of TSG (the "Warrants") pursuant to the Warrant Agreement; WHEREAS, Elcotel, TSG and Elcotel Hospitality Services, Inc. ("EHS") entered into an Agreement and Plan of Merger, dated August 13, 1997, as amended (the "Merger Agreement") pursuant to which EHS, a wholly-owned subsidiary of Elcotel, merged with and into TSG and TSG became a wholly-owned subsidiary of Elcotel effective on December 18, 1997 (the "Merger"), and pursuant thereto each share of common stock of TSG ("TSG Common Stock") issued and outstanding immediately prior to the consummation of the Merger was converted into the right to receive 1.05 shares of common stock of Elcotel ("Elcotel Common Stock); WHEREAS, pursuant to the Merger Agreement, each Warrant outstanding immediately prior to the effective time of the Merger was adjusted as of the effective time of the Merger so as to constitute a warrant to acquire, on substantially the same terms and conditions as were applicable to such Warrant under the Warrant Agreement, 1.05 shares of Elcotel Common Stock for each share of TSG Common Stock for which such Warrant could have been exercised immediately prior to the effective time of the Merger; WHEREAS, Liberty desires to resign as Transfer Agent and Warrant Agent, and American, as a stock transfer company doing business in New York, New York, desires to succeed Liberty as Transfer Agent and Warrant Agent under the Warrant Agreement. NOW, THEREFORE, in consideration of the foregoing, the parties hereto, intending to be legally bound hereby, agree as follows: 1. Liberty hereby resigns its duties pursuant to the Warrant Agreement effective as of the date set forth above and Liberty shall be discharged from all further rights, duties and liabilities under the Warrant Agreement (except liabilities arising as a result of its gross negligence or willful misconduct under the Warrant Agreement). TSG and Elcotel hereby appoint American as the new Warrant Agent and Transfer Agent under the 1 Warrant Agreement effective as of the date set forth above and American accepts such appointment and hereby assumes all rights and duties of the Transfer Agent and Warrant Agent under the Warrant Agreement. American shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named in the Warrant Agreement as the Transfer Agent and Warrant Agent, without any further assurance, conveyance, act or deed. 2. If for any reason it shall be necessary or expedient to execute and deliver any further assurance, conveyance, act or deed, upon TSG's request, the same shall be done at the expense of TSG and Liberty shall legally and validly execute and deliver the same. 3. The following addresses set forth in paragraph 12 of the Warrant Agreement to which notices shall be sent is modified so that notices to the Company shall be sent to Technology Service Group, Inc., 6428 Parkland Drive, Sarasota, Florida 34243, Attention: President and to the Warrant Agent at its Corporate Office at 40 Wall Street, New York, New York 10005. 4. This Agreement may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one instrument. IN WITNESS WHEREOF, the parties hereto have executed this Supplemental Warrant Agreement as of the date first above written. TECHNOLOGY SERVICE GROUP, INC. ELCOTEL, INC. By: /s/ William H. Thompson By: /s/ Tracey L. Gray ----------------------------------- ------------------------- William H. Thompson, Vice President Tracey L. Gray, President LIBERTY BANK AND TRUST COMPANY OF OKLAHOMA CITY, N.A. By: /s/ Edith Schuler --------------------------------- Name: Edith Schuler Title: AMERICAN STOCK TRANSFER AND TRUST COMPANY By: /s/ Herbert J. Lemmer ------------------------ Name: Herbert J. Lemmer Title: Vice President 2 -----END PRIVACY-ENHANCED MESSAGE-----