SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
UNITED STATIONERS INC.
(Name of Issuer)
COMMON STOCK, $0.10 PAR VALUE
(Title of Class of Securities)
913004 10 7
(CUSIP Number)
Gary Miller
301 Commerce Street, Suite 1470
Fort Worth, Texas 76102
(817) 335-5554
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 13, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss. ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) 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 1 of 14 Pages
<PAGE>
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CUSIP No. 913004 10 7
--------------------------------------------------------
================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Cumberland Capital Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 339,587**
BENEFICIALLY ---------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH ---------------------------------------
9 SOLE DISPOSITIVE POWER
339,587**
----------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
339,587
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
================================================================================
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Items 3, 5 and 6.
** See Item 3.
Page 2 of 14 Pages
<PAGE>
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CUSIP No. 913004 10 7
--------------------------------------------------------
================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
ASI Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY ----------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH ----------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Items 3, 5 and 6.
Page 3 of 14 Pages
<PAGE>
--------------------------------------------------------
CUSIP No. 913004 10 7
--------------------------------------------------------
================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
ASI Partners II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY ----------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH ----------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Items 3, 5 and 6.
Page 4 of 14 Pages
<PAGE>
--------------------------------------------------------
CUSIP No. 913004 10 7
--------------------------------------------------------
================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
ASI Partners III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY ----------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH ----------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
* The reporting person expressly disclaims (i) the existence of any
group and (ii) beneficial ownership with respect to any shares
other than the shares owned of record by such reporting person.
See Items 3, 5 and 6.
Page 5 of 14 Pages
<PAGE>
This Amendment No. 11 to Schedule 13D (this "Amendment") amends and
supplements the Schedule 13D, as previously amended (the "Schedule 13D"),
originally filed with the Securities and Exchange Commission with respect to the
acquisition (the "Acquisition") by Associated Holdings, Inc., a Delaware
corporation ("Associated"), of 17,201,839 shares of the common stock, $0.10 par
value ("Common Stock"), of United Stationers Inc., a Delaware corporation (the
"Company"), which was effected on March 30, 1995. Immediately following the
Acquisition, Associated was merged with and into the Company, and the separate
corporate existence of Associated thereafter ceased. Accordingly, the
information set forth in the Schedule 14D-1, as amended (the "Schedule 14D-1"),
of which the Schedule 13D formed a part, relating to the ownership of Associated
(and, accordingly, the beneficial ownership of the Company), is hereby amended
as follows:
Item 1. Security and Issuer.
Common Stock, $0.10 par value
United Stationers Inc.
2200 East Golf Road
Des Plaines, Illinois 60016-1267
Item 2. Identity and Background.
(a) Name of Person(s) Filing this Statement (the "Filing Parties"):
1. Cumberland Capital Corporation ("CCC");
2. ASI Partners, L.P. ("ASI Partners");
3. ASI Partners II, L.P. ("ASI Partners II"); and
4. ASI Partners III, L.P. ("ASI Partners III").
(b) Residence or Business Address:
The address of the principal business office of each of the
Filing Parties is 301 Commerce Street, Suite 1470, Fort Worth,
Texas 76102.
(c) Present Principal Occupation:
Each of the Filing Parties is a business organization
engaged in principal investing activities.
(d) Convictions in Criminal Proceedings during the last 5 Years:
None of the Filing Parties has been convicted in a criminal
proceeding during the last 5 years.
Page 6 of 14 Pages
<PAGE>
(e) Proceedings involving Federal or State Securities Laws:
None of the Filing Parties has been a party to any civil
proceeding as a result of which such Filing Party was 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) Citizenship:
The place of incorporation or organization of each of the
Filing Parties is Delaware.
Item 3. Source and Amount of Funds or Other Consideration.
On February 13, 1998, ASI Partners, ASI Partners II and ASI Partners III
distributed all of their shares of Common Stock to their respective general and
limited partners in kind pursuant to the terms of their respective limited
partnership agreements. Prior to such distributions, ASI Partners held
1,686,939.77 shares of Common Stock, ASI Partners II held 573,720.27 shares of
Common Stock and ASI Partners III held 224,499.31 shares of Common Stock. CCC,
as the sole general partner and a limited partner of each of the partnerships,
received an aggregate of 230,511 shares of Common Stock (including a currently
exercisable warrant to acquire 1,503 shares of Common Stock) pursuant to such
distributions. No funds or other consideration were required to be paid by CCC
to receive such distributions. Prior to such distributions, CCC held 109,076
shares of Common Stock.
