UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Tops Appliance City, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
890910 10 2
(CUSIP Number)
c/o Greenbaum, Rowe, Smith, Ravin, Davis & Himmel LLP
W. Raymond Felton, Esq.
99 Wood Avenue South
P.O. Box 5600
Woodbridge, New Jersey 07095
(Name, Address and Telephone Number of Person
Authorized to Receive Notice and Communications)
July 23, 1998
(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.
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 (the "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).
<PAGE>
SCHEDULE 13D
CUSIP NO. 890910 10 2
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leslie S. Turchin Social Security No. ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ___
(b) ___
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) ___
Not Applicable
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. SOLE VOTING POWER
NUMBER OF
SHARES 2,017,859
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH 8. SHARED VOTING POWER
200,000
9. SOLE DISPOSITIVE POWER
2,017,859
10. SHARED DISPOSITIVE POWER
200,000
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,217,859
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ___
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.2%
14. TYPE OF REPORTING PERSON*
IN
<PAGE>
Item 1. Security and Issuer
(a) The title of the class of equity securities to which this statement
relates is common stock (the "Common Stock",) no par value, of Tops Appliance
City, Inc. (the "Company"), which has its principal executive offices at 45
Brunswick Avenue, Edison, New Jersey 08818.
Item 2. Identity and Background
(a) This Schedule 13D is being filed by Leslie S. Turchin (the "Reporting
Person").
(b) The business address of the Reporting Person is 45 Brunswick Avenue,
Edison, New Jersey 08818
(c) The Reporting Person is a director of the Company.
(d) During the last five (5) years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors).
(e) During the last five (5) years, the Reporting Person was not a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which the Reporting Person was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) The Reporting Person is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
Not Applicable
Item 4. Purpose of Transaction
The Reporting Person intends to continue to continue to hold
securities of the Company, but also may, from time to time, acquire and/or
dispose of additional securities of the Company.
The Reporting Person has no plans or proposals which relate to or
would result in:
(a) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
(b) A sale or transfer of a material amount of assets of the Company or any
of its subsidiaries;
(c) Any material change in the present capitalization or dividend policy of
the Company;
(d) Any other material change in the Company's business or corporate
structure, including but not limited to, if the issuer is a registered
closed-end investment company, any plans or proposals to make any changes in its
investment policy for which a vote is required by Section 13 of the Investment
Company Act of 1940;
(e) Changes in the Company's charter, by-laws or instruments corresponding
thereto or other actions which may impede the acquisition or control of the
Company by any person;
(f) Causing a class of securities of the Company to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association.
(g) A class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(h) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
The Reporting Person is the beneficial owner of 2,217,859 shares of Common
Stock which represents approximately 23.2% of the Company's outstanding Common
Stock. The Reporting Person has the sole power to vote and to dispose of
2,017,859 of such shares of Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits
There are no exhibits filed with this Schedule.
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.
August 15, 1998 /s/ Leslie S. Turchin
- --------------- ---------------------
Signature
Leslie S. Turchin
---------------------
Name/Title
