<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
Information Management Resources, Inc.
--------------------------------------
(Name of Issuer)
Common Stock, par value $.10 per share
--------------------------------------
(Title of Class of Securities)
45675E 10 8
-----------
(CUSIP Number)
______________
<PAGE>
- ------------------------- -----------------
CUSIP No. 45675E 10 8 13G Page 2 of 6 Pages
- ------------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF
ABOVE PERSONS
Satish K. Sanan
SSN: ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENE- 5 SOLE VOTING POWER
FICIALLY OWNED BY EACH 11,810,879 (1)
REPORTING PERSON WITH
----------------------------------------------------
6 SHARED VOTING POWER
-0-
----------------------------------------------------
7 SOLE DISPOSITIVE POWER
11,810,879 (1)
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,701,377 (1)
- --------------------------------------------------------------------------------
(1) Includes 5,454,552 shares owned indirectly by the reporting person
through a family limited partnership, 109,502 shares owned by a
charitable foundation as to which Mr. Sanan disclaims beneficial
ownership and 6,825 shares subject to stock options exercisable within 60
days. Share numbers reflect a three-for-two stock split effected by the
Issuer in July 1997.
<PAGE>
- ------------------------- -----------------
CUSIP No. 45675E 10 8 13G Page 3 of 6 Pages
- ------------------------- -----------------
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
50.59%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE>
ITEM 1(A). NAME OF ISSUER:
Information Management Resources, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
26750 U.S. Highway 19 North
Suite 500
Clearwater, Florida 34621
ITEM 2(A). NAME OF PERSON FILING:
Satish K. Sanan
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
26750 U.S. Highway 19 North
Suite 500
Clearwater, Florida 34621
ITEM 2(C). CITIZENSHIP:
U.S. Citizen
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.10 per share
ITEM 2(E). CUSIP NUMBER:
45675E 10 8
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act,
-4-
<PAGE>
(e) [ ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or Endowment
Fund; see 13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7,
(f) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned: 11,701,377 (1)
(b) Percent of Class: 50.59%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 11,810,879 (1)
---------------
(ii) Shared power to vote or to direct the vote -0-
------------
(iii) Sole power to dispose or to direct the disposition
of 11,810,879 (1)
--------------
(iv) Shared power to dispose or to direct the disposition
of -0-
------------
(1) Includes 5,454,552 shares owned indirectly by the reporting person
through a family limited partnership, 109,502 shares owned by a
charitable foundation as to which Mr. Sanon disclaims beneficial
ownership and 6,246,825 shares subject to stock options exercisable
within 60 days. Share numbers reflect a three-for-two stock split
effected by the Issuer in July 1997.
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 [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable
-5-
<PAGE>
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
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.
February 12, 1998
By: /s/ Satish K. Sanan
--------------------------
Satish K. Sanan
President and Chief Executive Officer
Information Management Resources, Inc.
-6-
