-----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, TkVXvtRe63GClvCKuuqov7zTqa6ECmT42fFsNPqZ+UXP/5POquXdXlhydzS3epY4 zyZZqVEv6muidPN/DmLMqA== 0001032210-97-000132.txt : 19971001 0001032210-97-000132.hdr.sgml : 19971001 ACCESSION NUMBER: 0001032210-97-000132 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970930 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ROSES HOLDINGS INC CENTRAL INDEX KEY: 0000085149 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 560382475 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-33553 FILM NUMBER: 97688285 BUSINESS ADDRESS: STREET 1: PO DRAWER 947 STREET 2: 218 S GARNETT ST CITY: HENDERSON STATE: NC ZIP: 27536 BUSINESS PHONE: 9194302600 FORMER COMPANY: FORMER CONFORMED NAME: ROSES STORES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MAY EARLE C CENTRAL INDEX KEY: 0001046931 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: PO BOX 1629 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 BUSINESS PHONE: 5036358844 MAIL ADDRESS: STREET 1: PO BOX 1629 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13-G Under the Securities Exchange Act of 1934 (Amendment No. ) Rose's Stores, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 777764-30-9 (CUSIP Number) *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 and 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 - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON May Management, Inc. 93-0577520 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Oregon - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 100,595 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 100,595 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,330,375 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,430,970 shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 16.7% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 BD - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! 13G - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Earle C. May - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 U.S.A. - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 104,595 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 104,595 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 1,330,375 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,434,970 shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 16.7% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! SECURITIES AND EXCHANGE COMMISSION SCHEDULE 13-G Item 1(a) Name of Issuer: Rose's Stores, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 218 South Garnett Street Henderson, NC 27536 Item 2(a) Name of Person Filing: May Management, Inc. Earle C. May Item 2(b) Address of Principal Business Office: 4550 Kruse Way, Suite 345 Lake Oswego, OR 97035 Item 2(c) Citizenship: Oregon Items 2(d)Title and Class of Securities: Common Stock Item 2(e) CUSIP: 777764-30-9 Item 3. If this statement is filed pursuant to Rule 13d-1(b) or, 13d-2(b), check whether the person filing is a: [X] Broker or Dealer registered under Section 15 of the Act. [X] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4. Ownership: By virtue of his ownership and control of May Management, Inc., Earle C. May may be deemed to be the beneficial owner of all shares of Rose's Stores, Inc. (the "Company") common stock beneficially owned by May Management, Inc. May Management, Inc. may be deemed to be the beneficial owner of all shares of the Company's common stock held in customer accounts managed by it because it has shared dispositive power with respect to such shares. Set forth below is information with respect to (a) the share holdings of customers of May Management, Inc., (b) the share holdings of May Management, Inc. and (c) the share holdings of Earle C. May. (a) The shares of Company common stock listed below were held as of July 30, 1997 by customers of May Management, Inc. in accounts managed by May Management, Inc.: (A) Amount beneficially owned: 1,330,375 (B) Percent of class: 16.7% (C) Number of shares as to which May Management, Inc. and Earle C. May have: (1) sole power to vote or direct to vote: 0 (2) shared power to vote or direct to vote: 0 (3) sole power to dispose of or direct disposition of: 0 (4) shared power to dispose or direct disposition of: 1,330,375 (b) The Shares listed below were held as of July 30, 1997 by May Management, Inc. for its own account: (A) Amount beneficially owned: 100,595 shares (B) Percent of class: 1.2% (C) Number of shares as to which such person has: (1) sole power to vote or direct to vote: 100,595 (2) shared power to vote or direct to vote: 0 (3) sole power to dispose of or direct disposition of: 100,595 (4) shared power to dispose or direct disposition of: 0 (c) The Shares listed below were held as of July 30, 1997 by Earle C. May for his own account: (A) Amount beneficially owned: 4,000 shares (B) Percent of class: (C) Number of shares as to which such person has: (1) sole power to vote or direct to vote: 4,000 (2) shared power to vote or direct to vote: 0 (3) sole power to dispose of or direct disposition of: 4,000 (4) shared power to dispose or direct disposition of: 0 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. The customers of May Management, Inc. have the power to direct the sale of the shares held in their accounts and the proceeds of such sales. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported On By the Parent Holding Company. Not Applicable 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 I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. DATED: September 25, 1997 /s/ Earle C. May ----------------------------- Earle C. May MAY MANAGEMENT, INC. By:/s/ Earle C. May ----------------------------- Earle C. May, President -----END PRIVACY-ENHANCED MESSAGE-----