SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AUTOINFO, INC.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
052777109
(CUSIP Number)
Robert G. Risher
3800 Greenhouse Rd.
Houston, TX 77084
(713) 467-1667
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Reporting Person)
January 5, 1998
(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 [ ] .
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (However, see
the Notes.)
<PAGE>
CUSIP No. 052777109
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1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of
Above Persons:
Robert G. Risher
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3) SEC Use Only
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4) Sources of Funds (See Instructions): WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6) Citizenship or Place of Organization: U.S.
Number of (7) Sole Voting Power: 514,600
Shares Bene-
ficially (8) Shared Voting Power -0-
Owned by
Each Report- (9) Sole Dispositive Power: 514,600
ing Person
With (10) Shared Dispositive Power -0-
- - -----------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person: 514,600
- - -----------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- - ----------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11): 6.4%
- - ----------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions): IN
<PAGE>
Item 1. Security and Issuer
This statement relates to the Common Stock, $0.01 par value ("Common
Stock") of AUTOINFO, INC. ("Issuer"). The principal executive offices of the
Issuer are presently located at One Paragon Drive, Suite 255, Montvale, New
Jersey 07645.
Item 2. Identity and Background
The Reporting Person is Robert G. Risher, 3800 Greenhouse Road, Houston
Texas 77084. The Reporting Person is retired. Mr. Risher purchased the
514,600 shares of Common Stock for investment purposes.
Robert G. Risher, during the last five (5) years has not been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors).
Robert G. Risher, during the last five (5) years, has not been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was or is subject to a
judgement, decree or final order enjoining final violations of, or prohibiting
or mandating activities subject to federal or state securities laws or finding
any violation with respect to such laws.
The above individual is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Person has purchased Common Stock over a number of years at
prices ranging from over $3.00 per share to less than $0.50 per share. His
most recent purchase of 70,000 shares of Common stock triggered his filing
obligation under this Schedule 13D. The Reporting Person paid a total of
$31,500 ($0.45 per share) in exchange for the 70,000 shares of Common Stock he
most recently purchased. The source of the funds was from the Reporting
Person's working capital.
Item 4. Purpose of Transaction
The purpose of the transaction was to provide the Reporting Person with
Common Stock of the Issuer as part of its investment portfolio.
The Reporting Person is not a Director or Officer of the Issuer.
The Reporting Person reserves the right to actively pursue various
proposals which could relate to or would result in:
a. The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
<PAGE>
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
c. A sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
d. Any change in the present board of directors or management of the
Issuer, 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 Issuer;
f. Any other material change in the Issuer's business or corporate
structure;
g. Changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person;
h. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
i. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
j. Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
As of January 5, 1998 the Reporting Person had an interest in the Securities
of the Issuer as follows:
Name: Robert G. Risher
No. of Shares: 514,600
Voting Power: Sole
Disposition Power: Sole
Aggregate Percentage Beneficially Owned*: 6.4%
*Based upon 8,018,752 shares of Common Stock outstanding as reported in
the Issuer's Form 10-Q for the quarter ended September 30, 1997.
During the past Sixty (60) days, the Reporting Person purchased 70,000
shares of Common Stock at a price of $0.45 per share. All shares of Common
Stock were purchased in open market transactions.
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with respect
to the Securities of the Issuer.
Except as set forth elsewhere in this Schedule 13D, there are no
contracts, arrangements, understandings or relationships among the Reporting
Person or any other person with respect to any securities of the Issuer,
including but not limited to the transfer of voting of any securities,
finder's fees, joint ventures, loan or option agreements, puts or calls,
guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.
Item 7. Material to be Filed as Exhibits
Not Applicable
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.
Dated: January 14, 1998
/s/Roberg G. Risher
Robert G. Risher
