-----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, IaEQqlTA2aJAeyIEnYqr2dUGq6zvswh6hIocQpHv/dGbZJe+9+BpMng35qFv3/ol XW6rHLpWzhCaMSGAe2ZUDg== 0000899140-00-000246.txt : 20000519 0000899140-00-000246.hdr.sgml : 20000519 ACCESSION NUMBER: 0000899140-00-000246 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000518 GROUP MEMBERS: HOROWITZ RICHARD A GROUP MEMBERS: LINDA HOROWITZ GROUP MEMBERS: RICHARD HOROWITZ SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: P&F INDUSTRIES INC CENTRAL INDEX KEY: 0000075340 STANDARD INDUSTRIAL CLASSIFICATION: METALWORKING MACHINERY & EQUIPMENT [3540] IRS NUMBER: 221657413 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-17051 FILM NUMBER: 639295 BUSINESS ADDRESS: STREET 1: 300 SMITH ST CITY: FARMINGDALE STATE: NY ZIP: 11735 BUSINESS PHONE: 5166941800 FORMER COMPANY: FORMER CONFORMED NAME: PLASTICS & FIBERS INC DATE OF NAME CHANGE: 19671225 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOROWITZ RICHARD A CENTRAL INDEX KEY: 0001114907 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 300 SMITH ST. CITY: FARMINGDALE STATE: NY ZIP: 11735 BUSINESS PHONE: 5166941800 MAIL ADDRESS: STREET 1: 20596 LINKS CIRCLE CITY: BOCA RATON STATE: FL ZIP: 33434 SC 13D 1 INITIAL FILING ON SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 P & F INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock, par value $1.00 - -------------------------------------------------------------------------------- (Title of Class of Securities) 692830102 - -------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) Mr. Richard A. Horowitz 300 Smith Street Farmingdale New York 11735 (516) 694-1800 Copy to : Neil Novikoff, Esq. Willkie Farr & Gallagher 787 Seventh Avenue New York, New York 10019 (212) 728-8000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 26, 2000 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Schedule) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13(d)-1(e), 13(d)-1(f) or 13(d)-(g), check the following box: [ ] SCHEDULE 13D - -------------------- CUSIP No. 692830102 - -------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard Horowitz - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 1,189,665 --------- ------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING 32,400 PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 529,665 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 32,400 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,222,065 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 32.4% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------- -------------------------------------------------------------------- Page 2 of 8 SCHEDULE 13D - -------------------- CUSIP No. 692830102 - -------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORT PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Linda Horowitz - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER --------- ------------------------------------------------ NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING 32,400 PERSON WITH --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 660,000 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 32,400 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 692,400 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.4% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------- -------------------------------------------------------------------- Page 3 of 8 Item 1. Security and Issuer. This statement on Schedule 13D relates to the Class A Common Stock, par value $1.00 per share (the "Common Stock"), of P & F Industries, Inc. (hereinafter, "The Company"), and is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The address of the principal executive office of the Company is 300 Smith Street, Farmingdale, New York 11735. Item 2. Identity and Background. (a) This Statement is hereby filed by Richard A. Horowitz and his wife, Linda Horowitz. (b) and (c) Mr. Horowitz is Chairman of the Board of Directors and Chief Executive Officer of the Company. The address of Richard A. Horowitz and Linda Horowitz is in the care of the Company, 300 Smith Street, Farmingdale, New York 11735. (d) and (e) During the last five years, neither Mr. Horowitz nor Mrs. Horowitz has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor have either, during the last five years, 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 Page 4 of 8 state securities laws or finding any violation with respect to such laws. (f) Both Mr. Horowitz and Mrs. Horowitz are citizens of the United States. Item 3. Source and Amount of Funds or Other Consideration. Mr. Horowitz and Mrs. Horowitz used personal funds in making the purchases that are the subject of this Statement. Item 4. Purpose of Transaction. Mr. Horowitz and Mrs. Horowitz purchased the Common Stock that is the subject of this Statement in order to acquire an equity interest in the Company. As of the date hereof, neither Mr. Horowitz nor Mrs. Horowitz has any present plans or proposals which relate to or would result in any of the actions referred to in sections (a) through (j) of Item 4 of Schedule 13D. Nevertheless, depending on market conditions and other factors, Mr. Horowitz and Mrs. Horowitz may sell or otherwise dispose of all or a portion of such Common Stock, or may purchase additional shares of Common Stock. Item 5. Interest in Securities of the Issuer. (a) and (b) The responses of Mr. Horowitz and Mrs. Horowitz to Rows (7) through (13) of the cover page of this Schedule 13D are incorporated herein by reference. Included in the shares of Common Stock beneficially owned by Mr. Horowitz are 203,500 shares of Common Stock issuable upon the exercise of Page 5 of 8 stock options, 22,400 shares of Common Stock owned by Linda Horowitz, individually and as trustee for the daughter of Linda Horowitz and Richard Horowitz, 660,000 shares of Common Stock owned by Linda Horowitz, individually, and 10,000 shares of Common Stock owned by The Linda and Richard Horowitz Foundation. Included in the shares of Common Stock beneficially owned by Mrs. Horowitz are 22,400 shares of Common Stock owned by Mrs. Horowitz, individually and as trustee for the daughter of Linda Horowitz and Richard A. Horowitz, and 10,000 shares of Common Stock owned by The Linda and Richard Horowitz Foundation. Mr. Horowitz has shared voting power and shared dispositive power over the 10,000 shares of Common Stock owned by The Linda and Richard Horowitz Foundation with the other directors of The Linda and Richard Horowitz Foundation and the 22,400 shares of Common Stock owned by Linda Horowitz, individually and as trustee for the daughter of Linda Horowitz and Richard Horowitz. Mr. Horowitz disclaims beneficial ownership of the 22,400 shares of Common Stock owned by Mrs. Horowitz individually and as trustee for the daughter of Linda Horowitz and Richard A. Horowitz. (c) Not Applicable (d) Not Applicable (e) Not Applicable Item 6. Contracts, Arrangements, Understandings or Page 6 of 8 Relationships With Respect to Securities of the Issuer. Mrs. Horowitz has granted Mr. Horowitz a ten year irrevocable proxy to vote the 660,000 shares of Common Stock owned by her, individually. Item 7. Material to be Filed as Exhibits. 1. Proxy to vote 660,000 shares of Common Stock granted by Mrs. Horowitz to Mr. Horowitz. Page 7 of 8 SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: April 26, 2000 By: /s/ Richard A. Horowitz ------------------------------ Name: Richard A. Horowitz By: /s/ Linda Horowitz ------------------------------ Name: Linda Horowitz Page 8 of 8 EX-99.1 2 JOINT FILING AGREEMENT Exhibit 1 --------- Joint Filing Agreement The undersigned hereby agree that the statement on Schedule 13D with respect to the shares of Common Stock of P & F Industries, Inc., is, and any amendment thereto signed by each of the undersigned shall be, filed on behalf of each undersigned pursuant to and in accordance with the provisions of 13d-1(k) under the Securities Exchange Act of 1934, as amended. Dated: April 26, 2000 By: /s/ Richard A. Horowitz ------------------------------ Name: Richard A. Horowitz By: /s/ Linda Horowitz ------------------------------ Name: Linda Horowitz -----END PRIVACY-ENHANCED MESSAGE-----