<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
under the Securities Exchange Act of 1934
UNITED MAGAZINE COMPANY
(Name of Issuer)
Common Stock, no par value
(Title and Class of Securities)
91-0810209
(Cusip Number)
Ruth Hunter Smith, Esq.
5131 Post Road
Dublin, Ohio 43017
(614) 792-0777
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With copies to:
Robert K. Rupp, Esq.
Baker & Hostetler
65 East State Street, Suite 2100
Columbus, Ohio 43215
(614) 228-1541
February 9, 1988
(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(b)(3) or (4), check the following
box: [ ]
Check the following box if a fee is being paid with this Schedule: [x]
<PAGE> 2
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Northern News Company
Above Persons 38-1738051
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization Michigan
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 144,476
by Each Reporting
Person With --------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 144,476
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 144,476
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 1.9%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) CO
- 1 -
<PAGE> 3
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Wholesalers Leasing Corp.
Above Persons 31-1055253
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 52,488
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 52,488
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 52,488
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) .7%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) CO
- 2 -
<PAGE> 4
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Ronald E. Scherer
Above Persons ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 569,051
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power 1,245,450
-------------------------------------------------
(9) Sole Disposi-
tive Power 569,051
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,814,501
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 24.4%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 3 -
<PAGE> 5
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Linda Hayner Talbott
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 34,001
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power 1,245,450
--------------------------------------------------
(9) Sole Disposi-
tive Power 34,001
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,279,451
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 17.2%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 4 -
<PAGE> 6
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Richard Stoll, Sr.
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 421,750
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 421,750
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 421,750
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 5.7%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 5 -
<PAGE> 7
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of ###-##-####
Above Persons Richard Stoll, Sr., Trust
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 421,750
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 421,750
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 421,750
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 5.7%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) OO
- 6 -
<PAGE> 8
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Richard Stoll, Jr.
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,350
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 153,350
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,350
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 7 -
<PAGE> 9
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Margaret M. Stoll
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,392
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 153,392
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,392
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 8 -
<PAGE> 10
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Francis Stoll
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,392
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 153,392
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,392
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 9 -
<PAGE> 11
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Virginia Hiteshew
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,350
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 153,350
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,350
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 10 -
<PAGE> 12
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Stephanie Hamilton
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,350
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 153,350
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,350
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 11 -
<PAGE> 13
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Nancy Stoll Lyman
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,350
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 153,350
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,350
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 12 -
<PAGE> 14
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of John O. Stoll, III
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,350
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 153,350
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,350
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 13 -
<PAGE> 15
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Mary Olerich
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,350
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 153,350
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,350
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 14 -
<PAGE> 16
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of James F. Stoll
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,392
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 153,392
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,392
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 15 -
<PAGE> 17
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of William W. Stoll
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,350
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power
-------------------------------------------------
(9) Sole Disposi-
tive Power 153,350
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,350
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 16 -
<PAGE> 18
\
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Suzanne M. Voss
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 153,392
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 153,392
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 153,392
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 2.1%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 17 -
<PAGE> 19
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Thaddeus S. Majerek
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 290,609
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 290,609
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 290,609
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 3.9%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 18 -
<PAGE> 20
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S. Thaddeus S. Majerek,
or I.R.S. Identification Nos. of Self-Declaration of
Above Persons Trust dated 7/6/90
###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 290,609
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 290,609
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 290,609
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 3.9%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) 00
- 19 -
<PAGE> 21
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Thaddeus A. Majerek
Above Persons SS-No.: ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power 279,212
-------------------------------------------------
(9) Sole Disposi-
tive Power
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 279,212
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 3.8%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 20 -
<PAGE> 22
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Michael J. Majerek
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power 279,212
--------------------------------------------------
(9) Sole Disposi-
tive Power
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 279,212
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 3.8%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 21 -
<PAGE> 23
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S. Irrevocable Family Trust Agreement
or I.R.S. Identification Nos. of dated 1/22/86, Thaddeus S. Majerek
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot- 279,212
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power
--------------------------------------------------
(10) Shared 279,212
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 279,212
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 3.8%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) OO
- 22 -
<PAGE> 24
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of George R. Klein
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 1,169,502
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power 1,169,502
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,169,502
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 15.7%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
- 23 -
<PAGE> 25
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S.
