SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 4
TO
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
PEEKSKILL FINANCIAL CORPORATION
(Name of Issuer)
Common Stock, Par Value $.01
(Title of Class of Securities)
705385102
(CUSIP Number)
Simeon Brinberg
60 Cutter Mill Road
Great Neck, New York 11021
(516) 466-3100
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 26, 1999
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box: ( )
- -------------------------------------------------------------------------------
CUSIP No. 705385102 13D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Gould Investors L.P.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: #11-2763164
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (x)
(b) ( )
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ( )
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 264,000
SHARES -------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER -0-
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 264,000
REPORTING -------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER -0-
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
264,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.29%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
GIT Pension Trust
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: #11-3009470
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (x)
(b) ( )
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ( )
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 2,500
----------------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
----------------------------------------------------
BENEFICIALLY 9 SOLE DISPOSITIVE POWER 2,500
----------------------------------------------------
OWNED BY 10 SHARED DISPOSITIVE POWER -0-
----------------------------------------------------
EACH
REPORTING
PERSON WITH
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
BRT Pension Trust
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: #11-3009466
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (x)
(b) ( )
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ( )
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 2,500
--------------------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
--------------------------------------------------------
BENEFICIALLY 9 SOLE DISPOSITIVE POWER 2,500
---------------------------------------------------------
OWNED BY 10 SHARED DISPOSITIVE POWER -0-
---------------------------------------------------------
EACH
REPORTING
PERSON WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
REIT Management Corp. Pension Trust
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: #11-3010579
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (x)
(b) ( )
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ( )
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 2,500
--------------------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
--------------------------------------------------------
BENEFICIALLY 9 SOLE DISPOSITIVE POWER 2,500
--------------------------------------------------------
OWNED BY 10 SHARED DISPOSITIVE POWER -0-
--------------------------------------------------------
EACH
REPORTING
PERSON WITH
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
REIT Management Corp. Profit Sharing Trust
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: #11-6382361
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (x)
(b) ( )
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ( )
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 2,500
---------------------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
---------------------------------------------------------
BENEFICIALLY 9 SOLE DISPOSITIVE POWER 2,500
---------------------------------------------------------
OWNED BY 10 SHARED DISPOSITIVE POWER -0-
---------------------------------------------------------
EACH
REPORTING
PERSON WITH
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
BRT Realty Trust
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: #13-2755856
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (x)
(b) ( )
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ( )
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER -0-
------------------------------------------------------------
SHARES 8 SHARED VOTING POWER -0-
------------------------------------------------------------
BENEFICIALLY 9 SOLE DISPOSITIVE POWER -0-
------------------------------------------------------------
OWNED BY 10 SHARED DISPOSITIVE POWER -0-
------------------------------------------------------------
EACH
REPORTING
PERSON WITH
- -------------------------------------------------------------------------------
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)
0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------
This Amendment amends and supplements the Statement on Schedule 13D filed
on June 5, 1998, amended by Amendment No. 1 filed on July 6, 1998,
Amendment No.2 filed on January 5, 1999 and Amendment No.3 filed on January
13, 1999, relating to the common stock, $.01 par value (the "Common
Stock"), of Peekskill Financial Corporation, a Delaware corporation (the
"Company").
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is hereby amended by adding the following:
The Reporting Persons have determined that they will tender all of
their shares of Common Stock in the Company's Dutch Auction Self Tender
Offer (the "Self Tender Offer") that expires on January 27, 1999. The
decision to tender is based primarily on a determination that the relative
illiquidity of the Common Stock will only be exacerbated if the Company is
successful in whole or in part in purchasing shares of Common Stock
pursuant to the Self Tender Offer.
BRT has not withdrawn its Proposal and intends to continue to seek to
enter into discussions with the Company concerning that Proposal. BRT
reserves the right, however, to withdraw the Proposal at any time.
Each of the Reporting Persons intends to continually assess the market
for the purchase and sale of shares of Common Stock. Any of the Reporting
Persons may purchase additional shares of Common Stock from time to time in
the open market, in private transactions or otherwise, subject to
regulatory approval requirements, but they currently do not intend to
increase their aggregate percentage ownership interest above ten percent of
such outstanding shares. Moreover, depending upon such continuing
assessment and future developments, the Reporting Persons may also
determine, from time to time or at any time, to sell or otherwise dispose
of some or all of their holdings of shares of Common Stock. In making any
such determination, the Reporting Persons will consider the Company's
operating performance and future prospects, as well as other business
opportunities available to them, general economic conditions, and money and
stock market conditions.
The Reporting Persons reserve the right to pursue other possible
courses of action with respect to the Company including seeking
representation on the Company's Board of Directors. However, no decision
as to any such course of action has been made.
Except as set forth in this Item 4, none of the Reporting Persons nor,
to the best of Reporting Person's knowledge, any of the individuals named
in Schedule I hereto, has any plans or proposals which relate to or which
would result in any of the actions specified in clauses (a) through (j) of
Item 4 of Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Dated: January 26, 1999
GOULD INVESTORS L.P.
BY GEORGETOWN PARTNERS, INC.
MANAGING GENERAL PARTNER
By: /s/ Simeon Brinberg
-------------------------------
Name: Simeon Brinberg
Title: Senior Vice President
REIT MANAGEMENT CORP. GIT PENSION TRUST
PENSION TRUST
By: /s/ Simeon Brinberg By: /s/ Simeon Brinberg
--------------------------- -------------------------------
Name: Simeon Brinberg Name: Simeon Brinberg
Title: Trustee Title: Trustee
REIT MANAGEMENT CORP. BRT PENSION TRUST
PROFIT SHARING TRUST
By: /s/ Simeon Brinberg By: /s/ Simeon Brinberg
--------------------------- -------------------------------
Name: Simeon Brinberg Name: Simeon Brinberg
Title: Trustee Title: Trustee
BRT REALTY TRUST
By: /s/ Jeffrey A. Gould
---------------------------
Name: Jeffrey A. Gould
Title: President
