-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MGmnf8xjq8Yrn19I9auFNrBK37s1jAufaHwkbQM4wuCyufd5TRztMgCyYz1aeRBp HNoHjFke+QkrVYl78CHJkg== 0000891554-98-000268.txt : 19980318 0000891554-98-000268.hdr.sgml : 19980318 ACCESSION NUMBER: 0000891554-98-000268 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980317 SROS: NYSE GROUP MEMBERS: NORMAN J. WECHSLER GROUP MEMBERS: WECHSLER & CO INC /BD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TITAN CORP CENTRAL INDEX KEY: 0000032258 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 952588754 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-12069 FILM NUMBER: 98567400 BUSINESS ADDRESS: STREET 1: 3033 SCIENCE PARK RD CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6195529500 MAIL ADDRESS: STREET 1: 3033 SCIENCE PARK RD CITY: SAN DIEGO STATE: CA ZIP: 92121-1199 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRONIC MEMORIES & MAGNETICS CORP DATE OF NAME CHANGE: 19850610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WECHSLER & CO INC /BD CENTRAL INDEX KEY: 0000105252 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 131944376 STATE OF INCORPORATION: NY FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 105 S BEDFORD RD STE 310 CITY: NEW YORK STATE: NY ZIP: 10549 BUSINESS PHONE: 9142426069 MAIL ADDRESS: STREET 1: 105 SOUTH BEDFORD ROAD STREET 2: STE 310 CITY: MOUNT KISCO STATE: NY ZIP: 10549 FORMER COMPANY: FORMER CONFORMED NAME: WECHSLER & CO INC /BD DATE OF NAME CHANGE: 19940201 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) (Amendment No. )(1) THE TITAN CORPORATION (Name of Issuer) COMMON STOCK, $.01 PAR VALUE (Title of Class of Securities) 888266103 (CUSIP Number) ---------- - ---------- (1) 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). Page 1 of 6 Pages 363158. - -------------------------------- ------------------------- CUSIP No. 888266103 13G Page 2 of 6 Pages - -------------------------------- ------------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON(S) S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S) WECHSLER & CO., INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 1,607,091 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH Not Applicable REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 1,607,091 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,607,091 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* BD - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 6 Pages - -------------------------------- ------------------------- CUSIP No. 888266103 13G Page 3 of 6 Pages - -------------------------------- ------------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON(S) S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S) NORMAN J. WECHSLER - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 1,607,091 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH Not Applicable REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 1,607,091 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER Not Applicable - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,607,091 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 6 Pages Item 1(a). Name of Issuer: THE TITAN CORPORATION Item 1(b). Address of Issuer's Principal Executive Offices: 3033 Science Park Road San Diego, CA 92121 Item 2(a). Name of Person Filing: This Schedule 13G is filed on behalf of (i) Wechsler & Co., Inc. and (ii) Norman J. Wechsler (each a "Reporting Person" and collectively, the "Reporting Persons"). Item 2(b). Address of Principal Business Office or, if none, Residence: 105 South Bedford Road Suite 310 Mount Kisco, NY 10549 Item 2(c). Citizenship: Wechsler & Co., Inc. is a New York corporation and Norman J. Wechsler is a United States citizen. Item 2(d). Title of Class of Securities: Common Stock, $.01 par value Item 2(e). CUSIP Number: 888266103 Item 3. Type of Reporting Person: (a) Wechsler & Co., Inc. is a broker-dealer registered under Section 15 of the Securities Exchange Act of 1934. Norman J. Wechsler is the majority shareholder, Chairman of the Board and President of Wechsler & Co., Inc. and, accordingly, is considered the beneficial owner of securities beneficially owned by Wechsler & Co., Inc. Mr. Wechsler's beneficial ownership of Common Stock of the Issuer does not exceed 1% of such class of equity securities, exclusive of equity securities beneficially owned by Wechsler & Co., Inc. All of the equity securities of the Issuer beneficially owned by the Reporting Persons were acquired in the ordinary course of business and not with the purpose nor with the effect of changing or influencing the control of the Issuer, nor in connection with or as a participant in any transaction having such effect (including any transaction subject to Rule 13d-3(b) promulgated under the Securities Exchange Act of 1934). Page 4 of 6 Pages (b) - (h): Not applicable Item 4. Ownership: (a) Amount Beneficially Owned: On March 2, 1998 the Issuer completed the acquisition of DBA Systems, Inc. pursuant to which Wechsler & Co., Inc. acquired 1,607,091 shares of Common Stock of the Issuer (the "Merger"). At March 2, 1998 Wechsler & Co., Inc. beneficially owned all 1,607,091 shares of Common Stock of the Issuer acquired pursuant to the Merger. Mr. Wechsler is deemed the beneficial owner of such shares by reason of his relationship with Wechsler & Co., Inc. (b) Percent of Class: 7% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,607,091 (ii) shared power to vote or to direct the vote: Not Applicable (iii) sole power to dispose or to direct the disposition of: 1,607,091 (iv) shared power to dispose or to direct the disposition of: Not Applicable Items 5-9. Not Applicable Item 10. By signing below, each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose and do not have the effect of changing or influencing the control of the Issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. Page 5 of 6 Pages SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: March 16, 1998 WECHSLER & CO., INC. By: /s/ Norman J. Wechsler ------------------------------ Norman J. Wechsler, President /s/ Norman J. Wechsler ------------------------------ Norman J. Wechsler Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----