-----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, VQ+Bs1wY4ZwgEPL/YJq63laaBGimG0SSrECX85yC4vg6NPNGpEUsl6+UhI/YDnvt cL/DErZGe8tXyyLN6C66Uw== 0001036050-98-001422.txt : 19980817 0001036050-98-001422.hdr.sgml : 19980817 ACCESSION NUMBER: 0001036050-98-001422 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980814 SROS: NONE GROUP MEMBERS: BRIAN P. MILLER GROUP MEMBERS: DAVID KAGEL GROUP MEMBERS: GEORGE BELL STROB GROUP MEMBERS: JAMES P. GUNNING, JR. GROUP MEMBERS: JAMES PRESTON GROUP MEMBERS: JOHN FINNELL GROUP MEMBERS: JOHN H. JOSEPHSON GROUP MEMBERS: JOHN MAX WAITS GROUP MEMBERS: KRASOVEC FRANK P GROUP MEMBERS: MICHAEL LINDERMAN GROUP MEMBERS: PAUL W. LARSON GROUP MEMBERS: RUSSELL A. DEVEREAU SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORWOOD PROMOTIONAL PRODUCTS INC CENTRAL INDEX KEY: 0000902793 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 742553074 STATE OF INCORPORATION: TX FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-45025 FILM NUMBER: 98690000 BUSINESS ADDRESS: STREET 1: 106 E 6TH ST STREET 2: STE 300 CITY: AUSTIN STATE: TX ZIP: 78701 BUSINESS PHONE: 2103419440 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KRASOVEC FRANK P CENTRAL INDEX KEY: 0000923196 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 106 EAST SIXTH STREET STE 300 CITY: AUSTIN STATE: TX ZIP: 78701 BUSINESS PHONE: 2102277629 MAIL ADDRESS: STREET 1: 106 E SIXTH ST STREET 2: STE 300 CITY: AUSTIN STATE: TX ZIP: 78701 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* NORWOOD PROMOTIONAL PRODUCTS, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 669729-10-5 (CUSIP Number) Frank P. Krasovec, President Richard J. McMahon, Esquire FPK, LLC Blank Rome Comisky & McCauley LLP 106 East Sixth Street, Suite 300 One Logan Square Austin, Texas 78701 Philadelphia, Pennsylvania 19103-6998 (210) 227-7629 (215) 569-5500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 15, 1998 (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 (S)(S) 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [_] The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) Frank P. Krasovec - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 660,917 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 660,917 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 660,917 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 13.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -1- - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities only) James P. Gunning, Jr. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 500 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 500 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 500 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -2- - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) John Finnell - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF, OO, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 207,185 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 207,185 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 207,185 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.1% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -3- - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) George Bell Strob - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 51,194 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 51,194 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 51,194 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -4- - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) Brian P. Miller - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 OO, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 17,142 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 17,142 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 17,142 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.3% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -5- - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) Paul W. Larson - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF, BK, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 62,298 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 62,298 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 62,298 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -6- - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) Russell A. Devereau - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 4,167 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 4,167 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 4,167 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -7- - ----------------------- --------------------- CUSIP NO. 669729-10-5 13D - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) James Preston - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See 2 Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Canada - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 0 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 1,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 0 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,500 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ -8- SCHEDULE 13D - ------------------------ --------------------- CUSIP NO. 669729-10-5 - ------------------------ --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Michael Linderman - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (See Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 (See Instructions) PF, OO, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 57,331 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 57,331 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 57,331 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 