or I.R.S. Identification Nos. of Ted Rysz
Above Persons SS-No.: ###-##-####
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 46,356
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot- 46,356
ing Power
--------------------------------------------------
(9) Sole Disposi-
tive Power
--------------------------------------------------
(10) Shared 46,356
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 46,356
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 0.6%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) IN
<PAGE> 26
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S. The Roger L. Scherer Trust FBO
or I.R.S. Identification Nos. of Ronald E. Scherer U/A 6/14/79
Above Persons 31-6297039
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
-------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- --------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power
by Each Reporting
Person With
--------------------------------------------------
(8) Shared Vot-
ing Power 1,245,450
--------------------------------------------------
(9) Sole Disposi-
tive Power
--------------------------------------------------
(10) Shared
Dispositive
Power
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,245,450
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 16.7%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) OO
- 24 -
<PAGE> 27
CUSIP No. 91-0810209
(1) Names of Reporting Persons. S.S. The Roger L. Scherer Trust FBO
or I.R.S. Identification Nos. of Linda Hayner Talbott U/A 6/14/79
Above Persons 31-6297039
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) x/
Member of a Group (see
instructions)
------------------
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (see instructions) 00 (other)
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S. Citizen
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power
by Each Reporting
Person With
-------------------------------------------------
(8) Shared Vot-
ing Power 1,245,450
-------------------------------------------------
(9) Sole Disposi-
tive Power
-------------------------------------------------
(10) Shared
Dispositive
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,245,450
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see
instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by
Amount in Row (11) 16.7%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (see
instructions) OO
- 25 -
<PAGE> 28
Item 1. Security and Issuer.
-------------------
The class of equity securities to which this statement relates is the
common shares, without par value, of United Magazine Company, an Ohio
corporation (the "Company"). The principal executive offices of the Company are
located at 5131 Post Road, Dublin, Ohio 43017.
Item 2. Identity and Background.
-----------------------
The members of the group are:
(a) Ronald E. Scherer ("Scherer")
(b) 5131 Post Road
Dublin, Ohio 43017
(c) President
United Magazine Company
wholesale periodical distributor
5131 Post Road
Dublin, Ohio 43017
(d) During the last five years, Mr. Scherer has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Scherer has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Scherer 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Linda Hayner Talbott
(b) 5131 Post Road
Dublin, Ohio 43017
(c) Employee
United Magazine Company
wholesale periodical distributor
5131 Post Road
Dublin, Ohio 43017
(d) During the last five years, Ms. Talbott has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Ms. Talbott has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Talbott 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) U.S. citizen.
- ------------------------------------------------------------------------------
- 26 -
<PAGE> 29
(a) Richard Stoll, Sr.
(b) 6477 Mill Ridge Road
Maumee, Ohio 43537
(c) Retired -- Former Chairman
The Stoll Companies
wholesale periodical distributor
---------------------------------
---------------------------------
(d) During the last five years, Mr. Stoll has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Stoll has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Stoll 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) The Richard H. Stoll, Sr., Trust
(b) State of organization: Ohio
(c) Principal buinsess: trust operations
(d) During the last five years, the Richard H. Stoll, Sr., Trust
has not been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) During the last five years, the Richard H. Stoll, Trust has
not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of
which proceeding the Richard H. Stoll, Trust 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.
- ------------------------------------------------------------------------------
(a) Richard Stoll, Jr.
(b) 2457 Gradwohl
Toledo, Ohio 43617
(c) ---------------------------------
---------------------------------
---------------------------------
---------------------------------
(d) During the last five years, Mr. Stoll has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Stoll has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Stoll 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Margaret M. Stoll
(b) 538 W. Wrightwood, Apt. 2W
Chicago, Illinois 60614
(c) ------------------------
------------------------
------------------------
- 27 -
<PAGE> 30
(d) During the last five years, Ms. Stoll has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Ms. Stoll has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Stoll 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Francis Stoll
(b) 3410 14th Avenue, West #3
Seattle, Washington 98119
(c) --------------------------
--------------------------
--------------------------
(d) During the last five years, Ms. Stoll has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Ms. Stoll has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Stoll 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Virginia Hiteshew
(b) 1404 N. Astor Street
Chicago, Illinois 60610
(c) --------------------------
--------------------------
---------------------------
(d) During the last five years, Ms. Hiteshew has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, Ms. Hiteshew has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Hiteshew 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) U.S. citizen.
