-----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, RX455k0/TK+3eQs1avIxCFg3rdoC9HpQCzUZ7yjjC3OT2K34KjE97cEcf1w7jVm6 gydo0ALBUC1QkyXZO6OUAw== 0000912057-97-024475.txt : 19970718 0000912057-97-024475.hdr.sgml : 19970718 ACCESSION NUMBER: 0000912057-97-024475 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970717 SROS: NONE GROUP MEMBERS: ALL-TECH INVESTMENT GROUP, INC. GROUP MEMBERS: HOUTKIN HARVEY GROUP MEMBERS: MARK SHEFTS GROUP MEMBERS: RUSHMORE FINANCIAL SERVICES, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HERLEY INDUSTRIES INC /NEW CENTRAL INDEX KEY: 0000047035 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 232413500 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-34884 FILM NUMBER: 97642051 BUSINESS ADDRESS: STREET 1: 10 INDUSTRY DR CITY: LANCASTER STATE: PA ZIP: 17603 BUSINESS PHONE: 7173972777 MAIL ADDRESS: STREET 1: 10 INDUSTRY DRIVE CITY: LANCASTER STATE: PA ZIP: 17603 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY MICROWAVE SYSTEMS INC DATE OF NAME CHANGE: 19900510 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY INDUSTRIES INC DATE OF NAME CHANGE: 19831103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOUTKIN HARVEY CENTRAL INDEX KEY: 0000905215 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 78 LAFAYETTE AVENUE STREET 2: SUITE 207 CITY: SUFFERN STATE: NY ZIP: 10901 BUSINESS PHONE: 2017820200 MAIL ADDRESS: STREET 1: C/O ALL TECH STREET 2: 160 SUMMIT AVE CITY: MONTVALE STATE: NJ ZIP: 07645 SC 13D 1 SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 HERLEY INDUSTRIES, INC. ----------------------------------------------------------------- (Name of Issuer) Common Stock ----------------------------------------------------------------- (Title of Class of Securities) 427398 ----------------------------------------------------------------- (CUSIP Number) Harvey Houtkin, c/o All-Tech Investment Group, Inc. 160 Summit Avenue, Montvale, New Jersey 07645//(201) 782-0200 ----------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 30, 1997 ----------------------------------------------------------------- (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 this statement /X/. (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). Page 1 of 10 SCHEDULE 13D CUSIP No. 427398 13D Page 2 of 10 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons All-Tech Investment Group, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC/OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization New York - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power -0- by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 96,320 -------------------------------------------------- (9) Sole Dispositive Power -0- -------------------------------------------------- (10) Shared Dispositive Power 96,320 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 96320 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 3.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* BD - ------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 427398 13D Page 3 of 10 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Rushmore Financial Services, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC/OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization New Jersey - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power -0- by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 130,237 -------------------------------------------------- (9) Sole Dispositive Power -0- -------------------------------------------------- (10) Shared Dispositive Power 130,237 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 130,237 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 427398 13D Page 4 of 10 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Harvey Houtkin - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF WC OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 87,851 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 1,100 -------------------------------------------------- (9) Sole Dispositive Power 87,851 -------------------------------------------------- (10) Shared Dispositive Power 131,337 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 219,188 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* /X/ - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 7.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 427398 13D Page 5 of 10 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Mark Shefts - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC/OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power -0- by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 130,237 -------------------------------------------------- (9) Sole Dispositive Power -0- -------------------------------------------------- (10) Shared Dispositive Power 130,237 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 130,237 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* /X/ - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- Item 1. Security and Issuer Common Stock Herley Industries, Inc. 10 Industry Drive Lancaster, PA17603-4092 Item 2. Identity and Background (a) All-Tech Investment Group, Inc. (b) 160 Summit Avenue Montvale, New Jersey 07645 (c) Registered broker/dealer, 160 Summit Avenue, Montvale, NJ 07645 (d) No (e) No (f) New York 90.5% of the shares of All-Tech Investment Group, Inc. ("All-Tech"), a registered broker/dealer which makes a market in the issuer's stock, are owned by Rushmore Financial Services, Inc. ("Rushmore"). Information with respect to Rushmore is as follows: (a) Rushmore Financial Services, Inc. (b) 160 Summit Avenue Montvale, New Jersey 07645 (c) Holding company of All-Tech Investment Group, Inc. and Domestic Securities, Inc. (d) No (e) No (f) New Jersey Information with respect to