SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Final Amendment)
SCHEDULE 13D
Under the Securities Exchange Act of 1934
DMI FURNITURE, INC.
(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
(Title of Class of Securities)
233230 10 1
(CUSIP Number)
Joseph G. Hill
Secretary
DMI Furniture, Inc.
One Oxmoor Place
101 Bullitt Lane
Louisville, Kentucky 40222
(502)426-4351
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 29, 1998
(Date of Event Which Requires Filing of This Statement)
<PAGE>
CUSIP NO. - 233230 10 1
(1) Name of reporting person. . . . . . . . . . C. Edward
Glasscock
S.S. or I.R.S. No. of
above person. . . . . . . . . . . . . . . ###-##-####
(2) Check the appropriate box
if a member of a group
(see instructions). . . . . . . . . . . . (a)
(b) X
(3) SEC use only. . . . . . . . . . . . . . .
(4) Source of funds (see instructions). . . . PF, BK
(5) Check box if disclosure
of legal proceedings is
required pursuant to
Items 2(d) or 2(e). . . . . . . . . . . .
(6) Citizenship or place
of organization . . . . . . . . . . . . . U.S.
Number of shares beneficially
owned by each reporting person
with:
(7) Sole voting power. . . . . . . . . . . . . 111,825
(8) Shared voting power. . . . . . . . . . . . 0
(9) Sole dispositive power . . . . . . . . . . 111,825
(10) Shared dispositive power . . . . . . . . . 0
(11) Aggregate amount beneficially
owned by each reporting person . . . . . . 118,897
(12) Check box if the aggregate amount
in Row (11) excludes certain
shares (see instructions). . . . . . . . .
(13) Percent of class represented
by amount in Row (11). . . . . . . . . . . 3.1%
(14) Type of reporting person . . . . . . . . . IN
<PAGE>
C. Edward Glasscock hereby amends this Schedule 13D to report
that he no longer owns more than 5% of the common stock, par value
$.10 per share ("Common Shares"), of DMI Furniture, Inc. ("DMI").
Item 5. Interest in Securities of the Issuer.
a. As of August 29, 1998, C. Edward Glasscock
beneficially owned 118,897 shares, or 3.1%, of the Common Shares.
b. Mr. Glasscock owns 111,825 Common Shares with sole
voting and dispositive power. Mary F. Glasscock, Mr. Glasscock's
wife, owns 4,072 Common Shares and holds currently exercisable
options to purchase 3,000 Common Shares, with respect to all of
which she has sole voting and dispositive power.
c. Mr. Glasscock has not acquired or disposed of
beneficial ownership of Common Shares since June 30, 1998 except as
noted below.
On August 13, 1998, Mr. Glasscock was issued 11,438 Common
Shares upon his conversion of 5,719 shares of DMI's Class C
Preferred Stock, par value $2.00 per share ("Preferred Shares").
On August 29, 1998, DMI redeemed all of its outstanding
Preferred Shares for $3.00 per Preferred Share in cash, in
accordance with its Certificate of Incorporation. Mr. Glasscock,
Mrs. Glasscock and a corporation controlled by them held a total of
327,139 Preferred Shares which had been convertible into 401,397
Common Shares.
DMI issued Mrs. Glasscock 2,043 Common Shares as of August 29,
1998, as a fee payable to Mrs. Glasscock's for her services as a
director during DMI's fiscal year ended August 29, 1998. The value
of these Common Shares was $6,000, based on the $2.94 trading price
of the Common Share reported on the Nasdaq Small Cap Market at the
close of business on August 28, 1998, the last trading day of DMI's
fiscal year.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
/s/ C. Edward Glasscock
Date: December 8, 1998