UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 14
GENCOR INDUSTRIES, INC.
-----------------------------------------------
(Name of Issuer)
Common Stock
------------------------------------
(Title of Class of Securities)
368-678-108
-------------------------
(CUSIP Number)
Harvey Houtkin, c/o All-Tech Investment Group, Inc.
160 Summit Avenue, Montvale, New Jersey 07645//(201) 782-0200
-------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 8, 1996
---------------------------------------------------------
(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 [x]. (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).
Page 1 of 16
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 2 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
All-Tech Investment Group, Inc.
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
WC OO
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares -0-
-----------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 23,486
-----------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With -0-
-----------------------------------------------
10. SHARED DISPOSITIVE POWER
23,486
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,486
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
BD
------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 3 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wanshef, Inc.
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
WC OO
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares -0-
---------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each -0-
---------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With -0-
---------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 4 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RUSHMORE FINANCIAL SERVICES, INC.
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
WC OO
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares -0-
--------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By
Each 31,960
--------------------------------------------------
Reporting
Person With 9. SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
31,960
------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,960
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 5 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey Houtkin
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
PF WC OO
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares 126,098
---------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 60,386
---------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 126,098
---------------------------------------------
10. SHARED DISPOSITIVE POWER
45,635
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
186,484
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [x]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.9%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 6 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark Shefts
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
PF OO
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares 38,140
---------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 36,226
---------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 38,140
---------------------------------------------
10. SHARED DISPOSITIVE POWER
36,226
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
74,366
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [x]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 7 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Stevens
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
PF
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares 330
---------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 537,533
---------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 330
---------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
537,863
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.2%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 8 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert D. Kashan
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
PF OO
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares -0-
---------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 34,790
---------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 26,850
---------------------------------------------
10. SHARED DISPOSITIVE POWER
7,940
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,790
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 9 of 16 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hampton Offset, Inc. Money Purchase Plan
------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------
4. SOURCE OF FUNDS
PF
------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
------------------------------------------------------------
7. SOLE VOTING POWER
Number of
Shares -0-
---------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 7,940
---------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With -0-
---------------------------------------------
10. SHARED DISPOSITIVE POWER
7,940
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,940
------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
------------------------------------------------------------
14. TYPE OF REPORTING PERSON
EP
------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer
Common Stock
Gencor Industries, Inc.
5201 North Orange Blossom Trail
Orlando, FL 32810
Item 2. Identity and Background
(a) All-Tech Investment Group, Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) Registered broker/dealer, 160 Summit Avenue, Montvale, NJ 07645
(d) No
(e) No
(f) New York
All of the shares of All-Tech Investment Group, Inc. ("All-Tech"), a
registered broker/dealer which makes a market in the issuer's stock,
formerly owned by Wanshef Inc. ("Wanshef"), are now owned by Rushmore
Financial Services, Inc. ("Rushmore") with and into which Wanshef
merged. All-Tech and Wanshef previously filed a Report on Schedule
13D with respect to the issuer; this joint filing constitutes
Amendment No. 14 thereto. Information with respect to Wanshef is as
follows:
(a) Wanshef, Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) Former holding company of All-Tech Investment Group, Inc. and
Domestic Securities, Inc.
(d) No
(e) No
(f) New Jersey
All of the shares of All-Tech are now owned by Rushmore. Information
with respect to Rushmore is as follows:
(a) Rushmore Financial Services, Inc.
(b) 160 Summit Avenue
Montvale, NJ 07645
(c) Holding company of All-Tech Investment Group, Inc. and Domestic
Securities, Inc.
(d) No
(e) No
(f) New Jersey
Information with respect to Mr. Houtkin is set forth below. Mr.
Houtkin has previously filed a Report on Schedule 13D with respect to
the issuer; this joint filing constitutes Amendment No. 14 thereto.
(a) Harvey Houtkin
Page 10 of 16
<PAGE>
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) Chairman of the Board and President, All-Tech Investment Group,
Inc. and Domestic Securities, Inc., registered broker-dealers
located at 160 Summit Avenue, Montvale, NJ 07645, and Rushmore
Financial Services, Inc.
(d) No
(e) In 1990 a consent order was issued by the New Jersey Bureau of
Securities pursuant to a negotiated amicable resolution of the
application for registration of Domestic Securities, Inc.
("Domestic"), a registered broker-dealer, in the State of New
Jersey. The order provided that neither Domestic nor Mr. Houtkin
would reapply for registration for three years and the New Jersey
Bureau of Securities would be reimbursed $50,000 in respect of
its costs of investigation of the application. Mr. Houtkin and
Domestic are now registered in the State of New Jersey.
(f) United States
Information with respect to Mr. Shefts is set forth below. Mr. Shefts
has previously filed a Report on Schedule 13D with respect to the
issuer; this joint filing constitutes Amendment No. 14 thereto.
