-----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, H7PVIiQk9TR40pz9UTPKVJpJY/AoT1Ba6r7c/v+kgF+5UXrilBfjnYr41j9lh6OP KIEFhBzWMtdYelkHkWItOw== 0001019056-06-000414.txt : 20060412 0001019056-06-000414.hdr.sgml : 20060412 20060412154000 ACCESSION NUMBER: 0001019056-06-000414 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060412 DATE AS OF CHANGE: 20060412 GROUP MEMBERS: ELISE KALISCH GROUP MEMBERS: PAMELS CORP GROUP MEMBERS: STEPHEN A. SCHULMAN GROUP MEMBERS: STEVE KALISCH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SAGEMARK COMPANIES LTD CENTRAL INDEX KEY: 0000089041 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 131948169 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-39346 FILM NUMBER: 06755938 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS STREET 2: 35TH FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125544219 MAIL ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS STREET 2: 35TH FL CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED TECHNOLOGY GROUP LTD DATE OF NAME CHANGE: 19950525 FORMER COMPANY: FORMER CONFORMED NAME: SEQUENTIAL INFORMATION SYSTEMS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SEQUENTIAL ELECTRONIC SYSTEMS INC DATE OF NAME CHANGE: 19680822 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pamels Corp CENTRAL INDEX KEY: 0001358505 IRS NUMBER: 651134869 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2300 GLADES ROAD STREET 2: SUITE 100 W CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 561-447-9953 MAIL ADDRESS: STREET 1: 2300 GLADES ROAD STREET 2: SUITE 100 W CITY: BOCA RATON STATE: FL ZIP: 33431 SC 13D 1 pamels_13d.txt SCHEDULE 13-D ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 The Sagemark Companies Ltd. (Name of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) 78668E108 (CUSIP Number) Pamels Corp. Stephen A. Schulman, M.D., President 2300 Glades Road, Suite 100-W Boca Raton, Florida 33431 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) Copies to: The Sagemark Companies Ltd. 1285 Avenue of the Americas, 35th Floor New York, New York 10019 January 20, 2006 (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 statement because of Rule 13d-1(b)(3) or (4), check the following box: [ ] Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. 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 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). ================================================================================ - ----------------------- -------------------- CUSIP No. 78668E108 Page 2 of 8 - ----------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pamels Corp. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS See Item 3 on Page 6 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 402,892 shares of common stock BENEFICIALLY ---------------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING N/A PERSON WITH ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 402,892 shares of common stock ---------------------------------------------- 10 SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 402,892 shares of common stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - ----------------------- -------------------- CUSIP No. 78668E108 Page 3 of 8 - ----------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stephen A. Schulman SSN ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS See Item 3 on Page 6 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida/USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY ---------------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH ---------------------------------------------- 9 SOLE DISPOSITIVE POWER ---------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - ----------------------- -------------------- CUSIP No. 78668E108 Page 4 of 8 - ----------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Steve Kalisch SSN ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS See Item 3 on Page 6 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Indiana/USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY ---------------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH ---------------------------------------------- 9 SOLE DISPOSITIVE POWER ---------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - ----------------------- -------------------- CUSIP No. 78668E108 Page 5 of 8 - ----------------------- -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Elise Kalisch SSN ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS See Item 3 on Page 6 - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Indiana/USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY ---------------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH ---------------------------------------------- 9 SOLE DISPOSITIVE POWER ---------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER This statement relates to the common stock, $0.01 par value, of The Sagemark Companies Ltd, a New York corporation. The address of the Issuer's principal office is 1285 Avenue of the Americas, 35th Floor, New York, New York 10019. ITEM 2. IDENTITY AND BACKGROUND This Schedule 13D is being filed by Pamels Corp., a Florida corporation, whose principal place of business is 2300 Glades Road, Suite 100-W, Boca Raton, Florida 33431 and also by Stephen A. Schulman, his daughter Elise Kalisch and her husband, Steve Kalisch. Stephen A. Schulman is the President, sole director and majority shareholder of the Reporting Person, owning 90% of its capital stock. Elise Kalisch and Steve Kalisch each own 5% of the Reporting Person's capital stock and do not serve in any officer or directorship capacity of the Reporting Person. Stephen A. Schulman is a medical doctor and a member of the Board of Directors of the Issuer and Chairman of the Board of Premier P.E.T. Imaging International, Inc., a wholly owned subsidiary of the Issuer. In addition, Dr. Schulman is the Chief Executive Officer and controlling shareholder of Premier Health Services, Inc, a privately held company that operates multi-modality outpatient medical diagnostic imaging centers. Dr. Schulman's principal place of business is 2300 Glades Road, Suite 100-W, Boca Raton, Florida 33431. Dr. Schulman is a resident of Florida and a citizen of the United States. Elise Kalish is a homemaker. She is a resident of Indiana, and a citizen of the United States, with a home address of 1904 Cheyenne Circle, Valparaiso, Indiana 46383. Steve Kalish is the President of Business Development for Premier Health Services, Inc. with an office at 664 North Wells Street, Chicago, Illinois 60610. Mr. Kalisch is a resident of Indiana, and a citizen of the United States, with a home address of 1904 Cheyenne Circle, Valparaiso, Indiana 46383. During the last five years, none of the Reporting Persons have (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The Reporting Person acquired 402,892 shares of common stock of the Issuer pursuant to the following transactions: SHARES FUNDS OR OTHER CONSIDERATION 2,892 Acquired by Pamels Corp. in May 2001 pursuant to a Stock Purchase Agreement dated as of May 14, 2001, as amended, by and among the Issuer, Pamels Corp., John M. Donaldson Revocable Trust, Tara Capital, Inc., Bocara Corporation, Mercury Capital Corp., Premier P.E.T. Imaging International, Inc. and Premier Cyclotron International Corp. in consideration of and in exchange for shares of common stock of Premier P.E.T. Imaging International, Inc. and Premier Cyclotron International Corp. owned by Pamels Corp. 400,000 Acquired by Pamels Corp. in June 2004 pursuant to an earn-out provision of a Stock Purchase Agreement dated as of May 14, 2001, as amended, by and among the Issuer, Pamels Corp., John M. Donaldson Revocable Trust, Tara Capital, Inc., Bocara Corporation, Mercury Capital Corp., Premier P.E.T. Imaging International, Inc. and Premier Cyclotron International Corp. in consideration of and in exchange for shares of common stock of Premier P.E.T. Imaging International, Inc. and Premier Cyclotron International Corp. owned by Pamels Corp. - ------- 402,892 TOTAL Page 6 of 8 ITEM 4. PURPOSE OF TRANSACTION The shares of common stock of the Issuer are held by the Reporting Person solely for investment purposes. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The Reporting Person received an aggregate of 402,892 shares of common stock of the Issuer pursuant to a Stock Purchase Agreement dated as of May 14, 2001, as amended, by and among the Issuer, Pamels Corp., John M. Donaldson Revocable Trust, Tara Capital, Inc., Bocara Corporation, Mercury Capital Corp., Premier P.E.T. Imaging International, Inc. and Premier Cyclotron International Corp. in consideration of and in exchange for shares of common stock of Premier P.E.T. Imaging International, Inc. and Premier Cyclotron International Corp. owned by Pamels Corp. (b) Stephen A Schulman owns 90% of the capital stock of the Reporting Person. His daughter, Elise Kalisch owns 5% of such capital stock and her husband, Steve Kalisch owns the remaining 5% of such capital stock. Although Dr. Schulman disclaims beneficial ownership of the capital stock of the Reporting Person in the name of his daughter and her husband, as the sole officer and director and the majority shareholder of the Reporting Person, Dr. Schulman controls the decision making process of the entity and directs the voting rights of the Reporting Person. (c) None (d) None (e) N/A ITEM 6. CONTRACTS, ARRANGEMENT, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None Page 7 of 8 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 13D is true, complete and correct. Dated: April 12, 2006 PAMELS CORP. By: /s/ STEPHEN A. SCHULMAN ------------------------------------- Stephen A. Schulman President /s/ STEVE KALISCH ----------------------------------------- Steve Kalisch /s/ ELISE KALISCH ----------------------------------------- Elise Kalisch Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----