1.1% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ -9- SCHEDULE 13D - ------------------------ --------------------- CUSIP NO. 669729-10-5 - ------------------------ --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 David Kagel - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (See Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 (See Instructions) PF, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 25,443 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 25,443 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 25,443 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.5% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ -10- SCHEDULE 13D - ------------------------ --------------------- CUSIP NO. 669729-10-5 - ------------------------ --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 John Max Waits - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (See Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 (See Instructions) PF, BK, SC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 13,100 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 13,100 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,100 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.3% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ -11- SCHEDULE 13D - ------------------------ --------------------- CUSIP NO. 669729-10-5 - ------------------------ --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 John H. Josephson - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (See Instructions) (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 (See Instructions) PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 30,728 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 30,728 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 30,728 (See Item 5) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (See Instructions) [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.6% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ -12- Item 1. Security and Issuer. This Schedule 13D report relates to the Common Stock, no par value per share ("Common Stock"), of Norwood Promotional Products, Inc. (the "Issuer" or the "Company"). The address of the Issuer's principal executive offices is 106 East Sixth Street, Suite 300, Austin, Texas 78701. Item 2. Identity and Background. This statement is being jointly filed by each of the following persons: Frank P. Krasovec, James P. Gunning, Jr., John Finnell, George Bell Strob, Brian P. Miller, Paul W. Larson, Russell A. Devereau, James Preston, Michael Linderman, David Kagel, John Max Waits and John H. Josephson (collectively referred to herein as the "Reporting Persons"). Due to Mr. Krasovec's ownership of 13% of the Issuer's stock, he presently has a Schedule 13G on file with the Commission. Mr. Krasovec's inclusion in this Schedule 13D serves to amend his previous Schedule 13G filing. Appendix A, which is incorporated herein by reference, sets forth the following information with respect to each Reporting Person and anyone with whom a Reporting Person shares voting or dispositive power with respect to his Common Stock: (i) name, (ii) residence or business address, (iii) present principal occupation or employment, (iv) principal business and address of any corporation or other organization in which such employment is conducted, and (v) citizenship. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of information given by another Reporting Person. By their signature on this Statement, each of the Reporting Persons agrees that this Statement is filed on behalf of such Reporting Person. Each of the Reporting Persons may be deemed to be holding their shares of Common Stock with the purpose (together with the other Reporting Persons) of acquiring control of the Issuer through the Merger (as described below); accordingly, the Reporting Persons may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Act. The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this Statement. The filing of this Statement shall not be construed as an admission that any of the Reporting Persons is, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 (the "Exchange Act"), the beneficial owner of the shares of Common Stock covered by this Statement. It is anticipated that additional individuals may become Reporting Persons. None of the Reporting Persons or the other persons listed in this Item 2 has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years, or (ii) a party, during the last five years, to a civil proceeding or a judicial or administrative body of competent jurisdiction which resulted in any of them being subjected 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. Each Reporting Person has obtained the Common Stock that he/she presently holds over a course of years for investment purposes with personal funds, a bank loan that has been paid or as merger consideration as a result of being a stockholder of a Company that was purchased by the Issuer. As described below, the Issuer and FPK, LLC, a limited liability company ("LLC") formed and wholly owned by Frank P. Krasovec, the Chairman, President and Chief Executive Officer of the Issuer have entered into a Merger Agreement pursuant to which a wholly- owned subsidiary of LLC will merge with the Issuer. As a result the Merger all shares of Common Stock of the Issuer (other than as described in Item 4 below) will be converted into the right to receive $20.70 per share. The amount of funds necessary for the purchase of such shares of Common Stock of Issuer is approximately $84 million. Financing for the Merger, which is being arranged by LLC includes (i) a $50 million senior secured