- 28 -
<PAGE> 31
- ------------------------------------------------------------------------------
(a) Stephanie Hamilton
(b) 7015 Williamsburg Drive
Sylvania, Ohio 43560
(c) ------------------------
------------------------
------------------------
(d) During the last five years, Ms. Hamilton has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, Ms. Hamilton has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Hamilton 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Nancy Stoll Lyman
(b) 215 E. Chestnut Street, #1201
Chicago, Illinois 60611
(c) Managing Consultant
Executive Development Group
Management and Consulting Firm
--------------------------------
--------------------------------
(d) During the last five years, Ms. Lyman has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Ms. Lyman has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Lyman 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) John O. Stoll, III
(b) 1050 Autumn Ridge, NE 9
Ada, Michigan 49301
- 29 -
<PAGE> 32
(c) ------------------------
------------------------
------------------------
(d) During the last five years, Mr. Stoll has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Stoll has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Stoll 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Mary Olerich
(b) 260 E. Chestnut Street, #2707
Chicago, Illinois 60611
(c) ------------------------
------------------------
------------------------
(d) During the last five years, Ms. Olerich has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Ms. Olerich has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Olerich 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) James F. Stoll
(b) 4240 Crooked Tree, S.W., #11
Wyoming, Michigan 49509
(c) ------------------------
------------------------
------------------------
(d) During the last five years, Mr. Stoll has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
- 30 -
<PAGE> 33
(e) During the last five years, Mr. Stoll has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Stoll 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) William W. Stoll
(b) 2604 College Avenue
Berkeley, CA 94704
(c) ------------------------
------------------------
------------------------
(d) During the last five years, Mr. Stoll has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Stoll has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Stoll 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Suzanne M. Voss
(b) 1474 West Byron Street
Chicago, Illinois 60613
(c) ------------------------
------------------------
------------------------
(d) During the last five years, Ms. Voss has not been convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, Ms. Voss has not been a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Voss 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) U.S. citizen.
- ------------------------------------------------------------------------------
- 31 -
<PAGE> 34
(a) Thaddeus S. Majerek
(b) ------------------------
------------------------
(c) ------------------------
------------------------
------------------------
(d) During the last five years, Mr. Majerek has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Majerek has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Majerek 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Thaddeus S. Majerek, Self-Declaration
of Trust dated 7/6/90 (the "Self-Declaration Trust")
(b) State of organization: Michigan
(c) Principal business: trust operations
(d) During the last five years, the Self-Declaration Trust has not
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, the Self-Declaration Trust has not
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of
which proceeding the Self-Declaration Trust 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.
- ------------------------------------------------------------------------------
(a) Thaddeus A. Majerk
(b) ------------------------
------------------------
(c) Division President
United Magazine Company
wholesale periodical distributor
5137 Post Road
Durslin, Ohio 43017
(d) During the last five years, Mr. Majerek has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Majerek has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Majerek 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Michael J. Majerek
(b) ------------------------
------------------------
(c) ------------------------
------------------------
------------------------
- 32 -
<PAGE> 35
(d) During the last five years, Mr. Majerek has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Majerek has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Majerek 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Irrevocable Family Trust
dated 1/22/86 (the "Irrevocable Trust")
(b) State of organization: Michigan
(c) Principal business: trust operations
(d) During the last five years, the Irrevocable Trust has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, the Irrevocable Trust has not been
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which proceeding
the Irrevocable Trust 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.
- ------------------------------------------------------------------------------
(a) George R. Klein
(b) ------------------------
------------------------
(c) Division President
United Magazine Company
wholesale periodical distributor
5131 Post Road
Dublin, Ohio 43017
(d) During the last five years, Mr. Klein has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Klein has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Klein 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Ted Rysz
(b) 5131 Post Road
Dublin, Ohio 43017
(c) -----------------------
-----------------------
-----------------------
-----------------------
(d) During the last five years, Mr. Rysz has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Rysz has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Rysz 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) U.S. citizen.
- ------------------------------------------------------------------------------
- 33 -
<PAGE> 36
(a) Northern News Company ("Northern")
(b) State of organization: Michigan
(c) Principal business: Real Estate Management and Development
(d) During the last five years, Northern has not been convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, Northern has not been a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding
Northern 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.
- ------------------------------------------------------------------------------
(a) Wholesalers Leasing Corp. ("Wholesalers")
(b) State of organization: Delaware
(c) Principal business: Vehicle Leasing
(d) During the last five years, Wholesalers has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Wholesalers has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding
Wholesalers 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.
- ------------------------------------------------------------------------------
The executive officers of Northern are Ronald E. Scherer, David B.
Thompson, Arthur C. Foster, Sr. and Ruth Hunter Smith. The executive
officers of Wholesalers are Ronald E. Scherer, David B. Thompson, and
Ruth Hunter Smith. The directors of Northern and Wholesalers are Messrs,
Scherer and Thompson. The following is information relating to
Mr. Thompson, Mr. Foster and Ms. Smith:
(a) David B. Thompson
(b) 5131 Post Road
Dublin, Ohio 43017
(c) Treasurer
Northern and Wholesalers
wholesale periodical distributor
5131 Post Road
Dublin, Ohio 43017
- 34 -
<PAGE> 37
(d) During the last five years, Mr. Thompson has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, Mr. Thompson has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Thompson 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Arthur C. Foster, Sr.
