UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
APAC Customer Services, Inc.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
00185E106
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(CUSIP Number)
Howard Friedman, Esq.
6745 N. Kilpatrick, Lincolnwood, IL 60712
847-983-4950
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 06, 2008
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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 that 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. [ ]
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 ("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).
CUSIP No. 00185E106
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Individual Retirement Accounts for the benefit of
Ronald L. Chez and Ronald L. Chez Individually
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) N/A
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6. Citizenship or Place of Organization
United States of America
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 2,861,092
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8. Shared Voting Power -0-
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9. Sole Dispositive Power 2,861,092
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10. Shared Dispositive Power -0-
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11. Aggregate Amount Beneficially Owned by
Each Reporting Person 2,861,092
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) N/A
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13. Percent of Class Represented by Amount in Row (11) 5.6969%
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14. Type of Reporting Person (See Instructions)
IN
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CUSIP No. 00185E106
Pursuant to Rule 13d-1 of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned Ronald L. Chez (the "Reporting Person") hereby files this
Schedule 13D.
Item 1. Security and Issuer.
This statement relates to the Common Stock, $.01 Par Value (the
"Stock") of APAC Customer Services, Inc., Six Parkway North, Deerfield, IL
60015.
Item 2. Identity and Background.
(a), (b), (c)
The Reporting Person is an individual whose principal occupation is an
investor and his business address is in Chicago, IL.
(d) The Reporting Person has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) The Reporting Person has not, during the last five years, 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.
(f) The Reporting Person is a citizen of the United States of America.
Item 3. Source and amount of Funds or other Consideration.
The source and amount of funds used by the Reporting Person to purchase
shares of the Stock that require the filing of this Schedule 13D are personal
funds including amounts held by individual retirement accounts for the benefit
of the Reporting Person.
Item 4. Purposes of Transaction.
The shares of the Stock of the Issuer to which this statement relates
have been acquired by the Reporting Person for investment purposes. The
Reporting Person believes that the Issuer has made initial progress with respect
to improving its operations and positioning Issuer in further establishing
itself in the customer services market. It is possible that at a future date the
Reporting Person might decide to seek a more active role in management, offer
suggestions regarding strategy and/or to sell shares of the Stock or to acquire
additional shares of the Stock through open market or privately negotiated
transactions. Any such future decisions will be made by the Reporting Person in
light of the then current financial conditions, operations and prospects of the
Issuer, the market value of the Stock, the financial condition of the Reporting
Persona and other relevant factors. The Reporting Person plans to strongly
recommend to the Issuer that specific meaningful standards be established with
respect to senior management and director stock ownership; i.e. the actual
purchase of shares to further assure the alignment of management and directors
with shareholders. Except as noted above, the Reporting Person has not
formulated any plans or proposals which relate to or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer:
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) Any change in the present board of directors or to fill any
existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure including but not limited to, if the Issuer is registered closed-end
investment company, any plans or proposals to make any changes in its investment
policy for which a vote is required by Section 13 of the Investment Company Act
of 1940;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person;
CUSIP No. 00185E106
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12 (g) (4) of the Act; or
(j) Any action similar to any of those enumerated above.
However, the Reporting Person may at some future date propose
any of the foregoing changes or actions which he hereafter considers desirable
in light of his examination of the Issuer and its assets and operations, future
prospects and of the circumstances prevailing at the time.
Item 5. Interest in the Securities of the Issuer.
(a) The aggregate number of Shares of the Stock owned beneficially by
the Reporting Person is 2,861,092 (the "Shares") constituting approximately
5.6969% of the outstanding shares of the Stock. The percentages in this Item
5(a) are based on 50,222,000 shares of the Stock Outstanding, as reported in the
Issuer's Form 8K filed on May 5, 2008.
(b) The Reporting Person has the sole power (and no shared power) to
vote or dispose of or direct the disposition of Shares owned by such Reporting
Person.
