SC 13D
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file001.txt
SCHEDULE 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
CLARUS CORPORATION
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(Name of Issuer)
Common Stock, par value $0.0001 per share
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(Title of Class of Securities)
182707109
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(CUSIP Number)
Robert L. Lawrence, Esq.
Kane Kessler, P.C.
1350 Avenue of the Americas,
26th Floor
New York, NY 10019
(212) 541-6222
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Telephone Number of Person Authorized to Receive Notices and Communications)
May 28, 2002
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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 which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
*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).
SCHEDULE 13D
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CUSIP No. 182707109 Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warren B. Kanders
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
813,250
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 813,250
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
813,250
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
------------------------ ------------------------------------
CUSIP No. 182707109 Page 3 of 8 Pages
------------------------ ------------------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Burtt R. Ehrlich
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
38,000
NUMBER OF --------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,500
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 38,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
11,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
49,500
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
-------------------------------- -------------------------------------
CUSIP No. 182707109 Page 4 of 8 Pages
-------------------------------- -------------------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.T. Investors Fund, LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
31,350
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8 SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING 31,350
PERSON -------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,350
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
--------------------------------- -----------------------------
CUSIP No. 182707109 Page 5 of 8 Pages
--------------------------------- -----------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nicholas Sokolow
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States and France
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7 SOLE VOTING POWER
0
--------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF
SHARES 31,350
BENEFICIALLY --------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
31,350
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,350
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
The Schedule 13D filed April 12, 2002 (the "Schedule 13D") filed by Warren B.
Kanders, Burtt R. Ehrlich, ST Investors Fund, LLC and Nicholas Sokolow in
connection with the shares of common stock, par value $.0001 per share, of
Clarus Corporation, a Delaware corporation, is hereby amended by this Amendment
No. 1 to the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate purchase price of the interests reported herein of
Kanders, Ehrlich and ST Investors were $2,941,383, $250,250 and $130,524,
respectively. Such funds were furnished from Messrs. Kanders' and Ehrlich's
personal funds and from ST Investors' working capital.
Item 4. Purpose of Transaction.
On April 24, 2002, the Reporting Persons filed a preliminary proxy
solicitation statement with the Securities and Exchange Commission seeking the
election of Warren B. Kanders, Burtt R. Ehrlich and Nicholas Sokolow to the
Board of Directors of the Company. On May 28, 2002, the Company announced the
results of the vote of the 2002 annual meeting of stockholders held on May 21,
2002. The Company announced that Messrs. Kanders, Ehrlich and Sokolow were
elected as directors of the Company.
As stated in the Schedule 13D filed by the Reporting Persons on April
12, 2002, as a result of the Company's performance, the Reporting Persons intend
to pursue strategies designed to enhance shareholder value. Following their
election to the Board of Directors of the Company, the Reporting Persons, in a
manner consistent with their fiduciary duties as directors of the Company,
intend to review the options and strategies available to the Company together
with the other members of the Board of Directors and management of the Company
in an effort to enhance shareholder value. Such actions may include, among other
things, (a) the acquisition of additional securities of the Company, or the
disposition of securities of the Company; (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 any of its subsidiaries; (d) changes in the present
board of directors and/or management of the Company, including plans or
proposals to change the number or term of directors; (e) material change in the
present capitalization of the Company; (f) other material change in the
Company's business or corporate structure; and (g) changes in the Company's
charter, bylaws or instruments corresponding thereto or other actions which may
impede the acquisition of control of the issuer by any person. The Reporting
Persons have no contract, understanding or other arrangement to take any of the
aforementioned actions or otherwise to act in unison with respect to the Company
or the securities of the Company.
Item 5. Interest in Securities of the Issuer.
(a-b)(i) On the date of this statement, Kanders beneficially owns, and
has the sole power to direct the vote and disposition of,
813,250 shares of Common Stock or approximately 5.2% of the
outstanding Common Stock.
(ii) On the date of this statement, Ehrlich beneficially owns, and
has the sole power to direct the vote and disposition of,
38,000 shares of Common Stock or approximately 0.2% of the
outstanding Common Stock. Certain trusts (the "Trusts") for
the benefit of Ehrlich's children own and have the power to
direct the vote and disposition of 11,5000 shares of Common
Stock or approximately 0.1% of the outstanding Common Stock.
Ehrlich's spouse has the sole power to direct the vote and
disposition of the Common Stock owned by the Trusts. Ehrlich
may be deemed to share the power to direct the vote and
disposition of the shares of Common Stock beneficially owned
by the Trusts.
(iii) On the date of this statement, ST Investors beneficially owns,
and has the sole power to direct the vote and disposition of,
31,350 shares of Common Stock or approximately 0.2% of the
outstanding Common Stock. Sokolow, as the managing member of
ST Investors, may be deemed to share the power to direct the
vote and disposition of the shares of Common Stock
beneficially owned by ST Investors.
The percentage of Common Stock reported as beneficially owned is based
upon 15,578,147 shares outstanding as reported by the Company in its Quarterly
Report on Form 10-Q for the fiscal quarter ended March 31, 2002.
With the exception of Sokolow's interest in the shares of Common Stock
beneficially owned by ST Investors by virtue of his position as managing member
of ST Investors, each Reporting Person disclaims any beneficial interest in the
shares of Common Stock held by the other Reporting Persons.
(c) The Reporting Persons effected the following transactions in the
Common Stock since their most recent filing on Schedule 13D, all of which were
executed on the open market:
(i) Mr. Kanders:
# of Shares Date Average Cost
----------- ---- ------------
1,000 April 19, 2002 $4.56
(ii) Mr. Ehrlich (The 11,500 shares purchased on
April 15, 2002, were purchased by certain trusts for
the benefit of Mr. Ehrlich's children. Mr. Ehrlich
disclaims beneficial ownership of such shares):
# of Shares Date Average Cost
----------- ---- ------------
11,500 April 15, 2002 $4.06
10,000 May 14, 2002 $5.60
3,000 May 20, 2002 $5.30
10,000 May 21, 2002 $5.55
5,000 May 22, 2002 $5.87
(d) No person, other than the Reporting Persons, has the right to
receive or the power to direct the receipt of dividends from, or proceeds from
the sale of the Common Stock reported by this statement.
(e) Not applicable.
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.
Date: June 5, 2002
/s/ Warren B. Kanders
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Warren B. Kanders
/s/ Burtt R. Ehrlich
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Burtt R. Ehrlich
/s/ Nicholas Sokolow
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Nicholas Sokolow, individually and
on behalf of S.T. Investors Fund, LLC