UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
TRM Copy Centers Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
872636105
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(CUSIP Number)
Paul M. Brown, Jr., 5208 NE 122nd Avenue, Portland, Oregon 97230-1074
(503) 257-8766
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 24, 1998
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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. [ ]
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 the
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. 872636105 Page 2 of 3 Pages
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frederick O. Paulsell
Edwin S. Chan
Donald L. Van Maren
Sherman M. Coe
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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
OO
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
All of the reporting persons are United States citizens.
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7) SOLE VOTING POWER
Frederick O. Paulsell - 917,242
Edwin S. Chan - 499,618
Donald L. Van Maren - 152,769
Sherman M. Coe - 157,228
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NUMBER OF 8) SHARED VOTING POWER
SHARES Frederick O. Paulsell - 0
Edwin S. Chan - 0
BENEFICIALLY Donald L. Van Maren - 0
Sherman M. Coe - 0
OWNED BY --------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING Frederick O. Paulsell - 917,242
Edwin S. Chan - 499,618
PERSON Donald L. Van Maren - 152,769
Sherman M. Coe - 157,228
WITH --------------------------------------------------
10) SHARED DISPOSITIVE POWER
Frederick O. Paulsell - 0
Edwin S. Chan - 0
Donald L. Van Maren - 0
Sherman M. Coe - 0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Frederick O. Paulsell - 917,242
Edwin S. Chan - 499,618
Donald L. Van Maren - 152,769
Sherman M. Coe - 157,228
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12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.3%
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14) TYPE OF REPORTING PERSON*
All reporting persons are IN.
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Messrs. Frederick O. Paulsell, Edwin S. Chan, Donald L. Van Maren and Sherman M.
Coe (collectively, the "Reporting Persons") hereby amend their Schedule 13D,
originally filed on April 13, 1998 (the "Original Schedule 13D"), with respect
to their entering into a Voting Agreement with TRM Copy Centers Corporation (the
"Company") dated as of April 13, 1998, in consideration for the execution and
delivery by ReadyCash Investment Partners, L.P. ("ReadyCash") of a Preferred
Stock and Warrant Purchase Agreement dated March 29, 1998 between ReadyCash and
the Company. Capitalized terms not defined herein have the meanings assigned
thereto in the Original Schedule 13D.
Item 2. Identity and Background
(a) This Statement is filed by Frederick O. Paulsell, Edwin S. Chan,
Donald L. Van Maren and Sherman M. Coe, as individuals. Messrs. Paulsell, Chan,
Van Maren and Coe are no longer part of a group for the purposes of Section
13(d) of the Securities Exchange Act of 1934 and the rule thereunder.
Item 4. Purpose of Transaction
(a) The Reporting Persons entered into a Voting Agreement with the
Company dated as of April 3, 1998 (the "Voting Agreement") in consideration for
the execution and delivery by ReadyCash Investment Partners, L.P. ("ReadyCash")
of a Preferred Stock and Warrants Purchase Agreement dated March 29, 1998
between ReadyCash and the Company (the "Purchase Agreement"). Pursuant to the
Voting Agreement, the Reporting Persons agreed to vote all of their shares of
Common Stock in favor of all of the transactions contemplated by the Purchase
Agreement. By its terms, the Voting Agreement remained in effect until the
earlier of (a) the date of termination of the Purchase Agreement or (b) the date
of the closing of the transaction pursuant to the Purchase Agreement.
On June 24, 1998, the Voting Agreement terminated due to the closing of
the transaction contemplated by the Purchase Agreement.
Item 7. Material to be Filed as Exhibits
Section 13D Joint Filing Agreement among the Reporting Persons dated
as of April 13, 1998.
4
<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.
July 7, 1998
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Date
FREDERICK O. PAULSELL
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Frederick O. Paulsell, as representative
of the Reporting Persons
5
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION PAGE
A Joint Filing Agreement between Frederick O. Paulsell, 7
Edwin S. Chan, Donald L. Van Maren, and Sherman M.
Coe.
<PAGE>
Exhibit A
SECTION 13 JOINT FILING AGREEMENT
Each of the undersigned is a person that may be required, from time to
time, to file statements pursuant to Section 13(d) or 13(g) of the Securities
Exchange Act of 1934 (the "Exchange Act") with the Securities and Exchange
Commission ("SEC"). Each of the undersigned may be required, from time to time,
to file such statements jointly with one or more of the other undersigned
persons pursuant to Rule 13d-1(f) under the Exchange Act. Each of the
undersigned agrees that any such statement filed with the SEC that is executed
by Mr. Frederick O. Paulsell shall be deemed to be filed on behalf of the
undersigned.
Dated April 13, 1998.
/s/ FREDERICK O. PAULSELL
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Frederick O. Paulsell
/s/ EDWIN S. CHAN
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Edwin S. Chan
/s/ DONALD L. VAN MAREN
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Donald L. Van Maren
/s/ SHERMAN M. COE
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Sherman M. Coe
