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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
MIAMI COMPUTER SUPPLY CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
593261 10 0
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(CUSIP Number)
Timothy G. Ewing
Ewing & Partners
2200 Ross Avenue
Suite 4660 West
Dallas, Texas 75201
(214) 999-1900
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(Name, Address, Telephone Number of Person Authorized
to Receive Notices and Communications)
January 14, 1998
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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 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).
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Page 1 of 11 Pages
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CUSIP No. 593261 10 0 Page 2 of 11 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ewing & Partners
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
Not applicable
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
817,127
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
-0-
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
817,127
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
817,127
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.43%
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14. TYPE OF REPORTING PERSON
PN
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CUSIP No. 593261 10 0 Page 3 of 11 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Value Partners, Ltd
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
Not applicable
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
817,127
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
-0-
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
817,127
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
817,127
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.43%
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14. TYPE OF REPORTING PERSON
PN
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CUSIP No. 593261 10 0 Page 4 of 11 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy G. Ewing SARSEP IRA Account
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
Not applicable
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
1,450
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
-0-
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
1,450
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,450
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.03
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14. TYPE OF REPORTING PERSON
EP
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CUSIP No. 593261 10 0 Page 5 of 11 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy G. Ewing IRA Account
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
Not applicable
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
27,752
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
-0-
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
27,752
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,752
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.52%
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14. TYPE OF REPORTING PERSON
EP
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CUSIP No. 593261 10 0 Page 6 of 11 Pages
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Amendment No. 8 to SCHEDULE 13D
This statement ("Amendment No. 8") amends the Schedule 13D, Amendment No. 1
("Amendment No. 1"), Amendment No. 2 ("Amendment No. 2"), Amendment No. 3
("Amendment No. 3"), Amendment No. 4 ("Amendment No. 4"), Amendment No. 5
("Amendment No. 5"), Amendment No. 6 ("Amendment No. 6") and Amendment No. 7
("Amendment No. 7") to the Schedule 13D filed by Value Partners, Ltd. ("VP"),
Ewing & Partners (formerly known as Fisher Ewing Partners) ("E&P"), 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, April 18, 1997, May 22, 1997, June 5, 1997,
July 8, 1997 and October 9, 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, 3, 4, 5, 6 and 7 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, 3, 4, 5, 6 and 7.
Notwithstanding this Amendment No. 8, the Schedule 13D and Amendment Nos. 1, 2,
3, 4, 5, 6 and 7 speak as of their respective dates. The Schedule 13D is amended
only to the extent set forth below:
Item 2. Identity and Background
(a)-(c) This Amendment No. 8 is filed by Value Partners, Ltd. a Texas
limited partnership. E&P, a Texas general partnership (formerly known as
Fisher Ewing Partners), is the general partner of VP. Timothy G. Ewing and Ewing
Asset Management, Inc., a Texas limited liability company ("EAM"), are the
general partners of E&P. EAM is controlled by Mr. Ewing. The principal place of
business for Mr. Ewing, E&P, EAM and VP is Suite 4660 West, 2200 Ross Avenue,
Dallas, Texas 75201. All references to Fisher Ewing Partners in the Schedule 13D
and Amendments No. 1 through 7, inclusive, shall now refer to E&P, as the
context so requires.
The present principal occupation or employment of Mr. Ewing is managing
general partner of E&P. The principal business of EAM is acting as a general
partner of E&P. The principal business of E&P is the management of VP. The
principal business of VP is investment in and trading of capital stocks,
warrants, bonds, notes, debentures and other securities.
(d) None of VP, E&P, EAM or Mr. Ewing, during the last five years, has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of VP, E&P, EAM or Mr. Ewing has, during the last five years,
been a party to a civil proceeding of a judicial or administration body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations, of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Mr. Ewing is a citizen of the United States of America.
