-----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, OTbpXzWhbKdl/IG5aKc0l6FPjd+MybJSxBTffp9HvTdakKIk9le7gs+TDLMvxIOp 7zcLZ3Fq8gIh6zXFqI/24Q== 0001104659-07-053562.txt : 20070712 0001104659-07-053562.hdr.sgml : 20070712 20070712153216 ACCESSION NUMBER: 0001104659-07-053562 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070712 DATE AS OF CHANGE: 20070712 GROUP MEMBERS: AVP ACQUISITION CORP. GROUP MEMBERS: AVP HOLDINGS, INC. GROUP MEMBERS: LEONARD ARMATO GROUP MEMBERS: SHAMROCK CAPITAL GROWTH FUND II, L.P. GROUP MEMBERS: SHAMROCK CAPITAL PARTNERS II, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVP INC CENTRAL INDEX KEY: 0000930817 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS [7997] IRS NUMBER: 980142664 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79737 FILM NUMBER: 07976434 BUSINESS ADDRESS: STREET 1: 6100 CENTER DRIVE STREET 2: SUITE 900 CITY: LOS ANGELES STATE: CA ZIP: 90045 BUSINESS PHONE: 310-426-8000 MAIL ADDRESS: STREET 1: 6100 CENTER DRIVE STREET 2: SUITE 900 CITY: LOS ANGELES STATE: CA ZIP: 90045 FORMER COMPANY: FORMER CONFORMED NAME: OTHNET INC DATE OF NAME CHANGE: 20010502 FORMER COMPANY: FORMER CONFORMED NAME: PL BRANDS INC DATE OF NAME CHANGE: 19941003 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROYER STEPHEN D CENTRAL INDEX KEY: 0001256314 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O SHAMROCK CAPITAL ADVISORS INC STREET 2: 4444 LAKESIDE CITY: BURBANK STATE: CA ZIP: 91504 BUSINESS PHONE: 8189734288 SC 13D/A 1 a07-18677_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

SCHEDULE 13D

 

Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and Amendments Thereto Filed Pursuant to Rule 13d-2(a) of the Securities Exchange Act of 1934

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

AVP, Inc.

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

0241A205

(CUSIP Number)

 

Damon R. Fisher, Esq.

Kirkland & Ellis LLP

777 South Figueroa Street

Los Angeles, CA 90017

(213) 680 8113

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

April 5, 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. o

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.   0241A205

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
SHAMROCK CAPITAL GROWTH FUND II, L.P.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

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)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
8,262,639*

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,262,639*

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
31.4%**

 

 

14.

Type of Reporting Person (See Instructions)
PN

 


* Reflects the number of shares of Common Stock of AVP, Inc. owned, as of April 5, 2007, by Leonard Armato, as represented and warranted in the Voting Agreement, dated April 5, 2007, between AVP Holdings, Inc., AVP Acquisition Corp. and Leonard Armato, filed as Exhibit 2 hereto, plus the number of shares of Common Stock of AVP, Inc. Leonard Armato has the rightto acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Agreement and Plan of Merger, dated April 5, 2007, by and

2




 

CUSIP No.   0241A205

 

among AVP. Inc., AVP Holdings, Inc., and AVP Acquisition Corp. (the “Merger Agreement”), a copy of which is attached to the Issuer’s current report on Form 8-K filed with the Commission on April 9, 2007, as Exhibit 99.1.

** Based upon 26,291,380 shares of Common Stock of AVP, Inc., 19,824,539 shares of which is outstanding as of April 5, 2007 and 6,466,841 shares of which is the number of shares Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

3




 

CUSIP No.   0241A205

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
SHAMROCK CAPITAL PARTNERS II, LLC

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

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)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
8,262,639*

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,262,639*

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
31.4%**

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


* Reflects the number of shares of Common Stock of AVP, Inc. owned, as of April 5, 2007, by Leonard Armato, as represented and warranted in the Voting Agreement, dated April 5, 2007, between AVP Holdings, Inc., AVP Acquisition Corp. and Leonard Armato, filed as Exhibit 2 hereto, plus the number of shares of Common Stock of

4




 

CUSIP No.   0241A205

 

AVP, Inc. Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

** Based upon 26,291,380 shares of Common Stock of AVP, Inc., 19,824,539 shares of which is outstanding as of April 5, 2007 and 6,466,841 shares of which is the number of shares Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

 

5




 

CUSIP No.   0241A205

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
STEPHEN D. ROYER

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

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)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
8,262,639*

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,262,639*

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
31.4%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


* Reflects the number of shares of Common Stock of AVP, Inc. owned, as of April 5, 2007, by Leonard Armato, as represented and warranted in the Voting Agreement, dated April 5, 2007, between AVP Holdings, Inc., AVP Acquisition Corp. and Leonard Armato, filed as Exhibit 2 hereto, plus the number of shares of Common Stock of

6




 

CUSIP No.   0241A205

 

AVP, Inc. Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

** Based upon 26,291,380 shares of Common Stock of AVP, Inc., 19,824,539 shares of which is outstanding as of April 5, 2007 and 6,466,841 shares of which is the number of shares Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

7




 

CUSIP No.   0241A205

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
AVP HOLDINGS, INC.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

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)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
8,262,639*

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,262,639*

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
31.4%**

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


* Reflects the number of shares of Common Stock of AVP, Inc. owned, as of April 5, 2007, by Leonard Armato, as represented and warranted in the Voting Agreement, dated April 5, 2007, between AVP Holdings, Inc., AVP Acquisition Corp. and Leonard Armato, filed as Exhibit 2 hereto, plus the number of shares of Common Stock of

8




 

CUSIP No.   0241A205

 

AVP, Inc. Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

** Based upon 26,291,380 shares of Common Stock of AVP, Inc., 19,824,539 shares of which is outstanding as of April 5, 2007 and 6,466,841 shares of which is the number of shares Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

9




 

CUSIP No.   0241A205

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
AVP ACQUISITION CORP.

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

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)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
8,262,639*

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,262,639*

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
31.4%**

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


* Reflects the number of shares of Common Stock of AVP, Inc. owned, as of April 5, 2007, by Leonard Armato, as represented and warranted in the Voting Agreement, dated April 5, 2007, between AVP Holdings, Inc., AVP Acquisition Corp. and Leonard Armato, filed as Exhibit 2 hereto, plus the number of shares of Common Stock of

10




 

CUSIP No.   0241A205

 

AVP, Inc. Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

** Based upon 26,291,380 shares of Common Stock of AVP, Inc., 19,824,539 shares of which is outstanding as of April 5, 2007 and 6,466,841 shares of which is the number of shares Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

11




 

CUSIP No.   0241A205

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
LEONARD ARMATO

 

 

2.

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

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
PF

 

 

5.

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

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
8,262,639*

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,262,639*

 

 

12.

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

 

 

13.

Percent of Class Represented by Amount in Row (11)
31.4%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


* Reflects the number of shares of Common Stock of AVP, Inc. owned, as of April 5, 2007, by Leonard Armato, as represented and warranted in the Voting Agreement, dated April 5, 2007, between AVP Holdings, Inc., AVP Acquisition Corp. and Leonard Armato, filed as Exhibit 2 hereto, plus the number of shares of Common Stock of

12




 

CUSIP No.   0241A205

 

AVP, Inc. Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

** Based upon 26,291,380 shares of Common Stock of AVP, Inc., 19,824,539 shares of which is outstanding as of April 5, 2007 and 6,466,841 shares of which is the number of shares Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as represented and warranted in the Merger Agreement.

13




 

CUSIP No.   0241A205

 

This Schedule 13D is jointly filed by Shamrock Capital Growth Fund II, L.P., a Delaware limited partnership (“SCG Fund II”), Shamrock Capital Partners II, LLC, a Delaware limited liability company (“Shamrock Capital”), Stephen D. Royer, a citizen of the United States, AVP Holdings, Inc., a Delaware corporation (“Holdings”), AVP Acquisition Corp., a Delaware corporation (“Acquisition Corp.”), and Leonard Armato, a citizen of the United States, relating to the shares of Common Stock of AVP, Inc., a Delaware corporation (the “Issuer”).

 

Item 1.

Security and Issuer

 

Securities acquired:

Shares of Common Stock, par value $0.001 (the “Common Stock”) of Issuer.

 

 

Issuer’s principal

 

executive office:

AVP, Inc., 6100 Center Drive, Suite 900, Los Angeles, California, 90045.

 

Item 2.

Identity and Background

 

(a)           This Schedule 13D is jointly filed by SCG Fund II, Shamrock Capital, Stephen D. Royer, Holdings, Acquisition Corp. and Leonard Armato (collectively, the “Reporting Persons”).  Mr. Royer is a managing member of Shamrock Capital, which in turn is the sole general partner of SCG Fund II, which in turn owns a controlling equity interest in Holdings, which in turn is the sole owner of Acquisition Corp.  As a result, each of Holdings, SCG Fund II, Shamrock Capital and Mr. Royer may be deemed, pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”), to be the beneficial owners of all the shares of Common Stock beneficially held by Holdings and Acquisition Corp.  By virtue of his positions as a managing member of Shamrock Capital, Mr. Royer has the shared power to vote and dispose of the Issuer’s shares of Common Stock beneficially owned by Holdings and Acquisition Corp.  Mr. Armato is the Chairman and Chief Executive Officer of the Issuer and the direct holder of the shares (and options and warrants to acquire shares) covered by this Schedule 13D (the “Stockholder”).  The Reporting Persons are filing this Statement jointly, as they may be considered a “group” under Section 13(d)(3) of the Act.  However, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that such a group exists.

(b)           The principal business address for each of Shamrock Capital, SCG Fund II, Holdings, Acquisition Corp. and Mr. Royer is care of Shamrock Capital Advisors, 4444 Lakeside Drive, Burbank, California 91505.  The principal business address for the Stockholder is care of AVP, Inc., 6100 Center Drive, Suite 900, Los Angeles, California, 90045.

(c)           The principal occupation of Mr. Royer is to serve as a managing member of Shamrock Capital and its affiliates.  The principal business of Shamrock Capital is to act as the general partner of various investment funds, including SCG Fund II.  The principal business of SCG Fund II is investing in businesses and companies.  The principal activity of Holdings is to serve as a holding company for Acquisition Corp.  The principal business of Acquisition Corp. is to serve as the entity through which Holdings would effect an acquisition of the Issuer (as described in Item 4 below).  The principal occupation of the Stockholder is to serve as the Chairman and Chief Executive Officer of the Issuer.

(d)           During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)           During the last five years, none of the Reporting Persons 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.

14




 

CUSIP No.   0241A205

 

(f)            Each of Shamrock Capital, SCG Fund II, Holdings and Acquisition Corp. is organized under the laws of the State of Delaware.  Mr. Royer is a citizen of the United States of America.  The Stockholder is a citizen of the United States of America.

Except for the Stockholder, all of the persons or entities referred to in this Item 2 hereby expressly disclaim beneficial ownership of any shares of Common Stock, and the filing of this Statement shall not be construed as an admission that such persons or entities are, for purposes of Section 13(d) of the Act, the beneficial owners of any such shares of Common Stock.

Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of information provided by another Reporting Person.

 

Item 3.

Source and Amount of Funds or Other Consideration

 

The Stockholder beneficially owns 8,262,639 shares of Common Stock, 1,795,798 shares of which the Stockholder owns outright and 6,466,841 shares of which the Stockholder has the right to acquire by exercising his stock options and warrants.  Each of the other Reporting Persons may be deemed to have acquired beneficial ownership of such 8,262,639 shares of Common Stock pursuant to the Voting Agreement, dated as of April 5, 2007, between Holdings, Acquisition Corp. and the Stockholder (the “Voting Agreement”).  However, except for the Stockholder, each of the Reporting Persons expressly disclaims any beneficial ownership of the shares of Common Stock that are covered by the Voting Agreement.

Subject to the terms of the Voting Agreement, the Stockholder has agreed to vote all of the Common Stock that he owns (i) in favor of the approval of the Merger Agreement (as defined in Item 4 below) and each of the other transactions contemplated by the Merger Agreement to be performed by the Issuer and any actions required in furtherance thereof, and (ii) against (A) approval of any proposal made in opposition to or competition with consummation of the Merger (as defined in Item 4 below) or the Merger Agreement, or any Acquisition Proposal (as defined in the Merger Agreement) by any person or entity other than Holdings or Acquisition Corp. or any other action or agreement that, directly or indirectly, is inconsistent with or that is reasonably likely, to impede, interfere with, delay or postpone the Merger, (B) any proposal that is intended to, or is reasonably likely to, result in a breach of any covenant, representation or warranty or any other obligation or agreement of the Issuer under the Merger Agreement or the conditions to Holdings or Acquisition Corp.’s obligations under the Merger Agreement not being fulfilled, and (C) any change in the directors of the Issuer, any change in the present capitalization of the Issuer, any amendment of the Issuer’s certificate of incorporation or by-laws or any other material change in the Issuer’s corporate structure or business that is not requested or expressly approved by Holdings.

