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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. 6)*
FRANKLIN COVEY CO.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.05 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
353469 10 9
------------------------------------------------------------------------
(CUSIP Number)
December 31, 2002
- --------------------------------------------------------------------------------
(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
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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
Donald A. Yacktman
- -------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [X]
- -------- ----------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 286,050
-------- --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 103,254(1)
-------- --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 286,050
-------- --------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 382,890(1)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
668,940(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)
3.3%(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 148,340 shares of Common Stock issuable upon conversion of
Preferred Stock and 520,600 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 30,
2002, 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 (a) [ ]
(SEE INSTRUCTIONS) (b) [X]
- -------- ----------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 229,907
-------- --------------------------------------------------------
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
229,907 (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)
1.2% (1)
- -------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IV
================================================================================
(1) Represents 17,307 shares of Common Stock issuable upon conversion of
Preferred Stock and 212,600 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 30,
2002, 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 (a) [ ]
(SEE INSTRUCTIONS) (b) [X]
- -------- ----------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 103,254
-------- --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------- --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 382,890
-------- --------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
382,890(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)
1.9%(1)
- -------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
================================================================================
(1) Represents 75,290 shares of Common Stock issuable upon conversion of
Preferred Stock and 307,600 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 30,
2002, and assuming the conversion of the Preferred Stock owned by the
reporting person).
Page 4 of 7 Pages
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CUSIP No. 353469 10 9
- ----------------------------------------
This Amendment No. 6 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 Items 4 and 5 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: 668,940
(b) Percent of Class: 3.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 286,050
(ii) shared power to vote or to direct the vote: 103,254
(iii) sole power to dispose or to direct the disposition of:
286,050
(iv) shared power to dispose or to direct the disposition of:
382,890
The Yacktman Funds, Inc.
(a) Amount Beneficially Owned: 229,907
(b) Percent of Class: 1.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 229,907
(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: 382,890
(b) Percent of Class: 1.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 103,254
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
382,890
(iv) shared power to dispose or to direct the disposition of:
-0-
Page 5 of 7 Pages
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CUSIP No. 353469 10 9
- ----------------------------------------
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following |X|.
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.
Date: February 6, 2003.
/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
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EXHIBIT 1
AGREEMENT dated as of February 6, 2003, 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