UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Video Services Corporation
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
460181100
(CUSIP Number)
Alvin H. Fenichel, Senior Vice President and Controller,
AXA Financial, Inc.
1290 Avenue of the Americas, New York, N.Y. 10104; (212) 314-4094
(Name, Address and Telephone Number of Persons Authorized
to Receive Notices and Communications)
March 6, 2000
(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. (_)
(A fee is not required only if the reporting 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.)
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 this 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.
<PAGE>
The information required on 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).
________________________________________________________________________________
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
AXA Financial, Inc. (previously, "The Equitable Companies Incorporated")
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-3623351
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES 2,263,081 - see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
2,263,081 -see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(not to be construed as an admission of beneficial ownership) See Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC, CO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-2-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
AXA Assurances I.A.R.D. Mutuelle
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IC
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-3-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
AXA Assurances Vie Mutuelle
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IC, CO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-4-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
AXA Conseil Vie Assurance Mutuelle, (previously "Alpha Assurances Vie
Mutuelle")
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IC
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-5-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
AXA Courtage Assurance Mutuelle
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [X]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IC
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-6-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
Finaxa
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC, CO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-7-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
AXA
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC, CO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-8-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
Claude Bebear, as AXA Voting Trustee
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-9-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
Patrice Garnier, as AXA Voting Trustee
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-10-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
Henri de Clermont-Tonnerre, as AXA Voting Trustee
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_]
(B) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of France
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES see Item 5
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING see Item 5
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
see Item 5
____________________________________________________________
10 SHARED DISPOSITIVE POWER
see Item 5
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-11-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
The Equitable Life Assurance Society of the United States
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-5570651
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (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
New York
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES 2,263,081
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
2,263,081
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081 - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IC, CO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-12-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
AXA Client Solutions, LLC
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
52-2197822
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (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
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES 2,263,081
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
2,263,081
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,263,081 - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.01% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC, OO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-13-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
Equitable Deal Flow Fund, L.P.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-3385076
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (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
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES 1,443,082
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
1,443,082
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,443,082 - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.84% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-14-
<PAGE>
CUSIP NO. 460181100 SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON
ECMC, LLC (previously, "Equitable Capital Management Corporation")
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-5570651
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (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
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES 1,443,082
BENEFICIALLY ____________________________________________________________
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 0
PERSON WITH ____________________________________________________________
9 SOLE DISPOSITIVE POWER
1,443,082
____________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,443,082 - see Item 5
(Not to be construed as an admission of beneficial ownership) - see Item 5
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.84% - see Item 5
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
HC, OO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
-15-
<PAGE>
Item 1. Security and Issuer.
(a) Class of Securities: Common Stock, par value $.01 per share.
(b) Issuer: Video Services Corporation ("Video"), as successor in interest
by merger to International Post Limited ("IPL"), headquartered at 240 Pegasus
Avenue, Northvale, New Jersey 07647.
This Amendment No. 2 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission on November 8, 1996 and
Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange
Commission on July 8, 1997 by The Equitable Companies Incorporated, AXA
Assurances I.A.R.D. Mutuelle, AXA Assurances Vie Mutuelle, Alpha Assurances Vie
Mutuelle, Alpha Assurances I.A.R.D. Mutuelle (which has since been merged into
Alpha Assurances Vie Mutuelle), AXA Courtage Assurance Mutuelle, Finaxa, AXA,
The Equitable Life Assurance Society of the United States, Equitable Deal Flow
Fund, L.P., Equitable Capital Management Corporation, and Claude Bebear, Patrice
Garnier, and Henri de Clermont-Tonnerre (as AXA Voting Trustees) with respect to
beneficial ownership of the Common Stock of Video. The Schedule 13D is amended
as follows:
Item 2. Identity and Background.
