-----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, Sb4BKQAO+OTkzaQMEFzCnqZnMJSEklyiuHTAMHkiYxF21EDaOhCMEAFQYxz8I0rW wZeLqAMZ4PmlYh4CixG4fw== 0001193125-07-273002.txt : 20071228 0001193125-07-273002.hdr.sgml : 20071228 20071228170321 ACCESSION NUMBER: 0001193125-07-273002 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20071228 DATE AS OF CHANGE: 20071228 GROUP MEMBERS: DISCOVERY COMMUNICATIONS HOLDING, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HSW International, Inc. CENTRAL INDEX KEY: 0001368365 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 331135689 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83188 FILM NUMBER: 071332490 BUSINESS ADDRESS: STREET 1: 3350 PEACHTREE ROAD STREET 2: SUITE 1500 CITY: ATLANTA STATE: GA ZIP: 30326 BUSINESS PHONE: (404) 364-5823 MAIL ADDRESS: STREET 1: 3350 PEACHTREE ROAD STREET 2: SUITE 1500 CITY: ATLANTA STATE: GA ZIP: 30326 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HowStuffWorks, Inc. CENTRAL INDEX KEY: 0001414245 IRS NUMBER: 562161028 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE CAPITAL CITY PLAZA STREET 2: 3350 PEACHTREE ROAD, SUITE 1500 CITY: ATLANTA STATE: GA ZIP: 30326 BUSINESS PHONE: (404)760-4347 MAIL ADDRESS: STREET 1: ONE CAPITAL CITY PLAZA STREET 2: 3350 PEACHTREE ROAD, SUITE 1500 CITY: ATLANTA STATE: GA ZIP: 30326 SC 13D/A 1 dsc13da.htm SCHEDULE 13D AMENDMENT NO.2 Schedule 13D Amendment No.2

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

 

HSW INTERNATIONAL, INC.

(Name of Issuer)

 

Common Stock, Par Value $0.001 Per Share

(Title of Class of Securities)

 

40431N 10 4

(CUSIP Number)

 

Christina Wadyka, Esq.

Discovery Communications Holding, LLC

One Discovery Place

Silver Spring, MD 20910

(240) 662-5562

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 17, 2007

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 for other parties to whom copies are to be sent.

 

* 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 (“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. 40431N 10 4

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only)

 

                HowStuffWorks, Inc.

                56-2161028

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  x

   
  3.  

SEC Use Only

 

   
  4.  

Source of Funds (See Instructions)

 

                OO

   
  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ¨
  6.  

Citizenship or Place of Organization

 

                Delaware

   

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

  7.    Sole Voting Power

 

                0 shares

 

  8.    Shared Voting Power

 

                23,440,727 shares (See Note 1 below)

 

  9.    Sole Dispositive Power

 

                0 shares

 

10.    Shared Dispositive Power

 

                23,440,727 shares (See Note 1 below)

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

                23,440,727 shares (See Note 1 below)

   
12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ¨
13.  

Percent of Class Represented by Amount in Row (11)

 

                47.0% (See Note 1 below)

   
14.  

Type of Reporting Person (See Instructions)

 

                CO

   

Note 1: Includes a warrant to purchase 500,000 shares of HSW International, Inc. Common Stock, as described in Item 6 below.

 

2


CUSIP No. 40431N 10 4

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only)

 

                Discovery Communications Holding, LLC

                52-1737252

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  x

   
  3.  

SEC Use Only

 

   
  4.  

Source of Funds (See Instructions)

 

                OO

   
  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ¨
  6.  

Citizenship or Place of Organization

 

                Delaware

   

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

  7.    Sole Voting Power

 

                0 shares

 

  8.    Shared Voting Power

 

                23,440,727 shares (See Note 1 below)

 

  9.    Sole Dispositive Power

 

                0 shares

 

10.    Shared Dispositive Power

 

                23,440,727 shares (See Note 1 below)

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

                23,440,727 shares (See Note 1 below)

   
12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ¨
13.  

Percent of Class Represented by Amount in Row (11)

 

                47.0% (See Note 1 below)

   
14.  

Type of Reporting Person (See Instructions)

 

                OO

   

Note 1: Includes a warrant to purchase 500,000 shares of HSW International, Inc. Common Stock, as described in Item 6 below.

 

3


This Amendment No. 2 to Schedule 13D is being filed jointly by HowStuffWorks, Inc. (“HSW”) and Discovery Communications Holding, LLC (“Holding”). On December 17, 2007, HSW became a wholly owned subsidiary of Discovery Communications, LLC (“Discovery”), which is a wholly owned subsidiary of Holding, as a result of the consummation of the transactions contemplated by the HSW Merger Agreement described in Item 4 below. As a result, Holding may be deemed to beneficially own indirectly the shares of the common stock, $0.001 par value (the “Common Stock”) of HSW International, Inc., a Delaware corporation (“HSWI”), beneficially owned by HSW.

