-----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, Nut3p6prxCJ9fa72PlQRYQVp6WQeNmCd1cdmn9pqoJiHjMD8EGHaZsKA9yYQ2KcO JyOrMj6oVJRgMYOoY2zBHw== 0000921895-02-000701.txt : 20021126 0000921895-02-000701.hdr.sgml : 20021126 20021125191425 ACCESSION NUMBER: 0000921895-02-000701 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEL GLOBAL TECHNOLOGIES CORP CENTRAL INDEX KEY: 0000027748 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 131784308 STATE OF INCORPORATION: NY FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36626 FILM NUMBER: 02839919 BUSINESS ADDRESS: STREET 1: 1 COMMERCE PARK CITY: VALHALLA STATE: NY ZIP: 10595 BUSINESS PHONE: 9146863600 MAIL ADDRESS: STREET 1: 1 COMMERCE PARK CITY: VALHALLA STATE: NY ZIP: 10595 FORMER COMPANY: FORMER CONFORMED NAME: DEL ELECTRONICS CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STEEL PARTNERS II L P CENTRAL INDEX KEY: 0000915653 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 150 EAST 52ND STREET STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-813-1500 MAIL ADDRESS: STREET 1: 150 EAST 52ND STREET, 21ST FLOOR CITY: NY STATE: NY ZIP: 10022 SC 13D/A 1 from13da01874_11202002.htm SC 13D/A2 sec document 
                       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. 2)(1)


                          DEL GLOBAL TECHNOLOGIES CORP.
                          -----------------------------
                                (Name of Issuer)

                          COMMON STOCK, $.10 PAR VALUE
                          ----------------------------
                         (Title of Class of Securities)

                                   245073 10 1
                                   -----------
                                 (CUSIP Number)

                              STEVEN WOLOSKY, ESQ.
                 OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
                                 505 Park Avenue
                            New York, New York 10022
                                 (212) 753-7200
                                 --------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                November 20, 2002
                                -----------------
             (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
for other parties to whom copies are to be sent.

                         (Continued on following pages)

                               (Page 1 of 7 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. 245073 10 1                  13D             Page 2 of 7 Pages
- ------------------------------                   -------------------------------


================================================================================

      1            NAME OF REPORTING PERSONS
                   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                              STEEL PARTNERS II, L.P.
- --------------------------------------------------------------------------------
      2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
      3            SEC USE ONLY

- --------------------------------------------------------------------------------
      4            SOURCE OF FUNDS*
                        WC
- --------------------------------------------------------------------------------
      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
- --------------------------------------------------------------------------------
   NUMBER OF           7   SOLE VOTING POWER
    SHARES
  BENEFICIALLY                 902,916
    OWNED BY       -------------------------------------------------------------
      EACH             8   SHARED VOTING POWER
    REPORTING
   PERSON WITH                 -0-
                   -------------------------------------------------------------
                       9   SOLE DISPOSITIVE POWER

                               902,916
                   -------------------------------------------------------------
                      10   SHARED DISPOSITIVE POWER

                               -0-
- --------------------------------------------------------------------------------
      11           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
                   PERSON

                         902,916
- --------------------------------------------------------------------------------
      12           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
                   CERTAIN SHARES*                                           / /
- --------------------------------------------------------------------------------
      13           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                         8.7%
- --------------------------------------------------------------------------------
      14           TYPE OF REPORTING PERSON*

                         PN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!






- ------------------------------                   -------------------------------
CUSIP No. 245073 10 1                  13D             Page 3 of 7 Pages
- ------------------------------                   -------------------------------


================================================================================

      1            NAME OF REPORTING PERSONS
                   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                              WARREN G. LICHTENSTEIN
- --------------------------------------------------------------------------------
      2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
      3            SEC USE ONLY

- --------------------------------------------------------------------------------
      4            SOURCE OF FUNDS*
                        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

                        USA
- --------------------------------------------------------------------------------
   NUMBER OF           7   SOLE VOTING POWER
    SHARES
  BENEFICIALLY                 902,916
    OWNED BY       -------------------------------------------------------------
      EACH             8   SHARED VOTING POWER
    REPORTING
   PERSON WITH                 -0-
                   -------------------------------------------------------------
                       9   SOLE DISPOSITIVE POWER

                               902,916
                   -------------------------------------------------------------
                      10   SHARED DISPOSITIVE POWER

                               -0-
- --------------------------------------------------------------------------------
      11           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
                   PERSON

                         902,916
- --------------------------------------------------------------------------------
      12           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
                   CERTAIN SHARES*                                           / /
- --------------------------------------------------------------------------------
      13           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                         8.7%
- --------------------------------------------------------------------------------
      14           TYPE OF REPORTING PERSON*

                         IN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!




