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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. ___)1
SUMMIT BROKERAGE SERVICES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
86601N-10-1
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(CUSIP Number)
Sandra C. Gordon, Esq.
Greenberg Traurig, P.A.
111 North Orange Avenue, 20th Floor
Orlando, Florida 32801
(407) 420-1000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 4, 2000
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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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box .
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
(Continued on following pages)
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1 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 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 4 PAGES)
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SCHEDULE 13D
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CUSIP NO. 86601N-10-1 Page 2 of 4 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RICHARD PARKER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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
NUMBER OF 2,687,420
SHARES ----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 640,175 (owned jointly with spouse)
REPORTING ----------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
2,687,420
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10 SHARED DISPOSITIVE POWER
640,175 (owned jointly with spouse)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,327,595
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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)
73%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
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CUSIP NO. 86601N-10-1 Page 3 of 4 Pages
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ITEM 1. SECURITY AND ISSUER.
The title of the class of equity securities to which this statement
relates is common stock, par value $.0001 per share (the "Common Stock"), of
Summit Brokerage Services, Inc., a Florida corporation (the "Company"). The
address of the Company's principal executive offices is 25 Fifth Avenue,
Indialantic, Florida 32903.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Richard Parker.
(b) Richard Parker's business address is c/o 25 Fifth Avenue,
Indialantic, Florida 32903.
(c) Richard Parker is the Chairman of the Board and Chief Executive
Officer of the Company.
(d) Richard Parker has not, during the last five years, been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Richard Parker, has not, during the last five years, been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
(f) Richard Parker is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The 3,327,595 shares of Common Stock reported were issued to Mr. Parker
in respect of certain employment-related services rendered or to be rendered by
Mr. Parker to the Company and are comprised of the following: (i) 95,000 shares
which are issuable upon exercise of currently exercisable options, (ii)
2,592,420 issued to Mr. Parker directly, and (iii) 640,175 shares issued jointly
to Mr. Parker and his spouse.
ITEM 4. PURPOSE OF TRANSACTION.
The shares of Common Stock directly and beneficially acquired by Mr.
Parker were acquired and are being held as an investment. Mr. Parker intends to
review on a continuing basis his investment in the Company and may, depending on
his evaluation of the Company's business and prospects and upon future
developments, determine to increase or decrease, or continue to hold as an
investment or dispose of, his investment in the Company. Except as set forth
above, Mr. Parker does not have any present plans or proposals which relate to
or would result in: (a) the acquisition or disposition by any person of
additional securities of the Company, (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, (c) a sale or
transfer of a material amount of assets of the Company or any of its
subsidiaries, (d) any change, in the present board of directors or management of
the Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board, (e) any material
change in the present capitalization or dividend policy of the Company, (f) any
other material change in the Company's business or corporate structure, (g) any
change in the Company's charter, bylaws or instruments corresponding thereto or
other actions which may impede the acquisition or control of the Company by any
person, (h) a class of securities of the Company to be delisted from a national
securities exchange or cease being authorized to be quoted in an inter-dealer
quotation system of a registered national securities association, (i) a class of
equity securities of the Company becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities Exchange Act of
1934, or (j) any action similar to any of those enumerated above.
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SCHEDULE 13D
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CUSIP NO. 86601N-10-1 Page 4 of 4 Pages
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The number of shares of Common Stock beneficially owned by Richard
Parker is 3,327,595, comprising approximately 73% of the outstanding shares of
Common Stock.
(b) Richard Parker has sole voting and sole dispositive power with
respect to 2,687,420 shares beneficially owned by him. He is deemed to share
voting and dispositive power with respect to the 640,175 shares he jointly owns
with his spouse.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Except as described above, there are no contracts, arrangements,
understandings or relationships with respect to the securities to which Mr.
Parker is a party or subject.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: August 7, 2000 /s/ Richard Parker
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Richard Parker
