GLOBE BUILDING MATERIALS INC
SC 13G/A, 1999-02-16
ASPHALT PAVING & ROOFING MATERIALS
Previous: INFINITY INVESTORS LTD, SC 13G, 1999-02-16
Next: COMMUNITY INVESTORS BANCORP INC, 10QSB, 1999-02-16



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                 SCHEDULE 13G/A

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*

                           Diamond Home Services, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                   252648-10-0
                                 (CUSIP Number)



Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:


         / /      Rule 13d-1(b)
         / /      Rule 13d-1(c)
         /x/      Rule 13d-1(d)

*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>



                                                   SCHEDULE 13G

CUSIP No. 252648-10-0                                                    Page  2

1                 NAMES OF REPORTING PERSONS S.S. OR
                  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS


                  Globe Building Materials, Inc.     36-3617389
- --------------------------------------------------------------------------------
2                 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      (a) //
                                                                         (b) //

- --------------------------------------------------------------------------------
3                 SEC USE ONLY


- --------------------------------------------------------------------------------
4                 CITIZENSHIP OF PLACE OF ORGANIZATION

                  Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES                           5        SOLE VOTING POWER
  BENEFICIALLY OWNED
   BY EACH                                 -------------------------------------
  REPORTING                                6        SHARED VOTING POWER
   PERSON
   WITH                                                3,417,000
                                           -------------------------------------
                                           7        SOLE DISPOSITIVE POWER

                                           -------------------------------------
                                           8        SHARED DISPOSITIVE POWER

                                                       3,417,000
- --------------------------------------------------------------------------------
9            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             3,417,000
- --------------------------------------------------------------------------------
10           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
             EXCLUDES CERTAIN SHARES*                                       / /


- --------------------------------------------------------------------------------
11           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

             40.2%
- --------------------------------------------------------------------------------
14           TYPE OF REPORTING PERSON*

             CO
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!




<PAGE>



                                  SCHEDULE 13G
CUSIP No. 252648-10-0                                                    Page  3

1            NAMES OF REPORTING PERSONS S.S. OR
             I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS


             C. Stephen Clegg; ###-##-####
- --------------------------------------------------------------------------------
2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a) //
                                                                         (b) //

- --------------------------------------------------------------------------------
3            SEC USE ONLY


- --------------------------------------------------------------------------------
4            CITIZENSHIP OF PLACE OF ORGANIZATION

             United States
- --------------------------------------------------------------------------------
NUMBER OF SHARES                           5        SOLE VOTING POWER
  BENEFICIALLY OWNED
   BY EACH                                                 44,805
  REPORTING                                -------------------------------------
   PERSON                                  6        SHARED VOTING POWER
   WITH
                                                       3,417,000
                                           -------------------------------------
                                           7        SOLE DISPOSITIVE POWER

                                                           44,805
                                           -------------------------------------
                                           8        SHARED DISPOSITIVE POWER

                                                       3,417,000
- --------------------------------------------------------------------------------
9            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             3,461,805
- --------------------------------------------------------------------------------
10           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
             EXCLUDES CERTAIN SHARES*                                       / /


- --------------------------------------------------------------------------------
11           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

             40.5%
- --------------------------------------------------------------------------------
14           TYPE OF REPORTING PERSON*

             IN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!




<PAGE>



Item 1(a)         Name of Issuer:

                  Diamond Home Services, Inc.

Item 1(b)         Address of Issuer's Principal Executive Offices:

                  222 Church Street
                  Diamond Plaza
                  Woodstock, Illinois 60098

Item 2(a)         Name of Persons Filing:

                  Globe Building Materials, Inc.
                  C. Stephen Clegg

Item 2(b)         Address of Principal Business Office or, if none, Residence:

                  Globe Building Materials, Inc.
                  2230 Indianapolis Blvd.
                  Whiting, Indiana 46394

                  C. Stephen Clegg
                  c/o Diamond Home Services, Inc.
                  222 Church Street
                  Diamond Plaza
                  Woodstock, Illinois 60098

Item 2(c)         Citizenship:

                  Globe Building Materials, Inc. -- Delaware
                  C. Stephen Clegg -- United States

Item 2(d)         Title of Class of Securities:

                  Common Stock

Item 2(e)         CUSIP Number:

                  252648-10-0

Item 3            Not applicable, reporting persons are filing this Schedule 13G
                  pursuant to Rule 13d-1(d).

