-----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, VjfZdG65geNECFtVohgK1P13j5y6m8RNwwAw+xpTJjoP8kg/M7rMKsOefblD6gUD keR0umOF1yVWre5hl9OgfQ== 0000950116-98-000152.txt : 19980129 0000950116-98-000152.hdr.sgml : 19980129 ACCESSION NUMBER: 0000950116-98-000152 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980128 SROS: NONE GROUP MEMBERS: STEEL PARTNERS II L P GROUP MEMBERS: STEEL PARTNERS II, L.P. GROUP MEMBERS: WARREN G. LICHTENSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GATEWAY INDUSTRIES INC /CA/ CENTRAL INDEX KEY: 0000725876 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 953702929 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-36516 FILM NUMBER: 98515244 BUSINESS ADDRESS: STREET 1: 101-01 FOSTER AVENUE CITY: BROOKLYN STATE: NY ZIP: 11236 BUSINESS PHONE: 7182729700 MAIL ADDRESS: STREET 1: 101-01 FOSTER AVENUE CITY: BROOKLYN STATE: NY ZIP: 11236 FORMER COMPANY: FORMER CONFORMED NAME: GATEWAY COMMUNICATIONS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STEEL PARTNERS II L P CENTRAL INDEX KEY: 0000915653 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 750 LEXINGTON AVE 27TH FL CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 CUSIP NO. 367631108 Page 1 of 5 Pages SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 19)(1) Under the Securities Exchange Act of 1934 GATEWAY INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 367595105 - -------------------------------------------------------------------------------- (CUSIP Number) Joseph Greenberger, Esq. 1370 Avenue of the Americas New York, New York 10019-4602 (212) 757-4001 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 15, 1998 - -------------------------------------------------------------------------------- (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 5 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. 367631108 Page 2 of 5 Pages ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 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 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 Delaware - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,388,608 OWNED BY ---------------------------------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH -0- ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,388,608 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 1,388,608 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 38.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP NO. 367631108 Page 3 of 5 Pages ================================================================================ 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Warren G. Lichtenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF, 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 U.S.A. - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,469,893(1) OWNED BY ---------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,469,893(1) ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 1,469,893(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 40.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================================ (1) Includes (i) 1,388,608 Shares owned by Steel Partners II, L.P., an entity controlled by Mr. Lichtenstein, (ii) 45,952 Shares owned directly by Mr. Lichtenstein, and (iii) 35,333 Shares underlying stock options that may be acquired within 60 days. CUSIP NO. 367631108 Page 4 of 5 Pages STATEMENT FOR SCHEDULE 13D This constitutes Amendment No. 19 to Schedule 13D filed by the undersigned on or about August 4, 1995. Except as specifically amended hereby, said Schedule 13D, as heretofore amended, remains in full force and effect. Defined terms have the meanings specified in said Schedule 13D, as heretofore amended. Item 3. Source and Amount of Funds or Other Consideration. The first paragraph of Item 3 is amended to read in its entirety as follows: The aggregate purchase price of the 1,388,608 Shares owned by Steel Partners II is $3,304,278. The Shares owned by Steel Partners II were acquired with partnership funds. Item 5. Interest in Securities of the Issuer. Item 5(a) and 5(c) are amended in their entirely to read as follows: (a) The aggregate percentage of Shares reported owned by each person named herein is based upon 3,592,000 Shares outstanding, which is the total number of shares of Common Stock outstanding as reported in the Issuer's Form 10-QSB for the quarter ended September 30, 1997. As of the close of business on January 23, 1998, Steel Partners II, beneficially owned 1,388,608 Shares, constituting approximately 38.7% of the Shares outstanding. Mr. Lichtenstein beneficially owns 1,469,893 Shares (including Shares underlying options that may be acquired within 60 days),representing approximately 40.1% of the Shares outstanding. Mr. Lichtenstein has sole voting and dispositive power with respect to the 1,469,893 Shares owned beneficially by him and the 1,388,608 Shares owned by Steel Partners II, by virtue of his authority to vote and dispose of the Shares. CUSIP NO. 367631108 Page 5 of 5 Pages (c) No reporting person has engaged in any transaction in the shares of Issuer's common stock within the past 60 days, except that Steel Partners II made the following purchase: Date No. Of Shares Purchase Price - ---- ------------- -------------- 1/15/98 501,000 $1.52 SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: January 26, 1998 STEEL PARTNERS II, L.P. By: Steel Partners L.L.C. ----------------------------- General Partner By: /s/Warren G. Lichtenstein ----------------------------- Warren G. Lichtenstein (Chief Executive Officer) /s/Warren G. Lichtenstein --------------------------------- WARREN G. LICHTENSTEIN -----END PRIVACY-ENHANCED MESSAGE-----