13D Filing: Medallion Capital Inc and Appliance Recycling Centers Of America Inc (ARCI)

 

CUSIP No. 03814F 20 5

Item 1.

Security and Issuer.

(a)

Title of Class of Securities: Common stock, no par value

(b)

Name of Issuer: Appliance Recycling Centers of America, Inc. (the “Company”)

(c)

Address of Issuer’s Principal Executive Offices: 7400 Excelsior Boulevard, Minneapolis, MN 55426-4517

Item 2.

Identity and Background.

(a)

Name of Person Filing: Medallion Capital, Inc. (“Medallion Capital”)

(b)

Residence or Business Address: 3000 West County Road 42, Suite 301, Burnsville, MN 55337-4827

(c)

Principal Occupation or Employment: N/A

(d)

Conviction in a criminal proceeding during the last five years: None

(e)

Subject, during the last five years, to a judgment, decree or final order enjoining securities laws violations: None

(f)

Citizenship: State of Minnesota, Country of United States

Item 3.

Source and Amount of Funds or Other Consideration.

Not applicable.

Item 4.

Purpose of Transaction.

Medallion Capital may, from time to time,
attempt to dispose of shares of common stock of the Company owned by Medallion Capital in the open market, in privately negotiated
transactions or otherwise.

Medallion Capital does not have any present
plans or intentions that would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item
4 of Schedule 13D.