-----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, OSNEB66Z4pBECihxwxD51nlkRzoUMIxiAWnLBJ49TM2hsXXUSOaCa/lsQcRHXaWA tKDWJTZlM+c8xiRIXhEGdQ== 0000950168-96-001595.txt : 19980210 0000950168-96-001595.hdr.sgml : 19980210 ACCESSION NUMBER: 0000950168-96-001595 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960822 DATE AS OF CHANGE: 19980207 SROS: NONE GROUP MEMBERS: BARRY HALPERIN GROUP MEMBERS: HALCO INDUSTRIES INC GROUP MEMBERS: MAURICE HALPERIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HMG COURTLAND PROPERTIES INC CENTRAL INDEX KEY: 0000311817 STANDARD INDUSTRIAL CLASSIFICATION: 6798 IRS NUMBER: 591914299 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-32993 FILM NUMBER: 96618928 BUSINESS ADDRESS: STREET 1: 2701 S BAYSHORE DR CITY: COCONUT GROVE STATE: FL ZIP: 33133 BUSINESS PHONE: 3058546803 MAIL ADDRESS: STREET 1: 2701 S BAYSHORE DRIVE STREET 2: 2701 S BAYSHORE DRIVE CITY: COCONUT GROVE STATE: FL ZIP: 33133 FORMER COMPANY: FORMER CONFORMED NAME: HMG PROPERTY INVESTORS INC DATE OF NAME CHANGE: 19880215 FORMER COMPANY: FORMER CONFORMED NAME: HOSPITAL MORTGAGE GROUP INC DATE OF NAME CHANGE: 19810818 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HALCO INDUSTRIES INC CENTRAL INDEX KEY: 0001017926 STANDARD INDUSTRIAL CLASSIFICATION: STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 441 SOUTH FEDERAL HIGHWAY CITY: DEERFIELD BEACH STATE: FL ZIP: 33441 BUSINESS PHONE: 4079890382 SC 13D 1 SC13D HALCO INDUSTRIES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 15)* HMG COURTLAND PROPERTIES, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 404232-10-1 (CUSIP Number) Gerald F. Roach Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. P.O. Box 2611, Raleigh, North Carolina 27602 (919) 821-6668 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 13, 1996 (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 [_]. Check the following box if a fee is being paid with the statement [_]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 ("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). 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Halco Industries, Inc. 04-224-1978 - - ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - - ------------------------------------------------------------------- 3 SEC USE ONLY - - ------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - - ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [X] - - ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - - ------------------------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER OF _______________________________________________ SHARES 8 SHARED VOTING POWER 66,600 BENEFICIALLY _______________________________________________ OWNED BY 9 SOLE DISPOSITIVE POWER -0- EACH _______________________________________________ PERSON 10 SHARED DISPOSITIVE POWER 66,600 - - ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 66,600 - - ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - - ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7% - - ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - - ------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 2 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Maurice Abraham Halperin ###-##-#### - - ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - - ------------------------------------------------------------------ 3 SEC USE ONLY - - ------------------------------------------------------------------ 4 SOURCE OF FUNDS* N/A - - ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [X] - - ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - - ------------------------------------------------------------------ 7 SOLE VOTING POWER -0- NUMBER OF ______________________________________________ SHARES 8 SHARED VOTING POWER -0- BENEFICIALLY ______________________________________________ OWNED BY 9 SOLE DISPOSITIVE POWER -0- EACH ______________________________________________ PERSON 10 SHARED DISPOSITIVE POWER -0- - - ------------------------------------------------------------------ 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% - - ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - - ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barry Steven Halperin ###-##-#### - - ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - - ------------------------------------------------------------------ 3 SEC USE ONLY - - ------------------------------------------------------------------ 4 SOURCE OF FUNDS* N/A - - ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [X] - - ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - - ------------------------------------------------------------------ 7 SOLE VOTING POWER 110,500 NUMBER OF ______________________________________________ SHARES 8 SHARED VOTING POWER 66,600 BENEFICIALLY ______________________________________________ OWNED BY 9 SOLE DISPOSITIVE POWER 110,500 EACH ______________________________________________ PERSON 10 SHARED DISPOSITIVE POWER 66,600 - - ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 177,100 - - ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - - ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.2% - - ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - - ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 Item 1. Security and Issuer. This Amendment No. 15 to the Statement on Schedule 13D (the "Schedule") of the undersigned relates to the Common Stock of HMG Courtland Properties, Inc., (the "Company"), whose principal executive offices are located at 2701 South Bayshore Drive, Coconut Grove, Florida 33133. Item 2. Identity and Background. This Amendment No. 15 to the Schedule is filed on behalf of Maurice A. Halperin, Barry S. Halperin and Halco Industries, Inc., a Massachusetts corporation ("Halco")(Barry S. Halperin and Halco are sometimes referred to herein as the "Halperin Group"). Maurice A. Halperin no longer has (i) sole or shared voting power or (ii) sole or shared dispositive power over any shares of the Company's Common Stock including the shares of Common Stock owned by the Halperin Group. Barry S. Halperin is a former Director and President of Empire of Carolina, Inc., a Delaware corporation ("Empire"), is currently the President of Halco and is a citizen of the United States. The business address of Barry S. Halperin is 2500 North Military Trail, Boca Raton, Florida 33431. Halco's principal business is investments in businesses. Barry S. Halperin owns approximately 99% of the common stock of Halco. Halco's directors are Maurice A. Halperin and Barry S. Halperin. Halco's executive officers are: Barry