<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Dyersburg Corporation
---------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
267575-10-8
-----------
(CUSIP Number)
Kenneth M. Socha, Esquire
Suite 610
1627 I Street, N.W.
Washington, D.C. 20006
(202) 452-0101
- ------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 9, 1996
-----------------
(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 ___.
Check the following box if a fee is being paid with the statement [_].
Page 1 of 10
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CUSIP NO. 267575-10-8
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1) Name of Reporting Person; S.S. or I.R.S. Identification No. of Above
Person.
Kurt T. Borowsky
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) __
(b) X
-
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds
Not Applicable
- --------------------------------------------------------------------------------
5) Check Box If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) /___/
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of Shares 7) Sole Voting Power . . . . . . . . . 177,263
Beneficially Owned ---------------------------------------------------------
by Each Reporting 8) Shared Voting Power . . . . . . . . 1,595,370
Person With ---------------------------------------------------------
9) Sole Dispositive Powers . . . . . . . 177,263
---------------------------------------------------------
10) Shared Dispositive Power . . . . . 1,595,370
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by
Each Reporting Person . . . . . . . . . 1,772,633
- --------------------------------------------------------------------------------
12) Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares . . . . . . . . . Not Applicable
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) . . . 13.46%
- --------------------------------------------------------------------------------
14) Type of Reporting Person . . . . . . . . . IN
Page 2 of 10
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CUSIP NO. 267575-10-8
-----------
1) Name of Reporting Person; S.S. or I.R.S. Identification No. of Above
Person.
David J. Roy
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) __
(b) X
--
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds
Not Applicable
- --------------------------------------------------------------------------------
5) Check Box If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) /___/
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of Shares 7) Sole Voting Power . . . . . . . . . -0-
Beneficially Owned ---------------------------------------------------------
by Each Reporting 8) Shared Voting Power . . . . . . . 1,595,370
Person With ---------------------------------------------------------
9) Sole Dispositive Powers . . . . . . . . -0-
---------------------------------------------------------
10) Shared Dispositive Power . . . . . 1,595,370
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by
Each Reporting Person . . . . . . . . . 1,595,370
- --------------------------------------------------------------------------------
12) Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares . . . . . . . Not Applicable
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) . . . 12.12%
- --------------------------------------------------------------------------------
14) Type of Reporting Person . . . . . . . . IN
Page 3 of 10
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CUSIP NO. 267575-10-8
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1) Name of Reporting Person; S.S. or I.R.S. Identification No. of Above
Person.
Van Beuren Management Trust
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) __
(b) X
--
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds
Not Applicable
- --------------------------------------------------------------------------------
5) Check Box If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) /___/
- --------------------------------------------------------------------------------
6) Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of Shares 7) Sole Voting Power . . . . . . . . . -0-
Beneficially Owned ---------------------------------------------------------
by Each Reporting 8) Shared Voting Power . . . . . . 1,595,370
Person With ---------------------------------------------------------
9) Sole Dispositive Powers . . . . . . -0-
---------------------------------------------------------
10) Shared Dispositive Power . . . . 1,595,370
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by
Each Reporting Person . . . . . . . . . 1,595,370
- --------------------------------------------------------------------------------
12) Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares . . . . . . . . . Not Applicable
- --------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) . . . 12.12%
- --------------------------------------------------------------------------------
14) Type of Reporting Person . . . . . . . . 00
Page 4 of 10
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Item 1. Security and Issuer:
Common Stock, par value $.01 per share, of Dyersburg Corporation
1315 East Phillips Street, P.O. Box 767,
Dyersburg, TN 38024
Item 2. Identity and Background
General. Item 2 is hereby supplemented to reflect the Van Beuren Management
Trust, which acquired 1,595,370 shares of Dyersburg Corporation Common
Stock by distribution from VBM Investment Trust I ("VBM"). Messrs.
Borowsky and Roy were the sole trustees of VBM and are the sole
trustees of Van Beuren Management Trust.
