STEWART ENTERPRISES INC
POS AM, 1997-04-16
REAL ESTATE
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As filed with the Securities and Exchange Commission on April 16, 1997.
                                                   Registration No. 33-73626



                   SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
                    
                     
                     Post-Effective Amendment No. 1 to
                                FORM S-3
       REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
          
          
                         Stewart Enterprises, Inc.
        (Exact name of registrant as specified in its charter)

   Louisiana          110 Veterans Memorial Boulevard          72-0693290
(State or other          Metairie, Louisiana 70005         (I.R.S. Employer
jurisdiction of              (504) 837-5880              Identification Number)
incorporation or      (Address, including zip code,and 
                   telephone number,including area code, 
                 of registrant's principal executive offices)



  Joseph P. Henican, III                                Copy to:
Chief Executive Officer and                        Dionne M. Rousseau
 Vice Chairman of the Board               Jones, Walker, Waechter, Poitevent,
 Stewart Enterprises, Inc.                      Carrere & Denegre, L.L.P.
     P. O. Box 19925                                    51st Floor
New Orleans, Louisiana  70179                     201 St. Charles Avenue
      (504) 837-5880                       New Orleans, Louisiana 70170-5100
(Name, address, including zip code, 
and telephone number,including area 
  code, of agent for service)
        
        
        APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
                                Not Applicable
            
            
If  the  only securities being registered on this Form are being offered 
pursuant to dividend or interest reinvestment plans, please check the 
following box. [ ] 

If any of  the  securities  being  registered  on  this  Form are to be 
offered on a delayed or continuous basis pursuant to Rule 415 under the 
Securities  Act  of 1933, other than securities offered only in connection 
with dividend or interest reinvestment  plans, check the following box. [ ]

If  this Form is filed to register additional securities for an offering 
pursuant to Rule 462(b) under the Securities Act, please check the following  
box and list the Securities Act registration statement number of the earlier  
effective registration statement for the same offering. [ ]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under 
the Securities Act, check the following box and list the Securities Act 
registration statement number of the earlier effective registration statement 
for the same offering. [ ]

If  delivery  of  the prospectus is expected to be made pursuant to Rule 434, 
please check the following box. [ ]


The registrant hereby requests that this Post-Effective Amendment No. 1 become 
effective as soon as practicable pursuant to Section 8(c) of the Securities 
Act of 1933.

                                   
                         STEWART ENTERPRISES, INC.

                        Explanation of Deregistration


On December 30, 1993, Stewart Enterprises, Inc. ("Stewart"), a Louisiana
corporation, pursuant to the Registration  Agreement  discussed  below,  filed
Registration   Statement   No.   33-73626   on  Form  S-3  (the  "Registration
Statement"), to register 127,770 shares of its  Class  A  Common Stock, no par
value per share (the "Class A Common Shares").  The Class A Common Shares were
owned by the selling shareholders listed on Page 4 of the prospectus  included
in  the Registration Statement (the "Selling Shareholders").  A supplement  to
the prospectus,  dated  May  17,  1995, was filed with the Securities Exchange
Commission pursuant to Rule 424(b)(3) on May 19, 1995.

Since  the effective date of the  Registration  Statement,  Stewart  has
effected a three-for-two  stock  split  in the form of a 50% stock dividend on
June 21, 1996.  Therefore, the number of  Class  A  Common Shares to which the
Registration Statement relates was increased from 127,770 to 191,655 shares.

On October 21, 1993, Stewart and the Selling Shareholders  entered  into
two  agreements  (collectively,  the "Registration Agreement") whereby Stewart
agreed  to maintain the effectiveness  of  the  Registration  Statement  until
October 21,  1996.   In  addition,  in  its  Registration  Statement,  Stewart
undertook  to  remove from registration by means of a post-effective amendment
any of the Class  A  Common Shares which remained unsold at the termination of
the offering.

Since the effective  date  of  the  Registration  Statement, the Selling
Shareholders  have  sold  some  but  not  all  of  the Class A Common  Shares.
Therefore, in accordance with the Registration Agreement  and  the undertaking
in the Registration Statement, Stewart hereby deregisters 67,888  of its Class
A Common Shares owned by the Selling Shareholders, which remain unsold  at the
termination of the offering.


                               SIGNATURES

     Pursuant  to  the  requirements  of  the  Securities  Act  of  1933, the
Registrant  certifies that it has reasonable grounds to believe that it  meets
all of the requirements  for filing on Form S-3 and has duly caused this Post-
Effective Amendment No. 1  to  the  Registration Statement to be signed on its
behalf by the undersigned, thereunto  duly  authorized,  in  the  City  of New
Orleans, State of Louisiana, on April 14, 1997.

                                              Stewart Enterprises, Inc.

                                              By:   /s/ FRANK B. STEWART, JR.
                                                 ----------------------------
                                                      Frank B. Stewart, Jr.
                                                      Chairman of the Board

     Pursuant  to the requirements of the Securities Act of 1933, as amended,
this Post-Effective  Amendment  No.  1  to the Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.

Signature                          Title                         Date


/s/ FRANK B. STEWART, JR.    Chairman of the Board           April 14, 1997
- -------------------------
Frank B. Stewart, Jr.


           *                 Chief Executive Officer and     April 14, 1997
- ------------------------     Vice Chairman of the Board
Joseph P. Henican, III       (Principal Executive Officer)


- ------------------------     President, Chief Operating      April   , 1997
   William E. Rowe           Officer and a Director


           *                 Chief Financial Officer,        April 14, 1997
- -------------------------    President-Corporate Division,
   Ronald H. Patron          Executive Vice President and 
                             a Director (Principal Financial 
                             Officer)

           *                 Senior Vice President-Finance,  April 14, 1997
- ------------------------     Secreaytry Tresurer (Principal
   Kenneth C. Budde          Accounting Officer)

           *                           Director              April 14, 1997
- ------------------------   
   Darwin C. Fenner


           *                           Director              April 14, 1997
- ------------------------   
   Michael O. Read

               
                                       Director              April   , 1997
- ------------------------   
   James W. McFarland


                                       Director              April   , 1997
- ------------------------   
   John P. Laborde


*By:   /s/ FRANK B. STEWART, JR.
    ------------------------------   
       Frank B. Stewart, Jr.
       Agent and Attorney-in-Fact



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