UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
AMERICAN BUSINESS COMPUTERS CORPORATION
-------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
-------------------------------------------
(Title of Class of Securities)
024759 10 2
---------------
(CUSIP Number)
Lawrence F. Dickie
PepsiCo, Inc.
700 Anderson Hill Road
Purchase, New York 10577
(914) 253-2000
-------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 10, 1995
--------------------------------------
(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 / /.
<PAGE>
CUSIP No. 024759 10 2 SCHEDULE 13D Page 2
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PepsiCo, Inc., I.R.S. Identification No. 13-1584302
----------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
----------------------------------------------------
3. SEC USE ONLY
----------------------------------------------------
4. SOURCE OF FUNDS
Not applicable
----------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
/ /
----------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina
----------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 1,500,000*
SHARES -------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY EACH -------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER 1,500,000*
PERSON WITH -------------------------------------
10. SHARED DISPOSITIVE POWER 0
----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,500,000
----------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
/ /
----------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9%
----------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
----------------------------------------------------
- -----
*Includes Warrants to purchase 500,000 shares as described in Item 5.
<PAGE>
CUSIP No. 024759 10 2 SCHEDULE 13D Page 3
- ------------------------------------------------------------------------------
This Amendment No. 2 amends the Schedule 13D filed by PepsiCo, Inc. ("PepsiCo")
with the Securities and Exchange Commission (the "SEC") on October 9, 1986, as
amended by Amendment No. 1 thereto dated October 10, 1995.
Item 1. Security and Issuer.
-------------------
No material change.
Item 2. Identity and Background.
-----------------------
No material change.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
No material change.
Item 4. Purpose of Transaction.
----------------------
On June 19, 1995, the United States District Court for the Southern
District of New York entered a Final Judgment in a class action lawsuit known as
AMERICAN BUSINESS COMPUTERS CORPORATION SECURITIES LITIGATION (MDL Docket No.
913) approving a Stipulation of Settlement and directing the parties thereto
(including PepsiCo) to consummate the settlement of such action in accordance
with the terms and provisions contained in the Stipulation of Settlement. In
accordance therewith, on October 10, 1995, PepsiCo delivered to the Issuer
1,000,000 of the shares of the Issuer's common stock, par value $.01 per share
(the "Common Stock") held by PepsiCo. Additionally, as part of such settlement,
PepsiCo received from the Issuer on November 10, 1995 warrants to purchase
500,000 shares of the Issuer's Common Stock at an exercise price of $3.50 per
share (the "Warrants").
<PAGE>
CUSIP No. 024759 10 2 SCHEDULE 13D Page 4
- -------------------------------------------------------------------------------
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) As of the date hereof, PepsiCo beneficially owns 1,000,000 shares
of Common Stock, and the Warrants to purchase an additional 500,000 shares of
Common Stock. To the best of its knowledge, PepsiCo beneficially owns
approximately 9% of the Common Stock outstanding.
(b) PepsiCo has the sole power to vote, to direct the vote, to dispose
or to direct the disposition of the 1,000,000 shares of Common Stock reported
herein; upon exercise of the Warrants, PepsiCo will also have the sole power to
vote, to direct the vote, to dispose of or to direct the disposition of any or
all shares of stock acquired upon such exercise.
(c) Except for the disposition of the 1,000,000 shares of Common Stock
reported herein and the acquisition of the Warrants, PepsiCo has not engaged in
any transactions in respect to the Common Stock during the past 60 days.
(d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer.
------------------------------------------------
No material change.
Item 7. Material to be Filed as Exhibits.
---------------------------------
None.
<PAGE>
CUSIP No. 024759 10 2 SCHEDULE 13D Page 5
- ------------------------------------------------------------------------------
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.
November 13, 1995
-------------------------
(Date)
PepsiCo, Inc.
LAWRENCE F. DICKIE
By-----------------------
(Signature)
Lawrence F. Dickie
Vice President, Associate
General Counsel and
Assistant Secretary
-------------------------
(Name/Title)
<PAGE>
CUSIP No. 024759 10 2 SCHEDULE 13D Page 6
- -------------------------------------------------------------------------------
EXHIBIT INDEX
Exhibit
- -------
(24) Power of Attorney which is incorporated herein by reference from
PepsiCo's Form 10-K Annual Report for the Fiscal Year
Ended December 31, 1994
