-----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, JztKNqVD1QNJwe3vZCZVgOo3tVcupdud6PQq+a4NV1Fab6pWcFS89OMxxWCE48+A EyiGc/JcFYfAQsflQc8AFw== 0000950136-99-001551.txt : 19991208 0000950136-99-001551.hdr.sgml : 19991208 ACCESSION NUMBER: 0000950136-99-001551 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991207 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: 99769791 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 NO. 2 TO SCHEDULE 13D Securities and Exchange Commission Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 2 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 - ------------------------------------------------------------------------------- SOLE VOTING POWER 2,210,191 NUMBER OF --------------------------------------------------- SHARES SHARED VOTING POWER 0 BENEFICIALLY OWNED --------------------------------------------------- BY EACH SOLE DISPOSITIVE POWER REPORTING 2,210,191 PERSON WITH --------------------------------------------------- SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- SOLE VOTING POWER 48,600 NUMBER OF --------------------------------------------------- SHARES SHARED VOTING POWER 0 BENEFICIALLY OWNED --------------------------------------------------- BY EACH SOLE DISPOSITIVE POWER REPORTING 48,600 PERSON WITH --------------------------------------------------- SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 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. 2 amends and supplements Item 5 of the Schedule 13D filed with the United States Securities and Exchange Commission on August 19, 1999 by Ki Corporation Ltd and Eurona Foundation, as amended by Amendment 1. 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 three 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 $40.0641 10/26/99 10,000 40.1242 10/28/99 5,000 38.0188 10/28/99 5,000 39.2219 10/28/99 5,000 38.8008 10/29/99 20,000 38.5000 10/29/99 30,000 38.6203 10/29/99 40,000 38.8609 10/29/99 20,000 38.9813 10/29/99 10,000 39.1016 10/29/99 20,000 39.1617 10/29/99 10,000 39.2820 10/29/99 10,000 39.4625 10/29/99 15,000 39.6430 10/29/99 15,000 39.8836 10/29/99 5,000 39.9438 11/01/99 15,000 40.2445 11/01/99 15,000 40.3047 11/01/99 10,000 40.3648 11/01/99 10,000 40.4852 11/01/99 10,000 40.6055 11/01/99 5,000 40.7258 11/03/99 20,000 40.4250 11/03/99 5,000 40.6656 11/03/99 5,000 40.7258 11/03/99 10,000 40.8461 11/03/99 10,000 41.0266 11/03/99 10,000 41.3875 11/03/99 5,000 41.5078 11/03/99 35,000 41.6281 11/03/99 10,000 41.7484 11/04/99 15,000 41.8688 11/04/99 5,000 41.9289 11/05/99 20,000 41.8688 11/05/99 5,000 42.1094 11/12/99 8,000 38.9211 -------- -------- 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: December 7, 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-----