WECHSLER & CO INC /BD
SC 13G/A, 1996-02-15
Previous: WECHSLER & CO INC /BD, SC 13G/A, 1996-02-15
Next: WEIS MARKETS INC, SC 13G/A, 1996-02-15



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                               (Amendment No. 8)*


                              MICROSEMI CORPORATION
                                (Name of Issuer)


                     COMMON STOCK, par value $.20 per share
                         (Title of Class of Securities)


                                    595137100
                                 (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 should 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 11 Pages


<PAGE>


CUSIP No. 595137100                  13G                  Page  2  of  11  Pages

- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    SS. 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 SHARES      5   SOLE VOTING POWER
  BENEFICIALLY            1,562,620 (including 915,941 shares issuable upon
    OWNED BY              conversion of convertible securities of the Issuer)
      EACH            ----------------------------------------------------------
     PERSON           6   SHARED VOTING POWER                                   
    REPORTING                                                                   
      WITH                Not Applicable                                        
                      ----------------------------------------------------------
                      7   SOLE DISPOSITIVE POWER                                
                          1,562,620 (including 915,941 shares issuable upon     
                          conversion of convertible securities of the Issuer)   
                      ----------------------------------------------------------
                      8   SHARED DISPOSITIVE POWER                              
                                                                                
                          Not Applicable                                        
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    1,562,620
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    17.9%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON

    BD
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!

                               Page 2 of 11 Pages


<PAGE>


                                  SCHEDULE 13G

Item 1(a).     Name of Issuer:

               MICROSEMI CORPORATION

Item 1(b).     Address of Issuer's Principal Executive Offices:

               2830 S. Fairview Street
               Santa Ana, CA 92704

Item 2(a).     Name of Person Filing:

               This Schedule 13G is filed on behalf of Wechsler & Co., Inc. (the
               "Reporting Person").

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:

               The Reporting Person is a New York corporation.

Item 2(d).     Title of Class of Securities:

               Common Stock, par value $.20 per share.

Item 2(e).     CUSIP Number:

               595137100

Item 3.        Type of Reporting Person:

               (a)  The Reporting  Person is a  broker/dealer  registered  under
                    Section 15 of the Securities Exchange Act of 1934.

               (b)-(h): Not applicable

Item 4.        Ownership:

               (a)  Amount Beneficially Owned:

               The Reporting Person beneficially owns 1,562,620 shares of Common
               Stock,   which  amount  includes  915,941  shares  issuable  upon
               conversion of $12,411,000  principal amount of 5 7/8% Convertible
               Subordinated  Debentures  due  2012  (the  "Debentures")  of  the
               Issuer.

                               Page 3 of 11 Pages


<PAGE>


               (b)  Percentage of Class:

                    17.9%

               (c)  Number of Shares as to Which Such Person Has:

                    (i)   sole power to vote or direct the vote:

                          1,562,620 shares  (including  915,941 shares of Common
                          Stock  issuable  upon the  conversion  of  $12,411,000
                          principal amount of Debentures).

                    (ii)  shared power to vote or direct the vote:

                          Not applicable.

                    (iii) sole power to dispose or direct the disposition of:

                          1,562,620 shares  (including  915,941 shares of Common
                          stock  issuable  upon the  conversion  of  $12,411,000
                          principal amount of Debentures).

                    (iv)  shared power to dispose or direct the disposition of:

                          Not applicable.

Items 5-9.     Not applicable.

Item 10.       Certification:

               By signing below,  the Reporting  Person  certifies  that, to the
               best of its  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 purpose or effect.



                               Page 4 of 11 Pages


<PAGE>


                                    SIGNATURE

                  After reasonable  inquiry and to the best of the undersigned's
knowledge and belief,  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
                                                      Chairman of the Board
                                                      President


                               Page 5 of 11 Pages





                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                                (Amendment No. )*


                                 MICROSEMI CORP.
                                (Name of Issuer)


                                  Common Stock
                         (Title of Class of Securities)


                                    595137100
                                 (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 should 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 6 of 11 Pages


<PAGE>


CUSIP No. 595137100                   13G                  Page  7  of 11  Pages

- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Wechsler & Krumholz, Inc.
    13-1944-376
- --------------------------------------------------------------------------------
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 SHARES      5   SOLE VOTING POWER
  BENEFICIALLY            648,987
    OWNED BY          ----------------------------------------------------------
      EACH            6   SHARED VOTING POWER                                 
     PERSON                                                                   
    REPORTING             Not Applicable                                      
      WITH            ----------------------------------------------------------
                      7   SOLE DISPOSITIVE POWER                              
                          648,987                                             
                      ----------------------------------------------------------
                      8   SHARED DISPOSITIVE POWER                            
                                                                              
                          Not Applicable                                      
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    648,987 shares
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    8.15%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON

    BD
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!

                               Page 7 of 11 Pages


<PAGE>


                                  SCHEDULE 13G

Item 1(a)

Name of Issuer:

                  The issuer of the common stock to which this Schedule 13G
relates is Microsemi Corp. (the "Company").

Item 1(b)

Address of Issuer's Principal Executive Offices:

                  The company's principal executive offices are located at
2830 S. Fairview, Santa Anna, California 92704.

Item 2(a)

Name of Person Filing:

                  This  Schedule  13G is filed on behalf of Wechsler & Krumholz,
                  Inc., a New York corporation (the "Reporting Person").

Item 2(b)

Address of Principal Business Office

                  The Reporting  Person's  principal business offices is located
at 39 Broadway, New York, New York 10006.

Item 2(c)

Citizenship

                  The Reporting Person is a New York corporation.

Item 2(d)

Title of Class of Securities:

                  The security to which this Schedule 13G relates is the common
stock of the Company.

Item 2(e)

CUSIP Number

                  The Cusip Number of the Common Stock is 595137100.

                               Page 8 of 11 Pages


<PAGE>


Item 3

Type of Reporting Person

                  The Reporting  Person is a Broker or Dealer  registered  under
                  Section 15 of the Securities Exchange Act of 1934.


Item 4

Ownership

         (a)      Amount Beneficially Owned:

                           648,987 shares of Common Stock, which amount includes
                           the shares that the Reporting Person  may obtain upon
                           conversion (the  "Conversion") of its holdings of the
                           issuer's convertible debt instruments.

         (b)      Percentage of Class:

                           8.15%

         (c)      Number of Shares as to Which Such Person Has:

                  (i)      sole power to vote or direct the vote:

                                    648,987 shares of Common Stock
                                    (giving effect to the Conversion)

                  (ii)     shared power to vote or direct the vote:

                                    None

                 (iii)     sole power to dispose or direct the disposition:

                                    648,987 shares of Common Stock
                                    (giving effect to the Conversion)

                  (iv)     shared power to dispose or direct the disposition
                           of:

                                    None


                               Page 9 of 11 Pages


<PAGE>


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

Item 9

Notice of Dissolution of Group

                  Not Applicable


Item 10

Certification

                  By signing below,  the Reporting Person certifies that, to the
best of its 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 purpose or effect.



                               Page 10 of 11 Pages


<PAGE>



                  After  reasonable  inquiry and to the best of my knowledge and
belief,  I certify  that the  information  set forth in this  statement is true,
complete and correct.

Date:  July 3, 1990
                                          WECHSLER & KURMHOLZ, INC.


                                          By: /s/ Richard Zeeman
                                              ----------------------------------
                                              Richard Zeeman
                                              Executive Vice-President


                               Page 11 of 11 Pages




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission