-----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, B3XC/j2iNBbwsqwNpkW/W6gQ/ffRWHxXxN/uUXizFoBDwT7/yMcqd0DjDKI6IG5+ l0qeByXkVc59yZTtUIYCyQ== 0001133796-06-000050.txt : 20060228 0001133796-06-000050.hdr.sgml : 20060228 20060228171833 ACCESSION NUMBER: 0001133796-06-000050 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060228 DATE AS OF CHANGE: 20060228 GROUP MEMBERS: BROAD PARK INVESTORS, LLC GROUP MEMBERS: DENNIS POLLACK GROUP MEMBERS: FEDERAL HOLDINGS, L.L.C GROUP MEMBERS: HAROLD SCHECHTER GROUP MEMBERS: KERRIMATT, L.P. GROUP MEMBERS: PATRICK A. ROBINSON GROUP MEMBERS: POLLACK INVESTMENT PARTNERSHIP, L.P. GROUP MEMBERS: SEIDMAN & ASSOCIATES, L.L.C GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP II, L.P. GROUP MEMBERS: SEIDMAN INVESTMENT PARTNERSHIP, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YARDVILLE NATIONAL BANCORP CENTRAL INDEX KEY: 0000787849 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 222670267 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58073 FILM NUMBER: 06652149 BUSINESS ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 BUSINESS PHONE: 6096316218 MAIL ADDRESS: STREET 1: 2465 KUSER RD CITY: HAMILTON STATE: NJ ZIP: 08690 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEIDMAN LAWRENCE B CENTRAL INDEX KEY: 0001026081 STATE OF INCORPORATION: NJ FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2015601400 MAIL ADDRESS: STREET 1: LANIDEX CENTER STREET 2: 100 MISTY LANE P O BOX 5430 CITY: PARSIPPANY STATE: NJ ZIP: 07054 SC 13D/A 1 yn60280.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities and Exchange Act of 1934 (Amendment No.8)* Yardville National Bancorp --------------------------------------------------------- Common Stock, no par value --------------------------------------------------------- 985021104 --------------------------------------------------------- (CUSIP Number) Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ 07054 (973) 952-0405 --------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 23, 2006 --------------------------------------------------------- (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. [ ] *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). SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Seidman & Associates, L.L.C 22-3343079 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 268,684 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 268,684 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 268,684 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.46 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Seidman Investment Partnership, L.P. 22-3360359 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 237,256 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 237,256 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 237,256 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.17 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Seidman Investment Partnership II, L.P. 22-3603662 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 121,351 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 121,351 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 121,351 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.11 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Kerrimatt, L.P. 22-3583179 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.00 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Federal Holdings, L.L.C 13-3838083 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 85,196 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 85,196 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 85,196 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .78 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Lawrence B. Seidman ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF, WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 878,149 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 878,149 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 878,149 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.04 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Dennis Pollack ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 17,960 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 17,960 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,960 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .16 