Mr. Houtkin is set forth below. (a) Harvey Houtkin (b) c/o All-Tech Investment Group, Inc. 160 Summit Avenue Montvale, New Jersey 07645 (c) Chairman of the Board, CEO and Secretary, All-Tech Investment Group, Inc.; Chairman of the Board and President, Domestic Securities, Inc. All-Tech and Domestic are registered broker-dealers. Chairman of the Board and President, Rushmore Financial Services, Inc. All of such companies are located at 160 Summit Avenue, Montvale, NJ 07645 (d) No Page 6 of 10 (e) In 1990 a consent order was issued by the New Jersey Bureau of Securities pursuant to a negotiated amicable resolution of the application for registration of Domestic Securities, Inc. ("Domestic"), a registered broker-dealer, in the State of New Jersey. The order provided that neither Domestic nor Mr. Houtkin would reapply for registration for three years and the New JerseyBureau of Securities would be reimbursed $50,000 in respect of its costs of investigation of the application. Mr. Houtkin and Domestic are now registered in the State of New Jersey. (f) United States Information with respect to Mr. Shefts is set forth below. (a) Mark Shefts (b) c/o All-Tech Investment Group, Inc. 160 Summit Avenue Montvale, New Jersey 07645 (c) President/Treasurer All-Tech Investment Group, Inc., Domestic Securities, Inc. and Rushmore Financial Services, Inc., 160 Summit Avenue, Montvale, NJ 07645 (d) No (e) No (f) United States (d) No (e) No (f) New York Item 3. Source and Amount of Funds or Other Consideration. Amounts set forth below are for shares owned directly by a reporting person. WC/OO All-Tech Investment Group, Inc., a registered broker/dealer which makes a market in the issuer's stock, owned 96,320 shares (3.2%) as of June 30, 1997. All of such shares were purchased on margin. All of the stock of All-Tech is owned by Rushmore. WC/OO Rushmore Financial Services, Inc. owned 33,917 shares (1.1%) of the issuer directly, all of which were purchased on margin and 96,320 (3.2%) shares indirectly, through its ownership of All-Tech, as of June 30, 1997. Rushmore is owned 50% by Mr. Shefts and 50% by Mr. Houtkin. Page 7 of 10 PF/OO All 87,851 of the shares directly beneficially owned by Mr. Houtkin individually were purchased for cash. Mr. Houtkin's wife Sherry Houtkin owns 4,000 shares (0.1%), which were purchased for cash and 2,887 shares (0.1%) which were purchased on margin. Mr. Houtkin's adult son Michael Houtkin is the beneficial owner of 2,500 shares (0.1%) which were purchased for cash; his adult son Brad Houtkin is the beneficial owner of 2,500 shares (0.1%) which were purchased for on margin. Mr. Houtkin disclaims beneficial ownership of all of the shares owned by his wife, his sons Michael and Brad and his mother. PF/WC/OO Mr. Shefts is the indirect beneficial owner of the 130,237 shares owned by All-Tech and Rushmore. Mr. Shefts' wife, Wanda Shefts, is the beneficial owner of 22,000 shares (0.7%). Mr. Shefts disclaims beneficial ownership of the shares owned by his wife. All of such shares were purchased for cash. Item 4. Purpose of Transaction The shares were purchased for investment purposes only. From time to time All-Tech purchases shares as inventory for its market-making activity. Except for All-Tech's continuing to make a market in the issuer's stock, there are no current plans or proposals to acquire or dispose of the issuer's securities or to seek any change in the issuer's business or corporate structure. Item 5. Interest in Securities of the Issuer (a) The aggregate number of the issuer's common shares beneficially owned at the close of business on June 30, 1997, by all reporting persons submitting this joint filing was 218,088 (excluding shares as to which beneficial ownership is disclaimed), equaling approximately 7.2% of the common stock outstanding on such date. All shares held in corporate name as set forth below are subject to shared voting and dispositive power; shares owned by Mr. Houtkin are subject to sole voting and dispositive power. Page 8 of 10 (b) Shares beneficially owned by each reporting person: All-Tech Investment Group, Inc. TOTAL: 96,320 PERCENTAGE: 3.2% Rushmore Financial Services, Inc. (excluding shares TOTAL: 33,917 of All-Tech) PERCENTAGE: 1.1% Harvey Houtkin, individually 87,851 Harvey Houtkin as a control person of Rushmore (excluding shares owned by All-Tech) 33,917 Harvey Houtkin as a control person of All-Tech 96,320 ------- TOTAL: 218,088 PERCENTAGE: 7.2% Mark Shefts, individually -0- Mark Shefts as a control person of Rushmore 33,917 Mark Shefts as a control person of All-Tech 96,320 ------- TOTAL: 130,237 Mr. Shefts disclaims beneficial ownership of 22,000 shares (0.7%) owned by his wife, Wanda Shefts. Mr. Houtkin disclaims beneficial ownership of 2,500 shares (0.1%) owned by his adult son Brad Houtkin; 2,500 shares (0.1%) owned by his adult son Michael Houtkin, 6,887 shares (0.2%) owned by his wife Sherry Houtkin, and 1,100 shares (0.0%) owned by his mother, Esther Houtkin. (c) All-Tech, a market-maker in the issuer's stock, effects transactions in the issuer's stock continually. (d) N/A (e) N/A Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The parties filing this Report on Form 13D have orally agreed to make this joint filing. Page 9 of 10 Item 7. Material to be Filed as Exhibits None Signature After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. July 11, 1997 ALL-TECH INVESTMENT GROUP, INC. By s/Harvey Houtkin ----------------------------- Harvey Houtkin, Chairman RUSHMORE FINANCIAL SERVICES, INC. By s/Harvey Houtkin ----------------------------- Harvey Houtkin, Chairman s/Harvey Houtkin ------------------------------- Harvey Houtkin s/Mark Shefts ------------------------------- Mark Shefts Page 10 of 10 -----END PRIVACY-ENHANCED MESSAGE-----