The foregoing descriptions of the Voting Agreement are qualified in their entirety by reference to the Voting Agreement, a copy of which is attached hereto as Exhibit 2, and is incorporated herein by reference.

The information set forth in Items 4 and 6 of this Schedule 13D is hereby incorporated herein by reference.

Item 4.

Purpose of Transaction

 

(a) through (j)

 On April 5, 2007, the Issuer, Holdings and Acquisition Corp. entered into the Merger Agreement, a copy of which is attached to the Issuer’s current report on Form 8-K filed with the Commission on April 9, 2007, as Exhibit 99.1.  The Merger Agreement contemplates that Acquisition

15




 

CUSIP No.   0241A205

 

Corp. will merge with and into the Issuer (the “Merger”) whereby the Issuer shall continue as the surviving corporation and become a direct wholly-owned subsidiary of Holdings and each share of the Issuer’s Common Stock, except for treasury shares, dissenting shares and shares held by Holdings and Acquisition Corp., will be converted into the right to receive $1.23 in cash (the “Merger Consideration”) following the satisfaction or waiver of the conditions set forth in the Merger Agreement, including obtaining Issuer shareholder approval for the transactions contemplated thereby. Except as otherwise provided in the Merger Agreement, all outstanding options to acquire shares of the Issuer’s Common Stock will vest at the effective time of the Merger and holders of such options will receive an amount in cash equal to the excess, if any, of the Merger Consideration over the exercise price per share subject to the option for each share subject to the option.  Except as otherwise provided in the Merger Agreement, all outstanding warrants to acquire shares of the Issuer’s Common Stock will entitle the holders of such warrants to receive an amount in cash equal to the excess, if any, of the Merger Consideration over the exercise price per share subject to the warrant for each share subject to the warrant, with the cash amount payable in accordance with the original vesting schedule applicable to the warrant.  Immediately prior to the consummation of the Merger, the Stockholder will contribute to Holdings all of the shares of Common Stock he owns and an additional amount of cash for shares of capital stock in Holdings.

Following the consummation of the Merger, the Issuer will be a wholly-owned subsidiary of Holdings and shares of Common Stock will be delisted from the OTC Bulletin Board and will be deregistered under Section 12 of the Exchange Act.  Pursuant to the terms of the Merger Agreement, the board of directors of Acquisition Corp. at the effective time of the Merger will become the board of directors of the Issuer and certain of the officers of the Issuer will continue as its officers.  The certificate of incorporation and by-laws of the Issuer shall be amended and restated prior to the Merger in the forms attached to the Merger Agreement, which will be the certificate of incorporation and by-laws of the Issuer after the Merger.

The Merger remains subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, including obtaining approval of the Merger by the existing shareholders of the Issuer.

The purpose of entering into the Voting Agreement was to aid in facilitating the consummation of the transactions contemplated by the Merger Agreement.

The foregoing description of the Merger Agreement is qualified in its entirety by reference to such agreement.

The information set forth in Item 3 of this Schedule 13D is hereby incorporated in this Item 4 by reference.

Except as set forth in the preceding paragraphs, as of the date hereof, the Reporting Persons do not have any plan or proposal that relates to or would result in the matters described in (a) through (j) of Item 4 of Schedule 13D.

Item 5.

Interest in Securities of the Issuer

 

The following information is based on a total of 26,291,380 shares of  AVP, Inc. Common Stock, 19,824,539 shares of which are outstanding as of April 5, 2007 and 6,466,841 shares of which Leonard Armato has the right to acquire (in the form of stock options and warrants) within 60 days of April 5, 2007, as reported in the Merger Agreement.

(a), (b)

The responses of each Reporting Person with respect to Rows 11, 12 and 13 of the applicable cover pages to this Schedule 13D that relate to the aggregate number and percentage of Common Stock held by each such Reporting Person are incorporated herein by reference. The responses of each Reporting Person with

16




 

CUSIP No.   0241A205

 

respect to Rows 7, 8, 9, and 10 of the applicable cover pages of this Statement that relate to the number of shares as to which each such Reporting Person has sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition are incorporated herein by reference. Each Reporting Person may be deemed to have shared power to vote such shares of Common Stock with respect to the limited matters described in Item 3 above. However, each Reporting Person, except the Stockholder, expressly disclaims any beneficial ownership of the shares of Common Stock that are covered by the Voting Agreement.