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Pollack Investment Partnership, L.P. 22-3736367 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 66,778 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 66,778 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,778 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .61 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Broad Park Investors, LLC 22-6759307 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 57,334 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 57,334 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,334 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .52 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Patrick A. Robinson ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 397 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 397 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 397 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) NM - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D CUSIP No. 985021104 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Harold Schechter ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 100 SHARES ---------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY PERSON ---------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 100 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) NM - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION This statement on Schedule 13 D which was filed on July 29, 2004, Amendment No.1 was filed on February 15, 2005, Amendment No.2 was filed on May 4, 2005, Amendment No.3 was filed on May 11, 2005, Amendment No.4 was filed on June 17, 2005, Amendment No. 5 was filed on August 16, 2005, Amendment No. 6 was filed on November 10, 2005 and Amendment No. 7 was filed on November 30, 2005, on behalf of Seidman and Associates, L.L.C ("SAL"), Seidman Investment Partnership, L.P. ("SIP"), Seidman Investment Partnership II, L.P. ("SIPII"), Broad Park Investors, L.L.C ("Broad Park"), Federal Holdings, L.L.C. ("Federal"), Pollack Investment Partnership, L.P. ("PIP"), Lawrence Seidman ("Seidman"), Patrick Robinson ("Robinson"), Harold Schechter ("Schechter") and Dennis Pollack ("Pollack") collectively, the ("Reporting Persons") with respect to the Reporting Persons' beneficial ownership of shares of Common stock ("the Shares") of Yardville National Bancorp. (YANB), a New Jersey corporation, is hereby amended as set forth below: Such statement on Schedule 13D is hereinafter referred to as the "Schedule 13D". Messrs. Robinson and Schechter have been added as Reporting Persons based upon their agreement to be nominees for the YANB Board of Directors. Kerrimatt, L.P. has been omitted as a Reporting Person because it no longer owns any shares of YANB. Terms used herein which are defined in the Schedule 13D shall have their respective meanings set forth in the Schedule 13D. 4. Purpose of Transaction Dennis Pollack, by letter dated February 23, 2006 to Daniel J. O'Donnell, Secretary of the YANB, nominated Robinson, Schechter and himself for election to the YANB Board of Directors at the next annual meeting of shareholders. A copy of Mr. Pollack's letter is attached hereto and incorporated herein in its entirety as Exhibit A. On February 6, 2006, Mr. Pollack formally resigned from his position as the Co-General Partner of PIP as of January 1, 2006. Mr. Seidman is now the sole General Partner of PIP. As required by the Agreement of Limited Partnership for PIP, notice of Mr. Pollack's resignation is being sent to each limited partner. 5. Interest in Securities of the Issuer (a) (b) (c) As of the close of business on February 23, 2006, the Reporting Persons owned beneficially an aggregate of 896,606 shares of Common Stock, which constituted approximately 8.21% of the 10,915,000 shares of Common Stock outstanding as of December 31, 2005 as reflected in Yardville National Bancorp's earning release dated January 30, 2006, for the quarterly period ended December 31, 2005. Schedule A attached below describes transactions except for previously reported transactions in the Common Stock effected by the Reporting Persons within the past sixty (60) days. Except as set forth in this Item 5, none of the Reporting Persons owns beneficially or has a right to acquire beneficial ownership of any Common Stock, and except as set forth in this Item 5, none of the Reporting Persons has effected transactions in the Common Stock during the past sixty (60) days, except for previously reported transactions. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 24, 2006 /s/ Lawrence B. Seidman Date -------------------------- Lawrence B. Seidman Power of Attorney pursuant to Joint Agreement dated July 26, 2004 /s/ Harold Schechter -------------------------- Harold Schechter /s/ Patrick A. Robinson -------------------------- Patrick A. Robinson SCHEDULE A COST DATE PER ENTITY PURCH SHARE COST SHARES - ------------------------- ---------- -------- -------------- -------- SAL 12/27/2005 34.8548 127,359.34 3,654 SAL 12/29/2005 34.5967 98,808.18 2,856 SAL 12/30/2005 34.4533 166,409.64 4,830 SAL 1/3/2006 34.6616 59,687.30 1,722 SAL 1/11/2006 34.9905 17,285.30 494 SAL 1/12/2006 34.9138 53,557.83 1,534 Total 523,107.59 15,090 SIP 12/27/2005 34.8575 84,912.89 2,436 SIP 12/29/2005 34.6002 65,878.79 1,904 SIP 12/30/2005 34.4554 110,946.42 3,220 SIP 1/3/2006 34.6500 1,300,034.00 37,519 SIP 1/3/2006 34.6674 39,798.20 1,148 SIP 1/11/2006 34.9939 15,957.20 456 SIP 1/12/2006 34.9149 49,439.53 1,416 Total 1,666,967.03 48,099 SIP II 12/27/2005 34.8646 45,498.34 1,305 SIP II 12/29/2005 34.6093 35,301.49 1,020 SIP II 12/30/2005 34.4608 59,444.87 1,725 SIP II 1/3/2006 34.6825 21,329.75 615 SIP II 1/11/2006 34.9810 22,597.70 646 SIP II 1/12/2006 34.9108 70,031.00 2,006 SIP II 1/17/2006 34.8543 132,446.20 3,800 SIP II 2/6/2006 35.0633 52,595.00 1,500 Total 439,244.35 12,617 Pollack Invest Prtshp 1/3/2006 23.3647 -1,300,034.00 -37,519 Total Pollack distributed 37,519 shares to its limited partners who then contributed it to SIP. Federal Holdings 12/27/2005 34.8723 30,338.89 870 Federal Holdings 12/29/2005 34.6191 23,541.00 680 Federal Holdings 12/30/2005 34.4666 39,636.58 1,150 Federal Holdings 1/3/2006 34.6988 14,226.50 410 Federal Holdings 1/11/2006 35.0670 5,996.45 171 Federal Holdings 1/12/2006 34.9385 18,552.32 531 Total 132,291.74 3,812 Broad Park Investors 12/27/2005 34.8953 15,179.45 435 Broad Park Investors 12/29/2005 34.6485 11,780.50 340 Broad Park Investors 12/30/2005 34.4840 19,828.29 575 Broad Park Investors 1/3/2006 34.7476 7,123.25 205 Broad Park Investors 1/11/2006 35.1004 4,668.35 133 Broad Park Investors 1/12/2006 34.9492 14,434.03 413 Total 73,013.87 2,101 COST DATE PER ENTITY PURCH SHARE COST SHARES - ------------------------- ---------- -------- -------------- -------- Pollack Dennis IRA 1/31/2006 36.3401 21,804.06 600 Pollack Dennis IRA 1/31/2006 36.3330 27,249.75 750 Total 49,053.81 1,350 Pollack Brittany Roth IRA 1/31/2006 36.6518 4,031.70 110 Total 4,031.70 110 Robinson Patrick A.* 2/13/06 36.5900 14,526.23 397 Total 14,526.23 397 Schechter Harold** 2/23/06 37.0300 3,758.95 100 Total 3,758.95 100 Grand Total 46,157 * These shares are owned jointly with Mr. Robinson's wife. Mr. Robinson has sole dispositive and voting discretion regarding these shares. ** These shares are owned jointly with Mr. Schechter's wife. Mr. Schechter has sole dispositive and voting discretion regarding these shares. EXHIBIT A DENNIS POLLACK 47 Blueberry Drive Woodcliff Lake NJ 07675 (201) 930-1428 February 23, 2006 Certified Mail Return Receipt Requested Daniel J. O'Donnell, Secretary Yardville National Bancorp 2465 Kuser Road Hamilton, NJ 08690 Re: Yardville National Bancorp Dear Mr. O'Donnell: I am a Yardville National Bancorp (Yardville) shareholder. Pursuant to the 2005 Proxy Statement for Yardville, the seat for three (3) directors expires in 2006. However, two (2) of the directors named in the 2005 Proxy Statement have already resigned. Therefore, at this time I can not ascertain, nor has Yardville clearly disclosed, how many seats will be up for election at the 2006 annual meeting. In addition, on January 25, 2006, Yardville filed a Form 8-K which disclosed amendments to its By-laws. Yardville added Article II, Section 10 to its By-laws which provided for certain qualifications of directors. Based upon Lawrence Seidman's conversation with Patrick Ryan, Yardville's Chief Executive Officer, Mr. Seidman is no longer eligible to be a candidate for election to the Yardville Board because of this By-law amendment. My counsel deems Article II, Section 10 as it relates to Mr. Seidman, not to be proper or enforceable. Based upon the foregoing, I am not nominating Mr. Seidman for election to the Yardville Board at the 2006 annual meeting