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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. _____)
- - - - - - - - - - - - -
DAIRY MART CONVENIENCE STORES, INC.
(Name of Issuer)
Common Stock, par Value $.01 Per Share 233860303
(Title of class of securities) (CUSIP number)
COMMITTEE OF CONCERNED DAIRY MART SHAREHOLDERS
c/o Frank Colaccino
The Colvest Group, Ltd.
360 Bloomfield Avenue
Suite 208
Windsor, CT 06095
(860) 688-3667
With a copy to:
Richard T. Keppelman, Esq.
Levy & Droney, P.C.
74 Batterson Park Road
Farmington, CT 06032
(860) 676-3132
(Name, address and telephone number of person authorized to receive notices and
communications)
May 3, 2000
(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 [___].
(Continued on following page (s))
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CUSIP No. 233860303 Page 1 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: FRANK COLACCINO
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 127,525
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 127,525
:-----------------------------
:
: 10. SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 127,525
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
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13. PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): 2.6%
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 2 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: STEPHEN N. KREVALIN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 200
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 200
:-----------------------------
:
: 10.SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 200
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): N/A
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 3 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: LAURENCE D. LANDRY
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 119,500
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 119,500
:-----------------------------
:
: 10.SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 119,500
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
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13. PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): 2.4%
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 4 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: DENIS NEWMAN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 5,000
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 5,000
:-----------------------------
:
: 10.SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 5,000
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
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13. PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): .1%
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 5 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: ANDREW NISS
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 200
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 200
:-----------------------------
:
: 10.SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 200
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): N/A
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 6 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: JOHN M. O'BRIEN, III
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 5,000
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 5,000
:-----------------------------
:
: 10.SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 5,000
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
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13. PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): .1%
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 7 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: JOHN L. RITTER
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 500
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 500
:-----------------------------
:
: 10.SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 500
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): N/A
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 8 of 14
<PAGE>
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1. NAME OF REPORTING PERSON: DONALD K. WILSON, JR.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS: PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [__]
PURSUANT TO ITEM 2 (d) or 2 (e):
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF US
ORGANIZATION:
- --------------------------------------------------------------------------------
: 7. SOLE VOTING POWER
: 500
:-----------------------------
: 8. SHARED VOTING POWER
: -0-
NUMBER OF SHARES :
BENEFICIALLY OWNED BY :
EACH REPORTING PERSON :-----------------------------
WITH :
: 9. SOLE DISPOSITIVE POWER
: 500
:-----------------------------
:
: 10.SHARED DISPOSITIVE POWER
: -0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 500
REPORTING PERSON:
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [__]
CERTAIN SHARES:
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW (11): N/A
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14. TYPE OF REPORTING PERSON: IN
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CUSIP No. 233860303 Page 9 of 14
<PAGE>
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this statement is the Common
Stock, $.01 par value (the "Common Stock"), of Dairy Mart Convenience Stores,
Inc., a Delaware Corporation (the "Issuer"). The principal executive offices of
the Issuer are located at One Dairy Mart Way, 300 Executive Parkway West,
Hudson, Ohio 44236.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed on behalf of the Committee of Concerned Dairy
Mart Shareholders (the "Committee"). The Committee consists of persons who are
shareholders of the issuer and was formed for the limited purpose of proposing a
slate of directors to replace the current Board of Directors of the Issuer. The
address of the Committee is c/o The Colvest Group, Ltd., 360 Bloomfield Avenue,
Suite 208, Windsor, CT 06095.
The Members of the Committee are Frank Colaccino. Stephen N. Krevalin, Laurence
D. Landry, Denis Newman, Andrew Niss, John M. O'Brien, III, John L. Ritter,
Donald K. Wilson, Jr. The Members of the Committee beneficially own, in the
aggregate, more than 5% of the Common Stock. The business addresses and
principal occupations or employments of each Committee Member are set forth
below. Additional information regarding the Members of the Committee is set
forth in the Committee's definitive Proxy Statement filed with the Securities
and Exchange Commission on May 5, 2000 (the "Proxy Statement"). None of the
Committee Members has, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining further violations of, or mandating activities
subject to, Federal or state securities laws or finding any violation with
respect to such laws.
Name and Business Address Principal Occupation
- ------------------------- --------------------
Frank Colaccino President,
360 Bloomfield Avenue, Suite 208 The Colvest Group, Ltd.
Windsor, CT 06095
Stephen N. Krevalin Attorney/Principal
Bacon & Wilson P.C. Bacon & Wilson, P.C.
