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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:
Thomas L. Gerlacher
United Magazine Company
5131 Post Road
Dublin, Ohio 43017
(614) 792-0777
January 24, 2000
(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: [ ]
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CUSIP No. 91-0810209
(1) Names of Reporting Person. S.S.
or I.R.S. Identification Nos. of Ronald E. Scherer ###-##-####
Above Persons
(2) Check the appropriate Box if a
Member of a Group (see (a)
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 499,051
Beneficially Owned Power
By Each Reporting
Person With (8) Shared Vot- 1,232,590
ing Power
(9) Sole Disposi- 499,051
tive Power
(10) Shared
Dispositive
Power
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,731,641
(12) Check if the Aggregate Amount in
Row (11) Excludes Certain Shares
(see instructions)
(13) Percent of Class Represented by
Amount in Row (11) 22.58%
(14) Type of Reporting Person (see
instructions) IN
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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.
------------------------
(a) Ronald E. Scherer ("Scherer")
(b) 5131 Post Road
Dublin, Ohio 43017
(c) Chairman
United Magazine Company
wholesale periodical distributor
5131 Post Road
Dublin, Ohio 43017
(d) 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 M.r 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.
- --------------------------------------------------------------------------------
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
Mr. Scherer received cash in consideration of the disposition of the
161,500 shares.
Item 4. Purpose of Transaction.
-----------------------
Mr. Scherer has transferred 161,500 common shares to West Virginia
Healthcare, Inc. in exchange for $1,615,000 in cash in a private transaction.
Item 5. Interest in Securities of Issuer.
--------------------------------
(a)
Common Shares
Name Beneficially Owned Percent of Class
---- ------------------ ----------------
Ronald E. Scherer(1) 1,731,641 22.58%
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---------------------
Except as otherwise indicated below, the nature of the beneficial
ownership For all shares listed above is sole voting and investment
power.
(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 those shares.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
---------------------------------------------------------------------
to Securities of the Issuer.
----------------------------
None.
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Signature
---------
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: January 24, 2000
/s/ Ronald E. Scherer
--------------------------------
Ronald E. Scherer
