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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
First of Michigan Capital Corporation
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(Name of Issuer)
Common Stock, $.10 par value
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(Title of Class of Securities)
320862 10 5
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(CUSIP Number)
Mr. Albert G. Lowenthal
c/o Fahnestock & Co. Inc.
110 Wall Street
New York, New York 10005
(212) 668-8000
(Name, Address, and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 11, 1997
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(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
statement because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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.
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CUSIP No. 320862 10 5
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FMCC Acquisition Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,418,351 Shares (see Items 6 and 7)
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8 CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ]
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 53% of the shares outstanding on a fully diluted basis as of
May 14, 1997
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10 TYPE OF REPORTING PERSON CO
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Page 2 of 7 Pages
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CUSIP No. 320862 10 5
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fahnestock & Co. Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION New York
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,418,351 Shares (see Items 6 and 7)
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8 CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ]
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 53% of the shares outstanding on a fully diluted basis as of
May 14, 1997
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10 TYPE OF REPORTING PERSON CO
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Page 3 of 7 Pages
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CUSIP No. 320862 10 5
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fahnestock Viner Holdings Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Ontario
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,418,351 Shares (see Items 6 and 7)
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8 CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ]
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 53% of the shares outstanding on a fully diluted basis as of
May 14, 1997
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10 TYPE OF REPORTING PERSON CO
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Page 4 of 7 Pages
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CUSIP No. 320862 10 5
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
Albert G. Lowenthal
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,418,351 Shares (see Items 6 and 7)
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8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) Approximately 53% of
the shares outstanding on a fully diluted basis as of May 14, 1997
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10 TYPE OF REPORTING PERSON IN
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This Amendment No. 1 amends and supplements the Statement on Schedule
13D (the "Schedule 13D"), included as part of the Schedule 14D-1 previously
filed by Fahnestock Viner Holdings Inc., an Ontario corporation ("Holdings"),
Fahnestock & Co. Inc., a New York corporation ("Fahnestock") and FMCC
Acquisition Corp., a Delaware corporation (the "Purchaser"). The Schedule 13D
relates to the common stock, par value $.10 per share, of First of Michigan
Capital Corporation, a Delaware corporation (the "Company"). Capitalized terms
used and not defined in this Amendment have the meaning set forth in the
Schedule 13D.
* * *
1. Mr. Albert G. Lowenthal ("Lowenthal") is the beneficial
owner (through a corporation that is wholly owned by Lowenthal, Phase II
Financial Limited, an Ontario corporation) of 50.2% of the outstanding Class B
voting stock of Holdings. The Class B voting stock of Holdings is the only class
of voting securities of Holdings. As a result of the foregoing, Lowenthal may be
deemed to share beneficial ownership of 1,418,351 Shares with the Reporting
Persons, if and to the extent the Reporting Persons may be deemed to be
beneficial owners of such Shares as a result of the Purchaser's entering into
that certain Securities Purchase Agreement dated as of June 11, 1997, among the
Purchaser, 1888 Limited Partnership and DST Systems, Inc. Lowenthal specifically
disclaims any beneficial ownership of such Shares pursuant to Rule 13d-4.
* * *
2. For purposes of the Schedule 13D only, Lowenthal is
included as a "Reporting Person", together with Holdings, Fahnestock and the
Purchaser.
* * *
3. Except as specifically provided herein, this
Amendment does not modify any of the information previously reported on the
Schedule 13D.
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SIGNATURE
After due 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: June 20, 1997
FAHNESTOCK VINER HOLDINGS INC.
By: /s/ Albert G. Lowenthal
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Name: Albert G. Lowenthal
Title: Chairman
FAHNESTOCK & CO. INC.
By: /s/ Albert G. Lowenthal
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Name: Albert G. Lowenthal
Title: Chairman
FMCC ACQUISITION CORP.
By: /s/ Albert G. Lowenthal
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Name: Albert G. Lowenthal
Title: Chairman
/s/ Albert G. Lowenthal
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Name: Albert G. Lowenthal
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