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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934*
Renex Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
759683105
(CUSIP Number)
Andrew J. Kunar
Forstmann Asset Management Corp.
399 Park Avenue - 37th Floor
New York, New York 10020
(212) 418 - 1235
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 15, 1999
(Date of Event which Requires Filing 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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Section 240.13d-7(b) 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 ("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).
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SCHEDULE 13D
CUSIP No.: 759683105
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Forstmann Asset Management Corp.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
a[ ]
Not applicable b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2 (d) OR 2 (e) [ ]
6. CITIZENSHIP OR PLACE OR ORGANIZATION
New York
7. SOLE VOTING POWER
NUMBER OF None
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY EACH
REPORTING 366,189
PERSON
WITH 9. SOLE DISPOSITIVE POWER
None
10. SHARED DISPOSITIVE POWER
366,189
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,189
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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SCHEDULE 13D
CUSIP No.: 759683105
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William Anthony Forstmann
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
a[ ]
Not applicable b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF, OO
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2 (d) OR 2 (e) [ ]
6. CITIZENSHIP OR PLACE OR ORGANIZATION
United States
7. SOLE VOTING POWER
NUMBER OF None
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY EACH
REPORTING 11,600
PERSON
WITH 9. SOLE DISPOSITIVE POWER
None
10. SHARED DISPOSITIVE POWER
11,600
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,600
12. CHECK IF THE AGGREGATE AMOUNT IN ROW [ ] EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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ITEM 1 SECURITY AND ISSUER
Common Stock
Renex Corp.
201 Alhambra Plaza
Suite 800
Coral Gables, Florida 33134
ITEM 2 IDENTITY AND BACKGROUND
Forstmann Asset Management Corp:
(a) Forstmann Asset Management Corp.
(b) 399 Park Avenue - 37th Floor, New York, New York 10020
(c) N/A
(d) Criminal Convictions: None
(e) Civil Orders: None
William Anthony Forstmann
(a) William Anthony Forstmann
(b) 870 Fifth Avenue - Apt #11H, New York, New York 10021
(c) N/A
(d) Criminal Convictions: None
(e) Criminal Orders: None
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of the funds used in acquiring the securities are from two
pooled entities managed by Forstmann Asset Management Corp. and from
Mr. Forstmann's personal funds. The securities were acquired at an
average and aggregate cost of $4.875 and $1,842,212, respectively.
ITEM 4 PURPOSE OF TRANSACTION
Forstmann Asset Management Corp. serves as the investment adviser to
two pooled entities. The business of Renex Corp. falls under the
investment strategy
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of the pooled entities, and accordingly, the securities were acquired
for investment purposes.
ITEM 5 INTEREST OF ISSUER
(a) Beneficial Interests
Forstmann Asset Management Corp.: 366,189 shares;
5.3%
William Anthony Forstmann: 11,600 shares;
0.2%
(b) Voting and Dispositive Power
Forstmann Asset Management Corp.: Sole Voting: 0;
Shared Voting: 366,189;
Sole Disposition: 0;
Shared Disposition: 366,189
William Anthony Forstmann: Sole Voting: 0;
Shared Voting: 11,600;
Sole Disposition: 0;
Shared Voting: 11,600
(c) Transactions within Sixty Days
Forstmann Asset Management Corp:
DATE # OF PRICE/
ACQUIRED SHARES SHARE
-------- ------ -----
08/30/99 5,000 5.560 OTC
09/07/99 7,000 5.310 OTC
09/16/99 1,000 5.185 OTC
09/22/99 5,000 5.060 OTC
09/24/99 2,000 5.248 OTC
09/30/99 9,000 5.195 OTC
10/07/99 2,300 4.310 OTC
10/11/99 1,500 4.560 OTC
10/15/99 2,500 4.750 OTC
10/18/99 2,500 4.750 OTC
10/21/99 400 4.625 OTC
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ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
William Anthony Forstmann is the sole shareholder of Forstmann Asset
Management Corp.
ITEM 7 MATERIAL TO BE FILED AS EXHIBITS
Joint Filing Agreement, dated October 22, 1999, between Forstmann Asset
Management Corp. and William Anthony Forstmann filed as Exhibit I and
is attached hereto.
SIGNATURES:
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: October 22, 1999 FORSTMANN ASSET MANAGEMENT CORP.
By: /s/ WILLIAM ANTHONY FORSTMANN
---------------------------------------
William Anthony Forstmann, President
Dated: October 22, 1999 /s/ WILLIAM ANTHONY FORSTMANN
----------------------------------------
William Anthony Forstmann, Individually
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EXHIBIT I
JOINT FILING AGREEMENT
In accordance with Regulation 240.13d-1(k) promulgated under the
Securities Exchange Act of 1934, as amended, the persons named below agree to
the joint filing on behalf of each of them of a Statement on Schedule 13D
(including amendments thereto) with respect to the Common Stock of Renex Corp.,
and further agree that this Joint Filing Agreement expressly authorizes William
Anthony Forstmann to file on each such party's behalf any and all amendments to
such Statement. Each such party undertakes to notify William Anthony Forstmann
of any changes giving rise to an obligation to file an amendment to Schedule 13D
and it is understood that in connection with this Statement and all amendments
thereto, each such party shall be responsible only for information supplied by
such party.
In evidence thereof, the undersigned, being duly authorized, hereby
execute this Agreement this 22nd day of October 1999.
FORSTMANN ASSET MANAGEMENT CORP.
By: /s/ William Anthony Forstmann
---------------------------------------
William Anthony Forstmann, President
By: /s/ William Anthony Forstmann
------------------------------------------
William Anthony Forstmann, Individually
