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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____________)*
MIM Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
553044108
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] 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).
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CUSIP NO.:553044108
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(1) NAME OF REPORTING PERSON: Michael R. Erlenbach
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(5) SOLE VOTING POWER:
2,050,713
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(6) SHARED VOTING POWER:
0
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(7) SOLE DISPOSITIVE POWER:
1,725,744
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(8) SHARED DISPOSITIVE POWER:
324,969 *
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* These shares are pledged to the issuer to secure contingent
obligations of the reporting person pursuant to an indemnification
agreement entered into by and among the issuer, the reporting person
and other persons in connection with the merger of the issuer and
Continental Managed Pharmacy Services, Inc.
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,050,713
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(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [ ]
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
11.65%
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(12) TYPE OF REPORTING PERSON:
IN
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(end of cover page)
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ITEM 1(a) NAME OF ISSUER: MIM Corporation
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One Blue Hill Plaza, 15th Floor
Pearl River, New York 10965
ITEM 2(a) NAME OF PERSON FILING:
Michael R. Erlenbach
ITEM 2(b) ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE:
6438 Huntington
Solon, Ohio 44139
ITEM 2(c) CITIZENSHIP:
United States
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) CUSIP NUMBER:
553044108
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS
240.13d-1(B) OR 240.13d-2(B) OR (C), CHECK WHETHER
THE PERSON FILING IS A:
(a) [ ] BROKER OR DEALER REGISTERED UNDER SECTION 15 OF THE
ACT.
(b) [ ] BANK AS DEFINED IN SECTION 3(a)(6) OF THE ACT.
(c) [ ] INSURANCE COMPANY AS DEFINED IN SECTION 3(a)(19) OF
THE ACT.
(d) [ ] INVESTMENT COMPANY REGISTERED UNDER SECTION 8 OF THE
INVESTMENT COMPANY ACT OF 1940.
(e) [ ] AN INVESTMENT ADVISER IN ACCORDANCE WITH SECTION
240.13d-1(b)(1)(ii)(E).
(f) [ ] AN EMPLOYEE BENEFIT PLAN OR ENDOWMENT FUND IN
ACCORDANCE WITH SECTION 240.13d-1(b)(1)(ii)(F).
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(g) [ ] A PARENT HOLDING COMPANY OR CONTROL PERSION, IN
ACCORDANCE WITH SECTION 240.13d-1(b)(1)(ii)(G).
(h) [ ] A SAVINGS ASSOCIATION AS DEFINED IN SECTION 3(b) OF
THE FEDERAL DEPOSIT INSURANCE ACT.
(i) [ ] A CHURCH PLAN THAT IS EXCLUDED FROM THE DEFINTION OF
AN INVESTMENT COMPANY UNDER SECTION 3(c)(14) OF THE
INVESTMENT COMPANY ACT OF 1940.
(j) [ ] GROUP, IN ACCORDANCE WITH SECTION
240.13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(c), CHECK THIS
BOX. [X]
ITEM 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED: See Item 9 of cover
page.
(b) PERCENT OF CLASS: See Item 11 of cover page.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
See Item 5 of cover page.
(ii) SHARED POWER TO VOTE OR TO DIRECT THE
VOTE:
See Item 6 of cover page.
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
See Item 7 of cover page.
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
See Item 8 of cover page.
ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS.
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER
PERSON.
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
Not Applicable.
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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
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.
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.
Date: September 3, 1998
/s/ Michael R. Erlenbach*
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Signature
Michael R. Erlenbach
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Name
*By: /s/ Glenn E. Morrical
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Attorney-in-Fact
Pursuant to power of attorney filed
herewith
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EXHIBIT INDEX
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Number Description of Document
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Exhibit 99 Power of Attorney
1
EXHIBIT 99
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POWER OF ATTORNEY
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The undersigned hereby appoints Robert B. Tomaro and Glenn E. Morrical
and each of them his true and lawful attorney, with full power of substitution
and resubstitution to affix for him and in his name, as attorney-in-fact his
signature to any Schedule 13G (or any amendment thereof) to be filed with the
Securities and Exchange Commission pursuant to the Securities Exchange Act of
1934 with respect to MIM Corporation.
/s/ Michael R. Erlenbach
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Signature
Michael R. Erlenbach
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Name
Date: 8/28/98