<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ARC International Corporation
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
001905108
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(CUSIP Number)
Jerry Zucker
c/o The InterTech Group, Inc.
Post Office Box 5205
North Charleston, South Carolina 29405
(803) 744-5174
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 27, 1999
------------------------------------------------------------------
(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(e), (f) or (g), check the following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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).
(Continued on following pages)
Page 1 of 5 Pages
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- ----------------------- ---------------------
CUSIP No. 001905108 13D Page 2 OF 5 PAGES
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NAME OF REPORTING PERSON
1 Jerry Zucker
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
PF, OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
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SOLE VOTING POWER
7
NUMBER OF 1,447,600
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
-0-
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,447,600
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,447,600
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
10.1%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 Pages
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This Amendment No. 1 ( "Amendment No. 1") amends the Statement on Schedule
13D (the "Schedule 13D") filed on September 17, 1999 by Jerry Zucker.
Capitalized terms used herein and not defined herein have the meanings
"ascribed" thereto in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Since the filing of the Schedule 13D, Mr. Zucker purchased an
aggregate of 85,800 Shares for total consideration of $131,747.45.
Such funds were provided from Mr. Zucker's personal funds and/or in
part by margin account loans from Morgan Stanley Dean Witter extended
in the ordinary course of business.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) Amount Beneficially Owned:
As of the date of this Amendment No. 1, Mr. Zucker beneficially
owns 1,447,600 Shares. Based on the 14,279,373 Shares
outstanding as set forth in the Issuer's Quarterly Report on Form
10-Q for the quarter ended June 30, 1999, as of the date of this
Amendment No. 1 Mr. Zucker beneficially owns 10.1% of the
outstanding Shares.
(b) Number of Shares as to which Mr. Zucker has:
(i) Sole power to vote or to direct the vote:
1,447,600
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the disposition
of:
1,447,600
(iv) Shared power to dispose or to direct the disposition
of:
-0-
(c) Transactions Within the Past 60 Days: Mr. Zucker engaged in
the following transactions in Shares during the past 60 days
or since the filing of the Schedule 13D, whichever is less.
Page 3 of 5 Pages
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<TABLE>
<CAPTION>
Person Who Effected Transaction Number of Price Per
the Transaction Date Shares Purchased Share
------------------- ------------------ ---------------- ---------
<S> <C> <C> <C>
Jerry Zucker September 23, 1999 19,900 $ 1.5
Jerry Zucker September 23, 1999 10,200 $1.4375
Jerry Zucker September 23, 1999 8,700 $1.4375
Jerry Zucker September 23, 1999 8,000 $1.4375
Jerry Zucker September 23, 1999 5,000 $1.4375
Jerry Zucker September 27, 1999 14,300 $ 1.5
Jerry Zucker September 27, 1999 19,700 $ 1.625
</TABLE>
All purchases were effected through unsolicited brokers'
transactions on the American Stock Exchange.
(d) Right to Receive or Power to Direct: No person other than Mr.
Zucker has the right to receive or the power to direct the receipt
of dividends from or the proceeds from the sale of the Common
Stock owned beneficially by Mr. Zucker.
(e) Date Reporting Person Ceased to be 5% Owner: Not applicable.
Page 4 of 5 Pages
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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.
Date: September 28, 1999
/s/ Jerry Zucker
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Print Name: Jerry Zucker
Page 5 of 5 Pages
