UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
CORPORATE RENAISSANCE GROUP, INC.
(Name of issuer)
Common Stock, $.01 Par Value
(Title of class of securities)
220033 10 4
(CUSIP number)
Dale S. Bergman, Esq.
Broad and Cassel
201 South Biscayne Boulevard, Suite 3000
Miami, FL 33131
305-373-9400
(Name, address and telephone number of person
authorized to receive notices and communications)
November 29, 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 . (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.)
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CUSIP No. 220033 10 4
SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Hugh R. Lamle, Social Security Number ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING PERSON WITH
7 SOLE VOTING POWER
48,600
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
48,600
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,600
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.08%
14 TYPE OF REPORTING PERSON*
IN
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CORPORATE RENAISSANCE GROUP, INC.
SCHEDULE 13D
Item 1. Security and Issuer.
This Statement relates to the shares of common stock (the "Common Stock"),
par value $.01 per share, of Corporate Renaissance Group, Inc., a Delaware
corporation (the "Company").
The principal executive offices of the Company are located at 1185 Avenue
of the Americas, 18th Floor, New York, New York 10036.
Item 2. Identity and Background.
(a) This statement is filed by Hugh R. Lamle (the "Reporting Person").
(b) The address of the Reporting Person is c/o M.D. Sass Investors
Services, Inc., 1185 Avenue of the Americas, 18th Floor, New York, New York
10036.
(c) The Reporting Person is a principal of the M.D. Sass organization
("M.D. Sass"), an investment advisory group consisting of a number of registered
investment advisers and other entities. The Reporting Person is also Executive
Vice President and a director of the Company. One of the M.D. Sass investment
advisers is the Company's investment adviser.
(d) The Reporting Person has not, during the past five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) The Reporting Person was not, during the past five years, 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 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.
During the period from March 16, 1995 through November 29, 1996, the
Reporting Person acquired an aggregate of 48,600 shares of Common Stock of the
Company in open market purchases using personal funds as follows:
Date of Purchase Number of Shares Purchase Price Per Share
3/16/95 3,000 10.375
7/18/95 10,000 8.750
8/14/95 3,000 8.875
12/22/95 5,000 9.188
3/18/96 10,000 9.000
6/19/96 2,000 8.160
9/11/96 8,000 7.796
9/11/96 2,000 7.796
9/13/96 1,600 7.750
11/27/96 1,000 8.125
11/29/96 3,000 8.125
Item 4. Purpose of the Transaction.
The Reporting Person acquired his interest in the Common Stock of the
Company for investment purposes. The Reporting Person may, subject to market
conditions, acquire additional shares of Common Stock on the open market. Other
than the foregoing, the Reporting Person has no present plans or proposals which
relate to or would result in:
(a) the acquisition or disposition by the Reporting Person of additional
securities of the Company;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation involving the Company or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Company or
any of its subsidiaries;
(d) any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or terms of
directors;
(e) any material change in the present capitalization or dividend policy
of the Company;
(f) any material change in the Company's present business or corporate
structure;
(g) changes in the Company's present charter, bylaws or similar
instruments;
(h) causing a class of securities of the Company to be delisted from a
national securities exchange or inter-dealer quotation system;
(i) a class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended; or
(j) any action similar to those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 48,600 shares or 5.08% of the
outstanding Common Stock of the Company, based on a total of 956,100 shares of
Common Stock outstanding on September 30, 1996.
(b) The Reporting Person has the sole power to vote and dispose of 48,600
shares of Common Stock.
(c) See response to Item 3 above.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
(a) None.
Item 7. Material to be Filed as Exhibits.
(a) None.
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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.
December 6, 1996
____________________________________
Date
/s/ Hugh R. Lamle
____________________________________
Signature
HUGH R. LAMLE
____________________________________
Name
