SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.2
Conversion Services International, Inc.
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(Name of Issuer)
Common Stock, $.001 par value per share
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(Title of Class of Securities)
21254R109
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(CUSIP Number)
Barry I. Grossman, Esq.
Ellenoff Grossman & Schole LLP
370 Lexington Avenue
New York, New York 10017
212-370-1300
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 21, 2005
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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 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 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.
CUSIP No. 570 658 104
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1) Name of Reporting Persons Glenn Peipert
I.R.S. Identification Nos. of Above Persons (entities only)
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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)
Not applicable.
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5) Check if Disclosure of Legal Proceedings is Required Pursuant To
Items 2(d) or 2(e) |_|
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6) Citizenship Or Place Of Organization
United States of America
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(7) Sole Voting Power
140,190,476
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Number of (8) Shared Voting Power
Shares 0
Beneficially
Owned -------------------------------------------------
By Each
Reporting (9) Sole Dispositive Power
Person With 140,190,476
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(10) Shared Dispositive Power
0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
140,190,476
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12) Check if The Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
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13) Percent of Class Represented by Amount in Row (11)
Approximately 17.8%
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14) Type of Reporting Person
IN
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This Amendment No. 2 to Schedule 13D is filed on behalf of Glenn Peipert
relating to the disposition of shares of common stock, par value $0.001 per
share (the "Shares"), of Conversion Services International, Inc., a Delaware
corporation ("CSI").
Item 5. Interest in Securities of the Issuer
Item 5 is deleted in its entirety and replaced by the following new Item
5:
(a), (b) The Reporting Person beneficially owns 140,190,476 Shares, or
17.8% of the outstanding shares of Common Stock entitled to vote. The Reporting
Person has sole voting power of all the shares of Common Stock he beneficially
owns.
(c) On June 9, 2005, the Reporting Person sold 5,666,667 Shares to a third
party for the aggregate purchase price of $500,000. On June 17, 2005, the
Reporting Person sold 2,142,857 Shares to a third party for the aggregate
purchase price of $188,035.69. On June 21, 2005, the Reporting Person sold
2,000,000 Shares to a third party for the aggregate purchase price of $ 216,000.
The Reporting Person has agreed to loan the proceeds from all aforementioned
sales to CSI for working capital.
(d) Not applicable.
(e) Not applicable.
Signature
After reasonable inquiry, and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: June 23, 2005 /s/ Glenn Peipert
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Glenn Peipert