-----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, IdYIujH81eg0AQRzPXNYZVc4hYOXx99y8PBCBUKIWHu/Ftl8y3uStMh22fqrUnGo G1S0XSBPpgTznNJvm8njew== 0000950136-99-001517.txt : 19991129 0000950136-99-001517.hdr.sgml : 19991129 ACCESSION NUMBER: 0000950136-99-001517 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991126 GROUP MEMBERS: EURONA FOUNDATION GROUP MEMBERS: KI CORP LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROFIT RECOVERY GROUP INTERNATIONAL INC CENTRAL INDEX KEY: 0001007330 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 582213805 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-48923 FILM NUMBER: 99764788 BUSINESS ADDRESS: STREET 1: 2300 WINDY RIDGE PKWY STREET 2: STE 100 N CITY: ATLANTA STATE: GA ZIP: 30339-8426 BUSINESS PHONE: 7707793900 MAIL ADDRESS: STREET 1: 2300 WINDY RIDGE PKWY STREET 2: STE 100 NORTH CITY: ATLANTA STATE: GA ZIP: 30339-8426 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KI CORP LTD CENTRAL INDEX KEY: 0001094063 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O SALISBURY HOUSE STREET 2: 1-9 UNION STREET CITY: ST HELIER STATE: U8 ZIP: 00000 SC 13D/A 1 AMENDMENT TO SCHEDULE 13D Securities and Exchange Commission Washington, D.C. 20549 SCHEDULE 13D/A-1 Under the Securities Exchange Act of 1934 Amendment No. 1 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) The Profit Recovery Group International, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 743 168 106 - -------------------------------------------------------------------------------- (CUSIP Number) Nathan Kirsh Natex Village Ezulwini Swaziland - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 1, 1999 - -------------------------------------------------------------------------------- (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. [ ] Page 1 of 7 - -------------------------- -------------------------- CUSIP No.: 743 168 106 13D - -------------------------- -------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. ID NO. OF ABOVE PERSON Ki Corporation Ltd - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [ ] TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Liberia - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 2,210,191 - -------------------------------------------------------------------------------- BENEFICIALLY SHARED VOTING POWER 0 OWNED - -------------------------------------------------------------------------------- BY EACH SOLE DISPOSITIVE POWER REPORTING 2,210,191 - -------------------------------------------------------------------------------- PERSON SHARED DISPOSITIVE POWER 0 WITH - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,210,191 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Page 2 of 7 - -------------------------- -------------------------- CUSIP No.: 743 168 106 13D - -------------------------- -------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. ID NO. OF ABOVE PERSON Eurona Foundation - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [ ] TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Liechtenstein - -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER SHARES 48,600 - -------------------------------------------------------------------------------- BENEFICIALLY SHARED VOTING POWER 0 OWNED - -------------------------------------------------------------------------------- BY EACH SOLE DISPOSITIVE POWER REPORTING 48,600 - -------------------------------------------------------------------------------- PERSON SHARED DISPOSITIVE POWER 0 WITH - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 48,600 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Page 3 of 7 This Amendment No. 1, which amends and supplements Item 5 of the Schedule 13D filed with the United States Securities and Exchange Commission on August 19, 1999, is being filed by Ki Corporation Ltd and Eurona Foundation. The purpose of this amendment is to report the sale of 488,000 shares of Common Stock of The Profit Recovery Group International, Inc. by Ki Corporation Ltd. Capitalized terms used but not defined herein have the meanings ascribed to them in Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The Company's definitive proxy statement, filed with the Securities and Exchange Commission on August 27, 1999, relating to the Special Meeting of Stockholders of the Company to be held on September 30, 1999, states that, as of