The Schedule 13D filed by HSW on October 2, 2007, as amended and supplemented by Amendment No. 1 filed on October 14, 2007, is hereby amended and supplemented by HSW and Holding as set forth below in this Amendment No. 2.

 

Item 2. Identity and Background

Item 2 is amended by deleting the first sentence thereof and replacing it with the following:

(a)-(c); (f) This Statement is jointly filed by HSW and Holding. Holding is a Delaware limited liability company whose principal address is One Discovery Place, Silver Spring, MD 20910. It is the holding company of Discovery, a non-fiction media company.

Item 2 is further amended by adding the following after the second paragraph thereof:

The name; business address; present principal occupation or employment; name, principal business and address of any corporation or other organization in which such employment is conducted; and citizenship of each executive officer and director of Holding is set forth in Annex I attached hereto.

Item 2 is further amended by adding the following at the end thereof:

During the past five years, neither Holding nor, to the best knowledge of Holding, any of its executive officers or directors, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject 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

Item 3 is amended by adding the following at the end thereof:

Holding may be deemed to have acquired indirect beneficial ownership of shares of the

 

4


Common Stock when Discovery, a wholly owned subsidiary of Holding, acquired HSW pursuant to the HSW Merger Agreement. The cash merger consideration of $250 million, subject to adjustments, was funded with bank borrowings.

 

Item 4. Purpose of Transaction

Item 4 is amended by adding the following to the end of the first paragraph thereof:

Except as described herein, neither Holding nor, to Holding’s knowledge, any of Holding’s executive officers and directors named on Annex I hereto has any present plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Item 4 is further amended by deleting the first sentence of the second paragraph thereof and replacing it with the following:

On October 14, 2007, HSW, the largest stockholder of HSWI, entered into the Agreement and Plan of Merger, as amended on November 12, 2007 and December 13, 2007 (the “HSW Merger Agreement”) with Discovery, pursuant to which HSW would become a wholly owned subsidiary of Discovery (the “HSW Merger”), which is a wholly owned subsidiary of Holding.

Item 4 is further amended by adding the following to the end of the third paragraph thereof:

Following the consummation of the HSW Merger (i) Wei Zhou and Thomas Tull resigned from the board of directors of HSWI, (ii) Bruce Campbell and Arthur Kingsbury were added to the board of directors of HSWI and (iii) HSW designated Jeffrey T. Arnold, Bruce Campbell and Arthur Kingsbury as its three designees on the board of directors of HSWI.

Item 4 is further amended by deleting the last paragraph thereof and replacing it with the following:

The transactions contemplated by the HSW Merger Agreement were consummated on December 17, 2007. As a result of such transaction, HSW became a wholly owned subsidiary of Discovery, which is a wholly owned subsidiary of Holding.

The description of the HSW Merger contained herein does not purport to be complete and is qualified in its entirety by reference to the HSW Merger Agreement and the amendments thereto, filed as Exhibits 7.2, 7.3 and 7.4, respectively, hereto.

 

5


Item 5. Interest in Securities of the Issuer

Item 5 is amended by replacing the second sentence of (a)-(b) thereof with the following:

Subject to the terms of the Stockholders Agreement as amended in connection with the HSW Merger, HSW has sole voting and dispositive power over 23,440,727 shares of Common Stock, all of which are held directly. See Item 6 below for a more detailed description of the terms of the amendments to the Stockholders Agreement and HSW’s voting rights.

Item 5 is further amended by adding the following to the end of (a)-(b) thereof:

As a result of the consummation of the transactions contemplated by the HSW Merger Agreement, Holding may be deemed to have indirect beneficial ownership over 23,440,727 shares of the Common Stock, all of which shares are held directly by HSW. As a result, subject to the terms of the Stockholders Agreement as amended in connection with the HSW Merger, Holding may be deemed to have shared power to vote or direct the vote of and to dispose of or direct the disposition of 23,440,727 shares of the Common Stock.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 is amended by adding the following at the end thereof:

The information set forth under Item 4 above is incorporated herein by reference.

The HSW Merger has been consummated and the amendments to the Stockholders Agreement became effective as of the consummation of the HSW Merger.

 

Item 7. Material to Be Filed as Exhibits

The disclosure in Item 7 is hereby amended by amending and restating Annex 1 to read in its entirety as Annex 1 attached hereto and to add Exhibits 7.4 and 7.5.

