<PAGE> 1
<PAGE> 2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Park Electrochemical Corp.
(Name of Issuer)
Common Stock, $.10 par value per share
(Title of Class of Securities)
700416 20 9
(CUSIP Number)
Mr. Brian Shore, Executive Vice President, Park Electrochemical Corp.
5 Dakota Drive, Lake Success, NY 11042 (516) 354-4100
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
January 16, 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( ). (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> 3
CUSIP No. 700416 20 9
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
Jerry Shore ###-##-####
2) Check the Appropriate Box if a Member of a Group (see
Instructions)
(a)
(b)
3) SEC Use Only
4) Source of Funds (See Instructions) None
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6) Citizenship or Place of Organization U.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With:
(7) Sole Voting Power 1,625,612
(8) Shared Voting Power
(9) Sole Dispositive Power 1,625,612
(10) Shared Dispositive Power
11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,625,612
12) Check if the Aggregate Amount in Row (11) Excluded Certain Shares
(See Instruction) X
13) Percent of Class Represented by Amount in Row (11) 14.0%
14) Type of Reporting Person (See Instructions) IN
<PAGE> 4
AMENDMENT NO. 7
TO
SCHEDULE 13D
This Amendment No. 7 to Schedule 13D amends and restates in its
entirety, pursuant to the requirements of Rule 101(a)(2)(ii) of Regulation S-
T, the facts or statements set forth in the Schedule 13D initially filed by
the undersigned (the "Initial Schedule 13D"), as heretofore amended by
Amendment Nos. 1, 2, 3, 4, 5 and 6 thereto, as previously filed by the
undersigned, with respect to the Common Stock, $.10 par value (the "Common
Stock"), of PARK ELECTROCHEMICAL CORP., a New York corporation. This amended
and restated Schedule 13D shall hereinafter be referred to as the "Schedule
13D." In restating the Initial Schedule 13D and all prior amendments
thereto, amounts of shares and prices per share have not been adjusted to give
effect to stock splits and stock dividends since the earlier filings.
Item 1. Security and Issuer.
This statement relates to the Common Stock, $.10 par value
("Common Stock"), of PARK ELECTROCHEMICAL CORP. (the "Issuer"). The Issuer's
principal executive offices are located at 5 Dakota Drive, Lake Success, New
York 11042.
Item 2. Identity and Background.
(a) The name of the person filing this statement is Mr. Jerry
Shore ("Mr. Shore").
(b) Mr. Shore's business address is 5 Dakota Drive, Lake
Success, New York 11042.
(c) Mr. Shore's principal occupation is Chairman of the Board,
President and Chief Executive Officer of the Issuer.
(d) During the last five years, Mr. Shore has not been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, Mr. Shore has not been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction the result of which was to subject Mr. Shore to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Mr. Shore is a citizen of the United States.
<PAGE> 5
Item 3. Source and Amount of Funds or Other Consideration.
Response in Initial Schedule 13D:
"This statement is being filed by Mr. Shore in connection with the
granting by Mr. Anthony Chiesa ("Mr. Chiesa") to Mr. Shore of an immediately
exercisable option (the "Option") to purchase 80,000 shares of Common Stock
(the "Shares"). The Option may be exercised at any time prior to June 1,
1984 with respect to all but not less than all of the Shares. The exercise
price of the Option is $5.00 per share, except that if, at the time the Option
is exercised, the market value for shares of Common Stock exceeded $6.00 per
share, the exercise price per share would be adjusted to equal the sum of
$5.00 plus one-half of the difference between such market value and $5.00.
The acquisition of the Option has not required, nor will it require, the use
of funds or other consideration by Mr. Shore except with respect to the
exercise thereof."
Response in Amendment No. 1:
"The funds for the acquisition of the 10,000 shares of Common
Stock purchased by the Issuer's Profit-Sharing Trust on January 19, 1982, as
referred to in Item 4 hereof, were obtained from the assets of the Profit-
Sharing Trust."