credit facility to be provided to the Issuer pursuant to a commitment letter from Merrill Lynch Capital Corporation ("Merrill Lynch") and NationsBank, N.A. ("NationsBank") (of which $30 million will be -13- provided by Merrill Lynch and $20 million by NationsBank), consisting of (A) a $25 million senior secured term loan, which will be fully drawn at the closing of the transaction ("Closing") and (B) a $25 million senior secured revolving credit facility, of which no more than $10 million will be drawn at Closing, (ii) up to $100 million from the issuance by the Issuer of unsecured senior subordinated notes due 2008, which notes will be sold or placed pursuant to a highly confident letter by Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates and will be issued simultaneous with the Closing and (iii) $20 million from the issuance by the Issuer of pay-in-kind preferred stock which will be provided pursuant to a commitment letter from Ares Leveraged Investment Fund, L.P., an affiliate of Ares Management, L.P. Conditions to the consummation of the financing include, among other things, the execution and delivery of definitive documents, the satisfactory completion of due diligence by the financing sources and the absence of any material adverse change with respect to the Issuer. A portion of the above described financing will be used to pay down existing Issuer debt and as working capital for the Surviving Corporation (as defined below). Item 4. Purpose of Transaction. On March 15, 1998, LLC and Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement"). Under the Merger Agreement, LLC will form a wholly-owned subsidiary ("Newco"), which will be merged with and into Issuer (the "Merger"), whereupon the separate existence of Newco will cease and the Issuer will continue as the surviving corporation ("Surviving Corporation"). The Merger Agreement provides that, at the effective time of the Merger ("Effective Time"): (i) each share of Common Stock (collectively, the "Common Shares") issued and outstanding immediately prior to the Effective Time, other than as described in clause (iii), clause (iv) and other than those owned by Dissenting Shares holders (as defined below), will be converted into the right to receive $20.70 per share in cash (the "Merger Consideration"); (ii) all Common Shares to be converted into the right to receive the Merger Consideration pursuant to clause (i) will be canceled and retired, and each holder of Common Shares will thereafter cease to have any rights with respect to such Common Shares, except the right to receive the Merger Consideration; (iii) each Common Share issued and outstanding that is owned by any present or future Reporting Person (the "Buyout Group") immediately prior to the Effective Time will be converted into one fully paid and nonassessable share of common stock, $.01 par value, of the Surviving Corporation; (iv) each Common Share issued and outstanding and owned by the Issuer as treasury stock or by any of the Issuer's subsidiaries immediately prior to the Effective Time will be canceled and retired; (v) each share of capital stock of Newco issued and outstanding immediately prior to the Effective Time will be canceled and retired; and (vi) all notes and other debt instruments of the Issuer which are outstanding immediately prior to the Effective Time shall continue to be outstanding subsequent to the Effective Time as debt instruments of the Surviving Corporation, subject to their respective terms and provisions. At the Effective Time, each option, warrant and convertible debt instrument of the Issuer (each a "Stock Derivative") to purchase Common Shares shall continue to be outstanding subsequent to the Effective Time as options, warrants and convertible debt of the Surviving Corporation, subject to all expiration, lapse and other terms and conditions thereof, except that the term of all Stock Derivatives (other than convertible debt and employee incentive stock options) shall be extended for three years from the date of their current expiration. The Merger Agreement provides that the articles of incorporation and by- laws of the Issuer, as in effect immediately prior to the Effective Time, as amended to convert the par value of the Common Stock from no par to $.01 par value and to authorize the issuance of blank check preferred stock, shall become, from and after the Effective Time, the articles of incorporation and by- laws of the Surviving Corporation until amended in accordance with its terms and the Texas Business Corporation Act ("TCBA"). The Merger Agreement provides that the directors and officers of Newco immediately prior to the Effective Time shall become, from and after the Effective Time, the directors and officers of the Surviving Corporation. Such persons will continue as directors or officers, as the case may be, of the Surviving Corporation until their successors have been duly elected or appointed and qualified or until their earlier -14- death, resignation, or removal in accordance with the articles of incorporation and by-laws of the Surviving Corporation. The Merger is subject to, among other things, the approval of the holders of at least two-thirds of the outstanding Common Stock of the Issuer, the consummation of debt and equity financing to finance the transaction and compliance with Article 2.38 of the TCBA. Prior to the Effective Time, Issuer or LLC may terminate the Merger Agreement under certain circumstances, in each case as set forth in the Merger Agreement. If the Merger is completed as planned, the Reporting Persons expect to cause the Issuer to seek to have the shares of Issuer Common Stock cease to be authorized