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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
NIAGARA CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.001
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(Title of Class of Securities)
653349100
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(CUSIP Number)
Jon S. Kimmel
17723 Lake Estates Drive
Boca Raton, Florida 33496
(561) 852-6541
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(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
DECEMBER 22, 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
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.
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On August 28, 1997, there was filed with the Securities and Exchange
Commission a Statement on Schedule 13D (the "Statement") relating to shares of
Common Stock, par value $.001 per share (the "Common Stock"), of Niagara
Corporation (the "Company"), beneficially owned by Jon S. Kimmel. All
capitalized terms used herein and not otherwise defined herein shall have the
same respective meanings as used in the Statement.
This Amendment No. 1 is being filed to terminate the Statement as a
result of the exercise of outstanding warrants (the "Warrants"), pursuant to
which all holders of Warrants received an aggregate of 6,042,990 shares of
Common Stock.1 As a result of the exercise of the Warrants and the issuance by
the Company of the additional shares of Common Stock pursuant to such exercise,
Mr. Kimmel has ceased to own beneficially more than 5% of the Company's Common
Stock.
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1 As reported in the Company's Current Report on Form 8-K, filed on
December 22, 1997.
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
/s/ JON S. KIMMEL
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Jon S. Kimmel
