-----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, J7y+E3oRgqjux6D+5Aw259YetPb7vo4wHIE2f6gIDysrbB1A27zHrwBqFqv5RjHC Cq3tXrshIYl6Od/FDSI96w== 0000950148-96-000368.txt : 19960314 0000950148-96-000368.hdr.sgml : 19960314 ACCESSION NUMBER: 0000950148-96-000368 CONFORMED SUBMISSION TYPE: SC 13E1/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19960312 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CROWN LABORATORIES INC /DE/ CENTRAL INDEX KEY: 0000847385 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 752300995 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42675 FILM NUMBER: 96533953 BUSINESS ADDRESS: STREET 1: 6780 CABALLO ST CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7026969300 MAIL ADDRESS: STREET 1: 6780 CABALLO ST STREET 2: PO BOX 96205 CITY: LAS VEGAS STATE: NV ZIP: 89119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CROWN LABORATORIES INC /DE/ CENTRAL INDEX KEY: 0000847385 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 752300995 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E1/A BUSINESS ADDRESS: STREET 1: 6780 CABALLO ST CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7026969300 MAIL ADDRESS: STREET 1: 6780 CABALLO ST STREET 2: PO BOX 96205 CITY: LAS VEGAS STATE: NV ZIP: 89119 SC 13E1/A 1 ISSUER TENDER OFFER STATEMENT. AMEND. NO.2 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ISSUER TENDER OFFER STATEMENT (PURSUANT TO SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934) (AMENDMENT NO. 2) Crown Laboratories, Inc. (Name of Issuer) Crown Laboratories, Inc. (Name of Person(s) Filing Statement) Warrants Expiring between 1996 and 1997 (Title of Class of Securities) None (CUSIP Number of Class of Securities) Ronald P. Givner, Esq. Jeffer, Mangels, Butler & Marmaro LLP 2121 Avenue of the Stars Los Angeles, California 90067 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement) February 15, 1996 (Date Tender Offer First Published, Sent or Given to Security Holders) Calculation of Filing Fee - -------------------------------------------------------------------------------- Transaction Valuation Amount of Filing Fee $2,582,235.20* $516.45 (previously paid) - -------------------------------------------------------------------------------- / / Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. - ------------ *The Warrants are being modified to allow for the exercise of $1.375 per share of Common Stock. Pursuant to Rule 457(g), the filing fee is based on the market price for the Common stock ($1.75) as determined by Rule 457(c) and 0-11(4), times 1,475,563 Warrants. 2 Amount Previously Paid: Form or Registration No.: Filing Party: Date Filed: ITEM 9. MATERIAL TO BE FILED AS EXHIBITS. (1)(a) The Offer and related Letter of Transmittal.* (2)(a) Cover letter dated February 15, 1996.* (3)(a) Notice of Extension of the Offer dated March 11, 1996 (b) Not applicable. (c) Not applicable. (d) Not applicable. (e) Not applicable. (f) Not applicable. (g) Press release dated February 29, 1996. * (h) Press release dated March 12, 1996. - --------------------------- * Previously filed. SIGNATURE After due 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: March 12, 1996 CROWN LABORATORIES, INC. /s/ Scott Hilley ---------------------------- Scott Hilley, Chief Financial Officer EX-3.(A) 2 NOTICE OF EXTENSION OF THE OFFER DATED 3/11/96 1 EXHIBIT 3(a) March 12, 1996 CROWN LABORATORIES, INC. EXTENSION OF EXPIRATION DATE TO MARCH 28, 1996 FOR OFFER TO WARRANT HOLDERS DATED FEBRUARY 15, 1996 On February 15, 1996, Crown Laboratories, Inc. offered to holders of its Warrants to lower the exercise price of the Warrants each holder owns of record from $3.00 per share of Common Stock to $1.375 per share of Common Stock provided that at least 60% of the Warrants held by a recordholder are exercised and, if at least 60% of such Warrants are exercised, the Company will extend the terms of the remaining Warrants held by each such holder for one year (the "Offer"). Crown Laboratories, Inc. hereby extends the expiration date of the Offer until March 28, 1996. To accept this Offer the Warrants must be tendered and exercised on or prior to 5:00 p.m. Eastern Standard Time on March 28, 1996, unless such date is extended by the Company in its sole discretion. Each record holder of Warrants must either accept the Offer and exercise at least 60% of his Warrants at $1.375 per share and have the expiration date of the balance, if any, of his Warrants extended for one year at an exercise price of $3.00 per share or retain his current Warrants on their current terms. A holder of the Warrants may tender and exercise at $1.375 per share over 60% of the Warrants held by him for tender and exercise pursuant to the Offer. Except for the extension of the expiration date, all other terms and conditions of the Offer remain in full force and effect and the previously provided Letter of Transmittal should be used to tender and exercise Warrants. As of March 11, 1996, 25,000 Warrants had been tendered for exercise. EX-3.(H) 3 PRESS RELEASE DATED MARCH 12, 1996 1 EXHIBIT 3.(h) CROWN LABORATORIES, INC. PRESS RELEASE CROWN LABORATORIES, INC. (AMEX: CLL.EC) ANNOUNCED TODAY THAT IT HAS EXTENDED UNTIL MARCH 28, 1996 ITS OFFER TO ITS HOLDERS OF ITS PRIVATELY PLACED WARRANTS TO EXERCISE THE WARRANTS AT $1 3/8 PER SHARE INSTEAD OF $3.00 PER SHARE IF EACH HOLDER EXERCISES AT LEAST 60% OF SUCH WARRANTS BY SUCH DATE. IF AT LEAST 60% OF A HOLDER'S WARRANTS ARE EXERCISED, THE EXPIRATION DATE OF HIS REMAINING WARRANTS WILL BE EXTENDED ONE YEAR. CROWN LABORATORIES, INC. CANNOT PREDICT WHICH, IF ANY, OF ITS 1,475,563 PRIVATELY PLACED WARRANTS MAY BE EXERCISED. AS OF MARCH 11, 1996, 25,000 WARRANTS HAD BEEN TENDERED FOR EXERCISE. THE WARRANTS WERE ISSUED IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933 AND MAY NOT BE TRANSFERRED OR SOLD IN ABSENCE OF AN APPLICABLE REGISTRATION STATEMENT OR AN EXEMPTION FROM REGISTRATION. THE SHARES UNDERLYING THE WARRANTS HAVE BEEN REGISTERED FOR RESALE BY HOLDERS OF THE WARRANTS. -----END PRIVACY-ENHANCED MESSAGE-----