UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
PRIMESOURCE HEALTHCARE, INC.
(f/k/a LUXTEC CORPORATION)
--------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value per share
--------------------------------------------------------
(Title of Class of Securities)
74159 T 10 0
--------------------------------------------------------
(CUSIP Number)
JONATHAN K. SPROLE
GENERAL ELECTRIC CAPITAL CORPORATION
260 LONG RIDGE ROAD
STAMFORD, CONNECTICUT 06927
(203) 357-4000
---------------------------------------------------------
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
AUGUST 8, 2001
--------------------------------------------------------
(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 this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule
13d-1(g), check the following box / /.
(Continued on following page(s))
CUSIP No.: 74159T 10 0
-------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
GE Capital Equity Investments, Inc. 06-1268495
-------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
-------------------------------------------------------------------------------
3.
-------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
-------------------------------------------------------------------------------
5. CHECK BOX DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
-------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 11,388,164
BENEFICIALLY --------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH N/A
REPORTING --------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
11,388,164
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
N/A
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,388,164
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.11%
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
2
CUSIP No.: 74159T 10 0
-------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
General Electric Capital Corporation 13-1500700
-------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
-------------------------------------------------------------------------------
3.
-------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
-------------------------------------------------------------------------------
5. CHECK BOX DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
-------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 11,388,164
BENEFICIALLY --------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH N/A
REPORTING --------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
11,388,164
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
N/A
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,388,164
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
59.11%
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
3
CUSIP No.: 74159T 10 0
-------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
General Electric Capital Services, Inc. 06-195035
-------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
-------------------------------------------------------------------------------
3.
-------------------------------------------------------------------------------
4. SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
5. CHECK BOX DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
-------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES DISCLAIMED
BENEFICIALLY --------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH DISCLAIMED
REPORTING --------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
DISCLAIMED
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
DISCLAIMED
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
N/A
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
4
CUSIP No.: 74159T 10 0
-------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
General Electric Company 14-0689340
-------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
-------------------------------------------------------------------------------
3.
-------------------------------------------------------------------------------
4. SOURCE OF FUNDS
N/A
-------------------------------------------------------------------------------
5. CHECK BOX DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) / /
-------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES DISCLAIMED
BENEFICIALLY --------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH DISCLAIMED
REPORTING --------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
DISCLAIMED
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
DISCLAIMED
-------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED
-------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
-------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
N/A
-------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
-------------------------------------------------------------------------------
5
This Amendment No. 2 to Schedule 13D (this "Amendment No. 2") amends the
Schedule 13D filed by the Reporting Persons (as defined below) with the
Securities and Exchange Commission on March 12, 2001 (the "Original Schedule
13D"), as amended by Amendment No. 1 to Schedule 13D ("Amendment No. 1"),
filed by the Reporting Persons on July 16, 2001. This Amendment No. 2
relates to certain rights described in Item 6 below, granted under an Amended
and Restated Co-Sale Agreement and an Amended and Restated Registration
Rights Agreement (attached as exhibits hereto) with respect to the Series C
Convertible Preferred Stock of PrimeSource Healthcare, Inc. (f/k/a Luxtec
Corporation), a Massachusetts corporation (the "Issuer"), the Issuer's Series
D Exchangeable Preferred Stock and the Issuer's Series E Convertible
Preferred Stock to the holders thereof, including GE Capital Equity
Investments, Inc. ("GECEI"). This Amendment No. 2 is being filed by GECEI,
for and on behalf of itself, General Electric Capital Corporation ("GE
Capital"), General Electric Capital Services, Inc. ("GECS") and General
Electric Company ("GE"). GECEI is a wholly-owned subsidiary of GE Capital;
GE Capital is a subsidiary of GECS; and GECS is a wholly-owned subsidiary of
GE. GECEI, GE Capital, GECS and GE are referred to herein collectively as
the "Reporting Persons." Certain capitalized terms used in this Amendment
No. 2 but not otherwise defined herein have the meanings given to them in
Amendment No. 1. Except as disclosed in this Amendment No. 2, the
information contained in the Original Schedule 13D, as amended by Amendment
No. 1, has not changed as of the date hereof. Item 6 is hereby amended and
restated as follows:
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Pursuant to (i) an Amended and Restated Registration Rights Agreement
among the Issuer, GECEI and others; (ii) an Amended and Restated Co-Sale
Agreement among the Issuer, GECEI and others; and (iii) the Issuer's Articles
of Organization, GECEI has, under certain circumstances, various rights
related to: (a) registration of the Common Stock issuable upon conversion or
exchange of the Issuer's Series C Convertible Preferred Stock, the Issuer's
Series D Exchangeable Preferred Stock, the Issuer's Series E Convertible
Preferred Stock and the Bridge Warrant, pursuant to certain shelf, demand and
piggyback registration rights granted to GECEI; (b) participation in a
proposed sale of Common Stock or Preferred Stock by certain members of the
Issuer's management ("tag-along rights"); and (c) certain consents and
notifications in connection with certain sales of securities, acquisitions,
asset sales, grants of licenses and other corporate events of the Issuer or
any of its significant subsidiaries.
