Investors
SEC Filings
Form S-11/A
PERNIX THERAPEUTICS HOLDINGS, INC. filed this Form S-11/A on 01/15/1997
Document Outline
Entire Document (1692.5 KB)
Subdocument 1 - S-11/A - S-11/A
Page 1 - SECURITIES AND EXCHANGE COMMISSION
Page 2 - CROSS REFERENCE SHEET
Page 3 - N/A
Page 4 - N/A
Page 5 - COMMON STOCK
Page 6 - N/A
Page 7 - TABLE OF CONTENTS
Page 8 - SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE
Page 9 - PROSPECTUS SUMMARY
Page 10 - RISK FACTORS
Page 11 - N/A
Page 12 - THE GOLF INDUSTRY
Page 13 - THE GOLF COURSES
Page 14 - N/A
Page 15 - BUSINESS STRATEGIES AND OBJECTIVES
Page 16 - INTERNAL GROWTH
Page 17 - THE FORMATION TRANSACTIONS
Page 18 - OWNERSHIP STRUCTURE
Page 19 - DISTRIBUTION POLICY
Page 20 - TAX STATUS
Page 21 - N/A
Page 22 - BALANCE SHEET DATA:
Page 23 - BALANCE SHEET DATA:
Page 24 - N/A
Page 25 - N/A
Page 26 - RISK FACTORS
Page 27 - LACK OF CONTROL OVER DAY-TO-DAY OPERATIONS AND MANAGEMENT OF THE GOLF COURSES
Page 28 - FACTORS AFFECTING GOLF PARTICIPATION
Page 29 - RISKS RELATED TO EXPANSION OPPORTUNITIES
Page 30 - ENVIRONMENTAL MATTERS
Page 31 - IMMEDIATE AND SUBSTANTIAL DILUTION
Page 32 - COMPETITION FOR MANAGEMENT TIME FOR THE INITIAL LESSEES
Page 33 - CHANGES IN INVESTMENT AND FINANCING POLICIES
Page 34 - ERISA RISKS
Page 35 - N/A
Page 36 - THE COMPANY
Page 37 - BUSINESS STRATEGIES AND OBJECTIVES
Page 38 - N/A
Page 39 - INTERNAL GROWTH
Page 40 - USE OF PROCEEDS
Page 41 - N/A
Page 42 - DISTRIBUTION POLICY
Page 43 - N/A
Page 44 - CAPITALIZATION
Page 45 - DILUTION
Page 46 - BALANCE SHEET DATA:
Page 47 - N/A
Page 48 - N/A
Page 49 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF
Page 50 - PRO FORMA RESULTS OF OPERATIONS OF THE COMPANY
Page 51 - THE LEGENDS GROUP PRIOR OWNERS
Page 52 - RESULTS OF OPERATIONS
Page 53 - N/A
Page 54 - LEGENDS LESSEES
Page 55 - RESULTS OF OPERATIONS
Page 56 - NORTHGATE LESSEE
Page 57 - RESULTS OF OPERATIONS
Page 58 - THE WOODLANDS LESSEE
Page 59 - OLDE ATLANTA LESSEE
Page 60 - THE GOLF INDUSTRY
Page 61 - N/A
Page 62 - N/A
Page 63 - THE GOLF COURSES
Page 64 - DESCRIPTIONS OF THE GOLF COURSES
Page 65 - HIGH-END DAILY FEE COURSES
Page 66 - PRIVATE COUNTRY CLUB COURSES
Page 67 - THE GOLF COURSES -- RESORT COURSES
Page 68 - N/A
Page 69 - N/A
Page 70 - N/A
Page 71 - N/A
Page 72 - COMPETITION
Page 73 - N/A
Page 74 - MANAGEMENT
Page 75 - COMMITTEES OF THE BOARD OF DIRECTORS
Page 76 - COMPENSATION OF DIRECTORS
Page 77 - STOCK INCENTIVE PLAN
Page 78 - DIRECTORS' PLAN
Page 79 - EMPLOYMENT AGREEMENTS
Page 80 - THE WOODLANDS
Page 81 - INVESTMENT OBJECTIVES AND POLICIES
Page 82 - WORKING CAPITAL RESERVES
Page 83 - OTHER POLICIES
Page 84 - BENEFITS TO OFFICERS AND DIRECTORS
Page 85 - TRANSFER DOCUMENTS
Page 86 - CERTAIN RELATIONSHIPS AND TRANSACTIONS
Page 87 - MANAGEMENT
Page 88 - CAPITAL CONTRIBUTION
Page 89 - TAX MATTERS
Page 90 - CAPITAL STOCK
Page 91 - N/A
Page 92 - N/A
Page 93 - BUSINESS COMBINATIONS
Page 94 - MARYLAND BUSINESS COMBINATION LAW
Page 95 - INTERESTED DIRECTOR TRANSACTIONS
