SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4 )*
DATA SWITCH CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
237863105
(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 13 Pages
<PAGE>
CUSIP No.237863105 13G Page 2 of 13 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WECHSLER & CO., INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY --------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON Not Applicable
WITH --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 2 of 13 Pages
<PAGE>
CUSIP No.237863105 13G Page 3 of 13 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NORMAN J. WECHSLER
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY --------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON Not Applicable
WITH --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 3 of 13 Pages
<PAGE>
SCHEDULE 13G
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:
Suite 310
105 South Bedford Road,
Mount Kisco, New York 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, par value $.01 per share.
Item 2(e). CUSIP Number:
237863105
Item 3. Wechsler & Co., Inc. is a Broker-Dealer registered under Section
15 of the Securities Exchange Act of 1934. Mr. Wechsler is the
majority shareholder, Chairman of the Board and President of
Wechsler & Co., Inc. and, accordingly, would be considered the
beneficial owner of securities beneficially owned by Wechsler &
Co., Inc.
Page 4 of 13 Pages
<PAGE>
Item 4. Ownership:
(a) Amount Beneficially Owned:
None
(b) Percentage of Class:
0.0%
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or direct the vote:
None
(ii) shared power to vote or direct the vote:
Not Applicable
(iii) sole power to dispose or direct the disposition of:
None
(iv) shared power to dispose or direct the disposition
of:
Not Applicable
Item 5. This statement is being filed to report the fact that as of the
date hereof the Reporting Persons have ceased to be the
beneficial owners of more than five percent of the Common Stock.
Items 6-10. Not Applicable
Page 5 of 13 Pages
<PAGE>
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 12, 1996
WECHSLER & CO., INC.
By: /s/ Norman J. Wechsler
----------------------
Norman J. Wechsler,
President
/s/ Norman J. Wechsler
----------------------
Norman J. Wechsler
Page 6 of 13 Pages
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
DATA SWITCH CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
237863105
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (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 7 of 13 Pages
<PAGE>
CUSIP No.237863105 13G Page 8 of 13 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wechsler & Krumholz, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 775,720
OWNED BY --------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON Not Applicable
WITH --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
775,720
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
775,720
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.35%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 8 of 13 Pages
<PAGE>
CUSIP No.237863105 13G Page 9 of 13 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NORMAN J. WECHSLER
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 775,720
OWNED BY --------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON Not Applicable
WITH --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
775,720
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
775,720
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.35%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 9 of 13 Pages
<PAGE>
Item 1(a)
Name of Issuer
The issuer of the common stock to which this Schedule 13G relates is Data
Switch Corporation, a Delaware corporation (the "Company").
Item 1(b)
Address of Issuer's Principal Executive Offices
The Company's principal executive offices are located at One Enterprise
Drive, Shelton, Connecticut 06484
Item 2(a)
Name of Person Filing
This Schedule 13G is filed on behalf of (i) Wechsler & Krumholz, Inc.
("W&K"), a New York corporation, and (ii) Mr. Norman J. Wechsler (together with
W&K, the "Reporting Persons").
Item 2(b)
Address of Principal Business Office
The Reporting Persons' principal business office is located at 39 Broadway,
New York, New York 10006
Item 2(c)
Citizenship
W&K is a New York corporation and Mr. Wechsler is a United States citizen.
Item 2(d)
Title of Class of Securities
The security to which this Schedule 13G relates is the common stock, par
value $.01 per share (the "Common Stock"), of the Company.
Page 10 of 13 Pages
<PAGE>
Item 2(e)
CUSIP Number
The CUSIP number of the Common Stock is 237863105.
Item 3
Type of Reporting Person
W&K is a Broker or 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 W&K and, accordingly, would likely be considered the
beneficial owner of securities beneficially owned by W&K. Mr. Wechsler's
beneficial ownership of the outstanding equity securities of the Company does
not exceed 1% of the Company's outstanding equity securities, exclusive of
Company securities beneficially owned by W&K. All of the equity securities of
the Company beneficially owned by the Reporting Persons were acquired in the
ordinary course of business and 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 775,720 shares
of Common Stock, which amount includes the shares that
would be obtained upon conversion (the "Conversion") of
the Company's 91/2% Convertible Subordinated Debentures
due 2003.
(b) Percent of Class
6.35%
(c) Number of Shares as to Which Such Person Has:
(i) Sole Power to Vote or Direct the Vote:
Each Reporting Person has sole power to vote or
direct the vote of 775,720 shares of Common Stock
(giving effect to the Conversion).
Page 11 of 13 Pages
<PAGE>
(ii) Shared Power to Vote or Direct the Vote:
None
(iii) Sole Power to Dispose or Direct the Disposition:
Each Reporting Person has sole power to dispose
or direct the disposition of 775,720 shares of
Common Stock (giving effect to the Conversion)
(iv) Shared Power to Dispose or Direct the Disposition
of:
None
Item 5
Ownership of Five Percent or Less of a Class
Not Applicable
Item 6
Ownership of Five Percent on Behalf of Another Person
Not Applicable
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company
Not Applicable
Item 8
Identification and Classification of Members of the Group
Not Applicable
Page 12 of 13 Pages
<PAGE>
Item 9
Notice of Dissolution of Group
Not Applicable
Item 10
Certification
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 of 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.
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.
Dated: February 14, 1992
WECHSLER & KRUMHOLZ, INC.
By:/s/ Richard K. Zeeman
----------------------
Richard K. Zeeman
Executive Vice-President
/s/ Richard K. Zeeman
----------------------
Norman J. Wechsler
By: Richard K. Zeeman
Attorney-in-Fact
* * * * * * *
The limited power of attorney authorizing Mr. Zeeman to sign this Schedule
13G on behalf of Mr. Wechsler, filed with the Securities and Exchange Commission
as Exhibit 1 to Amendment No. 2 to Schedule 13G dated October 8, 1991 filed by
the Reporting Persons in respect of Microsemi Corp., is hereby incorporated by
reference.
Page 13 of 13 Pages