(a) Name. This Amendment No. 2 to Schedule 13D is being filed jointly on
behalf of the following persons (collectively, the "Reporting Persons"): (1) AXA
Conseil Vie Assurance Mutuelle, a mutual insurance company organized under the
laws of France, (2) AXA Assurances I.A.R.D. Mutuelle, a mutual insurance company
organized under the laws of France, (3) AXA Assurances Vie Mutuelle, a mutual
insurance company organized under the laws of France, and (4) AXA Courtage
Assurance Mutuelle, a mutual insurance company organized under the laws of
France ((1) through (4) collectively, the "Mutuelles AXA"); (5) Finaxa, a
societe anonyme organized under the laws of France; (6) AXA, a societe anonyme
organized under the laws of France; (7) Claude Bebear, Patrice Garnier and Henri
de Clermont-Tonnerre, trustees (the "AXA Voting Trustees") of a voting trust
(the "AXA Voting Trust") established pursuant to a Voting Trust Agreement by and
among AXA and the AXA Voting Trustees, dated as of May 12, 1992; (8) AXA
Financial, Inc. ("AFI"), a Delaware corporation; (9) The Equitable Life
Assurance Society of the United States ("ELAS"), a New York stock life insurance
company, (10) Equitable Deal Flow Fund, L.P. ("EDFF"), a Delaware limited
partnership, (11) AXA Client Solutions, LLC, a Delaware limited liability
company ("AXA Client"), and (12) ECMC, LLC, a Delaware limited liability
company.
(b) On September 20, 1999, AFI contributed all of the outstanding common
stock of ELAS to AXA Client. AFI is the sole member of AXA Client.
(c) State or Other Place of Organization and Principal Business.
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<PAGE>
The following addresses have changed:
AXA Financial, Inc.
AXA Client Solutions, LLC
The Equitable Life Assurance Society
of the United States
Equitable Deal Flow Fund, L.P. and
ECMC, LLC
1290 Avenue of the Americas
New York, New York 10104
AXA
AXA Voting Trustees
25, avenue Matignon
75008 Paris
France
Finaxa
23, avenue Matignon
75008 Paris
France
Item 3. Source and Amount of Funds or Other Consideration.
All of the 2,263,081 shares of common stock were obtained in exchange for
common stock of IPL pursuant to the Agreement and Plan of Merger, dated as of
June 27, 1997, among IPL, Video and all of Video's stockholders. The Shares of
IPL were obtained pursuant to a foreclosure by ELAS and EDFF on the security
interest granted to them by MTE Holdings, Inc. ("MTE") in the shares of common
stock of Video owned by MTE to secure certain senior notes of MTE in the
aggregate original principal amount of $15,000,000.
Item 4. Purpose of Transaction.
This Amendment is being filed to reflect the transfer of 108,348 shares of
Common Stock by ELAS and 190,676 shares of Common Stock by EDFF to Terrence A.
Elkes ("TE") and Kenneth F. Gorman ("KG"). Such transfer was conducted pursuant
to TE's and KG's exercise of options to purchase 149,512 shares of Common Stock
each (the "Options") under the Services and Option Agreements, dated February
15, 1994, each between MTE (as predecessor-in-interest to ELAS and EDFF) and
such optionholder and each filed as an Exhibit to the Schedule 13D.
None of the filing persons has any present plans or proposals which would
result in or relate to any of the transactions described in subparagraphs (a)
through (j) of Item 4 of the Schedule 13D. Each of the Filing Persons, however,
expects to evaluate on an ongoing
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<PAGE>
basis the Company's financial condition, business, operations and prospects, the
market price of the common stock, conditions in the securities markets
generally, general economic and industry conditions and other factors. The
filing persons may purchase additional shares of common stock or may sell shares
of Common Stock from time to time in public or private transactions (subject to
any applicable limitations imposed on the sale of any of their shares of Common
Stock by the Securities Act of 1933, as amended).
Item 5. Interest in Securities of the Issuer.
(a)-(b) EDFF is the holder of record and beneficially owns 1,443,082 shares
of Video's common stock, which stock represents 10.84% of the outstanding shares
of Video's common stock.
ELAS beneficially owns, in total, 2,263,081 shares of common stock of
Video, which stock represents 17.01% of the outstanding shares of common stock.
Of these shares, ELAS is the holder of record of 819,999 shares, and
beneficially owns indirectly 1,443,082 shares through its control of EDFF.
