<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
ARC International Corporation
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(Name of Issuer)
Common Stock, no par value per share
---------------------------------------------------
(Title of Class of Securities)
001905108
----------------------------------------------
(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 8, 1999
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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(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 8 Pages
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SCHEDULE 13D
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CUSIP NO. 001905108 PAGE 2 OF 8 PAGES
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NAME OF REPORTING PERSON
Jerry Zucker
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITLES ONLY)
- ------------------------------------------------------------------------------
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 1,361,800
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,361,800
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,361,800
- ------------------------------------------------------------------------------
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
9.3%
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TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
-------------------
The class of equity security to which this Schedule 13D relates is the
Common Stock ("ARC Common Stock"), no par value per share ("Share"),
---------------- -----
of ARC International Corporation, an Ontario corporation ("ARC" or the
---
"Issuer"). The principal executive offices of ARC are located at 4000
------
Chesswood Drive, Downsview, Ontario, Canada M3J-2B9.
Item 2. Identity and Background.
-----------------------
This Statement is being filed by Jerry Zucker (the "Reporting
---------
Person"), by virtue of his purchases of certain Shares and resulting
------
beneficial ownership of greater than 5% of the outstanding Shares of
the ARC Common Stock.
(a) Names: The name of the Reporting Person is Jerry Zucker.
(b) Business Address: The principal business address of Mr. Zucker is
Post Office Box 5205, North Charleston, SC 29405.
(c) Principal Occupation and the Name, Principal Business and Address
of any Corporation or Organization: Mr. Zucker is the chief
executive of The InterTech Group, Inc. and Polymer Group, Inc. The
InterTech Group, Inc. invests primarily in manufacturers,
especially manufacturers of a wide and diverse variety of polymer
and elastomer based products. The principal business of Polymer
Group, Inc. is the manufacture and marketing of non-woven and
woven polyolefin products. Mr. Zucker's principal business address
is Post Office Box 5205, North Charleston, SC 29405.
(d) Criminal Proceedings: During the past five years, Mr. Zucker has
not been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Securities Laws: During the past five years, Mr. Zucker has not
been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activity subject
to, federal or state securities laws or finding any violation with
respect to such laws.
(f) Citizenship: Mr. Zucker is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Mr. Zucker has purchased an aggregate of 1,361,800 Shares for total
consideration of $2,035,984.17. 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.
Page 3 of 8 Pages
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Item 4. Purpose of Transaction.
----------------------
Mr. Zucker purchased the Shares for investment purposes. Mr. Zucker
is continuing to review the performance of his investments and his
investment alternatives. As part of his ongoing review of his
investment in the Shares, Mr. Zucker may explore from time to time a
variety of alternatives, including the acquisition of additional
securities of the Issuer or the disposition of securities of the
Issuer in the open market or in privately negotiated transactions.
Mr. Zucker may explore other alternatives with respect to his
investment in the Shares, including but not limited to an
extraordinary corporate transaction involving the Issuer, changes in
the present Board or management of the Issuer, or changes in the
Issuer's business or corporate structure.
Although the foregoing reflects activities presently contemplated by
Mr. Zucker with respect to the Issuer, the foregoing is subject to
change at any time, and there can be no assurance that Mr. Zucker will
take any of the actions referred to above.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) Amount Beneficially Owned:
Mr. Zucker beneficially owns 1,361,800 Shares. Based on the
14,674,384 Shares outstanding as set forth in the Issuer's first
quarter 1999 earnings report released on May 6, 1999, Mr. Zucker
beneficially owns 9.3% of the outstanding Shares.
(b) Number of Shares as to which Mr. Zucker has:
(i) Sole power to vote or to direct the vote:
1,361,800
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the disposition
of:
1,361,800
(iv) Shared power to dispose or to direct the disposition
of:
-0-
Page 4 of 8 Pages
<PAGE>
(c) Transactions Within the Past 60 Days: In the past 60 days,
the following transactions have occurred involving Mr.
Zucker.