(b) 5131 Post Road
Dublin, Ohio 43017
(c) Vice President
Northern
wholesale periodical distributor
5131 Post Road
Dublin, Ohio 43017
(d) During the last five years, Mr. Foster has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Foster has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Mr.
Foster 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) U.S. citizen.
- ------------------------------------------------------------------------------
(a) Ruth Hunter Smith
(b) 5131 Post Road
Dublin, Ohio 43017
(c) General Counsel
Northern and Wholesalers
wholesale periodical distributor
5131 Post Road
Dublin, Ohio 43017
(d) During the last five years, Ms. Smith has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
- 35 -
<PAGE> 38
(e) During the last five years, Ms. Smith has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding Ms.
Smith 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) U.S. citizen.
- ------------------------------------------------------------------------------
- 36 -
<PAGE> 39
The persons controlling Northern and Wholesalers are the Linda S. Haynor
Trust and the Ronald E. Scherer Trust.
(a) The Linda Haynor Talbott Trust
(b) State of organization: Ohio
(c) Principal business: trust operations
(d) During the last five years, the Linda Haynor Talbott Trust
has not been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) During the last five years, the Linda Haynor Talbott Trust
has not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of
which proceeding the Linda Haynor Talbott Trust 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.
- ------------------------------------------------------------------------------
(a) The Ronald E. Scherer Trust
(b) State of organization: Ohio
(c) Principal business: trust operations
(d) During the last five years, the Ronald E. Scherer Trust has
not been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, the Ronald E. Scherer Trust has
not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of
which proceeding the Ronald E. Scherer Trust 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.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
This Schedule 13D is being filed to report the formation of a group for
voting purposes. Each of the persons filing this Schedule 13D has entered into
a Shareholder Voting Agreement in connection with the transactions described in
Item 4.
The common shares, without par value ("Common Shares") of the Company
reported as beneficially owned by Thaddeus S. Majerek, Thaddeus A. Majerek, and
Michael J. Majerek, individually and as Trustees, were acquired (a) in
consideration for the transfer by them and certain other persons of all of the
stock of Michiana News Service, Inc. in exchange for Common Shares of the
Company and Senior and Subordinated Debentures of the Company in the Michiana
transaction described in Item 4 and (b) as payment of 67% of accrued interest
due to them through December 31, 1997, under the Senior and Subordinated
Debentures of the Company.
- 37 -
<PAGE> 40
The Common Shares of the Company reported as beneficially owned by
Richard Stoll, Sr., individually and as Trustee, Richard Stoll, Jr., Margaret M.
Stoll, Francis Stoll, Virginia Hiteshew, Stephanie Hamilton, Nancy Stoll Lyman,
John O. Stoll, III, Mary Olerich, James F. Stoll, William W. Stoll and Suzanne
M. Voss were acquired (a) in consideration for the transfer by them of all of
the stock of The Stoll Companies in exchange for Common Shares of the Company
and Senior and Subordinated Debentures of the Company in the Stoll transaction
described in Item 4 and (b) as payment of 67% of accrued interest due to them
through December 31, 1997, under the Senior and Subordinated Debentures of the
Company.
The Common Shares of the Company reported as beneficially owned by
Northern News Company were acquired (a) in consideration for the transfer by it
to the Company of all of its assets and liabilities related to the wholesale
distribution of periodicals in exchange for Common Shares of the Company and
Senior and Subordinated Debentures of the Company in the Northern transaction
described as part of the Scherer Affiliate transactions in Item 4 and (b) as
payment of 67% of accrued interest due to it through December 31, 1997, under
the Senior and Subordinated Debentures of the Company.
The Common Shares of the Company reported as beneficially owned by
Wholesalers Leasing Corp. were acquired (a) in consideration for the transfer by
it to the Company of all of its assets and liabilities related to the wholesale
distribution of periodicals in exchange for Common Shares of the Company and
Senior and Subordinated Debentures of the Company in the Wholesaler's
transaction described as part of the Scherer Affiliate transactions in Item 4
and (b) as payment of 67% of accrued interest due to it through December 31,
1997, under the Senior and Subordinated Debentures of the Company.
