-----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, HjoUjO/g5e2SqnOiy5dIKoCNc+hqaZJnJ9vrE9DHJavOSfJA51NFgY17IQ/DUzga oFAHYEg9Px+7Z5PqyMpzHA== 0000950168-98-000047.txt : 19980109 0000950168-98-000047.hdr.sgml : 19980109 ACCESSION NUMBER: 0000950168-98-000047 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19980108 SROS: NASD GROUP MEMBERS: M. ROLAND BRITT GROUP MEMBERS: MCM ACQUISITION CORP GROUP MEMBERS: MCM ACQUISITION CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MCM CORP CENTRAL INDEX KEY: 0000275710 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 561171691 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-17461 FILM NUMBER: 98503137 BUSINESS ADDRESS: STREET 1: 702 OBERLIN RD STREET 2: BOX 12317 CITY: RALEIGH STATE: NC ZIP: 27605 BUSINESS PHONE: 9198331600 MAIL ADDRESS: STREET 1: 702 OBERLIN ROAD STREET 2: P O BOX 12317 CITY: RALEIGH STATE: NC ZIP: 27605 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MCM ACQUISITION CORP CENTRAL INDEX KEY: 0001032041 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1005 WADE AVENUE CITY: RALEIGH STATE: NC ZIP: 27605 BUSINESS PHONE: 9197878837 MAIL ADDRESS: STREET 1: 1005 WADE AVENUE CITY: RALEIGH STATE: NC ZIP: 27605 SC 13D/A 1 MCM CORPORATION SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* McM CORPORATION (Name of Issuer) COMMON STOCK (Title of class of securities) 552674103 (CUSIP NUMBER) McM Acquisition Corporation M. Roland Britt 1005 Wade Avenue Raleigh, North Carolina 27605 Telephone No. 919-787-8837 (Name, address and telephone number of person authorized to receive notices and communications) Copy to: William S. Patterson Hunton & Williams Post Office Box 109 Raleigh, North Carolina 27602 December 23, 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 [ ]. Check the following box if a fee is being paid with this statement [ ]. Page 1 of 6 Pages - ------------------------ ------------------------- CUSIP NO. 552674103 13D PAGE 2 OF 6 PAGES - ------------------------ ------------------------- - --------------- ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS McM Acquisition Corporation - --------------- ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - --------------- ---------------------------------------------------------------- 3 SEC USE ONLY - --------------- ---------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 (option acquired in exchange for willingness to pursue acquisition) - --------------- ---------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - --------------- ---------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION North Carolina - --------------- ---------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES - 0 - -------- -------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY - 0 - -------- -------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING - 0 - -------- -------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER - 0 - - -------------------------------- -------- -------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 0 - - --------------- ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES* - --------------- ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) - 0 - - --------------- ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - --------------- ---------------------------------------------------------------- - --------------------------- ------------------------- CUSIP NO. 552674103 13D PAGE 3 OF 6 PAGES - --------------------------- ------------------------- - --------------- ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS M. Roland Britt - --------------- ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - --------------- ---------------------------------------------------------------- 3 SEC USE ONLY - --------------- ---------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 (option acquired in exchange for willingness to pursue acquisition) - --------------- ---------------------------------------------------------------- 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 States - --------------- ---------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 50 -------- -------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY - 0 - -------- -------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 50 -------- -------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER - 0 - - -------------------------------- -------- -------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50 - --------------- ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ] CERTAIN SHARES* - --------------- ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1% - --------------- ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------- ---------------------------------------------------------------- Amendment No. 1 amends and supplements the Statement on Schedule 13D filed on February 3, 1997 by McM Acquisition Corporation, a North Carolina corporation (the "Corporation") and M. Roland Britt with respect to the common stock of McM Corporation. The purpose of the amendment is to report that the Corporation has terminated its option to acquire shares of McM Corporation. Item 5. Interest in Securities of the Issuer. This item is amended to read as follows: (a) McM Acquisition Corporation owns no shares of common stock of McM Corporation. M. Roland Britt owns 50 shares of common stock of McM Corporation, constituting less than 1% of the shares outstanding. (b) M. Roland Britt has sole voting and dispositive power over 50 shares of common stock of McM Corporation. (c) See Item 6 below. (d) Not applicable. (e) December 23, 1997. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. This item is amended to add the following: Pursuant to an Agreement and Release dated as of November 26, 1997 between, among other parties, the Corporation and Wilmington Trust Company as Trustee of the McMillen Trust, the Agreement (including all amendments thereto, and including the Option) was terminated. The Agreement and Release was approved by the North Carolina Superior Court on December 23, 1997. The Exclusive Period granted to the Corporation by the Issuer pursuant to a letter agreement dated January 31, 1997 has expired. Item 7. Material to be Filed as Exhibits. Agreement and Release dated as of November 26, 1997. -4- SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: January 6, 1998 /s/ M. Roland Britt ------------------------------- M. Roland Britt McM Acquisition Corporation By: /s/ M. Roland Britt ----------------------------- Name: M. Roland Britt Title: President -5- EXHIBIT INDEX Exhibit 1 Agreement between McM Acquisition Corporation and M. Roland Britt concerning the filing of this form. Exhibit 2 Agreement and Release dated as of November 26, 1997 between David J. Robinson, Jesse Greenfield, Wilmington Trust Company as Trustee of the McMillen Trust, Wilmington Trust Company, Michael A. DiGregorio, George E. King, Stephen L. Stephano, R. Peyton Woodson, III, Claude G. Sanchez, Jr., Lawrence F. Lee, Jr. and Lawrence F. Lee, III. -6- EX-1 2 EXHIBIT 1 EXHIBIT 1 We, the undersigned, hereby express our agreement that the attached Schedule 13D is filed on behalf of each of the undersigned. Dated: January 6, 1998 /s/ M. Roland Britt --------------------------------- M. Roland Britt McM Acquisition Corporation By: /s/ M. Roland Britt --------------------------------- Name: M. Roland Britt Title: President EX-2 3 EXHIBIT 2 EXHIBIT 2 AGREEMENT AND RELEASE THIS AGREEMENT AND RELEASE (the "Release") is made as of November 26th, 1997 by and among the following parties, DAVID J. ROBINSON and JESSE GREENFIELD of Greensboro, North Carolina and Boulder, Colorado, respectively, the plaintiffs in the Civil Action; WILMINGTON TRUST COMPANY AS Trustee of the MCMILLEN TRUST ("McMillen Trust"), WILMINGTON TRUST COMPANY ("Wilmington Trust"), MICHAEL A. DIGREGORIO ("DiGregorio"), GEORGE E. KING, STEPHEN L. STEPHANO, R. PEYTON WOODSON, III, CLAUDE G. SANCHEZ, JR., LAWRENCE F. LEE, JR. and LAWRENCE F. LEE III, all defendants in the Civil Action (the "Company Defendants"); MCM ACQUISITION CORPORATION ("MAC"), a North Carolina corporation and named defendant in the Civil Action; and MCM CORPORATION, a North Carolina corporation in whose behalf the Civil Action is derivatively asserted by the named plaintiffs. PRELIMINARY STATEMENT The parties hereto constitute all of the parties in the Civil Action titled David J. Robinson, Jr. et al. v. McMillen Trust et al. (Civil Action No. 97CVS9042 - Guilford County Superior Court now assigned to Judge Ben F. Tennille) (the "Civil Action"). MAC and Wilmington Trust Company as Trustee of the McMillen Trust have agreed to the full cancellation and termination of the Agreement dated November 22, 1996, as amended by First Amendment dated January 24, 1997 (and subject to letter agreement dated January 31, 1997) between them (the "Agreement"), subject to the terms and the releases herein provided. -2- NOW, THEREFORE, in consideration of the mutual agreements and releases herein, the parties agree for themselves, successors and assigns as follows: 1. Full Cancellation and Termination of the Agreement. MAC and Wilmington Trust Company as Trustee of the McMillen Trust agree that the Agreement, including all amendments thereto, is hereby canceled and terminated and shall be of no further force and effect whatsoever. 2. Court Approval: Dismissal with Prejudice of the Civil Action as Against MAC. Upon full execution and delivery of this Release to MAC, the named plaintiffs, with full cooperation of all other parties hereto, will seek the Court's approval of this Release and the dismissal with prejudice of the Civil Action as against MAC, which dismissal shall be solely as to MAC and as to which the parties shall bear their own costs. 3. Releases of All Claim Relating to or Arising out of the Agreement. All parties hereto do hereby fully release and discharge MAC, and MAC does hereby fully release and discharge all parties hereto, from any and all claims, liabilities, costs and expenses of any kind and nature relating to or arising out of the Agreement, including without limitation, any claims, counter, cross or third party claims that might otherwise be assertable in the Civil Action and relating to or arising out of the Agreement, or its termination as provided herein, it being the agreement and intention of all parties that this Release end and terminate all matters and claims of any kind between MAC and all parties hereto relating to or arising out of the Agreement. Further, the McMillen Trust and MAC, as parties to the Agreement, Wilmington Trust, DiGregorio, and MAC do hereby fully release and discharge Robinson and Greenfield from any and all claims, liabilities, costs and expenses of any kind and nature relating to or arising out of the termination of the Agreement as provided herein, including without limitation, any claims, -3- counter, cross or third party claims that might otherwise be assertable in the Civil Action and relating to or arising out of the termination of the Agreement as provided herein. 4. Counterparts and Construction. This Release may be executed in counterparts and shall be construed in accordance with North Carolina law. IN WITNESS WHEREOF, the parties have duly executed this agreement as of the above date. /s/ David J. Robinson, Jr. --------------------------- McM Acquisition Corporation David J. Robinson, Jr. By: /s/ M. Roland Britt --------------------------------- /s/ Jesse Greenfield --------------------------- Wilmington Trust Company as Trust of Jesse Greenfield the McMillen Trust By: /s/ Michael A. DiGregorio --------------------------------- Wilmington Trust Company McM Corporation By: /s/ Cynthia Corliss By: /s/ George E. King --------------------------------- ------------------------ /s/ Michael A. DiGregorio /s/ George E. King - ------------------------------------- ---------------------------- Michael A. DiGregorio George E. King /s/ R. Peyton Woodson /s/ Stephen L. Stephano - ------------------------------------- ---------------------------- R. Peyton Woodson Stephen L. Stephano /s/ Claude G. Sanchez, Jr. - ------------------------------------- Claude G. Sanchez, Jr. /s/ Lawrence F. Lee, Jr. - ------------------------------------- Lawrence F. Lee, Jr. /s/ Lawrence F. Lee, III - ------------------------------------- Lawrence F. Lee, III -4- -----END PRIVACY-ENHANCED MESSAGE-----