-----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, QKCy6LUmbHIEulIUQP5YbAj/xQLDDZPelAv5GaQD6gVTybm02y8ta1Rcu+U3oJzW GnKHKGLuAfMw3YT/AaXWiw== 0000950144-97-001298.txt : 19970222 0000950144-97-001298.hdr.sgml : 19970222 ACCESSION NUMBER: 0000950144-97-001298 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: CSX SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SERVICE MERCHANDISE CO INC CENTRAL INDEX KEY: 0000089107 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISC GENERAL MERCHANDISE STORES [5399] IRS NUMBER: 620816060 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-11047 FILM NUMBER: 97531051 BUSINESS ADDRESS: STREET 1: 7100 SERVICE MERCHANDISE DR CITY: BRENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 6156606000 MAIL ADDRESS: STREET 1: PO BOX 24600 CITY: NASHVILLE STATE: TN ZIP: 37202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZIMMERMAN RAYMOND CENTRAL INDEX KEY: 0000918909 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 7100 SERVICE MDSE DRIVE CITY: BRENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 6156606000 MAIL ADDRESS: STREET 1: 7100 SERVICE MDSE DRIVE CITY: BRENTWOOD STATE: TN ZIP: 37027 SC 13G/A 1 SERVICE MERCHANDISE FORM SC 13G/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 8)* Service Merchandise Company, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.50 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 817 587 108 ----------------------------------------------------- (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 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). (Continued on following(s)) Page 1 of 5 Pages 2 CUSIP No. 817 587 108 13G/A Page 2 of 5 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON Raymond Zimmerman - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 6,689,338 --------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 566,280 --------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 6,689,338 --------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 566,280 - ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,255,618 - ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* X - ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.3% - ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! 3 Page 3 of 5 Pages SCHEDULE 13G/A Description ----------- Item 1(a). Name of Issuer: Service Merchandise Company, Inc. Item 1(b). Address of Issuer's 7100 Service Merchandise Drive Principal Executive Brentwood, TN 37027 Offices: Item 2(a). Name of Person Filing: Raymond Zimmerman Item 2(b). Address of Principal 7100 Service Merchandise Drive Business Office: Brentwood, TN 37027 Item 2(c). Citizenship: United States Item 2(d). Title of Class Common stock, par value $.50 per of Securities: share (the "Shares") Item 2(e). CUSIP Number: 817 587 108 Item 3. This statement is not filed pursuant to either Rule 13d-1(b) or Rule 13d-2(b). Item 4. Ownership: This Schedule 13G/A is filed to reflect ownership as a percentage of total number of outstanding shares as of December 31, 1996. (a) Total Shares of Common Stock Beneficially Owned: 5,186,705 (1)(2) 1,502,633 (3) 566,280 (4) ------- 7,255,618 (b) Percent of Class: 7.3% (c) Sole Voting Power: 6,689,338(5) (d) Sharing Voting Power: 566,280 (e) Sole Power to Dispose: 6,689,338(5) (f) Shared Power to Dispose: 566,280 4 Page 4 of 5 Pages - ------------------- (1) Includes currently exercisable options to purchase 691,875 Shares and 16,261 Shares held by the trustee under the Service Merchandise Savings and Investment Plan. Does not include Shares referred to in notes (3) or (4). (2) In 1990, The Service Merchandise Foundation, a private charitable foundation (the "Foundation"), was formed, and thereafter, the Internal Revenue Service approved the Foundation's application for tax-exempt status. As a charitable contribution, on October 15, 1990, the Company granted the Foundation an option to purchase 1,875,000 Shares at $2.20 per Share, the market price at that time. The option is exercisable in whole or in part from the date of its grant until October 15, 2000. Under applicable Internal Revenue Service rulings, the stock option may not be exercised directly by the Foundation. The Foundation may sell all or a part of the option to other not-for-profit third parties which may then in turn exercise the option directly. The Trustee of the Foundation is Raymond Zimmerman, and the members of the Trust Committee (the "Committee") administering the Foundation are Raymond Zimmerman, Harold Roitenberg and Joel Gordon, who may be deemed to control the disposition of the option by virtue of their power to decide to whom to sell such options. Each of the members of the Committee disclaims beneficial ownership of the Shares issuable upon exercises of the option, and Shares subject to the option are not included in the indicated number of Shares beneficially owned by Raymond Zimmerman. (3) Represents 1,045,696 Shares owned of record by Raymond Zimmerman as trustee for five nieces and 456,967 Shares as to which Mr. Zimmerman is the trustee under the Will of Mary K. Zimmerman. (4) Represents 405,000 Shares owned of record by the Raymond Zimmerman Family Foundation and 161,280 Shares owned of record by the Zimmerman Foundation. (5) Includes currently exercisable options to purchase 691,875 Shares. - ------------------- 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: Not applicable. Certain persons other than Raymond Zimmerman have the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of 2,068,943 Shares, but no such other person's interest related to more than 5% of the Shares outstanding as of December 31, 1996. 5 Page 5 of 5 Pages 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: Not applicable. SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of the undersigned, I certify that the information set forth in this statement is true, complete and correct as of this 11th day of February, 1997. /s/ Raymond Zimmerman --------------------------------------- Raymond Zimmerman, Chairman of the Board and Chief Executive Officer, Service Merchandise Company, Inc. -----END PRIVACY-ENHANCED MESSAGE-----