UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED SCHEDULE 13D
(Amendment No. 4)
Under the Securities Exchange Act of 1934
THE LAMAUR CORPORATION (formerly ELECTRONIC HAIR STYLING, INC.)
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
285722104
(CUSIP Number)
David L. Hefflinger
Alan S. Parsow McGrath, North, Mullin
General Partner & Kratz, P.C.
P. O. Box 0449 1400 One Central Park Plaza
Elkhorn, NE 68022 Omaha, NE 68102
(402) 289-3217 with a copy to (402) 341-3070
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 24, 1998
(Date of Event which Required 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 [ ].
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 the 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.
<PAGE>
CUSIP NO. 285722104 13D Page 2 of 4 Pages
1. Name of Reporting Person
SS or IRS Identification Number of Above Person
Parsow Partnership, Ltd., a Limited Partnership / 47-0541937
2. Check the Appropriate Box if a Member of a Group
/X/ (a) / / (b)
3. SEC Use Only
4. Source of Funds
WC
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
/ /
6. Citizenship or Place of Organization
Nebraska
7. Sole Voting Power
413,200 Shares
Number of
Shares 8. Shared Voting Power
Beneficially
Owned by 0
Reporting
Person 9. Sole Dispositive Power
With
413,200 Shares
10. Shared Dispositive Power
0
11. Aggregate Amount Beneficially Owned by Each Reporting Person
413,200 Shares
12. Check Box if Aggregate Amount in Row 11 Excludes Certain Shares
/ /
13. Percent of Class Represented by Amount in Row 11
Approximately 7.2% of voting securities
14. Type of Reporting Person
PN
<PAGE>
CUSIP NO. 285722104 13D Page 3 of 4 Pages
1. Name of Reporting Person
SS or IRS Identification Number of Above Person
Elkhorn Partners Limited Partnership / 47-0721875
2. Check the Appropriate Box if a Member of a Group
/X/ (a) / / (b)
3. SEC Use Only
4. Source of Funds
WC
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
/ /
6. Citizenship or Place of Organization
Nebraska
7. Sole Voting Power
130,000 Shares
Number of
Shares 8. Shared Voting Power
Beneficially
Owned by 0
Reporting
Person 9. Sole Dispositive Power
With
130,000 Shares
10. Shared Dispositive Power
0
11. Aggregate Amount Beneficially Owned by Each Reporting Person
130,000 Shares
12. Check Box if Aggregate Amount in Row 11 Excludes Certain Shares
/ /
13. Percent of Class Represented by Amount in Row 11
Approximately 2.3% of voting securities
14. Type of Reporting Person
PN
<PAGE>
CUSIP NO. 285722104 13D Page 4 of 4 Pages
Parsow Partnership, Ltd. and Elkhorn Partners Limited Partnership (the
"Partnerships") make this filing to amend certain information previously
reported by the Partnerships. This filing constitutes Amendment No. 4 to the
Schedule 13D of Parsow Partnership, Ltd. and Amendment No. 4 to the Schedule 13D
of Elkhorn Partners Limited Partnership. The Partnerships amend such prior
Schedule 13D reports with respect to the common stock of The Lamaur Corporation
(formerly Electronic Hair Styling, Inc.) ("Lamaur") by adding the following
information to the item indicated:
ITEM 4. PURPOSE OF TRANSACTION.
On April 24, 1998, Parsow Partnership Ltd. sent to the Board of Directors
of the Lamaur Corporation the letter attached hereto as Exhibit "B".
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit B - April 24, 1998 letter of Parsow Partnership Ltd. to Lamaur
Corporation.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I hereby
certify that the information set forth in this statement is true, complete and
correct.
DATED: April 24, 1998.
Elkhorn Partners Parsow Partnership, Ltd.,
Limited Partnership A Limited Partnership
By /s/ Alan S. Parsow By /s/ Alan S. Parsow
Alan S. Parsow Alan S. Parsow
General Partner General Partner
EXHIBIT B
PARSOW PARTNERSHIP LTD.
P. O. BOX 818
ELKHORN, NEBRASKA 68022
(402) 289-3217
April 24, 1998
Board of Directors
The Lamaur Corporation
One Lovell Avenue
Mill Valley, CA 94941
Gentlemen:
The Parsow Partnership wrote to the Lamaur Corporation on March 13 and
suggested a meeting as soon as possible among Lamaur's board, operating
management and major stockholders to discuss Lamaur's corporate governance and
operating strategy. We also indicated our intention to nominate five persons for
directorships at Lamaur's 1998 annual meeting, which we expected would be held
on or about May 8, 1998. We have received no response to our request for a
meeting. Our prior phone calls to the Chairman of your Board have gone
unanswered. And to date Lamaur has not announced any timing for a 1998
stockholders' meeting at which the stockholders could express their views with
respect to the actions and inactions of Lamaur's Board of Directors.
We ask that each of you carefully consider your individual fiduciary
duties to the stockholders of Lamaur. We are a major stockholder of Lamaur, and
together with Elkhorn Partners Limited Partnership own approximately 9.5% of
Lamaur's outstanding common stock. The failure of Lamaur management to answer
our letters or respond to our phone calls is distressing at the very least. We
ask that you take the appropriate the action to promptly announce and hold
Lamaur's annual stockholders' meeting, and that you instruct management to make
arrangements for a meeting of Lamaur's major stockholders, its Board and
operating management during the week of June 8.
Very truly yours,
PARSOW PARTNERSHIP LTD.
By: /s/ Alan Parsow
Alan Parsow, General Partner