<TABLE>
<CAPTION>
Person Who Effected Transaction Number of Price Per
the Transaction Date Shares Purchased Share
------------------- ----------- ---------------- ---------
<S> <C> <C> <C>
Jerry Zucker July 21, 1999 51,100 $ 1.25
Jerry Zucker July 21, 1999 25,000 1.25
Jerry Zucker July 21, 1999 25,000 1.25
Jerry Zucker July 21, 1999 16,400 1.1875
Jerry Zucker July 21, 1999 7,000 1.25
Jerry Zucker July 21, 1999 5,000 1.25
Jerry Zucker July 21, 1999 3,600 1.25
Jerry Zucker July 21, 1999 3,500 1.25
Jerry Zucker July 21, 1999 500 1.1875
Jerry Zucker July 22, 1999 22,500 1.375
Jerry Zucker July 22, 1999 15,200 1.375
Jerry Zucker July 22, 1999 15,000 1.375
Jerry Zucker July 22, 1999 12,700 1.375
Jerry Zucker July 22, 1999 12,300 1.3125
Jerry Zucker July 22, 1999 3,500 1.375
Jerry Zucker July 22, 1999 2,500 1.375
Jerry Zucker July 23, 1999 5,000 1.375
Jerry Zucker July 26, 1999 19,300 1.5
Jerry Zucker July 26, 1999 19,300 1.5
Jerry Zucker July 26, 1999 19,200 1.5
Jerry Zucker July 26, 1999 15,000 1.5
Jerry Zucker July 26, 1999 10,000 1.5
Jerry Zucker July 26, 1999 8,800 1.4375
Jerry Zucker July 26, 1999 5,700 1.5
Jerry Zucker July 26, 1999 1,900 1.5
Jerry Zucker July 26, 1999 800 1.5
Jerry Zucker July 27, 1999 5,200 1.5
Jerry Zucker July 27, 1999 1,000 1.5
Jerry Zucker July 28, 1999 20,000 1.5
Jerry Zucker July 28, 1999 2,500 1.5
Jerry Zucker July 28, 1999 2,500 1.5
Jerry Zucker July 30, 1999 24,000 1.5
Jerry Zucker July 30, 1999 15,000 1.5
Jerry Zucker August 2, 1999 29,000 1.5
Jerry Zucker August 2, 1999 21,000 1.5
Jerry Zucker August 2, 1999 4,000 1.5
Jerry Zucker August 3, 1999 8,500 1.5
Jerry Zucker August 3, 1999 8,000 1.5
Jerry Zucker August 3, 1999 8,000 1.5
Jerry Zucker August 3, 1999 5,200 1.5
Jerry Zucker August 5, 1999 24,300 1.5
Jerry Zucker August 5, 1999 3,000 1.5
Jerry Zucker August 5, 1999 1,000 1.5
Jerry Zucker August 5, 1999 700 1.5
Jerry Zucker August 5, 1999 400 1.5
Jerry Zucker August 6, 1999 30,000 1.5
</TABLE>
Page 5 of 8 Pages
<PAGE>
<TABLE>
<CAPTION>
Person Who Effected Transaction Number of Price Per
the Transaction Date Shares Purchased Share
-------------------- ------------------ ---------------- ---------
<S> <C> <C> <C>
Jerry Zucker August 6, 1999 4,200 1.5
Jerry Zucker August 6, 1999 4,000 1.5
Jerry Zucker August 6, 1999 1,800 1.5
Jerry Zucker August 10, 1999 40,000 1.5
Jerry Zucker August 10, 1999 25,000 1.5
Jerry Zucker August 10, 1999 15,000 1.5
Jerry Zucker August 10, 1999 12,000 1.5
Jerry Zucker August 10, 1999 7,000 1.5
Jerry Zucker August 10, 1999 1,000 1.5
Jerry Zucker August 13, 1999 35,000 1.5
Jerry Zucker August 13, 1999 15,000 1.5
Jerry Zucker August 13, 1999 10,000 1.5
Jerry Zucker August 13, 1999 5,000 1.5
Jerry Zucker August 13, 1999 600 1.5
Jerry Zucker August 23, 1999 6,000 1.4375
Jerry Zucker August 23, 1999 4,600 1.4375
Jerry Zucker August 23, 1999 2,900 1.4375
Jerry Zucker August 23, 1999 2,900 1.4375
Jerry Zucker August 23, 1999 1,700 1.4375
Jerry Zucker August 23, 1999 100 1.4375
Jerry Zucker August 23, 1999 100 1.4375