Response in Amendment No. 2:
"In accordance with the terms of the letter agreement dated May
30, 1984 referred to in Item 4 of this Schedule, $691,500 of the purchase
price for the 150,000 shares acquired by Mr. Shore pursuant to the Option was
paid by the delivery by Mr. Shore to Mr. Chiesa of a promissory note bearing
interest at the rate of 10% per annum and payable in 18 months. The $350,000
balance of the purchase price was paid in cash. Mr. Shore borrowed the funds
to pay the cash portion of the purchase price from Bankers Trust Company (the
"Bank") pursuant to a demand promissory note bearing interest at the rate of
1/2% per annum in excess of the Bank's prime rate. Mr. Shore pledged the
150,000 shares of Common Stock which he acquired pursuant to the Option to
the Bank as collateral for his loan."
Response in Amendment No. 3:
"In accordance with the terms of a Letter Agreement dated January
7, 1986 between Mr. Shore and National Westminster Bank USA (a copy of which
is annexed hereto as EXHIBIT F), and a demand Promissory Note in the amount
of $1,150,000 bearing interest at a rate per annum equal to such bank's prime
rate plus 1/2% and issued on January 7, 1986 by Mr. Shore in favor of such
bank (a copy of which is annexed hereto as EXHIBIT G), such bank loaned Mr.
Shore $1,150,000 on such date. This loan, which remains outstanding in its
<PAGE> 6
original principal amount, was and remains secured by the pledge by Mr. Shore
to such bank, of the 150,000 shares of Common Stock previously acquired by
Mr. Shore from Mr. Chiesa, as described above in this Item 3. The proceeds of
this loan were applied toward the full repayment of principal and accrued
interest on the promissory notes Mr. Shore had previously issued in favor Mr.
Chiesa and Bankers Trust Company, as described above in this Item 3. (In
connection with Mr. Shore's full repayment of the Promissory Note issued to
Bankers Trust Company, Bankers Trust Company released the lien on the 150,000
shares of Common Stock previously pledged to it by Mr. Shore.)"
"On June 3, 1991, the Issuer filed, with the Securities and
Exchange Commission, its Proxy Statement with respect to the Annual Meeting
of Shareholders to be held July 17, 1991, and its Annual Report on Form 10-K
with respect to its fiscal year ended March 3, 1991. Both of these documents
reported that the outstanding voting securities of the Issuer consisted of
4,530,178 shares of Common Stock. Based on the number of outstanding shares
of Common Stock so reported, the percentage of that class of the Issuer's
voting securities beneficially owned by Mr. Shore was increased to 19.9%.
The increase in the percentage of the class owned by Mr. Shore resulted from
the purchase, by the Issuer, of shares of its Common Stock and the
corresponding reduction in the number of outstanding shares of Common Stock,
and not from the acquisition by Mr. Shore of additional shares of Common
Stock. The reduction in the number of outstanding shares of Common Stock,
which resulted in the increase in the percentage of such class owned by Mr.
Shore, is the event which requires the filing of this Amendment No. 3 to Mr.
Shore's Schedule 13D."
"Although the reduction in the number of outstanding shares of
Common Stock is the event which required the filing of Amendment No. 3 to Mr.
Shore's Schedule 13D, the following is provided for informational purposes:
(a) On September 10, 1984, as a result of a 3-for-2 stock split in a
form of a 50% stock dividend paid by the Issuer on September 10, 1984, the
number of shares of Common Stock owned by Mr. Shore increased by 297,160.
(b) On September 25, 1984 and November 13, 1984, Mr. Shore disposed of
1,000 shares of Common Stock and 3,000 shares of Common Stock, respectively,
in each case by way of gift.
<PAGE> 7
(c) At the July, 1985 Annual Meeting of Shareholders of the Issuer,
shareholders approved a grant of a Non-Qualified Stock Option to Mr. Shore to
purchase 50,000 shares of Common Stock at an exercise price of $15.00 per
share. The Option was exercisable for a period of ten years from the date of
grant. A copy of the Non-Qualified Stock Option Plan and Agreement dated
November 27, 1984 between Mr. Shore and the Issuer relating to such option is
annexed hereto as EXHIBIT H.
