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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)(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)
May 16, 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)
(PAGE 1 OF 3 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).
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SCHEDULE 13D
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CUSIP NO. 86601N-10-1 Page 2 of 3 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
2,988,360
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 814,675 comprised of: 627,675 (owned jointly
OWNED BY with spouse); 27,000 (owned by spouse); 160,000
EACH (pursuant to common stock purchase options held
REPORTING by spouse)
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PERSON 9 SOLE DISPOSITIVE POWER
WITH
2,988,360
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10 SHARED DISPOSITIVE POWER
814,675 comprised of: 627,675 (owned jointly
with spouse); 27,000 (owned by spouse); 160,000
(pursuant to common stock purchase options held
by spouse)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,803,035
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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)
82.8%
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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 3 Pages
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This Amendment No. 1 to Schedule 13D is being filed on behalf of the
undersigned to amend the Schedule 13D (the "Schedule 13D") which was originally
filed on August 24, 2000. Unless otherwise indicated, all capitalized terms
used herein but not defined herein shall have the same meaning as set forth in
the Schedule 13D. This Amendment is being filed pursuant to Rule 13d-2 of the
General Rules and Regulations under the Securities and Exchange Act of 1934, as
amended. Only those items reported herein are amended. All other items remain
unchanged.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The 3,803,035 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)
394,440 shares which are issuable to Mr. Parker solely upon exercise of
currently exercisable options, (ii) 2,593,920 issued to Mr. Parker directly,
and (iii) 627,675 shares issued jointly to Mr. Parker and his spouse, (iv)
27,000 shares issued to Mr. Parker's spouse, and (vi) 160,000 shares which are
issuable to Mr. Parker's spouse upon exercise of currently exercisable options.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The number of shares of Common Stock beneficially owned by
Richard Parker is 3,803,035, comprising approximately 82.8% of the outstanding
shares of Common Stock.
(b) Richard Parker has sole voting and sole dispositive power
with respect to 2,988,360 shares beneficially owned by him. He is deemed to
share voting and dispositive power with respect to the 627,675 shares he
jointly owns with his spouse, the 27,000 shares owned by his spouse, and the
160,000 shares issuable to Mr. Parker's spouse upon exercise of currently
exercisable options.
(c) The immediately exercisable options to purchase 95,000 shares
of common stock at $2.50 per share that were granted to Mr. Parker in December
1999 were cancelled in their entirety on May 16, 2000. None of such options
were ever exercised. Immediately exercisable options to purchase 394,440 shares
of Common Stock at $2.50 per share were granted to Mr. Parker on May 16, 2000
pursuant to a Stock Option Agreement between the Company and Mr. Parker, dated
May 16, 2000. Immediately exercisable options to purchase 160,000 shares of
Common Stock at $2.50 per share were granted to Mr. Parker's spouse on May 16,
2000 pursuant to a Stock Option Agreement between the company and Mr. Parker's
spouse. In connection with the adjustment of certain compensation arrangements
between the Company and Mr. Parker, Mr. Parker was issued 16,000 additional
shares of Common Stock and Mr. Parker's spouse was issued 27,000 shares of
Common Stock, each as of March 30, 2000.
(d) Not applicable.
(e) Not applicable.
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 13, 2000 /s/ Richard Parker
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Richard Parker
