SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 1)(1)
MRS TECHNOLOGY, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
553476102
(CUSIP Number)
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(1) 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).
Page 1 of 6 Pages
<PAGE>
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CUSIP No. 553476102 13G Page 2 of 6 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WECHSLER & CO., INC.
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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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NUMBER OF 5. SOLE VOTING POWER
SHARES 288,737
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH Not Applicable
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 288,737
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8. SHARED DISPOSITIVE POWER
Not Applicable
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
288,737
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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)
4.2%
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12. TYPE OF REPORTING PERSON*
BD
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 Pages
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CUSIP No. 553476102 13G Page 3 of 6 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]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 288,737
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH Not Applicable
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 288,737
--------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
288,737
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.2%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 6 Pages
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Item 1(a). Name of Issuer:
MRS TECHNOLOGY, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
10 Elizabeth Drive
Chelmsford, MA 01824
Item 2(a). Name of Person Filing:
This Schedule 13G is filed on behalf of (i) Wechsler & Co., 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:
553467102
Item 3. Type of Reporting Person:
(a) Wechsler & Co., Inc. is a broker-dealer registered under
Section 15 of the Securities Exchange Act of 1934. Norman J.
Wechsler is the majority shareholder, Chairman of the Board
and President of Wechsler & Co., Inc. and, accordingly, is
considered the beneficial owner of securities beneficially
owned by Wechsler & Co., Inc. Mr. Wechsler's beneficial
ownership of Common Stock of the Issuer does not exceed 1%
of such class of equity securities, exclusive of equity
securities beneficially owned by Wechsler & Co., Inc. All of
the equity securities of the Issuer 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 or influencing the control of the Issuer, nor in
connection with or as a participant in any transaction
having such effect
Page 4 of 6 Pages
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(including any transaction subject to Rule 13d-3(b)
promulgated under the Securities Exchange Act of 1934).
(b) - (h): Not applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
At February 27, 1998, Wechsler & Co., Inc. beneficially
owned 288,737 shares. Mr. Wechsler is deemed the beneficial
owner of such shares by reason of his relationship with
Wechsler & Co., Inc.
(b) Percent of Class:
4.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote:
288,737
(ii) shared power to vote or to direct
the vote:
Not Applicable
(iii) sole power to dispose or to direct
the disposition of:
288,737
(iv) shared power to dispose or to
direct the disposition of:
Not Applicable
Items 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 6-9. Not Applicable
Page 5 of 6 Pages
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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 purpose or effect.
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: March 16, 1998
WECHSLER & CO., INC.
By: /s/ Norman J. Wechsle
Norman J. Wechsler,
President
/s/ Norman J. Wechsler
Norman J. Wechsler
Page 6 of 6 Pages
