SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
E COM VENTURES, INC.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of class of securities)
26830k 20 5
(CUSIP Number)
Geoffrey Etherington, Esq.
Edwards & Angell, LLP
750 Lexington Avenue
New York, NY 10022
(212) 756-0237
(Name, Address, and Telephone Number of person
authorized to receive notices and communications)
June 10, 2003
(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 (b)(3) or (4), check the following box: [__].
*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 (the "Exchange Act") or otherwise subject to the liabilities of that
section of the Exchange Act but shall be subject to all other provisions of the
Exchange Act (however, see the Notes).
CUSIP No. 26830k 20 5 Schedule 13D Page 2 of 5
1. Name of Reporting Person / I.R.S. Identification No. of Above Person
Glenn H. Nussdorf
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds
PF
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
United States citizen
Number of 7. Sole Voting Power 266,990
Shares
Beneficially
Owned By 8. Shared Voting Power None
Each
Reporting
Person With 9. Sole Dispositive Power 266,990
10. Shared Dispositive Power None
11. Aggregate Amount Beneficially Owned by Each Reporting Person
266,990
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
13. Percent of Class Represented by Amount in Row (11)
10.78%
14. Type of Reporting Person
IN
CUSIP No. 26830k 20 5 Schedule 13D Page 3 of 4
Item 1. Security and Issuer
This Statement relates to the Common Stock, par value $0.01 per share, of the
Issuer. The Issuer's principal executive offices are located at 11701 NW 101st
Road, Miami, FL 33178.
Item 2. Identity and Background
This statement is being filed by Glenn H. Nussdorf, an individual, residing at
14 E. 81st Street, New York, NY 10028.
Mr. Nussdorf's principal occupation is as Chairman and Chief Executive Officer
of Quality King Distributors, Inc., 2060 Ninth Avenue, Ronkonkoma, NY 11779.
Mr. Nussdorf has not, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or been party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceedings 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.
Mr. Nussdorf is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration
The common stock owned by Mr. Nussdorf was purchased with personal funds.
Item 4. Purpose of Transaction
Mr. Nussdorf may, depending on market conditions, acquire additional securities
of the Issuer or dispose of securities of the Issuer.
Mr. Nussdorf does not have current plans or proposals to change the present
board of directors or management of the Issuer or any of its subsidiaries. He
may however in the future seek to serve on the board of directors of the Issuer
or designate nominees for election to the board.
Item 5. Interest in Securities of the Issuer
Item 5(a). The aggregate percentage of shares of common stock reported owned by
Mr. Nussdorf is based upon 2,475,959 shares outstanding, which is the total
number of shares of common stock outstanding as reported in the Issuer's Form
10-K/A dated May 30, 2003.
Item 5(b). As of the close of business on June 18, 2003, Mr. Nussdorf
beneficially owned 266,990 shares of common stock, constituting approximately
10.78% of the shares outstanding. Mr. Nussdorf has sole voting and dispositive
power with respect to all of the shares beneficially owned by him.
Item 5(c). Mr. Nussdorf effected the following transactions in Issuer's common
stock during the past 60 days:
Date # of Shares Price per share Nature of Transaction
---- ----------- --------------- ---------------------
June 10, 2003 180,700 6.00 Open market purchase
June 10, 2003 200 5.98 Open market sale
June 10, 2003 100 5.99 Open market sale
June 10, 2003 200 6.10 Open market sale
June 10, 2003 100 5.95 Open market sale
June 12, 2003 3,200 6.39 Open market purchase
June 12, 2003 3,200 6.40 Open market purchase
June 12, 2003 100 6.10 Open market purchase
June 12, 2003 45,700 6.50 Open market purchase
June 12, 2003 200 6.48 Open market purchase
June 12, 2003 6,600 6.49 Open market purchase
June 12, 2003 300 6.25 Open market purchase
June 12, 2003 1,550 6.19 Open market purchase
June 13, 2003 2,800 6.15 Open market purchase
June 13, 2003 23,240 6.373 Open market purchase
Total 266,990
Item 5(d). Not applicable.
Item 5(e). Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer
None
CUSIP No. 26830k 20 5 Schedule 13D Page 4 of 5
Item 7. Material to be filed as Exhibits
Not applicable
CUSIP No. 26830k 20 5 Schedule 13D Page 5 of 5
SIGNATURES
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: June 19, 2003
/s/ Glenn H. Nussdorf
---------------------------
Glenn H. Nussdorf