<TABLE>
<S> <C> <C>
Present Occupation and Name,
Principal Business Address
of Name of Filing
Organization in which Person
Business Address such
Employment is
(Items 2(a)) (Item 2(b)) Conducted (Item 2(c))
- ------------ ---------------- ---------------------
1. Kurt T. Borowsky 330 South Street, Chairman of Van Beuren
P.O. Box 1975 Management, Inc. (finan-
Morristown, NJ cial management) Vice
07962 Chairman, Harding Service
LLC (management consulting)
330 South St., P.O. Box 1975
Morristown, NJ 07962
2. David J. Roy 330 South Street, President; The Cambridge
P.O. Box 1975 Group (consulting) 1334
Morristown, NJ Park View Avenue,
07962 Manhattan Beach, CA
90266; Vice Chairman of
Van Beuren Management,
Inc.(financial manage-
ment); 330 South St., P.O. Box 1975
Morristown, NJ 07962
3. Van Beuren 330 South Street Private irrevocable trust
Management Trust P.O. Box 1975
Morristown, NJ
</TABLE> 07962
Page 5 of 10
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Item 2(d) & (e)
During the last five years, neither Mr. Borowsky nor Mr. Roy nor Van
Beuren Management Trust has been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or
(ii) 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 or final order enjoining
future violations of, or prohibiting or mandating activities to
Federal or State securities laws or finding any violation with
respect to any such laws.
Item 2(f). Citizenship of Each Person Filing:
United States
Item 3. Source and Amount of Funds or Other Considerations
Not Applicable
Item 4. This amendment is necessitated solely by the fact that on September
9, 1996, all of the assets of VBM Investment Trust I were
distributed to Van Beuren Management Trust. Kurt T. Borowsky and
David J. Roy, who were the sole trustees of VBM Investment Trust I
are also the sole trustees of Van Beuren Management Trust and,
therefore, retain beneficial ownership of the shares of Dyersburg
Common Stock owned by the Trust.
Item 5. Interest in Securities of the Issuer.
By virtue of their status as co-trustees of the Van Beuren
Management Trust, Messrs. Borowsky and Roy share voting and
investment power (together with the Trust itself) and may be deemed
to be the beneficial owners of the 1,595,370 shares of Dyersburg
Corporation Common Stock (the "Common Stock") held by the Trust,
representing 12.12% of the outstanding Common Stock. Each of Messrs.
Borowsky and Roy disclaim beneficial ownership of all of the shares
of Common Stock held by the Trust. Mr. Borowsky also holds directly
177,263 (1.11%) shares of the Common Stock and has voting and
dispositive power over his directly held shares. Mr. Roy does not
directly hold any shares of the Common Stock.
Page 6 of 10
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Item 6. Contracts, Arrangements, Understanding, Relationships with Respect
to Securities of the Issuer.
Not Applicable.
Item 7. Material to be filed as Exhibits.
1. Joint Filing Agreement.
2. Power of Attorney appointing Kenneth M. Socha as attorney
in fact.
Page 7 of 10
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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.
September 24, 1996 /s/ Kurt T. Borowsky *
--------------------
by: Kurt T. Borowsky
/s/ David J. Roy *
----------------
by: David J. Roy
VAN BEUREN MANAGEMENT TRUST
/s/ Kurt T. Borowsky *
--------------------
by: Kurt T. Borowsky, Trustee
* /s/ Kenneth M. Socha
------------------------
By: Kenneth M. Socha, Attorney-in-Fact
Page 8 of 10
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EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the foregoing Schedule 13D may be filed
on behalf of each of them.
September 24, 1996 /s/ Kurt T. Borowsky*
--------------------
by: Kurt T. Borowsky
/s/ David J. Roy*
----------------
by: David J. Roy
VAN BEUREN MANAGEMENT TRUST
/s/ Kurt T. Borowsky*
--------------------
by: Kurt T. Borowsky, Trustee
*/s/ Kenneth M. Socha
- ---------------------
by: Kenneth M. Socha, Attorney-in-Fact
Page 9 of 10
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Exhibit 2
POWER OF ATTORNEY
Each of the undersigned hereby appoints Kenneth M. Socha as his true and
lawful agent (with full power of substitution) to act in his name, place or
stead to execute and file with the Securities and Exchange Commission a Schedule
13D under the Securities Exchange Act of 1934 (including any and all amendments
thereto) reporting his interest in shares of common stock of Dyersburg
Corporation together with the other information required thereby and a Joint
Filing Agreement in connection therewith.
THIS POWER OF ATTORNEY SHALL NOT BE AFFECTED BY SUBSEQUENT DISABILITY OR
INCOMPETENCE.
In witness whereof, the undersigned have hereunto set their hand and seal
this 24th day of September 1996.
/s/ Kurt T. Borowsky VAN BEUREN MANAGEMENT TRUST
- --------------------
/s/ Kurt T. Borowsky
--------------------
by: Kurt T. Borowsky, Trustee
/s/ David J. Roy
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Page 10 of 10
