LADD FURNITURE INC
SC 13G/A, 1998-02-11
HOUSEHOLD FURNITURE
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<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
             TO RULES 13D-1(B) AND (C) AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13D-2(B)
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. 14 )*



                              LADD Furniture, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                          Common Stock, $.30 Par Value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    505739201
                                    ---------
                                 (CUSIP Number)


Check the following box if a fee is being paid with this statement |_|. (A fee
is not required only if the filing 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.)

*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 the
disclosures provided in a prior cover page.

The information required in 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 3 pages

<PAGE>



- --------------------------------------               ---------------------------
CUSIP NO.         505739201                 13G       PAGE   2  OF   3  PAGES
          --------------------------                        ---     --       
- --------------------------------------               ---------------------------

- ---------- ---------------------------------------------------------------------
    1
           NAME OF REPORTING PERSON
           S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                    Richard R. Allen
                    Social Security Number Intentionally Omitted
- ---------- ---------------------------------------------------------------------
    2
           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                    Not a member of a group                          (a) |_|
                                                                     (b) |_|
- ---------- ---------------------------------------------------------------------
    3
           SEC USE ONLY

- ---------- ---------------------------------------------------------------------
    4
           CITIZENSHIP OR PLACE OF ORGANIZATION

                    United States of America
- ---------- ---------------------------------------------------------------------
<TABLE>
<CAPTION>
<S>             <C>    <C>              <C>
 NUMBER OF      5
   SHARES             SOLE VOTING POWER
BENEFICIALLY               731,511*     Shares owned outright
  OWNED BY                     100      Shares subject to currently exercisable options
    EACH                   -------
 REPORTING                 731,611*     *Excludes the following shares as to which Mr. Allen disclaims
   PERSON                                beneficial ownership:
    WITH                                 13,334 shares held by wife, Pamela A. Allen
                                          8,853 shares held by The Kathleen A. Allen Educational Trust,
                                                 Richard R. Allen, Trustee 
                                             67 shares held by wife as trustee for child
                                             67 shares held by wife as trustee for child
</TABLE>
            -------- -----------------------------------------------------------
               6
                     SHARED VOTING POWER

                              -0-
               ----- -----------------------------------------------------------
               7
                     SOLE DISPOSITIVE POWER

                              731,611
               ----- -----------------------------------------------------------
               8
                     SHARED DISPOSITIVE POWER

                              -0-
- ----------------------------- -------- -----------------------------------------
   9
          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                   731,611
- --------- ----------------------------------------------------------------------
   10
          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                   N/A
- --------- ----------------------------------------------------------------------
   11
          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                   9.4%
- --------- ----------------------------------------------------------------------
   12
          TYPE OF REPORTING PERSON*

                   IND
- --------- ----------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!


                                Page 2 of 3 pages


<PAGE>




                                  SCHEDULE 13G
                                AMENDMENT NO. 14

Issuer:                             LADD Furniture, Inc.
Title of Class of Securities:       Common Stock, $.30 Par Value
Reporting Person:                   Richard R. Allen
Social Security Number of
Reporting Person:                   Intentionally Omitted

                  The following are the changes in the information reported in
the previous filing of Schedule 13G as amended (which was Schedule 13G,
Amendment No. 13 dated February 14, 1997):

ITEM 4            OWNERSHIP:
<TABLE>
<CAPTION>
<S>                          <C>                                 
                  (a)      Amount Beneficially Owned:

                             731,511*       Shares owned outright
                                 100        Shares subject to currently exercisable options
                             -------
                             731,611*       *Excludes the following shares as to which Mr. Allen disclaims
                                              beneficial ownership:

                                            13,334 shares held by wife, Pamela A. Allen
                                             8,853 shares held by The Kathleen A. Allen Educational Trust,
                                                   Richard R. Allen, Trustee
                                                67 shares held by wife as trustee for child 
                                                67 shares held by wife as trustee for child
</TABLE>


                  (b)      Percent of Class:

                                            9.4%

                  (c) Number of shares as to which such person has:

                           (i)      sole power to vote or to direct the vote:

                                            731,611*

                           (ii) shared power to vote or to direct the vote:

                                            -0-

                           (iii) sole power to dispose or to direct the
                                 disposition of:

                                            731,611*

                           (iv) shared power to dispose or to direct the
                                disposition of:

                                            -0-

                  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:  February 4, 1998                        /s/ Richard R. Allen
                                                --------------------------------
                                                Richard R. Allen



                                Page 3 of 3 pages





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