-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UrS5W9sgxfs95PnX7/gEgU5pfmKwARVfVV6tnoj2p+QdI0TDYzCZg0I6/WVnzAbx fj+dQsxIyYjrx3AzCX4r5A== 0000950152-98-007487.txt : 19980911 0000950152-98-007487.hdr.sgml : 19980911 ACCESSION NUMBER: 0000950152-98-007487 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980910 SROS: NONE GROUP MEMBERS: ROULSTON THOMAS H III GROUP MEMBERS: SCOTT D. ROULSTON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MIM CORP CENTRAL INDEX KEY: 0001014739 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 050489664 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-49459 FILM NUMBER: 98706975 BUSINESS ADDRESS: STREET 1: ONE BLUE HILL PLAZA CITY: PEARL RIVER STATE: NY ZIP: 10965 BUSINESS PHONE: 9147353555 MAIL ADDRESS: STREET 1: 25 NORTH ROAD CITY: PEACE DALE STATE: RI ZIP: 02883 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROULSTON THOMAS H III CENTRAL INDEX KEY: 0001070098 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 4000 CHESTER AVENUE CITY: CLEVELAND STATE: OH ZIP: 44103 MAIL ADDRESS: STREET 1: 4000 CHESTER AVENUE CITY: CLEVELAND STATE: OH ZIP: 44103 SC 13G 1 MIM CORP./THOMAS H. AND SCOTT D. ROULSTON SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* MIM Corporation ----------------------------------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------------------------------- (Title of Class of Securities) 553044108 ----------------------------------------------------------------------------- (Cusip Number) August 24, 1998 ----------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] 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 the disclosures provided in a prior cover page. The information required in 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). 2 SCHEDULE 13G CUSIP NO. 553044108 PAGE 2 OF 6 PAGES - ----------------------------------------------------------------------------------------------------------- | 1 | NAME OF REPORTING PERSON: THOMAS H. ROULSTON | | | | | | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: | | | | |-----|---------------------------------------------------------------------------------------------------| | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] | | | ----- | | | (b) [ ] | | | ----- | |-----|---------------------------------------------------------------------------------------------------| | 3 | SEC USE ONLY | | | | |-----|---------------------------------------------------------------------------------------------------| | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | | United States | |-------------------------------|-------|-----------------------------------------------------------------| | NUMBER OF | 5 | SOLE VOTING POWER: | | | | | | SHARES | | 78,621 | | |-------|-----------------------------------------------------------------| | BENEFICIALLY | 6 | SHARED VOTING POWER: | | | | | | OWNED BY | | 1,066,370* | | |-------|-----------------------------------------------------------------| | EACH | 7 | SOLE DISPOSITIVE POWER: | | | | | | REPORTING | | 78,621 | | |-------|-----------------------------------------------------------------| | PERSON | 8 | SHARED DISPOSITIVE POWER: | | | | | | WITH | | 1,066,370* | | |-------|-----------------------------------------------------------------| * Thomas H. Roulston II ("Thomas Roulston") and Scott D. Roulston ("Scott Roulston") share voting and dispositive power with respect to 1,025,356 shares of common stock of the Issuer ("Common Stock") as general partners of each of Roulston Ventures Limited Partnership ("Fund A") and Roulston Investment Trust Limited Partnership ("Fund B" and together with Fund A, the "Funds"). The Funds each acquired 512,678 shares of Common Stock in connection with the merger of the Issuer and Continental Managed Pharmacy Services, Inc. (the "Merger"). A total of 162,484 of these shares is pledged to the Issuer to secure contingent obligations of the Funds pursuant to an indemnification agreement by and among the Issuer, the Funds and other persons in connection with the Merger (the "Indemnification Agreement"). In connection with the Merger, Roulston & Company, an Ohio corporation ("Roulston & Company"), will receive 41,014 shares of Common Stock. Thomas Roulston is Chairman of Roulston & Company. |-------------------------------|-------|-----------------------------------------------------------------| | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | | | | | | 1,144,991 | |-----|---------------------------------------------------------------------------------------------------| | 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | | SHARES: [ ] | | | ----- | |-----|---------------------------------------------------------------------------------------------------| | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | | | | | | 6.54% | |-----|---------------------------------------------------------------------------------------------------| | 12 | TYPE OF REPORTING PERSON: | | | | | | IN | - -----------------------------------------------------------------------------------------------------------
Page 2 of 6 3 SCHEDULE 13G CUSIP NO. 553044108 PAGE 3 OF 6 PAGES - ----------------------------------------------------------------------------------------------------------- | 1 | NAME OF REPORTING PERSON: SCOTT D. ROULSTON | | | | | | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: | | | | |-----|---------------------------------------------------------------------------------------------------| | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] | | | ----- | | | (b) [ ] | | | ----- | |-----|---------------------------------------------------------------------------------------------------| | 3 | SEC USE ONLY | | | | |-----|---------------------------------------------------------------------------------------------------| | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | | United States | |-------------------------------|-------|-----------------------------------------------------------------| | NUMBER OF | 5 | SOLE VOTING POWER: | | | | | | SHARES | | 0 | | |-------|-----------------------------------------------------------------| | BENEFICIALLY | 6 | SHARED VOTING