SC 13D/A 1 v330167_sc13da.htm FORM SC 13D/A

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

 

(Amendment No. 22)*

 

 

Tikcro Technologies, Ltd.
 (Name of Issuer)
 
Ordinary Shares, no par value
 (Title of Class of Securities)
 
M8789G100
 (CUSIP Number)

 

Steven N. Bronson

Catalyst Financial LLC

225 N.E. Mizner Boulevard, Suite 400,

Boca Raton, Florida 33432

 

with a copy to:

 

James A. Prestiano, Esq.
631 Commack Road, Suite 2A
Commack, New York 11725
(631) 499-6000
 (Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
December 6, 2012
 (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-7(b) 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).

 

(Continued on following pages)

 

 
 

 

CUSIP No. M8789G100 SCHEDULE 13D  

 

1   NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Steven N. Bronson
 
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)    
      (a) ¨
(b) ¨
 
3   SEC USE ONLY
 
   
4   SOURCE OF FUNDS (See Instructions)
 
 
   
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨  
6   CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
   
    NUMBER OF
 
SHARES
 
BENEFICIALLY
 
OWNED BY
 
EACH
 
REPORTING
 
PERSON
 
WITH
7 SOLE VOTING POWER
 
1,499,761
   
    8 SHARED VOTING POWER
 
0
   
    9 SOLE DISPOSITIVE POWER
 
1,499,761
   
    10 SHARED DISPOSITIVE POWER
 
0
   
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,499,761
   
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ¨  
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
17.3%
   
14   TYPE OF REPORTING PERSON (See Instructions)
 
IN
   
             

  

 
 

   

CUSIP No. M8789G100 SCHEDULE 13D  

 

 

Item 1. Security and Issuer.

 

Except as expressly restated and amended below, the Schedule 13D and amendments thereto, as filed on behalf of Steven N. Bronson with respect to the Ordinary Shares, no par value ("Ordinary Shares") of Tikcro Technologies, Ltd. (the "Issuer"), remains in full force and effect. The Issuer's principal executive office is located at 16 Hatidhar Street, Raanana 43652, Israel. The Issuer has previously disclosed that as of December 31, 2011, the Issuer had 8,648,861 Ordinary Shares issued and outstanding.

 

 

Item 2. Identity and Background.

 

(a) This Amendment No. 22 to Schedule 13D is filed on behalf of Steven N. Bronson.

 

(b) Mr. Bronson's business address is 225 N.E. Mizner Boulevard, Suite 400, Boca Raton, Florida 33432.

 

(c) Mr. Bronson is the president of Catalyst Financial LLC ("Catalyst"), a broker-dealer registered under the Securities Exchange Act of 1934. The principal place of business of Catalyst is 225 N.E. Mizner Boulevard, Suite 400, Boca Raton, Florida 33432.

 

(d) Mr. Bronson has not, during the past five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) Mr. Bronson has not, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction nor has Mr. Bronson been nor is he now subject to a judgment, decree, or final order enjoining further violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.

 

(f) Mr. Bronson is a citizen of the United States of America.

 

 

Item 3. Source and Amount of Funds or Other Consideration.

 

Not applicable.

 

 

Item 4. Purpose of Transaction.

  

Mr. Bronson acquired the Ordinary Shares of the Issuer for investment purposes. Mr. Bronson may, for his own account: (i) increase or decrease his beneficial ownership of Ordinary Shares or other securities of the Issuer, (ii) sell all or part of his shares of Ordinary Shares in open market or privately negotiated sales or otherwise, or (iii) make further purchases of shares of Ordinary Shares or other securities of the Issuer through open market or privately negotiated transactions or otherwise. Mr. Bronson has not reached any decision with respect to any such possible actions. If Mr. Bronson does reach a decision to undertake any of the above described possible actions, he will, among other things, timely file an appropriate amendment to this Schedule 13D.

  

 
 

  

Item 5. Interest in Securities of the Issuer.