(c) Except as described immediately below (and as set forth in Exhibit
A hereto), the Reporting Person has not effected any transaction in shares of
the Stock during the 61 days prior to and including May 6, 2008 (and including
Stock purchased by Reporting Person on May 7, 8, 12 and 13, 2008). The Reporting
Person purchased such Shares of Stock all in the open market as follows:
Please see Exhibit A hereto entitled: Exhibit A to Schedule 13D Issuer
APAC Customer Services, Inc., Reporting Person Ronald L. Chez.
All purchases were made in the open market. The Reporting Person had
previously owned 2,101,630 shares of Stock, all acquired in the open market at
various prices more than 61 days prior to and including May 6, 2008 and
purchases on May 7, 8, 12 and 13, 2008.
(d) No person other than the Reporting Person has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from the
sale of, the Shares owned by such Reporting Person.
(e) It is inapplicable, for purposes of this statement, to state the
date on which the Reporting Person ceased to be the owner of more than 5% of the
Shares of the Stock of the Issuer.
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to
Securities of the issuer.
None
Item 7. Material to be Filed as Exhibits.
Exhibit A is schedule of Shares of Stock purchased by the Reporting
Person within the 61 days prior to and including May 6, 2008 and shares
purchased May 7, 8, 12 and 13, 2008.
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.
Dated: May 14, 2008 /s/ Ronald L. Chez.
Exhibit A to Schedule 13D
Ronald L. Chez, Reporting Person
Re: APAC Customer Services, Inc.
PURCHASE NO. OF APPROXIMATE TOTAL
DATE SHARES COST COST including
PER SHARE Commission
3/7/2008 6,000 0.85 $ 5,160.00
3/11/2008 5,800 0.8800 5,166.00
3/12/2008 14,400 0.8790 12,777.60
3/14/2008 3,625 0.88402 3,255.00
3/18/2008 10,000 0.8394 8,494.00
3/19/2008 2,400 0.8463 2,055.00
3/20/2008 10,000 0.8489 8,651.01
3/24/2008 9,000 0.8033 7,320.00
3/24/2008 1,199 0.7700 959.21
3/25/2008 5,000 0.7300 3,762.00
3/25/2008 11,037 0.7434 8,305.00
3/26/2008 5,856 0.7662 4,557.43
3/27/2008 2,800 0.8400 2,414.02
3/28/2008 17,500 0.8240 14,642.00
3/28/2008 5,300 0.824 4,473.00
3/31/2008 3,015 0.8551 2,690.13
4/1/2008 10,052 0.8366 8,546.50
4/2/2008 4,000 0.8482 3,504.80
4/3/2008 8,000 0.7950 6,472.00
4/3/2008 10,000 0.77 7,820.00
4/4/2008 20,100 0.8196 16,687.97
4/7/2008 5,000 0.7700 3,912.00
4/9/2008 5,000 0.7600 3,862.00
4/11/2008 5,000 0.7500 3,862.00
4/16/2008 600 0.7500 462.00
4/17/2008 65,800 0.7976 53,140.00
4/17/2008 2,000 0.8400 1,792.00
4/21/2008 10,000 0.7720 7,882.00
4/24/2008 7,300 0.7959 5,883.00
4/24/2008 4,000 0.7900 3,222.00
4/25/2008 1,665 0.7618 1,280.40
4/28/2008 7,000 0.8200 5,852.00
4/29/2008 22,500 0.8988 20,572.50
4/30/2008 6,000 0.965 5,910.00
4/30/2008 11,000 0.9639 10,779.90
5/2/2008 8,000 1.0412 8,466.60
5/5/2008 12,958 1.0289 13,538.49
5/5/2008 8,000 1.0509 8,487.00
5/6/2008 74,800 1.1018 83,177.18
5/6/2008 2,700 1.0781 2,695.00
5/7/2008 83,890 1.1070 93,719.23
5/8/2008 39,104 1.1420 45,062.58
5/8/2008 8,000 1.109 9,112.00
5/9/2008 51,600 1.1680 60,844.32
5/12/2008 73,461 1.1754 87,092.13
5/12/2008 5,000 1.16 5,900.00
5/13/2008 10,000 1.165 11,750.00
5/13/2008 64,000 1.1631 75,075.20