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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
P & F INDUSTRIES, INC.
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(Name of Issuer)
Class A Common Stock, par value $1.00
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(Title of Class of Securities)
692830102
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(CUSIP Number of Class of Securities)
Mr. Richard A. Horowitz
300 Smith Street
Farmingdale New York 11735
(516) 694-1800
Copy to :
Neil Novikoff, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, New York 10019
(212) 728-8000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 26, 2000
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(Date of Event which Requires
Filing of this Schedule)
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 13(d)-1(e), 13(d)-1(f) or 13(d)-(g), check the
following box: [ ]
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SCHEDULE 13D
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CUSIP No. 692830102
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard Horowitz
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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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 PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
1,189,665
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NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 32,400
PERSON WITH
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9 SOLE DISPOSITIVE POWER
529,665
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10 SHARED DISPOSITIVE POWER
32,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,222,065
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.4%
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14 TYPE OF REPORTING PERSON*
IN
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Page 2 of 8
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SCHEDULE 13D
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CUSIP No. 692830102
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1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Linda Horowitz
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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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 PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
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NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 32,400
PERSON WITH
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9 SOLE DISPOSITIVE POWER
660,000
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10 SHARED DISPOSITIVE POWER
32,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
692,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.4%
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14 TYPE OF REPORTING PERSON*
IN
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Page 3 of 8
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Item 1. Security and Issuer.
This statement on Schedule 13D relates to the Class A Common Stock, par
value $1.00 per share (the "Common Stock"), of P & F Industries, Inc.
(hereinafter, "The Company"), and is being filed pursuant to Rule 13d-1 under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The
address of the principal executive office of the Company is 300 Smith Street,
Farmingdale, New York 11735.
Item 2. Identity and Background.
(a) This Statement is hereby filed by Richard A. Horowitz and his wife,
Linda Horowitz.
(b) and (c) Mr. Horowitz is Chairman of the Board of Directors and Chief
Executive Officer of the Company. The address of Richard A. Horowitz and Linda
Horowitz is in the care of the Company, 300 Smith Street, Farmingdale, New York
11735.
(d) and (e) During the last five years, neither Mr. Horowitz nor Mrs.
Horowitz has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors), nor have either, during the last five
years, been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or
Page 4 of 8
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state securities laws or finding any violation with respect to such laws. (f)
Both Mr. Horowitz and Mrs. Horowitz are citizens of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Horowitz and Mrs. Horowitz used personal funds in making the purchases
that are the subject of this Statement.
Item 4. Purpose of Transaction.
Mr. Horowitz and Mrs. Horowitz purchased the Common Stock that is the
subject of this Statement in order to acquire an equity interest in the Company.
As of the date hereof, neither Mr. Horowitz nor Mrs. Horowitz has any present
plans or proposals which relate to or would result in any of the actions
referred to in sections (a) through (j) of Item 4 of Schedule 13D. Nevertheless,
depending on market conditions and other factors, Mr. Horowitz and Mrs. Horowitz
may sell or otherwise dispose of all or a portion of such Common Stock, or may
purchase additional shares of Common Stock.
Item 5. Interest in Securities of the Issuer.
(a) and (b) The responses of Mr. Horowitz and Mrs. Horowitz to Rows (7)
through (13) of the cover page of this Schedule 13D are incorporated herein by
reference. Included in the shares of Common Stock beneficially owned by Mr.
Horowitz are 203,500 shares of Common Stock issuable upon the exercise of
Page 5 of 8
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stock options, 22,400 shares of Common Stock owned by Linda Horowitz,
individually and as trustee for the daughter of Linda Horowitz and Richard
Horowitz, 660,000 shares of Common Stock owned by Linda Horowitz, individually,
and 10,000 shares of Common Stock owned by The Linda and Richard Horowitz
Foundation. Included in the shares of Common Stock beneficially owned by Mrs.
Horowitz are 22,400 shares of Common Stock owned by Mrs. Horowitz, individually
and as trustee for the daughter of Linda Horowitz and Richard A. Horowitz, and
10,000 shares of Common Stock owned by The Linda and Richard Horowitz
Foundation. Mr. Horowitz has shared voting power and shared dispositive power
over the 10,000 shares of Common Stock owned by The Linda and Richard Horowitz
Foundation with the other directors of The Linda and Richard Horowitz Foundation
and the 22,400 shares of Common Stock owned by Linda Horowitz, individually and
as trustee for the daughter of Linda Horowitz and Richard Horowitz. Mr. Horowitz
disclaims beneficial ownership of the 22,400 shares of Common Stock owned by
Mrs. Horowitz individually and as trustee for the daughter of Linda Horowitz and
Richard A. Horowitz.
(c) Not Applicable
(d) Not Applicable
(e) Not Applicable
Item 6. Contracts, Arrangements, Understandings or
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Relationships With Respect to Securities of the Issuer.
Mrs. Horowitz has granted Mr. Horowitz a ten year irrevocable proxy to vote
the 660,000 shares of Common Stock owned by her, individually.
Item 7. Material to be Filed as Exhibits.
1. Proxy to vote 660,000 shares of Common Stock granted by Mrs. Horowitz to
Mr. Horowitz.
Page 7 of 8
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SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: April 26, 2000
By: /s/ Richard A. Horowitz
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Name: Richard A. Horowitz
By: /s/ Linda Horowitz
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Name: Linda Horowitz
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Exhibit 1
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Joint Filing Agreement
The undersigned hereby agree that the statement on Schedule 13D with respect to
the shares of Common Stock of P & F Industries, Inc., is, and any amendment
thereto signed by each of the undersigned shall be, filed on behalf of each
undersigned pursuant to and in accordance with the provisions of 13d-1(k) under
the Securities Exchange Act of 1934, as amended.
Dated: April 26, 2000
By: /s/ Richard A. Horowitz
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Name: Richard A. Horowitz
By: /s/ Linda Horowitz
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Name: Linda Horowitz