Page 96 - SHARES AVAILABLE FOR FUTURE SALE
Page 97 - FEDERAL INCOME TAX CONSIDERATIONS
Page 98 - N/A
Page 99 - N/A
Page 100 - N/A
Page 101 - N/A
Page 102 - PARTNERSHIP ANTI-ABUSE RULE
Page 103 - FAILURE TO QUALIFY
Page 104 - TAXATION OF TAX-EXEMPT STOCKHOLDERS
Page 105 - STATE AND LOCAL TAXES
Page 106 - N/A
Page 107 - Section 704(c) of the Code.
Page 108 - N/A
Page 109 - UNDERWRITING
Page 110 - EXPERTS
Page 111 - ADDITIONAL INFORMATION
Page 112 - GLOSSARY
Page 113 - N/A
Page 114 - N/A
Page 115 - N/A
Page 116 - INDEX TO FINANCIAL STATEMENTS
Page 117 - N/A
Page 118 - N/A
Page 119 - N/A
Page 120 - N/A
Page 121 - N/A
Page 122 - N/A
Page 123 - N/A
Page 124 - N/A
Page 125 - REPORT OF INDEPENDENT ACCOUNTANTS
Page 126 - BALANCE SHEET
Page 127 - N/A
Page 128 - N/A
Page 129 - LEGENDS GOLF
Page 130 - LEGENDS GOLF
Page 131 - GOLF LEGENDS
Page 132 - GOLF LEGENDS
Page 133 - N/A
Page 134 - PRO FORMA CONDENSED BALANCE SHEET
Page 135 - N/A
Page 136 - PRO FORMA CONDENSED BALANCE SHEET
Page 137 - N/A
Page 138 - N/A
Page 139 - N/A
Page 140 - N/A
Page 141 - N/A
Page 142 - N/A
Page 143 - N/A
Page 144 - N/A
Page 145 - N/A
Page 146 - N/A
Page 147 - N/A
Page 148 - REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Page 149 - N/A
Page 150 - N/A
Page 151 - N/A
Page 152 - N/A
Page 153 - INVENTORIES
Page 154 - USE OF ESTIMATES
Page 155 - N/A
Page 156 - N/A
Page 157 - N/A
Page 158 - SELF-INSURANCE
Page 159 - N/A
Page 160 - REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Page 161 - BALANCE SHEETS
Page 162 - STATEMENTS OF INCOME AND RETAINED EARNINGS
Page 163 - STATEMENTS OF CASH FLOWS
Page 164 - BUSINESS
Page 165 - RECENT ACCOUNTING PRONOUNCEMENTS
Page 166 - NOTES TO FINANCIAL STATEMENTS
Page 167 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 168 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 169 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 170 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 171 - REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Page 172 - BALANCE SHEETS
Page 173 - STATEMENTS OF INCOME AND RETAINED EARNINGS
Page 174 - STATEMENTS OF CASH FLOWS
Page 175 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Page 176 - RECENT ACCOUNTING PRONOUNCEMENTS
Page 177 - NOTES TO FINANCIAL STATEMENTS
Page 178 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 179 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 180 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 181 - REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Page 182 - BALANCE SHEETS
Page 183 - STATEMENTS OF INCOME AND RETAINED EARNINGS
Page 184 - STATEMENTS OF CASH FLOW
Page 185 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Page 186 - RECENT ACCOUNTING PRONOUNCEMENTS
Page 187 - NOTES TO FINANCIAL STATEMENTS
Page 188 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 189 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 190 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 191 - REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Page 192 - BALANCE SHEETS