 

(a)(b) Mr. Bronson may be deemed to beneficially own an aggregate of 1,499,761 shares of the Issuer's Ordinary Shares, representing approximately 17.3% of the total shares of Ordinary Shares issued and outstanding. The securities of the Issuer beneficially owned by Mr. Bronson include (1) 1,400,089 Ordinary Shares held jointly by Mr. Bronson and his spouse; (2) 58,806 Ordinary Shares held in Mr. Bronson's IRA; and (3) 40,866 Ordinary Shares held in Mr. Bronson's spouse's IRA. Mr. Bronson has voting and dispositive power with respect to the Ordinary Shares held in his spouse's IRA.

 

(c) Not applicable.

 

(d) Other than Mr. Bronson's spouse, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities of the Issuer.

 

(e) Not applicable.

 

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

On December 6, 2012, Mr. Bronson entered into an agreement with the Issuer pursuant to which, among other things, the Issuer agreed not to grant stock rights under its Bonus Rights Plan, dated September 12, 2005 for a period of 30 business days provided Mr. Bronson does not acquire any additional Ordinary Shares and Mr. Bronson agrees not to vote in excess of 1,334,829 Ordinary Shares. A copy of the December 6, 2012 agreement between the Issuer and Mr. Bronson is attached hereto as an Exhibit.

  

 

Item 7. Material to be Filed as Exhibits.

 

None.

 

 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Date: December 10, 2012

 

 

  /s/ Steven N. Bronson
  STEVEN N. BRONSON

  

Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (See 18 U.S.C. Section l001).

 

 
 

 

Exhibit

 

 

Goldfarb Seligman

Law Offices / Established 1930

ELECTRA TOWER

98 Yigal Alon Street

Tel Aviv 67891, Israel

Tel +972 (3) 608-9999

Fax +972 (3) 608-9909

INFO@GOLDFARB.COM

 

WWW.GOLDFARB.COM

       

 

 

 

Adam M. Klein, Partner

Direct: +972 (3) 608-9839

Fax: +972 (3) 608-9855

adam.klein©goldfarb.com

 

December 6, 2012

 

Via Fax (+1-212-704-5950) and E-mail

 

Henry I. Rothman, Esq.

Troutman Sanders LLP

The Chrysler Building

405 Lexington Avenue

New York, New York 10174

 

Re: Tikcro Technologies Ltd. and Steven N. Bronson

 

Dear Mr. Rothman:

 

Reference is made to my letter to Adv. Elad Man dated December 2, 2012 and to our telephone discussion of December 3, 2012. In order to give the parties the opportunity to hold discussions in good faith, Tikcro Technologies Ltd. ("Tikcro") intends to postpone the Distribution Date under its Bonus Rights Agreement for a period of 30 Business Days, ending on February 5, 2013 (the "Expiration Date"), and asks that Mr. Bronson undertake that until the Expiration Date, neither he nor his affiliates will, directly or indirectly, without the prior written consent of Tikcro:

 

(a)be the "beneficial owner" of any ordinary shares, or direct or indirect rights to acquire any ordinary shares, of Tikcro or form, join or in any way participate in a "group" with respect to any ordinary shares of Tikcro, exceeding an aggregate of 1,500,094 ordinary shares of Tikcro; and

 

(b)vote any ordinary shares of Tikcro in excess of 1,334,829 ordinary shares, which constitutes 14.99% of Tikcro's outstanding ordinary shares.

 

Except as expressly set forth herein, nothing in this letter constitutes an express or implied waiver of any rights, remedies, or defenses of Mr. Bronson or of Tikcro or any of its officers or directors.

 

Please confirm the agreement of Mr. Bronson with the foregoing by having him sign where indicated below and return a copy of this letter to me.

 

Very truly yours,

 

/s/

Adam M. Klein, Adv.

 

 

Accepted and agreed as of the date first written above:

 

/s/

Steven N. Bronson