August 2, 1999, there were 41,320,247 shares of Common Stock outstanding. On August 19, 1999, the Company issued 6,114,375 shares of Common Stock in connection with the acquisition of the issued share capital and other equity interests of Meridian. On August 31, 1999, in connection with the acquisition of substantially all of the assets of PRS International, Ltd. ("PRS"), the Company issued 1,113,043 unregistered shares of the Company's common stock to the former owners of PRS. The shares of Common Stock referred to in the preceding two sentences of this paragraph (a) were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended. The percentages set forth in this Item 5(a) were derived using the sum of such numbers. As of November 16, 1999, Ki Corporation Ltd is the beneficial owner of 2,210,190 shares of Common Stock, which constitute approximately 4.6% of the outstanding shares of Common Stock, and Eurona Foundation is the beneficial owner of 48,600 shares of Common Stock, which constitute approximately 0.1% of the outstanding shares of Common Stock No shares of Common Stock are beneficially owned by any of the persons listed on Annex A. (b) Each of Ki Corporation Ltd and Eurona Foundation has sole power to vote and to dispose of the shares of Common Stock owned by it. (c) In a series of sales transactions between October 26, 1999 and November 12, 1999 listed below, Ki Corporation Ltd sold 488,000 shares of Common Stock of the Company at an average price of $40.07 per share. As of November 1, 1999, Ki Corporation Ltd had sold a total of 325,000 shares, which reduced the percentage of the Common Stock of the Company owned by Ki Corporation below 5%. As of November 12, 1999, Ki Corporation had sold a total of 488,000 shares, which constituted a disposition of more than 1% of the class of securities. These sales were arranged through BancBoston Robertson Stephens with RBC Dominion Securities (Royal Bank of Canada) being the purchaser. Page 4 of 7 Date Number of Shares Sold Price Per Share ---- --------------------- --------------- 10/26/99 40,000 $41.6250 10/26/99 10,000 41.6875 10/28/99 5,000 39.5000 10/28/99 5,000 40.7500 10/28/99 5,000 40.3125 10/29/99 20,000 40.0000 10/29/99 30,000 40.1250 10/29/99 40,000 40.3750 10/29/99 20,000 40.5000 10/29/99 10,000 40.6250 10/29/99 20,000 40.6875 10/29/99 10,000 40.8125 10/29/99 10,000 41.0000 10/29/99 15,000 41.1875 10/29/99 15,000 41.4375 10/29/99 5,000 41.5000 11/01/99 15,000 41.8125 11/01/99 15,000 41.8750 11/01/99 10,000 41.9375 11/01/99 10,000 42.0625 11/01/99 10,000 42.1875 11/01/99 5,000 42.3125 11/03/99 20,000 42.0000 11/03/99 5,000 42.2500 11/03/99 5,000 42.3125 11/03/99 10,000 42.4375 11/03/99 10,000 42.6250 11/03/99 10,000 43.0000 11/03/99 5,000 43.1250 11/03/99 35,000 43.2500 11/03/99 10,000 43.3750 11/04/99 15,000 43.5000 11/04/99 5,000 43.5625 11/05/99 20,000 43.5000 11/05/99 5,000 43.7500 11/12/99 8,000 40.4375 -------- -------- 488,000 $40.0700 Page 5 of 7 (d) Of the 2,210,190 shares of Common Stock beneficially owned by Ki Corporation Ltd and the 48,600 shares of Common Stock beneficially owned by Eurona Foundation, 269,819 shares and 4,859 shares, respectively (the "Escrow Shares"), are subject to the Indemnity Escrow and Stock Pledge Agreement, dated 19 August 1999, among the Company, the Vendors, Mr. Nathan Kirsh (as the Vendors' representative) and First Union National Bank, as escrow agent (the "Escrow Agreement"). The Escrow Agreement provides that the Escrow Shares shall form part of the escrow account held by the escrow agent to satisfy potential warranty and indemnity claims under the Sale and Purchase Agreement in respect of which a determination is made during the period August 19, 1999 through August 19, 2000. During such period, any dividends paid on the Escrow Shares and any proceeds of sale from the Escrow Shares shall be deposited into the escrow account and shall be held by the escrow agent subject to the provisions of the Escrow Agreement. (e) Not applicable. Page 6 of 7 SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: November 26, 1999 KI CORPORATION LTD By: /s/ Myra A. Salkinder -------------------------------- Name: MYRA A. SALKINDER Title: Director EURONA FOUNDATION By: /s/ Nathan Kirsh -------------------------------- Name: NATHAN KIRSH Title: Foundation Council Member Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----