Page 193 - N/A
Page 194 - STATEMENTS OF CASH FLOWS
Page 195 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Page 196 - RECENT ACCOUNTING PRONOUNCEMENTS
Page 197 - NOTES TO FINANCIAL STATEMENTS
Page 198 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 199 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 200 - REPORT OF INDEPENDENT ACCOUNTANTS
Page 201 - CONSOLIDATED BALANCE SHEETS
Page 202 - CONSOLIDATED STATEMENTS OF OPERATIONS
Page 203 - CONSOLIDATED STATEMENTS OF CASH FLOWS
Page 204 - CASH AND CASH EQUIVALENTS
Page 205 - USE OF ESTIMATES
Page 206 - N/A
Page 207 - N/A
Page 208 - REPORT OF INDEPENDENT ACCOUNTANTS
Page 209 - BALANCE SHEETS
Page 210 - N/A
Page 211 - N/A
Page 212 - STATEMENTS OF CASH FLOWS
Page 213 - NOTES TO FINANCIAL STATEMENTS
Page 214 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 215 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 216 - REPORT OF INDEPENDENT AUDITORS
Page 217 - BALANCE SHEETS
Page 218 - STATEMENTS OF INCOME
Page 219 - N/A
Page 220 - STATEMENTS OF CASH FLOWS
Page 221 - NOTES TO FINANCIAL STATEMENTS
Page 222 - NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Page 223 - N/A
Page 224 - ITEM 30. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
Page 225 - ITEM 34. TREATMENT OF PROCEEDS FROM STOCK BEING REGISTERED.
Page 226 - EXHIBIT
Page 227 - SIGNATURES
Subdocument 2 - EX-3.2 - EXHIBIT 3.2 BYLAWS OF THE COMPANY
Page 1 - EXHIBIT 3.2
Page 2 - THE BYLAWS
Page 3 - TABLE OF CONTENTS
Page 4 - Section 1. GENERAL PROVISIONS. . . . . . . . . . . . . . . . . . . . 8
Page 5 - SECTION 1. PRINCIPAL OFFICE. The principal office of Golf Trust
Page 6 - SECTION 3. SPECIAL MEETINGS. The President, a majority of the
Page 7 - SECTION 8. PROXIES. A shareholder may vote the common shares
Page 8 - SECTION 12. ACTION WITHOUT A MEETING. Any action required or
Page 9 - SECTION 3. CHANGES IN NUMBER VACANCIES. Except in the case of a
Page 10 - SECTION 8. NOTICE. Notice of any special meeting of the Board of
Page 11 - SECTION 1. COMMITTEES OF THE BOARD. The Board of Directors may
Page 12 - SECTION 3. ACTION BY COMMITTEES WITHOUT A MEETING. Any action
Page 13 - SECTION 7. CHIEF OPERATING OFFICER. The Board of Directors may
Page 14 - SECTION 13. ASSISTANT SECRETARIES AND ASSISTANT TREASURERS. The
Page 15 - SECTION 2. LOST CERTIFICATE. The Board of Directors may direct a
Page 16 - SECTION 1. INDEMNIFICATION OF AGENTS. The Corporation shall
Page 17 - SECTION 1. BY DIRECTORS. The Board of Directors shall have the
Subdocument 3 - EX-5.1 - EXHIBIT 5.1 OPINION OF BALLARD SPAHR ANDREWS & ING
Page 1 - EXHIBIT 5.1
Page 2 - N/A
Subdocument 4 - EX-10.1 - EXHIBIT 10.1 FORM OF 1ST AM & RES LIM PART OF OPE
Page 1 - OF
Page 2 - TABLE OF CONTENTS
Page 3 - N/A
Page 4 - N/A
Page 5 - OF
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - Section 7.03(b) hereof; PROVIDED THAT if a General Partner is on the
Page 14 - N/A
Page 15 - Section 7704 of the Code.
