-----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, IB1fkVDS0BPpK1SaP/BBnQtlM7caMOYq8UdnPojH/WNN3RwtJjBqhZ7lNDM0l9Eu JH1sWVKiTvZc8SPYKA3MVQ== 0000922423-98-000221.txt : 19980218 0000922423-98-000221.hdr.sgml : 19980218 ACCESSION NUMBER: 0000922423-98-000221 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GT INTERACTIVE SOFTWARE CORP CENTRAL INDEX KEY: 0001002607 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133689915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-47017 FILM NUMBER: 98543196 BUSINESS ADDRESS: STREET 1: 16 EAST 4OTH ST CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2127266500 MAIL ADDRESS: STREET 1: 16 EAST 40TH ST CITY: NEW YORK STATE: NY ZIP: 10016 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAYRE STANLEY ET AL CENTRAL INDEX KEY: 0001008183 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 16 EAST 40TH STREET CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2129513000 MAIL ADDRESS: STREET 2: 16 EAST 40TH TSREET CITY: NY STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: CAYRE STANLEY ET AL DATE OF NAME CHANGE: 19960217 SC 13G/A 1 AMENDMENT NO. 2 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------- Amendment No. 2 to SCHEDULE 13G (Rule 13d-102) INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 GT Interactive Software Corp. ----------------------------- (Name of Issuer) Common Stock, $.01 par value ------------------------------ (Title of Class of Securities) 36236E 10 9 -------------- (CUSIP Number) ---------- Page 1 of 23 Pages Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 2 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stanley Cayre - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 3,525,595 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 3,525,595 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,525,595 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.6% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- -2- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 3 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 114,658 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 114,658 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 114,658 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.2% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -3- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 4 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 1,384,848 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 1,384,848 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,384,848 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.0% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -4- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 5 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 1,376,848 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 1,376,848 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,376,848 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.0% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -5- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 6 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 679,658 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 679,658 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,658 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.0% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -6- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 7 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 679,658 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 679,658 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,658 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.0% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -7- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 8 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 679,658 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 679,658 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 679,658 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.0% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -8- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 9 of 23 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Stanley and Frieda Cayre Foundation Inc. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 503,000 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 503,000 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 503,000 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.7% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- -9- Item 1(a). Name of Issuer: GT Interactive Software Corp. Item 1(b). Address of Issuer's Principal Executive Offices: 417 Fifth Avenue, New York, NY 10016 Item 2(a). Name of Person Filing: Stanley Cayre Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda Cayre, Trustee Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee The Stanley and Frieda Cayre Foundation Inc. Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business office of each of Stanley Cayre, Stanley Cayre Grantor Retained Annuity Trust, Jack S. Cayre Irrevocable Grantor Trust, Amin Cayre Irrevocable Grantor Trust, David Cayre Irrevocable Grantor Trust, Robert Cayre Irrevocable Grantor Trust, Grace S. Cayre Irrevocable Grantor Trust and The Stanley and Frieda Cayre Foundation Inc. is c/o 417 Fifth Avenue, New York, NY 10016. Item 2(c). Citizenship: Stanley Cayre: United States of America Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda Cayre, Trustee: New York Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: New York Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: New York David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: New York Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: New York Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: New York -10- The Stanley and Frieda Cayre Foundation Inc.: Delaware Item 2(d). Title of Class of Securities: Common Stock, $.01 par value (the "Common Stock") Item 2(e). CUSIP Number: 36236E 10 9 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not applicable Item 4. Ownership. Stanley Cayre: (a) Amount beneficially owned: 3,525,595 shares (b) percent of class: 5.6% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 3,525,595 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 3,525,595 (iv) Shared power to dispose or to direct the disposition of Not Applicable Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda Cayre, Trustee: (a) Amount beneficially owned: 114,658 shares (b) percent of class: 0.