UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
AMERICAN RADIO SYSTEMS CORPORATION
(Name of Issuer)
Class A Common Stock, par value $.01 per share
(Title of Class of Securities)
029161 10 6
(CUSIP Number)
Steven B. Dodge
American Radio Systems Corporation
116 Huntington Avenue
Boston, Massachusetts 02116
(617) 375-7500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 8, 1996
(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>
SCHEDULE 13D
- ------------------------------------ -------------------------------
CUSIP No. 029161 10 6 Page 2 of 10 Pages
- ------------------------------------ -------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven B. Dodge
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 2,037,114 - Class B;
BENEFICIALLY 78,500 - Class A;
OWNED BY See Items 3 and 5(a).
EACH ----------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON
WITH -0-
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,037,114 - Class B;
78,500 - Class A;
See Items 3 and 5(a).
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,037,114 - Class B; 78,500 - Class A; See Items 3 and 5(a).
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.7% See Item 5(a)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ------------------------------------ -----------------------------
CUSIP No. 029161 10 6 Page 3 of 10 Pages
- ------------------------------------ -----------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anne N. Dodge
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 20,832 shares of Class B Common Stock;
BENEFICIALLY 13,050 shares of Class A Common Stock
OWNED BY - See Items 3 and 5(a).
EACH ----------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON
WITH -0-
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
20,832 shares of Class B Common Stock;
13,050 shares of Class A Common Stock
- See Items 3 and 5(a).
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,832 shares of Class B Common Stock; 13,050 shares of Class A
Common Stock - See Items 3 and 5(a).
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2% See Item 5(a).
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN;
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ------------------------------------ -------------------------
CUSIP No. 029161 10 6 Page 4 of 10 Pages
- ------------------------------------ -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven B. Dodge Irrevocable Trust for Benefit of Benjamin P. Dodge
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 6,944 shares of Class B Common Stock;
BENEFICIALLY 3,350 shares of Class A Common Stock
OWNED BY - See Items 3 and 5(a).
EACH ----------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON
WITH -0-
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
6,944 shares of Class B Common Stock;
3,350 shares of Class A Common Stock
- See Items 3 and 5(a).
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,944 shares of Class B Common Stock; 3,350 shares of Class A
Common Stock - See Items 3 and 5(a).
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1% See Item 5(a)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO - Trust
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ------------------------------------ -------------------------
CUSIP No. 029161 10 6 Page 5 of 10 Pages
- ------------------------------------ -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven B. Dodge Irrevocable Trust for Benefit of Kristen A. Dodge
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 6,944 shares of Class B Common Stock;
BENEFICIALLY 3,350 shares of Class A Common Stock
OWNED BY - See Items 3 and 5(a).
EACH ----------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON
WITH -0-
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
6,944 shares of Class B Common Stock;
3,350 shares of Class A Common Stock
- See Items 3 and 5(a).
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,944 shares of Class B Common Stock; 3,350 shares of Class A
Common Stock - See Items 3 and 5(a).
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less then 0.1% See Item 5(a).
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO - Trust
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ------------------------------------ -------------------------
CUSIP No. 029161 10 6 Page 6 of 10 Pages
- ------------------------------------ -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven B. Dodge Irrevocable Trust for Benefit of Thomas S. Dodge
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 6,944 shares of Class B Common Stock;
BENEFICIALLY 3,350 shares of Class A Common Stock
OWNED BY - See Items 3 and 5(a).
EACH ----------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON
WITH -0-
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
6,944 shares of Class B Common Stock;
3,350 shares of Class A Common Stock
- See Items 3 and 5(a).
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,944 shares of Class B Common Stock; 3,350 shares of Class A
Common Stock - See Items 3 and 5(a).
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less then 0.1% See Item 5(a).
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO - Trust
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
- ------------------------------------ -------------------------
CUSIP No. 029161 10 6 Page 7 of 10 Pages
- ------------------------------------ -------------------------
Item 1. Security and issuer.
This statement relates to shares of Class A Common Stock, $.01 par
value per share (the "Class A Common Stock"), of American Radio Systems
Corporation, a Delaware corporation (the "Issuer"). The principal executive
office of the Issuer is 116 Huntington Avenue, Boston, Massachusetts 02116.
Item 2. Identity and background.
This statement is filed pursuant to Reg. ss.13(d)-1(f)(1) by Steven B.
Dodge and Anne N. Dodge, husband and wife. Anne N. Dodge is also filing as
trustee of three irrevocable trusts, each established by Steven B. Dodge, for
the benefit respectively of their children Benjamin P. Dodge, Kristen A. Dodge
and Thomas S. Dodge, and pursuant to an agreement, a copy of which is filed as
Exhibit A to this Schedule 13D, among Steven B. Dodge, Anne N. Dodge, and Anne
N. Dodge, as trustee. None of the reporting persons hereby affirms the existence
of a "group" (within the meaning of Rule 13d-5 under the Securities Exchange Act
of 1934, as amended).
The residence address of Steven B. Dodge and Anne N. Dodge is Blueberry
Hill, Manchester, Massachusetts 01944.
Mr. Dodge is Chairman of the Board of Directors, President and Chief
Executive Officer of the Issuer, 116 Huntington Avenue, Boston, Massachusetts
02116.
During the last five years, neither Mr. Dodge nor Mrs. Dodge has been
(i) convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) was a party to a civil proceeding of a judicial or
administrative 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.
Item 3. Source and amount of funds or other consideration.
On November 8, 1996, Mr. Dodge bought 10,000 shares of Class A Common
Stock (6,000 of which he purchased at $27.00 and 4,000 of which he purchased at
$26.88) with personal funds.