33 State Street
Springfield, MA 01103
CUSIP No. 233860303 Page 10 of 14
<PAGE>
Laurence D. Landry President,
5 Ridge Road Woods at Wilbraham LLC
Hampden, MA 01036 Real Estate Developer
Denis Newman Managing Director
MidMark Associates MidMark Associates
466 Southern Blvd. Equity Fund Manager
Chatham, NJ 07078
Andrew Niss Private Investor
1325 E. Lake Drive
Fort Lauderdale, FL 33366
John M. O'Brien, III Certified Public Accountant
J.M. O'Brien & Company, PC J.M. O'Brien & Company, PC
1350 Main Street
Springfield, MA 01103
John L. Ritter Executive Vice President
First New England Capital First New England Capital
100 Pearl Street Limited Partnership
Hartford, CT 06103
Donald K. Wilson, Jr. Management Consultant
Green & Wilson Associates Green Wilson & Associates
201 Ann Street
Hartford, CT 06103
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares owned by the Members of the Committee were purchased with
their personal funds.
ITEM 4. PURPOSE OF TRANSACTION.
The shares of Common Stock owned by Members of the Committee were
purchased for investment. The Committee was formed for the purpose of nominating
and soliciting proxies for the election of a new slate of Directors, to replace
the existing Board of Directors of the Issuer. The purpose of the arrangement is
more fully set forth in the Committee's Proxy Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) & (b) The following table sets forth the aggregate number and
percentage of the class of securities of the Issuer identified pursuant to Item
1 above held by each Member of the Committee. Each of such person has sole
voting and sole dispositive power over such shares.
CUSIP No. 233860303 Page 11 of 14
<PAGE>
Name of Nominee Number of Shares Percent of Class
- --------------- ---------------- ----------------
Frank Colaccino 127,525 2.6%
Stephen N. Krevalin 200 -
Laurence D. Landry 119,500 2.4%
Denis Newman 5,000 .1
Andrew Niss 200 -
John M. O'Brien, III 5,000 .1
John L. Ritter 500 -
Donald K. Wilson, Jr. 500 -
------- ----
Total 258,152 5.3%
(c) During the 60 days prior to this filing, Members of the Committee effected
transactions in the Common Stock as set forth below. All of such transactions
were ordinary brokers' transactions at market prices in effect at the time of
such transactions.
Type of No.
Name Date Transaction Shares
- ---- ---- ----------- ------
Frank Colaccino 4/15/00 Purchase 18,000
Laurence D. Landry 4/18/00 Purchase 11,300
Laurence D. Landry 4/18/00 Purchase 50,000
Laurence D. Landry 4/28/00 Sale 1,800
(d) No other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, such
securities.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE ISSUER.
It is expected that each Member of the Committee will vote his shares
of Common Stock for the election of the Members of the Committee to the Board of
Directors of the Issuer; however, there is no formal contract or legal
obligation to do so. Except with respect to such expectations, there are no
contracts, arrangements, understandings or relationships (legal or otherwise)
among the Members of the Committee and between such persons and any person with
respect to any securities of the Issuer, including but no limited to transfer or
voting of any of the securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.
ITEM 7. MATERIAL FILED ON EXHIBITS.
There is hereby filed as Exhibit A a copy of the Joint Filing Agreement
---------
among the Members of the Committee, as required by Rule 13d-1 (k). The signature
of John L. Ritter will be supplied by amendment.
CUSIP No. 233860303 Page 12 of 14
<PAGE>
SIGNATURE
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
S/FRANK COLACCINO
-------------------------
Frank Colaccino, for himself and as
representative of the group
CUSIP No. 233860303 Page 13 of 14
EXHIBIT A
---------
JOINT FILING AGREEMENT
In accordance with Rule 13d-1 (f) under the Securities Exchange Act of
1934, as amended each of the undersigned hereby agrees to the joint filing with
all other signatories listed below, on behalf of each of them, of a statement on
Schedule 13D (including amendments thereto) with respect to the Common Stock,
$.01 par value per share, of Dairy Mart Convenience Stores, Inc. and that this
Agreement be included as an Exhibit to such joint filing. Frank Colaccino is
hereby designated as the person authorized to receive notices and communications
with respect to such joint filing and is authorized to execute such joint filing
on behalf of the undersigned. This Agreement may be executed in any number of
counterparts all of which taken together shall constitute one and the same
instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of
the 11th day of May, 2000.
S/FRANK COLACCINO
-------------------------
Frank Colaccino
S/STEPHEN KREVALIN
-------------------------
Stephen Krevalin
S/LAURENCE D. LANDRY
-------------------------
Laurence D. Landry
S/DENIS NEWMAN
-------------------------
Denis Newman
S/ANDREW NISS
-------------------------
Andrew Niss
S/JOHN M. O'BRIEN, III
-------------------------
John M. O'Brien, III
*
-------------------------
John L. Ritter
S/DONALD K. WILSON, JR.
-----------------------
Donald K. Wilson, Jr.
*Signature of John L. Ritter to be supplied by amendment.
CUSIP No. 233860303 Page 14 of 14
