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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
UNIFLEX, INC.
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(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
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(Title of Class of Securities)
904711108
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(CUSIP Number)
Copies of Communication To:
Thomas More Griffin, Esq,
Battle Fowler LLP
75 East 55th Street
New York, New York 10022
(212) 856-7000
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
February 11, 1999
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(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).
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CUSIP No. 904711108 SCHEDULE 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CMCO, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC; 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 54,912
SHARES -------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH
REPORTING 0
PERSON WITH -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
54,912
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CMCO, Inc.: 54,912 All Reporting Persons: 300,158
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
CMCO, Inc.: 1.31% All Reporting Persons: 7.18%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 904711108 SCHEDULE 13D Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Davidoff
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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7 SOLE VOTING POWER
NUMBER OF 2,946
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH
REPORTING 0
PERSON WITH -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,946
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Robert Davidoff: 2,946 All Reporting Persons: 300,158
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Robert Davidoff: .07% All Reporting Persons: 7.18%
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14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 904711108 SCHEDULE 13D Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CMNY Capital, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC; 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 242,300
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH
REPORTING 0
PERSON WITH -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
242,300
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON\
CMNY Capital, L.P.; 242,300 All Reporting Persons: 300,158
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
CMNY Capital, L.P.: 5.80% All Reporting Persons: 7.18%
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14 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 ("Amendment No. 1") to the Statement on Schedule
13D filed on November 18, 1998 ("Schedule 13D") by the Reporting Persons
relates to the shares of common stock, par value $.10 per share (the "Common
Stock"), of Uniflex, Inc., a Delaware corporation (the "Company").
This Amendment No. 1 is being filed pursuant to the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder, and amends Items 4, 6 and 7 of the Schedule 13D.
Terms defined herein shall have the meanings set forth in the Schedule
13D.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is amended as follows:
On February 11, 1999, CMCO and the Company entered into a letter
agreement ("Letter Agreement Amendment") amending the Letter Agreement.
Pursuant to the Letter Agreement Amendment, any reference in the Letter
Agreement To "February 15, 1999" was amended to "March 5, 1999." The effect of
this date change is that CMCO and its affiliates and investors will have until
March 5, 1999 to execute the Merger Agreement for the Acquisition and to obtain
senior and subordinated debt financing commitment letters to consummate the
transactions under the Merger Agreement. As provided in the Letter Agreement
Amendment, other than with respect to the date change, all of the other terms
and conditions of the Letter Agreement remain in full force and effect.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Item 6 of the Schedule 13D is hereby amended as follows:
Reference is made to the Letter Agreement Amendment, which is
described in Item 4.
ITENI 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 of the Schedule 13D is hereby amended by adding a new Exhibit 3
as follows:
Exhibit 3. Letter Agreement dated February 11, 1999.
5
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, correct and complete.
Dated: February 12, 1999 CMCO, INC.
By:
------------------------------
Name: Robert Davidoff
Title: Vice President
CMNY CAPITAL, L.P.
By:
------------------------------
Name: Robert Davidoff
Title: General Partner
---------------------------------
Robert Davidoff
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EXHIBIT 3
LETTER AGREEMENT
CMCO, INC.
135 East 57th Street
New York, New York 10022
February 11, 1999
Uniflex, Inc.
383 West John Street
Hicksville, New York 11802
Attention: Mr. Robert K. Semel
Dear Bob:
Reference is made to the letter agreement dated November 16, 1998
("Letter Agreement") between Uniflex, Inc., a Delaware corporation (the
"Company") and CMCO, Inc., a New York corporation ("CMCO"), a copy of which is
attached hereto. This letter agreement shall amend the Letter Agreement. The
parties hereto agree that;
1. The February 15, 1999 date set forth in the second paragraph on
page one of the Letter Agreement and in Sections 4(a), 6(a)(ii) and 9(4)(i) is
deleted and replaced with March 5, 1999.
2. All other provisions of the Letter Agreement shall remain
unchanged.
If the foregoing accurately sets forth our understanding, we request
that the Board of Directors of the Company approve this letter agreement
amending the Letter Agreement and evidence such approval by causing the
enclosed copy of this letter agreement to be signed on behalf of the Company,
dated and returned to the undersigned.
Very truly yours,
CMCO Inc.
By /s/ Robert Davidoff
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Robert Davidoff
Vice President
Accepted and Agreed
as of the date first written above:
UNIFLEX, INC.
By: /s/ Robert K. Semel
---------------------------
Name: Robert K. Semel
Title: President
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