-----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, PAX9Muz0e+cu6S4+l+K0ymXFCTQJNw5Qfg59xCgr6pvl7EfHfxIIcfwg6QhHZURX GGfjk2Axzx5iT4b925D8Yg== 0000889812-99-003628.txt : 19991210 0000889812-99-003628.hdr.sgml : 19991210 ACCESSION NUMBER: 0000889812-99-003628 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAXCOR FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000931707 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 593262958 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46439 FILM NUMBER: 99771224 BUSINESS ADDRESS: STREET 1: TWO WORLD TRADE CTR STREET 2: 84TH FL CITY: NEW YORK STATE: NY ZIP: 10048 BUSINESS PHONE: 2127487000 MAIL ADDRESS: STREET 1: TWO WORLD TRADE CENTER STREET 2: 84TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10048 FORMER COMPANY: FORMER CONFORMED NAME: FINANCIAL SERVICES ACQUISITION CORP /DE/ DATE OF NAME CHANGE: 19941020 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHARF GILBERT D CENTRAL INDEX KEY: 0000936895 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: TWO WORLD TRADE CENTER STREET 2: 84TH FL CITY: NEW YORK STATE: NY ZIP: 10048 MAIL ADDRESS: STREET 1: TWO WORLD TRADE CENTER STREET 2: 84TH FL CITY: NEW YORK STATE: NY ZIP: 10048 SC 13D/A 1 AMENDMENT NO. 8 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-1) Information to be Included in Statements Filed Pursuant to 13d-1(a) and Amendments Thereto Filed Pursuant to 13d-2(a) (Amendment No. 8)* Maxcor Financial Group Inc. --------------------------------- (Name of Issuer) Common Stock, par value $.001 per share ------------------------------------------------ (Title of Class of Securities) 57772G-10-0 ----------------- (CUSIP Number) Gilbert D. Scharf P.O. Box 1124 Ponte Vedra Beach, Florida 32004 with a copy to: General Counsel Maxcor Financial Group Inc. Two World Trade Center, 84th Floor New York, New York 10048 (212) 748-7000 ---------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 22, 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), 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. *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). Page 1 of 5 pages SCHEDULE 13D - ------------------------------ --------------------------- CUSIP No. 57772G 10 0 Page 2 of 5 Pages --------------- ------ --- - ------------------------------ --------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Gilbert D. Scharf - ------------------------------------------------------------------------------- 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 PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 NUMBER OF SOLE VOTING POWER SHARES 1,271,383 (including shares issuable upon currently exercisable Options) ------------------------------------------------------------- 8 BENEFICIALLY SHARED VOTING POWER OWNED BY 0 ------------------------------------------------------------- 9 EACH SOLE DISPOSITIVE POWER REPORTING 1,271,383 (including shares issuable upon currently exercisable Options) ------------------------------------------------------------- 10 PERSON SHARED DISPOSITIVE POWER WITH 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,271,383 (including shares issuable upon currently exercisable Options) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.95% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 5 pages Gilbert D. Scharf (the "Reporting Person") hereby amends his Statement on Schedule 13D, dated December 7, 1994 (previously amended on March 14, 1996, amended and restated on August 28, 1996, and further amended on each of December 9, 1997, January 13, 1998, December 23, 1998, January 11, 1999 and May 7, 1999), relating to the Common Stock, $.001 par value, of Maxcor Financial Group Inc., a Delaware corporation, as follows: Item 3. Source and Amount of Funds or Other Consideration The following sentence is hereby added to the end of the first paragraph of Item 4: At a meeting of the Issuer's stockholders held on June 9, 1999, the Reporting Person was re-elected as a director of the Issuer to serve a three-year term expiring at the Issuer's annual meeting in 2002. Paragraph (h) of Item 3 is hereby deleted and replaced in its entirety by the following: (h) On January 4, 1999, the Reporting Person purchased (for his IRA accounts), in the over-the-counter market through his broker, 1,000 shares of Common Stock at a per share price of $1.65625 and 6,300 shares of Common Stock at a per share price of $1.50. On April 16, 1999, the Reporting Person purchased (for his IRA accounts), in the over-the-counter market through his broker, 10,000 shares of Common Stock at a per share price of $1.50. On each of August 5, 6 and 9, 1999, the Reporting Person purchased (for the account of the Gilbert D. Scharf Living Trust, of which the Reporting Person is sole trustee), in the over-the-counter market through his broker, 5,000 shares of Common Stock (for a total of 15,000 shares over the three days), at per share prices, respectively, of $2.25 on August 5 and 6, 1999, and $2.375 on August 9, 1999. On November 4, 1999, the Reporting Person purchased (for the account of the Gilbert D. Scharf Living Trust), in the over-the-counter market through his broker, an aggregate of 7,500 shares of Common Stock, 5,000 of which were at a per share price of $3.00, and 2,500 of which were at a per share price of $2.75. On November 5, 1999, the Reporting Person purchased (for his IRA accounts), in the over-the-counter market through his broker, an aggregate of 5,000 shares of Common Stock at a per share price of $2.75. On November 10, 12 and 22, 1999, the Reporting Person purchased (for the account of the Gilbert D. Scharf Living Trust), in the over-the-counter market through his broker, an aggregate of 7,000 shares of Common Stock, 1,000 of which were purchased on November 10 at a per share price of $2.50, 1,000 of which were purchased on November 12 at a per share price of $2.5625, and 5,000 of which were purchased on November 22 at a per share price of $2.50. Item 5. Interest in Securities of the Issuer. Paragraph (a) of Item 5 is hereby deleted and replaced in its entirety by the following: (a) The Reporting Person currently beneficially owns 1,271,383 shares of Common Stock. This number of shares represents: (i) 661,839 shares of Common Stock that are directly owned (including through IRA accounts) by the Reporting Person, (ii) 440,794 shares of Common Stock that are held in the Gilbert D. Scharf Living Trust, of which the Reporting Person is the sole trustee and (iii) 168,750 Options that are currently exercisable. In its Quarterly Page 3 of 5 pages Report on Form 10-Q for the quarterly period ended September 30, 1999, the Issuer reported that a total of 8,337,437 shares of Common Stock were outstanding as of November 11, 1999. Based on such information, the Common Stock currently beneficially owned by the Reporting Person represents approximately 14.95% of the Common Stock outstanding (including shares issuable upon exercise of the currently exercisable Options held by the Reporting Person). Page 4 of 5 pages SIGNATURE PAGE After reasonable inquiry and to the best of my knowledge and belief, I certify the information set forth in this Statement is true, complete and correct. Dated: December 9, 1999 /s/ Gilbert D. Scharf --------------------------------- Gilbert D. Scharf Page 5 of 5 pages -----END PRIVACY-ENHANCED MESSAGE-----