Item 4            Ownership:

                  Globe Building Materials, Inc.:

                           (a) Amount Beneficially Owned:

                           As of December 31, 1998,  the number of shares of the
                           issuer's  Common  Stock  beneficially  owned by Globe
                           Building Materials, Inc. was 3,417,000.

                           (b) Percent of Class:

                           As of December 31, 1998,  the percent of the issuer's
                           outstanding  Common Stock beneficially owned by Globe
                           Building Materials, Inc. was approximately 40.2%.

                                        4

<PAGE>




                           (c)  Number  of  shares  as to which  Globe  Building
Materials, Inc. has:

                                    (i) sole power to vote or to direct the vote
                                    is  -0-.  (ii)  shared  power  to vote or to
                                    direct  the vote is  3,417,000.  (iii)  sole
                                    power   to   dispose   or  to   direct   the
                                    disposition  is -0-.  (iv)  shared  power to
                                    dispose  or to  direct  the  disposition  is
                                    3,417,000.

                  C. Stephen Clegg:

                           (a) Amount Beneficially Owned:

                           As of December 31, 1998,  the number of shares of the
                           issuer's  Common  Stock   beneficially  owned  by  C.
                           Stephen Clegg was  3,461,805.  Of these  shares,  Mr.
                           Clegg  directly  owned  vested  options  to  purchase
                           44,805 shares and indirectly owned 3,417,000  through
                           Globe Building Materials, Inc.

                           (b) Percent of Class:

                           As of December 31, 1998,  the percent of the issuer's
                           outstanding  Common  Stock  beneficially  owned by C.
                           Stephen Clegg was approximately 40.5%.

                           (c)  Number of shares  as to which C.  Stephen  Clegg
                                has:

                                    (i) sole power to vote or to direct the vote
                                    is 44,805.  (ii) shared  power to vote or to
                                    direct  the vote is  3,417,000.  (iii)  sole
                                    power   to   dispose   or  to   direct   the
                                    disposition is 44,805.  (iv) shared power to
                                    dispose  or to  direct  the  disposition  is
                                    3,417,000.

Item 5            Ownership of Five Percent or Less of a Class:

                  Not applicable.

Item 6            Ownership of More than Five Percent on Behalf of Another 
                  Person:

                  Not applicable.

Item 7            Identification and Classification of the Subsidiary which 
                  Acquired the Security Being Reported by the Parent Holding
                  Company:

                  Globe Building Materials, Inc. beneficially owns the shares it
                  has reported on this Schedule 13G through its wholly-owned
                  subsidiary, GBM, Inc.

                  C. Stephen Clegg -- Not applicable.

Item 8            Identification and Classification of Members of the Group:

                  Not applicable.

Item 9            Notice of Dissolution of Group:

                  Not applicable.

Item 10           Certification:

                  Not applicable, reporting persons are filing this Schedule 13G
                  pursuant to Rule 13d-1(d).

                                        5

<PAGE>



                                    SIGNATURE

    After  reasonably  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.

February 9, 1999

                                  GLOBE BUILDING MATERIALS, INC.


                                  By:      /s/ C. Stephen Clegg
                                       -----------------------------------------
                                       C. Stephen Clegg, Chief Executive Officer




                                         /s/ C. Stephen Clegg
                                       -----------------------------------------
                                       C. Stephen Clegg


Attention:  Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).




                                        6





                           EXHIBIT 1 TO SCHEDULE 13G/A

                         GLOBE BUILDING MATERIALS, INC.
                                       AND
                                C. STEPHEN CLEGG

                             JOINT FILING AGREEMENT


     Globe Building  Materials,  Inc.  ("Globe") and C. Stephen Clegg  ("Clegg")
hereby agree that the Schedule 13G to which this  statement is attached is filed
on behalf of Globe and Clegg.


February 9, 1999

                                   GLOBE BUILDING MATERIALS, INC.


                                   By: /s/ C. Stephen Clegg
                                       -----------------------------------------
                                       C. Stephen Clegg, Chief Executive Officer




                                       /s/ C. Stephen Clegg
                                       -----------------------------------------
                                       C. Stephen Clegg




                                        7




                           EXHIBIT 2 TO SCHEDULE 13G/A

                                     ITEM 7


     Globe Building Materials,  Inc.  beneficially owns all of the shares it has
reported on this Schedule 13G through its wholly-owned subsidiary GBM, Inc.

    The address and the tax identification number for GBM, Inc. are as follows:

                           GBM, Inc.
                           1105 North Market Street
                           Suite 1300
                           Wilmington, DE 19899
                           Tax ID No.:  51-0375188



                                                         8



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission