UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
NoFire Technologies, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.20 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
654865 10 4
- -------------------------------------------------------------------------------
(CUSIP Number)
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Andrew H. Tisch
667 Madison Avenue
New York, NY 10021
(212) 521-5130
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 26, 1998
- -------------------------------------------------------------------------------
(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 ss.ss.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 this statement, including all exhibits. See ss.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>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 654865 10 4 Page 2 of 37 Pages
- --------------------- ------------------
- -------- -----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
NF Partners, LLC
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- -----------------------------------------------------------------------
3
SEC USE ONLY
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------- -----------------------------------------------------------------------
- ------------------ ------- -----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 9,427,426
------- -----------------------------------------------------
------- -----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- -----------------------------------------------------
------- -----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
9,427,426
------- -----------------------------------------------------
------- -----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- -----------------------------------------------------
- -------- -----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,427,426
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45.0%
- -------- -----------------------------------------------------------------------
- -------- -----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
OO
- -------- -----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ---------------------- -------------------
CUSIP No. 654865 10 4 Page 3 of 37 Pages
- ---------------------- -------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Andrew H. Tisch
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- -----------------------------------------------------------------------
- ------------------ ------- -----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 285,000
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
285,000
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,000
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- ---------------------- -------------------
CUSIP No. 654865 10 4 Page 4 of 37 Pages
- ---------------------- -------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
JMC Investments LLC
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 438,487
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
438,487
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
438,487
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
OO
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 654865 10 4 Page 5 of 37 Pages
- --------------------- ------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
John Capozzi
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
OO
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 175,000
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
175,000
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,000
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 654865 10 4 Page 6 of 37 Pages
- --------------------- ------------------
- -------- -----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Ravitch Rice & Company LLC
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 219,244
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
219,244
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
219,244
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
OO
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 654865 10 4 Page 7 of 37 Pages
- --------------------- ------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Barry L. Bloom
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 394,640
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
394,640
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
394,640
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 654865 10 4 Page 8 of 37 Pages
- --------------------- ------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Robyn Samuels
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 87,693
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
87,693
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,693
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 654865 10 4 Page 9 of 37 Pages
- --------------------- ------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Paul A. Downey
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 438,487
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
438,487
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
438,487
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 654865 10 4 Page 10 of 37 Pages
- --------------------- -------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Robert N. Downey
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 3,069,387
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
3,069,387
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,069,387
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.6%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 654865 10 4 Page 11 of 37 Pages
- --------------------- -------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Robert H. Savage
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 673,333
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
673,333
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
673,333
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 654865 10 4 Page 12 of 37 Pages
- --------------------- -------------------
- -------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entity Only)
Thomas M. Steinberg
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------- ----------------------------------------------------------------------
3
SEC USE ONLY
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS*
PF
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------- ----------------------------------------------------------------------
- ------------------ ------- ----------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 394,640
------- ----------------------------------------------------
------- ----------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
OWNED BY -0-
------- ----------------------------------------------------
------- ----------------------------------------------------
EACH 9
SOLE DISPOSITIVE POWER
REPORTING
394,640
------- ----------------------------------------------------
------- ----------------------------------------------------
PERSON 10
SHARED DISPOSITIVE POWER
WITH
-0-
- ------------------ ------- ----------------------------------------------------
- -------- ----------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
394,640
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
- -------- ----------------------------------------------------------------------
- -------- ----------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- -------- ----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Statement amends and supplements the Schedule 13D (the
"Schedule 13D") of NF Partners, LLC, a Delaware limited liability company, JMC
Investments LLC, a Connecticut limited liability company, Ravitch Rice & Company
LLC, a New York limited liability company, Barry L. Bloom, Robyn Samuels, Paul
A. Downey, Robert N. Downey, Robert H. Savage, Thomas M. Steinberg, Andrew H.
Tisch, and John Capozzi filed with the Securities and Exchange Commission on
June 26, 1998, as amended by Amendment No. 1 filed on October 30, 1998, and
Amendment No. 2 filed on December 1, 1998, and relates to the acquisition on
March 26, 1999, of beneficial ownership of 1,111,112 shares of Common Stock, par
value $0.20 per share (the "Common Stock"), of NoFire Technologies, Inc. (the
"Issuer") and warrants to purchase 2,777,780 shares of Common Stock. Capitalized
terms used herein and not defined herein shall have the meanings ascribed
thereto in the Schedule 13D.
Item 2. Identity and Background.
(a)
This statement is being filed by the following entities and
individuals:
1. NF Partners, LLC, a Delaware limited liability company ("NFP");
2. JMC Investments LLC, a Connecticut limited liability company
("JMC");
3. Ravitch Rice & Company LLC, a New York limited liability company
("RRC");
4. Barry L. Bloom ("Bloom");
5. Robyn Samuels ("Samuels");
6. Paul A. Downey ("Paul Downey");
7. Robert N. Downey ("Robert Downey");
8. Robert H. Savage ("Savage");and
9. Thomas M. Steinberg ("Steinberg").
NFP, JMC, RRC, Bloom, Samuels, Paul Downey, Robert Downey, Savage and Steinberg
are referred to herein individually as a "Purchase Agreement Investor" and
collectively as the "Purchase Agreement Investors". This statement is also being
filed by Andrew H. Tisch ("Andrew H. Tisch") and John Capozzi ("Capozzi").
Andrew H. Tisch, Capozzi and the Purchase Agreement Investors are referred to
herein individually as a "Reporting Person" and collectively as the "Reporting
Persons."
NFP, Andrew H. Tisch
- --------------------
The sole members of NFP are Four Partners, a New York general
partnership ("FP"), Four-Fourteen Partners, LLC, a Delaware limited liability
company ("4-14P") and Three Partners, a New York general partnership ("TP"). The
principal business of each of NFP, FP, 4-14P and TP is investments. The address
of the principal business and the principal office of NFP is c/o Andrew H.
Tisch, 667 Madison Avenue, New York, New York 10021. The address of the
principal business and the principal office of each of FP and 4-14P is c/o
Thomas J. Tisch, 667 Madison Avenue, New York, New York 10021. The address of
the principal business and the principal office of TP is c/o Jonathan M. Tisch,
667 Madison Avenue, New York, New York 10021. TP became a member of NFP prior to
execution of the Second Supplemental Purchase Agreement (as defined below) and
received a special allocation of NFP's entire interest in the Second
Supplemental Purchase Agreement Units (as defined below). TP has not interest in
any other securities of TP beneficially owned by NFP as reported herein.
The sole partners of FP are Andrew H. Tisch 1991 Trust, for
which Andrew H. Tisch is the managing trustee, Daniel R. Tisch 1991 Trust, for
which Daniel R. Tisch is the managing trustee, James S. Tisch 1991 Trust, for
which James S. Tisch is the managing trustee, and Thomas J. Tisch 1991 Trust,
for which Thomas J. Tisch is the managing trustee. Andrew H. Tisch, Daniel R.
Tisch, James S. Tisch and Thomas J. Tisch are referred to herein as the "Messrs.
Tisch".
The members of 4-14P are trusts for the benefit of the
offspring of the Messrs. Tisch, partnerships the partners of which are such
trusts and partnerships the partners of which are such partnerships.
The Messrs. Tisch serve as the trustees of such trusts.
The sole partners of TP are Steven E. Tisch 1992 Trust, for
which Steven E. Tisch is the Managing Trustee, Jonathan M. Tisch 1992 Trust, for
which Jonathan M. Tisch is the managing trustee, and Laurie Tisch Sussman 1992
Trust, for which Laurie Tisch Sussman is the managing trustee.