Because of AFI's ownership of ELAS through its sole membership of AXA
Client, AFI may be deemed, for the purposes of Rule 13d-3 under the Securities
Exchange Act of 1934, as amended (the "Act"), to beneficially own indirectly the
Video shares held by ELAS and EDFF.
Because of AXA's ownership interest in AFI, and the AXA Voting Trustees'
power to vote the AFI shares placed in the AXA Voting Trust, each of AXA and the
AXA Voting Trustees may be deemed, for purposes of Rule 13d-3 under the Act, to
beneficially own indirectly the Video shares that AFI may be deemed to
beneficially own indirectly. Because of the direct and indirect interest in AXA
of Finaxa and the Mutuelles AXA, each of Finaxa and the Mutuelles AXA may be
deemed, for purposes of Rule 13d-3 under the Act, to beneficially own indirectly
the Video shares that AXA may be deemed to beneficially own indirectly. Each of
the Mutuelles AXA, Finaxa, AXA and the AXA Voting Trustees expressly disclaims
any beneficial ownership of any shares of Video covered by this Schedule 13D.
The Reporting Persons, in the aggregate, may be deemed to beneficially own
2,263,081 shares, or approximately 17.01% of the Video common shares
outstanding. The percentage of shares outstanding reported as beneficially owned
by each person herein on the date hereof is based upon 13,308,307 shares
outstanding as of February 4, 2000, as reported by Video in its Form 10-Q filed
with the Securities and Exchange Commission on February 4, 2000.
(c) To the knowledge of the Reporting Persons, there have been no
transactions in Video's common stock by any the persons named in Item 2 during
the past sixty days, except for the transfer by EDFF of 95,338 shares of common
stock to each of TE and KG and the transfer by ELAS of 54,174 shares of common
stock to each of TE and KG, in each case pursuant to the exercise by TE and KG
of their Options.
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<PAGE>
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
The Registration Rights Agreement among IPL, MTE, and the other parties thereto,
to which ELAS and EDFF have become successors in interest to MTE in the form
annexed as Exhibit 4 to Amendment No. 1, dated July 8, 1997, to the Schedule
13D, grants to ELAS and EDFF certain demand and incidental registration rights.
Pursuant to such agreement, EDFF has been designated as the "Initiating Holder"
(as such term is defined therein).
The AXA Voting Trust described above is discussed in the Schedule 13D filed by
AXA with respect to AFI.
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<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.
Dated: March 29, 2000
AXA FINANCIAL, INC.
By: /s/ Alvin H. Fenichel
------------------------------------
Alvin H. Fenichel
Senior Vice President and Controller
<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.
Dated: March 29, 2000
AXA CLIENT SOLUTIONS, LLC
By: /s/ Alvin H. Fenichel
------------------------------------
Alvin H. Fenichel
Senior Vice President and Controller
<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.
Dated: March 29, 2000
THE EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES
By: /s/ Alvin H. Fenichel
------------------------------------
Alvin H. Fenichel
Senior Vice President and Controller
<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.
Dated: March 29, 2000
EQUITABLE DEAL FLOW FUND, L.P. by
EQUITABLE MANAGED ASSETS, L.P. as
General Partner, by THE EQUITABLE LIFE
ASSURANCE SOCIETY OF THE UNITED
STATES, as General Partner
By: /s/ Alvin H. Fenichel
------------------------------------
Alvin H. Fenichel
Senior Vice President and Controller
<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.
Dated: March 29, 2000
AXA CONSEIL VIE ASSURANCE MUTUELLE
AXA ASSURANCES I.A.R.D. MUTUELLE
AXA ASSURANCES VIE MUTUELLE
AXA COURTAGE ASSURANCE MUTUELLE
FINAXA
AXA
Claude Bebear, as AXA Voting Trustee
Patrice Garnier, as AXA Voting Trustee
Henri de Clermont-Tonnerre, as AXA Voting Trustee
By: /s/ Alvin H. Fenichel
--------------------------------------------
Attorney-in-Fact
<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.
Dated: March 29, 2000
ECMC, LLC
By: /s/ Alvin H. Fenichel
-----------------------------------
Alvin H. Fenichel
Authorized Signatory
