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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
Lahaina Acquisitions, Inc.
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
507275105
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(CUSIP Number)
Sherry Sagemiller
1460 Squire Lane
Cumming, GA 30041
(770) 887-8388
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
8/23/99
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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.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on the 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 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).
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SCHEDULE 13D
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<S> <C>
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CUSIP No. 507275105 Page 2 of 2 Pages
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1 NAME OR REPORTING PERSON Sherry Sagemiller
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
N/A (B) [ ]
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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) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION US
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NUMBER OF 7 SOLE VOTING POWER 833,330
SHARES ---------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 0
EACH ---------------------------------------------------------------------------------------
REPORTING
PERSON WITH 9 SOLE DISPOSITIVE POWER 833,330
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10 SHARED DISPOSITIVE POWER 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 833,330
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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) 5.1%
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14 TYPE OF REPORTING PERSON IN
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</TABLE>
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SEC 1746 (9-88) 2 of 7
Item 1. Security and Issuer.
This Report relates to 833,330 shares of the Common Stock, no par
value per share Lahaina Acquisitions, Inc., a Colorado corporation. The address
of the Issuer's principal executive office is 5895 Windward Parkway, Suite 200,
Alpharetta, Georgia 30005.
The principal executive officers of the Issuer are:
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L. Scott Demerau President and Chief Executive Officer
Betty Sullivan Executive Vice President-Administration and Secretary
Colman Hoffman Executive Vice President-Finance and Treasurer
Sherry Sagemiller Assistant Secretary
</TABLE>
Item 2. Identity and Background.
The Reporting Person is an individual.
(a) Name: Sherry Sagemiller
(b) Residence: 1460 Squire Lane
Cumming, GA 30041
(c) Principal Employment: Mortgage Company
(d)& (e) The Reporting Person has not, during the
past five years (i) been convicted in a criminal
proceeding (excluding traffic violations or
similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment,
decree of final order in joining future
violations of, or prohibiting or mandating
activities subject to federal or state securities
laws or finding any violation with respect to
such laws.
Item 3. Source and Amount of Funds and Other Consideration.
833,330 shares of Common Stock were issued to the Reporting Person
in consideration of the Reporting Person's surrender of certificate(s)
evidencing 83,330 shares of Common Stock of The Accent Group, Inc. ("Accent").
766,666 of the 833,330 shares of Common Stock issued to the Reporting Person
will be retained by Lahaina Acquisitions, Inc. until certain conditions of
release relating to a property contributed by the Reporting Person are
satisfied.
Item 4. Purpose of Transaction.
The Reporting Person purchased the securities reported herein
through a negotiated transaction between Accent, of which the Reporting Person
was a shareholder, and the Issuer, by which Accent became a wholly-owned
subsidiary of the Issuer. In connection with the merger, the following persons
were elected to the Board of Directors of the Issuer:
1
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L. Scott Demerau
Betty Sullivan
Sherry Sagemiller
Bart Siegel
Pursuant to the merger, the former shareholders of Accent have
gained control of the Issuer.
The Reporting Person currently contemplates no material change in
the Issuer's corporate structure.
Item 5. Interest in the Securities of the Issuer.
The Reporting Person has acquired 833,333 shares of Common Stock.
As a result of such ownership, the Reporting Person has beneficial ownership
with respect to 5.1% of the outstanding Common Stock of the Issuer. 833,333
shares are held with sole voting power and sole dispositive power. Other than
the acquisition reported pursuant to this Report, the Reporting Person has not
engaged in any transactions in any securities of the Issuer. The Reporting
Person is not a member of any group.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships requiring disclosure pursuant to this Item 6.
Item 7. Material to be Filed as Exhibits.
The following documents are filed as exhibits:
(i) Agreement and Plan of Merger, dated July 21, 1999, by and
among Lahaina Acquisitions, Inc. and LAHA No. 1, Inc.,
Mongoose Investments, LLC, The Accent Group, Inc. and
Accent Mortgage Services, Inc.1/
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1/ Incorporated by reference to the Issuer's Current Report on Form 8-K dated
August 23, 1999.
2
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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.
9/2/99
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Date
By: /s/ Sherry Sagemiller
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Sherry Sagemiller
3
