<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Speizman Industries, Inc
-------------------------------------------
(Name of Issuer)
Common Stock
------------------------------------------
(Title of Class of Securities)
847805108
-------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement X. (A fee is
not required only if the filing 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.)
* 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).
(Continued on following page(s))
Page 1 of 8 Pages
<PAGE>
CUSIP No. 847805108
---------
________________________________________________________________________________
1) Names of Reporting Person SAFECO Common Stock Trust
S.S. or I.R.S. Identifica-
tion No. of Above Person
________________________________________________________________________________
2) Check the Appropriate Box (a)
if a Member of a Group ______________________________
(See Instructions) (b)
________________________________________________________________________________
3) SEC Use Only
________________________________________________________________________________
4) Citizenship or Place of State of Delaware
Organization
________________________________________________________________________________
Number of (5) Sole Voting
Shares Bene- Power 0
ficially
Owned by ________________________________________________________________
Each Reporting (6) Shared Voting 164,500
Person With Power
________________________________________________________________
(7) Sole Disposi-
tive Power 0
________________________________________________________________
(8) Shared 164,500
Dispositive
Power
________________________________________________________________________________
9) Aggregate Amount Bene- 164,500
ficially Owned by Each
Reporting Person
________________________________________________________________________________
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See
Instructions)
________________________________________________________________________________
11) Percent of Class
Represented by Amount 5.2%
in Row 9
________________________________________________________________________________
12) Type of Reporting Person IV
(See Instructions)
________________________________________________________________________________
Page 2 of 8
<PAGE>
CUSIP No. 847805108
---------
________________________________________________________________________________
1) Names of Reporting Person SAFECO Asset Management Company
S.S. or I.R.S. Identifica-
tion No. of Above Person
________________________________________________________________________________
2) Check the Appropriate Box (a)
if a Member of a Group ______________________________
(See Instructions) (b)
________________________________________________________________________________
3) SEC Use Only
________________________________________________________________________________
4) Citizenship or Place of State of Washington
Organization
________________________________________________________________________________
Number of (5) Sole Voting
Shares Bene- Power 0
ficially
Owned by ________________________________________________________________
Each Reporting (6) Shared Voting 183,000
Person With Power
________________________________________________________________
(7) Sole Disposi-
tive Power 0
________________________________________________________________
(8) Shared 183,000
Dispositive
Power
________________________________________________________________________________
9) Aggregate Amount Bene- 183,000(1)
ficially Owned by Each
Reporting Person
________________________________________________________________________________
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See
Instructions)
________________________________________________________________________________
11) Percent of Class
Represented by Amount 5.8%
in Row 9
________________________________________________________________________________
12) Type of Reporting Person IA
(See Instructions)
________________________________________________________________________________
____________________
(1) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G.
Page 3 of 8
<PAGE>
CUSIP No. 847805108
---------
________________________________________________________________________________
1) Names of Reporting Person SAFECO Corporation
S.S. or I.R.S. Identifica-
tion No. of Above Person
________________________________________________________________________________
2) Check the Appropriate Box (a)
if a Member of a Group ______________________________
(See Instructions) (b)
________________________________________________________________________________
3) SEC Use Only
________________________________________________________________________________
4) Citizenship or Place of State of Washington
Organization
________________________________________________________________________________
Number of (5) Sole Voting
Shares Bene- Power 0
ficially
Owned by ________________________________________________________________
Each Reporting (6) Shared Voting 183,000
Person With Power
________________________________________________________________
(7) Sole Disposi-
tive Power 0
________________________________________________________________
(8) Shared 183,000
Dispositive
Power
________________________________________________________________________________
9) Aggregate Amount Bene- 183,000(2)
ficially Owned by Each
Reporting Person
________________________________________________________________________________
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See
Instructions)
________________________________________________________________________________
11) Percent of Class
Represented by Amount 5.8%
in Row 9
________________________________________________________________________________
12) Type of Reporting Person HC
(See Instructions)
________________________________________________________________________________
____________________
(2) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G.
Page 4 of 8
<PAGE>
CUSIP No. 847805108
---------
Item 1(a). Name of Issuer:
See front cover
Item 1(b). Address of Issuer Principal Executive Offices:
508 West Fifth Street
P.O. Box 31215
Charlotte, NC 28231
Item 2(a). Name of Person(s) Filing:
See Item 1 on cover page (pp 2-4).
Item 2(b). Address of Principal Business Office or, If None, Residence:
SAFECO Plaza
Seattle, WA 98185
Item 2(c). Citizenship:
See Item 4 on cover page (pp 2-4).
Item 2(d). Title of Class of Securities:
See front cover page.