to be listed on the NASDAQ National Market System. Other than as described above, none of the Reporting Persons has any current plans or proposals that relate to or would result in any of the actions described in Item 4 of Schedule 13D (although subject to the provisions of the Merger Agreement such Reporting Persons reserves the right to develop such plans). Item 5. Interest in Securities of the Issuer. As of the filing date of this Amendment No. 2 to the Schedule 13D ("Filing Date"), Mr. Krasovec beneficially owns 660,917 shares of Common Stock, including 7,000 shares that Mr. Krasovec has the right to acquire through the exercise of Issuer stock options vesting on or before September 30, 1998 ("Vested Options") and excluding 23,000 shares that Mr. Krasovec has the right to acquire through the exercise of Issuer stock options that do not vest until after September 30, 1998 ("Unvested Options"). Mr. Krasovec's 660,917 shares of Common Stock represent approximately 13.0% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Krasovec has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Gunning beneficially owns 500 shares of Common Stock, excluding 16,000 shares that Mr. Gunning has the right to acquire through the exercise of Unvested Options. Mr. Gunning's 500 shares of Common Stock represent less than 0.01% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Gunning has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Finnell beneficially owns 207,185 shares of Common Stock, including 9,728 shares that Mr. Finnell has the right to acquire through the exercise of Vested Options and excluding 11,500 shares that Mr. Finnell has the right to acquire through the exercise of Unvested Options. Mr. Finnell's 207,185 shares of Common Stock represent approximately 4.1% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Finnell has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Strob beneficially owns 51,194 shares of Common Stock, including 16,009 shares that Mr. Strob has the right to acquire through the exercise of Vested Options and excluding 24,933 shares that Mr. Strob has the right to acquire through the exercise of Unvested Options. Mr. Strob's 51,194 shares of Common Stock represent approximately 1.0% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Strob holds all of his shares of Common Stock jointly with his wife, Debra Ann Strob. Accordingly, Mrs. Strob may be deemed to share in the power to vote or direct the vote of, the power to dispose or to direct the disposition of and the power to receive or direct the receipt of dividends from, or the proceeds from the sale of, Mr. Strob's Common Stock. -15- As of the Filing Date, Mr. Miller beneficially owns 17,142 shares of Common Stock, excluding 2,500 shares that Mr. Miller has the right to acquire through the exercise of Unvested Options. Mr. Miller's 17,142 shares of Common Stock represent approximately 0.3% of the Issuer's outstanding Common Stock as of June 30, 1998. On January 27, 1998, Mr. Miller sold 1,000 shares of Common Stock on the open market for $17.00 a share. On January 28, 1998, Mr. Miller sold 1,000 shares of Common Stock on the open market for $16.875 a share. On February 13, 1998, Mr. Miller sold 1,000 shares of Common Stock on the open market for $16.50 a share. Mr. Miller has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Larson beneficially owns 62,298 shares of Common Stock, including 3,867 shares that Mr. Larson has the right to acquire through the exercise of Vested Options and excluding 4,933 shares that Mr. Larson has the right to acquire through the exercise of Unvested Options. Mr. Larson's 62,298 shares of Common Stock represent approximately 1.2% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Larson has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Devereau beneficially owns 4,167 shares of Common Stock, including 3,667 shares that Mr. Devereau has the right to acquire through the exercise of Vested Options and excluding 6,333 shares that Mr. Devereau has the right to acquire through the exercise of Unvested Options. Mr. Devereau's 4,167 shares of Common Stock represent less than 0.1% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Devereau has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Preston beneficially owns 1,000 shares of Common Stock, excluding 20,000 shares that Mr. Preston has the right to acquire through the exercise of Unvested Options. Mr. Preston's 1,000 shares of Common Stock represent less than 0.1% of the Issuer's outstanding Common Stock as of June 30, 1998. On January 23, 1998, Mr. Preston was granted options under the employee stock option plan to purchase 20,000 shares of Common Stock at $16.75 per share. Mr. Preston holds all of his shares of Common Stock jointly with his wife, Brenda Preston. Accordingly, Mrs. Preston may be deemed to share in the power to vote or direct the vote of, the power to dispose or to direct the disposition of and the power to receive or direct the receipt of dividends from, or the proceeds from the sale of, Mr. Preston's Common Stock. As of the Filing Date, Mr. Linderman beneficially owns 57,331 shares of Common Stock, including 6,000 shares that Mr. Linderman has the right to acquire through the exercise of Vested Options, 15,000 shares that Mr. Linderman has the right to acquire through the exercise of vested warrants and 35,294 shares that Mr. Linderman has the right to acquire through the conversion of a convertible note and excluding 12,000 shares that Mr. Linderman has the right to acquire through the exercise of Unvested Options. Mr. Linderman's 57,331 shares of Common Stock represent approximately 