(a) Mark Shefts
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) Exec. V. P./Secretary/Treasurer, All-Tech Investment Group, Inc.,
Domestic Securities, Inc. and Rushmore Financial Services, Inc.,
160 Summit Avenue, Montvale, NJ 07645
(d) No
(e) No
(f) United States
Information with respect to Mr. Stevens is set forth below.
(a) Robert J. Stevens
(b) c/o HMS Securities, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) Vice President of Operations, HMS Securities, Inc., 160 Summit
Avenue, Montvale, NJ 07645.
(d) No
(e) No
(f) United States
Information with respect to Mr. Kashan is set forth below.
(a) Robert D. Kashan
Page 11 of 16
<PAGE>
(b) c/o Kashan Litho, Inc.
424 West 33rd Street
New York, NY 10001
(c) President, Kashan Litho, Inc., 424 West 33rd Street
New York, NY 10001
(d) No
(e) No
(f) United States
Information with respect to Hampton Offset, Inc. Money Purchase Plan
is set forth below.
(a) Hampton Offset, Inc. Money Purchase Plan
(b) c/o Kashan Litho, Inc.
424 West 33rd Street
New York, NY 10001
(c) Pension Plan
(d) No
(e) No
(f) New York
Item 3. Source and Amount of Funds or Other Consideration.
Amounts set forth below are for shares owned directly by a reporting
person.
WC/OO All-Tech Investment Group, Inc., a registered broker/dealer
which makes a market in the issuer's stock, purchased 23,486 shares in
a margin account. All of the stock of All-Tech is owned by Rushmore.
PF/OO 5,241 of the shares directly beneficially owned by Mr. Houtkin
individually were purchased in a margin account and 120,857 were
purchased for cash. 13,532 Shares directly beneficially owned by
Mr. Houtkin and his mother, Esther Houtkin, were purchased for cash.
Mr. Houtkin's wife Sherry Houtkin owns 77,000 shares (5.8%) and his
adult son Brad Houtkin is the beneficial owner of 7,810 shares (0.6%).
Mr. Houtkin disclaims beneficial ownership of all of such shares.
All of the shares owned by Mrs. Houtkin were purchased for cash. All
of the shares owned by Mrs. Houtkin were purchased for cash. 7,100
(0.6%) of the shares owned by Brad Houtkin were purchased in a margin
account; 710 shares were issued as a dividend.
PF/OO The 38,140 shares directly beneficially owned by Mr. Shefts
were purchased for cash. Mr. Shefts owns 4,123 shares jointly with
Edith Shefts, his mother, which were purchased for cash. Mr. Shefts'
wife, Wanda Shefts,
Page 12 of 16
<PAGE>
owns 72,853 shares (5.4%); Mr. Shefts disclaims beneficial ownership
of such shares. All of such shares were purchased for cash.
WC/OO Rushmore owns 8,617 shares (0.6%) of the issuer directly which
were purchased on margin and indirectly owns 23,486 shares (1.8%)
through its ownership of All-Tech. Rushmore is owned 50% by Mr.
Shefts and 50% by Mr. Houtkin.
PF All of the 330 shares directly beneficially owned by Mr. Stevens
were purchased for cash other than 30 shares distributed as a dividend
by the issuer.
PF/OO 26,850 shares directly beneficially owned by Mr. Kashan were
purchased on margin (other than stock received as a dividend) and
7,940 shares owned by a pension plan for Mr. Kashan's benefit were
purchased for cash (other than stock received as a dividend).
PF 7,940 shares owned by Hampton Offset, Inc. Money Purchase Plan
were purchased for cash (other than stock received as a dividend).
Item 4. Purpose of Transaction
The shares were purchased for investment purposes only, except for the
shares owned by All-Tech, which were purchased as inventory for its
market-making activity. Except for All-Tech's continuing to make a
market in the issuer's stock, there are no current plans or proposals
to acquire or dispose of the issuer's securities or to seek any change
in the issuer's business or corporate structure.
Mr. Stevens intended to nominate Mr. Kashan to be the director of the
issuer elected by its common stockholders at the issuer's March 8,
1996, annual meeting of stockholders and solicited and obtained
proxies to vote 537,533 common shares in connection therewith. The
issuer's board of directors consists of five directors; only one is
elected by the common stockholders. Mr. Stevens believes that
Mr. Kashan would be a more independent representative of the common
stockholders than management's nominee and would be more effective in
promoting maximization of the value of the common stock. Mr. Kashan
has agreed to serve in such capacity if elected. The persons filing
this Form 13D intended to vote their shares for Mr. Kashan or gave
Mr. Stevens their proxy. Mr. Stevens intended to vote his
own shares and all share as to which he obtained a proxy for the
election of Mr. Kashan. Mr. Houtkin also intended to vote all shares
controlled by him for Mr. Kashan. Mr. Kashan gave Mr. Stevens a proxy
to vote his shares.
