SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)(1)
MEDICAL IMAGING CENTERS OF AMERICA, INC.
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(Name of issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of class of securities)
584578108
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(CUSIP number)
STEVEN WOLOSKY, ESQUIRE
OLSHAN GRUNDMAN FROME & ROSENZWEIG
505 Park Avenue
New York, New York 10022
(212) 753-7200
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(Name, address and telephone number of person
authorized to receive notices and communications)
JUNE 14, 1995
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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 / /.
(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.
(Continued on following pages)
(Page 1 of 11 Pages)
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(1) 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 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 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
STEEL PARTNERS II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,601,319
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,601,319
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,601,319
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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)
13.2%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
STEEL PARTNERS SERVICES, LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 45,500(2)
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
45,500(2)
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
45,500(2)
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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)
.37%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(2) Represents Common Stock of the Issuer purchased by the filing person,
an entity controlled by Warren Lichtenstein and Lawrence Butler, on behalf of a
foreign investment company, which has authorized the filing person to manage
such entity's securities trading portfolio on a discretionary basis. The filing
person disclaims beneficial ownership.
<PAGE>
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
WARREN LICHTENSTEIN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 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 1,646,819(3)
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,646,819(3)
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,646,819(3)
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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)
13.6%
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14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(3) Includes 45,500 shares of Common Stock of the Issuer purchased by
Steel Partners Services, Ltd. ("Steel Services"), an entity controlled by Warren
Lichtenstein and Lawrence Butler, on behalf of a foreign investment company,
which has authorized Steel Services to manage such entity's securities trading
portfolio on a discretionary basis. Mr. Lichtenstein disclaims beneficial
ownership.
<PAGE>
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
LAWRENCE BUTLER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,646,819(4)
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,646,819(4)
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,646,819(4)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* | |
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(4) Includes 45,500 shares of Common Stock of the Issuer purchased by
Steel Services on behalf of a foreign investment company, which has authorized
Steel Services to manage such entity's securities trading portfolio on a
discretionary basis. Mr. Butler disclaims beneficial ownership.
<PAGE>
This constitutes Amendment No. 6 ("Amendment No. 6") to the
Schedule 13D filed by the undersigned on March 10, 1995, as amended (the
"Schedule 13D"). Pursuant to Rule 101 of Regulation S-T, this Amendment No. 6
amends and restates the Schedule 13D to read in its entirety as follows:
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares (the "Shares") of the common
stock, par value $.01 per share ("Common Stock"), of Medical Imaging Centers of
America, Inc. ("Issuer"). The principal executive offices of the Issuer are
located at 9444 Farnham Street, Suite 100, San Diego, California 92123.
ITEM 2. IDENTITY AND BACKGROUND.
Steel Partners II, L.P. ("Steel") is a Delaware limited
partnership. The principal business of Steel is investing in the securities of
micro-cap companies. The general partner of Steel is Steel Partners Associates,
L.P. ("Associates"), a Delaware limited partnership. The general partner of
Associates is Steel Partners, Ltd. ("Partners"), a New York corporation. The
principal business address of Steel, Associates and Partners is 750 Lexington
Avenue, 27th Floor, New York, New York 10022. The executive officers and
directors of Partners are as follows: Warren G. Lichtenstein is Chairman of the
Board, Secretary and a Director; and Lawrence Butler is President, Treasurer and
a Director.
Steel Partners Services, Ltd. ("Steel Services") is a New York
corporation. The principal business of Steel Services is providing management
and advisory services. The principal business address of Steel Services is 750
Lexington Avenue, 27th Floor, New York, New York 10022. The executive officers
and directors of Steel Services are as follows: Warren G. Lichtenstein is
Chairman of the Board, Secretary and a Director; and Lawrence Butler is
President, Treasurer and a Director.
The principal business address of each of Warren G.
Lichtenstein and Lawrence Butler is 750 Lexington Avenue, 27th Floor, New York,
New York 10022. Their principal occupation is their affiliation with Partners
and Steel Services. Each of the executive officers and directors of Partners and
Steel Services is a citizen of the United States of America.
Mr. Lichtenstein is Chairman and a director of WGL Capital
Corp., a co-general partner of Steel Partners, L.P., a Delaware limited
partnership (a private investment partnership); and Chairman and a director of
Partners; and Chairman, Secretary and Director of Steel Services.
Mr. Butler is the sole shareholder of Camelia Croup, Inc., a
co-general partner of Steel Partners, L.P., a Delaware
<PAGE>
limited partnership, and Mr. Butler is President, Treasurer and Director of
Steel Services.
During the past five years, none of Steel, Associates,
Partners, Steel Services, Warren G. Lichtenstein or Lawrence Butler, has 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 which
proceeding such person was or is 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 aggregate purchase price for the 1,601,319 Shares
purchased by Steel was $1,615,767. Steel used its working capital to purchase
such Shares. The aggregate purchase price for the 45,500 Shares purchased by
Steel Services on behalf of the foreign investment company was $65,158. Steel
Services used its working capital to purchase such Shares.
ITEM 4. PURPOSE OF TRANSACTION.