for the term expiring in 2009. I would have made this nomination but for your position and reserve the right to challenge the aforesaid By-law as well as your interpretation of same. I herewith nominate myself for election as a director at the annual meeting for the term expiring in 2009. In addition, since I do not know how many seats will be available, I am also nominating Patrick A. Robinson and Harold Schechter for seats as directors and for terms expiring in 2009. [I am informed that the Board has been reduced to thirteen (13) members. If only one (1) seat is up for election this year, this would be improper and violate your By-laws.] EXHIBIT A Daniel J. O'Donnell, Secretary Yardville National Bancorp February 23, 2006 Page 2 Who and how many nominees will run will be dependent upon how many seats are available. Each of these nominations is made pursuant to Article I, Section 10(i) of Yardville's Amended and Restated By-laws adopted January 25, 2006. Mr. Schechter and Mr. Robinson are also Yardville shareholders. Mr. Schechter, Mr. Robinson and myself have never been: (i) indicted; (ii) convicted of any crime; (iii) subjected to an order by any federal or state bank regulatory agency; or (iv) found to have breached a fiduciary duty or violated a law, rule or regulation. [Succinctly, none of us is disqualified by the terms of Article II, Section 10 of the By-laws.] The following are additional shareholders who are the beneficial owners of the shares shown below who are acting directly or indirectly in concert with me (Section 10(ii) of the By-laws). Also below, are the number of shares which I reasonably anticipate may be voted in favor of my nominees. ENTITY SHARES --------------------------------------------- ------- Seidman & Associates, LLC 268,684 Seidman Investment Partnership, LP 237,256 Seidman Investment Partnership II, LP 121,351 Pollack Investment Partnership, LP 66,778 Federal Holdings, LLC 85,196 Broad Park Investors 57,334 Dennis Pollack 17,960 Lawrence B. Seidman Discretionary Clients 41,550 I, except for the above shares, cannot reasonably anticipate how many additional shares will be voted in favor of my nominees. The following is the name, address and business background (resume attached) of each nominee in accordance with Section 10(iv) of the By-laws. The order of the nominees for consideration for a Yardville Board seat is as follows: 1. Dennis Pollack, 47 Blueberry Drive, Woodlake Cliff, NJ 07675 2. Patrick Robinson, 586 East Main Street, Bridgewater, NJ 08807 3. Harold Schechter, 38 Rillo Drive, Wayne, NJ 07470 [I also provide a copy of Mr. Seidman's resume.] EXHIBIT A Daniel J. O'Donnell, Secretary Yardville National Bancorp February 23, 2006 Page 3 Please contact my attorney, Peter Bray, in writing at 100 Misty Lane, Parsippany, NJ 07054 if you require any additional information. Your letter should state what information is required and the legal basis for said request. If the Board desires to discuss this matter for the purpose of reaching an amicable resolution to avoid an expensive proxy contest, please contact Mr. Bray. Please provide me and my counsel with written confirmation no later than the close of business next Tuesday (February 28, 2006) that: (i) The refusal to approve the nomination of Mr. Seidman has been rescinded. (ii) The nominations I have presented have been accepted. (Mr. Schechter's nomination is contingent upon a continued refusal to accept the nomination of Mr. Seidman.) (iii) Three (3) seats will be open for election. Please be advised Yardville's refusal to voluntarily undertake these actions will result in the prosecution of a litigation, asserting derivative claims to secure this and related relief. (I believe that Mr. Seidman, together with Seidman and Associates, L.L.C., would join in such a litigation.) Since this letter requests actions by Yardville to modify or rescind prior actions, I ask that you submit a copy of this letter to each Director. Very truly yours, /s/ Dennis Pollack -------------------------- Dennis Pollack Also sent via FedEx and Facsimile LAWRENCE B. SEIDMAN 19 Veteri Place Wayne, New Jersey 07470 (973) 560-1400, X108 BUSINESS EXPERIENCE 12/95 - present Principal, Investment Vehicles - Seidman & Associates, L.L.C. (Manager), Seidman Investment Partnership, L.P. and Seidman Investment Partnership II, L.P. (President of Corporate General Partner), Broad Park Investors, L.L.C. (Investment Manager), Pollack Investment Partnership, L.P. (Co-General Partner) and Federal Holdings, LLC (Investment Manager) . 