Page 16 - N/A
Page 17 - N/A
Page 18 - N/A
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
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Page 27 - N/A
Page 28 - N/A
Page 29 - N/A
Page 30 - N/A
Page 31 - N/A
Page 32 - Section 7.01(c) or in connection with a transaction described in Section
Page 33 - N/A
Page 34 - N/A
Page 35 - N/A
Page 36 - N/A
Page 37 - Section 8.05(a), the Company and the General Partner agree to use their best
Page 38 - N/A
Page 39 - N/A
Page 40 - N/A
Page 41 - N/A
Page 42 - N/A
Page 43 - N/A
Page 44 - N/A
Page 45 - N/A
Page 46 - N/A
Page 47 - Section 7704 of the Code.
Page 48 - N/A
Page 49 - N/A
Page 50 - N/A
Page 51 - N/A
Page 52 - Section 4.02 of this Agreement;
Page 53 - N/A
Page 54 - N/A
Page 55 - GENERAL PARTNER
Page 56 - EXHIBIT A
Page 57 - EXHIBIT B
Page 58 - EXHIBIT C
Subdocument 5 - EX-10.2 - EXHIBIT 10.2 FORM OF PARTICIPATING LEASE
Page 1 - L E A S E
Page 2 - TABLE OF CONTENTS
Page 3 - N/A
Page 4 - N/A
Page 5 - ARTICLE 27
Page 6 - N/A
Page 7 - LEASE
Page 8 - Section 4.7.
Page 9 - N/A
Page 10 - EXHIBIT K of the Agreement.
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - N/A
Page 15 - N/A
Page 16 - N/A
Page 17 - N/A
Page 18 - Section 3.3.
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - N/A
Page 24 - N/A
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Page 27 - N/A
Page 28 - N/A
Page 29 - N/A
Page 30 - N/A
Page 31 - N/A
Page 32 - Section 10.7), if, at a time when the Term would otherwise terminate or expire,
Page 33 - N/A
Page 34 - N/A
Page 35 - N/A
Page 36 - N/A
Page 37 - N/A
Page 38 - Section 12.7, the parties shall adopt such portions of the Operating Budget and
Page 39 - N/A
Page 40 - N/A
Page 41 - N/A
Page 42 - N/A
Page 43 - N/A
Page 44 - N/A
Page 45 - N/A
Page 46 - N/A
Page 47 - N/A
Page 48 - Section 15.15 that it seeks to
Page 49 - Section 15.15.
Page 50 - N/A
Page 51 - N/A
Page 52 - N/A
Page 53 - N/A
Page 54 - N/A
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Page 60 - N/A
Page 61 - N/A
Page 62 - N/A
Page 63 - N/A
Page 64 - N/A
Page 65 - Section 27.1 a single arbitrator shall be designated and shall resolve the
Page 66 - ARTICLE 28
Page 67 - N/A
Page 68 - N/A
Page 69 - N/A
Page 70 - N/A
Page 71 - EXHIBIT A
Page 72 - EXHIBIT B
Page 73 - ENTIRE EXHIBIT DELETED
Page 74 - EXHIBIT C
Page 75 - EXHIBIT D
Page 76 - N/A
Page 77 - N/A
Page 78 - N/A
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Page 88 - N/A
Page 89 - N/A
Page 90 - PLEDGOR
Page 91 - EXHIBIT D-1
Page 92 - EXHIBIT E
Page 93 - EXHIBIT F
Page 94 - N/A
Subdocument 6 - EX-10.6 - EXHIBIT 10.6 FORM OF GOLF TRUST OF A, INC
Page 1 - 1997 STOCK INCENTIVE PLAN
Page 2 - N/A
Page 3 - EXHIBIT A
Page 4 - 1997 STOCK INCENTIVE PLAN
Page 5 - N/A
Page 6 - N/A
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - EXHIBIT B
Page 15 - 1997 STOCK INCENTIVE PLAN
Page 16 - N/A
Page 17 - N/A
Page 18 - N/A
Page 19 - EXHIBIT C
Page 20 - 1997 STOCK INCENTIVE PLAN
Page 21 - N/A
Page 22 - N/A
Page 23 - SECTION 12(G) REGISTRATION DATE: the date on which the initial registration
Page 24 - N/A
Page 25 - N/A
Page 26 - N/A
Page 27 - N/A
Page 28 - N/A
Page 29 - N/A
Page 30 - N/A
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Page 32 - N/A
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Page 34 - N/A
Page 35 - N/A
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Page 38 - N/A
Page 39 - N/A
Page 40 - N/A
Page 41 - N/A
Page 42 - N/A
Page 43 - N/A
Subdocument 7 - EX-10.7 - EXHIBIT 10.7 FORM OF GOLF TRUST OF AMERICA, INC.
