UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
MIAMI COMPUTER SUPPLY CORPORATION
(NAME OF ISSUER)
COMMON STOCK
(TITLE OF CLASS OF SECURITIES)
593261 10 0
(CUSIP NUMBER)
Timothy G. Ewing
Fisher Ewing Partners
2200 Ross Avenue
Suite 4660 West
Dallas, Texas 75201
(214) 999-1900
(NAME, ADDRESS, TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES
AND COMMUNICATIONS)
MAY 16, 1997
(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.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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).
Page 1 of 10 Pages
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CUSIP No. 593261 10 0 Page 2 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FISHER EWING PARTNERS
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
NOT APPLICABLE
6. CITIZENSHIP OR PLACE OR ORGANIZATION
TEXAS
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
577,127
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
577,127
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
577,127
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.31%
14. TYPE OF REPORTING PERSON
PN
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CUSIP No. 593261 10 0 Page 3 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
VALUE PARTNERS, LTD.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
NOT APPLICABLE
6. CITIZENSHIP OR PLACE OR ORGANIZATION
TEXAS
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
577,127
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
577,127
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
577,127
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.31%
14. TYPE OF REPORTING PERSON
PN
<PAGE>
CUSIP No. 593261 10 0 Page 4 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIMOTHY G. EWING SARSEP IRA ACCOUNT
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
NOT APPLICABLE
6. CITIZENSHIP OR PLACE OR ORGANIZATION
TEXAS
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
1,450
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
1,450
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,450
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.04%
14. TYPE OF REPORTING PERSON
EP
<PAGE>
CUSIP No. 593261 10 0 Page 5 of 10 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TIMOTHY G. EWING IRA ACCOUNT
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
NOT APPLICABLE
6. CITIZENSHIP OR PLACE OR ORGANIZATION
TEXAS
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
27,752
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
-0-
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
27,752
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
27,752
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.78%
14. TYPE OF REPORTING PERSON
EP
<PAGE>
CUSIP No. 593261 10 0 Page 6 of 10 Pages
AMENDMENT NO. 4 TO SCHEDULE 13D
This statement amends ("Amendment No. 4") the Schedule 13D, Amendment
No. 1 ("Amendment No. 1"), Amendment No. 2 ("Amendment No. 2") and Amendment
No. 3 ("Amendment No. 3") to the Schedule 13D filed by Value Partners, Ltd.
("VP"), Fisher Ewing Partners ("FEP"), the Timothy G. Ewing SARSEP IRA Account
(the "Account") and the Timothy G. Ewing IRA Account (the "IRA") with the
Securities and Exchange Commission on November 20, 1996, December 24, 1996,
January 10, 1997 and, April 18, 1997, respectively, with respect to the shares
of common stock, no par value per share ("Common Stock"), of Miami Computer
Supply Corporation, an Ohio corporation (the "Issuer"). The Schedule 13D and
Amendment Nos. 1, 2 and 3 are collectively referred to herein as the "Schedule
13D" where the context so permits. All defined terms refer to terms defined
herein and in the Schedule 13D, and Amendments Nos. 1, 2 and 3.
Notwithstanding this Amendment No. 4, the Schedule 13D and Amendment Nos. 1, 2
and 3 speak as of their respective dates. The Schedule 13D is amended only to
the extent set forth below:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The following table sets forth the date of purchase, number of shares of
the Issuer's Common Stock purchased and total purchase price of such shares
for the transactions by VP in the Issuer's Common Stock not previously
reported on VP's Schedule 13D. VP's source of funds for such purchases was
its working capital (i.e., its partnership capital account).
DATE OF PURCHASE NO. OF SHARES PURCHASED TOTAL PURCHASE PRICE
- ---------------- ----------------------- --------------------
April 21, 1997 12,500 $115,650.00
April 25, 1997 10,000 91,250.00
April 30, 1997 7,000 63,875.00
May 13, 1997 6,000 57,750.00
May 16, 1997 12,000 115,500.00
------ ----------
Total 47,500 $444,025.00
====== ==========
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
a. The aggregate number of shares of the Issuer's Common Stock
beneficially owned by VP as of May 16, 1997 was 577,127, representing
16.31% of the Issuer's 3,538,000 outstanding shares of Common Stock as
of March 31, 1997, the date of the share calculation set forth in the
Issuer's Form 10-Q for the three months ended March 31, 1997. The
Account directly (and Mr. Ewing indirectly) beneficially owns 1,450
shares of the Issuer's Common Stock, which represents 0.04% of the
Issuer's outstanding shares of Common Stock as of March 31, 1997. The
IRA directly (and Mr. Ewing indirectly) beneficially owns 27,752 shares
of the Issuer's Common Stock, which represents 0.78% of the Issuer's
outstanding shares of Common Stock as of March 31, 1997. Except with
respect to shares owned by the Account or the IRA, none of FEP
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CUSIP No. 593261 10 0 Page 7 of 10 Pages
or Messrs. Fisher or Ewing directly owns any shares of Common Stock. By
reason of the provisions of Rule 13d-3 under the Exchange Act, each of
FEP and Messrs. Fisher and Ewing may be deemed to beneficially own the
606,329 shares of Common Stock owned by VP, the Account and the IRA, but
FEP and Mr. Fisher disclaim the beneficial ownership of all 606,329
shares, and Mr. Ewing disclaims the beneficial ownership of 577,127
shares, pursuant to Rule 13d-4.
