<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
Lahaina Acquisitions, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
507275105
- --------------------------------------------------------------------------------
(CUSIP Number)
L. Scott Demerau
Lahaina Acquisitions, Inc.
5895 Windward Parkway, Suite 200
Alpharetta, Georgia 30005
(770) 754-6140
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
8/23/99
- --------------------------------------------------------------------------------
(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).
<PAGE> 2
SCHEDULE 13D
CUSIP No. 507275105 Page 2 of 2 Pages
--------------- --- ---
- ---- ------------------------------------------------------------------------
1 NAME OR REPORTING PERSON L. Scott Demerau
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
- ---- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
N/A (B) [ ]
- ---- ------------------------------------------------------------------------
3 SEC USE ONLY
- ---- ------------------------------------------------------------------------
4 SOURCE OF FUNDS 00
- ---- ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ---- ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION US
- ---- ------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 2,259,500
SHARES
BENEFICIALLY ----- ---------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER 3,737,500
REPORTING
PERSON WITH ----- ---------------------------------------------------
9 SOLE DISPOSITIVE POWER 2,259,500
- ---- ------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 3,737,500
- ---- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 5,997,000
- ---- ------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- ---- ------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 37.0%
- ---- ------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ---- ------------------------------------------------------------------------
<PAGE> 3
SEC 1746 (9-88) 2 of 7
Item 1. Security and Issuer.
This Report relates to 5,997,000 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:
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
Item 2. Identity and Background.
The Reporting Person is an individual.
(a) Name: L. Scott Demerau
(b) Business Address: 5895 Windward Parkway,
Suite 200, Alpharetta,
Georgia 30005
(c) Principal Business: Real Estate Development
and Mortgage Financing
(d)&(e) Neither the Reporting Person nor any of its
executive officers or directors have, 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.
2,559,500 shares of Common Stock were issued to the Reporting Person in
consideration of the Reporting Person's surrender of certificate(s) evidencing
255,950 shares of Common Stock of The Accent Group, Inc. ("Accent"). 600,000 of
the 2,559,500 shares of Common Stock issued to the Reporting Person will be
retained by the Issuer until certain conditions of release relating to a
property contributed by the Reporting Person are satisfied. An additional
1,200,000 shares of Common Stock were issued to Eutopean Enterprises, LLC
("Eutopean") in consideration of the surrender of Eutopean's certificate(s)
evidencing 120,000 shares of Common Stock of Accent. The Reporting Person is a
member of and exercises voting control over Eutopean. 2,537,500 shares of Common
Stock were issued to the Reporting Person's wife, Julia Demerau, in
consideration of the surrender of Ms. Demerau's certificate(s) evidencing
253,750 shares of Common Stock of Accent. 600,000 of the 2,537,500 shares of
Common Stock issued to Ms. Demerau will be
1
<PAGE> 4
retained by the Issuer until certain conditions of release relating to a
property contributed by Mr. Demerau 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:
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 2,559,500 shares of Common Stock
directly, 1,200,000 shares of Common Stock indirectly through Eutopean and
2,537,500 shares of Common Stock indirectly through her husband. As a result of
such ownership, the Reporting Person has beneficial ownership with respect to
37.0% of the outstanding Common Stock of the Issuer. 3,737,500 shares are held
with sole voting power and sole dispositive power; 1,200,000 shares are held
with shared voting power and shared 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:
2
<PAGE> 5
(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)
- --------
(1) Incorporated by reference to the Issuer's Current Report on Form 8-K dated
August 23, 1999.
3
<PAGE> 6
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
-----------------
Date
By: L. Scott Demerau
--------------------------------
L. Scott Demerau
4