(d) On the following dates, Mr. Shore disposed of the following number
of shares of Common Stock in each case by way of gift:
<TABLE>
<CAPTION>
Date No. of Shares
<S> <C>
12/11/85 4,934
2/12/86 3,000
12/1/86 2,448
12/15/86 6,500
1/5/87 1,980
10/15/88 750
12/20/88 2,597
12/18/89 2,300
12/19/90 1,000
5/15/91 47"
</TABLE>
Response in Amendment No. 4:
"In accordance with the terms of a certain Loan and Security
Agreement dated April 15, 1992 (the "Loan and Security Agreement") between
Jerry Shore and Bankers Trust Company (a copy of which is annexed hereto as
EXHIBIT I) and a one year term promissory note dated April 22, 1992 in the
amount of $1,000,000 bearing interest at a rate per annum equal to such
bank's prime rate plus 1/2% and issued by Mr. Shore in favor of such bank (a
copy of which is annexed hereto as EXHIBIT J), such bank loaned to Mr. Shore,
on April 22, 1992, the sum of $1,000,000. This loan is secured by the pledge,
by Mr. Shore to such bank, of 231,452 shares of Common Stock. 150,000 of such
shares, which were previously held by National Westminster Bank USA as
collateral for the loan referred to above in this Item 3 and paid off in full
as described below, were transferred from National Westminster Bank USA to
Bankers Trust Company. The balance of the 231,452 shares pledged to Bankers
Trust Company were provided by Mr. Shore from his other unencumbered holdings.
<PAGE> 8
The proceeds of the loan issued by Bankers Trust Company were applied to the
full repayment of the principal balance on the above referenced loan issued
by National Westminster Bank USA to Mr. Shore. (As previously reported in
this Item 3, such loan was issued to Mr. Shore by Westminster Bank USA on
January 7, 1986 in the principal amount of $1,150,000.00. However, during the
last year, Mr. Shore repaid $150,000.00 of such loan and, accordingly, the
outstanding balance on such loan, as of April 22, 1992, was $1,000,000.00.)
Mr. Shore's loan with National Westminster Bank USA has been repaid in full."
"Although the issuance, by Bankers Trust Company, on April 22,
1992, of the above referenced loan and the corresponding pledge by Mr. Shore
of shares of Common Stock, are the events which required the filing of this
Amendment No. 4 to Mr. Shore's Schedule 13D, the following is provided for
informational purposes:
(a) On May 16, 1991, Mr. Shore was granted, pursuant to the Company's
1982 Stock Option Plan, incentive stock options to purchase 20,000 shares of
Common Stock at a price of $12.10 per share. However, pursuant to such Plan
and the Stock Option Contract entered into between Mr. Shore and the Company
in connection with such grant, such options are first exercisable, as to 25%
thereof, on May 16, 1992, and as to an additional 25% thereof on each
succeeding anniversary of such date. Accordingly, only 25% of such options
(or options to purchase 5,000 shares) have been taken into account for
purposes of the information contained in the cover page and Item 5 of this
Amendment No. 4 to Mr. Shore's Schedule 13D. All of such options expire on
May 16, 1996.
(b) On December 27, 1991, Mr. Shore disposed of 2,000 shares of Common
Stock by way of gift.
(c) On April 6, 1992, Mr. Shore was granted, pursuant to the Company's
1992 Stock Option Plan, incentive stock options to purchase 10,000 shares of
Common Stock at a price of $14.85 per share. However, pursuant to such Plan
and the Stock Option Contract entered into between Mr. Shore and the Company
in connection with such grant, such options are first exercisable, as to 25%
thereof, on April 6, 1993, and as to an additional 25% thereof on each
succeeding anniversary of such date. Accordingly, none of such options had
been taken into account for purposes of the information contained in the
cover
page and Item 5 of this Amendment No. 4 to Mr. Shore's Schedule 13D. All of
such options expire on May 6, 1997. It should also be noted that such
options were conditioned upon the approval of such Plan by the majority of the
outstanding shares of Common Stock of the Company, which approval is being
sought at the Company's Annual Meeting of Shareholders scheduled for July 15,
1992."
<PAGE> 9
Response in Amendment No. 5:
"On July 19, 1994, Jerry Shore repaid all amounts outstanding
under the Loan and Security Agreement dated April 15, 1992 between Mr. Shore
and Bankers Trust Company (a copy of which was previously filed as EXHIBIT I
with Amendment No. 4 to this Schedule 13D), as amended (the "Loan
Agreement"). As a result of such repayment, Bankers Trust Company released
from its lien the 231,452 shares of Common Stock pledged by Mr. Shore to
secure such loan."