- ------------------------------                   -------------------------------
CUSIP No. 245073 10 1                  13D             Page 4 of 7 Pages
- ------------------------------                   -------------------------------


================================================================================

      1            NAME OF REPORTING PERSONS
                   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                              WEBFINANCIAL CORPORATION
- --------------------------------------------------------------------------------
      2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
      3            SEC USE ONLY

- --------------------------------------------------------------------------------
      4            SOURCE OF FUNDS*
                        WC
- --------------------------------------------------------------------------------
      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
- --------------------------------------------------------------------------------
   NUMBER OF           7   SOLE VOTING POWER
    SHARES
  BENEFICIALLY                 28,646
    OWNED BY       -------------------------------------------------------------
      EACH             8   SHARED VOTING POWER
    REPORTING
   PERSON WITH                 -0-
                   -------------------------------------------------------------
                       9   SOLE DISPOSITIVE POWER

                               28,646
                   -------------------------------------------------------------
                      10   SHARED DISPOSITIVE POWER

                               -0-
- --------------------------------------------------------------------------------
      11           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
                   PERSON

                         28,646
- --------------------------------------------------------------------------------
      12           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
                   CERTAIN SHARES*                                           / /
- --------------------------------------------------------------------------------
      13           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                         Less than 1%
- --------------------------------------------------------------------------------
      14           TYPE OF REPORTING PERSON*

                         CO
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



- ------------------------------                   -------------------------------
CUSIP No. 245073 10 1                  13D             Page 5 of 7 Pages
- ------------------------------                   -------------------------------


            The following constitutes Amendment No. 2 ("Amendment No. 2") to the
Schedule 13D filed by the undersigned.  This Amendment No. 2 amends the Schedule
13D as specifically set forth.

     The first paragraph of Item 3 is hereby amended and restated as follows:

            The aggregate  purchase  price of the 902,916  Shares owned by Steel
Partners II is  $2,908,696.  The Shares owned by Steel Partners II were acquired
with partnership funds.

     Item 5(a)-(b) is hereby amended and restated as follows:

            The  aggregate  percentage of Shares  reported  owned by each person
named herein is based upon  10,347,515  Shares  outstanding,  which is the total
number of Shares  outstanding as reported in the Issuer's  Annual Report on Form
10-K for the fiscal year ended August 3, 2002.

            As of the close of business on November 22, 2002,  Steel Partners II
beneficially owned 902,916 Shares, constituting approximately 8.7% of the Shares
outstanding.  Mr. Lichtenstein  beneficially owned 902,916 Shares,  constituting
approximately 8.7% of the Shares  outstanding.  Mr. Lichtenstein has sole voting
and dispositive power with respect to the 902,916 Shares owned by Steel Partners
II by virtue of his authority to vote and dispose of such Shares.

            As of the close of  business  on  November  22,  2002,  WebFinancial
beneficially  owned  28,646  Shares,  constituting  less  than 1% of the  Shares
outstanding.

     Item 5(c) is hereby amended to add the following:

            Schedule B annexed  hereto  lists all  transactions  in the Issuer's
Shares since the filing of Amendment  No. 1 to the Schedule 13D by the Reporting
Persons. All of such transactions were effected in the open market.





- ------------------------------                   -------------------------------
CUSIP No. 245073 10 1                  13D             Page 6 of 7 Pages
- ------------------------------                   -------------------------------

                                   SIGNATURES

            After  reasonable  inquiry  and to the  best  of his  knowledge  and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.


Dated: November 22, 2002           STEEL PARTNERS II, L.P.

                                   By:  Steel Partners, L.L.C.
                                        General Partner


                                   By: /s/   Warren G. Lichtenstein
                                      --------------------------------
                                      Name:  Warren G. Lichtenstein,
                                      Title: Chief Executive Officer


                                   /s/   Warren G. Lichtenstein
                                   -----------------------------------
                                   WARREN G. LICHTENSTEIN


                                   WEBFINANCIAL CORPORATION


                                   By: /s/   Warren G. Lichtenstein
                                      --------------------------------
                                      Name:  Warren G. Lichtenstein
                                      Title: President & Chief Executive Officer







- ------------------------------                   -------------------------------
CUSIP No. 245073 10 1                  13D             Page 7 of 7 Pages
- ------------------------------                   -------------------------------

                                   SCHEDULE B

Transactions in the Shares Since the Filing of Amendment No. 1 to the Schedule 13D
- ----------------------------------------------------------------------------------
Shares of Common Stock               Price Per                         Date of
      Purchased                      Share($)                          Purchase
      ---------                      --------                          --------

                             STEEL PARTNERS II, L.P.
                             -----------------------
         7,500                       $2.5400                           10/21/02
         5,000                       $2.5350                           10/30/02
        56,500                       $2.5433                           10/31/02
         5,000                       $2.5220                           11/04/02
         9,000                       $2.4800                           11/05/02
         5,000                       $1.9500                           11/11/02
         5,000                       $2.0300                           11/13/02
        18,500                       $2.0143                           11/20/02
         5,000                       $2.0100                           11/22/02

                             WARREN G. LICHTENSTEIN
                             ----------------------
                                      None

                            WEBFINANCIAL CORPORATION
                            ------------------------
                                      None
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