SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 3)(1)
E-Z-Em, Inc.
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(Name of issuer)
Class A Common Stock, par value $0.10 per share
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(Title of class of securities)
269305207
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(CUSIP Number)
c/o James H. Bell, Esq.
Satterlee Stephens Burke & Burke LLP
230 Park Avenue, 11th Floor
New York, New York 10169; (212) 404-8743
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(Name, address and telephone number of person
authorized to receive notices and communications)
October 22, 2002
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(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (e), 13d-1 (f) or 13d-1 (g), check
the following box [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7 (b) for
other parties to whom copies are to be sent.
(continued on following pages)
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(1) The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
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 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).
Page 1 of 8 Pages
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CUSIP No. 269305207 13D PAGE 2 OF 8 PAGES
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NAME OF REPORTING PERSONS
1 S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Howard S. Stern
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEM 2(d) OR 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
None
NUMBER OF ------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 None shares
OWNED BY ------------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 None
PERSON WITH ------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
N/A
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 Pages
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CUSIP No. 269305207 13D PAGE 3 OF 8 PAGES
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NAME OF REPORTING PERSONS
1 S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Seth F. Stern
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEM 2(d) OR 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
None
NUMBER OF ------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 None shares
OWNED BY ------------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 None
PERSON WITH ------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
None
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8 Pages
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CUSIP No. 269305207 13D PAGE 4 OF 8 PAGES
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NAME OF REPORTING PERSONS
1 S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Rachel Stern Graham
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEM 2(d) OR 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
None
NUMBER OF ------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 None shares
OWNED BY ------------------------------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 None
PERSON WITH ------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
N/A
----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 8 Pages
SCHEDULE 13D
INTRODUCTION.
Howard S. Stern ("HSS"), filed a statement on Schedule 13D with the
Securities and Exchange Commission (the "Commission") on February 14, 1985, with
respect to shares of Class A common stock (the "Class A Common Stock") of the
issuer (the "Initial Statement"), and filed an Amendment No. 1 to Initial
Statement with the Commission on June 13, 2002 (the "First Amendment"). On July
30, 2002, HSS, together with Seth F. Stern ("SFS") and Rachel Stern Graham
("RSG"), filed an Amendment No. 2 to Initial Statement with the Commission (the
"Second Amendment"; and together with the Initial Statement and the First
Amendment, the "Existing Statement"), to disclose, among other things, the
execution and delivery by each of HSS, SFS and RSG (sometimes hereinafter
collectively referred to as the "Stern Family") of an agreement dated as of July
15, 2002 (the "Stockholders' Agreement"), by and among the Company, the members
of the Stern Family and each of David P. Meyers, Jonas I. Meyers, Stuart J.
Meyers, Betty K. Meyers and the Meyers Family Limited Partnership (collectively,
the "Meyers Family"), pertaining to, among other things, the voting and
disposition of shares of capital stock of the Company, inclusive of an agreement
to vote in favor of a plan proposed by the Company's Board of Directors to
combine the Company's outstanding voting Class A Common Stock and nonvoting
Class B common stock into a single class of common stock, as announced by the
Company in a press release issued on July 10, 2002 (the "Reclassification"). The
Reclassification was approved by the stockholders of the Company at its Annual
Meeting of Stockholders held on October 15, 2002, and was consummated on October
22, 2002.
As a result of the Reclassification, (i) none of the members of the
Stern Family owns any shares of Class A Common Stock, thus giving rise to an
obligation to file this final amendment to the Existing Statement to terminate
such filing with respect to the Class A Common Stock and (ii) each of the
members of the Stern Family (assuming, with respect to SFS and RSG, "group"
status as a result of the continued effectiveness of the remaining voting
agreements contained in the Stockholders Agreement; see discussion and
disclaimers below) acquired five percent or more of the new, single class of
common stock, par value $0.10 per share, of the Company, thus giving rise to an
obligation to file a new statement of Schedule 13D with respect to such
securities. Absent "group" status, neither SFS nor RSG would be the beneficial
owner of greater then five percent of the issued and outstanding shares of
Common Stock.
HSS is filing this amendment to the Existing Statement (the "Second
Amendment") to disclose, among other things:
Capitalized terms used herein without definition shall have the
respective meanings ascribed to them in the Existing Statement.
Page 5 of 8 Pages
ITEM 1. SECURITY AND ISSUER.
No change from disclosures made in the Existing Statement, except that,
the current address of the principal executive offices of the Company is 1111
Marcus Avenue, Suite LL-26, Lake Success, New York 11042.
ITEM 2. IDENTITY AND BACKGROUND.
No change from disclosures made in the Existing Statement, except that
the current address for Seth F. Stern is 425 East 76th Street, New York, New
York 10021.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No change from disclosures made in the Existing Statement.
ITEM 4. PURPOSE OF TRANSACTION.
No change from disclosures made in the Existing Statement, except as
set forth below in this Item 4.
The Company effected the Reclassification of its shares of Class A
Common Stock and Class B Common Stock into a single class of Common Stock on
October 22, 2002. In the Reclassification, each outstanding Class A share (with
voting rights) and each outstanding Class B share (generally, without voting
rights) was converted automatically into one share of a newly created class of
voting common stock of the Company. Similarly, in the Reclassification, each
outstanding option to acquire shares of Class B stock was converted
automatically into the right to acquire an equivalent number of shares of the
newly-created Common Stock, at the same exercise price as was applicable to the
original option.
As a result of the consummation of the Reclassification, none of the
Reporting Persons owns any shares of Class A Common Stock, and both the Class A
Common Stock and the Class B Common Stock of the Company were delisted from a
national securities exchange and the registration of the Class A Common Stock of
the Company was terminated pursuant to Section 12(g)(4) of the Act.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Effective upon the consummation of the Reclassification, none of
the Reporting Persons owns any shares of Class A Common Stock and there were no
shares of Class A Common Stock issued and outstanding.
(b) Effective upon the consummation of the Reclassification, none of
the Reporting Persons had power to dispose of (or direct the disposition of) or
the power to vote (or direct the vote of) any shares of Class A Common Stock.
(c) Not applicable.
Page 6 of 8 Pages
(d) Not applicable.
(e) Effective upon the October 22, 2002 consummation of the
Reclassification, each of the Reporting Persons ceased to be the beneficial
owner of any shares of Class A Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
No change from disclosures made in the Existing Statement, except as
set forth below in this Item 6.
As a result of the consummation of the Reclassification, the
Irrevocable Proxy expired pursuant to its terms, and the restrictions on
transfer of shares and all of the voting agreements contained in the
Stockholders' Agreement terminated pursuant to the terms thereof, except for the
reciprocal voting agreements to vote against certain types of shareholder
proposals, which will remain in effect until July 15, 2004.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
No change.
Page 7 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, each of the undersigned hereby certifies that the information set
forth in this statement with respect to him or her is true, complete and
correct.
Dated: September 26, 2003
/s/ HOWARD S. STERN
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Howard S. Stern, Individually
/s/ SETH F. STERN
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Seth F. Stern, Individually
/s/ RACHEL STERN GRAHAM
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Rachel Stern Graham, Individually
Page 8 of 8 Pages