1.1% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Linderman has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Kagel beneficially owns 25,443 shares of Common Stock, including 17,985 shares that Mr. Kagel has the right to acquire through the exercise of Vested Options and excluding 16,800 shares that Mr. Kagel has the right to acquire through the exercise of Unvested Options. Mr. Kagel's 25,443 shares of Common Stock represent approximately 0.5% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Kagel has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Waits beneficially owns 13,100 shares of Common Stock, including 7,862 shares that Mr. Waits has the right to acquire through the exercise of Vested Options and excluding 18,800 shares that Mr. Waits has the right to acquire through the exercise of Unvested Options. Mr. Wait's 13,100 shares of Common Stock represent approximately 0.3% of the Issuer's outstanding Common Stock as of June 30, 1998. Mr. Waits has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. As of the Filing Date, Mr. Josephson beneficially owns 30,728 shares of Common Stock, including 28,728 shares that Mr. Josephson has the right to acquire through the exercise of vested warrants. Mr. Josephson's 30,728 shares of Common Stock represent approximately 0.6% of the issue's outstanding Common Stock as of June 30, 1998. Mr. Josephson has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of the Common Stock of which he is the beneficial owner. Each of the Reporting Persons has agreed to participate as a member of the Buyout Group. The filing of this Statement shall not, however, be construed as an admission that any of the members is, for the purposes of Sections 13(d) or 13(g) of the Exchange Act, the beneficial owner of the shares covered by this Statement. The aggregate beneficial ownership of the Reporting Persons is 21.7% of the outstanding shares of Common Stock of the Issuer. The determination of percent beneficial ownership of Common Stock is based upon their being 5,085,640 shares of Common Stock were issued and outstanding as of June 30, 1998. Except as described above in Item 3 and this Item 5, none of the Reporting Persons has effected any transactions in Common Stock during the past sixty days. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. In addition to the relationship and understanding among the Reporting Persons already described in this Statement, at the Effective Time, it is anticipated that the Reporting Persons, and any other individual that as a result of the provisions of the Merger Agreement holds stock in the Surviving Corporation ("Surviving Shareholders"), will enter into a shareholder's agreement ("Shareholders' Agreement") which is expected to provide certain rights and responsibilities among the Shareholders. The terms of the Shareholder's Agreement have not yet been completed. -16- At the present time there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and/or between such persons and any other person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, put or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Item 7. Materials to be Filed as Exhibits Exhibit A - Joint Filing Agreement pursuant to Rule 13d-1(f)(1)(iii) Exhibit B- 1(a)* Commitment Letter dated March 15, 1998 by and between FPK, LLC, Merrill Lynch Capital Corporation and NationsBank, N.A. Exhibit B- 1(b)* Term Sheet regarding Bank Facilities Exhibit B- 2(a)* Highly Confident Letter dated March 15, 1998 by and between FPK, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated Exhibit B- 3(a)* Commitment Letter dated March 14, 1998 by and between FPK, LLC and Ares Leveraged Investment Fund, L.P. Exhibit B- 3(b)* Term Sheet regarding Preferred Stock Exhibit C*- Agreement and Plan of Merger between LLC and Issuer dated March 15, 1998 [as verification of the number of Issuer shares outstanding]. Exhibit D - Power of Attorney (included on page 18) - ----------------- *Previously Filed -17- SIGNATURES After reasonable inquiry and to the best of each Reporting Person's respective knowledge and belief, each Reporting Person certifies that the information set forth in this Statement is true, complete and correct. KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Frank P. Krasovec and James P. Gunning, Jr. and each of them, his true and lawful attorney-in-fact and agent with full power of substitution or resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Schedule 13D, and to file the same, with all exhibits thereto, and other documentation in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Exchange Act of 1934, this Amendment No. 2 to Schedule 13D has been signed below by the following persons on the dates indicated. SIGNATURE DATE --------- ---- * August 3, 1998 - ---------------------------------- -------------- Frank P. Krasovec /s/ James P. Gunning, Jr. August 3, 1998 - ---------------------------------- -------------- James P. Gunning, Jr. * August 3, 1998 - ---------------------------------- -------------- John Finnel * August 3, 1998 - ---------------------------------- -------------- Michael Linderman * August 3, 1998 - ---------------------------------- -------------- James Preston * August 3, 1998 - ---------------------------------- -------------- Paul W. Larson * August 3, 1998 - ---------------------------------- -------------- Russell A. Devereau * August 3, 1998 - ---------------------------------- -------------- George Bell Strob * August 3, 1998 - ---------------------------------- -------------- Brian P. Miller * August 3, 1998 - ---------------------------------- -------------- J. Max Waits * August 3, 1998 - ---------------------------------- -------------- David