UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)*
Meritage Hospitality Group Inc., a Michigan corporation
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(Name of Issuer)
Common Shares, $.01 par value
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(Title of Class of Securities)
59000K 10 1
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(CUSIP Number)
Robert E. Schermer, Sr.
c/o Robert W. Baird & Co. Incorporated
333 Bridge Street, N.W., Suite 1000
Grand Rapids, Michigan 49504
(616) 459-4491
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 27, 2000
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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) 13d-1(f) or 13d-1(g), check the following box
[ ].
*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 of 3 Pages
<PAGE>
CUSIP NO. 59000K 10 1 Schedule 13D Page 2 of 3 Pages
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1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert E. Schermer, Sr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO TIME 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States, State of Michigan
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7 SOLE VOTING POWER
630,537
NUMBER OF SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH
REPORTING PERSON 4,000
WITH ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER
630,537
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10 SHARED DISPOSITIVE POWER
4,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
634,537
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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)
10.99 %
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14 TYPE OF REPORTING PERSON
IN
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<PAGE>
This Schedule 13D as previously filed is amended in Items 3 and 5 by adding the
material below.
Item 3. Source and Amount of Funds or Other Consideration.
On June 27, 2000, Mr. Schermer used personal funds to acquire 123,900
common shares in a private transaction described in Item 5(c) below. In
addition, Mr. Schermer used personal funds to acquire 1,600 common shares in
market transactions in the last 60 days as described in Item 5(c) below. On May
16, 2000, options for 1,000 common shares, which are immediately exercisable,
were acquired pursuant to Meritage's 1996 Directors' Share Option Plan.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Schermer owns 625,537 common shares, and holds options for 9,000
common shares pursuant to Meritage's 1996 Directors' Share Option Plan
which are immediately exercisable. See also page 2, nos. 11 and 13.
(b) See page 2, nos. 7, 8, 9 and 10. The 4,000 shares identified in nos. 8
and 10 are owned by Mr. Schermer's spouse.
(c) On May 16, 2000, Mr. Schermer acquired 1,000 common shares pursuant to
Meritage's 1996 Directors' Share Option Plan which are immediately
exercisable. The options have an exercise price of $2.25 which is
based on the market price of the common shares at the time of the
grant.
On May 25, 2000, Mr. Schermer used personal funds to acquire 500
common shares in a market transactions at a price of $2.1875 per
share.
On June 27, 2000, Mr. Schermer used personal funds to acquire 1,100
common shares in a market transaction at a price of $2.125 per share.
On June 27, 2000, Mr. Schermer used personal funds to acquire 123,900
common shares in a private transaction at a price of $2.125 per share.
(d) None.
(e) Not applicable.
SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 5, 2000 /s/ Robert E. Schermer, Sr.
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Robert E. Schermer, Sr.
Page 3 of 3 Pages
