-----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, HUsmkpDPfGnpEoU1l+6U77Dr2EHu/yDuvf1lcy/gsATVz4YUabDHY58Nzm+oh6LT CJ3/tKwQU09DAKbV7e+AmQ== 0000950170-96-000882.txt : 19961004 0000950170-96-000882.hdr.sgml : 19961004 ACCESSION NUMBER: 0000950170-96-000882 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19961003 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZANART ENTERTAINMENT INC CENTRAL INDEX KEY: 0000803352 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL PRINTING [2750] IRS NUMBER: 592716063 STATE OF INCORPORATION: FL FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46829 FILM NUMBER: 96638886 BUSINESS ADDRESS: STREET 1: 7641 BURENT AVE CITY: VAN NUYS STATE: CA ZIP: 91405 BUSINESS PHONE: 8189049797 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FROST PHILLIP MD ET AL CENTRAL INDEX KEY: 0000898860 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4400 BISCAYNE BLVD CITY: MIAMI STATE: FL ZIP: 33137-3227 BUSINESS PHONE: 3055756001 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BLVD CITY: MIAMI STATE: FL ZIP: 33137-3227 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* ZANART ENTERTAINMENT INCORPORATED --------------------------------- (Name of Issuer) COMMON STOCK, $.0001 PAR VALUE --------------------------------- (Title of Class of Securities) 989004-403 (Cusip Number) RICHARD C. PFENNIGER, JR., 4400 BISCAYNE BLVD, MIAMI, FL 33137 (305)575-6000 ---------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) SEPTEMBER 11, 1996 ------------------------------------ (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 which is the subject of the Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ] (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filed 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). (Continued on following page(s)) Page 1 - ---------------------------------------- ------------------------- CUSIP NO. 989004-403 13D PAGE 2 ---------- - ---------------------------------------- ------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PHILLIP FROST, M.D. SS# ###-##-#### - -------------------------------------------------------------------------------- 2 Check the appropriate Box if a Member of a Group (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFI- --------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY 1,458,333 EACH --------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 0 WITH --------------------------------------------------------- 10 SHARES DISPOSITIVE POWER 1,458,333 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,458,333 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.73% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - --------------------------------------- --------------------------- CUSIP NO. 989004-403 13D PAGE 3 ---------- - --------------------------------------- --------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FROST-NEVADA, LIMITED PARTNERSHIP IRS I.D. #59-2749083 - -------------------------------------------------------------------------------- 2 Check the appropriate Box if a Member of a Group (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEVADA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFI- --------------------------------------------------------- CIALLY 8 SHARES VOTING POWER OWNED BY 1,458,333 EACH --------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 0 WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,458,333 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,458,333 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.73% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ------------------------------------- ------------------------------- CUSIP NO. 989004-403 13D PAGE 4 ---------- - ------------------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FROST-NEVADA CORPORATION IRS I.D. #59-2749057 - -------------------------------------------------------------------------------- 2 Check the appropriate Box if a Member of a Group (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEVADA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFI- --------------------------------------------------------- CIALLY 8 SHARED VOTING POWER OWNED BY 1,458,333 EACH --------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 0 WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,458,333 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,458,333 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.73% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- Item 1. SECURITY AND ISSUER This is Amendment No. 1 to the original Schedule 13D previously filed by Phillip Frost, M.D., Frost-Nevada, Limited Partnership (the "Partnership"), and Frost-Nevada Corporation (collectively, the "Reporting Persons") with respect to the Common Stock, $.0001 par value (the "Shares") of Zanart Entertainment Incorporated (the "Issuer"). The principal executive offices of the Issuer are located at 3333 West Commercial Boulevard, Suite 105, Ft. Lauderdale, Florida, 33309. