-----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, RoX8ES0hyhsDGt0HAaa7qIjj3XqW7TFiR0YjHd0TFPB8x88UjE6go8WmpnJ2SfJk EZ/9diNhIFzBxAokuvyQ1Q== 0000950136-03-001411.txt : 20030530 0000950136-03-001411.hdr.sgml : 20030530 20030530171723 ACCESSION NUMBER: 0000950136-03-001411 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030530 GROUP MEMBERS: ROBERT S. TOROKVEI GROUP MEMBERS: THOMAS E. TOROKVEI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VITALSTATE INC CENTRAL INDEX KEY: 0001085106 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 133935933 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59561 FILM NUMBER: 03726623 BUSINESS ADDRESS: STREET 1: 8 HARMONY LANE STREET 2: 914-686-8255 CITY: HARTSDALE STATE: NY ZIP: 10530 MAIL ADDRESS: STREET 1: 8 HARMONY LANE CITY: HARTSDALE STATE: NY ZIP: 10530 FORMER COMPANY: FORMER CONFORMED NAME: HARMONY TRADING CORP DATE OF NAME CHANGE: 19990615 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCEPTER HOLDINGS INC CENTRAL INDEX KEY: 0001222164 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 170 MIDWEST RD CITY: TORONTO STATE: A6 ZIP: M1P 3A9 BUSINESS PHONE: 4167519445 MAIL ADDRESS: STREET 1: 170 MIDWEST RD CITY: TORONTO STATE: A6 ZIP: M1P 3A9 SC 13D/A 1 file001.txt SCHEDULE 13D/A - ------------------------------------------------------------------------------- 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) Amendment No.1 Vitalstate, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.000333 per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 928478 10 6 - ------------------------------------------------------------------------------- (CUSIP Number) Christopher Luck Vice President of Finance Scepter Holdings Inc. 170 Midwest Road Toronto, Ontario M1P 3A9 (416) 751-9445 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 28, 2003 - ------------------------------------------------------------------------------- (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. [ ] CUSIP No.: 928478 10 6 - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Scepter Holdings Inc. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Ontario - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY 8,000,000 EACH REPORTING PERSON WITH ------------------------------------------------------- 8. SHARED VOTING POWER 0 ------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 8,000,000 ------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,000,000 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 39.0% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- 2 CUSIP No.: 928478 10 6 - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Robert S. Torokvei - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not applicable - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Canada - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON WITH ------------------------------------------------------- 8. SHARED VOTING POWER 8,000,000 ------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 8,000,000 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,000,000 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 39.0% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- 3 CUSIP No.: 928478 10 6 - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Thomas E. Torokvei - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS Not applicable - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Canada - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY 0 EACH REPORTING PERSON WITH ------------------------------------------------------- 8. SHARED VOTING POWER 8,000,000 ------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 8,000,000 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,000,000 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 39.0% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- 4 This Amendment No. 1 to Schedule 13D amends and supplements the Schedule 13D, filed March 10, 2003, by Scepter Holdings Inc., Robert S. Torokvei and Thomas E. Torokvei (collectively, the "Reporting Persons") with respect to the common stock, par value $0.000333 per share (the "Common Stock"), of Vitalstate, Inc., a New York corporation (the "Company"). The Reporting Persons are making this single joint filing because they may be deemed to constitute a group under Section 13(d)(3) of the Exchange Act. Item 3 Source and Amount of Funds or Other Consideration ------------------------------------------------- On May 28, 2003, Scepter exercised 2,000,000 of the warrants (the "Warrants") to purchase shares of Common Stock of the Company held by it at an exercise price of US$.50 per warrant and acquired 2,000,000 shares of Common Stock. Scepter used working capital as the source of funds to pay the aggregate exercise price of US$1,000,000. Item 4 Purpose of the Transactions --------------------------- The Reporting Persons have acquired the shares of Common Stock and Warrants for investment purposes. Depending upon market conditions and other factors that the Reporting Persons may deem material, they may purchase or dispose of shares of Common Stock or other securities of the Company in the open market