POWER: | | | | | | OWNED BY | | 1,066,370* | | |-------|-----------------------------------------------------------------| | EACH | 7 | SOLE DISPOSITIVE POWER: | | | | | | REPORTING | | 0 | | |-------|-----------------------------------------------------------------| | PERSON | 8 | SHARED DISPOSITIVE POWER: | | | | | | WITH | | 1,066,370* | | |-------|-----------------------------------------------------------------| * Thomas Roulston and Scott Roulston share voting and dispositive power with respect to 1,025,356 shares of Common Stock as general partners of each of the Funds. The Funds each acquired 512,678 shares of Common Stock in connection with the Merger. A total of 162,484 of these shares is pledged to the Issuer to secure contingent obligations of the Funds pursuant to the Indemnification Agreement. In connection with the Merger, Roulston & Company will receive 41,014 shares of Common Stock. Scott Roulston is President of Roulston & Company |-------------------------------|-------|-----------------------------------------------------------------| | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | | | | | | 1,066,370 | |-----|---------------------------------------------------------------------------------------------------| | 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | | SHARES: [ ] | | | ----- | |-----|---------------------------------------------------------------------------------------------------| | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | | | | | | 6.09% | |-----|---------------------------------------------------------------------------------------------------| | 12 | TYPE OF REPORTING PERSON: | | | | | | IN | - -----------------------------------------------------------------------------------------------------------
(end of cover page) Page 3 of 6 4 ITEM 1 (a). NAME OF ISSUER: MIM Corporation - ----------------------------------------------------------------------------- ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: One Blue Hill Plaza, 15th Floor - ----------------------------------------------------------------------------- Pearl River, New York 10965 - ----------------------------------------------------------------------------- ITEM 2 (a). NAME OF PERSONS FILING: Thomas H. Roulston II and Scott D. Roulston - ----------------------------------------------------------------------------- ITEM 2 (b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE: 4000 Chester Avenue - ----------------------------------------------------------------------------- Cleveland, OH 44103 - ----------------------------------------------------------------------------- ITEM 2 (c). CITIZENSHIP: United States - ----------------------------------------------------------------------------- ITEM 2 (d). TITLE OF CLASS OF SECURITIES: Common Stock - ----------------------------------------------------------------------------- ITEM 2 (e). CUSIP NUMBER: 553044108 - ----------------------------------------------------------------------------- ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(B) OR 240.13d-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] BROKER OR DEALER REGISTERED UNDER SECTION 15 OF THE ACT. (b) [ ] BANK AS DEFINED IN SECTION 3(a)(6) OF THE ACT. (c) [ ] INSURANCE COMPANY AS DEFINED IN SECTION 3(a)(19) OF THE ACT. (d) [ ] INVESTMENT COMPANY REGISTERED UNDER SECTION 8 OF THE INVESTMENT COMPANY ACT OF 1940. (e) [ ] AN INVESTMENT ADVISER IN ACCORDANCE WITH SECTION 240.13d-1(b)(1)(ii)(E). (f) [ ] AN EMPLOYEE BENEFIT PLAN OR ENDOWMENT FUND IN ACCORDANCE WITH SECTION 240.13d-1(b)(ii)(F). (g) [ ] A PARENT HOLDING COMPANY OR CONTROL PERSON, IN ACCORDANCE WITH SECTION 240.13d-1(b)(1)(ii)(G). (h) [ ] A SAVINGS ASSOCIATION AS DEFINED IN SECTION 3(b) OF THE FEDERAL DEPOSIT INSURANCE ACT. (i) [ ] A CHURCH PLAN THAT IS EXCLUDED FROM THE DEFINITION OF AN INVESTMENT COMPANY UNDER SECTION 3(c)(14) OF THE INVESTMENT COMPANY ACT OF 1940. (j) [ ] GROUP, IN ACCORDANCE WITH SECTION 240.13d-1(b)(1)(ii)(J) Page 4 of 6 5 ITEM 4. OWNERSHIP: (a) AMOUNT BENEFICIALLY OWNED: 1,144,991 (b) PERCENT OF CLASS: 6.54% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 78,621 (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: 1,066,370 (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 78,621 (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 1,066,370
ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS. Not Applicable ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON. The limited and general partners of the Funds have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the securities held by the Funds. In connection with an incentive compensation program related to the Merger, Thomas Roulston has the right to receive the proceeds from the sale of 18,456 of the shares of Common Stock to be held by Roulston & Company. No such interests relates to more than five percent of the class of such securities. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not Applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not Applicable. Page 5 of 6 6 ITEM 10. CERTIFICATION. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purposes or effect. 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. Date: September 9, 1998 /s/ Thomas H. Roulston --------------------------------------- Signature Thomas H. Roulston --------------------------------------- Name /s/ Scott D. Roulston --------------------------------------- Signature Scott D. Roulston --------------------------------------- Name Page 6 of 6 EX-99.A 2 EXHIBIT 99(A) 1 EXHIBIT 99A JOINT FILING AGREEMENT Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto, and any filing on Schedule 13D relating to the same investment) with respect to the shares of common stock of MIMS Corporation, and further agree that this Joint Filing Agreement be included as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement. Date: September 9, 1998 \s\ Thomas H. Roulston ------------------------------------ Signature Thomas H. Roulston ------------------------------------ Name \s\ Scott D. Roulston ------------------------------------ Signature Scott D. Roulston ------------------------------------ Name -----END PRIVACY-ENHANCED MESSAGE-----