Pursuant to the Certificate of Vote of Directors Establishing the
Issuer's Series C Convertible Preferred Stock and the Certificate of Vote of
Directors Establishing the Issuer's Series E Convertible Preferred Stock, so
long as GECEI or the permitted transferees of GECEI, hold any of the Series
C Convertible Preferred Stock or the Series E Convertible Preferred Shares,
GECEI or such permitted transferee may appoint a non-voting representative to
attend meetings of the Board of Directors of the Company as an observer.
6
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT
NO. DESCRIPTION OF EXHIBIT
-------------------------------------------------------------------------------
1. Unit Purchase Agreement, dated as of June 28, 2001, by and among the
Issuer and the purchasers listed on Schedule 1 thereto, incorporated
herein by reference to the Issuer's Form 8-K, filed with the
Securities and Exchange Commission on July 11, 2001.
-------------------------------------------------------------------------------
2. Certificate of Vote of Directors Establishing the Issuer's Series E
Convertible Preferred Stock, dated as of June 27, 2001, incorporated
herein by reference to the Issuer's Form 8-K, filed with the
Securities and Exchange Commission on July 11, 2001.
-------------------------------------------------------------------------------
3. Warrant, dated June 28, 2001, issued to GECEI by the Issuer,
incorporated herein by reference to Amendment No. 1 to the Schedule
13D to which this Amendment No. 2 relates, filed by the Reporting
Persons on July 16, 2001.
-------------------------------------------------------------------------------
4. Amended and Restated Registration Rights Agreement, dated as of June
28, 2001, by and among the Issuer (f/k/a Luxtec Corporation), GECEI,
certain other shareholders of the Issuer, a subsidiary of the Issuer
and certain Lenders to the Issuer.
-------------------------------------------------------------------------------
5. Amended and Restated Co-Sale Agreement, dated as of June 28, 2001,
by and among the Issuer (f/k/a Luxtec Corporation), GECEI and
certain other shareholders of the Issuer.
-------------------------------------------------------------------------------
6. Joint Filing Agreement by and among GECEI, GE Capital, GECS and GE,
dated July 9, 2001, incorporated herein by reference to Amendment
No. 1 to the Schedule 13D to which this Amendment No. 2 relates,
filed by the Reporting Persons on July 16, 2001.
-------------------------------------------------------------------------------
7. Power of Attorney appointing Jonathan K. Sprole as agent and
attorney-in-fact for General Electric Capital Services, Inc.,
incorporated herein by reference to the Schedule 13D to which this
Amendment No. 2 relates, filed by the Reporting Persons on March 12,
2001.
-------------------------------------------------------------------------------
8. Power of Attorney appointing Jonathan K. Sprole as agent and
attorney-in-fact for General Electric Company, incorporated herein
by reference to the Schedule 13D to which this Amendment No. 2
relates, filed by the Reporting Persons on March 12, 2001.
-------------------------------------------------------------------------------
7
SIGNATURE
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.
Dated: August 28, 2001
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Jonathan K. Sprole
-------------------------------
Name: Jonathan K. Sprole
Title: Managing Director, General
Counsel and Secretary
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Jonathan K. Sprole
----------------------------------
Name: Jonathan K. Sprole
Title: Department Operations Manager
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Jonathan K. Sprole
----------------------------------
Name: Jonathan K. Sprole
Title: Attorney-in-Fact
GENERAL ELECTRIC COMPANY
By: /s/ Jonathan K. Sprole
---------------------------------
Name: Jonathan K. Sprole
Title: Attorney-in-Fact
8