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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
DATA SWITCH CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
237863105
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing 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).
*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 the
disclosures provided in a prior cover page.
The information required in 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 7 Pages
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CUSIP No. 237863105 13G 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
WECHSLER & CO., INC. (formerly Wechsler & Krumholz, Inc.) 13-1944376
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5. SOLE VOTING POWER
898,016
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NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY Not Applicable
OWNED BY -----------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 898,016
WITH -----------------------------------------------
8. SHARED DISPOSITIVE POWER
Not Applicable
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
898,016
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* | |
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
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12. TYPE OF REPORTING PERSON*
BD
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 237863105 13G 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
Norman J. Wechsler
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
898,016
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NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY Not Applicable
OWNED BY -----------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 898,016
WITH -----------------------------------------------
8. SHARED DISPOSITIVE POWER
Not Applicable
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
898,016
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* | |
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
DATA SWITCH CORPORATION
Item 1(b). Address of Issuer's Principal Executive Offices:
One Enterprise Drive
Shelton, CT 06484
Item 2(a). Name of Person Filing:
This Schedule 13G is filed on behalf of (i)
Wechsler & Co., Inc., (formerly known as Wechsler
& Krumholz, Inc.) and (ii) Norman J. Wechsler
(each a "Reporting Person" and collectively, the
"Reporting Persons").
Item 2(b). Address of Principal Business Office or, if none,
Residence:
105 South Bedford Road
Suite 310
Mount Kisco, NY 10549
Item 2(c). Citizenship:
Wechsler & Co., Inc. is a New York corporation and
Norman J. Wechsler is a United States citizen.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e). CUSIP Number:
237863105
Item 3. Type of Reporting Person:
Wechsler & Co., Inc. is a Broker-Dealer registered
under Section 15 of the Securities Exchange Act of
1934. Mr. Wechsler is the majority stockholder,
Chairman of the Board and President of Wechsler &
Co., Inc. and, accordingly, would likely be
considered the beneficial owner of securities
beneficially owned by Wechsler & Co., Inc.
Mr. Wechsler's beneficial ownership of the Common
Stock of the Issuer does not exceed 1% of such
class of securities of the Issuer, exclusive of
Common Stock beneficially owned by Wechsler & Co.,
Inc. All of such equity securities of the Issuer
beneficially owned by the Reporting Persons were
acquired in the ordinary course of business and
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not with the purpose nor with the effect of
changing nor influencing the control of the
Company, nor in connection with or as a
participant in any transaction having such effect
(including any transaction subject to Rule 13d-
3(b) promulgated under the Securities Exchange Act
of 1934).
Item 4. Ownership:
(a) Amount Beneficially Owned:
Each Reporting Person beneficially owns
898,016 shares of Common Stock, which amount
consists of 372,254 shares issuable upon
conversion of $2,576,000 principal amount of
the Issuer's 8 1/4% Convertible Subordinated
Debentures Due June 1, 2002; 250,000 shares
issuable upon conversion of $1,730,000
principal amount of the 9% Convertible
Subordinated Debentures Due 1996 originally
issued by T-Bar Incorporated and 264,262
shares issuable upon exercise of the Issuer's
Redeemable Warrants expiring December 31,
1995 (subject to extension to January 1,
2002).
(b) Percent of Class:
6.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote:
898,016 (giving effect to the
conversions and exercise as
described in Item 4(a) above)
(ii) shared power to vote or to direct the
vote:
Not Applicable
(iii) sole power to dispose or to direct the
disposition of:
898,016 (giving effect to the
conversions and exercise as
described in Item 4(a) above)
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(iv) shared power to dispose or to direct
the disposition of:
Not Applicable
Items 5-9. Not Applicable
Item 10. By signing below each of the undersigned
certifies that, to the best of its or his
knowledge and belief, the securities referred
to above were acquired in the ordinary course
of business and were not acquired for the
purpose and do not have the effect of
changing or influencing the control of the
issuer of such securities and were not
acquired in connection with or as a
participant in any transaction having such
purposes or effect.
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SIGNATURE
After reasonable inquiry and to the best of each of the
undersigned's knowledge and belief, each of the undersigned
certifies that the information set forth in this statement is
true, complete and correct.
Date: February 2, 1994
WECHSLER & CO., INC.
By: NORMAN J. WECHSLER
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Norman J. Wechsler,
President
NORMAN J. WECHSLER
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Norman J. Wechsler
Page 7 of 7 Pages
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