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SCHEDULE 13D - INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a).*
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* As amended by Releases No.34-15457, dated January 4, 1979, effective
February 14, 1979 (as corrected by Release No. 34-15457A, dated February 25,
1979) and No. 34-14384, dated November 29, 1979, effective January 5, 1980. -
Editor.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT No. 2)*
VSI ENTERPRISES, INC.
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(Name of Issuer)
COMMON STOCK, $.00025 PAR VALUE
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(Title of Class of Securities)
91832B 50 4
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(CUSIP Number)
MARK E. MUNRO AND SUSAN S. MUNRO
300 METRO CENTER BOULEVARD
WARWICK, RHODE ISLAND 02886
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
DECEMBER 31, 1996
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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 [ ].
Check the following box if a fee is being paid with this statement
[ ]. (A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
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.
* 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 period.
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 and
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 page(s))
Page 1 of 6 Pages
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CUSIP No. 91832B 50 4 13D Page 2 of 6 Pages
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(1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
MARK E. MUNRO
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(2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
N/A
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(3) SEC Use Only
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(4) SOURCE OF FUNDS*
00
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
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(6) Citizenship or Place of Organization
UNITED STATES
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(7) Sole Voting Power
Number of 126,956
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 1,003,669
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 126,956
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(10) Shared Dispositive Power
1,003,669
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,130,626
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(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares* [ ]
N/A
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(13) Percent of Class Represented by Amount in Row (11)
2.9
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 91832B 50 4 13D Page 3 of 6 Pages
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(1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
SUSAN S. MUNRO
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(2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
N/A
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(3) SEC Use Only
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(4) SOURCE OF FUNDS*
00
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
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(6) Citizenship or Place of Organization
UNITED STATES
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(7) Sole Voting Power
Number of 1,003,670
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 126,956
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 1,003,670
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(10) Shared Dispositive Power
126,956
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,130,626
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(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares* [ ]
N/A
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(13) Percent of Class Represented by Amount in Row (11)
2.9
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(14) Type of Reporting Person*
IN
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AMENDMENT NO. 2 TO SCHEDULE 13D
OF MARK AND SUSAN MUNRO
ITEM 1. SECURITY AND ISSUER.
This filing relates to the Common Shares, par value $.00025 per share
(the "Common Shares"), of VSI Enterprises, Inc., a Delaware corporation (the
"Issuer"), such shares being registered under Section 12(g) of the Securities
Exchange Act of 1934, as amended (the "Act"). The address of the principal
executive offices of the Issuer is 5801 Goshen Springs Road, Norcross, Georgia
30071.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Mark E. Munro and Susan S. Munro
(b) 300 Metro Center Boulevard
Warwick, Rhode Island 02886
(c) Mr. Munro is President-Sales/Marketing and Distribution of the
Issuer and is to be appointed a Director of the Issuer.
Mr. Munro also serves as Chief Executive Officer of ETI
Acquisition Co., a subsidiary of the Issuer. Ms. Munro serves
as President of ETI Acquisition Co. The address of the
principal executive offices of the Issuer is 5801 Goshen
Springs Road, Norcross, Georgia 30071.
(d) Neither Mr. Munro nor Ms. Munro have been convicted in any
criminal proceeding during the past five years.
(e) Neither Mr. Munro nor Ms. Munro have, during the last five
years, been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction which resulted
in 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. Munro and Ms. Munro are citizens of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS FOR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
Not applicable.
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ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) On December 31, 1996, Mr. Munro transferred 876,713 Common Shares
owned by him to the "Mark E. Munro Charitable Remainder Unitrust - 1996."
Thereafter, collectively, Mr. and Ms. Munro have ceased to be the beneficial
owners of more than 5% of the Issuer's Common Shares. No further amendments
will be filed with respect to this Schedule 13D.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
There are no contracts, arrangements, understandings or relationships
between Mr. Munro or Ms. Munro or any other person with respect to any
securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
No exhibits are filed with this Schedule 13D.
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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: January 23, 1997 /s/ Mark E. Munro
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Mark E. Munro
/s/ Susan S. Munro
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Susan S. Munro
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