1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* MIM Corporation ----------------------------------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------------------------------- (Title of Class of Securities) 553044108 ----------------------------------------------------------------------------- (Cusip Number) December 9, 1998 ----------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) 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). 2 SCHEDULE 13G CUSIP NO. 553044108 PAGE 2 OF 6 PAGES
Page 2 of 6- ----------------------------------------------------------------------------------------------------------- | 1 | NAME OF REPORTING PERSON: THOMAS H. ROULSTON | | | | | | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: | | | | |-----|---------------------------------------------------------------------------------------------------| | 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 | | 105,811 | | |-------|-----------------------------------------------------------------| | BENEFICIALLY | 6 | SHARED VOTING POWER: | | | | | | OWNED BY | | 52,841 | | |-------|-----------------------------------------------------------------| | EACH | 7 | SOLE DISPOSITIVE POWER: | | | | | | REPORTING | | 105,811 | | |-------|-----------------------------------------------------------------| | PERSON | 8 | SHARED DISPOSITIVE POWER: | | | | | | WITH | | 52,841 | - ----------------------------------------------------------------------------------------------------------- | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | | | | | | 158,652 | |-----|---------------------------------------------------------------------------------------------------| | 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | | SHARES: [ ] | | | ----- | |-----|---------------------------------------------------------------------------------------------------| | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | | | | | | 0.9% | |-----|---------------------------------------------------------------------------------------------------| | 12 | TYPE OF REPORTING PERSON: | | | | | | IN | - ----------------------------------------------------------------------------------------------------------- 3 SCHEDULE 13G CUSIP NO. 553044108 PAGE 3 OF 6 PAGES
(end of cover page) Page 3 of 6- ----------------------------------------------------------------------------------------------------------- | 1 | NAME OF REPORTING PERSON: SCOTT D. ROULSTON | | | | | | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: | | | | |-----|---------------------------------------------------------------------------------------------------| | 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 | | 4,480 | | |-------|-----------------------------------------------------------------| | BENEFICIALLY | 6 | SHARED VOTING POWER: | | | | | | OWNED BY | | 52,841 | | |-------|-----------------------------------------------------------------| | EACH | 7 | SOLE DISPOSITIVE POWER: | | | | | | REPORTING | | 4,480 | | |-------|-----------------------------------------------------------------| | PERSON | 8 | SHARED DISPOSITIVE POWER: | | | | | | WITH | | 52,841 | - ----------------------------------------------------------------------------------------------------------| | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | | | | | | 57,321 | |-----|---------------------------------------------------------------------------------------------------| | 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | | | SHARES: [ ] | | | ----- | |-----|---------------------------------------------------------------------------------------------------| | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | | | | | | 0.3% | |-----|---------------------------------------------------------------------------------------------------| | 12 | TYPE OF REPORTING PERSON: | | | | | | IN | - ----------------------------------------------------------------------------------------------------------- 4 ITEM 1 (a). NAME OF ISSUER: MIM Corporation - ----------------------------------------------------------------------------- ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 100 Clearbrook Road Elmsford, New York 10523 - ----------------------------------------------------------------------------- ITEM 2 (a). NAME OF PERSONS FILING: Thomas H. Roulston II and Scott D. Roulston - ----------------------------------------------------------------------------- ITEM 2 (b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE: 4000 Chester Avenue Cleveland, OH 44103 - ----------------------------------------------------------------------------- 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)(ii)(F). (g) [ ] A PARENT HOLDING COMPANY OR CONTROL PERSON, 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 DEFINITION 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) Page 4 of 6 5 ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following............................................ [x] 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. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not Applicable. Page 5 of 6
ITEM 4. OWNERSHIP: (a) AMOUNT BENEFICIALLY OWNED: 163,132 (b) PERCENT OF CLASS: 0.9% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 110,291 (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: 52,841 (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 110,291 (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 52,841 6 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 purposes 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: December 30, 1998 /s/ Thomas H. Roulston --------------------------------------- Signature Thomas H. Roulston --------------------------------------- Name /s/ Scott D. Roulston --------------------------------------- Signature Scott D. Roulston --------------------------------------- Name Page 6 of 6