UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ACT Teleconferencing, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
000955 10 4
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(CUSIP Number)
December 31, 1999
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(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 that is the subject of this Schedule 13D, and is
filing this schedule because os ss.ss.240.13d-1(e), 240.13f-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 ss.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 in the remainder of this cover page (except any
items to which the form provides a cross-reference) 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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CUSIP NO. 000955 10 4
1. Name of Reporting Person: Nikos Moschos
SS or IRS Identification No. of Above Person: Not applicable
2. Check the Appropriate Box if a Member of a Group: (a) X
(b)
2. SEC Use Only
3. Source of Funds: PF
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization Greece
Number of Shares Beneficially Owned by each Reporting Person with
7. Sole Voting Power 158,796
8 Shared Voting Power 307,440
9. Sole Dispositive Power 158,796
10. Shared Dispositive Power 307,440
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 466,236
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares: N/A
13. Percent of Class Represented by Amount in Row (9): 10.1%
14. Type of Reporting Person: IN
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CUSIP NO. 000955 10 4
1. Name of Reporting Person: Katerina Scordou
SS or IRS Identification No. of Above Person: Not applicable
2. Check the Appropriate Box if a Member of a Group: (a) X
(b)
3. SEC Use Only
4. Source of Funds: PF
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization: Greece
Number of Shares Beneficially Owned by each Reporting Person with
7. Sole Voting Power -0-
8. Shared Voting Power 307,440
9. Sole Dispositive Power -0-
10. Shared Dispositive Power 307,440
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 307,440
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares: N/A
13. Percent of Class Represented by Amount in Row (9): 6.7%
14. Type of Reporting Person: IN
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<PAGE>
CUSIP NO. 000955 10 4
1. Name of Reporting Person: Euroamerican Securities SA
SS or IRS Identification No. of Above Person: Not applicable
2. Check the Appropriate Box if a Member of a Group: (a) X
(b)
3. SEC Use Only
4. Source of Funds: PF
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization: Greece
Number of Shares Beneficially Owned by each Reporting Person with
7. Sole Voting Power 158,796
8. Shared Voting Power -0-
9. Sole Dispositive Power 158,796
10. Shared Dispositive Power -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 158,796
12. Check if the Aggregate Amount in Row (9) Excludes Certain Shares: N/A
13. Percent of Class Represented by Amount in Row (9): 3.5%
14. Type of Reporting Person: OO
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<PAGE>
CUSIP NO. 000955 10 4
Item 1. Security and Issuer.
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The title of the class of equity securities of ACT
Teleconferencing, Inc. (the "Company") to which this statement relates is
the Company's Common Stock. The address of the principal executive office
of the Company is 1658 Cole Boulevard, Suite 130, Golden, Colorado 80401.
Item 2. Identity and Background.
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This statement is being filed by a group, as defined in Rule 13d-5
of the General Rules and Regulations under the Securities Exchange Act of
1934, as amended. The members of the group are Nikos Moschos, his wife,
Katerina Scordou and Euroamerican Securities SA, of which Mr. Moschos is
the president, all of which are located at Pangalou # 7, Melissa, Athens,
Greece 15127. Each of the Reporting Persons is engaged in acquiring,
holding and disposing of interests in various companies for investment purposes.
None of the Reporting Persons has, during the last five years,
been (i) convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction or subject to any
judgment, decree or final order finding any violation of federal or state
securities laws or enjoining future violations of, or prohibiting or
mandating activities subject to, such laws.
Item 3. Source and Amount of Funds or Other Consideration.
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Nikos Moskos and Katrina Scordou purchased the shares of Common
Stock for an average purchase price of $10.00 per share, for a total purchase
price of approximately $3,074,400. Euroamerican Securities SA purchased the
shares of Common Stock at $8.007 per share, for a total purchase price of
$1,271,480. The source of the funds used to purchase the Common Stock was
personal funds, in the case of the individual Reporting Persons, and
corporate funds for Euroamerican Securities SA.
Item 4. Purpose of Transaction.
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Each of the Reporting Persons acquired the shares of the
Company's Common Stock for investment purposes. From time to time, the
Reporting Persons may acquire additional shares of Common Stock or dispose
of some or all of the shares of Common Stock owned by them. At this time,
none of the Reporting Persons have any plans which relate to or would
result in any of the items listed in paragraphs (a) through (j) of Item 4.
Item 5. Interest in Securities of the Issuer.
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As of December 31, 1999, Nikos Moschos, Katerina Scordou and
Euroamerican Securities SA beneficially owned 202,775, 104,665 and 158,796
shares of Common Stock, respectively, which represented 4.4%, 2.3% and
3.5%, respectively, of the Company's issued and outstanding shares of
Common Stock.
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<PAGE>
By virtue of the fact that Nikos Moschos is the president and
sole shareholder of Euroamerican Securities SA, he is authorized and
empowered to vote and dispose of the securities held by Euroamerican
Securities SA, he has sole power to vote and direct the disposition of the
158,796 shares owned by Euroamerican Securities SA, representing 3.5% of
the Company's issued and outstanding Common Stock. As Mr. Moschos and Ms.
Scordou are husband and wife, each may be deemed to share voting power and
the power to direct the disposition of the shares owned by the other, an
aggregate of 307,440 shares of Common Stock, representing 6.7% of the
issued and outstanding Common Stock.
During the 60 days prior to December 31, 1999, neither of the
individual Reporting Persons effected any transactions in the Company's
Common Stock. Euroamerican Securities SA acquired 158,796 shares of the
Company's Common Stock on December 30, 1999 at $8.007 per share.
No person other than the persons listed is known to have the
right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, any securities owned by any member of the group.
Item 6. Contracts, Arrangements, Understandings or Relationships with
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Respect to the Issuer.
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As noted above, Nikos Moschos is authorized and empowered to vote
and dispose of the Common Stock held by Euroamerican Securities SA. Mr.
Moschos is also the spouse of Katrina Scordou. Accordingly, Mr. Moschos
and Ms. Scordou may, from time to time, consult each other and coordinate
the voting and disposition of the Company's shares of Common Stock as well
as such other action taken on their behalf with respect to the Company's
shares of Common Stock as they deem to be in their best interest.
Item 7. Material to be Filed as Exhibits.
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Exhibit 1: Agreement relating to the filing of joint
acquisition statements as required by Rule 13d-1(k).
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<PAGE>
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: March 6, 2000 /s/ NIKOS MOSCHOS
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Nikos Moschos
Dated: March 6, 2000 /s/ KATERINA SCORDOU
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Katerina Scordou
EUROAMERICAN SECURITIES SA
Dated: March 6, 2000 by /s/ NIKOS MOSCHOS
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Nikos Moschos, President
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<PAGE>
EXHIBIT 1
to
SCHEDULE 13D
JOINT FILING STATEMENT
PURSUANT TO RULE 13D-1(K)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned without the necessity of filing
additional joint statements. The undersigned acknowledge that each shall
be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
herein, but shall not be responsible for the completeness and accuracy of
the information concerning the other entities or persons, except to the
extent that he or it knows or has reason to believe that such information
is accurate.
Dated: March 6, 2000 /s/ NIKOS MOSCHOS
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Nikos Moschos
Dated: March 6, 2000 /s/ KATERINA SCORDOU
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Katerina Scordou
EUROAMERICAN SECURITIES SA
Dated: March 6, 2000 by /s/ NIKOS MOSCHOS
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Nikos Moschos, President
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