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CUSIP No. 593261 10 0 Page 7 of 11 Pages
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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
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November 24, 1997 36,000 $486,025.00
January 14, 1998 50,000 $681,275.00
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 January 14, 1998 was 817,127, representing
15.43% of the Issuer's 5,295,812 outstanding shares of Common Stock as of
January 30, 1998, the date of the filing of the Form 8-K by the Issuer
with the Securities and Exchange Commission for purposes of disclosing the
Issuer's purchase of Minnesota Western/Creative Office Products, Inc. The
Account directly (and Mr. Ewing indirectly) beneficially owns 1,450 shares
of the Issuer's Common Stock, which represents 0.03% of the Issuer's
outstanding shares of Common Stock as of January 30, 1998. The IRA
directly (and Mr. Ewing indirectly) beneficially owns 27,752 shares of the
Issuer's Common Stock, which represents 0.52% of the Issuer's outstanding
shares of Common Stock as of January 30, 1998. Except with respect to
shares owned by the Account or the IRA, none of E&P, EAM or Mr. Ewing
directly owns any shares of Common Stock. By reason of the provisions of
Rule 13d-3 under the Exchange Act, each of E&P, EAM and Mr. Ewing may be
deemed to beneficially own the 846,329 shares of Common Stock owned by VP,
the Account and the IRA, but E&P and EAM disclaim the beneficial ownership
of all 846,329 shares, and Mr. Ewing disclaims the beneficial ownership of
817,127 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, E&P,
and E&P acts solely through its general partners, EAM and Mr. Ewing.
Accordingly, each of E&P and Mr. 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 this Amendment No. 8, none of VP, E&P, EAM
or Mr. Ewing, the Account or the IRA has effected any transaction in the
Issuer's Common Stock within the past 60 days.
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CUSIP No. 593261 10 0 Page 8 of 11 Pages
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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. 8, (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 this Item 6), none of VP, E&P, EAM
or Mr. 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 agreement among VP, E&P,
EAM, Mr. Ewing, the Account and the IRA with respect to the filing of this
Amendment No. 8 and any amendments thereto, which agreement is attached as
Exhibit A hereto.
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CUSIP No. 593261 10 0 Page 9 of 11 Pages
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Item 7. Material to be Filed as Exhibits
Exhibit A -- Agreement among VP, E&P, EAM and Mr. Ewing, the Account and
the IRA with respect to the filing of Amendment No. 8 to the Schedule 13D.
[This space intentionally left blank.]
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CUSIP No. 593261 10 0 Page 10 of 11 Pages
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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. 8 to the Schedule 13D is true, complete and correct.
Value Partners, Ltd.
By: Ewing & Partners,
its General Partner
/s/Timothy G. Ewing
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Timothy G. Ewing, Partner
Date: February 12, 1998
Ewing & Partners
By: /s/Timothy G. Ewing
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Timothy G. Ewing, Partner
Date: February 12, 1998
Timothy G. Ewing SARSEP IRA
By: /s/Timothy G. Ewing
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Timothy G. Ewing
Beneficiary
Date: February 12, 1998
Timothy G. Ewing IRA
By: /s/Timothy G. Ewing
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Timothy G. Ewing
Beneficiary
Date: February 12, 1998
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CUSIP No. 593261 10 0 Page 11 of 11 Pages
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EXHIBIT A
AGREEMENT
This will confirm the agreement by and among all of the undersigned that
the Amendment No. 8 to the Schedule 13D filed on or about February 17, 1998, 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: Ewing & Partners,
its General Partner
/s/Timothy G. Ewing
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Timothy G. Ewing, Partner
Date: February 12, 1998
Ewing & Partners
By: /s/Timothy G. Ewing
--------------------------
Timothy G. Ewing, Partner
Date: February 12, 1998
Timothy G. Ewing SARSEP IRA
By: /s/Timothy G. Ewing
-------------------------
Timothy G. Ewing
Beneficiary
Date: February 12, 1998
Timothy G. Ewing IRA
By: /s/Timothy G. Ewing
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Timothy G. Ewing
Beneficiary
Date: February 12, 1998