Jerry Zucker September 8, 1999 81,600 1.5
Jerry Zucker September 8, 1999 45,000 1.5
Jerry Zucker September 8, 1999 35,000 1.5
Jerry Zucker September 8, 1999 29,500 1.5
Jerry Zucker September 8, 1999 21,000 1.5
Jerry Zucker September 8, 1999 20,000 1.5
Jerry Zucker September 8, 1999 15,000 1.5
Jerry Zucker September 8, 1999 5,500 1.5
Jerry Zucker September 8, 1999 3,500 1.375
Jerry Zucker September 8, 1999 2,500 1.4375
Jerry Zucker September 8, 1999 2,400 1.4375
Jerry Zucker September 9, 1999 15,000 1.5
Jerry Zucker September 9, 1999 11,300 1.5
Jerry Zucker September 9, 1999 10,000 1.5
Jerry Zucker September 9, 1999 8,000 1.5
Jerry Zucker September 9, 1999 7,000 1.5
Jerry Zucker September 9, 1999 5,000 1.5
Jerry Zucker September 9, 1999 4,000 1.5
Jerry Zucker September 9, 1999 4,000 1.5
Jerry Zucker September 9, 1999 3,700 1.5
Jerry Zucker September 9, 1999 3,000 1.5
Jerry Zucker September 9, 1999 1,000 1.5
Jerry Zucker September 10, 1999 14,500 1.5
Jerry Zucker September 10, 1999 10,000 1.5
Jerry Zucker September 10, 1999 7,300 1.5
Jerry Zucker September 10, 1999 7,000 1.5
Jerry Zucker September 10, 1999 5,000 1.5
Jerry Zucker September 13, 1999 16,500 1.5
</TABLE>
Page 6 of 8 Pages
<PAGE>
<TABLE>
<CAPTION>
Person Who Effected Transaction Number of Price Per
the Transaction Date Shares Purchased Share
---------------------- ------------------ ----------------- --------
<S> <C> <C> <C>
Jerry Zucker September 13, 1999 13,500 1.4375
Jerry Zucker September 13, 1999 3,000 1.5
Jerry Zucker September 13, 1999 2,100 1.5
Jerry Zucker September 13, 1999 2,000 1.5
Jerry Zucker September 13, 1999 2,000 1.5
Jerry Zucker September 13, 1999 1,000 1.5
Jerry Zucker September 14, 1999 5,400 1.5
Jerry Zucker September 14, 1999 5,000 1.5
Jerry Zucker September 14, 1999 1,500 1.5
Jerry Zucker September 14, 1999 1,000 1.5
Jerry Zucker September 15, 1999 85,000 1.5
Jerry Zucker September 15, 1999 51,500 1.5
Jerry Zucker September 15, 1999 3,400 1.5
Jerry Zucker September 15, 1999 3,300 1.5
Jerry Zucker September 15, 1999 3,300 1.5
Jerry Zucker September 15, 1999 1,000 1.5
Jerry Zucker September 15, 1999 1,000 1.5
Jerry Zucker September 16, 1999 19,900 1.5
Jerry Zucker September 16, 1999 2,600 1.5
Jerry Zucker September 16, 1999 2,500 1.5
Jerry Zucker September 17, 1999 10,200 1.5625
Jerry Zucker September 17, 1999 15,300 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 the
Reporting Person 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 the Reporting Person.
(e) Date Reporting Person Ceased to be 5% Owner: Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
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to Securities of the Issuer.
---------------------------
None.
Item 7. Materials to be Filed as Exhibits.
---------------------------------
None.
Page 7 of 8 Pages
<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.
Date: September 17, 1999
/s/ Jerry Zucker
__________________________________________
Print Name: Jerry Zucker
Page 8 of 8 Pages
