SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. __)*
ACCOM, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
00434 10 8
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(CUSIP Number)
Katharine A. Martin, Esq.
Pillsbury Madison & Sutro LLP
2550 Hanover Street
Palo Alto, CA 94304
(650) 233-4500
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JULY 20, 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 section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box |_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See section 240.13d-7(b) 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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CUSIP No. 00434-10-8 13D Page 2 of 6 Pages
1. NAME OF REPORTING PERSON Michael Luckwell
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. SOURCE OF FUNDS PF
________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_|
________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom
________________________________________________________________________________
NUMBER OF 7. SOLE VOTING POWER 778,750
SHARES ____________________________________________
BENEFICIALLY
OWNED BY 8. SHARED VOTING POWER
EACH ____________________________________________
REPORTING
PERSON 9. SOLE DISPOSITIVE POWER 778,750
WITH ____________________________________________
10. SHARED DISPOSITIVE POWER
________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 778,750
________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES |_|
________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.7%
________________________________________________________________________________
14. TYPE OF REPORTING PERSON IN
________________________________________________________________________________
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CUSIP No. 00434-10-8 13D Page 3 of 6 Pages
ITEM 1. SECURITY AND ISSUER.
(a) Title of class of equity securities: Common Stock.
(b) Name of Issuer: Accom, Inc.
(c) Address of the principal executive office of the issuer:
1490 O'Brien Drive
Menlo Park, CA 94025
ITEM 2. IDENTITY AND BACKGROUND.
(a) Name: Michael Luckwell.
(b) Residence or business address:
Luckwell Associates Ltd.
26 Catherine Place
London, SW1E 6HF
(c) Present principal occupation or employment and the name, principal
business and address of any corporation or other organization in which such
employment is conducted: Michael Luckwell has served as an executive and a
director for several companies in the fields of: television and film production,
television programming distribution, digital electronics, marketing services and
leisure services. Currently, Mr. Luckwell is an investor for his own account
primarily in the areas of media, leisure, digital electronics and property in
the United States and the United Kingdom.
(d) Michael Luckwell, during the last five years, has not been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Michael Luckwell, during the last five years, has not been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in a judg-
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CUSIP No. 00434-10-8 13D Page 4 of 6 Pages
ment, 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) Citizenship: United Kingdom.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Michael Luckwell used personal funds to purchase the securities reported
on this Schedule 13D.
ITEM 4. PURPOSE OF THE TRANSACTION.
Michael Luckwell purchased the securities reported on this Schedule 13D
for investment purposes. In the future, from time to time, Mr. Luckwell may
purchase additional shares of Common Stock of the Issuer depending on the then
prevailing market conditions and the price at which such Common Stock shares are
traded in the open market or privately negotiated transactions. Mr. Luckwell
has been advised by the Issuer that it has taken actions to amend the Issuer's
Preferred Shares Rights Agreement, dated as of September 13, 1996, to permit
Mr. Luckwell to acquire up to 2,500,000 shares of Common Stock.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
According to the most recently available Form 10-Q of Accom, Inc., there
are approximately 6,672,000 shares of Common Stock issued and outstanding.
(a) Amount beneficially owned: 778,750
Percent of class: 11.7%
(b) The number of shares as to which Michael Luckwell has:
(i) Sole power to vote or direct the vote: 778,750 shares;
(ii) Shared power to vote or direct the vote: none;
(iii) Sole power to dispose or direct the disposition of: 778,750
shares;
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CUSIP No. 00434-10-8 13D Page 5 of 6 Pages
(iv) Shared power to dispose or direct the disposition of: none.
(c) Michael Luckwell has completed the following purchases of the Issuer's
Common Stock within the past 60 days through his broker:
Date of Number of Shares
Purchase Of Common Stock Price Per Share
-------- --------------- ---------------
7/20/98 315,750 $0.410
7/21/98 42,500 $0.435
7/21/98 10,000 $0.445
7/22/98 10,000 $0.445
8/4/98 5,000 $0.425
8/6/98 4,000 $0.435
8/12/98 15,000 $0.435
8/25/98 4,000 $0.435
8/26/98 15,000 $0.435
8/27/98 40,000 $0.435
8/27/98 5,000 $0.435
8/28/98 90,000 $0.435
8/28/98 5,000 $0.435
9/1/98 30,000 $0.435
9/2/98 10,000 $0.435
9/8/98 65,000 $0.435
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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CUSIP No. 00434-10-8 13D Page 6 of 6 Pages
SIGNATURE
After reasonable 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.
Dated as of September 9, 1998.
/s/ Michael Luckwell
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Michael Luckwell