<PAGE>
SCHEDULE 13D
- ------------------------------------ --------------------------
CUSIP No. 029161 10 6 Page 8 of 10 Pages
- ------------------------------------ --------------------------
Item 4. Purpose of transaction.
Mr. Dodge, Mrs. Dodge and the trusts have acquired their shares for
investment purposes. Except as noted below, none of such persons has any plans
or proposals which relate to or would result in any of the following:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer (except as provided
below);
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries
(except as provided below);
(c) A sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including and plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board (except as provided
below);
(e) Any material change in the present capitalization or dividend
policy of the Issuer (except as provided below);
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person (except as provided below);
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended, or
(j) Any action similar to any of those enumerated above.
The reporting persons, as shareholders of American, currently intend to vote in
favor of all of the matters to be brought before a Special Meeting of
Shareholders of American on December 17, 1996. Such matters relate to the
proposed merger of EZ Communications, Inc. ("EZ") into American or a subsidiary
thereof (the "EZ Merger") pursuant to the Agreement and Plan of Merger dated as
of August 5, 1996, as amended and restated as of September 27, 1996 (the "Merger
Agreement"). Mr. Dodge, as Chairman of the Board of Directors, has agreed to
vote in favor of the Merger Agreement and currently intends to continue, in such
capacity, to vote on matters related thereto which may arise. Pursuant to the
Merger Agreement: (i) shareholders of EZ will receive $11.75 and .9 shares of
Class A Common Stock for each share of EZ Common Stock which they hold; (ii) the
principal shareholders of EZ, Alan Box and Arthur Kellar, will become directors
of American and (iii) the number of shares of Class A Common Stock outstanding
will increase materially. In connection with the EZ Merger, American also seeks
to amend its Restated Certificate of Incorporation to increase the total number
of authorized shares of Preferred Stock from 1,000,000 to 10,000,000 and to
increase the total number of authorized shares of Class A Common Stock and Class
B Common Stock from 25,000,000 and 10,000,000 to 100,000,000 and 15,000,000,
respectively.
Mr. Dodge, Mrs. Dodge and the trusts may, from time to time, purchase or sell
shares of Class A Common Stock in the open market or in privately negotiated
transactions. Mr. Dodge intends, in his capacity as Chairman of the Board of
Directors, President and Chief Executive Officer of the Issuer, to pursue, from
time to time, on behalf of the Issuer, transactions of a nature which may fall
within items (b), (c), (d), (e), (f), (g) and (j) above when he considers such
transactions to be in the best interest of the Issuer and its stockholders.
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 029161 10 6 Page 9 of 10 Pages
- ------------------------------------ ----------------------------
Item 5. Interest in securities of the issuer.
(a) Mr. Dodge owns an aggregate of 2,037,114 shares of Class B Common
Stock, 78,500 shares of Class A Common Stock, and options to acquire 190,000
shares of Class B Common Stock, 60,000 of which are exercisable within sixty
days of the date hereof. Such ownership represents 44.2% of the Class B Common
Stock outstanding, 11% of the aggregate number of shares of Common Stock
outstanding and 33.7% of the voting power of all shares of Common Stock
outstanding. If Mr. Dodge were to convert all of his Class B Common Stock into
Class A Common Stock, he would own 12.7% of the Class A Common Stock. Mrs. Dodge
owns 3,000 shares of Class A Common Stock, and each of the trusts owns 3,350
shares of Class A Common Stock and 6,944 shares of Class B common Stock. In the
aggregate, the reporting persons own 2,057,946 shares of Class B Common Stock
and 91,550 shares of Class A Common Stock, representing 44.6% of the Class B
Common Stock, 11.2% of the aggregate number of shares of Common Stock
outstanding, and 34% of the voting power of all shares of Common Stock
outstanding. If all such persons were to convert all of their shares of Class B
Common Stock into Class A Common Stock, they would own, in the aggregate, 12.9%
of the Class A Common Stock. Each of Mr. Dodge and Mrs. Dodge disclaims,
pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended,
any beneficial ownership in the shares owned by each other and the trusts.
(b) Mr. Dodge has the sole power to vote or to direct the vote of, and
the sole power to dispose or direct the disposition of, all shares owned by him
and Mrs. Dodge has the sole power to vote or to direct the vote of, and the sole
power to dispose or direct the disposition of, all shares owned by her and the
trusts.
(c) On September 18, 1996, Mr. Dodge transferred as a gift 6,500 shares
of Class A Common Stock.
In February 1996, American and certain selling stockholders consummated
an Offering of 5,514,707 shares (including 501,337 shares pursuant to the
Underwriters' over-allotment option) of Class A Common Stock at $27.00 per share
($25.65 per share net of underwriting discounts and commissions). In July 1996,
American consummated a merger with Henry Broadcasting Company ("HBC") pursuant
to which HBC merged with and into American and American issued 1,879,034 shares
of Class A Common Stock as a portion of the consideration for the transaction.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, arrangements, understandings or relationships with respect
to securities of the issuer.
Not applicable.
Item 7. Material to be filed as exhibits.
The Joint Filing Agreement which is Exhibit A to the filer's Schedule
13D filed with the Commission on June 23, 1995 is hereby incorporated by
reference herein.
<PAGE>
SCHEDULE 13D
- ------------------------------------ ----------------------------
CUSIP No. 029161 10 6 Page 10 of 10 Pages
- ------------------------------------ ----------------------------
SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: November 18, 1995 Steven B. Dodge, for himself and on behalf
of Anne N. Dodge, Anne N. Dodge, trustee of
the Steven B. Dodge Irrevocable Trusts for
the benefit of Benjamin P. Dodge, Kristen A.
Dodge and Thomas S. Dodge, respectively
/s/ Steven B. Dodge
---------------------------------------
Steven B. Dodge