Steel, Steel Services and their executive officers, intend to
ask the Issuer to have one or more of its representatives appointed to the Board
of Directors of the Issuer. Steel, Steel Services and their executive officers,
based upon an evaluation of the Issuer's operations and future plans, as well as
its own financial status, may also (a) acquire additional Shares in the open
market, in privately negotiated transactions or otherwise, (b) seek to influence
management of the Issuer in formulating and implementing future policy, (c) seek
control of the Issuer, (d) consider engaging in the solicitation of proxies to
elect its nominees to the Board of Directors of the Issuer or to vote on
proposals or actions submitted to stockholders for consideration or action or
(e) take a combination of any actions described above or below.
Except as stated herein, Steel, Steel Services and their
executive officers do not presently have any other proposals or plans which
would result in any event listed in items (a) through (j) of Item 4 of Schedule
13D however, in the future, based upon an evaluation of the Issuer's operations
and future plans, as well as its own financial status, it may decide to pursue
another course of action. Steel and Steel Services may hold or dispose of the
Shares or may purchase additional Shares at such time as it may determine.
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As reported in its Quarterly Report on Form 10-Q for the
quarter ended March 31, 1995, the Issuer had 12,136,560 shares of Common Stock
outstanding on May 5, 1995. Steel beneficially owns an aggregate of 1,601,319
Shares, representing 13.2% of the Shares outstanding, all of such Shares were
acquired in open-market transactions. Steel and Warren Lichtenstein and Lawrence
Butler, as the representatives of Associates, have sole voting and dispositive
power with respect to the Shares beneficially owned by it or him.
Steel Services has entered into an agreement with a foreign
investment company (the "Fund") pursuant to which Steel Services has been
appointed by the Fund to manage a securities trading portfolio on a
discretionary basis. The 45,500 Shares acquired by Steel Services on behalf of
the Fund represent approximately .37% of the Shares outstanding. All of the
Shares acquired by Steel Services on behalf of the Fund were acquired in open
market transactions. Steel Services has sole voting and dispositive power with
respect to the Shares purchased by it on behalf of the Fund. Steel Services
disclaims beneficial ownership of all Shares purchased by it on behalf of the
Fund.
Schedule A annexed hereto lists all transactions in the Shares
by Steel and Steel Services from 60 days prior to March 10, 1995, the date of
the filing of the Schedule 13D, through the date hereof.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
<PAGE>
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.
Dated: June 21, 1995
STEEL PARTNERS II, L.P.,
By: STEEL PARTNERS, LTD., the
general partner of STEEL
PARTNERS ASSOCIATES, L.P.,
general partner
By: /s/ Warren Lichtenstein
-----------------------
Warren Lichtenstein,
Chairman of the Board
STEEL PARTNERS SERVICES, LTD.
By: /s/ Warren Lichtenstein
-----------------------
Warren Lichtenstein,
Chairman of the Board
/s/ Warren Lichtenstein
-----------------------
Warren Lichtenstein
/s/ Lawrence Butler
-----------------------
Lawrence Butler
<PAGE>
SCHEDULE A
TRANSACTIONS IN THE SHARES WITHIN THE PAST 60 DAYS
STEEL PARTNERS II, L.P.
Shares of Common Price Per Date of
Stock Purchased Share Purchase
- --------------- ----- --------
15,000 $.70750 01/25/95
26,500 .70750 02/01/95
23,500 .70750 02/03/95
10,000 .72870 02/07/95
10,000 .72875 02/09/95
7,119 .83250 02/14/95
25,000 .89500 02/16/95
45,000 .89500 02/17/95
20,500 .89500 02/22/95
347,900 .82250 02/22/95
10,000 .89500 02/23/95
10,000 .90500 02/28/95
7,000 .94000 03/03/95
15,000 .92120 03/09/95
2,500 .86370 03/10/95
16,000 .89500 03/10/95
54,000 .92620 03/10/95
7,500 .92620 03/15/95
25,000 .95750 03/17/95
45,750 .95250 03/20/95
12,500 .95750 03/20/95
18,000 .97250 03/24/95
10,000 .95750 03/24/95
38,100 .95750 03/29/95
2,000 .96000 03/29/95
10,000 .95750 04/05/95
10,000 1.02000 04/13/95
5,000 1.02000 04/17/95
35,000 1.02000 04/18/95
36,500 1.02000 04/24/95
12,000 1.02000 04/25/95
10,000 .98870 04/26/95
37,500 1.02000 04/26/95
<PAGE>
5,000 .95750 04/27/95
5,000 .89500 04/28/95
9,300 .92000 04/28/95
2,500 .98870 04/28/95
7,500 .89500 05/02/95
10,000 .95100 05/02/95
100,000 .88000 05/02/95
7,800 .93000 05/04/95
10,000 .98870 05/05/95
30,000 1.02000 05/08/95
15,000 1.05000 05/09/95
66,000 1.05521 05/11/95
8,950 1.05000 05/16/95
3,400 1.03000 05/16/95
15,000 1.07000 05/17/95
5,000 1.40000 05/31/95
8,000 1.39500 05/31/95
170,000 1.39500 06/02/95
1,000 1.41000 06/05/95
9,500 1.40500 06/06/95
20,000 1.39500 06/06/95
5,000 1.39500 06/07/95
5,000 1.39500 06/08/95
50,000 1.39500 06/12/95
7,500 1.42620 06/13/95
60,000 1.36370 06/14/95
5,000 1.33250 06/15/95
STEEL PARTNERS SERVICES, LTD.
Shares of Common Price Per Date of
Stock Purchased Share Purchase
- --------------- ----- --------
3,000 $1.39500 06/19/95
18,500 1.40500 06/19/95
24,000 1.45750 06/19/95