Kagel /s/ John H. Josephson July 29, 1998 - ---------------------------------- -------------- John H. Josephson * By: /s/ James P. Gunning, Jr. ---------------------------- Attorney-in-Fact -18- EXHIBIT A Joint Filing Agreement In accordance with Rule 13d-1(f)(1) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them to this Statement and any subsequent amendments hereto. SIGNATURE DATE --------- ---- /s/ Frank P. Krasovec March 20, 1998 - ---------------------------------- -------------- Frank P. Krasovec /s/ James P. Gunning, Jr. March 20, 1998 - ---------------------------------- -------------- James P. Gunning, Jr. /s/ John Finnel March 20, 1998 - ---------------------------------- -------------- John Finnel /s/ Michael Linderman March 25, 1998 - ---------------------------------- -------------- Michael Linderman /s/ James Preston March 23, 1998 - ---------------------------------- -------------- James Preston /s/ Paul W. Larson March 20, 1998 - ---------------------------------- -------------- Paul W. Larson /s/ Russell A. Devereau March 24, 1998 - ---------------------------------- -------------- Russell A. Devereau /s/ George Bell Strob March 20, 1998 - ---------------------------------- -------------- George Bell Strob /s/ Brian P. Miller March 20, 1998 - ---------------------------------- -------------- Brian P. Miller /s/ J. Max Waits March 26, 1998 - ---------------------------------- -------------- J. Max Waits /s/ David Kagel March 26, 1998 - ---------------------------------- -------------- David Kagel /s/ John H. Josephson July 29, 1998 - ---------------------------------- -------------- John H. Josephson -19- APPENDIX A ----------
- -------------------------------------------------------------------------------------------------------------------- Name Address Occupation Business Address Citizenship - -------------------------------------------------------------------------------------------------------------------- Frank P. Krasovec 106 E. 6th Street Chief Executive 106 E. 6th Street U.S.A. Suite 300 Officer-Norwood Suite 300 Austin, TX 78701 Promotional Austin, TX 78701 Products, Inc. - -------------------------------------------------------------------------------------------------------------------- James P. Gunning, Jr. 106 E. 6th Street Chief Financial 106 E. 6th Street U.S.A. Suite 300 Officer-Norwood Suite 300 Austin, TX 78701 Promotional Austin, TX 78701 Products, Inc. - -------------------------------------------------------------------------------------------------------------------- John Finnell 106 E. 6th Street Senior Vice 106 E. 6th Street U.S.A. Suite 300 President Suite 300 Austin, TX 78701 Performance Austin, TX 78701 Enhancement- Norwood Promotional Products, Inc. - -------------------------------------------------------------------------------------------------------------------- George Bell Strob 19923 Encino Grove President-Radio 615 Perez Street U.S.A. San Antonio, TX 78259 Cap Company San Antonio, TX 78207 - -------------------------------------------------------------------------------------------------------------------- Debra Ann Strob 19923 Encino Grove U.S.A. San Antonio, TX 78259 N/A N/A - -------------------------------------------------------------------------------------------------------------------- Brian P. Miller 3533 Ridgewood Dr. Plant Manager- 2300 Palmer Street U.S.A. Pittsburgh, PA 15235 Radio Cap Company Pittsburgh, PA 15218 - -------------------------------------------------------------------------------------------------------------------- Paul W. Larson 2135 Encino Loop Vice President 615 Perez Street U.S.A. San Antonio, TX Operations-Radio San Antonio, TX 78207 78259 Cap Company - -------------------------------------------------------------------------------------------------------------------- James Preston 38 Fair Oaks Chief Executive 615 Perez Canadian St. Louis, MO 63124 Officer-Radio San Antonio, TX 78207 Cap Company - -------------------------------------------------------------------------------------------------------------------- Brenda Preston 38 Fair Oaks Canadian St. Louis, MO 63124 N/A N/A - -------------------------------------------------------------------------------------------------------------------- Russell A. Devereau 40 Kenney Dr. President-Artmold 40 Kenney Dr. U.S.A. Cranston, RI 92829 Products Cranston, RI 92829 Corporation - -------------------------------------------------------------------------------------------------------------------- Michael Linderman 106 E. 6th Street Executive Vice 106 E. 6th Street U.S.A. Suite 300 President-Product Suite 300 Austin, TX 78701 Development- Austin, TX 78701 Norwood Promotional Products, Inc. - -------------------------------------------------------------------------------------------------------------------- David Kagel 8700 Bellanca Ave. President-Barlow 8700 Bellanca Ave. U.S.A. Los Angeles, CA 90045 Promotional Los Angeles, CA 90045 Products, Inc. - -------------------------------------------------------------------------------------------------------------------- J. Max Waits 2149 NW 135th Street General Manager- 214 SW Jackson Street U.S.A. Clive, IA 50325 Air-Tex Des Moines, IA 50315 Corporation - -------------------------------------------------------------------------------------------------------------------- John H. Josephson c/o Allen & Co. Inc. Investment Banker c/o Allen & Co. Inc. U.S.A. 711 Fifth Avenue 711 Fifth Avenue New York, New York New York, New York 10022 10022 - --------------------------------------------------------------------------------------------------------------------
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