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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. (____)*
TEAM AMERICA CORPORATION
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(Name of Issuer)
COMMON SHARES
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(Title of Class of Securities)
878153 10 5
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(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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 ("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. 878153 10 5 (Page 2 of 9)
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1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Richard C. Schilg
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) _____
(b) _____
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3) SEC Use Only
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4) Citizenship or Place of Organization
United States
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Number of (5) Sole Voting Power 958,021
Shares Bene- --------------------------------------------------------------
ficially (6) Shared Voting Power 223,443
Owned by --------------------------------------------------------------
Each Report- (7) Sole Dispositive Power 958,021
ing Person --------------------------------------------------------------
With (8) Shared Dispositive Power 223,443
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,181,464 (See Item 4 of this Schedule 13G)
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
Not Applicable
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11) Percent of Class Represented by Amount in Row 9
35.4%
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12) Type of Reporting Person (See Instructions)
IN
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CUSIP No. 878153 10 5 (Page 3 of 9)
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1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Judith Schilg
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) _____
(b) _____
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3) SEC Use Only
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4) Citizenship or Place of Organization
United States
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Number of (5) Sole Voting Power 0
Shares Bene- --------------------------------------------------------------
ficially (6) Shared Voting Power 223,443
Owned by --------------------------------------------------------------
Each Report- (7) Sole Dispositive Power 0
ing Person --------------------------------------------------------------
With (8) Shared Dispositive Power 223,443
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
223,443 (See Item 4 of this Schedule 13G)
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
Not Applicable
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11) Percent of Class Represented by Amount in Row 9
6.7%
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12) Type of Reporting Person (See Instructions)
IN
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CUSIP No. 878153 10 5 (Page 4 of 9)
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1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Kevin T. Costello
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) _____
(b) _____
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3) SEC Use Only
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4) Citizenship or Place of Organization
United States
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Number of (5) Sole Voting Power 50,000
Shares Bene- --------------------------------------------------------------
ficially (6) Shared Voting Power 373,200
Owned by --------------------------------------------------------------
Each Report- (7) Sole Dispositive Power 50,000
ing Person --------------------------------------------------------------
With (8) Shared Dispositive Power 373,200
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
423,200 (See Item 4 of this Schedule 13G)
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
Not Applicable
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11) Percent of Class Represented by Amount in Row 9
12.7%
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12) Type of Reporting Person (See Instructions)
IN
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CUSIP No. 878153 10 5 (Page 5 of 9)
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1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Anne M. Costello
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) _____
(b) _____
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3) SEC Use Only
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4) Citizenship or Place of Organization
United States
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Number of (5) Sole Voting Power 0
Shares Bene- --------------------------------------------------------------
ficially (6) Shared Voting Power 373,200
Owned by --------------------------------------------------------------
Each Report- (7) Sole Dispositive Power 0
ing Person --------------------------------------------------------------
With (8) Shared Dispositive Power 373,200
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
373,200 (See Item 4 of this Schedule 13G)
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
Not Applicable
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11) Percent of Class Represented by Amount in Row 9
11.2%
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12) Type of Reporting Person (See Instructions)
IN
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CUSIP No. 878153 10 5 (Page 6 of 9)
ITEM 1.
(a) Name of Issuer: TEAM America Corporation
(b) Address of Issuer's Principal Executive Offices:
110 E. Wilson Bridge Road, Suite 150
Worthington, Ohio 43085
ITEM 2.
(a) Name of Person Filing:
Richard C. Schilg
Judith Schilg
Kevin T. Costello
Anne M. Costello
(b) Address of Principal Business Office or, if none, Residence:
The principal business address for each of Messrs. Schilg and Costello
is:
110 E. Wilson Bridge Road, Suite 150
Worthington, Ohio 43085
The address of Judith Schilg's residence is:
3031 E. Orange Road
Lewis Center, Ohio 43035
The address of Anne M. Costello's residence is:
5352 Dunniker Park Drive
Dublin, Ohio 43017
(c) Citizenship:
All of the reporting persons are United States citizens.
