<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
THE WENDT-BRISTOL HEALTH SERVICES CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
95058J100
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(CUSIP Number)
GERALD F. SCHROER
25109 DETROIT ROAD, WESTLAKE, OH 44145, (216) 808-0163
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
COPY TO:
Kevin C. O'Neil, Esq.
Brouse & McDowell, 500 First National Tower, Akron, OH 44308, (330) 434-5207
SEPTEMBER 16, 1996
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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 [ ].
Check the following box if a fee is being paid with the statement [X]. (A fee is
not required only if the reporting 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.)
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.
*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
disclosures provided in a prior cover page.
The information required on 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).
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Schedule 13D
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CUSIP No. 95058J100 Page 2 of 6 Pages
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GERALD F. SCHROER
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[_]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7. SOLE VOTING POWER
SHARES
---------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 288,500
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EACH 9. SOLE DISPOSITIVE POWER
REPORTING
---------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER
288,500
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
288,500
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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)
5.04%
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14. TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
Schedule 13D
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CUSIP No. 95058J100 Page 3 of 6 Pages
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RENAISSANCE MORTGAGE AND FINANCIAL SERVICES, INC.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[_]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
OHIO CORPORATION/USA
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NUMBER OF 7. SOLE VOTING POWER
SHARES
-----------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
288,500
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EACH 9. SOLE DISPOSITIVE POWER
REPORTING
-----------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER
288,500
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
288,500
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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)
5.04%
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14. TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
Schedule 13D
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Page 4 of 6 Pages
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this statement relates is the
common stock, par value $.01 per share (the "Common Shares") of The
Wendt-Bristol Health Services Corporation ("Wendt-Bristol"), a Delaware
corporation. The address of Wendt-Bristol's office is Two Nationwide Plaza,
Suite 760, Columbus, Ohio 43215.
ITEM 2. IDENTITY AND BACKGROUND.
The name and business address of the persons filing this statement (the
"Filers")are:
(1) Gerald F. Schroer, 25109 Detroit Road, Westlake, Ohio 44145. Mr.
Schroer is a private investor and the owner and operator of nursing homes in
Ohio. During the last five years, Mr. Schroer has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors), and
has not been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction which resulted in him being subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws. Mr. Schroer is a citizen of the United
States of America.
(2) Renaissance Mortgage and Financial Services, Inc. ("Renaissance"),
25109 Detroit Road, Westlake, Ohio 44145. Renaissance is an Ohio corporation
engaged in mortgage and financial services. Renaissance is a private corporation
owned equally by Gerald F. Schroer and Susanne F. Schroer. The directors and
officers of Renaissance are Gerald F. Schroer, Chairman and Treasurer, Susanne
F. Schroer, Vice President and Secretary and William E. Reuscher, President. To
the knowledge of Renaissance, none of the directors or officers has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), and has not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which resulted in him/her being
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Filers have effected the acquisitions using personal and general
corporate funds.
ITEM 4. PURPOSE OF TRANSACTION.
All of the shares purchased by the Filers were acquired for investment. The
Filers may, from time to time, depending upon market conditions and other
investment considerations, purchase additional shares of Wendt-Bristol for
investment, or dispose of shares of Wendt-Bristol.
The Filers intend to discuss with Wendt-Bristol possible changes to
Wendt-Bristol's business plan, the restructuring of the nursing home component
of the business and focusing its business on diagnostic procedures, but
otherwise have no present plans or proposals which relate to or would result
in:
(a) the acquisition by any person of additional securities of
Wendt-Bristol, or the disposition of securities by Wendt-Bristol;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving Wendt-Bristol;
(c) a sale or transfer of a material amount of assets of Wendt-Bristol;
(d) any change in the present Board of Directors or management of
Wendt-Bristol, 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
Wendt-Bristol;
(f) any other material change in Wendt-Bristol's business or corporate
structure;
(g) changes in Wendt-Bristol's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of
Wendt-Bristol by any person;
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Schedule 13D
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Page 5 of 6 Pages
(h) causing a class of securities of Wendt-Bristol 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 Wendt-Bristol becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or
(j) any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The Filers own beneficially an aggregate of 330,500 shares of Wendt-Bristol
common stock, constituting 5.77% of the number of shares of such common stock
outstanding as of September 24, 1996.
