SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
VTX ELECTRONICS CORP.
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(Name of issuer)
Common Stock, $.10 par value
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(Title of class of securities)
918388109
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(CUSIP Number)
Paul McDermott
Nomura Securities International
2 World Financial Center
New York, New York 10038
(212) 667-9300
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(Name, address and telephone number of person
authorized to receive notices and communications)
May 31, 1995
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(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.
(Continued on following page(s))
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*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 disclosure
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, as amended (the "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 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAUL MCDERMOTT
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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*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 641,994
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
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9 SOLE DISPOSITIVE POWER
641,994
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
641,994
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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)
5.1%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this Schedule 13D
relates is the common stock, $.10 par value ("Common Stock") of VTX Electronics
Corp. ("VTX") a Delaware corporation. The principal executive offices of VTX are
located at 61 Executive Boulevard, Farmingdale, New York 11735.
ITEM 2. IDENTITY AND BACKGROUND
This Statement is filed, pursuant to Rule 13d-1(f)(1) under
the Act, on behalf of the following reporting person (the "Reporting Person"):
1. a. Paul McDermott
b. c/o Nomura Securities International, Inc.
2 World Financial Center
New York, New York 10038
c. Managing Director
c/o Nomura Securities International, Inc.
2 World Financial Center
New York, New York 10038
c. & d. During the last five years, Mr. McDermott
has not been convicted in a criminal
proceeding (excluding traffic violations or
other similar misdemeanors) and has not been
a party to a civil proceeding of a judicial
or administrative body of competent
jurisdiction which resulted in his being
subject 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.
e. United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person is a limited partner of VX Capital
Partners, L.P. ("VX"). On May 31, 1995, VX transferred to the Reporting Person,
601,994 shares of Common Stock of VTX, representing the Reporting Person's pro
rata shares of VTX held by VX.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person acquired the shares of Common Stock that
are reported in Item 5 hereof for his account for investment purposes. The
Reporting Person has no present plans or intentions that would result in or
relate to any of the transactions required to be described in Item 4 of Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(i) The aggregate number of shares of Common Stock
beneficially owned by the Reporting Person is 641,994
which represents approximately 5.1% of the total
number of shares outstanding. Percentage of ownership
is computed based on the number of shares outstanding
as reported in the Prospectus of VTX dated May 11,
1995.
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
<PAGE>
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 accurate.
June 7, 1995 /s/ Paul McDermott
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PAUL MCDERMOTT
