SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)1
FIRSTMARK CORP.
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(Name of Issuer)
Common Stock, Par Value $0.20 Per Share
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(Title of Class of Securities)
337908 20 6
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(CUSIP Number)
H. William Coogan, Jr., One James Center, 901 East Cary Street
Richmond, Virginia 23219
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
N/A
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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.
(Continued on following pages)
(Page 1 of 6 Pages)
1The 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, as amended (the "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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CUSIP No. 337908 20 6 SCHEDULE 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
H. William Coogan, Jr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [__]
(b) [__]
Not Applicable
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [__]
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,001,389**
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8 SHARED VOTING POWER
BENEFICIALLY
-0-
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OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,001,389**
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10 SHARED DISPOSITIVE POWER
PERSON WITH
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,001,389**
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [__]
Not Applicable
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.9%**
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
** See Item 3 below.
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This Amendment No. 1 hereby amends and supplements the Schedule 13D
(the "Schedule 13D") dated April 12, 1997, filed by H. William Coogan, Jr. with
the Securities and Exchange Commission (the "SEC") on or about April 14, 1997.
Item 1. Security and Issuer.
This Schedule 13D relates to the Common Stock, par value $0.20
per share ("Common Stock"), of Firstmark Corp. (the "Issuer"), a Maine
corporation that, through a subsidiary, Southern Title Insurance Corporation
("STIC"), is principally engaged in the business of issuing title insurance. The
Issuer also makes venture capital and real estate investments. The address of
the principal executive offices of the Issuer is One Financial Place, 222
Kennedy Memorial Drive, Waterville, Maine 04901.
Item 2. Identity and Background.
(a) H. William Coogan, Jr.
(b) The business address of Mr. Coogan is One James
Center, 901 East Cary Street, Richmond, Virginia 23219.
(c) Mr. Coogan is a director of the Issuer, whose address
is set forth in Item 1, Chairman and Chief Executive Officer of Southern Capital
Corp., a subsidiary of the Issuer ("SCC"), whose address is set forth in item
2(b), and Chief Investment Officer and a director of STIC, whose address is set
forth in item 2(b).
(d) During the past five years, Mr. Coogan has not
been convicted in a criminal proceeding, excluding traffic violations or similar
misdemeanors.
(e) During the past five years, Mr. Coogan has not been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and has not been subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
(f) Mr. Coogan is a citizen of the United States of
America.
Item 3. Source and Amount of Funds or Other Consideration.
The source and amount of funds or other consideration used by
Mr. Coogan in acquiring beneficial ownership of shares of Common Stock are as
follows:
Page 3 of 6 Pages
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Prior to June 7, 1996, Mr. Coogan, Donald V. Cruickshanks and
the H. William Coogan Irrevocable Trust were the shareholders of SCC. SCC,
through its subsidiary, STIC, is principally engaged in the business of issuing
title insurance. SCC also makes venture capital and real estate investments.
Between June 1992 and June 7, 1996, Mr. Coogan had acquired 31 shares of SCC
common stock with personal funds.
On June 7, 1996, SCC was merged with and into Southern Capital
Acquisition Corporation, a Virginia corporation and wholly-owned subsidiary of
the Issuer ("SCAC"), pursuant to an Agreement and Plan of Reorganization, dated
as of April 30, 1996, between SCC, SCAC and the Issuer (the "Reorganization").
As part of the Reorganization, each share of SCC common stock was converted into
and exchanged for 400 shares of the Issuer's Series B, cumulative, non-voting
preferred stock, par value $0.20 per share ("Series B Preferred Stock").
Accordingly, the three shareholders of SCC received in the aggregate 40,000
shares of Series B Preferred Stock. Pursuant to the Statement of Resolution
Establishing Series of Shares of the Issuer, dated May 7, 1996 (the "Series B
Resolution"), the shares of Series B Preferred Stock were not convertible by its
holders, but were convertible by the Issuer into not less than 2,000,000 shares
of Common Stock, subject to adjustment if the market price of Common Stock was
less than $4.00 per share at the time of conversion. A more complete description
of the Reorganization is contained in the Issuer's definitive Proxy Statement
for a Special Meeting of Stockholders held on February 25, 1997, which was filed
with the Securities and Exchange Commission on February 5, 1997. Mr. Coogan
acquired 12,400 shares of Series B Preferred Stock in the Reorganization.