 

Exhibit
Number

 

Description

7.4

  Second Amendment to Agreement and Plan of Merger by and among HowStuffWorks, Inc., HSW MergerSub, Inc., Discovery Communications, LLC and the HSW Stockholders’ Representative, dated as of December 13, 2007.

7.5

  Joint Filing Agreement

 

6


Signatures

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: December 28, 2007     HowStuffWorks, Inc.
    By:  

/s/ Jeff Arnold

    Name:   Jeffrey Todd Arnold
    Title:   President and Treasurer
Date: December 28, 2007     Discovery Communications Holding, LLC
    By:  

/s/ Christiana Wadyka

    Name:   Christiana Wadyka
    Title:   Senior Vice President & Assistant Secretary

 

7


EXHIBIT INDEX

 

Exhibit
Number

  

Description

7.4

   Second Amendment to Agreement and Plan of Merger by and among HowStuffWorks, Inc., HSW MergerSub, Inc., Discovery Communications, LLC and the HSW Stockholders’ Representative, dated as of December 13, 2007.

7.5

   Joint Filing Agreement

 

8


ANNEX I

The following table sets forth the name, residence or business address and present principal occupation or employment of each director and executive officer of HowStuffWorks, Inc.

 

Name and Business Address

  

Present Principal

Occupation or Employment

  

Present Role at HowStuffWorks, Inc.

  

Citizenship

Jeffrey T. Arnold

HowStuffWorks, Inc.

3350 Peachtree Road, Suite 1500

Atlanta, GA 30326

   President and Treasurer, HowStuffWorks, Inc.    President and Treasurer, HowStuffWorks, Inc.    USA

Bruce Campbell

Discovery Communications, LLC

850 Third Avenue

New York, NY 10022

   President, Digital Media, Business Development and Emerging Networks, Discovery Communications, LLC    Director, Executive Vice President and Secretary, HowStuffWorks, Inc.    USA

Mark Hollinger

Discovery Communications, LLC

One Discovery Place

Silver Spring, MD 20910

   Senior Executive Vice President, Corporate Operations, General Counsel, Discovery Communications, LLC    Director, HowStuffWorks, Inc.    USA

The following table sets forth the name, residence or business address and present principal occupation or employment of each member and executive officer of Discovery Communications Holding, LLC.

 

Name and Business Address

  

Present Principal

Occupation or Employment

  

Present Role at Discovery
Communications Holding, LLC

  

Citizenship

Bruce Campbell

Discovery Communications, LLC

850 Third Avenue

New York, NY 10022

   President, Digital Media, Business Development and Emerging Networks, Discovery Communications, LLC    Executive Vice President, Discovery Communications Holding, LLC    USA

Mark Hollinger

Discovery Communications, LLC

One Discovery Place

Silver Spring, MD 20910

   Senior Executive Vice President, Corporate Operations, General Counsel, Discovery Communications, LLC    President & Secretary, Discovery Communications Holding, LLC    USA

J. Michael Suffredini

Discovery Communications Holding, LLC

One Discovery Place

Silver Spring, MD 20910

   Senior Vice President & Treasurer, Discovery Communications Holding, LLC    Senior Vice President & Treasurer, Discovery Communications Holding, LLC    USA

Christina Wadyka

Discovery Communications, LLC

One Discovery Place

Silver Spring, MD 20910

   Senior Vice President, Discovery Communications, LLC    Senior Vice President & Assistant Secretary, Discovery Communications Holding, LLC    USA

 

9


Eugenia Collis

Discovery Communications Holding, LLC

One Discovery Place

Silver Spring, MD 20910

   Vice President & Assistant Treasurer, Discovery Communications Holding, LLC    Vice President & Assistant Treasurer, Discovery Communications Holding, LLC    USA

LMC Discovery, Inc.

12300 Liberty Boulevard

Englewood, CO 80112

      Member    USA

Advance/Newhouse Programming Partnership

5000 Campuswood Drive

East Syracuse, NY 13057

      Member    USA

 

10

EX-7.4 2 dex74.htm SECOND AMENDMENT TO AGREEMENT AND PLAN OF MERGER Second Amendment to Agreement and Plan of Merger

Exhibit 7.4

SECOND AMENDMENT TO

AGREEMENT AND PLAN OF MERGER

This Second Amendment (this “Amendment”), dated December 13, 2007, to the Agreement and Plan of Merger, dated as of October 14, 2007, as amended November 12, 2007 (the “Merger Agreement”), by and among HowStuffWorks, Inc., a Delaware corporation (the “Company”), Discovery Communications, LLC, a Delaware limited liability company (“Discovery”), HSW Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Discovery, and Michael P. Ring, as HSW Stockholders’ Representative (collectively, the “Parties”), is entered into by and among the Parties. Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Merger Agreement.

