-----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, QCPGk7qMiRec4DybESBHYGEC/DfW2bk0eqnlW2UqWjK0ll6TKWEWmQIN0uFFJPSb dFpi50wXs67ROctOtEO21Q== 0000913569-97-000199.txt : 19971217 0000913569-97-000199.hdr.sgml : 19971217 ACCESSION NUMBER: 0000913569-97-000199 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971216 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CROWLEY MILNER & CO CENTRAL INDEX KEY: 0000025871 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 380454910 STATE OF INCORPORATION: MI FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-03418 FILM NUMBER: 97739002 BUSINESS ADDRESS: STREET 1: 2301 W LAFAYETTE CITY: DETROIT STATE: MI ZIP: 48216 BUSINESS PHONE: 3139622400 MAIL ADDRESS: STREET 1: 2301 WEST LAFAYETTE CITY: DETROIT STATE: MI ZIP: 48216 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KEYS RICHARD S CENTRAL INDEX KEY: 0000936925 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 414 NOTRE DAME AVENUE CITY: GROSSE POINTE STATE: MI ZIP: 48230 MAIL ADDRESS: STREET 1: DYKEMA GOSSETT STREET 2: 400 RENAISSANCE CENTER CITY: DETRIOT STATE: MI ZIP: 48243 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 CROWLEY, MILNER AND COMPANY (Name of Issuer) Common Stock (Title of Class of Securities) 228093-10-0 (CUSIP Number) Paul R. Rentenbach Dykema Gossett PLLC 400 Renaissance Center Detroit, Michigan 48243 (313) 568-6973 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 8, 1997 (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 [ ] CUSIP No.228093-10-0 1. Name of Reporting Person: Richard S. Keys S.S. or I.R.S. Identification No. of Above Individual (optional): N/A 2. Check the Appropriate Box if a Member of a Group: (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds: 00 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): [ ] 6. Citizenship or Place of Organization: United States Number of Shares 7. Sole Voting Power 129,902.5 Beneficially 8. Shared Voting Power -0- Owned by Each 9. Sole Dispositive Power 129,902.5 Reporting Person 10. Shared Dispositive Power With -0- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 129,902.5 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] 13. Percent of Class Represented by Amount in Row (11) 8.4% 14. Type of Reporting Person: IN CUSIP NO. 228093-10-0 ITEM 1.Security and Issuer The title of the class of equity security to which this statement relates is the Common Stock, (the "Common Stock") of Crowley, Milner and Company, a Michigan corporation (the "Issuer"), whose principal executive offices are located at 2301 West Lafayette, Detroit, Michigan 48216. ITEM 2.Identity and Background This statement is filed by Richard S. Keys, 414 Notre Dame, Grosse Pointe, Michigan 48230, a United States citizen. Mr. Keys's present principal occupation is that of a Buyer for the Issuer and he also serves as a director of the Issuer. The principal business of the Issuer is that of operating speciality retail stores. During the last five years, Mr. Keys has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) nor been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction subjecting him 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 Substantially all of the Common Stock to which this Schedule 13D relate were acquired by Mr. Keys by operation of law, and were inherited by him from certain family members now deceased. Mr. Keys purchased 410 shares in open market transactions more than five years ago. ITEM 4.Purpose of Transaction Mr. Keys intends to hold all of the Common Stock to which this Schedule 13D relates for investment purposes. Mr. Keys intends to review on a continuing basis his investment in the Issuer and the Issuer's business and prospects. Mr. Keys is not currently considering the acquisition, directly or indirectly, of additional shares of Common Stock, but may consider disposing of some or al l of the shares of Common Stock to which this Schedule 13D relates from time to time in the future in order to diversify his investment portfolio. At present, Mr. Keys has no specific plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5.Interest in Securities of the Issuer (a) Mr. Keys owns of record and beneficially 129,902.5 shares of Common Stock. Based on the Issuer's representation that it had 1,544,462 shares of Common Stock issued and outstanding as of December 11, 1997, Mr. Keys may be deemed to be the beneficial owner of 8.4% of the Issuer's outstanding shares of Common Stock. (b) See the response to (a) above. (c) The only transactions in the Common Stock by Mr. Keys during the past 60 days were the sale of 600 shares of Common Stock on December 4, 1997 for an aggregate sales price of $5,575.02 (an average price of $9.2917 per share), in an open market transactions. (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. 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. /S/ RICHARD S. KEYS Richard S. Keys Dated: December 16, 1997 -----END PRIVACY-ENHANCED MESSAGE-----