S. Halperin-- President and Treasurer; Maurice A. Halperin--Executive Vice President and Secretary. Maurice A. Halperin is the former Chairman of the Board and Chief Executive Officer of Empire and is currently retired. Halco's business address is 2500 North Military Trail, Boca Raton, Florida 33431. In October, 1991, the Securities and Exchange Commission filed a complaint in the United States District Court for the District of Columbia alleging certain violations of the federal securities laws by the Halperin Group and Maurice A. Halperin in connection with transactions in the common stock of the Company. Without admitting or denying the complaint's allegations, and simultaneously with the filing of the complaint, the Halperin Group and Maurice A. Halperin consented to the entry of permanent injunctions against future violations of Section 13(d) of the Securities Exchange Act of 1934 and Rules 12b-20 and 13d-2 promulgated thereunder. Barry S. Halperin consented to the entry of a permanent injunction against future violations of Section 16(a) of the Securities and Exchange Act of 1934 and Rule 16a-3 promulgated thereunder. Maurice A. Halperin, Barry S. Halperin, and Halco consented to entries of orders requiring them to pay civil monetary fines of $50,000, $50,000, and $100,000 respectively. Maurice A. Halperin also consented to an entry of a permanent injunction against future violations of Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Other than as disclosed above, neither Barry S. Halperin, Maurice A. Halperin nor the officers or directors of Halco have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or have been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any of such persons was or is subject to a judgment, 5 decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or any violations with respect to such laws. Item 3. Sources and Amount of Funds or Other Consideration. This Amendment No. 15 to Schedule 13D does not relate to the acquisition of shares. Except to the extent described herein, none of the shares currently owned by the Halperin Group are subject to any liens or encumbrances. Item 4. Purpose of Transaction. The Halperin Group is contemplating selling all or a portion of their respective shares of the Company's Common Stock in one or more market or private transactions, potentially including transactions with the Company. The Halperin Group has not entered into any agreement or agreements regarding the sale of the Common Stock. There can be no assurance that the contemplated sales will take place. Item 5. Interest in Securities of the Issuer. There have been no transactions in the Common Stock by the Halperin Group since the filing of Amendment No. 14 to this Schedule. The purpose of this Amendment 15 to the Schedule is to (i) disclose that Maurice A. Halperin no longer has sole or shared dispositive or voting rights with respect to the Common Stock owned by the Halperin Group and accordingly is no longer the beneficial owner of any shares of the Company's Common Stock and (ii) disclose a change in the investment intent of the Halperin Group as reported in Item 4 to this Amendment No. 15. Information concerning the Common Stock ownership and percentage of outstanding shares of the Halperin Group is contained in the cover pages to this Amendment No. 15 to the Schedule, and such information is incorporated herein by reference. Maurice A. Halperin no longer has any beneficial ownership interest in the Company's Common Stock. The Halperin Group as a group beneficially own 177,100 shares, or 15.2% of the Company's outstanding Common Stock. Barry S. Halperin shares voting and dispositive power with Halco with respect to the 66,600 shares held by Halco and has sole voting and dispositive power with respect to the 110,500 shares he owns individually. Halco shares voting and dispositive power with Barry S. Halperin with respect to the 66,600 shares it owns. 6 Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect to Securities of the Issuer. Certain relationships among the Halperin Group and Maurice A. Halperin are disclosed in other Items of this Schedule. Barry S. Halperin is the son of Maurice A. Halperin. Other than as otherwise disclosed in this Schedule, the Halperin Group and Maurice A. Halperin have no express agreement, arrangement, or understanding regarding the Common Stock of the Company. Item 7. Material to Be Filed as Exhibits.
======================================================================================================================= Exhibit Description Status - - ----------------------------------------------------------------------------------------------------------------------- 1. Joint Filing Agreement Filed as exhibit to Amendment 8 to the Schedule dated October 11, 1989 - - ----------------------------------------------------------------------------------------------------------------------- 2. Joint Filing Agreement Filed as exhibit to Amendment 10 to the Schedule dated April 16, 1990 - - ----------------------------------------------------------------------------------------------------------------------- 3. Loan Agreement between Sumner Segal Filed as exhibit to Amendment 11 to and Halco Industries, Inc., including the Schedule dated May 30, 1990 Promissory Note - - ----------------------------------------------------------------------------------------------------------------------- 4. Loan Agreement between Carl Derman and Filed as exhibit to Amendment 11 to Halco Industries, Inc., including the Schedule dated May 30, 1990 Promissory Note - - ----------------------------------------------------------------------------------------------------------------------- 5. Cancelled Promissory Note of Sumner Filed as exhibit to Amendment 12 to Segal the Schedule dated July 17, 1991 - - ----------------------------------------------------------------------------------------------------------------------- 6. Cancelled Promissory Note of Carl Derman Filed as exhibit to Amendment 12 to the Schedule dated July 17, 1991 =======================================================================================================================
7 SIGNATURE After reasonable inquiry and to the best of each of such person's knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete, and correct. Dated: August 21, 1996 HALCO INDUSTRIES, INC. By /s/ Barry S. Halperin ---------------------- Title President --------- /s/ Maurice A. Halperin ----------------------- Maurice A. Halperin /s/ Barry S. Halperin --------------------- Barry S. Halperin 8 -----END PRIVACY-ENHANCED MESSAGE-----