Andrew H. Tisch has been appointed the Manager of NFP. Thomas
J. Tisch has been appointed the Manager of each of FP and 4-14P.
On January 19, 1999, the Purchase Agreement Investors other
than Savage (the "Supplemental Purchase Agreement Investors") purchased from the
Issuer in a private placement an aggregate of 220,000 units, each unit
consisting of one share of Common Stock, and five-year warrants (the
"Supplemental Purchase Agreement Warrants") to purchase 2.5 shares of Common
Stock at an initial exercise price of $ .50 per share, for aggregate
consideration of $110,000 pursuant to a Supplemental Common Stock and Five-Year
Warrant Purchase Agreement (the "Supplemental Purchase Agreement") dated as of
October 26, 1998 by and among the Issuer, the Supplemental Purchase Agreement
Investors, Sam Oolie and Samuel Gottfried. The Supplemental Purchase Agreement
allowed the Supplemental Purchase Agreement Investors to purchase a total of
960,000 units, each unit consisting of one share of Common Stock and
Supplemental Purchase Agreement Warrants to purchase 2.5 shares of Common Stock,
for total aggregate consideration of $480,000 (the "Supplemental Purchase
Agreement Units").
On March 26, 1999, the Issuer, the Purchase Agreement
Investors, Sam Oolie and Samuel Gottfried entered into the Second Supplemental
Common Stock and Five-Year Warrant Purchase Agreement, dated March 22, 1999 (the
"Second Supplemental Purchase Agreement"), allowing the Purchase Agreement
Investors to purchase a total of 1,111,112 units, each unit consisting of one
share of Common Stock and five-year warrants (the "Second Supplemental Purchase
Agreement Warrants") to purchase 2.5 shares of Common Stock, for total aggregate
consideration of $800,000 (the "Second Supplemental Purchase Agreement Units").
The Purchase Agreement Investors may, but are not required to purchase
investment units if requested by the Company on or before September 22, 1999, or
at their option exercised on or before that date.
On March 30, 1999, the Purchase Agreement Investors purchased
an aggregate of 180,556 Second Supplemental Purchase Agreement Units for total
aggregate consideration of $130,000.10. All of the Second Supplemental Purchase
Agreement Units acquired by NFP on March 30, 1999, were allocated to TP.
The Purchase Agreement Investors are herein reporting
beneficial ownership of all of the 1,111,112 Second Supplemental Purchase
Agreement Units which they have purchased or may purchase pursuant to the Second
Supplemental Purchase Agreement. See Item 6, below.
Section 2.1(b) of the Common Stock and Five-Year Warrant
Purchase Agreement dated as of June 15, 1998 (the "Purchase Agreement") provided
that if, prior to August 31, 1999, the Issuer has entered into binding contracts
with nuclear power generating companies or their contractors providing for gross
sales of more than $100,000 of the Issuer's fire retardant products during the
first year of such contracts to upgrade fire protection of control wiring at
nuclear power generating facilities, the Purchase Agreement Investors would
purchase an aggregate of $150,000.30 of additional units (the "Second Tranche
Units"), each unit consisting of one share of Common Stock and Warrants to
purchase 2.5 shares of Common Stock at an initial exercise price of $1.00 per
share.
Section 2.2 of the Purchase Agreement provided that if for the
fiscal year ending August 31, 1999, the Issuer has net sales of $2,000,000 or
more and pre-tax earnings of $400,000 or more, the Purchase Agreement Investors
would purchase on September 15, 1999 an aggregate of $500,001.30 of additional
units ("Second Closing Units"), each Second Closing Unit consisting of one share
of Common Stock and Warrants to purchase 2.5 shares of Common Stock at an
initial exercise price of $1.00 per share, for a purchase price of $0.90 per
Second Closing Unit. If the Issuer fails to meet the net sales and pre-tax
earnings thresholds set forth above, the Purchase Agreement Investors may
nevertheless, at their option, purchase all or part of their Second Closing
Units.
The Supplemental Purchase Agreement amended Section 2.1(b) and
Section 2.2 of the Purchase Agreement to provide that the purchase price for the
Second Tranche Units and the Second Closing Units will be reduced from $0.90 to
$0.75 and the exercise price of each Purchase Agreement Warrant to be issued in
the Second Tranche Closing and the Second Closing, if the conditions for such
closings are satisfied, will be reduced from $1.00 to $0.75 per share of Common
Stock.