3/02 - 12/05 Associate General Counsel to Menlo Acquisition Corporation and its subsidiaries. 3/99 to 3/02 General Counsel to Menlo Acquisition Corporation, a holding company for an environmental company and a laboratory company. 11/91 to 1999 Consultant to an environmental company for financial and legal matters. 11/88 to 11/91 General Partner, Seidman Financial Associates, L.P. 4/86 to 1/89 Vice President, First American Mortgage Company (subsidiary of The Savings Bank of Rockland County). 3/79 to 7/87 President and Principal Stockholder, Seidman & Rappaport, P.A. (primarily involved in real estate development, corporate reorganization and small business litigation). 8/81 to 1/87 Partner, L. Enterprises, Livingston, NJ (real estate developer). 2/82 to 11/83 Vice President, Shongum Realty Corporation, Livingston, NJ. 3/78 to 3/79 Associate, Hannoch, Weisman, Stern & Besser, Newark, NJ(representing real estate developers and real estate syndications). 3/77 to 3/78 Associate, Regan, Goldfarb, Heller, Wetzler & Quinn, New York, NY. 9/73 to 3/77 Staff Attorney, Securities and Exchange Commission, Washington, DC (emphasis in area of real estate syndication investigations). BOARD OF DIRECTORS 3/00 - 9/02 Director, Ambanc Holding Company, Inc. 11/00 - 8/01 Director, First Federal Savings of East Hartford. 8/99 - 8/00 Director, South Jersey Financial Corp. 3/99 - 7/00 Director, CNYF Financial Corporation. 10/89 to 11/91 Chairman of the Board, Crestmont Federal Savings and Loan Association. 11/86 to 11/91 Director, The Savings Bank of Rockland County. 9/88 to 10/89 President and Chairman of the Board of Directors, Movielab, Inc. EDUCATION J.D., American University School of Law, Washington, DC, 1973. Tax Masters Program (non-degree), Georgetown University, while at SEC. B.S. Degree in Marketing Management, St. Peter's College, Jersey City, NJ, 1969. COMMUNITY SERVICE Founder and President of the Israel Sports Exchange, a 501(c)(3) organization, and General Chairman of annual Youth Maccabi Games held in Wayne, NJ in 1991 (Olympic style competition for 650 participants, 13 to 16 years old from various areas). Trustee of the YM-YWHA, Wayne, NJ Sponsor for Russian emigrant family of four adults; assisted them in establishing residence and finding gainful employment. OTHER INFORMATION Married, two children. Competitive swimmer in National Masters Program. Served in the New Jersey National Guard; Medical Discharge. DENNIS POLLACK 47 Blueberry Drive Woodcliff Lake, NJ 07677 Home: 201-930-1428 Cell: 201- 788-7267 Fax: 201-505-0271 Email: wclbanker@aol.com SUMMARY o Comprehensive experience as a Chief Executive Officer with particular expertise in enhancing shareholder value in regulated financial intermediaries o Skilled in building franchise value through proactive new business development efforts, sensible cost reduction and expense control programs, and cultivating a superior customer service culture o Competent in conceptual problem solving in matters related to finance, risk assessment, budgets, and team building o Human resource experience includes staff and management hiring, training and motivation, and reorganizing staff and management into a cohesive motivated team PROFESSIONAL EXPERIENCE KEY HIGHLIGHTS PAULSON & COMPANY, INC., NEW YORK, NY JUN 2004 TO Chief Operating Office- Hedge Fund- Merger Arbitrage PRESENT o Hired to institutionalize firm, build infrastructure, provide professional oversight o Increased AUM 80% in 16 month period to $4.5 billion o Responsible for day-to-day management of company, including Compliance, Accounting, Operations, Human Resources, IT, and Risk Management. o Solely responsible for managing prime broker, administrator, auditor, tax, and legal relationships VALLEY NATIONAL BANK, WAYNE, NEW JERSEY DEC 2001 - MAY 2004 Vice President- Lending Officer, New York o Originated and closed over $300MM loans o Focus on New York City opportunities o Note: Took five month leave of absence during time period CONNECTICUT BANK OF COMMERCE, STAMFORD, CT 1996 - 2001 COMPANY SOLD President & CEO and Board Member Apr 1996 - Nov 1998 Vice Chairman (consultant arrangement) Dec 1998 - May 2001 o Hired as CEO for troubled bank operating under Cease and Desist