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is amended and supplemented as follows: On September 11, 1996, the Issuer consummated that certain Agreement and Plan of Merger, dated August 9, 1996 (the "Merger Agreement") with Continucare Corporation ("Continucare"). Pursuant to the Merger Agreement, a wholly-owned subsidiary of the Issuer merged with and into Continucare (the "Merger") and each issued and outstanding share of Continucare Common Stock was converted into the right to receive one Share of the Issuer. The Partnership was, immediately prior to the effectiveness of the Merger, the record owner of 925,000 shares of Continucare Common Stock, representing approximately 11% of Continucare's issued and outstanding capital stock. As a result of the Merger, and by virtue of the conversion of its shares of Continucare Common Stock pursuant to the Merger Agreement, the Partnership acquired an additional 925,000 Shares of the Issuer. Item 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is amended in its entirety and restated as follows: AMOUNT OF SHARES PERCENTAGE NAME BENEFICIALLY OWNED OF CLASS* ---- ------------------ ---------- Phillip Frost, M.D. 1,458,333 ** 12.73% Frost-Nevada Corporation 1,458,333 ** 12.73% Frost-Nevada, Limited 1,458,333 ** 12.73% Partnership - ---------------------------- * Based on 11,452,983 Shares consisting of 2,902,983 Shares outstanding as of August 22, 1996, as reported on the Issuer's Schedule 14C Information Statement, dated August 27, 1996, plus the 8,300,000 Shares issued in the Merger, as reported on the Issuer's Current Report on Form 8-K, dated September 11, 1996, and assuming the conversion by the Partnership of warrants to purchase 250,000 Shares. The number of Shares and warrants noted here have been restated to reflect the effects of a 1- for-2 reverse stock split effected by the Issuer on December 31, 1994. ** These Shares are owned of record by one or more of such Reporting Persons. As the sole limited partner of the Partnership and the sole shareholder, a director and an officer of Frost-Nevada Corporation, the general partner of the Partnership, Dr. Frost may be deemed a beneficial owner of the Shares. Record ownership of the Shares may be transferred from time to time among any or all of Dr. Frost, the Partnership and Frost-Nevada Corporation. Accordingly, solely for purposes of reporting beneficial Page 5 ownership of the Shares pursuant to section 13(d) under the Securities Exchange Act of 1934, as amended, each of Dr. Frost, the Partnership and Frost-Nevada Corporation will be deemed to be the beneficial owner of Shares held by any of them. Except as described herein and in the original Schedule 13D previously filed by the Reporting Persons, none of the Reporting Persons has engaged in any transaction involving Shares of the Issuer during the past sixty days. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Item 6 is amended and supplemented as follows: On September 11, 1996, the Issuer consummated the Merger Agreement pursuant to which a subsidiary of the Issuer merged with and into Continucare. Pursuant to the Merger Agreement, Dr. Frost became the Vice Chairman of the Board of Directors of the Issuer and the Partnership acquired additional shares of the Issuer by virtue of the conversion of its shares in Continucare into Shares of the Issuer. Item 7. MATERIAL TO BE FILED AS EXHIBITS 1. Joint Filing Agreement. 2. Power of Attorney granted to Phillip Frost, M.D. by Neil Flanzraich. Page 6 SIGNATURES After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct. /S/ PHILLIP FROST, M.D. -------------------------------------- Date: October 3, 1996 Phillip Frost, M.D. FROST-NEVADA, LIMITED PARTNERSHIP * -------------------------------------- Date: October 3, 1996 Neil Flanzraich President of Frost-Nevada Corporation, General Partner FROST-NEVADA CORPORATION * -------------------------------------- Date: October 3, 1996 Neil Flanzraich President *By/S/ PHILLIP FROST, M.D. ---------------------------------- Phillip Frost, M.D. (Attorney-in-fact pursuant to Power of Attorney) Page 7 EXHIBIT INDEX EXHIBIT DESCRIPTION - -------- ----------- 1 Joint Filing Agreement. 2 Power of Attorney granted to Phillip Frost, M.D. by Neil Flanzraich. EX-1 2 EXHIBIT 1 The undersigned hereby agree that this Amendment to the Schedule 13D filed by us with respect to the Common Stock of Zanart Entertainment Incorporated is filed on behalf of each of us. /S/ PHILLIP FROST, M.D. -------------------------------------- Date: October 3, 1996 Phillip Frost, M.D. FROST-NEVADA, LIMITED PARTNERSHIP * -------------------------------------- Date: October 3, 1996 Neil Flanzraich President of Frost-Nevada Corporation, General Partner FROST-NEVADA CORPORATION * -------------------------------------- Date: October 3, 1996 Neil Flanzraich President *By/S/ PHILLIP FROST, M.D. -------------------------------- Phillip Frost, M.D. (Attorney-in-fact pursuant to Power of Attorney) EX-2 3 EXHIBIT 2 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS that the undersigned, in his capacity as President of Frost-Nevada Corporation, a Nevada corporation (the "Corporation"), does hereby make, constitute and appoint PHILLIP FROST, M.D. his true and lawful attorney-in-fact, for him and in his name, place and stead, for the sole and limited purpose of signing any and all statements or reports pursuant to the Securities Exchange Act of 1934, and any amendments thereto, on behalf of the Corporation, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney this 24th day of May, 1996. /S/ NEIL FLANZRAICH -------------------------------------- NEIL FLANZRAICH, President -----END PRIVACY-ENHANCED MESSAGE-----