SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________ SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 MIM Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.0001 par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 553044108 - -------------------------------------------------------------------------------- (CUSIP Number) ------------ - ----------------------- ------------------------ CUSIP NO. 553044108 13G PAGE 2 OF 4 PAGES --------- ----- ----- - ----------------------- ------------------------ - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Todd R. Palmieri - ------------------------------------------------------------------------------ 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 1,151,247 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 0 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 1,151,247 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 1,151,247 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 8.7% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ Page 3 of 4 Pages Item 1(a). Name of Issuer: MIM Corporation -------------------------------------------------------------------- Item 1(b). Address of Issuer's Principal Executive Offices: 1 Blue Hill Plaza, 15th Floor, P.O. Box 1670, Pearl River, -------------------------------------------------------------------- New York 10965-8670 -------------------------------------------------------------------- Item 2(a). Name of Person Filing: Todd R. Palmieri -------------------------------------------------------------------- Item 2(b). Address of Principal Business Office or, if None, Residence: MIM Corporation, P.O. Box 3689, Peace Dale, Rhode Island 02883 -------------------------------------------------------------------- Item 2(c). Citizenship: U.S.A. -------------------------------------------------------------------- Item 2(d). Title of Class of Securities: Common Stock, $.0001 par value per share -------------------------------------------------------------------- Item 2(e). CUSIP Number: 553044108 -------------------------------------------------------------------- Item 3. N/A Item 4. Ownership. If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire. (a) Amount beneficially owned: 1,151,247 shares -- including 955,500 of which there is a right to -------------------------------------------------------------------- acquire -------------------------------------------------------------------- (b) Percent of class: 8.7 % -------------------------------------------------------------------- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 1,151,247 ---------------------------- (ii) Shared power to vote or to direct the vote 0 -------------------------- (iii) Sole power to dispose or to direct the disposition of 1,151,247 -------------- (iv) Shared power to dispose or to direct the disposition of 0 ------------- Page 4 of 4 Pages 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 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 my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 10, 1997 ---------------------------------- (Date) /s/ Todd R. Palmieri ---------------------------------- (Signature) Todd R. Palmieri ---------------------------------- (Name/Title)