Of the Common Shares of the Company reported as beneficially owned by
Ronald E. Scherer, 500,000 shares were previously beneficially owned by him due
to his shared voting power of Common Shares of the Company owned by Ohio
Periodical Distributors, Inc. ("OPD"). In the OPD transaction described as part
of the Scherer Affiliate transactions in Item 4, OPD merged into the Company,
the 500,000 Common Shares owned by it became treasury stock of the Company and
the OPD shareholders received 1,019,077 Common Shares and Senior and
Subordinated Debentures of the Company. 99% of the OPD stock was owned by two
Scherer family trusts, over which Mr. Scherer shares voting power. As a result,
99% of the Common Shares, or 1,008,886 Common Shares now owned by the trusts,
are beneficially owned by Mr. Scherer. Additionally, Mr. Scherer shares voting
power over the Common Shares of the Company acquired by Northern News Company
and Wholesalers Leasing Corp. described above. Additionally, as a shareholder of
Scherer Companies, Mr. Scherer received 21,433 Common Shares in the Scherer
Companies transaction described as part of the Scherer Affiliate transactions in
Item 4, in which all of the stock of Scherer Companies was transferred to the
Company in exchange for Common Shares of the Company and Senior and Subordinated
Debentures of the Company. Finally, Mr. Scherer, the Scherer family trusts,
Northern, and Wholesalers received Common Shares as payment of 67% of accrued
interest due to them through December 31, 1997, under the Senior and
Subordinated Debentures of the Company issued to them in connection with the
Scherer Affiliate Transactions.
Of the Common Shares of the Company reported as beneficially owned by
Linda Talbott, 500,000 shares were previously beneficially owned by her due to
her shared voting power of common shares of the Company owned by Ohio Periodical
Distributors, Inc. ("OPD"). In the OPD transaction described as part of the
Scherer Affiliate transactions in Item 4, OPD merged into the Company, the
500,000 Common Shares owned by it became treasury stock of the Company and the
OPD shareholders received 1,019,077 Common Shares and Senior and Subordinated
Debentures of the Company. 99% of the OPD stock was owned by two Scherer family
trusts, over which Ms. Talbott shares voting power. As a result, 99% of the
Common
- 38 -
<PAGE> 41
Shares, or 1,008,886 Common Shares now owned by the trusts, are beneficially
owned by Ms. Talbott. Additionally, Ms. Talbott shares voting power over the
Common Shares of the Company acquired by Northern News Company and Wholesalers
Leasing Corp. described above. Additionally, as a shareholder of Scherer
Companies, Ms. Talbott received 21,433 Common Shares in the Scherer Companies
transaction described as part of the Scherer Affiliate transactions in Item 4,
in which all of the stock of Scherer Companies was transferred to the Company in
exchange for Common Shares of the Company and Senior and Subordinated Debentures
of the Company. Finally, Ms. Talbott the Scherer family trusts, Northern, and
Wholesalers received Common Shares as payment of 67% of accrued interest due to
them through December 31, 1997, under the Senior and Subordinated Debentures of
the Company issued to them in connection with the Scherer Companies transaction.
The Common Shares of the Company reported as beneficially owned by Ted
Rysz were acquired, as a shareholder of OPD, Scherer Companies, and Read-mor (a)
in the OPD, Scherer Companies, and Read-mor transactions described as part of
the Scherer Affiliate transactions in Item 4 and (b) as payment of 67% of
accrued interest due to him through December 31, 1997, under the Senior and
Subordinated Debentures of the Company issued to him in connection with the OPD,
Scherer Companies, and Read-mor transactions.
Both the Ronald E. Scherer Trust and the Linda Haynor Talbott
(collectively, the "Trusts") are governed under the same instrument and have the
same trustee. Therefore, the same trustee shares voting power over the Common
Shares beneficially owned by each Trust and each Trust is deemed to be the
beneficial owner of the Common Shares beneficially owned by the other Trust. Of
the Common Shares of the Company reported as beneficially owned by the Trusts,
500,000 Common Shares of the Company owned by Ohio Periodical Distributors, Inc.
("OPD") were previously beneficially owned due to the Trust Shared voting power
of Common Shares. In connection with the merger of OPD into the Company, the
500,000 Common Shares owned by it became treasury stock of the Company and the
OPD shareholders received 1,019,077 Common Shares and Senior and Subordinated
Debentures of the Company. 99% of the OPD stock was owned by Trusts. 99% of the
Common Shares, or 1,088,886 Common Shares now are beneficially owned by the
Trusts. Additionally, the Trusts share voting power over the Common Shares of
the Company acquired by Northern News Company ("Northern") and Wholesalers
Leasing Corp. ("Wholesalers"), in connection with the Company's acquisition of
the wholesale periodical assets of these two companies. Finally, the Trusts,
Northern, and Wholesalers received Common Shares of the Company as payment of
67% of accrued interest due to them through December 31, 1997, under the Senior
and Subordinated Debentures of the Company issued to them in connection with the
acquisitions described above.