In March 1997, the Issuer's Board of Directors approved of and
directed the conversion of each issued and outstanding share of Series B
Preferred Stock into shares of Common Stock, effective April 1997, pursuant to
the Series B Resolution. Pursuant to the terms of the Series B Resolution
relating to the determination of the number of shares of Common Stock that the
holders of Series B Preferred Stock shall receive upon such conversion, each
share of Series B Preferred Stock is convertible into 80.7571 shares of Common
Stock. Accordingly, upon the consummation of the conversion, Mr. Coogan will
receive 1,001,389 shares of Common Stock.
The conversion and the actual issuance of shares of Common
Stock to Mr. Coogan has not yet occurred and is pending the approval of the
Federal Communications Commission (the "FCC"). The Issuer currently owns the
voting stock of Champion Broadcasting Corporation ("CBC"), which owns and
operates radio stations subject to FCC regulation. FCC counsel to CBC has
advised the Issuer that the actual acquisition by Mr. Coogan of beneficial
ownership of Common Stock cannot occur until the Issuer receives the necessary
approval from the FCC or other arrangements are made with respect to the voting
stock of CBC that would obviate the need for such FCC approval.
Upon the conversion described above, Mr. Coogan will acquire
beneficial ownership of 1,001,389 shares of Common Stock.
Donald V. Cruickshanks is filing a separate Amendment No. 1 to
Schedule 13D with respect to 1,065,994 shares of Common Stock to be beneficially
owned by him, and the H.
Page 4 of 6 Pages
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William Coogan Irrevocable Trust and Susan C. Coogan, Trustee under the H.
William Coogan Irrevocable Trust Agreement dated December 30, 1992, are filing a
separate Amendment No. 1 to Joint Schedule 13D with respect to 1,162,903 shares
of Common Stock to be beneficially owned by them.
Item 4. Purpose of Transaction.
Mr. Coogan's purpose in acquiring Common Stock of the Issuer
is described in Item 3 above.
There are no plans or proposals that Mr. Coogan may have that
relate to or would result in:
(a) the acquisition by any person of additional
securities of the Issuer, or the disposition of securities
of the Issuer;
(b) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the Issuer
or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of
the Issuer of any of its subsidiaries;
(d) any change in the present board of directors or
management of the Issuer, including any plans or proposals
that change the number or term of directors or to fill any
existing vacancies on the board;
(e) any material change in the present capitalization or
dividend policy of the Issuer;
(f) any other material change in the Issuer's business or
corporate structure;
(g) changes in the Issuer's charter, bylaws or
instruments corresponding thereto or other actions that may
impede the acquisition of control of the Issuer by any
person;
(h) causing a class of securities of the Issuer to be
delisted from a national securities exchange or to cease to
be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association;
(i) a class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934, as amended;
or
(j) any action similar to any of those enumerated above.
Page 5 of 6 Pages
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Item 5. Interest in Securities of the Issuer.
(a) Subject to the regulatory approval described in Item
3 above, the aggregate number and percentage of Common Stock to be beneficially
owned by Mr. Coogan will be 1,001,389 and 18.9% of the issued and outstanding
shares of Common Stock.
(b) Subject to the regulatory approval described in
Item 3 above, Mr. Coogan will possess the sole power to vote or direct the vote
and to dispose or direct the disposition of 1,001,389 shares of Common Stock.
(c) On March 12, 1997, the Issuer approved of and
directed the conversion of each issued and outstanding share of Series B
Preferred Stock into shares of Common Stock, effective April 1997. Under the
terms of the Series B Preferred Stock, each share of Series B Preferred Stock
will be convertible into 80.7571 shares of Common Stock. For a more complete
description of this and related transactions, see Item 3 above.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Mr. Coogan is a director of the Issuer, Chairman and Chief
Executive Officer of SCC, and Chief Investment Officer and a director of STIC.
Item 7. Material to be Filed as Exhibits.
None.
Page 6 of 6 Pages
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SIGNATURES
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: May 10, 1997 /s/ H. William Coogan, Jr.
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H. William Coogan, Jr.
Attention: Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
