<PAGE>
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
SERVICO, INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
817648108
(CUSIP Number)
David A. Persing
885 Third Avenue
New York, NY 10022
(212) 888-5500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices & Communications)
March 20, 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. [ ]<PAGE>
<PAGE> 2
SCHEDULE 13D
CUSIP No. 817648108
1. NAME OF REPORTING PERSON Pengo Securities Corp.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Not furnished
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS WC
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 269,300
NUMBER OF |
SHARES |
BENEFICIALLY | 8. SHARED VOTING POWER --
OWNED BY |
EACH |
REPORTING | 9. SOLE DISPOSITIVE POWER 269,300
PERSON |
WITH |
__________________| 10. SHARED DISPOSITIVE POWER --
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 269,300
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3%
14. TYPE OF REPORTING PERSON CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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SCHEDULE 13D
CUSIP No. 817648108
1. NAME OF REPORTING PERSON Energy Management Corporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Not furnished
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION Colorado
__________________
| 7. SOLE VOTING POWER 0
NUMBER OF |
SHARES |
BENEFICIALLY | 8. SHARED VOTING POWER --
OWNED BY |
EACH |
REPORTING | 9. SOLE DISPOSITIVE POWER 0
PERSON |
WITH |
__________________| 10. SHARED DISPOSITIVE POWER --
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
14. TYPE OF REPORTING PERSON CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
<PAGE> 4
SCHEDULE 13D
CUSIP No. 817648108
1. NAME OF REPORTING PERSON Smith Management Company
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Not furnished
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS NA
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 0
NUMBER OF |
SHARES |
BENEFICIALLY | 8. SHARED VOTING POWER --
OWNED BY |
EACH |
REPORTING | 9. SOLE DISPOSITIVE POWER 0
PERSON |
WITH |
__________________| 10. SHARED DISPOSITIVE POWER --
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
14. TYPE OF REPORTING PERSON CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
<PAGE> 5
SCHEDULE 13D
CUSIP No. 817648108
1. NAME OF REPORTING PERSON RDS Group Holdings, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Not furnished
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS NA
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 Jersey
__________________
| 7. SOLE VOTING POWER 0
NUMBER OF |
SHARES |
BENEFICIALLY | 8. SHARED VOTING POWER --
OWNED BY |
EACH |
REPORTING | 9. SOLE DISPOSITIVE POWER 0
PERSON |
WITH |
__________________| 10. SHARED DISPOSITIVE POWER --
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
14. TYPE OF REPORTING PERSON CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
<PAGE> 6
SCHEDULE 13D
CUSIP No. 817648108
1. NAME OF REPORTING PERSON Woodstead Associates, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Not furnished
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS NA
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION Texas
__________________
| 7. SOLE VOTING POWER 0
NUMBER OF |
SHARES |
BENEFICIALLY | 8. SHARED VOTING POWER --
OWNED BY |
EACH |
REPORTING | 9. SOLE DISPOSITIVE POWER 0
PERSON |
WITH |
__________________| 10. SHARED DISPOSITIVE POWER --
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
14. TYPE OF REPORTING PERSON PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
<PAGE> 7
SCHEDULE 13D
CUSIP No. 817648108
1. NAME OF REPORTING PERSON Randall D. Smith
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Not furnished
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS NA
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
__________________
| 7. SOLE VOTING POWER 0
NUMBER OF |
SHARES |
BENEFICIALLY | 8. SHARED VOTING POWER --
OWNED BY |
EACH |
REPORTING | 9. SOLE DISPOSITIVE POWER 0
PERSON |
WITH |
__________________| 10. SHARED DISPOSITIVE POWER --
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
14. TYPE OF REPORTING PERSON IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
<PAGE> 8
AMENDMENT NO. 7 TO SCHEDULE 13D
_______________________________
This is Amendment No. 9 ("Amendment No. 9") to Schedule 13D to the
original Statement on Schedule 13D filed by Energy Management Corporation, a
Colorado corporation ("EMC"), dated December 16, 1993 (the date of the event
which required a filing being December 6, 1993), as amended by Amendment No. 1,
dated April 14, 1994 (the date of the event which required a filing being April
13, 1994), Amendment No. 2 dated March 30, 1995 (the date of the event which
required a filing being March 22, 1995), Amendment No. 3 dated October 16, 1995
(the date of the event which required a filing being September 28, 1995),
Amendment No. 4 dated April 29, 1996 (the date of the event which required a
filing being April 24, 1996) Amendment No. 5 dated July 21, 1997 (the date of
the event which required a filing being July 10, 1997), Amendment No. 6 dated
August 6, 1997 (the date of the event which required a filing being July 25,
1997) and Amendment No. 7 dated October 22, 1997 (the date of the event which
required a filing being October 3, 1997). The reporting persons are filing
this Statement jointly, pursuant to the provisions of Rule 13d-1(f)(1) under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as
separate persons and not as members of a group.
Item 5. Interest in Securities of the Issuer
Item 5 is amended and restated as follows:
(a) The aggregate number of shares of common stock beneficially owned by
Pengo is 269,300 representing approximately 1.3% of the outstanding
Common Stock.
(b) Pengo has the power to vote and the power to dispose of the 269,300
Shares owned by it.
(c) There have been no transactions by any Reporting Person in the
Issuer's securities within the last sixty (60) days and except for the following
sales by EMC and Pengo Securities Corp. ("PS"):
Date Number of Shares Price per Share Seller
_____ ________________ _______________ ______
3/16 40,600 18.04 EMC
3/17 59,400 17.58 EMC
3/18 100,000 17.48 EMC
3/20 250,000 17.69 EMC
3/23 200,000 18.75 EMC
3/24 17,500 19.25 EMC
3/24 182,500 19.25 PS
(d) N/A
(e) On March 17, 1998 the Reporting Persons ceased to beneficially hold 5%
of the shares of common stock of the Issuer.<PAGE>
<PAGE> 9
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, correct and complete.
PENGO SECURITIES CORP.
Dated: March 22, 1998 By: BRUCE M. SCHNELWAR
________________________
Name: Bruce M. Schnelwar
Title: Senior Vice President
ENERGY MANAGEMENT CORPORATION
Dated: March 22, 1998 By: DAVID A. PERSING
________________________
Name: David A. Persing
Title: Senior Vice President
SMITH MANAGEMENT COMPANY
Dated: March 22, 1998 By: DAVID A. PERSING
________________________
Name: David A. Persing
Title: Senior Vice President
RDS GROUP HOLDINGS, INC.
Dated: March 22, 1998 By: DAVID A. PERSING
________________________
Name: David A. Persing
Title: Senior Vice President
Dated: March 22, 1998 WOODSTEAD ASSOCIATES, L.P.
Successor to Woodstead Associates II, L.P.
By: BRUCE M. SCHNELWAR
________________________
Name: Bruce M. Schnelwar
Title: Senior Vice President
of General Partner
Dated: March 22, 1998 RANDALL D. SMITH
___________________________
Randall D. Smith
