<PAGE>   4
         This Amendment No. 14 ("Amendment No. 14") amends and supplements the
Schedule 13D and statement attached thereto, as previously amended ("Schedule
13D"), originally filed on behalf of Malcolm I. Glazer on July 22, 1992, and is
hereby filed on behalf of Mr. Glazer and on behalf of the Malcolm Glazer Trust
("Trust").  Mr. Glazer is referred to herein as "Glazer" and Zapata Corporation
is referred to herein as "Zapata".  All other capitalized terms used in this
Amendment No. 14 and not otherwise defined herein have the meanings previously
ascribed to such terms in the Schedule 13D.

ITEM 2.  IDENTITY AND BACKGROUND.
         -----------------------

         Item 2 is hereby amended by deleting it and inserting in place thereof
the following:

         (a)     The names of the reporting persons are the Malcolm Glazer
Trust ("Trust") and Malcolm I. Glazer.  Mr. Glazer is the sole trustee and,
during his lifetime, the sole beneficiary of the Trust.

         (b)     The business address of the Trust and Mr. Glazer is 1482 South
Ocean Boulevard, Palm Beach, Florida 33480.

         (c)     The Trust is a revocable living trust.  The present principle
occupation of Mr. Glazer is that of self-employed, private investor.

         (d)     During the last five years, neither the Trust nor Mr. Glazer
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).

         (e)     During the last five years, neither the Trust nor Mr. Glazer
has 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 Trust is formed under the laws of the State of Florida.
Mr. Glazer is a citizen of the United States of America.

ITEM 4.  PURPOSE OF TRANSACTION.
         ----------------------

         Item 4 is hereby amended by inserting immediately prior to the last
paragraph thereof the following paragraph:

         On August 11, 1994, Malcolm Glazer was elected to the position of
Chief Executive Officer and President of Zapata by Zapata's Board of Directors.





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