Order. o Directed all bank activities for state chartered commercial bank. o Planned and implemented all corporate strategies. o Hired competent new business developers and skilled lending and credit personnel o Cease and Desist Order eliminated after fourteen months of my oversight. FIRST FIDELITY BANK, HAWTHORNE, NEW YORK 1994 - 1995 COMPANY SOLD EVP, Rockland Region o Acted as spokesperson for First Fidelity Bank throughout Rockland County o Directed all new business generation activities, including cross-selling commercial banking services not previously offered by savings bank. SAVINGS BANK OF ROCKLAND COUNTY, SPRING VALLEY, NY 1988 - 1993 COMPANY SOLD President & CEO and Board Member o Hired as turn-around specialist for troubled New York State chartered savings bank. o Returned bank from "troubled" institution to healthy profitable bank returning 1% on assets and ROE of 14%. o Significantly improved bank's image and credit standards. SONY CORPORATION OF AMERICA 1985 - 1987 Medical Electronics- Divisional President(Start-up Division) o Pioneered Sony's venture into medical electronics business. o Directed overall operations: including all aspects of marketing, sales, finance, operations, human resources, product planning and development, strategic planning. Also responsible for company's overall P&L. o Traveled Europe, Africa, and Asia proffering Sony's vision of "intrapreneuring" as compared to entrepreneuring. SOME OTHER POSITIONS AXIOM MANAGEMENT CONSULTING NY NATIONAL BANK POLLACK INVESTMENT PARTNERSHIP PEGASUS FUNDING GROUP MOHAWK COMMUNITY BANK BOARD SEATS Wayne Savings Bank, Wayne, New Jersey Salvation Army, Greater NY & Spring Valley & Chairman of Spring Valley Chapter United Way, Rockland County, New York Good Samaritan Hospital (Advisory Council), Suffern, NY Interactive Flight Technologies, Phoenix, AZ (NASDAQ) Environmental Waste Management, Parsippany, New Jersey (NASDAQ) EDUCATION MBA, COLUMBIA UNIVERSITY 1984 Majors: Money & Financial Market BS, SETON HALL UNIVERSITY 1972 Major: Economics PERSONAL Authored and/or co-authored numerous articles, including: o "Managing the Human Dimensions of Mergers and Acquit ions in the o Banking Industry," Bankers Magazine, 1995. o "Is the Thrift Industry Worth Saving?" Bankers Magazine, 1993. o "Rx for Thrifts - A Survival Plan." Bankers Magazine, 1991. o "Deposit Insurance Reform: The Mandate for the 90's." Bottomline, 1990. Patrick A. Robinson 586 East Main Street Bridgewater, NJ 08807-3231 Patrick A. Robinson was a founder and member of Robinson & Glorisi from 1993 to 2000, when he founded Robinson, Burns, & McCarthy, a law firm located in Bridgewater, New Jersey, at which he is still a member. Mr. Robinson has been recognized by the New Jersey Supreme Court as a Certified Civil Trial Attorney. Pat graduated from Seton Hall University with a Bachelor's degree in history and Seton Hall University School of Law with a Juris Doctor degree. Following law school, he served a judicial clerkship with Hon. David G. Lucas. Pat is an active member of the American Bar Association, New Jersey State Bar Association, Somerset County Bar Association, Defense Research Institute and New Jersey Defense Association. He has served on the Civil Practice Committee of the Somerset County Bar Association and twice served as state chairman of the Construction Law Committee for the New Jersey Defense Association. Pat was admitted in 1977 to practice in New Jersey and the U.S. District Court for the District of New Jersey. He has received an AV rating from Martindale-Hubbell which is a peer judgment reflecting the "highest ethical standards" and "preeminent legal abilities." Harold A. Schechter, CPA 38 Rillo Drive Wayne, NJ 07470 Home Phone (973) 694-7768 Fax (973) 696-2816 Email: hesch44@aol.com - -------------------------------------------------------------------------------- SEASONED, WORLD CLASS, FINANCIAL and OPERATING EXECUTIVE with extensive global experience, acquired as Chief Financial Officer and Chief Operating Officer of manufacturing, importing and distribution businesses. Valued and trusted partner with the executive leadership team to drive growth and profitability. Strong working knowledge and hands-on experience in:
Executive Leadership Strategic Planning Banking Relationships Negotiations Building Organizations Forecasting Cash Management Brand licensing Management Reporting Budgeting Credit & Collections IT Asian Sourcing Purchasing Internal Controls