Item 2(e). CUSIP Number:
See front cover page.
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
check whether the persons filing are:
(a) ( ) Broker or Dealer registered under Section 15 of
the Act.
(b) ( ) Bank as defined in Section 3(a)(6) of the Act.
(c) ( ) Insurance Company as defined in Section 3(a)(19) of the Act.
(d) (X) Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) (X) Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940.
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to
provisions of Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F).
Page 5 of 8
<PAGE>
CUSIP No. 847805108
---------
(g) (X) Parent Holding Company in accordance with Rule 13d-
1(b)(ii)(G).
(h) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership:
Items (a) through (c):
See items 1 and 5-11 of the cover pages (pp 2-4).
SAFECO Asset Management Company and SAFECO Corporation expressly
declare that the filing of this statement on Schedule 13G shall not
be construed as an admission that they are, for the purposes of
Section 13(d) or 13(g) of the Securities and Exchange Act of 1934,
the beneficial owners of any securities covered by this statement.
Item 5. Ownership of 5% or Less of a Class:
Not applicable.
Item 6. Ownership of More than 5% 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.
SAFECO Asset Management Company is the subsidiary which SAFECO
Corporation is reporting on as the parent holding company. SAFECO
Asset Management Company is an IA as specified in Item 12 on the
cover page (p 3).
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect
Page 6 of 8
<PAGE>
of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Exhibits.
The statement required by Rule 13d-1(f) is attached as Exhibit A.
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 ________________ SAFECO Common Stock Trust
By _____________________________
Ronald L. Spaulding, Treasurer
SAFECO Corporation
By _____________________________
Ronald L. Spaulding, Treasurer
SAFECO Asset Management Company
By ____________________________
Neal A. Fuller, Secretary
Page 7 of 8
<PAGE>
EXHIBIT A
Agreement for filing Schedule 13-G.
Pursuant to the requirements of Regulation 13d-1(d), SAFECO Common Stock Trust,
SAFECO Corporation and SAFECO Asset Management Company each agree that Schedule
13-G filed by them with regard to Speizman Industries, Inc.'s common stock is
filed on behalf of each of them.
Date ________________ SAFECO Common Stock Trust
SAFECO Corporation
By _____________________________
Ronald L. Spaulding, Treasurer
SAFECO Asset Management Company
By ____________________________
Neal A. Fuller, Secretary
Page 8 of 8
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Speizman Industries, Inc
-------------------------------------------
(Name of Issuer)
Common Stock
-------------------------------------------
(Title of Class of Securities)
847805108
-------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement _. (A fee is
not required only if the filing 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.)
* 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).
(Continued on following page(s))
Page 1 of 8 Pages
<PAGE>
CUSIP No. 847805108
---------
________________________________________________________________________________
1) Name of Reporting Person SAFECO Common Stock Trust
S.S. or I.R.S. Identifica-
tion No. of Above Person
________________________________________________________________________________
2) Check the Appropriate Box (a)
if a Member of a Group ______________________________
(See Instructions) (b)
________________________________________________________________________________
3) SEC Use Only
________________________________________________________________________________
4) Citizenship or Place of State of Delaware
Organization
________________________________________________________________________________
Number of (5) Sole Voting
Shares Bene- Power 0
ficially
Owned by ________________________________________________________________
Reporting (6) Shared Voting 164,500
Person With Power
________________________________________________________________
(7) Sole Disposi-
tive Power 0
________________________________________________________________
(8) Shared 164,500
Dispositive
Power
________________________________________________________________________________
9) Aggregate Amount Bene- 164,500
ficially Owned by
Reporting Person
________________________________________________________________________________
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See
Instructions)
________________________________________________________________________________
11) Percent of Class
Represented by Amount 5.1%
in Row 9
________________________________________________________________________________
12) Type of Reporting Person IV
(See Instructions)
________________________________________________________________________________
Page 2 of 8
<PAGE>
CUSIP No. 847805108
---------
_______________________________________________________________________________
1) Name of Reporting Person SAFECO Asset Management Company
S.S. or I.R.S. Identifica-
tion No. of Above Person
________________________________________________________________________________
2) Check the Appropriate Box (a)
if a Member of a Group ______________________________
(See Instructions) (b)
________________________________________________________________________________
3) SEC Use Only
________________________________________________________________________________
4) Citizenship or Place of State of Washington
Organization
________________________________________________________________________________
Number of (5) Sole Voting
Shares Bene- Power 0
ficially
Owned by ________________________________________________________________
Reporting (6) Shared Voting 183,000
Person With Power
________________________________________________________________
(7) Sole Disposi-
tive Power 0
________________________________________________________________
(8) Shared 183,000
Dispositive
Power
________________________________________________________________________________
9) Aggregate Amount Bene- 183,000(1)
ficially Owned by
Reporting Person
________________________________________________________________________________
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See
Instructions)
________________________________________________________________________________
11) Percent of Class
Represented by Amount 5.7%
in Row 9
________________________________________________________________________________
12) Type of Reporting Person IA
(See Instructions)
________________________________________________________________________________
____________________
(1) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G.