b. VP has the sole power to vote and the sole power to dispose of
the shares of Common Stock owned by it through its general partner, FEP,
and FEP acts solely through its general partners, Messrs. Fisher and
Ewing. Accordingly, each of FEP and Messrs. Fisher and Ewing may be
deemed to have sole voting and dispositive power with respect to the
shares of Issuer's Common Stock owned by VP.
Mr. Ewing has the sole power to vote and dispose of the shares of
Common Stock owned by the Account and the IRA.
c. Except as disclosed in Item 3 of Amendment No. 3 and of this
Amendment No. 4, none of VP, FEP, Messrs. Fisher or Ewing, the Account
or the IRA has effected any transaction in the Issuer's Common Stock
within the past 60 days.
d. No person or entity other than VP has the right to receive, or
the power to direct the receipt of, dividends from, or the proceeds from
the sale of, the shares of the Issuer's Common Stock beneficially owned
by VP.
No person or entity other than the Account has the right to
receive, or the power to direct the receipt of, dividends from, or the
proceeds from the sale of, the shares of the Issuer's Common Stock
beneficially owned by the Account.
No person or entity other than the IRA has the right to receive, or
the power to direct the receipt of, dividends from, or the proceeds from
the sale of, the shares of the Issuer's Common Stock beneficially owned
by the IRA.
e. Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
As of the date of the execution of this Amendment No. 4, (except for the
separate custodial account agreements for the Account and the IRA by and
between Mr. Ewing and Fiduciary Trust Company, the custodian of such
accounts, which Mr. Ewing does not believe to be applicable under Item 6),
none of VP, FEP, Messrs. Fisher or Ewing, the Account or the IRA is a party
to any contract, arrangement, understanding or relationship among themselves
or with any other person with respect to any securities of the Issuer,
including but not limited to transfer or voting of any of the Common Stock,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, the giving or withholding
of proxies or pledge or otherwise subject to a contingency the occurrence of
which would give another person voting or investment power over the Common
Stock, other than the
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CUSIP No. 593261 10 0 Page 8 of 10 Pages
agreement among VP, FEP and Messrs. Fisher and Ewing, the Account and the IRA
with respect to the filing of this Amendment No. 4 and any amendments thereto,
which agreement is attached as Exhibit A hereto.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A -- Agreement among VP, FEP, Messrs. Fisher and Ewing, the
Account and the IRA with respect to the filing of Amendment No. 4 to the
Schedule 13D.
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CUSIP No. 593261 10 0 Page 9 of 10 Pages
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned certifies that the information set forth in
this Amendment No. 4 to the Schedule 13D is true, complete and correct.
VALUE PARTNERS, LTD.
By: Fisher Ewing Partners,
its General Partner
/S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing, Partner
Date: May 19, 1997
FISHER EWING PARTNERS
By: /S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing, Partner
Date: May 19, 1997
TIMOTHY G. EWING SARSEP IRA
By: /S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing
Beneficiary
Date: May 19, 1997
TIMOTHY G. EWING IRA
By: /S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing
Beneficiary
Date: May 19, 1997
<PAGE>
CUSIP No. 593261 10 0 Page 10 of 10 Pages
EXHIBIT A
AGREEMENT
This will confirm the agreement by and among all of the undersigned that
the Amendment No. 4 to the Schedule 13D filed on or about May 20, 1997, and
any amendments thereto with respect to the beneficial ownership of the
undersigned of the shares of Common Stock of Miami Computer Supply
Corporation, an Ohio corporation, is being filed on behalf of each of the
parties named below. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
VALUE PARTNERS, LTD.
By: Fisher Ewing Partners,
its General Partner
/S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing, Partner
Date: May 19, 1997
FISHER EWING PARTNERS
By: /S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing, Partner
Date: May 19, 1997
TIMOTHY G. EWING SARSEP IRA
By: /S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing
Beneficiary
Date: May 19, 1997
TIMOTHY G. EWING IRA
By: /S/ TIMOTHY G. EWING
--------------------
Timothy G. Ewing
Beneficiary
Date: May 19, 1997