Item 4. Purpose of the Transaction.
---------------------------
In connection with the various transactions described below, and as a
condition to the consummation of the transactions, the persons filing this
Schedule 13D entered into a Shareholder Voting Agreement. The Shareholder Voting
Agreement provides that during the term of the Agreement each party to the
Agreement will vote his or her Common Shares in favor of election to the
Company's board of directors of: (a) two Scherer Company representatives, (b)
two Stoll Company representatives, (c) two Klein Company representatives, and
(d) one Michiana representative. Ronald E. Scherer is to designate the Scherer
Company representatives to be elected by the group, Richard Stoll, Sr. and
Richard Stoll, Jr. are to designate the Stoll Company representatives to be
elected by the group, George R. Klein is to designate the Klein Company
representatives to be elected by the group, and Thaddeus S. Majerek is to
designate the Michiana Representative to be elected by the group. With the
consummation of the transactions described below this Shareholder Voting
Agreement is now effective and constitutes the formation of a group for voting
purposes. The Shareholder Voting Agreement is to terminate on the earlier to
occur of: (i) such time as all of the Debentures issued under the Debenture
Agreement in connection with the transactions described below, along with all
accrued interest thereon, have been paid in full; or (ii) at such time as the
Executive Committee consisting of Ronald E. Scherer, Richard Stoll, Sr., Richard
Stoll, Jr., Thaddeus S. Majerek and George R. Klein unanimously agrees to
terminate the Shareholder Voting Agreement.
Set forth below is a description of the transactions pursuant to which
the Shareholder Voting Agreement was entered into.
In order to provide the Company with a sufficient number of common
shares authorized to enable it to complete the share issuances necessary to
complete all of the following described transactions, the Company's shareholders
approved a one-for-ten reverse stock split of the Company's outstanding common
shares. The number of shares set forth in the following description of the
transactions are pre-reverse split.
(a) MICHIANA TRANSACTION. Pursuant to an Option Agreement
dated March 1, 1996 (the "Michiana Option Agreement"), between the
Company and Thaddeus A. Majerek, individually and on behalf of the
shareholders of Michiana News Services, Inc. (collectively, the
"Michiana Shareholders"), the Company was granted an option to acquire
Michiana News Services, Inc. ("Michiana") generally pursuant to the
terms set forth in the Michiana Option Agreement. Pursuant to the
Michiana Option Agreement, the Company entered into negotiations with
Michiana and the Michiana Shareholders. Effective July 30, 1996, the
Company entered into a Stock Transfer and Exchange Agreement with the
shareholders of Michiana pursuant to which the Michiana
- 39 -
<PAGE> 42
Shareholders transferred all of the outstanding shares of capital stock
in Michiana to the Company in exchange for 5,355,811 common shares,
without par value, of the Company and $3,500,000 principal amount of 8%
Senior Debentures of the Company Due 2002 and $2,334,256 principal
amount of 10% Subordinated Debentures of the Company Due 2004. On
September 3, 1997 the shareholders of the Company approved this
transaction and the transaction has been consummated.
(b) STOLL TRANSACTION. Pursuant to an Option Agreement dated
March 1, 1996 (the "Stoll Option Agreement"), between the Company and
The Stoll Companies, the Company was granted an option to acquire the
Stoll Companies ("Stoll") generally pursuant to the terms set forth in
the Stoll Option Agreement. Pursuant to the Stoll Option Agreement, the
Company entered into negotiations with Stoll and its shareholders (the
"Stoll Shareholders"). Effective July 31, 1996, the Company entered
into a Stock Transfer and Exchange Agreement with Stoll and the
shareholders of Stoll (the "Stoll Shareholders"), pursuant to which all
of the Stoll Shareholders will contribute their shares of stock of
Stoll to the Company in exchange for 19,584,662 shares of Common Stock
of the Company and $16,800,000 principal amount of 8% Senior Debentures
of the Company Due 2002, and $9,105,267 principal amount of 10%
Subordinated Debentures of the Company Due 2004. On September 3, 1997,
the shareholders of the Company approved this transaction and the
transaction has been consummated.