During the last 60 days, the Filers acquired 89,500 shares of
Wendt-Bristol's stock as listed on Exhibit B attached hereto and incorporated by
reference herein.
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 the shares
held by the Filers.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between the Filers and any other person with respect to any
securities of the issuer, including but not limited to, transfer or voting of
any of such securities, finder's fees, joint ventures, loan or option
arrangements, put or calls, guarantees of profits, divisions of profits or loss,
or the giving or withholding of proxies. None of the Wendt-Bristol common stock
beneficially owned by the Filers is pledged or otherwise subject to a
contingency, the occurrence of which would give another person voting power or
investment power over such shares (excluding standard default and similar
provisions contained in loan agreements).
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A. Group Filing Agreement
Exhibit B. List of Transaction for Filers During Past 60 Days
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Schedule 13D
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Page 6 of 6 Pages
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.
September 23, 1996
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(Date)
/s/ Gerald F. Schroer
-----------------------------------------------
(Signature)
Renaissance Mortgage and Financial Services, Inc.
/s/ Gerald F. Schroer, Chairman
-----------------------------------------------
(Signature)
<PAGE> 7
EXHIBIT A
JOINT FILING AGREEMENT
DATED SEPTEMBER 23, 1996
AMONG GERALD F. SCHROER
AND
RENAISSANCE MORTGAGE AND FINANCIAL SERVICES, INC.
JOINT FILING AGREEMENT
The undersigned (each, a "Filer" and collectively, the "Filers") for
purposes of filing a statement on Schedule 13D pursuant to Securities and
Exchange Commission Rule 13d-1(f)(i) each hereby agree:
(a) Each Filer is individually responsible for the timely filing of any
further amendments to the Schedule 13D, and for the completeness and accuracy of
the information concerning themselves, but is not responsible for the
completeness and accuracy of any of the information contained in the Schedule
13D as to any other Filer, unless such Filer knows or has reason to believe that
the information is inaccurate;
(b) this Schedule 13D contains the required information with regard to each
Filer and indicates that it is filed on behalf of all Filers;
(c) each filer agrees that the Schedule 13D, as amended, to which this
Joint Filing Agreement is attached as Exhibit A is filed on its behalf; and
(d) this Joint Filing Agreement may be executed in counterparts.
Dated: September 23, 1996
/s/Gerald F. Schroer
----------------------------
Gerald F. Schroer
RENAISSANCE MORTGAGE AND
FINANCIAL SERVICES, INC.
By: /s/Gerald F. Schroer
----------------------------
Gerald F. Schroer, Chairman
and Treasurer
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<TABLE>
<CAPTION>
EXHIBIT B
SCHEDULE 13D. ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER.
During the last 60 days, the Filers acquired 288,500 shares of Wendt-Bristol's
stock as listed:
NUMBER PRICE
OF TRADE PER
SHARES DATE SHARE
<S> <C> <C> <C>
20,000 07/20/96 $ 0.875
900 07/24/96 0.75
1,300 07/26/96 0.75
15,500 07/29/96 0.75
200 07/30/96 0.75
2,100 07/31/96 0.75
2,000 07/31/96 0.75
100 08/01/96 0.75
400 08/02/96 0.75
5,000 08/06/96 0.8625
2,500 08/07/96 0.75
3,500 08/09/96 0.75
5,200 08/09/96 0.75
500 08/12/96 0.75
3,000 08/13/96 0.75
500 08/14/96 0.75
4,500 08/15/96 0.75
600 08/16/96 0.75
1,500 08/19/96 0.75
3,000 08/20/96 0.75
1,900 08/22/96 0.75
600 08/23/96 0.75
1,600 08/26/96 0.75
1,000 08/27/96 0.75
4,200 08/28/96 0.75
200 08/30/96 0.75
1,700 09/03/96 0.75
6,000 09/16/96 1.375
------
89,500
======
</TABLE>