"Although the above-referenced repayment of such loan and the
corresponding release of shares of Common Stock from the lien of Bankers
Trust Company were the principal events which Mr. Shore was reporting by the
filing of Amendment No. 5 to Mr. Shore's Schedule 13D, the following is
provided for informational purposes:
(a) On December 29, 1992, Mr. Shore disposed of 1,500 shares of
Common Stock by way of gift.
(b) On December 22, 1993, Mr. Shore disposed of 2,340 shares of
Common Stock by way of gift.
(c) On May 17, 1993, Mr. Shore was granted, pursuant to the Company's
1992 Stock Option Plan, non-qualified stock options to purchase 20,000 shares
of Common Stock at a price of $14.75 per share. However, pursuant to such
Plan and the Stock Option Contract entered into between Mr. Shore and the
Company in connection with such grant, such options are first exercisable, as
to 25% thereof, on May 17, 1994, and as to an additional 25% thereof on each
succeeding anniversary of such date. Accordingly, only 25% of such options
(or options to purchase 5,000 shares) were taken into account for purposes of
the information contained in the cover page and Item 5 of this Amendment No.
5 to Mr. Shore's Schedule 13D. All of such options expire on May 17, 2003.
(d) On May 18, 1994, Mr. Shore was granted, pursuant to the Company's
1992 Stock Option Plan, non-qualified stock options to purchase 10,000 shares
of Common Stock at a price of $26.25 per share. However, pursuant to such
Plan and the Stock Option Contract entered into between Mr. Shore and the
Company in connection with such grant, such options are first exercisable, as
to 25% thereof, on May 18, 1995, and as to an additional 25% thereof on each
succeeding anniversary of such date. Accordingly, none of such options were
taken into account for purposes of the information contained in the cover
page and Item 5 of this Amendment No. 5 to Mr. Shore's Schedule 13D. All of
such options expire on May 18, 2004.
<PAGE> 10
(e) On the following dates Mr. Shore sold shares of Common Stock in
open market transactions on the New York Stock Exchange in the amounts and at
the prices shown:
<TABLE>
<CAPTION>
Date No. of Shares Price/Share
<S> <C> <C>
6/30/94 1,300 $29.00
7/5/94 7,100 29.00
7/6/94 5,000 29.00
7/6/94 5,600 29.125
7/6/94 4,900 29.25
7/6/94 1,400 29.375
7/7/94 900 29.125
7/7/94 13,800 29.25
</TABLE>
A substantial portion of the proceeds of the sales of shares of Common Stock
listed above were used by Mr. Shore to repay the loan outstanding under the
Loan Agreement as described above."
Response in Amendment No. 6:
"Although the disposition of shares of Common Stock by Mr. Shore
on December 20, 1994 by means of gifts (as described in Item 5(c) of this
Amendment No. 6) is the principal event giving rise to the filing of this
Amendment No. 6 to Mr. Shore's Schedule 13D, the following information is
provided concerning a change in Mr. Shore's beneficial ownership of shares of
Common Stock which occurred since the filing of Amendment No. 5 to Mr.
Shore's Schedule 13D. On November 22, 1994, Mr. Shore exercised an option
under the Non-qualified Stock Option Plan and Agreement, made as of November
27, 1984, between the Company and Jerry Shore (the "1984 Plan") with respect
to 50,000 shares of Common Stock. Mr. Shore delivered to the Company 23,904
shares of Common Stock which, in accordance with Section 4 of the 1984 Plan,
had a fair market value equal to $749,988.00, and a check in the amount of
$12.00 for the aggregate exercise price of $750,000.00. As a result of the
exercise of such option, the number of outstanding shares of Common Stock
beneficially owned by Mr. Shore increased by 26,096."
<PAGE> 11
Response in Amendment No. 7:
Although the proposed disposition of shares of Common Stock by
Mr. Shore described below under Item 4 is the principal event giving rise to
the filing of this Amendment No. 7 to Mr. Shore's Schedule 13D, the following
information is provided concerning changes in Mr. Shore's beneficial
ownership of shares of Common Stock which occurred since the filing of
Amendment No. 6 to Mr. Shore's Schedule 13D.