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 114,658 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 114,658 (iv) Shared power to dispose or to direct the disposition of Not Applicable Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: (a) Amount beneficially owned: 1,384,848 shares (b) percent of class: 2.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 1,384,848 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 1,384,848 (iv) Shared power to dispose or to direct the disposition of Not Applicable -11- Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: (a) Amount beneficially owned: 1,376,848 shares (b) percent of class: 2.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 1,376,848 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 1,376,848 (iv) Shared power to dispose or to direct the disposition of Not Applicable David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: (a) Amount beneficially owned: 679,658 shares (b) percent of class: 1.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 679,658 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 679,658 (iv) Shared power to dispose or to direct the disposition of Not Applicable Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: (a) Amount beneficially owned: 679,658 shares (b) percent of class: 1.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 679,658 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 679,658 (iv) Shared power to dispose or to direct the disposition of Not Applicable Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee: (a) Amount beneficially owned: 679,658 shares (b) percent of class: 1.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 679,658 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 679,658 (iv) Shared power to dispose or to direct the disposition of Not Applicable -12- The Stanley and Frieda Cayre Foundation Inc.: (a) Amount beneficially owned: 503,000 shares (b) percent of class: 0.7% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 503,000 (ii) Shared power to vote or to direct the vote Not Applicable (iii) Sole power to dispose or to direct the disposition of 503,000 (iv) Shared power to dispose or to direct the disposition Not Applicable Stanley Cayre is the beneficiary of the reporting Grantor Retained Annuity Trust (the "GRAT"). The beneficiaries of the reporting Irrevocable Grantor Trusts (together with the GRAT, the "Trusts") are children of Stanley and Frieda Cayre. Frieda Cayre, the wife of Stanley Cayre, is the trustee of the Trusts. The Stanley and Frieda Cayre Foundation Inc. (the "Foundation") is a charitable foundation whose sole trustees are Stanley and Frieda Cayre. The filing of this Schedule 13G shall not be construed as an admission that Stanley Cayre is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any of the Common Stock held by the Irrevocable Grantor Trusts or the Foundation. Item 5. Ownership of Five Percent or Less of a Class. Not applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable Item 8. Identification and Classification of Members of the Group. See Exhibit 1, Agreement of joint filing pursuant to Rule 13d(1)-f promulgated under the Securities Exchange Act of 1934. Item 9. Notice of Dissolution of Group. Not applicable Item 10. Certification. Not applicable -13- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 /s/ Stanley Cayre ----------------------------------------- Stanley Cayre -14- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre -------------------------------------- Frieda Cayre Title: Trustee -15- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre ------------------------------------- Frieda Cayre Title: Trustee -16- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre ------------------------------------ Frieda Cayre Title: Trustee -17- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre --------------------------------------- Frieda Cayre Title: Trustee -18- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre ----------------------------------- Frieda Cayre Title: Trustee -19- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre -------------------------------------- Frieda Cayre Title: Trustee -20- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 17, 1998 The Stanley and Frieda Cayre Foundation Inc. By: /s/ Frieda Cayre ------------------------------- Frieda Cayre Title: Trustee -21- EXHIBIT 1 AGREEMENT OF JOINT FILING Pursuant to Rule 13d-1(f) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13G (the "Statement") to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 17, 1998. /s/ Stanley Cayre -------------------------------------------- Stanley Cayre Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre --------------------------- Frieda Cayre Title: Trustee Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre --------------------------- Frieda Cayre Title: Trustee Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre --------------------------- Frieda Cayre Title: Trustee David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre -------------------------------- Frieda Cayre Title: Trustee Exhibit 1 - page 1 Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre --------------------------- Frieda Cayre Title: Trustee Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee By: /s/ Frieda Cayre --------------------------- Frieda Cayre Title: Trustee The Stanley and Frieda Cayre Foundation Inc. By: /s/ Frieda Cayre --------------------------- Frieda Cayre Title: Trustee Exhibit 1 - page 2 -----END PRIVACY-ENHANCED MESSAGE-----