In the course of your review of the Disclosure Document relating to the offering by American Veterinary Supply Corp., a New York corporation (the "Company") of its shares of Class B Common Stock, par value $.01 per share (the "Class B Shares"), you may have some questions. The following questions, however, are some which may be of common concern to all investors. A copy of the Disclosure Document may be obtained by, telephone, email or postal mail request. Of course, any and all questions, including those raised below, which you might have relating to the offer or an investment in the Class B shares may be directed to George S. Domino, CEO of the Company at (631)218-2850 ext 210. .
Any "Eligible Veterinarian". An Eligible Veterinarian is defined as any licensed veterinarian or an entity that is authorized to practice veterinary medicine and that has one hundred percent of its voting interests owned by licensed veterinarians.
Yes. Class A shares are held by founding shareholders.
The sole difference is the purchase discount percentage. Class A shareholders receive a 3.25 % discount on their purchases from the Company. Class B shareholders receive a 1% discount. Both classes are entitled to the same voting rights on all matters submitted to a vote of shareholders.
You will only be able to purchase Class A shares from the Class A shareholders. The Company does not have any plans to sell additional Class A shares. Class A shareholders are restricted from selling their shares for twelve months from the date of the Class B Stock offering. Thereafter, Class A shareholders must first offer their shares to Class B shareholders. Of course all sales and purchased must be pursuant to an exemption from registration under federal and state securities laws.
The Class B Shares are being issued to you pursuant to an exemption under federal securities laws, and, so long as you are not purchasing such shares with an immediate view towards distribution, and /or do not sell your shares in such a manner so as to be deemed a "public offering", you should continue to have an exemption from registration under securities laws. The Class B Shares have been registered in the State of New York and are therefore freely transferable in such state. Application for registration has been made in the states of Connecticut, New Jersey, Pennsylvania, Kansas and Missouri, and, if and when registered, such shares will be freely transferable in such states. Sales in any other states must be exempt from registration, the requirements for which will vary from state to state.
Yes, provided, however, that you own at least 150 Class A shares and 150 Class B shares.
The Class A shares are not registered under the federal securities laws, and are therefore not publicly traded on any stock exchange with available quotations. Thus, the price will be determined on a "free market" basis between willing buyers an sellers of the Class A shares. The Company or a designated agent will act as a clearinghouse for buyers and sellers to list "bid" and "ask" prices for the stock.
No provided that they are sold to an Eligible Veterinarian. As noted above the Class B Shares may only be sold subject to exemption under state and federal securities laws.
No. In the event of the death of a shareholder the Company, may, at its sole option, repurchase such shares (See pages 13 and 26).
Again, the price will be determined on a "free market" basis between willing buyers and sellers of the Class B shares, as such shares are not publicly traded (See pages 12 and 19)
Please use our Customer Service Form to Request a Prospectus
If you have any further questions, please direct them to Gdomino@amvetsupply.com