(c) SCHERER AFFILIATE TRANSACTIONS. Pursuant to an Option Agreement
dated March 1, 1996 (the "Option Agreement"), between the Company and
Linda Hayner Talbott individually and on behalf of the shareholders of
Ohio Periodical Distributors, Inc. ("OPD"), Northern News Company, and
its subsidiary, MacGregor News Agency, Inc. (collectively, "Northern"),
the Company was granted an option to acquire, at the option of the
seller, all or substantially all of the wholesale periodical
distribution assets and assume all or substantially all of the
wholesale periodical distribution liabilities of OPD and Northern,
generally pursuant to the terms set forth in the Option Agreement. OPD,
MacGregor, Northern, Wholesalers Leasing, Inc., the Scherer Companies,
and Read-mor Book Store, Inc., are companies affiliated with Ronald E.
Scherer, senior chairman of the Company (collectively, the "Scherer
Affiliates"). Effective July 29, 1996, the Company entered into an
Asset Transfer and Exchange Agreement with Northern, pursuant to which
the Company is to acquire such of the assets and liabilities of that
company as are related to the wholesale distribution of periodicals
(and pursuant to the agreement with Northern, to acquire all of the
stock of MacGregor held by Northern) in exchange for 1,335,425 shares
of Common Stock of the Company, $1,423,384 principal amount of 8%
Senior Debentures of the Company Due 2002, and $501,199 principal
amount of 10% Subordinated Debentures of the Company Due 2004.
Effective August 1, 1996, the Company entered into an Asset Transfer
and Exchange Agreement with OPD and the shareholders of OPD (the "OPD
Shareholders"), subsequently modified to a Stock Transfer and Exchange
Agreement. This Agreement has been amended to provide for the
Acquisition to be effected in the form of a merger, pursuant to which
OPD will merge with and into the Company and, in the merger, the stock
of OPD will be exchanged for 10,190,773 shares of Common Stock of the
Company and $7,404,807 principal amount of 8% Senior Debentures of the
Company Due 2002, and $76,013 principal amount of 10% Subordinated
Debentures of the Company Due 2004. Effective August 2, 1996, the
Company entered into an Asset Transfer and Exchange Agreement with
Wholesalers pursuant to which the Company is to acquire certain of the
assets of that company as are related to the wholesale distribution of
periodicals in exchange for 482,599 shares of Common Stock of the
Company and $306,799 principal amount of 8% Senior Debentures of the
Company Due 2002, and $388,711 principal amount of 10% Subordinated
Debentures of the Company Due 2004. Effective August 2, 1996, the
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<PAGE> 43
Company entered into a Stock Transfer and Exchange Agreement with
Scherer Companies and all of the shareholders of Scherer Companies (the
"Scherer Shareholders"), pursuant to which the Scherer Shareholders
will contribute their shares of stock of Scherer Companies to the
Company in exchange for 432,980 shares of Common Stock of the Company
and $62,614 principal amount of 8% Senior Debentures of the Company Due
2002, and $561,386 principal amount of 10% Subordinated Debentures of
the Company Due 2004. Also, effective August 2, 1996, the Company
entered into a Stock Transfer and Exchange Agreement with Read-mor Book
Store, Inc. ("Read-mor") and the shareholder of Read-mor (the "Read-mor
Shareholder"), pursuant to which the Read-mor Shareholder will
contribute his shares of stock of Read-mor to the Company in exchange
for 233,702 shares of Common Stock of the Company and $242,211
principal amount of 8% Senior Debentures of the Company due 2002 and
$94,594 principal amount of 10% Subordinated Debentures of the Company
due 2004. On September 3, 1997, the shareholders of the Company
approved these transactions and the transactions have been consummated.
(d) KLEIN TRANSACTION. Effective September 14, 1996, the
Company entered into a Stock Transfer and Exchange Agreement with the
George R. Klein News Agency, Inc., Central News Agency, Inc., and
Newspaper Sales, Inc. (collectively, "Klein"), and the sole shareholder
of Klein (the "Klein Shareholder"), pursuant to which the Klein
Shareholder will contribute his shares of stock of Klein to the Company
in exchange for 10,878,807 shares of Common Stock of the Company,
$10,180,000 principal amount of 8% Senior Debentures of the Company Due
2002, and $5,498,281 principal amount of 10% Subordinated Debentures of
the Company Due 2004.
Other than as described or referred to above. The Company is currently
attempting to raise additional equity by the issuance of its Common Shares
pursuant to a private offering. None of the persons filing this Schedule 13D has
any present plans or proposals which relate to or would result in: (a) the
acquisition by any person of additional securities of the Company or the
disposition of securities of the Company; (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; (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) changes in the Company's Articles of
Incorporation or Code of Regulations or other actions which may impede the
acquisition or control of the Company by any person; (h)causing the shares to
cease to be authorized to be quoted in an interdealer quotation system or 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 Exchange Act; or (j) any action similar to any of those
enumerated above. Each of the parties filing this Schedule 13D reserves the
right to formulate plans or proposals, and to take such action, in the future
with respect to any or all of the matters referred to in this Item and any other
matters as any of them may determine.
