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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)*
MIM Corporation
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(Name of Issuer)
Common Stock $.0001 Par Value Per Share
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(Title of Class of Securities)
553 044-10-8
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(CUSIP Number)
Abba David Poliakoff, Esquire
Gordon, Feinblatt, Rothman, Hoffberger & Hollander, LLC
233 E. Redwood Street,
Baltimore, Maryland 21202
(410) 576-4067
Stephen Hamilton, Esquire
Skadden, Arps, Slate, Meagher & Flom, LLP
1440 New York Avenue N.W.
Washington, DC 20005-2107
(202) 371-7010
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 28, 2001
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(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 (e), 13d-1(f) or 13d-1(g), check the
following box |X|.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
* 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 disclosures provided in a prior cover page.
The information required on 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).
SCHEDULE 13D
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CUSIP NO. 553 044-10-8 PAGE 2 OF 5
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Livingston Group LLC* 52-2248950
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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NUMBER OF 7 SOLE VOTING POWER
SHARES 575,947
BENEFICIALLY ----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ----------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
575,947
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
575,947
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.7%
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14 TYPE OF REPORTING PERSON
OO
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* Livingston Group LLC is a Maryland limited liability company which acted as
the "Designated Seller" in a Purchase Agreement between the issuer and American
Disease Management Associates, L.L.C., and which acquired the shares referred to
above in that transaction. The members of Livingston Group, LLC are: John Chay,
Bruce Blake, Elizabeth Williams, Sal Rafanelli, George Brown and family
(David Brown, Christopher Brown, Kathy Noonan and Regina Brown).
SCHEDULE 13D
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CUSIP NO. 553 044-10-8 PAGE 3 OF 8
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John Chay
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 575,947*
BENEFICIALLY ----------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING ----------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
575,947*
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10 SHARED DISPOSITIVE POWER
----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
575,947
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.7%
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14 TYPE OF REPORTING PERSON
IN
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* Represents shares owned by Livingston Group, LLC, of which Mr. Chay is the
managing member and the controlling member of the entity by virtue of his
ownership of 50% of the membership interests of the entity.
SCHEDULE 13D
This Amendment No. 4 amends the Statement on Schedule 13D filed on May 16,
2001, and amended on June 8, 2001 and August 17, 2001 (as amended, the "Schedule
13D") by and on behalf of Livingston Group, LLC and John Chay (collectively the
"Reporting Person") in respect of the shares of common stock of MIM Corporation
(the "Issuer").
This Amendment No. 4 is being filed because the Reporting Person is no
longer subject to the filing requirements of Section 13(d) of the Securities
Exchange ct of 1934, as a result of the deposition of the Reporting Person's
Shares of Common Stock as set forth in Item 5 below.
Except as otherwise indicated, capitalized terms used herein and not
defined herein have the meanings ascribed thereto in the Schedule 13D filed on
May 16, 2001 (the "Initial Filing"). As used herein, the "Issuer" shall mean MIM
Corporation.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Initial Filing is hereby amended by deleting Item 5 in its
entirety and inserting the following in lieu thereof:
(a) As of the date hereof, the Reporting Person and John Chay own 575,947
Shares, or 2.7% of the issued and outstanding Common Stock. The percentages of
outstanding shares of Common Stock used in this Schedule 13D are calculated
based upon the 21,323,941 shares of Common Stock stated by the Issuer to be
issued and outstanding at August 2, 2001, as reflected in the Issuer's Quarterly
Report on Form 10-Q for the quarter ended June 30, 2001.
(b) The Reporting Person and John Chay have the shared power to vote or
direct the vote of, and shared power to dispose or direct the disposition of,
575,947 Shares of the Common Stock.
(c) During the sixty day period ended as of the date hereof, transactions
in the Common Stock effected by the Reporting Person are set forth below:
Date No. of Shares Sold Price per Share
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8/20/01 10,000 $10.00
8/21/01 25,000 $ 9.85
8/27/01 50,000 $10.06
8/28/01 832,000 $11.1566
The Shares were sold in "brokers' transactions" within the meaning of
Section 4(4) of the Securities Act of 1933, as amended (the "Act") pursuant to
Rule 144 under the Act.
(d) N/A
(e) As of the date of this report, the Reporting Person has ceased to be
the beneficial owner of more than five percent of the class of securities.
Page 4 of 5
SIGNATURES
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: August 30, 2001 THE LIVINGSTON GROUP LLC
By: /s/ John Chay
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John Chay, Managing Member
/s/ John Chay
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John Chay, individually
Page 5 of 5