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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the box. []
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| 1) |
Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only). Steve Toth, Jr. (S.S. # ###-##-####) |
| 2) |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) ___ (b) ___ |
| 3) | SEC Use Only |
| 4) | Source of Funds (See Instructions) WC |
| 5) | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |
| 6) | Citizenship or Place of Organization United States |
| Number of Shares Beneficially Owned by Each Reporting Person With | (7) | Sole Voting Power | 15,182,759 (45.78% of 33,164,075 shares) |
| (8) | Shared Voting Power | 12,722,996 (38.36%) | |
| (9) | Sole Dispositive Power | 15,182,759 (45.78%) | |
| (10) | Shared Dispositive Power | 12,722,996 (38.36%) |
| 11) |
Aggregate Amount Beneficially Owned by Each Reporting Person 27,905,755 (84.14%) |
| 12) | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
| 13) |
Percent of Class Represented by Amount in Row (11) 84.14% of 33,164,075 shares. |
| 14) | Type of Reporting Person (See Instructions): IN |
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The Item 1 response is restated in its entirety as follows:
This Amendment No. 14 to the Statement on Schedule 13D dated January 14, 1994, as amended by Amendment No. 1 dated February 26, 1994, Amendment No. 2 dated September 8, 1995, Amendment No. 3 dated February 18, 1997, Amendment No. 4 dated July 30, 1997, and Amendment No. 5 dated November 19, 1997, Amendment No 6A dated May 21, 1999, Amendment No. 7 dated August 16, 1999, Amendment No. 8 dated September 10, 1999, Amendment No. 9 dated October 12, 1999, Amendment No. 10 dated November 10, 1999, Amendment No. 11 dated December 13, 1999, Amendment No. 12 dated January 11, 2000 and Amendment dated April 7, 2000 relates to the Common Stock, par value $.01 per share, of VSI Holdings, Inc. ("VSI"), a Georgia corporation, the principal address of which is 2100 North Woodward Ave., Suite 201 West, Bloomfield Hills, MI 48304.
The Item 2 response is restated in its entirety as follows:
This Amendment No. 14 is filed by Steve Toth, Jr. ("Toth"), whose business address is 2100 North Woodward Ave., Suite 201 West, Bloomfield Hills, Michigan 48304. Toth is President of VSI and a United States citizen. During the last five years, Toth has not been convicted in a criminal proceeding and has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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 thereof.
The Item 3 response incorporates all previous filings of Toth and is hereby amended by adding the following:
The open market purchases reported by this Amendment No. 14 occurred April 15 and July 10, 2000. CLT, a Michigan partnership of which Toth is controlling partner ("CLT"), purchased 3,000 and 30,000 shares on the open market at $2.864 and $3.050 average per share. CLT used its own, not borrowed, monies to fund the $8,592 and $91,505 respective purchases of the 3,000 and 30,000 shares.
The Item 4 response is not amended in any way.
The Item 5 response incorporates all previous filings of Toth and is hereby amended by adding the following:
(a) As of the date of this Amendment No. 14, Toth beneficially owned 27,905,755 shares, or approximately 84.14% of the 33,164,075 outstanding (excluding 400,250 treasury shares):
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| (1) | Toth is deemed to have the sole right to vote and dispose of the 2,055,586, 400,000, 11,826,323, and 900,850 shares (15,182,759 total; 45.78%) owned by (i) CLT, (ii) Toth as trustee of a Trust Agreement dated December 20, 1976 f/b/o Steve Toth, Jr.,(iii) Toth as trustee of a Trust Agreement dated July 9, 1983 f/b/o Steve Toth, Jr., and (iv) Toth as Executive Director of the Foundation, respectively, because as owner, controlling partner or trustee, Toth has sole voting and dispositive powers over those 15,182,759 shares |
| (2) | The 11,712,199 and 1,010,797 shares (12,722,996 total; 38.36%) are owned by Toth's spouse as trustee of (i) a Trust Agreement dated September 1, 1976 for the benefit of Toth's adult daughter and (ii) a Trust Agreement dated July 9, 1982 for the benefit of Toth's spouse, respectively. Because Toth's spouse may not be reasonably expected to oppose Toth's initiatives, Toth is deemed to have shared voting and dispositive powers over those 12,722,996 shares. |
None.
None.
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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: August 10, 2000 | /s/ Steve Toth, Jr. |
| Steve Toth, Jr. |
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