SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
AULT INCORPORATED
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
051503100
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(CUSIP Number)
with a copy to:
Colin W. Dunn, Vice President and Treasurer Peter H. Ehrenberg, Esq.
Bel Fuse Inc. Lowenstein Sandler PC
198 Van Vorst Street 65 Livingston Avenue
Jersey City, New Jersey 07302 Roseland, New Jersey 07068
(201) 432-0463 (973) 597-2350
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(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
March 3, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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>
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1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(entities only):
Bel Fuse Inc./22-1463699
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2) Check the Appropriate Box if a Member of a Group (See Instructions):
(a) Not
(b) Applicable
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3) SEC Use Only
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4) Source of Funds (See Instructions): WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
Not Applicable
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6) Citizenship or Place of Organization: New Jersey
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Number of 7) Sole Voting Power: 212,300
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Shares Beneficially 8) Shared Voting Power: 0
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Owned by
Each Reporting 9) Sole Dispositive Power: 212,300
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Person With 10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person: 212,300
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions): Not Applicable
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13) Percent of Class Represented by Amount in Row (11): 4.8%
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14) Type of Reporting Person (See Instructions): CO
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<PAGE>
Item 5. Interest in Securities of the Issuer.
Based upon information set forth in the Company's Quarterly Report on
Form 10-Q for the quarterly period ended November 28, 1999, as of such date
there were outstanding 4,391,787 shares of Common Stock. As of March 3, 2000,
Bel Fuse beneficially owned an aggregate of 212,300 shares of Common Stock, or
4.8% of the Common Stock outstanding. Bel Fuse has the sole power to vote or to
direct the vote and the sole power to dispose or to direct the disposition of
all 212,300 shares of Common Stock beneficially owned by it.
The following table details the transactions in the Common Stock by
Bel Fuse during the past sixty days, each being effected in an ordinary
brokerage transaction:
(Purchases)
NONE
(Sales)
Date Quantity Price
February 16, 2000 600 $10.50
March 2, 2000 31,000 $10.03
March 3, 2000 6,000 $10.03
No other person is known by Bel Fuse to have the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of, the Common Stock beneficially owned by Bel Fuse. On March 3, 2000, Bel Fuse
ceased to be the beneficial owner of more than 5% of the Common Stock
outstanding.
Signature
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.
March 9, 2000
BEL FUSE INC.
/s/ Colin W. Dunn
____________________________________
Name: Colin W. Dunn
Title: Vice President and Treasurer
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