Page 3 of 8
<PAGE>
CUSIP No. 847805108
---------
_______________________________________________________________________________
1) Name of Reporting Person SAFECO Corporation
S.S. or I.R.S. Identifica-
tion No. of Above Person
________________________________________________________________________________
2) Check the Appropriate Box (a)
if a Member of a Group _________________________
(See Instructions) (b)
________________________________________________________________________________
3) SEC Use Only
________________________________________________________________________________
4) Citizenship or Place of State of Washington
Organization
________________________________________________________________________________
Number of (5) Sole Voting
Shares Bene- Power 0
ficially
Owned by ________________________________________________________________
Reporting (6) Shared Voting 183,000
Person With Power
________________________________________________________________
(7) Sole Disposi-
tive Power 0
________________________________________________________________
(8) Shared 183,000
Dispositive
Power
________________________________________________________________________________
9) Aggregate Amount Bene- 183,000(2)
ficially Owned by
Reporting Person
________________________________________________________________________________
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See
Instructions)
________________________________________________________________________________
11) Percent of Class
Represented by Amount 5.7%
in Row 9
________________________________________________________________________________
12) Type of Reporting Person HC
(See Instructions)
________________________________________________________________________________
____________________
(2) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G.
Page 4 of 8
<PAGE>
CUSIP No. 847805108
---------
Item 1(a). Name of Issuer:
See front cover
Item 1(b). Address of Issuer Principal Executive Offices:
508 West Fifth Street
P.O. Box 31215
Charlotte, NC 28231
Item 2(a). Name of Person(s) Filing:
See Item 1 on cover page (pp 2-4).
Item 2(b). Address of Principal Business Office or, If None, Residence:
SAFECO Plaza
Seattle, WA 98185
Item 2(c). Citizenship:
See Item 4 on cover page (pp 2-4).
Item 2(d). Title of Class of Securities:
See front cover page.
Item 2(e). CUSIP Number:
See front cover page.
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
check whether the persons filing are:
(a) ( ) Broker or Dealer registered under Section 15 of
the Act.
(b) ( ) Bank as defined in Section 3(a)(6) of the Act.
(c) ( ) Insurance Company as defined in Section 3(a)(19) of the Act.
(d) (X) Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) (X) Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940.
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to
provisions of Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F).
(g) (X) Parent Holding Company in accordance with Rule 13d-
1(b)(ii)(G).
(h) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Page 5 of 8
<PAGE>
CUSIP No. 847805108
---------
Item 4. Ownership:
Items (a) through (c):
See items 1 and 5-11 of the cover pages (pp 2-4).
SAFECO Asset Management Company and SAFECO Corporation expressly
declare that the filing of this statement on Schedule 13G shall not
be construed as an admission that they are, for the purposes of
Section 13(d) or 13(g) of the Securities and Exchange Act of 1934,
the beneficial owners of any securities covered by this statement.
Item 5. Ownership of 5% or Less of a Class:
Not applicable.
Item 6. Ownership of More than 5% 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.
SAFECO Asset Management Company is the subsidiary on which SAFECO
Corporation is reporting as the parent holding company. SAFECO
Asset Management Company is an IA as specified in Item 12 on the
cover page (p 3).
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
Exhibits.
The statement required by Rule 13d-1(f) is attached as Exhibit A.
Page 6 of 8
<PAGE>
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 February __, 1996 SAFECO Common Stock Trust
By _____________________________
Ronald L. Spaulding, Treasurer
SAFECO Corporation
By _____________________________
Ronald L. Spaulding, Treasurer
SAFECO Asset Management Company
By ____________________________
Neal A. Fuller, Secretary
Page 7 of 8
<PAGE>
EXHIBIT A
Agreement for filing Schedule 13-G.
Pursuant to the requirements of Regulation 13d-1(d), SAFECO Common Stock Trust,
SAFECO Corporation and SAFECO Asset Management Company each agree that Schedule
13-G filed by them with regard to Speizman Industries, Inc.'s common stock is
filed on behalf of each of them.
Date February __, 1996 SAFECO Common Stock Trust
SAFECO Corporation
By _____________________________
Ronald L. Spaulding, Treasurer
SAFECO Asset Management Company
By ____________________________
Neal A. Fuller, Secretary
Page 8 of 8