WHEREAS, on October 14, 2007, the Parties entered into the Merger Agreement;

WHEREAS, on November 12, 2007, the Parties entered into First Amendment to the Merger Agreement;

WHEREAS, the Parties wish to amend the Merger Agreement on the terms set forth herein.

NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby amend the Merger Agreement as follows:

1. Subsection (a) of Section 2.9 of the Merger Agreement shall be deleted from the Merger Agreement and the following shall be substituted in replacement thereof:

“(a) To the Paying Agent for distribution to the Former Company Stockholders (including the Dissenting Stockholders), in accordance with Section 2.11, (i) the Closing Aggregate Merger Consideration minus (ii) the Options Closing Consideration minus (iii) the aggregate exercise price of all Company Options, minus (iv) the aggregate Pro Rata Percentage with respect to the Former Company Stockholders of (w) the Holdback Amount, (x) the GeoNova Holdback Amount, (y) the Intercompany Holdback Amount, if any, and (z) the HSW Stockholders’ Representative Escrow Amount;”

 

1


2. The following Subsection (f) shall be added to Section 2.9 of the Merger Agreement:

“(f) To the Company for distribution to the holders of Company Options, an amount equal to the Options Closing Consideration minus the aggregate Pro Rata Percentage with respect to all Company Options of (w) the Holdback Amount, (x) the GeoNova Holdback Amount, (y) the Intercompany Holdback Amount, if any, and (z) the HSW Stockholders’ Representative Escrow Amount; provided that such amount shall be paid to the Company within seven days of the Closing.”

3. Subsection (i) of Section 2.11(f) of the Merger Agreement shall be deleted from the Merger Agreement and the following shall be substituted in replacement thereof:

“(i) payment of the Per Share Merger Consideration to each holder of Common Stock or Company Option will be reduced by such holder’s Pro Rata Percentage of the Holdback Amount, the GeoNova Holdback Amount, the Intercompany Holdback Amount and the HSW Stockholders’ Representative Escrow Amount and”

4. The final sentence of Section 9.2(b) of the Merger Agreement shall be deleted from the Merger Agreement and the following shall be substituted in replacement thereof:

“For the avoidance of doubt, the HSW Stockholders’ Representative Escrow Fund and the portion of the Options Closing Consideration not deposited into the HSW Escrow Fund, the GeoNova Escrow Fund, the Intercompany Escrow Fund or the HSW Stockholders’ Representative Escrow Fund will not be available to satisfy claims of the Discovery Indemnified Parties under this Article IX or Article VI.”

5. Full Force and Effect. Except to the extent modified herein, all of the terms and conditions of the Merger Agreement, as heretofore in effect, shall remain in full force and effect, and, as modified hereby, all of the terms and conditions of the Merger Agreement are hereby ratified and confirmed in all respects.

 

2


6. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute one and the same instrument.

7. Governing Law. This Amendment shall be governed and construed in accordance with the laws of the State of Delaware without reference to the conflicts of law principles thereof.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

3


IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to the Merger Agreement, acting by their duly authorized agents, to be executed as of the date first above written.

 

DISCOVERY COMMUNICATIONS, LLC
By:  

/s/ Bruce Campbell

Name:   Bruce Campbell
Title:   President, Digital Media, Emerging Networks & Business Development
HSW MERGERSUB, INC.
By:  

/s/ Bruce Campbell

Name:   Bruce Campbell
Title:   President

 

1


HOWSTUFFWORKS, INC.
By:  

/s/ Jeff Arnold

Name:    Jeff Arnold
Title:   CEO
HSW STOCKHOLDERS’ REPRESENTATIVE
By:  

/s/ Michael P. Ring

Name:   Michael P. Ring

 

2

EX-7.5 3 dex75.htm JOINT FILING AGREEMENT Joint Filing Agreement

EXHIBIT 7.5

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned agree that Amendment No. 2 to the Statement on Schedule 13D to which this exhibit is attached is filed on behalf of each of them.

 

Discovery Communications Holding, LLC

By:

 

/s/ Christina Wadyka

Name:

 

Christina Wadyka

Title:

 

Senior Vice President & Assistant Secretary

HowStuffWorks, Inc.

By:

 

/s/ Jeff Arnold

Name:

 

Jeff Arnold

Title:

 

President and Treasurer

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