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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
LANCE, INC.
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(NAME OF ISSUER)
$.83-1/3 PAR VALUE COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
514606 10 2
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(CUSIP NUMBER)
A. ZACHARY SMITH III
100 N. TRYON STREET, SUITE 4200
CHARLOTTE, NORTH CAROLINA 28202 (704) 331-7400
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
MARCH 8, 1998
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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 schedule because of Rule 13d-1(b)(3) or (4), check the
following box: [ ]
Page 1 of 6
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13D
CUSIP No. 514606 10 2 Page 2 of 6 Pages
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<TABLE>
<CAPTION>
========== ==============================================================================================================
<S> <C>
1 NAME OF REPORTING PERSON Nancy Van Every McLaurin
S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
================ ======== ===============================================================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES 844,180
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
844,180
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
844,180
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
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14 TYPE OF REPORTING PERSON*
IN
========== ==============================================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
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ITEM 1. SECURITY AND ISSUER.
(a) Title of Security: Lance, Inc., $.83-1/3 par value Common
Stock
(b) Name of Issuer: Lance, Inc.
(c) Address of Issuer's Principal Executive Offices:
8600 South Boulevard
Charlotte, North Carolina 28273
ITEM 2. IDENTITY AND BACKGROUND.
(a) Name of Person Filing: Nancy Van Every McLaurin
(b) Address of Principal Business Office or, if none, Residence:
10547 Oak Pond Circle
Charlotte, North Carolina 28277
(c) Present Occupation: Private Investor
(d) None
(e) None
(f) Citizenship: United States of America
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Mrs. McLaurin has been a director of the issuer since April 21, 1995.
Since 1990, she has held a power of attorney from her mother which includes the
power to vote and dispose of shares of the issuer's Common Stock owned by her
mother. Her mother died on March 8, 1998 and the power of attorney terminated on
such date by operation of law. Mrs. McLaurin has not acquired any shares of the
issuer in recent years other than shares received as gifts by her as custodian
for her minor children, shares received upon the automatic reinvestment of
dividends of the issuer as custodian for her children and pursuant to the grant
of options to purchase an aggregate of 7,500 shares of the issuer's Common Stock
pursuant to the Lance, Inc. 1995 Nonqualified Stock Option Plan for Non-Employee
Directors. All such options are exercisable or become exercisable within 60 days
of the date hereof. Such options have not yet been exercised and Mrs. McLaurin
has no present intention to exercise such options. Under the Lance, Inc. 1995
Nonqualified Stock Option Plan for Non-Employee Directors, each eligible
director (which includes Mrs. McLaurin) is automatically granted an option to
purchase 4,000 shares of Common Stock on May 1 of each year at the fair market
value on such date, subject to adjustment in the event of stock dividends and
splits, recapitalizations and similar transactions and subject to an aggregate
limit (before such adjustment) of 100,000 shares. The issuer has submitted a
proposal to its stockholders for
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consideration at the Annual Meeting of Stockholders scheduled for April 17, 1998
to increase the aggregate limit to 300,000 shares.
ITEM 4. PURPOSE OF TRANSACTION.
See response to Item 3 above. Mrs. McLaurin has no plans or proposals
which 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;
(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 of 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, including but not limited to, if the
issuer is a registered closed-end investment company, any
plans or proposals to make any changes in its investment
policy for which a vote is required by Section 13 of the
Investment Company Act of 1940;
(g) Changes in the issuer's charter, bylaws 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; or
(j) Any action similar to any of those enumerated above.
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ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) See blocks 7 through 13 of the Cover Page. Shares include
7,500 shares as to which Mrs. McLaurin has a right to acquire
pursuant to the exercise of stock options.
(b) See blocks 7 through 10 of the Cover Page.
(c) None.
(d) Not applicable.
(e) March 8, 1998.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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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.
/s/ Nancy Van Every McLaurin
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Nancy Van Every McLaurin March 18, 1998
