-----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, WksxNAwXg1CQK7TL2cLaXLcbg68Td7LnA63ZrsGj2/R4v6nqpyxyoNhRVukaFy1b MR13xSpW/Ta4PmafQDPCfA== 0000906344-98-000019.txt : 19980218 0000906344-98-000019.hdr.sgml : 19980218 ACCESSION NUMBER: 0000906344-98-000019 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LADD FURNITURE INC CENTRAL INDEX KEY: 0000721669 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] IRS NUMBER: 561311320 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-34943 FILM NUMBER: 98542766 BUSINESS ADDRESS: STREET 1: ONE PLZ CTR STREET 2: POST OFFICE BOX HP 3 CITY: HIGH POINT STATE: NC ZIP: 27261-1500 BUSINESS PHONE: 9108890333 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOWARD RICE NEMEROVSKI CANADY FALK & RABKIN CENTRAL INDEX KEY: 0000906344 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3 EMBARCADERO CTR 7TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111-4065 BUSINESS PHONE: 4154341600 FORMER COMPANY: FORMER CONFORMED NAME: HOWARD RICE NEMEROVSKI CANADY ROBERTSON & FALK DATE OF NAME CHANGE: 19930601 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 LADD FURNITURE (Name of Issuer) Common Stock (Title of Class of Securities) 50573920 (CUSIP Number) December 31, 1997 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] 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). CUSIP No. 50573920 SCHEDULE 13G Page 2 of 6 1 Name Of Reporting Person VERISSIMO RESEARCH & MANAGEMENT, INC. IRS Identification No. Of Above Person 2 Check The Appropriate Box If A Member Of A Group (a) [ ] N/A (b) [ ] 3 SEC USE ONLY 4 Citizenship Or Place Of Organization California, United States 5 Sole Voting Power 410,000 NUMBER OF SHARES 6 Shared Voting Power BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH 7 Sole Dispositive Power 410,000 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned By Each Reporting Person 410,000 10 Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares* [ ] 11 Percent Of Class Represented By Amount In Row 9 5.28% 12 Type Of Reporting Person* IA CUSIP No. 50573920 SCHEDULE 13G Page 3 of 6 1 Name Of Reporting Person RONALD S. SLOAN IRS Identification No. Of Above Person 2 Check The Appropriate Box If A Member Of A Group (a) [ ] N/A (b) [ ] 3 SEC USE ONLY 4 Citizenship Or Place Of Organization United States 5 Sole Voting Power -0- NUMBER OF SHARES 6 Shared Voting Power BENEFICIALLY OWNED BY EACH 410,000 REPORTING PERSON WITH 7 Sole Dispositive Power -0- 8 Shared Dispositive Power 410,000 9 Aggregate Amount Beneficially Owned By Each Reporting Person 410,000 10 Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares* [ ] 11 Percent Of Class Represented By Amount In Row 9 5.28% 12 Type Of Reporting Person* IN CUSIP No. 50573920 13G Page 4 of 6 Pages Item 1(a). Name of Issuer. Ladd Furniture (the "Issuer"). Item 1(b). Address of Issuer's Principal Executive Offices. One Plaza Center-Box HP3 High Point, NC 27261-1500 Item 2(a). Names of Persons Filing. Verissimo Research & Management, Inc. ("Verissimo"), Ronald S. Sloan. Item 2(b). Address of Principal Business Office or, if none, Residence. The business address of Verissimo and Ronald S. Sloan is 775 Baywood Drive, #314, Petaluma, CA 94954. Item 2(c). Citizenship. Verissimo is a California corporation and Ronald S. Sloan is a citizen of the United States. Item 2(d). Title of Class of Securities. Common Stock ("Common Stock"). Item 2(e). CUSIP Number. 50573920 Item 3. Type of Reporting Person. Verissimo is an investment advisor registered under Section 203 of the Investment Advisers Act of 1940. Ronald S. Sloan is its president and its sole shareholder. CUSIP No. 50573920 13G Page 5 of 6 Pages Item 4. Ownership. Reference is hereby made to Items 5-9 and 11 of the cover pages to this Schedule 13G, which Items are incorporated by reference herein. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Verissimo is deemed to be the beneficial owner of the securities listed in Items 5-9 and 11 of page 2 of this Schedule 13G pursuant to separate arrangements whereby it acts as investment advisor to certain persons. Each person for whom Verissimo acts as investment advisor has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock purchased or held pursuant to such arrangements. Ronald S. Sloan may be deemed to be the beneficial owner of the number of securities reflected in Items 5-9 and 11 of page three (3) of this Schedule 13G due to his positions as the President of, and his ownership position in, Verissimo. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. See Item 4 above. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below, each of the undersigned certifies that, to the best of his knowledge and belief, the securities referred to above were acquired and are held in CUSIP No. 50573920 13G Page 6 of 6 Pages the ordinary course of business and 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 purpose or effect. Signatures After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. VERISSIMO RESEARCH & MANAGEMENT, INC. By: /s/ Ronald S. Sloan ________________________________ Title: President DATED: February 13, 1998 /s/ Ronald S. Sloan _____________________________________ RONALD S. SLOAN DATED: February 13, 1998 -----END PRIVACY-ENHANCED MESSAGE-----