-----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, Ln0EeiDv1qdk00kBvOfXmBrdJbGW3HKWvJmnFBtr1NkOS38Kr/6OZvyfhGg/s+Lq oHOywuMtE4DhJJKTtWkXgg== 0000950168-96-001596.txt : 19980210 0000950168-96-001596.hdr.sgml : 19980210 ACCESSION NUMBER: 0000950168-96-001596 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: EMPIRE OF CAROLINA INC CENTRAL INDEX KEY: 0000312840 STANDARD INDUSTRIAL CLASSIFICATION: 3944 IRS NUMBER: 132999480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-32501 FILM NUMBER: 96618930 BUSINESS ADDRESS: STREET 1: 5150 LINTEN BLVD CITY: DEL RAY BEACH STATE: FL ZIP: 33484 BUSINESS PHONE: 4074984000 MAIL ADDRESS: STREET 1: P O BOX 4000 CITY: TARBORO STATE: NC ZIP: 27886 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. 26)* EMPIRE OF CAROLINA, INC. (Name of Issuer) Common Stock, Par Value $.10 per Share (Title of Class of Securities) 292007-10-1 (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) [X] (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 Massachusetts - - ------------------------------------------------------------------- 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 734,039 - - ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 734,039 - - ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - - ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.5% - - ------------------------------------------------------------------- 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) [X] (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 734,039 - - ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 734,039 - - ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - - ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.5% - - ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - - ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 The undersigned persons hereby amend their statement on Schedule 13D (the "Schedule") relating to shares of Common Stock, par value $.10 per share (the "Common Stock"), of Empire of Carolina, Inc., a Delaware corporation ("Empire"): Item 2. Identity and Background. Item 2 of the Schedule is hereby deleted in its entirety and the following is substituted in lieu thereof: This Amendment 26 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 Empire's Common Stock, including the shares of Common Stock owned by Halco. Barry S. Halperin is a former Director and President of Empire, is currently the President of Halco and is a citizen of the United States. His business address 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 HMG Courtland Properties, Inc., a real estate investment trust. 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, Halco 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, decree, or final order enjoining future violations of, or prohibiting or 5 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. Item 3 of the Schedule is hereby deleted in its entirety and the following is substituted in lieu thereof: This Amendment 26 to the Schedule does not relate to the acquisition of shares by Barry S. Halperin or Halco. Except to the extent described herein, none of the shares currently owned by Barry S. Halperin and Halco are subject to any liens or encumbrances. Item 4. Purpose of Transaction. Item 4 of the Schedule is hereby deleted in its entirety and the following is substituted in lieu thereof: The reporting persons originally acquired shares of Empire in 1982. Neither Barry S. Halperin nor Halco have any current intentions with respect to Empire other than personal investment, in connection with which Barry S. Halperin or Halco may sell or purchase shares of Empire in the market or otherwise from time to time. Item 5. Interest in Securities of the Issuer. Item 5 of the Schedule is hereby deleted in its entirety and the following is substituted in lieu thereof: There have been no transactions in the Common Stock by Barry S. Halperin or Halco since the filing of Amendment No. 25 to this Schedule. The purpose of this Amendment 26 to the Schedule is to disclose that Maurice A. Halperin no longer has sole or shared dispositive or voting rights with respect to the Common Stock owned by Halco and accordingly is no longer the beneficial owner of any shares of the Company's Common Stock. Information concerning the Common Stock ownership and percentage of outstanding shares of the Halperin Group is contained in the cover pages to this amendment to the Schedule and such information is incorporated herein by reference. Maurice A. Halperin no longer has any ownership interest in the Company's Common Stock. Barry S. Halperin's beneficial ownership includes 734,039 shares held by Halco, which shares dispositive power with respect to these shares with Barry S. Halperin. Halco's beneficial ownership includes 734,039 shares, which shares dispositive power with respect to these shares with Barry S. Halperin. Pursuant to a Voting Agreement between Halco and Steven Geller ("Geller") more fully described in Amendment No. 25 to the Schedule, Geller is entitled to direct the vote of the 734,039 shares of Common Stock owned by Halco until September 30, 2004 and during that period also has a right of first refusal for any sales by Halco in excess of 18,000 shares. In addition, Geller has an option to purchase 17,500 shares of Common Stock from Halco until July 15, 1997 pursuant to a Stock Option Agreement more fully described in Amendment No. 25 to the Schedule. 6 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 7 -----END PRIVACY-ENHANCED MESSAGE-----