- -------------------------------------------------------------------------------- ACCOMPLISHMENTS o Guided the growth mid-sized accessory importer from $11M to over $120M by restructuring capitalization and credit lines, initiating cost controls, improving product cost, quality and shortening delivery times. o Improved Gross Margin by over 5% by continually finding new and more efficient sources of supply. Traveled extensively in the Far East to monitor and control product production and delivery. o Implemented "open to buy" system for controlling import purchases resulting in doubling the inventory turns from 2 turns to 4. Result was reducing the financing requirements by over $5 million. o Greatly improved the company's cash flow 8 % by negotiating open credit lines rather than Letter of Credit terms with most of the overseas suppliers. o Organized the A/R operation to eliminate $800K of unresolved charge backs and clear all charge backs within 90 days. Sales dilution was reduced from 12% to 7%. o Established greater availability of financial resources by negotiating new credit lines which increased borrowing power from $2 million to $16 million over four years. o Strengthened company's competitiveness and profitability by devising and executing effective negotiations to secure an exclusive national distributor licensing agreements with3 major apparel designers, increasing sales by 35%. o Reduced the companies distribution cost from 7% of sales to under 4% by changing from inside warehousing and distribution to 3rd party warehouse on the East and West Coast. PROFESIONAL EXPERIENCE JACLYN, INC., West New York, NJ 2003-PRESENT AMEX listed importer and distributor of apparel DIRECTOR AND CHAIRMAN OF THE AUDIT COMMITTEE GLOBAL DESIGN CONCEPTS, INC. New York, NY 2005-PRESENT Mid sized importer and distributor of accessories and handbags VICE PRESIDENT & C F O HAROLD SCHECHTER PAGE 2 Creative Salon Concepts, Parsippany, NJ 2001-2005 Wholesale distributor and retailer of imported and domestic beauty products VICE PRESIDENT, COO & CFO Lead the Company through "due diligence", contract negotiation and administrative implementation which resulted in the successful sales of one of the Company's distribution businesses. Improved cash flow by improving collections, and systematizing the payables. In order to increase profitability, instituted inventory operational and accounting controls. Enabled the CEO to better monitor the operation by providing timely and accurate management reports not previously available. Verdi Travelware Ltd / Monarch Luggage, N.Y, NY 1978-2001 Mid sized importer and distributor of luggage, accessories and bags EXECUTIVE VICE PRESIDENT (CHIEF OPERATING OFFICER AND CFO) As CFO, managed to the day to day financial, accounting and treasury activities including factoring and banking relationships. As COO, had broad responsibilities developing EDP systems, controlling distribution and overseeing administration. Responsible for sourcing and development of the Company's Product Line. Traveled extensively in Asia, including, China, Taiwan, Thailand, the Philippines, South Korea and Hong Kong in order to oversee and monitor product cost, quality and production. Restructured the financing and the operation of the Company after the former Principal reacquired the Company. Returned the Company to successful operation resulting in the Company's resale. Preserved corporate profitability by reducing costs proportionate to sales during a market decline, planning and instituting tighter fiscal controls and strategic personnel changes at all levels. Kept the Company functioning through the downturn, rearranged financing and vendor credits so Company could be sold successfully to Schottenstein Stores A.T.I. Inc. Totowa, NJ / Milford, CT. Amex listed contract packager Assistant Corporate Treasurer / Division Controller Cadence Industries Corporation, New York, NY NYSE mid cap conglomerate Division Controller, Motion Picture Advertising Corp. Corporate Accounting Manager Deloitte and Touche, New York, NY Senior Accountant E D U C A T I O N New York University Graduate School of Business, New York, NY MBA Program in Accounting The Wharton School, University of Pennsylvania, Philadelphia, Pa BS Degree in Economics -----END PRIVACY-ENHANCED MESSAGE-----