Because Mr. E. J. Elliott, Chairman of the issuer and holder of the
majority of the issuer's Class B stock, chose not to attend the annual
meeting after the Company was informed just prior to the meeting that
a majority of the common stock would be voted for Mr. Stevens' nominee
and not management's nominee (David Air), a quorum was not present and
the meeting was postponed to a date "within 45 days". The persons
filing this Report believe that Mr. Elliott's actions were not in the
best interest of the issuer and its common stockholders.
Item 5. Interest in Securities of the Issuer
(a) The aggregate number of the issuer's common shares beneficially
owned at the close of business on January 5, 1996, (the record date
for the issuer's annual meeting of shareholders), by all reporting
persons submitting this joint filing plus all shares as to which Mr.
Stevens or Mr. Houtkin was given a proxy was 724,347, equalling
approximately 54.1% of the common stock outstanding on the record
date.
Page 13 of 16
<PAGE>
All shares held in corporate name as set forth below are subject to
shared voting and dispositive power; shares owned by Messrs. Houtkin,
Shefts, Stevens and Kashan individually are subject to sole voting and
dispositive power.
(b) Shares beneficially owned by each reporting person:
All-Tech Investment Group, Inc. TOTAL: 23,486
PERCENTAGE: 1.8%
Rushmore Financial Services, Inc.
(excluding shares TOTAL: 8,617
of All-Tech) PERCENTAGE: 0.6%
Wanshef, Inc. -0-
Harvey Houtkin, individually 126,098
Harvey Houtkin jointly with
Esther Houtkin 13,532
Harvey Houtkin as proxy for Mark
Shefts and Wanda Shefts 14,751
Harvey Houtkin as a control person of
Rushmore (excluding shares owned
by All-Tech) 8,617
Harvey Houtkin as a control person of
All-Tech 23,486
-------
TOTAL: 186,484
PERCENTAGE: 13.9%
Mark Shefts, individually 38,140
Mark Shefts jointly with his mother,
Edith Shefts 4,123
Mark Shefts as a control person
of Rushmore 8,617
Mark Shefts as a control person
of All-Tech 23,486
------
TOTAL: 74,366
PERCENTAGE: 5.6%
Robert J. Stevens, individually TOTAL: 330
PERCENTAGE: 0.0%
Robert J. Stevens as proxy TOTAL: 537,533
---------
PERCENTAGE: 40.2%
Robert D. Kashan, individually 26,850
Robert D. Kashan as control person
and beneficiary of Hampton Offset,
Inc. Money Purchase Plan 7,940
------
TOTAL: 34,790
PERCENTAGE: 2.6%
Hampton Offset, Inc. Money Purchase Plan TOTAL: 7,940
PERCENTAGE: 0.6%
Page 14 of 16
<PAGE>
Mr. Shefts disclaims beneficial ownership of 72,853
shares (5.4%) owned by his wife, Wanda Shefts.
Mr. Houtkin disclaims beneficial owner of 77,000 shares (5.8%)
owned by his wife, Sherry Houtkin, and 7,810 shares (0.6%) owned
by his adult son Brad Houtkin.
(c) All-Tech, a market-maker in the issuer's stock, effects
transactions in the issuer's stock continually.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
The parties filing this Report on Form 13D have orally agreed to make
this joint filing.
The parties filing this Report on Form 13D intend to vote their shares
for the election of Robert D. Kashan to serve as the director of the
issuer elected by the common stockholders or have given a proxy to Mr.
Stevens or Mr. Houtkin, who intend to vote all shares as to which they
hold a proxy for the election of Mr. Kashan. Mr. Stevens is an
employee of a brokerage firm where Mr. Houtkin maintains an account.
Mr. Kashan is a customer of All-Tech, owned indirectly by Mr. Houtkin
and Mr. Shefts.
Item 7. Material to be Filed as Exhibits
None
Page 15 of 16
<PAGE>
Signature
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
March 11, 1996 ALL-TECH INVESTMENT GROUP, INC.
By s/Harvey Houtkin
-----------------------------
Harvey Houtkin, President
WANSHEF INC.
By s/Harvey Houtkin
-----------------------------
Harvey Houtkin, President
RUSHMORE FINANCIAL SERVICES, INC.
By s/Harvey Houtkin
------------------------------
Harvey Houtkin, President
s/Harvey Houtkin
------------------------------
Harvey Houtkin
s/Mark Shefts
------------------------------
Mark Shefts
s/Robert J. Stevens
------------------------------
Robert J. Stevens
s/Robert D. Kashan
------------------------------
Robert D. Kashan
HAMPTON OFFSET, INC. MONEY
PURCHASE PLAN
By s/Robert D. Kashan
-----------------------------
Robert D. Kashan
Page 16 of 16