or in private transactions. In addition, in the event that the Warrants are exercised in full, Scepter will acquire an additional 2,000,000 shares of Common Stock of the Company. As described in Item 6 of the initial filing on Schedule 13D by the Reporting Persons , Scepter has the right, for so long as it holds at least 5% of the outstanding shares of Common Stock, to designate to the board of directors of the Company up to that number of directors, as a percentage of the whole board, as is equal to Scepter's percentage ownership of the outstanding shares of Common Stock (without giving effect to the exercise of any options or warrants or the conversion of any convertible securities). Pursuant to such right, Scepter has appointed two members of the board of directors of the Company and, in the event that the Warrants are exercised in full, it may be entitled to designate additional directors to the board of directors of the Company. As described in Item 6 of the initial filing on Schedule 13D by the Reporting Persons, the Company has agreed to register the resale of the shares of Common Stock held by Scepter, including the shares of Common Stock issued or issuable upon exercise of the Warrants. Except as set forth in this Item 4 of this Amendment No. 1 to Schedule 13D and in Item 4 and 6 of their initial filing on Schedule 13D, none of the Reporting Person nor, to the knowledge of the Reporting Persons, any other individual listed on Annex A to the initial filing on Schedule 13D by the Reporting Persons has any plans or proposals that relate to or would result in any of the following: (a) The acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; 5 (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation involving the Company or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Company or of any of its subsidiaries; (d) Any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Company; (f) Any other material change in the Company's business or corporate structure; (g) Changes in the Company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) Causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) Any action similar to any of those enumerated above. Item 5 Interest in Securities of the Issuer ------------------------------------ (a) - (b) According to the Company's Form 10-QSB for the fiscal quarter ended March 31, 2003, as of May 16, 2003 there were 16,496,460 shares of the Company's Common Stock outstanding. After giving effect to the exercise of the Warrants and the purchase by Scepter of 2,000,000 shares of Common Stock, there are 18,496,460 shares of the Company's Common Stock outstanding. The percentages reported in this Schedule 13D have been rounded to the nearest one-tenth of a percent. Scepter beneficially owns 8,000,000 shares of Common Stock, or 39.0% of the outstanding shares of Common Stock, through its ownership of 6,000,000 shares of Common Stock and its Warrants to purchase up to an additional 2,000,000 shares of Common Stock. The Warrants to purchase up to an additional 2,000,000 shares of Common Stock are currently exercisable. Due to their indirect ownership of the securities of Scepter, each of Robert S. Torokvei and Thomas E. Torokvei is deemed to beneficially own the 8,000,000 shares of Common Stock beneficially owned by Scepter. Accordingly, each of Robert S. Torokvei and Thomas E. Torokvei is deemed to own 39.0% of the outstanding shares of Common Stock. 6 To the knowledge of the Reporting Persons, none of the other individuals listed on Annex A to the initial filing on Schedule 13D by the Reporting Persons owns any shares of Common Stock of the Company. Scepter has sole power to vote and dispose of the shares of Common Stock beneficially owned by it. Robert S. Torokvei and Thomas E. Torokvei share voting and dispositive power with each other over the shares of Common Stock beneficially owned by them. (c) During the last 60 days, the Reporting Persons have effected the following transaction in the shares of Common Stock: on May 28, 2003, Scepter exercised 2,000,000 of the Warrants held by it and purchased 2,000,000 shares of Common Stock at a purchase price of US$.50 per share. To the knowledge of the Reporting Persons, none of the individuals listed on Annex A to the initial filing on Schedule 13D by the Reporting Persons have effected any transactions in the shares of Common Stock during the last 60 days. (d) No other person than the Reporting Persons has the right to receive or the power to direct the receipt of the dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by them. (e) It is inapplicable to state the date on which the Reporting Persons ceased to be the beneficial owner of more than 5% of the Common Stock. 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: May 28, 2003 Scepter Holdings Inc. By: /s/ Christopher C. Luck ------------------------------------- Name: Christopher C. Luck Title: Vice President, Finance /s/ Robert S. Torokvei ----------------------------------------- Robert S. Torokvei /s/ Thomas E. Torokvei ----------------------------------------- Thomas E. Torokvei 8 -----END PRIVACY-ENHANCED MESSAGE-----