WECHSLER & CO INC /BD
SC 13G, 1996-02-16
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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. )*

                              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 5 Pages


<PAGE>


CUSIP No. 595137100                    13G                     Page 2 of 5 Pages

- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON

    SS. 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

    United States

- --------------------------------------------------------------------------------
NUMBER OF SHARES      5   SOLE VOTING POWER

  BENEFICIALLY            1,753,985 (including 1,107,306 shares issuable upon
    OWNED BY              conversion of convertible securities of the Issuer)

      EACH            ----------------------------------------------------------
     PERSON           6   SHARED VOTING POWER                                   
                                                                                
    REPORTING             13,070 (including 11,070 shares issuable upon  
      WITH                conversion of convertible securities of the Issuer)   
                                                                                
                      ----------------------------------------------------------
                      7   SOLE DISPOSITIVE POWER                                
                                                                                
                          1,753,985 (including 1,107,306 shares issuable upon   
                          conversion of convertible securities of the Issuer)   
                                                                                
                      ----------------------------------------------------------
                      8   SHARED DISPOSITIVE POWER                              
                                                                                
                          13,070 (including 11,070 shares issuable upon  
                          conversion of convertible securities of the Issuer)   
                      
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    1,767,055

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


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

    20%

- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON

    IN

- --------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                Page 2 of 5 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 Norman J.
              Wechsler (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 United States citizen.

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:

              Not applicable

Item 4.       Ownership:

              (a) Amount Beneficially Owned:

               As at December 31, 1995, the Reporting Person beneficially owned
               1,767,055 shares of Common Stock, which amount includes (i)
               1,433,985 shares of Common Stock owned by Wechsler & Co., Inc., a
               broker/dealer registered under Section 15 of the Act, of which
               Norman J. Wechsler is the majority shareholder, Chairman of the
               Board and

                                Page 3 of 5 Pages


<PAGE>


               President, including 787,306 shares issuable upon conversion of
               $10,688,000 principal amount of 5 7/8% Convertible Subordinated
               Debentures due 2012 (the "Debentures") of the Issuer; (ii)
               320,000 shares issuable upon conversion of a $600,000 principal
               amount of 10% Convertible Subordinated Note of the Issuer (the
               "Note"); (iii) 2,000 shares of Common Stock owned by a trust for
               the benefit of Mr. Wechsler's minor son, David J. Wechsler, of
               which Norman J. Wechsler and his spouse, Sharon C. Wechsler, are
               co-trustees (the "Trust"); and (iv) 11,070 shares issuable upon
               conversion of $150,000 principal amount of Debentures
               beneficially owned by the Wechsler & Co., Inc. Profit Sharing
               Trust (the "Profit Sharing Trust").

               Filing of this statement by the Reporting Person shall not be
               deemed an admission that he beneficially owns the securities
               attributed to the Trust. The Reporting Person expressly disclaims
               beneficial ownership of all securities held by the Trust.

               (b) Percentage of Class:

               20% beneficially owned by the Reporting Person

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

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

                         1,753,985 shares (including 1,107,306 shares issuable
                         upon conversion of the Debentures owned by Wechsler &
                         Co., Inc. and the Note).

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

                         13,070 shares of Common Stock, of which 2,000 are
                         beneficially owned by the Trust and 11,070 shares which
                         are beneficially owned by the Profit Sharing Trust
                         (such 11,070 shares are issuable upon conversion of
                         Debentures owned by such Profit Sharing Trust).

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

                         1,753,985 shares (including 1,107,306 shares issuable
                         upon conversion of the

                                Page 4 of 5 Pages


<PAGE>


                         Debentures owned by Wechsler & Co., Inc. and the Note).

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

                         13,070 shares of Common Stock, of which 2,000 are
                         beneficially owned by the Trust and 11,070 shares which
                         are beneficially owned by the Profit Sharing Trust
                         (such 11,070 shares are issuable upon conversion of
                         Debentures owned by such Profit Sharing Trust).

Items 5-10.   Not applicable.

                                    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 14, 1996

                                                    /s/ Norman J. Wechsler
                                                    ----------------------------
                                                    Norman J. Wechsler

                                Page 5 of 5 Pages



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