-----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, ADnmM4ivTDNElMjwh2zb1bCHW4l/Je5dscP5/O9xpSujD0gFdLBhEnnkp3RZ1VFG ez/y8q5gVBx3FUCxynbioQ== 0001005477-99-002061.txt : 19990503 0001005477-99-002061.hdr.sgml : 19990503 ACCESSION NUMBER: 0001005477-99-002061 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990430 GROUP MEMBERS: ALL-TECH INVESTMENT GROUP, INC. GROUP MEMBERS: HOUTKIN HARVEY GROUP MEMBERS: RUSHMORE FINANCIAL SERVICES, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HERLEY INDUSTRIES INC /NEW CENTRAL INDEX KEY: 0000047035 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 232413500 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-34884 FILM NUMBER: 99607385 BUSINESS ADDRESS: STREET 1: 10 INDUSTRY DR CITY: LANCASTER STATE: PA ZIP: 17603 BUSINESS PHONE: 7173972777 MAIL ADDRESS: STREET 1: 10 INDUSTRY DRIVE CITY: LANCASTER STATE: PA ZIP: 17603 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY MICROWAVE SYSTEMS INC DATE OF NAME CHANGE: 19900510 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY INDUSTRIES INC DATE OF NAME CHANGE: 19831103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOUTKIN HARVEY CENTRAL INDEX KEY: 0000905215 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 78 LAFAYETTE AVENUE STREET 2: SUITE 207 CITY: SUFFERN STATE: NY ZIP: 10901 BUSINESS PHONE: 2017820200 MAIL ADDRESS: STREET 1: C/O ALL TECH STREET 2: 160 SUMMIT AVE CITY: MONTVALE STATE: NJ ZIP: 07645 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 1) HERLEY INDUSTRIES, INC. ---------------------------------------------------- (Name of Issuer) Common Stock ---------------------------------------------------- (Title of Class of Securities) 427398 ---------------------------------------------------- (CUSIP Number) Harvey Houtkin, c/o All-Tech Investment Group, Inc. 160 Summit Avenue, Montvale, New Jersey 07645//(201) 782-0200 ------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 19, 1999 ---------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) - ---------- (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 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). CUSIP No. 427398 SCHEDULE 13D/A - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) All-Tech Investment Group, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY -------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 19,995 PERSON -------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER -0- -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 19,995 -------------------------------------------------------- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,995 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* BD - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 427398 SCHEDULE 13D/A - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Rushmore Financial Services, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY -------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 19,995 PERSON -------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER -0- -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 19,995 -------------------------------------------------------- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,995 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 427398 SCHEDULE 13D/A - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Harvey Houtkin - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF WC OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 159,876 BENEFICIALLY -------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 23,937 PERSON -------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 159,876 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 23,937 -------------------------------------------------------- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 183,813 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. Security and Issuer Common Stock Herley Industries, Inc. 10 Industry Drive Lancaster, PA17603-4092 Item 2. Identity and Background (a) All-Tech Investment Group, Inc. (b) 160 Summit Avenue Montvale, New Jersey 07645 (c) Registered broker/dealer, 160 Summit Avenue, Montvale, NJ 07645 (d) No (e) No (f) Delaware 90.5% of the shares of All-Tech Investment Group, Inc. ("All-Tech"), a registered broker/dealer which makes a market in the issuer's stock, are owned by Rushmore Financial Services, Inc. ("Rushmore"). Information with respect to Rushmore is as follows: (a) Rushmore Financial Services, Inc. (b) 160 Summit Avenue Montvale, New Jersey 07645 (c) Holding company of All-Tech Investment Group, Inc. and Domestic Securities, Inc. (d) No (e) No (f) New Jersey Information with respect to Mr. Houtkin is set forth below. (a) Harvey Houtkin (b) c/o All-Tech Investment Group, Inc. 160 Summit Avenue Montvale, New Jersey 07645 (c) Chairman of the Board, CEO and Secretary, All-Tech Investment Group, Inc.; Chairman of the Board and President, Domestic Securities, Inc. All-Tech and Domestic are registered broker-dealers. Chairman of the Board and President, Rushmore Financial Services, Inc. All of such companies are located at 160 Summit Avenue, Montvale, NJ 07645 (d) No (e) In 1990 a consent order was issued by the New Jersey Bureau of Securities pursuant to a negotiated amicable resolution of the application for registration of Domestic Securities, Inc. ("Domestic"), a registered broker-dealer, in the State of New Jersey. The order provided that neither Domestic nor Mr. Houtkin would reapply for registration for three years and the New Jersey Bureau of Securities would be reimbursed $50,000 in respect of its costs of investigation of the application. Mr. Houtkin and Domestic are now registered in the State of New Jersey. (f) United States Mr. Shefts is no longer part of the group making this joint filing. Item 3. Source and Amount of Funds or Other Consideration. Amounts set forth below are for shares owned directly by a reporting person. WC/OO All-Tech Investment Group, Inc., a registered broker/dealer which makes a market in the issuer's stock, owned 19,955 shares (0.4%) as of April 19, 1999. All of such shares were purchased on margin. All of the stock of All-Tech is owned by Rushmore. WC/OO Rushmore Financial Services, Inc. owned 19,955 (0.4%) shares indirectly, through its ownership of All- Tech, as of April 19, 1999. Rushmore is owned 50% by Mr. Shefts and 50% by Mr. Houtkin. PF/OO All 159,876 of the shares directly beneficially owned by Mr. Houtkin individually were purchased for cash. Mr. Houtkin owns 133 shares jointly with his mother, Esther Houtkin, which were purchased for cash. Mr. Houtkin's wife Sherry Houtkin owns 22,515 shares (0.4%), which were purchased for cash. Mr. Houtkin's adult son Michael Houtkin is the beneficial owner of 3,333 shares (0.1%) which were purchased for cash; his adult son Brad Houtkin is the beneficial owner of 3,333 shares (0.1%) which were purchased on margin; Mr. Houtkin's adult son Stuart is the beneficial owner of 3,849 shares (0.1%) which were purchased for cash. Mr. Houtkin disclaims beneficial ownership of all of the shares owned by his wife, and his sons Michael and Brad. Item 4. Purpose of Transaction The shares were purchased for investment purposes only. From time to time All-Tech purchases shares as inventory for its market-making activity. Except for All-Tech's continuing to make a market in the issuer's stock, there are no current plans or proposals to acquire or dispose of the issuer's securities or to seek any change in the issuer's business or corporate structure. Item 5. Interest in Securities of the Issuer (a) The aggregate number of the issuer's common shares beneficially owned at the close of business on April 19, 1999, by all reporting persons submitting this joint filing was 183,680 (excluding shares as to which beneficial ownership is disclaimed), equaling approximately 3.5% of the common stock outstanding on such date. All shares held in corporate name as set forth below are subject to shared voting and dispositive power; 159,876 of the shares owned by Mr. Houtkin are subject to sole voting and dispositive power; 23,804 are subject to shared voting and dispositive power. (b) Shares beneficially owned by each reporting person: All-Tech Investment Group, Inc. TOTAL: 19,955 PERCENTAGE: 0.4% Rushmore Financial Services, Inc. (excluding shares TOTAL: -0- of All-Tech) PERCENTAGE: 0.0% Harvey Houtkin, individually 159,876 Harvey Houtkin jointly with Esther Houtkin 133 Stuart Houtkin 3,849 Harvey Houtkin as a control person of Rushmore (excluding shares owned by All-Tech) -0- Harvey Houtkin as a control person of All-Tech 19,955 ------- TOTAL: 183,813 PERCENTAGE: 3.5% Mr. Houtkin disclaims beneficial ownership of 3,333 shares (0.1%) owned by his adult son Brad Houtkin; 3,333 shares (0.1%) owned by his adult son Michael Houtkin, and 18,666 shares (0.4%) owned by his wife Sherry Houtkin, (c) All-Tech, a market-maker in the issuer's stock, effects transactions in the issuer's stock continually. (d) N/A (e) N/A Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The parties filing this Report on Form 13D have orally agreed to make this joint filing. Item 7. Material to be Filed as Exhibits None Signature After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. April 25, 1999 ALL-TECH INVESTMENT GROUP, INC. By s/ Harvey Houtkin ---------------------------------- Harvey Houtkin, Chairman RUSHMORE FINANCIAL SERVICES, INC. By s/ Harvey Houtkin ---------------------------------- Harvey Houtkin, Chairman s/ Harvey Houtkin ---------------------------------- Harvey Houtkin -----END PRIVACY-ENHANCED MESSAGE-----