UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 4)*
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(a)
EMERSON RADIO CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
291087203
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(CUSIP Number)
Ruby Lee Yen Kee, Esq.
Managing Director, Legal
The Grande Holdings Limited
146 Robinson Road #01-01
Singapore 068909
011-65-6221-0010
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 15, 2006
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(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), Rule 13d-1(f) or Rule 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
Rule 13d-7(b) 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.
(Continued on following pages)
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291087203 SCHEDULE 13D
CUSIP No.
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1 NAME OF REPORTING PERSON
S&T International Distribution Ltd
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF, BK
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
NONE
NUMBER OF -------------------------------------------------------------
8 SHARE VOTING POWER
SHARES 10,000,000 shares of Common Stock.
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BENEFICIALLY 9 SOLE DISPOSITIVE POWER
OWNED BY EACH NONE
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REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 10,000,000 shares of Common Stock.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,000,000 shares of Common Stock.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|X|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.97%
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14 TYPE OF REPORTING PERSON
CO
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2
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291087203 SCHEDULE 13D
CUSIP No.
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1 NAME OF REPORTING PERSON
Grande N.A.K.S. Ltd
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF, BK
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
NUMBER OF NONE
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SHARES 8 SHARE VOTING POWER
BENEFICIALLY 10,000,000 shares of Common Stock.
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OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING NONE
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PERSON WITH 10 SHARED DISPOSITIVE POWER
10,000,000 shares of Common Stock.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,000,000 shares of Common Stock.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|X|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.97%
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14 TYPE OF REPORTING PERSON
CO
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3
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291087203 SCHEDULE 13D
CUSIP No.
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1 NAME OF REPORTING PERSON
The Grande Holdings Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC, BK
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
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7 SOLE VOTING POWER
NUMBER OF NONE
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SHARES 8 SHARE VOTING POWER
BENEFICIALLY 11,547,300 shares of Common Stock.
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OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING NONE
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PERSON WITH 10 SHARED DISPOSITIVE POWER
11,547,300 shares of Common Stock.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
11,547,300 shares of Common Stock.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|X|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.69%
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14 TYPE OF REPORTING PERSON
CO
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4
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291087203 SCHEDULE 13D
CUSIP No.
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1 NAME OF REPORTING PERSON
Christopher Ho Wing On
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF, BK
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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7 SOLE VOTING POWER
NUMBER OF NONE
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SHARES 8 SHARE VOTING POWER
BENEFICIALLY 11,547,300 shares of Common Stock.
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OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING NONE
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PERSON WITH 10 SHARED DISPOSITIVE POWER
11,547,300 shares of Common Stock.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
11,547,300 shares of Common Stock.
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|X|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.69%
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14 TYPE OF REPORTING PERSON
IN
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5
This Amendment No. 4 to Schedule 13D relates to shares of Common
Stock (the "Common Stock"), of Emerson Radio Corp. (the "Emerson"). This
Amendment No.4 supplementally amends the initial statement on Schedule 13D,
dated December 15, 2005 (the "Initial Statement"), Amendment No.1, dated March
7, 2006 ("Amendment No.1"), Amendment No.2, dated May 9, 2006 ("Amendment
No.2") and Amendment No.3, dated May 25, 2006 ("Amendment No.3", and together
with the Initial Statement, Amendment No.1, Amendment No.2 and Amendment No.3,
the "Previous Filings"), all filed by the Reporting Persons (as defined in the
Initial Statement). This Amendment No.4 is being filed by the Reporting
Persons to report that the number of Common Stock that the Reporting Persons
may be deemed to beneficially own has increased by more than one percent of
the current amount of outstanding Common Stock, as disclosed in the Emerson's
quarterly report on Form 10-Q filed on February 14, 2006. Capitalized terms
used but not defined herein shall have the meanings ascribed to them in the
Initial Statement. The Previous Filings are supplementally amended as follows.
ITEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D/A (the "Statement") relates to the Common
Stock of Emerson.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
(1) THE GRANDE HOLDINGS LIMITED ("Grande Holdings") (a Bermuda corporation
engaged in manufacturing, sale and distribution of audio, video and other
consumer electronics and digital products), the executive offices of which are
located at 12th Floor, The Grande Building, 398 Kwun Tong Road, Kowloon, Hong
Kong;
(2) GRANDE N.A.K.S. LTD ("N.A.K.S.") (a British Virgin Islands corporation
engaged in purchasing, selling or holding of securities or other investments),
the executive offices of which are located at 146 Robinson Road, #01-01
Singapore 068909;
(3) S&T INTERNATIONAL DISTRIBUTION LTD ("S&T") (a British Virgin Islands
corporation engaged in purchasing, selling or holding of securities or other
investments), the executive offices of which are located at 146 Robinson Road,
#01-01 Singapore 068909;
(4) CHRISTOPHER HO WING ON. Mr. Ho is a citizen of Canada. Mr. Ho's business
address is 146 Robinson Road, #01-01 Singapore 068909. Mr. Ho is the President
and Group Chief Executive of Grande Holdings.
Each of the Reporting Persons is party to that certain Joint Filing
Agreement attached hereto as Exhibit 1. Accordingly, the Reporting Persons are
hereby filing a joint Schedule 13D.
As of the date of this Statement, S&T has the direct power to vote and
direct the disposition of the 10,000,000 shares of the Issuer's Common Stock
held by it (the "Original Shares"). The Grande Group Limited ("GGL") (a
Singapore corporation engaged in purchasing, selling or holding of securities
or other investments), the executive offices of which are located
6
at 146 Robinson Road, #01-01 Singapore 068909, has the direct power to vote
and direct the disposition of 1,547,300 shares of the Issuer's Common Stock
held by it (the "Additional Shares" and together with the Original Shares, the
"Shares"). As the sole parent of S&T, N.A.K.S. has the indirect power to vote
and dispose of the Original Shares held for the account of S&T. As the sole
parent of N.A.K.S. and the sole parent of GGL, Grande Holdings has the
indirect power to vote and dispose of the Shares held for the account of S&T
and GGL. As the owner of approximately 64% of the share capital of Grande
Holdings, Barrican Investments Corporation ("Barrican") has the indirect power
to vote and dispose of the Shares held for the account of S&T and GGL. As the
sole parent of Barrican, The Grande International Holdings Ltd ("Grande
International") has the indirect power to vote and dispose of the Shares held
for the account of S&T and GGL. As the sole owner of Grande International, the
Ho Family Trust has the indirect power to vote and dispose of the Shares held
for the account of S&T and GGL. As the sole beneficiary of the Ho Family
Trust, Mr. Ho has the indirect power to vote and dispose of the Shares held
for the account of S&T and GGL. In such capacities, Grande Holdings, N.A.K.S.
and Mr. Ho may be deemed to be the beneficial owners of the Shares held for
the account of S&T and GGL.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Since May 26, 2006 (the date of filing of Amendment No. 3), all
Common Stock acquired by the Reporting Persons were acquired by GGL. The
source of funds for the Additional Shares was the working capital of GGL. The
total purchase price for the shares acquired since May 26, 2006 was
approximately US$1,527,590. Neither Mr. Ho, Grande Holdings nor N.A.K.S.
directly owns any Common Stock.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons wish to be in a position to exercise greater
influence over the management and corporate activities of Emerson, including
activities which may relate to transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D. Accordingly, depending on prevailing
market, economic and other conditions, including in particular the price and
availability of shares of Common Stock, the Reporting Persons may seek to
acquire more than 50% of the issued and outstanding shares of Common Stock of
Emerson through additional share purchases in the open market or
privately-negotiated transactions.
On March 30, 2006, the Board of Directors of Emerson appointed Adrian Ma
as the Chairman of the Board and CEO of Emerson. Mr. Ma is also a director of
N.A.K.S. and Grande Holdings, and joins on the Board of Directors of Emerson
another director of N.A.K.S. and Grande Holdings, Michael A. B. Binney, who
was elected as director at the annual meeting of Emerson's shareholders, which
was held on December 9, 2005.
Except as indicated in this Schedule 13D, none of the Reporting Persons
or, to the best of their knowledge, any of the other persons identified in
response to Item 2, currently has any 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.
7
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
S&T is the record owner of the Original Shares and GGL is the record
owner of the Additional Shares. As the sole stockholder of S&T, N.A.K.S. may
be deemed to own beneficially the Original Shares. As the sole stockholder of
N.A.K.S and GGL, Grande Holdings may be deemed to own beneficially the Shares.