(a) On August 15, 1995, as a result of a 2-for-1 stock split in the
form of a 100% stock dividend paid by the Issuer on August 15, 1995, the
number of shares of Common Stock owned by Mr. Shore increased by 781,556. In
addition, options to purchase an aggregate of 50,000 shares granted, pursuant
to the Company's 1982 Stock Option Plan and the Company's 1992 Stock Option
Plan became options to purchase an aggregate of 100,000 shares of Common
Stock (of which 65,000 are exercisable as of January 17, 1996 or become
exercisable within 60 days thereafter).
(b) On December 15, 1995, Mr. Shore disposed of 2,500 shares of Common
Stock by way of gift."
Item 4. Purpose of Transaction.
Response in Initial Schedule 13D:
"Mr. Shore acquired the Option in order to preclude any potential
unfriendly change in ownership of the Shares, which constituted a substantial
block of Common Stock. Exercise of the Option and purchase of the Shares
would enable Mr. Shore to increase his position as a controlling shareholder
of the Issuer."
Response in Amendment No. 1:
"On June 12, 1981, the Issuer's Profit-Sharing Trust, of which Mr.
Shore is a co-trustee, disposed of 6,400 shares of Common Stock in an open
market sale at a price of $20.75 per share and 56 shares of Common Stock in
an open market sale at a price of $21.625 per share. On January 19, 1982, the
Profit-Sharing Trust acquired as an investment 10,000 shares of Common Stock
in an open market purchase at a price of $12.75 per share. On January 24,
1983, the Profit-Sharing Trust disposed of the 10,000 shares of Common Stock
in an open market sale at a price of $26 per share."
<PAGE> 12
"By letter agreements dated February 16, 1982 and March 25, 1982,
Mr. Shore's option (the "Option") to purchase 80,000 shares of Common Stock
from Mr. Anthony Chiesa, another shareholder of the Issuer, was cancelled as
to 10,000 shares of Common Stock, leaving 70,000 shares of Common Stock
subject to the Option."
"Between October 16, 1981 and December 11, 1982, Mr. Shore
disposed of an aggregate of 11,000 shares of Common Stock by way of gift."
Response in Amendment No. 2:
"On May 17, 1983, and September 12, 1983, Mr. Shore disposed of
1,000 shares of Common Stock and 509 shares of Common Stock, respectively, in
each case by way of gift. As a result of 3-for-2 stock splits in the form of
50% stock dividends paid by the Issuer on May 31, 1983 and October 24, 1983,
the number of shares of Common Stock owned directly by Mr. Shore increased to
446,322 and the number of shares of Common Stock subject to the Option
increased to 157,500. Between December 1983 and February 1984, Mr. Shore
disposed of an additional 2,000 shares of Common Stock by way of gift. By
letter agreement dated May 30, 1984 the number of shares of Common Stock
subject to the Option was decreased to 150,000 and the purchase price
therefor was modified. On June 13, 1984, Mr. Shore exercised the Option and
purchased the 150,000 shares of Common Stock subject to the option for an
aggregate purchase price of $1,041,500."
Response in Amendment No. 4:
"With respect to the purpose of the transactions relating to the
Loan and Security Agreement, see response to Item 3 of this Amendment No. 4
to Mr. Shore's Schedule 13D."
Response in Amendment No. 5:
"(c) See response to Item 3 of this Amendment No. 5 to Mr.
Shore's Schedule 13D."
Response in Amendment No. 6:
"(c) See response to Item 3 of this Amendment No. 6 to Mr.
Shore's Schedule 13D."