Item 4. Purpose of Transaction.
CCC acquired the 230,511 shares of Common Stock as a result of the
distribution of certain assets by ASI Partners, ASI Partners II and ASI Partners
III to their respective general and limited partners. See Item 3 above.
Item 5. Interest in Securities of Issuer.
(a)-(b) The information contained in Rows 7, 8, 9, 10, 11 and 13 of
the cover pages hereto for each of CCC, ASI Partners, ASI
Partners II and ASI Partners III is incorporated herein by
reference. The percentage amounts set forth in Row 13 of
each cover page filed herewith is calculated based upon the
16,024,019 shares of Common Stock outstanding as of March 6,
1998, which information was obtained from the Company's
Annual Report on Form 10-K for the fiscal year ended
December 31, 1997.
Page 7 of 14 Pages
<PAGE>
(c) The information contained in Item 3 is incorporated herein
by reference.
(d) Not applicable.
(e) As of February 13, 1998, each of the Filing Parties ceased
to be the beneficial owner of more than five percent of the
Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
the Securities of the Issuer.
The rights to distributions, division of profits and other arrangements
relating to the Company's securities owned of record by each of ASI Partners,
ASI Partners II and ASI Partners III and their respective general and limited
partners are governed exclusively by their respective partnership agreements.
Item 7. Material to be Filed as Exhibits.
The following has been filed as an Exhibit to this Amendment No. 11 to
Schedule 13D:
Exhibit A - Joint Filing Agreement dated March 31, 1998, among the
Filing Parties.
Page 8 of 14 Pages
<PAGE>
SIGNATURE
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.
Date: March 31, 1998 CUMBERLAND CAPITAL CORPORATION
/s/ Gary Miller
-----------------------------------
Gary Miller
President
Page 9 of 14 Pages
<PAGE>
SIGNATURE
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.
Date: March 31, 1998 ASI PARTNERS, L.P.
By: Cumberland Capital Corporation
By: /s/ Gary Miller
---------------------------
Gary Miller
President
Page 10 of 14 Pages
<PAGE>
SIGNATURE
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.
Date: March 31, 1998 ASI PARTNERS II, L.P.
By: Cumberland Capital Corporation
By: /s/ Gary Miller
---------------------------
Gary Miller
President
Page 11 of 14 Pages
<PAGE>
SIGNATURE
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.
Date: March 31, 1998 ASI PARTNERS III, L.P.
By: Cumberland Capital Corporation
By: /s/ Gary Miller
---------------------------
Gary Miller
President
Page 12 of 14 Pages
<PAGE>
EXHIBIT INDEX
Name of Exhibit Page Number
- --------------- -----------
A. Joint Filing Agreement dated March 31, 1998, among 14
Cumberland Capital Corporation, ASI Partners, L.P.,
ASI Partners II, L.P. and ASI Partners III, L.P.
Page 13 of 14 Pages
<PAGE>
JOINT FILING AGREEMENT
The undersigned, and each of them, do hereby agree and consent to the
filing of a single statement on behalf of all of them on Schedule 13D and
amendments thereto, in accordance with the provisions of Rule 13d-1(f)(1) of the
Securities Exchange Act of 1934.
Date: March 31, 1998 CUMBERLAND CAPITAL CORPORATION
/s/ Gary Miller
-----------------------------------
Gary Miller
President
Date: March 31, 1998 ASI PARTNERS, L.P.
By: Cumberland Capital Corporation
By: /s/ Gary Miller
---------------------------
Gary Miller
President
Date: March 31, 1998 ASI PARTNERS II, L.P.
By: Cumberland Capital Corporation
By: /s/ Gary Miller
---------------------------
Gary Miller
President
Date: March 31, 1998 ASI PARTNERS III, L.P.
By: Cumberland Capital Corporation
By: /s/ Gary Miller
---------------------------
Gary Miller
President
Page 14 of 14 Pages
