UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
WELDOTRON CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
949 391 106
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(CUSIP Number)
MICHAEL N. KREIGER,
3rd Floor, 205 Church Street,
New Haven, CT 06510
(203) 498-6063
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(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 31, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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).
<TABLE>
SCHEDULE 13D
CUSIP NO. 949 391 106 PAGE 1 OF 1 PAGES
<S> <C> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
Michael N. Kreiger
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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. SOURCE OF FUNDS* PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut, USA
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NUMBER OF 7. SOLE VOTING POWER 80,000 Shares Common Stock
SHARES ---------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 116,400 Shares Common Stock
OWNED BY ---------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER 80,000 Shares Common Stock
REPORTING ---------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER 116,400 Shares Common Stock
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 196,400
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [ ]
N/A
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.5%
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14. TYPE OF REPORTING PERSON* IN
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13D
ITEM 1: SECURITY AND ISSUER
This statement relates to shares of common stock of Weldotron
Corporation, a corporation whose principal executive offices are located at 1532
South Washington Avenue, Piscataway, New Jersey 08855.
ITEM 2: IDENTITY AND BACKGROUND
The person filing this statement is Michael N. Kreiger whose principal
business address is 205 Church Street, 3rd Floor, New Haven, Connecticut 06510.
Michael N. Kreiger's principal occupation is that of business
executive/consultant.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Of the total shares reported, a total of 79,300 shares were purchased
during the period from May 23, 1996 through July 31, 1996, as follows:
(i) 74,200 shares by American Bare Conductor, Inc., an entity in which
Michael N. Kreiger owns fifty percent of the issued and outstanding shares
of common stock and (ii) 5,100 shares by Michael N. Kreiger and Shelley Kreiger
(spouse of Michael N. Kreiger) as joint tenants. All shares were purchased
using the cash on-hand of the purchasers. Financing was not used to purchase
any of the aforesaid shares.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the Acquisition of the shares is for short-term and long-
term investment purposes.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
As hereinafter indicated, Michael N. Kreiger is the beneficial owner of
196,400 shares of Common Stock or 8.5% of the issued and outstanding shares of
Weldotron Corporation as to which Michael N. Kreiger has the sole power to vote
and/or dispose of 80,000 shares and of which 116,400 shares are held with a
shared right to vote and/or dispose of the shares. Specific ownership
allocations are as follows:
Sole Power to Vote/Dispose of Shares
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Michael N. Kreiger Profit Sharing Plan 40,000 shares
Michael N. Kreiger Money Purchase Plan 40,000 shares
Shared Power to Vote/Dispose of Shares
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Michael N. & Shelley Kreiger, as joint tenants 25,000 shares
American Bare Conductor, Inc. 91,400 shares
ITEM 6: CONTRACTS, ARRANGEMENTS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF ISSUER
None
ITEM 7: MATERIALS TO BE FILED AS EXHIBITS
None
