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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
FRANKLIN COVEY CO.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.05 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
353469 10 9
-----------------------------------------------
(CUSIP Number)
December 31, 2001
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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).
Page 1 of 7 Pages
- -----------------------------
CUSIP No. 353469 10 9
- -----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald A. Yacktman
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 200,800
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 37,254(1)
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 200,800
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,076,585(1)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,277,385(2)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.4%(2)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
(1) Represents shares beneficially owned by Yacktman Asset Management Co.; the
undersigned holds 100% of the outstanding shares of capital stock of
Yacktman Asset Management Co.
(2) Represents 75,290 shares of Common Stock issuable upon conversion of
Preferred Stock and 1,202,095 shares of Common Stock (with the percent
ownership calculated using the number of outstanding shares of Common Stock
reported in the Company's Form 10-Q for the quarter ended November 24,
2001, and assuming the conversion of the Preferred Stock owned by the
reporting person).
Page 2 of 7 Pages
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CUSIP No. 353469 10 9
- -----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Yacktman Funds, Inc.-36-3831621
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 866,707
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
866,707(1)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.4%(1)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IV
================================================================================
(1) Represents 17,307 shares of Common Stock issuable upon conversion of
Preferred Stock and 849,400 shares of Common Stock (with the percent
ownership calculated using the number of outstanding shares of Common Stock
reported in the Company's Form 10-Q for the quarter ended November 24,
2001, and assuming the conversion of the Preferred Stock owned by the
reporting person).
Page 3 of 7 Pages
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CUSIP No. 353469 10 9
- -----------------------------
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Yacktman Asset Management Co.-36-3780592
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 37,254
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,076,585
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,076,585(1)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
Not Applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%(1)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
================================================================================
(1) Represents 75,290 shares of Common Stock issuable upon conversion of
Preferred Stock and 1,001,295 shares of Common Stock (with the percent
ownership calculated using the number of outstanding shares of Common Stock
reported in the Company's Form 10-Q for the quarter ended November 24,
2001, and assuming the conversion of the Preferred Stock owned by the
reporting person).
Page 4 of 7 Pages
- -----------------------------
CUSIP No. 353469 10 9
- -----------------------------
This Amendment No. 5 to the undersigned's Schedule 13G, which was
originally filed on February 5, 1998 (the "Schedule 13G") with regard to
Franklin Covey Co. (the "Issuer") is being filed to amend Item 4 of the Schedule
13G. Except as expressly stated herein, there have been no material changes in
the information set forth in the Schedule 13G.
Item 4. Ownership:
- ------ ---------
Donald A. Yacktman
------------------
(a) Amount Beneficially Owned:1,277,385
(b) Percent of Class: 6.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 200,800
(ii) shared power to vote or to direct the vote: 37,254
(iii) sole power to dispose or to direct the disposition of:
200,800
(iv) shared power to dispose or to direct the disposition of:
1,076,585
The Yacktman Funds, Inc.
------------------------
(a) Amount Beneficially Owned:866,707
(b) Percent of Class: 4.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 866,707
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of: -0-
Yacktman Asset Management Co.
-----------------------------
(a) Amount Beneficially Owned:1,076,585
(b) Percent of Class: 5.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 37,254
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
1,076,585
(iv) shared power to dispose or to direct the disposition of: -0-
Page 5 of 7 Pages
- -----------------------------
CUSIP No. 353469 10 9
- -----------------------------
Exhibits.
1. Agreement to file Schedule 13G jointly.
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 January 25, 2002.
/s/ Donald A. Yacktman
- -----------------------------------------------
Donald A. Yacktman
THE YACKTMAN FUNDS, INC.
By: /s/ Donald A. Yacktman
--------------------------------------
Donald A. Yacktman
President
YACKTMAN ASSET MANAGEMENT CO.
By: /s/ Donald A. Yacktman
--------------------------------------
Donald A. Yacktman
President
Page 6 of 7 Pages
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CUSIP No. 353469 10 9
- -----------------------------
EXHIBIT 1
---------
AGREEMENT dated as of January 25, 2002, by and among Donald A.
Yacktman ("Yacktman"), The Yacktman Funds, Inc., a Maryland corporation (the
Yacktman Funds") and Yacktman Asset Management Co., an Illinois corporation
("Yacktman Asset Management").
WHEREAS, in accordance with Rule 13d-1(k) of the Securities Exchange
Act of 1934 (the "Act"), only one such statement need be filed whenever two or
more persons are required to file a statement pursuant to Section 13(d) of the
Act with respect to the same securities, provided that said persons agree in
writing that such statement is filed on behalf of each of them.
NOW, THEREFORE, in consideration of the premises and mutual agreements
herein contained, the parties hereto agree as follows:
Yacktman, Yacktman Funds and Yacktman Asset Management hereby agree,
in accordance with Rule 13d-1(k) under the Act, to file one Statement on
Schedule 13G relating to their ownership of the Common Stock of Franklin Covey
Co. and hereby further agree that said Statement shall be filed on behalf of
each of Yacktman, Yacktman Funds and Yacktman Asset Management. Nothing herein
shall be deemed to be an admission that the parties hereto, or any of them are
members of a "group" (within the meaning of Section 13(d) of the Act and the
rules promulgated thereunder) with respect to any securities of Franklin Covey
Co.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.
/s/ Donald A. Yacktman
----------------------------------------
Donald A. Yacktman
THE YACKTMAN FUNDS, INC.
By: /s/ Donald A. Yacktman
-------------------------------------
Donald A. Yacktman
President
YACKTMAN ASSET MANAGEMENT CO.
By: /s/ Donald A. Yacktman
-------------------------------------
Donald A. Yacktman
President
Page 7 of 7 Pages