(d) Title of Class of Securities:
Common Shares, without par value
(e) CUSIP Number: 878153 10 5
ITEM 3. Not Applicable.
ITEM 4. OWNERSHIP.
The paragraphs below set forth information for each of the reporting
persons with respect to the following:
(a) amount beneficially owned;
(b) percent of class; and
(c) number of shares as to which such person has:
(i) sole power to vote or to direct the vote;
(ii) share power to vote or to direct the vote;
(iii) sole power to dispose or to direct the disposition of;
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CUSIP No. 878153 10 5 (Page 7 of 9)
(iv) shared power to dispose or to direct the disposition
of.
A. Richard C. Schilg, beneficially owns 1,181,464 Common Shares,
representing 35.4% of the outstanding Common Shares. Of such 1,181,464
shares, Mr. Schilg has the sole power to vote and dispose of 958,021
shares owned of record by him and shares with his wife, Judith Schilg,
the power to vote and dispose of 223,443 shares held of record by Mr.
and Mrs. Schilg as joint tenants.
B. Judith Schilg beneficially owns 223,443 Common Shares, representing
6.7% of the outstanding Common Shares. Mrs. Schilg shares with her
husband, Richard C. Schilg, the power to vote and dispose of such
223,443 shares, which are held of record by Mr. and Mrs. Schilg as
joint tenants.
C. Kevin T. Costello beneficially owns 423,200 Common Shares,
representing 12.7% of the outstanding Common Shares. Of such 423,200
shares, Mr. Costello has the sole power to vote and dispose of 50,000
shares owned of record by him and shares with his wife, Anne M.
Costello, the power to vote and dispose of 373,200 shares held of
record by Mr. and Mrs. Costello as joint tenants.
D. Anne M. Costello beneficially owns 373,200 Common Shares, representing
11.2% of the outstanding Common Shares. Mrs. Costello shares with her
husband, Kevin T. Costello, the power to vote and dispose of such
373,200 shares, which are held of record by Mr. and Mrs. Costello as
joint tenants.
For more information with respect to the Common Shares beneficially
owned, percent of class and the sole or shared powers to vote or dispose of such
shares, see the respective cover sheets included herein with respect to each of
the reporting persons.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
Not Applicable
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CUSIP No. 878153 10 5 (Page 8 of 9)
MATERIAL TO BE FILED AS EXHIBITS:
Exhibit Description
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1 Agreement of Joint Filing
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.
/s/ Richard S. Schilg
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Richard S. Schilg, individually
/s/ Judith Schilg
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Judith Schilg, individually
/s/ Kevin T. Costello
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Kevin T. Costello, individually
/s/ Anne M. Costello
--------------------------------
Anne M. Costello, individually
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CUSIP No. 878153 10 5 (Page 9 of 9)
EXHIBIT 1
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AGREEMENT OF JOINT FILING
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The undersigned hereby agree, pursuant to Rule 13d-1(f)(1) promulgated
under the Securities Exchange Act of 1934, as amended, that the foregoing
Schedule 13G relating to the beneficial ownership of Common Shares, without par
value, of TEAM America Corporation is filed on behalf of each of the
undersigned. Each of the undersigned acknowledges responsibility for the timely
filing of said Schedule 13G and any amendments and for the completeness and
accuracy of the information contained herein with respect to such person. This
Agreement of Joint Filing may be executed in multiple counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
Dated as of the 31st day of January, 1997.
/s/ Richard S. Schilg
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Richard S. Schilg, individually
/s/ Judith Schilg
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Judith Schilg, individually
/s/ Kevin T. Costello
-------------------------------
Kevin T. Costello, individually
/s/ Anne M. Costello
-------------------------------
Anne M. Costello, individually