Page 1 - EXHIBIT 10.7
Page 2 - EXHIBIT A and incorporated herein by reference. Optionee understands that any
Page 3 - N/A
Page 4 - EXHIBIT A
Page 5 - 1997 NON-EMPLOYEE DIRECTORS' PLAN
Page 6 - N/A
Page 7 - EXHIBIT B to the Grant Notice.
Page 8 - N/A
Page 9 - N/A
Page 10 - EXHIBIT B
Page 11 - 1997 NON-EMPLOYEE DIRECTORS' PLAN
Page 12 - N/A
Page 13 - N/A
Page 14 - N/A
Page 15 - EXHIBIT C
Page 16 - 1997 NON-EMPLOYEE DIRECTORS' PLAN
Page 17 - N/A
Page 18 - N/A
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - N/A
Page 24 - N/A
Page 25 - N/A
Page 26 - EXHIBIT A
Subdocument 8 - EX-10.8 - EXHIBIT 10.8 FORM OF EMP AGMT BET CO & WB BLAIRII
Page 1 - Section 1 above will commence on the date set forth above (the "COMMENCEMENT
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - Section 7 or other provisions of this Agreement; and (iv) any continuation of
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - EXHIBIT A
Subdocument 9 - EX-10.9 - EXHIBIT 10.9 FORM OF EMP AGMT BET CO AND D J DICK
Page 1 - Section 1 above will commence on the date set forth above (the "COMMENCEMENT
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - Section 2, above. In addition, during the full time period described in the
Page 7 - N/A
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - EXHIBIT A
Subdocument 10 - EX-10.10 - EXHIBIT 10.10 FORM OF EMP AGMT BET CO & S D PETERS
Page 1 - Section 1 above will commence on the closing date of the Initial Public Offering
Page 2 - N/A
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - Section 7 or other provisions of this Agreement; and (iv) any continuation of
Page 7 - Section 2, above, the Executive shall continue to participate, at his option, in
Page 8 - N/A
Page 9 - N/A
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - N/A
Page 14 - EXHIBIT A
Subdocument 11 - EX-22.1 - EXHIBIT 22.1 LIST OF SUBSIDIARIES OF THE COMPANY
Page 1 - N/A
Subdocument 12 - EX-23.1 - EXHIBIT 23.1 CONSENT OF PRICE WATERHOUSE LLP.
Page 1 - EXHIBIT 23.1
Page 2 - EXHIBIT 23.1
Page 3 - EXHIBIT 23.1
Page 4 - EXHIBIT 23.1
Subdocument 13 - EX-24.1 - EXHIBIT 24.1 POWER OF ATTORNEY
Page 1 - EXHIBIT 24.1
Subdocument 14 - EX-99.1 - EXHIBIT 99.1 CONSENT OF FRED W. REAM; PROPOSED DIR
Page 1 - EXHIBIT 99.1
Subdocument 15 - EX-99.2 - EXHIBIT 99.2 CONSENT OF ROY C. CHAPMAN;
Page 1 - EXHIBIT 99.2
Subdocument 16 - EX-99.3 - EXHIBIT 99.3 CONSENT OF EDWARD L. WAX
Page 1 - EXHIBIT 99.3
Subdocument 17 - EX-99.4 - EXHIBIT 99.4 CONSENT OF RAYMOND V. JONES
Page 1 - EXHIBIT 99.4