-----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, Ml28CMtVqZOn8h3lxsxiTw3ii7EloSu8HKaJ3QY7bzYNuzWxOeAdREW844p66AIb grkkiKYgdGotR10LXXzJ7w== 0000907098-96-000010.txt : 19960216 0000907098-96-000010.hdr.sgml : 19960216 ACCESSION NUMBER: 0000907098-96-000010 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN ELECTRONICS CORP CENTRAL INDEX KEY: 0000800286 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 222715444 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-37943 FILM NUMBER: 96517381 BUSINESS ADDRESS: STREET 1: 4916 N ROYAL ATLANTA DR CITY: TUCKER STATE: GA ZIP: 30085 BUSINESS PHONE: 7709418962 MAIL ADDRESS: STREET 1: 4916 NORTH ROYAL ATLANTA DRIVE CITY: TUCKER STATE: GA ZIP: 30085 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIAMOND MARK CENTRAL INDEX KEY: 0000902746 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 4916 NORTH ROYAL ATLANTA DRIVE CITY: TUCKER STATE: GA ZIP: 30085 BUSINESS PHONE: 4044918962 MAIL ADDRESS: STREET 1: 4916 NORTH ROYAL DRIVE CITY: TUCKER STATE: GA ZIP: 30084 SC 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7)* Southern Electronics Corporation (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 842811 10 1 (CUSIP Number) Check the following box if a fee is being paid with this statement. (A fee is not required only if the filing 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). *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). 13G CUSIP NO. 842811 10 1 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mark Diamond ###-##-#### 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 of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 72,305 6 SHARED VOTING POWER 758,101 7 SOLE DISPOSITIVE POWER 72,305 8 SHARED DISPOSITIVE POWER 758,101 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 830,406 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.1% 12 TYPE OF REPORTING PERSON IN Item 1(a). Name of Issuer: Southern Electronics Corporation Item 1(b). Address of Issuer's Principal Executive Offices: 4916 North Royal Atlanta Drive Atlanta, Georgia 30085 Item 2(a). Name of Person Filing: Mark Diamond Item 2(b). Address of Principal Business Office or, if None, Residence: 4916 North Royal Atlanta Drive Atlanta, Georgia 30085 Item 2(c). Citizenship: United States of America Item 2(d). Title of Class of Securities: Common Stock, $.01 par value Item 2(e). CUSIP Number: 842811 10 1 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Inapplicable Item 4. Ownership: (a) Amount beneficially owned: 830,406 (b) Percent of class: 11.1% (c) Number of shares as to which such person has (i) sole power to vote or direct the vote: 72,305 1/ (ii) shared power to vote or direct the vote: 758,101 2/ (iii) sole power to dispose or to direct the disposition of: 72,305 1/ (iv) shared power to dispose or direct the disposition of: 758,101 2/ 1/ Includes 54,350 shares subject to options exercisable on or before March 1, 1996. 2/ Includes 758,101 shares owned of record by SED Associates, a general partnership of which the reporting person is a general partner. See Item 6. Item 5. Ownership of Five Percent or Less of a Class: Inapplicable Item 6. Ownership of More than Five Percent on Behalf of Another Person: Of the indicated shares, 758,101 shares are held by SED Associates, a general partnership in which the reporting person holds an approximate 1.63% interest on his own behalf. In addition, the reporting person serves as trustee of a trust for the benefit of Julie Diamond, which also owns an approximate 1.63% interest in the partnership. As to the shares held by the partnership, the reporting person disclaims beneficial ownership of all but his own 1.63% interest and the 1.63% interest owned by the trust. The trust also directly owns 1,684 shares over which the reporting person has voting and dispositive rights as trustee. The general partners of SED Associates are identified in Exhibit A hereto. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Inapplicable Item 8. Identification and Classification of the Members of the Group: Inapplicable Item 9. Notice of Dissolution of Group: Inapplicable Item 10. Certification: Inapplicable 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: February ___, 1996 Signature: Name: Mark Diamond EXHIBIT A GENERAL PARTNERS OF SED ASSOCIATES *1. Gerald Diamond 2. Trust FBO Julie Diamond, c/o Mark Diamond, Trustee 3. Mark Diamond **4. ZS Partners, c/o Michel Zaleski, Ned L. Sherwood and Thomas Epstein, General Partners * Managing Partner ** ZS Partners exercises no voting or investment powers with respect to the shares of Common Stock held by SED Associates, but is entitled to a percentage of the gain resulting from any sale of Common Stock by SED Associates. Mr. Epstein exercises no voting or dispositive control over the shares held by ZS Partners. As a result, Mr. Epstein has not filed a Schedule 13G for the year ended December 31, 1995. -----END PRIVACY-ENHANCED MESSAGE-----