Mr. Ho has a beneficial interest in approximately 64% of the capital stock of
Grande Holdings. By virtue of such interest and his position with Grande
Holdings, Mr. Ho may be deemed to have power to vote and power to dispose of
the Shares beneficially held by Grande Holdings.
a. N.A.K.S. and S&T may be deemed to own beneficially 36.97% of the
Common Stock of Emerson, which percentage is calculated based upon
27,047,666 shares of Common Stock reported to be outstanding as of
February 13, 2006. Grande Holdings and Mr. Ho may be deemed to own
beneficially 42.69% of the Common Stock of Emerson. Each of the
Reporting Persons, except S&T, disclaims beneficial ownership of
the Shares.
b. Regarding the number of shares as to which such person has:
i. sole power to vote or to direct the vote: 0 shares for each
Reporting Person.
ii. shared power to vote or to direct the vote: 11,547,300
shares for each Reporting Person.
iii. sole power to dispose or to direct the disposition: 0 shares
for each Reporting Person.
iv. shared power to dispose or to direct the disposition:
11,547,300 shares for each Reporting Person.
c. Except for the transactions listed on Annex B hereto, all of which
were effected in the over-the-counter market in routine brokerage
transactions, there have been no transactions with respect to the
Common Stock since May 26, 2006 (the date of filing of Amendment
No. 3) by any of the Reporting Persons.
d. No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or any proceeds from the
sale of, the Common Stock beneficially owned by any of the
Reporting Persons.
e. Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1: Joint Filing Agreement, dated June 15, 2006 by and among
Grande Holding, N.A.K.S., S&T and Mr. Ho.
8
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: June 15, 2006
/s/ Christopher Ho Wing On
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CHRISTOPHER HO WING ON
THE GRANDE HOLDINGS LIMITED
By: /s/ Christopher Ho Wing On
----------------------------------------
Name: Christopher Ho Wing On
Title: Director
GRANDE N.A.K.S. LTD.
By: /s/ Christopher Ho Wing On
----------------------------------------
Name: Christopher Ho Wing On
Title: Director
S&T INTERNATIONAL DISTRIBUTION LTD.
By: /s/ Christopher Ho Wing On
----------------------------------------
Name: Christopher Ho Wing On
Title: Director
ANNEX A
RECENT TRANSACTIONS IN THE SECURITIES OF
EMERSON RADIO CORP.
Transactions for the account of GGL since May 26, 2006.
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Date of Transaction Nature of Transaction Number of Shares Price per Share
Acquisition (A) or
Disposition (D)
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26 May 2006 A 20,000 US$3.4200
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30 May 2006 A 18,400 US$3.3635
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31 May 2006 A 22,900 US$3.4280
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1 June 2006 A 36,100 US$3.3951
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2 June 2006 A 34,500 US$3.4397
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5 June 2006 A 27,200 US$3.4276
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6 June 2006 A 30,000 US$3.4333
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7 June 2006 A 28,900 US$3.4193
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8 June 2006 A 45,000 US$3.4244
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9 June 2006 A 26,100 US$3.4146
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12 June 2006 A 48,600 US$3.3900
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13 June 2006 A 50,000 US$3.3909
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14 June 2006 A 60,000 US$3.4167
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10
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of a Statement on Schedule 13D/A dated June 16, 2006,
2006 (including amendments thereto) with respect to the Common Stock of
Emerson Radio Corp. This Joint Filing Agreement shall be filed as an Exhibit
to such Statement.
Dated: June 15, 2006
/s/ Christopher Ho Wing On
----------------------------------------
CHRISTOPHER HO WING ON
THE GRANDE HOLDINGS LIMITED
By: /s/ Christopher Ho Wing On
----------------------------------------
Name: Christopher Ho Wing On
Title: Director
GRANDE N.A.K.S. LTD
By: /s/ Christopher Ho Wing On
----------------------------------------
Name: Christopher Ho Wing On
Title: Director
S&T INTERNATIONAL DISTRIBUTION LTD
By: /s/ Christopher Ho Wing On
----------------------------------------
Name: Christopher Ho Wing On
Title: Director
11