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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
Zenith Electronics Corporation
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(Name of Issuer)
Common Stock, par value $1.00 per share
(Including the Associated Rights)
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(Title of Class of Securities)
989349 10 5
(CUSIP Number)
Chan-Ho Lee Copy to:
Managing Director Steven R. Gross, Esq.
LG Electronics Inc. Debevoise & Plimpton
LG Twin Towers 875 Third Avenue
20, Yoido-dong New York, NY 10022
Youngdungpo-gu (212) 909-6000
Seoul, Korea 150-721
011-82-2-3777-3049
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 15, 1998
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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 ss.ss. 240.13d-1(3), 240.13d-1(f) or 240.13d-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 ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
* 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 purposes 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).
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SCHEDULE 13D
CUSIP No. 989349 10 5 Page 2 of 5 Pages
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
LG Electronics Inc.
LG Semicon Co., Ltd.
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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
N/A
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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
Republic of Korea
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7 SOLE VOTING POWER
NUMBER OF LG Electronics Inc. -- 38,155,000*
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY N/A
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON LG Electronics Inc. -- 12,059,800
WITH LG Semicon Co., Ltd. -- 26,095,200
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10 SHARED DISPOSITIVE POWER
N/A
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SCHEDULE 13D
CUSIP No. 989349 10 5 Page 3 of 5 Pages
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
LG Electronics Inc. -- 38,155,000*
LG Semicon Co., Ltd. -- 26,095,200
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
______________________________________________________________[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
LG Electronics Inc. -- 56.9%*
LG Semicon Co., Ltd. -- 38.9%
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14 TYPE OF REPORTING PERSON
CO
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*. Includes the shares of Zenith Electronics Corporation's common
stock, par value $1.00 per share ("Common Stock"), held by LG
Semicon Co., Ltd., a minority-owned subsidiary of LG Electronics
Inc. LG Semicon Co., Ltd. granted LG Electronics Inc. a voting
proxy with respect to the Common Stock held by LG Semicon Co., Ltd.
Also includes 793,000 shares held by LG Electronics Inc. obtainable
pursuant to stock options exercisable within sixty (60) days of the
date hereof.
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SCHEDULE 13D
CUSIP No. 989349 10 5 Page 4 of 5 Pages
AMENDMENT NO. 9 TO STATEMENT ON SCHEDULE 13D
This Amendment No. 9 amends and supplements the Tender Offer
Statement on Schedule 14D-1 and Schedule 13D dated July 21, 1995, as amended
(the "Schedule 13-D") of LG Electronics Inc., a corporation organized under the
laws of the Republic of Korea, and LG Semicon Co., Ltd, a corporation organized
under the laws of the Republic of Korea, filed in connection with shares of
common stock, par value $1.00 per share (the "Common Stock"), of Zenith
Electronics Corporation, a Delaware corporation (the "Company"), and the
associated Common Stock purchase rights. This Amendment is being filed on behalf
of the reporting persons identified in the cover pages of this Amendment. This
Amendment amends Item 4 of the Schedule 13D.
ITEM 4. PURPOSE OF THE TRANSACTION.
As a result of the Company's financial difficulties, LG
Electronics Inc. has been engaged in discussions with the Company and intends to
seek to reorganize the Company in a manner which would involve a sale or
transfer of a material amount of assets of the Company, a substantial change in
the Company's capitalization (including the elimination of the existing equity)
and material changes in the Company's business operations. There can be no
assurance, however, that any such reorganization will occur.
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SCHEDULE 13D
CUSIP No. 989349 10 5 Page 5 of 5 Pages
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.
Dated: May 18, 1998
LG ELECTRONICS INC.
/s/ Chan-Ho Lee
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Name: Chan-Ho Lee
Title: Managing Director
LG SEMICON CO., LTD.
/s/ Kyoung-Ji Lee
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Name: Kyoung-Ji Lee
Title: Managing Director