- 41 -
<PAGE> 44
Item 5. Interest in Securities of the Issuer.
--------------------------------------
<TABLE>
<CAPTION>
Common Shares Percent of
Name Beneficially Owned Class
---- ------------------- ----------
<S> <C> <C>
Ronald E. Scherer(1) 1,814,501 24.4%
Linda Hayner Talbott(1) 1,279,451 17.2%
Richard Stoll, Sr.(4) 421,750 5.7%
Richard Stoll, Jr. 153,350 2.1%
Margaret M. Stoll 153,392 2.1%
Francis Stoll 153,392 2.1%
Virginia Hiteshew 153,350 2.1%
Stephanie Hamilton 153,350 2.1%
Nancy Stoll Lyman 153,350 2.1%
John O. Stoll, III 153,350 2.1%
Mary Olerich 153,350 2.1%
James F. Stoll 153,392 2.1%
William W. Stoll 153,350 2.1%
Suzanne M. Voss 153,392 2.1%
Thaddeus S. Majerek(2) 290,609 3.9%
Thaddeus A. Majerek(3) 279,212 3.8%
Michael J. Majerek(3) 279,212 3.8%
Northern News Company(1) 144,476 1.9%
Wholesalers Leasing(1) 52,488 0.7%
Corp.
The Roger L. Scherer(1)(5) 1,245,450 16.7%
Trust FBO Ronald E.
Scherer U/A 6/14/79
The Roger L. Scherer(1)(5) 1,245,450 16.7%
Trust FBO Linda Hayner
Talbott U/A 6/14/79
George R. Klein 1,169,502 15.7%
Thaddeus S. Majerek(2) 290,609 3.9%
Self-Declaration of
Trust Dated 7/6/90
Irrevocable Family 279,212 3.8%
Trust Agreement
Dated 1/22/86,
Thaddeus S. Majerek(3)
Richard H. Stoll, Sr., Trust 421,750 5.7%
Ted Rysz 46,356 0.6%
Total for the Group 5,742,949 77.2%
- ------------------
Except as otherwise indicated below, the nature of the beneficial ownership for
all shares listed above is sole voting and investment power.
</TABLE>
- 42 -
<PAGE> 45
(1) The shares owned by Northern News Company, Wholesalers Leasing Corp.
and the two Scherer Trusts are also deemed to be beneficially owned by
Ronald E. Scherer and Linda Hayner Talbott, because they share voting
power over these shares.
(2) Thaddeus S. Majerek, as a trustee of a self-declaration of trust, has
voting power over all of the shares held in this trust and is,
therefore, deemed to be a beneficial owner thereof.
(3) Thaddeus A. Majerek and Michael J. Majerek are co-trustees of a family
trust and are deemed to be beneficial owners of the shares contained in
such trust because they share voting power over those shares.
(4) Richard Stoll, Sr., as trustee, has voting Power over all of
the shares held in this trust and is, therefore, deemed to be
beneficial owner thereof.
(5) The Scherer Trusts are covered under the same instrument and have the
same trustee. Therefore, the same trustee shares voting power over the
common shares beneficially owned by each trust and each trust is deemed
to be the beneficial owner of the common shares beneficially owned by
the other trust.
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect
--------------------------------------------------------------------
to Securities of the Issuer.
----------------------------
There are no other contracts, arrangements, understandings or
relationships among the persons named in Item 2 or between such persons and
others with respect to the securities of the Company. Each of the acquisitions
described in Item 4 were completed within the past 60 days. As disclosed in Item
2, Common Shares were issued to the persons filing this Schedule 13D in
connection with such acquisitions.
Item 7. Material to be Filed as Exhibits.
---------------------------------
1. Shareholder Voting Agreement, as amended, dated as of October
9, 1996 among the parties filing this Schedule 13D.
- 43 -
<PAGE> 46
Signatures
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: February 25, 1998
<TABLE>
<S> <C>
- ------------------------------------ ------------------------------------
RONALD E. SCHERER LINDA HAYNER TALBOTT
NORTHERN NEWS COMPANY
By: /s/ David B. Thompson, Treasurer
- ------------------------------------ ------------------------------------
TED RYSZ David B. Thompson, Treasurer
WHOLESALERS LEASING CORP.
By: /s/ David B. Thompson, Treasurer
------------------------------------
David B. Thompson, Treasurer
</TABLE>
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