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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Digital Sound Corporation
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
253911101
(CUSIP Number)
Stephen R. Nelson, Esq.
Moore Capital Management, Inc.
1251 Avenue of the Americas
New York, New York
10020
(212) 782-7102
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 19, 1997
(Date of Event which Requires Filing 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 [ ].
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SCHEDULE 13D
CUSIP No. 253911101
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Moore Capital Management, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
NUMBER OF
SHARES 1,646,670
BENEFICIALLY
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
1,646,670
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,646,670
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%
14. TYPE OF REPORTING PERSON*
CO, IA
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SCHEDULE 13D
CUSIP No. 253911101
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Louis M. Bacon
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
NUMBER OF
SHARES 2,008,130
BENEFICIALLY
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
2,008,130
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,008,130
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
14. TYPE OF REPORTING PERSON*
IN, IA
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SCHEDULE 13D
CUSIP No. 253911101
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Moore Global Investments, Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
NUMBER OF
SHARES 1,646,670
BENEFICIALLY
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
1,646,670
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,646,670
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%
14. TYPE OF REPORTING PERSON*
CO
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This statement amends and supplements the information set forth in the
Schedule 13D (the "Schedule 13D") filed by the Reporting Persons (as defined
therein) with the Securities and Exchange Commission on December 29, 1997, and
constitutes Amendment No. 1 to the Schedule 13D ("Amendment No. 1"). Capitalized
terms used herein without definition shall have the meaning assigned to such
terms in the Schedule 13D. This Amendment No. 1 is being filed solely to correct
an inadvertent error contained in Item 5(c) of the Schedule 13D previously filed
with respect to the number of Series B Preferred Shares purchased by RIS.
Item 5. Interest in Securities of the Issuer
Item 5(c) is revised and amended in its entirety as set forth below.
(c) On December 19, 1997, MGI and RIS purchased from the Company
164,667 and 36,146 Series B Preferred Shares, respectively, at a price per share
of $7.50. Such purchases were the only transactions effected by the Reporting
Persons with respect to Common Shares within the past 60 days. In connection
with such purchase of Series B Preferred Shares, MGI and RIS also purchased from
the Company $609,997.50 and $133,905, respectively, in principal amount of
Convertible Notes of the Company (the "Convertible Notes"). If shareholders of
the Company approve an amendment to the Company's articles of incorporation, the
Convertible Notes held by MGI will automatically convert into 81,333 Series B
Preferred Shares and the Convertible Notes held by RIS will convert into 17,854
Series B Preferred Shares.
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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.
December 31, 1997
MOORE CAPITAL MANAGEMENT, INC.
By: /s/ Kevin F. Shannon
------------------------------
Name: Kevin F. Shannon
Title: Treasurer and Chief
Financial Officer
LOUIS M. BACON
/s/ Kevin F. Shannon
-----------------------------
Attorney-in-Fact
MOORE GLOBAL INVESTMENTS, LTD.
By:
By: /s/ Kevin F. Shannon
--------------------------
Name: Kevin F. Shannon
Title: Attorney-in-Fact
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