<PAGE> 13
Response in Amendment No. 7:
On January 16, 1996, the Issuer filed a Registration Statement on
Form S-3 with the Securities and Exchange Commission covering, among other
things, 500,000 shares (the "Offered Shares") of Common Stock to be offered
by Mr. Shore. The sale of such shares by Mr. Shore would be the first
significant sale of shares by him since 1964. Mr. Shore proposes to offer
the Offered Shares through Lehman Brothers Inc., Needham & Company, Inc. and
Robertson, Stephens & Company LLC, as representatives of the several
underwriters (the "Underwriters"). In connection with the sale of the
Offered Shares, Mr. Shore intends to agree with the Underwriters not to offer
for sale, sell or otherwise dispose of (or enter into any transaction or
device which is designed to, or could be expected to, result in the
disposition or purchase by any person at any time in the future of) any shares
of Common Stock (other than the Offered Shares), without the prior written
consent of Lehman Brothers Inc. for a period of one year from the effective
date of the Registration Statement, subject to certain exceptions for gifts of
shares of Common Stock and shares of Common Stock which are pledged to secure
one or more loans.
Item 5. Interest in Securities of the Issuer.
(a) The aggregate number of shares of Common stock beneficially owned
by Mr. Shore is 1,625,612, which represents approximately 14% of the
outstanding shares of Common Stock as of January 16, 1996. This includes
65,000 shares of Common Stock which Jerry Shore may acquire pursuant to
options and excludes 112,410 shares of Common Stock owned by a member of Mr.
Shore's family, with respect to which latter shares Mr. Shore disclaims
beneficial ownership.
(b) Mr. Shore has the sole power to vote or to direct the vote and the
sole power to dispose or to direct the disposition of all outstanding shares
of Common Stock beneficially owned by him.
(c) See response to Item 3 of Amendment No. 5 to Mr. Shore's Schedule
13D. In addition, on December 15, 1995, Mr. Shore disposed of 2,500 shares
of Common Stock by way of gifts.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of,
the shares of Common Stock beneficially owned by Mr. Shore.
<PAGE> 14
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
There exist no contracts, arrangements, understandings or
relationships between Mr. Shore and any other person with respect to the
securities of the Company, except as follows:
Of the shares of Common Stock reported as beneficially owned by
Mr. Shore, 65,000 shares of Common Stock are shares which Mr. Shore has the
right to acquire upon exercise of options granted pursuant to the Company's
stock option plans. Mr. Shore's right to acquire such shares is governed by
such plans and the related stock options.
Once the Registration Statement is ordered effective by the SEC,
Mr. Shore may sell the Offered Shares to the Underwriters pursuant to an
Underwriting Agreement (the form of which is filed as EXHIBIT K to this
Amendment No. 7 to Mr. Shore's Schedule 13D.)
Item 7. Material to be Filed as Exhibits*
EXHIBIT A - Letter Agreement dated June 30, 1979 regarding
the Option granted to Mr. Shore by Mr. Chiesa.
EXHIBIT B - Letter Agreements dated February 16, 1982 and
March 25, 1982 amending the Agreement.
EXHIBIT C - Letter Agreement dated May 30, 1984 amending the
Agreement.
EXHIBIT D - Promissory Note in the original principal amount
of $691, 500 issued by Jerry Shore to Anthony Chiesa.
EXHIBIT E - Promissory Note in the original principal amount
of $350,000 issued by Jerry Shore to Bankers Trust Company.
EXHIBIT F - Letter Agreement dated January 7, 1986 between
Jerry Shore and National Westminster Bank USA.
EXHIBIT G - Promissory Note dated January 7, 1986 in the
original principal amount of $1,150,000 issued by Jerry Shore in favor of
National Westminster Bank USA.
EXHIBIT H - Non-Qualified Stock Option Plan and Agreement
dated November 27, 1984 between Jerry Shore and the Issuer.
<PAGE> 15
EXHIBIT I - Loan and Security Agreement dated April 15, 1992
between Mr. Shore and Bankers Trust Company.
EXHIBIT J - Promissory Note dated April 22, 1992 in the
principal amount of $1,000,000 issued by Mr. Shore in favor of Bankers Trust
Company.
EXHIBIT K - Form of Underwriting Agreement (incorporated
herein by reference to Exhibit 1.02 to the Issuer's Registration Statement on
Form S-3 (Registration No. 333-00213))
_______
*Pursuant to Rule 101(a)(2)(ii) of Regulation S-T, Mr. Shore has not re-filed
the previously filed exhibits to the Schedule 13D, as amended to date.
<PAGE> 16
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.
Jerry Shore
--------------------------
(Signature)
Dated: January 18, 1996
