-----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, MSwgoEV1WOYn1pnpJCNwAxptQ6yFbHp6Me7yNKieQUPbQTK1gDRsNCupYxPYtodd g1qd6D/NPQRopjuEzM9n0A== 0000950116-96-001069.txt : 19961010 0000950116-96-001069.hdr.sgml : 19961010 ACCESSION NUMBER: 0000950116-96-001069 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961009 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OAKHILL SPORTSWEAR CORP /NY/ CENTRAL INDEX KEY: 0000012203 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 132625545 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-07237 FILM NUMBER: 96641294 BUSINESS ADDRESS: STREET 1: 1411 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2127898900 MAIL ADDRESS: STREET 1: 1411 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: BIO MEDICAL SCIENCES INC DATE OF NAME CHANGE: 19830725 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTRONIC SCIENCES INC DATE OF NAME CHANGE: 19690415 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ASCH ARTHUR L CENTRAL INDEX KEY: 0001024549 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: OAK HILL SPORTSWEAR CORP STREET 2: 1411 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2127898900 MAIL ADDRESS: STREET 1: GREENBERGER & FORMAN STREET 2: 1370 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: ASCH ARTHUR DATE OF NAME CHANGE: 19961009 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 1) Under the Securities Exchange Act of 1934 OAK HILL SPORTSWEAR CORPORATION - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) 671365104 - ------------------------------------------------------------------------------- (CUSIP Number) Robert W. Forman Greenberger & Forman 1370 Avenue of the Americas Suite 2701 New York, New York 10019 212/757-4001 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - ------------------------------------------------------------------------------- (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 | |. Page 1 of 6 pages |CUSIP NO. 671365104 | | Page 2 of 6 pages | | | | | =============================================================================== 1 | NAME OF REPORTING PERSONS | S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS | | Arthur L. Asch - ------------------------------------------------------------------------------- | 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 ITEM 2(d) OR 2(e) | - ------------------------------------------------------------------------------- | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | U.S.A. - ------------------------------------------------------------------------------- | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 390,951 BENEFICIALLY ------------------------------------------------------------ OWNED BY | 8 | SHARED VOTING POWER EACH | | -0- REPORTING ------------------------------------------------------------ PERSON WITH | 9 | SOLE DISPOSITIVE POWER | | 390,951 ------------------------------------------------------------ | 10 | SHARED DISPOSITIVE POWER | | -0- - ------------------------------------------------------------------------------- 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON | | 435,951* | - ------------------------------------------------------------------------------- | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES | CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | 21% - ------------------------------------------------------------------------------- | 14 | TYPE OF REPORTING PERSON | | IN =============================================================================== - -------- *Includes (i) 25,000 shares owned by the Reporting Person's wife, in which the Reporting Person disclaims beneficial ownership, and (ii) 20,000 shares underlying stock options exercisable within 60 days. |CUSIP NO. 671365104 | | Page 3 of 6 pages | | | | | STATEMENT FOR AMENDMENT NO. 1 TO SCHEDULE 13D Item 1. Security and Issuer. The class of equity securities to which this Statement relates is the common stock, par value $.02 per share, of Oak Hill Sportswear Corporation, a New York corporation (the "Issuer"), whose principal executive office is located at 1411 Broadway, New York, New York. This statement is being filed to update certain information regarding the Reporting Person's beneficial ownership of the Issuer's common stock. Item 2. Identity and Background. This Statement is filed by Arthur L. Asch, (the "Reporting Person"). Mr. Asch is, and for more than the last five years has been, the Chairman of the Board of Directors of the Issuer. The Reporting Person has also been the Chairman of the Oak Hill Sportswear Division of Donnkenny Apparel, Inc. since July 1995. The Reporting Person's business address is 1411 Broadway, New York, New York. The Reporting Person is a United States citizen. The Reporting Person has not, during the past five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) party to a civil proceeding or a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |CUSIP NO. 671365104 | | Page 4 of 6 pages | | | | | Item 3. Source and Amount of Funds or Other Consideration. The aggregate purchase price of the shares of common stock beneficially owned by the Reporting Person (including those owned by his wife) is approximately $1,120,000, which were acquired with personal funds. Item 4. Purpose of Transaction. This amendment is being filed to update certain information regarding the Reporting Person's beneficial ownership of the Issuer's common stock. The Reporting Person has no present plan or proposal with respect to the Issuer of the type described in the Instructions to Item 4 of Schedule 13D other than has been reported in the Issuer's filings with the Securities and Exchange Commission. He intends to review his investment in the Issuer on a continuing basis and, depending on various factors, including the Issuer's business affairs and financial position, the price levels of the common stock, conditions in the securities markets and general economic and industry conditions, he may in the future take such actions with respect to his investment in the Issuer as he deems appropriate in light of the circumstances existing from time to time including purchasing additional shares of common stock. |CUSIP NO. 671365104 | | Page 5 of 6 pages | | | | | Item 5. Interest in Securities of the Issuer. The aggregate percentage of shares of common stock reported owned by each person named herein is based upon 2,057,576 shares outstanding. As of the close of business on September 16, 1996: (a) The Reporting Person beneficially owns 435,951 shares of common stock, constituting approximately 21% of the Issuer's outstanding shares, which include 25,000 shares owned by the Reporting Person's wife, in which he disclaims beneficial interest, and 20,000 shares underlying stock options exercisable within 60 days. (b) The Reporting Person has the sole power to vote and dispose of the shares beneficially owned by him, except for the 25,000 shares owned by his wife. (c) The Reporting Person has not engaged in any transaction in the shares of Issuer's common stock within the past 60 days except that he was granted options to purchase 30,000 shares of the Issuer's common stock on September 5, 1996 pursuant to the Issuer's Non-Qualified Stock Option Plan. (d) No person other than the Reporting Person is known to have the right to receive, or the power to direct the receipt of dividends from, or to the proceeds from, the sale of such shares of the common stock. (e) Not applicable. |CUSIP NO. 671365104 | | Page 6 of 6 pages | | | | | Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The Reporting Person is not currently party to any contract, arrangement, understanding or relationship with respect to the common stock of the Issuer. Item 7. Material to be Filed as Exhibits. None. SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: October 2, 1996 By: /s/ Arthur L. Asch -------------------------------- Arthur L. Asch -----END PRIVACY-ENHANCED MESSAGE-----