UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
PREMIER FARNELL PLC
(Name of Issuer)
American Depositary Receipts,
Evidencing American Depositary Shares,
Each Representing Two Ordinary Shares of 5 Pence Each
(Title of Class of Securities)
740-50U-206
(CUSIP Number)
John A. Marzulli, Jr.
Shearman & Sterling
599 Lexington Avenue
New York, NY 10022
Telephone: (212) 848-4000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
January 27, 1998
(Date of Event which Requires Filing of this Statement)
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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 1 of 8 Pages)
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CUSIP No. 740-50U-206 SCHEDULE 13D
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jack N. Mandel
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
|_| (a)
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X (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions) OO
-----------------------------------
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e).
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(6) Citizenship or Place of Organization United States
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Number of (7) Sole Voting Power 70,199
Shares ----------------------------------
Beneficially -----------------------------------------------------
Owned by (8) Shared Voting Power 52,806,455
Each ---------------------------------
Reporting -----------------------------------------------------
Person (9) Sole Dispositive Power 69,266
With ------------------------------
- ---- -----------------------------------------------------
(10) Shared Dispositive Power 52,806,455
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 52,876,655
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
X
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(13) Percent of Class Represented by Amount in Row (11)
18.0%
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(14) Type of Reporting Person (See Instructions) IN
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(Page 2 of 8 Pages)
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CUSIP No. 740-50U-206 SCHEDULE 13D
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Joseph C. Mandel
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
|_| (a)
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X (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions) OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e).
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(6) Citizenship or Place of Organization United States
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Number of (7) Sole Voting Power 130,909
Shares ----------------------------------
Beneficially -----------------------------------------------------
Owned by (8) Shared Voting Power 48,242,401
Each ---------------------------------
Reporting -----------------------------------------------------
Person (9) Sole Dispositive Power 129,976
With ------------------------------
- ---- -----------------------------------------------------
(10) Shared Dispositive Power 50,692,658
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 50,823,568
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
X
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(13) Percent of Class Represented by Amount in Row (11)
17.5%
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(14) Type of Reporting Person (See Instructions) IN
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(Page 3 of 8 Pages)
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CUSIP No. 740-50U-206 SCHEDULE 13D
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Morton L. Mandel
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
|_| (a)
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X (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions) OO
-----------------------------------
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e).
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(6) Citizenship or Place of Organization United States
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Number of (7) Sole Voting Power 61,279
Shares ----------------------------------
Beneficially -----------------------------------------------------
Owned by (8) Shared Voting Power 46,196,607
Each ---------------------------------
Reporting -----------------------------------------------------
Person (9) Sole Dispositive Power 60,346
With ------------------------------
- ---- -----------------------------------------------------
(10) Shared Dispositive Power 49,564,520
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 49,625,799
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
X
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(13) Percent of Class Represented by Amount in Row (11)
17.1%
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(14) Type of Reporting Person (See Instructions) IN
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(Page 4 of 8 Pages)
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CUSIP No. 740-50U-206 SCHEDULE 13D
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jack N. Mandel Revocable Trust
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
|_| (a)
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X (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions) OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e).
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(6) Citizenship or Place of Organization Ohio
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Number of (7) Sole Voting Power 0
Shares ----------------------------------
Beneficially -----------------------------------------------------
Owned by (8) Shared Voting Power 14,753,159
Each ---------------------------------
Reporting -----------------------------------------------------
Person (9) Sole Dispositive Power 0
With ------------------------------
- ---- -----------------------------------------------------
(10) Shared Dispositive Power 14,753,159
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 14,753,159
----------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
5.3%
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(14) Type of Reporting Person (See Instructions) OO
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(Page 5 of 8 Pages)
<PAGE>
CUSIP No. 740-50U-206 SCHEDULE 13D
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Morton L. Mandel Revocable Trust
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
|_| (a)
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X (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions) OO
-----------------------------------
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e).
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(6) Citizenship or Place of Organization Ohio
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Number of (7) Sole Voting Power 0
Shares ----------------------------------
Beneficially -----------------------------------------------------
Owned by (8) Shared Voting Power 16,205,266
Each ---------------------------------
Reporting -----------------------------------------------------
Person (9) Sole Dispositive Power 0
With ------------------------------
- ---- -----------------------------------------------------
(10) Shared Dispositive Power 16,205,266
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 16,205,266
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
5.8%
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(14) Type of Reporting Person (See Instructions) OO
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(Page 6 of 8 Pages)
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CUSIP No. 740-50U-206 SCHEDULE 13D
This Amendment No. 1 amends the Statement on Schedule 13D (the
"Schedule 13D") filed with the Securities and Exchange Commission on January 9,
1998 by Jack N. Mandel, Joseph C. Mandel, Morton L. Mandel, the Jack N. Mandel
Revocable Trust and the Morton L. Mandel Revocable Trust. This Amendment No. 1
to Schedule 13D relates to the American Depositary Receipts (the "Ordinary Share
ADRs") evidencing American Depositary Shares, each representing two Ordinary
Shares of 5 pence each (the "Shares") of Premier Farnell plc, a U.K. corporation
(the "Company"). The Company's principal executive offices are located at
Farnell House, Sandbeck Way, Wetherby, West Yorkshire, LS 22 7DH, U.K. The
following amendments to Item 4 of the Schedule 13D are hereby made. Unless
otherwise defined herein, all capitalized terms shall have the meanings ascribed
to them in the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby supplemented by the
addition of the following:
On January 27, 1998, the Board of Directors of the Company
announced that Mr. Howard Poulson, Group Chief Executive, would be leaving the
Company, and that the Board of Directors had accepted his resignation as a
director with effect from January 27, 1998. In a press release issued by the
Company on January 27, 1998, Mr. Malcolm Bates, Chairman of the Company, said
that at the request of the Board of Directors, Mr. Morton Mandel, Deputy
Chairman, would take responsibility for the executive supervision of day-to-day
operations pending the appointment of a new Chief Executive. Mr. Bates also said
that he is leading the committee of the Board of Directors formed to recommend a
candidate to the full Board of Directors.
(Page 7 of 8 Pages)
<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: January 28, 1998 /s/ Jack N. Mandel
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Name: Jack N. Mandel
/s/ Joseph C. Mandel
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Name: Joseph C. Mandel
/s/ Morton L. Mandel
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Name: Morton L. Mandel
JACK N. MANDEL REVOCABLE
TRUST
By: /s/ Joseph C. Mandel
------------------------------
Name: Joseph C. Mandel
Title: Trustee
By: /s/ Morton L. Mandel
------------------------------
Name: Morton L. Mandel
Title: Trustee
MORTON L. MANDEL REVOCABLE
TRUST
By: /s/ Jack N. Mandel
------------------------------
Name: Jack N. Mandel
Title: Trustee
By: /s/ Joseph C. Mandel
------------------------------
Name: Joseph C. Mandel
Title: Trustee
(Page 8 of 8 Pages)