Except as set forth in this Statement, to the knowledge of the Reporting Persons, no person named in Item 2 beneficially owns any shares of Common Stock of the Issuer.

(c)    Except as described in this Statement, during the past 60 days there have been no other transactions in the securities of the Issuer effected by any Reporting Person or, to the knowledge of any Reporting Person, the other persons named in Item 2.

(d)    Not applicable.

(e)    Not applicable.

Item 6.

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

 

Except as described in this Schedule 13D or the Exhibits hereto, to the best knowledge of the Reporting Persons, the Reporting Persons presently have no contracts, arrangements, understandings or relationships with any other person with respect to any securities of the Issuer, including but not limited to the transfer or voting of any shares of Common Stock, finder’s fees, joint ventures, loans or option arrangements, puts or calls, guarantees of profits, division of profits or loss or the giving or withholding of proxies.

 

Item 7.

Material to Be Filed as Exhibits

 

Exhibit 1

Schedule 13D Joint Filing Agreement, dated April 16, 2007, by and among each of the Reporting Persons.

 

 

Exhibit 2

Voting Agreement, dated as of April 5, 2007, by and among AVP Holdings, Inc., AVP Acquisition Corp. and the Stockholder (previously filed with the Securities and Exchange Commission on April 16, 2007 as Exhibit 2 to the Original Statement and incorporated herein by reference).

 

17




 

CUSIP No.   0241A205

 

SIGNATURES

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this Statement is true, complete and correct.

 

Date: July 12, 2007

Shamrock Capital Partners II, LLC

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille

Its: Executive Vice President

 

 

 

 Date: July 12, 2007

Shamrock Capital Growth Fund II, L.P.

 

 

 

By:

Shamrock Capital Partners II, LLC

 

Its:

General Partner

 

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille

Its: Executive Vice President

 

 

 

 Date: July 12, 2007

AVP Holdings, Inc.

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille
Its: President

 

 

 

 Date: July 12, 2007

AVP Acquisition Corp.

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille
Its: President

 

 

 

Date: July 12, 2007

Stephen D. Royer

 

 

 

By:

/s/ STEPHEN D. ROYER

 

 

Name: Stephen D. Royer

 

 

Date: July 12, 2007

Leonard Armato

 

 

 

By:

/s/ LEONARD ARMATO

 

 

Name: Leonard Armato

 

18



EX-1 2 a07-18677_1ex1.htm EX-1

EXHIBIT 1

SCHEDULE 13D JOINT FILING AGREEMENT

In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to the joint filing of a Statement on Schedule 13D (including any amendments thereto) with respect to the shares of common stock of AVP, Inc., and further agree that this Joint Filing Agreement be included as an exhibit thereto, and have duly executed this Joint Filing Agreement as of the date set forth below.  In addition, each party to this Joint Filing Agreement expressly authorizes each other party to this Joint Filing Agreement to file on its behalf any and all amendments to such Statement.

Each of the parties set forth below agrees that he is responsible for the completeness and accuracy of the information concerning such person contained in the Schedule 13D (including any amendments thereto); but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

Date: July 12, 2007

Shamrock Capital Partners II, LLC

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille

Its: Executive Vice President

 

 

 

 Date: July 12, 2007

Shamrock Capital Growth Fund II, L.P.

 

 

 

By:

Shamrock Capital Partners II, LLC

 

Its:

General Partner

 

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille

Its: Executive Vice President

 

 

 

 Date: July 12, 2007

AVP Holdings, Inc.

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille
Its: President

 

 

 

 Date: July 12, 2007

AVP Acquisition Corp.

 

 

 

By:

/s/ ROBERT F. PERILLE

 

 

Name: Robert F. Perille
Its: President

 

 

 

 Date: July 12, 2007

Stephen D. Royer

 

 

 

By:

/s/ STEPHEN D. ROYER

 

 

Name: Stephen D. Royer

 




 

 Date: July 12, 2007

Leonard Armato

 

 

 

By:

/s/ LEONARD ARMATO

 

 

Name: Leonard Armato

 



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