-----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, V6eULwNJhZEtvqlznJu/PU77+u/ouJ27T8RdHJsAF01/1/sJ3sVrKlxAD138ALnY xtbgf3ZUC1SLr++Yu/DCSA== 0001025537-98-000072.txt : 19981126 0001025537-98-000072.hdr.sgml : 19981126 ACCESSION NUMBER: 0001025537-98-000072 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRECEPT BUSINESS SERVICES INC CENTRAL INDEX KEY: 0001051285 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PAPER AND PAPER PRODUCTS [5110] IRS NUMBER: 752487353 STATE OF INCORPORATION: TX FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-54547 FILM NUMBER: 98760040 BUSINESS ADDRESS: STREET 1: 1909 WOODALL ROGERS FREEWAY STREET 2: STE 500 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2147546000 MAIL ADDRESS: STREET 1: PO BOX 219008 CITY: DALLAS STATE: TX ZIP: 75201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRECO J D CENTRAL INDEX KEY: 0001069250 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2306 VALENCIA CITY: MONROE STATE: LA ZIP: 71201 BUSINESS PHONE: 3183453333 MAIL ADDRESS: STREET 1: 2306 VALENCIA CITY: MONROE STATE: LA ZIP: 71201 SC 13D/A 1 SCHEDULE 13D/A (PRECEPT BUSINESS SERVICES, INC.) SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ----- SCHEDULE 13D/A (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D- 1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) (Amendment No. 1) Precept Business Services, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 740 165 10 5 - -------------------------------------------------------------------------------- (CUSIP Number) J.D. Greco 2306 Valencia Monroe, LA 71201 (318) 345-3333 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 2, 1998 - -------------------------------------------------------------------------------- (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 |_|. 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. (Continued on following pages) (Page 1 of 5 Pages) CUSIP No. 740 165 105 13D/A Page 2 of 5 Pages ----------- -------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS J.D. Greco I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b)|_| -------- ---------------------------------------------------------------------- 3 SEC USE ONLY -------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS OO -------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| -------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA -------- ---------------------------------------------------------------------- ---------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 3,796,735 ------- -------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY None ------- -------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 3,345,222 ------- -------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER None ---------------------------------------------------------- -------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,796,735 -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* -------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.90% -------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSONS* IN ------------------------------------------------------------------------------- Item 1. Security & Issuer This statement relates to the Class A common stock, par value $0.01 per share (the "Common Stock"), of Precept Business Services, Inc. (the "Company"). The Company's principal executive offices are located at 1909 Woodall Rodgers Freeway, Suite 500, Dallas, Texas 75201. Item 2. Identity & Background (a) This statement is filed by J.D. Greco with respect to shares of Common Stock beneficially owned by him. (b) Mr. Greco's residence address is located at 2306 Valencia, Monroe, LA 71201. (c) Mr. Greco is a consultant to MBF Corporation, 4951 Central Avenue, Monroe, Louisiana and was also Chairman of the Board of APICO Corporation of Girard, 150 APICO Way, Girard, Kansas until October 26, 1998. (d) J.D. Greco, during the last five years, has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, J.D. Greco has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such a proceeding, was, or is subject to, a judgement, 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) J.D. Greco is a citizen of the United States. Item 3. Source & Amount of Funds & Other Consideration Mr. Greco acquired all his shares of Common Stock of the Company in connection with the acquisition of his wholly-owned corporation, MBF Corporation, by the Company on June 19, 1998 solely for Common Stock of the Company. The increase in shares reported in this amended Schedule 13D does not reflect any further acquisition by Mr. Greco but instead solely reflects inclusion of shares currently held in escrow by the Company and as to which Mr. Greco may exercise voting rights. Item 4. Purpose of Transactions The increase in shares did not arise from any transaction other than the previously reported acquisition of Mr. Greco's shares in MBF Corporation by the Company in exchange for Common Stock of the Company. Mr. Greco may make further purchases of Common Stock in the future and may dispose of any or all shares of Common Stock at any time. Mr. Greco does not have any current plans that relate to, or could result in, any matters referred to in paragraphs (b) through (j) inclusive of Item 4 of Schedule 13D. Mr. Greco may, at any time and from time to time, review or reconsider his position and formulate plans or proposals with respect thereto, but has no present intention of doing so. 3 Item 5. Interest in Securities of the Issuer (a) Aggregate number of shares beneficially owned (and related percentage): (i) J.D. Greco: 3,796,735 (6.90%) The percentages used herein are based upon the 55,064,335 shares of Common Stock outstanding as of October 8, 1998 as indicated by the Company. The change in Mr. Greco's percentage ownership is due to the treatment of additional shares of Common Stock as beneficially owned (see Item 3) and the increase in shares of Common Stock outstanding. (b) Sole or shared power to vote or dispose: (i) J.D. Greco Sole power to vote or direct vote: 3,796,735 shares Shared power to vote or direct vote: -0- shares Sole power to dispose or direct disposition: 3,345,222 shares Shared power to dispose or direct disposition: -0- shares Pursuant to Mr. Greco's agreement with the Company in connection with the acquisition of MBF Corporation, 451,513 shares of Common Stock are being held by the Company in trust subject to the satisfaction of certain conditions. Mr. Greco may exercise voting rights with respect to such shares. (c) Mr. Greco has not acquired shares of the Common Stock within the last sixty days. (d) Not applicable (e) Not applicable Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer There are no contracts, arrangements, understandings or relationships (legal or otherwise) between Mr. Greco and any person with respect to any securities of the Company, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. Item 7. Materials to be Filed as Exhibits None. 4 Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 25, 1998 /s/ J.D. Greco ------------------------------------- J.D. Greco 5 -----END PRIVACY-ENHANCED MESSAGE-----