The Second Supplemental Purchase Agreement amended Section
2.1(b) of the Purchase Agreement to provide that while the Purchase Agreement
Investors will have no obligation to purchase investment units at the Second
Tranche Closing unless the condition therefor has been met by August 31, 1999,
the Purchase Agreement Investors will have the option to purchase up to 200,000
investment units, each unit consisting of one share of Common Stock, and
five-year Warrants to purchase 2.5 shares of Common Stock at an initial exercise
price of $0.75 per share, for total aggregate consideration of up to $150,000 at
any time from August 31, 1999 through August 31, 2000.
In addition, the Second Supplemental Purchase Agreement
amended Section 2.2 of the Purchase Agreement to provide that the Purchase
Agreement Investors will have the right, but not the obligation unless the
conditions therefor have been met by August 31, 1999, to purchase up to 666,668
investment units consisting of one share of Common Stock, and five-year Warrants
to purchase 2.5 shares of Common Stock at an initial exercise price of $0.75 per
share for total aggregate consideration of up to $500,000.25 at any time from
September 15, 1999 through September 15, 2000. For purposes of this Schedule
13D, the Second Tranche Units and the Second Closing Units, as modified by the
Supplemental Purchase Agreement and the Second Supplemental Purchase Agreement,
are referred to as the "New Second Tranche Units" and the "New Second Closing
Units", respectively.
The Purchase Agreement Investors are herein reporting
beneficial ownership of 866,667 New Second Tranche Units and New Second Closing
Units which they may purchase pursuant to the amended Purchase Agreement
notwithstanding the fact that the New Second Tranche Units and the New Second
Closing Units are not presently exercisable by them.
By signing this statement, each Reporting Person agrees that
this Statement is filed on its, his or her behalf. The filing of this statement
is not an admission by any Reporting Person that such Reporting Person and any
other Reporting Person or Reporting Persons constitute a "group" for purposes of
Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule
13d-5 thereunder. Each Reporting Person disclaims beneficial ownership of any
shares of Common Stock owned by any other Reporting Person, except to the extent
that beneficial ownership is expressly reported herein.
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration.
Set forth below is information regarding the funds used by the
Purchase Agreement Investors to purchase the securities reported in Item 5
below.
<TABLE>
<CAPTION>
Reporting Aggregate
Person Source of Funds Purchase Price
-------------- ----------------- ------------------
<S> <C> <C>
NFP Working Capital $1,160,441.28
JMC Working Capital $ 53,974.48
RRC Working Capital $ 26,986.54
Bloom Personal Funds $ 48,576.52
Samuels Personal Funds $ 10,794.23
Paul Downey Personal Funds $ 53,974.48
Robert Downey Personal Funds $377,817.27
Savage Personal Funds $ 78,857.06
Steinberg Personal Funds $ 48,576.52
</TABLE>
The foregoing amounts do not include the exercise price of the
Purchase Agreement Warrants, the Supplemental Purchase Agreement Warrants, the
Second Supplemental Purchase Agreement Warrants, the New Second Tranche Units or
the New Second Closing Units. The Purchase Agreement Investors would have to pay
the exercise price of such securities to obtain the shares of Common Stock that
are issuable upon exercise of such securities and that are included among the
shares of Common Stock beneficially owned by the Purchase Agreement Investors.
<PAGE>
Item 5. Interest in Securities of the Issuer.
(a) Set forth in the table below is the aggregate number of
shares of Common Stock beneficially owned as of the date hereof by each person
or entity named in Item 2 above, together with the percentage of outstanding
shares of Common Stock which is beneficially owned by each such person or
entity. The ownership percentages set forth in the table below are based on
13,105,415 shares of Common Stock having been outstanding subsequent to the
transactions effected on March 30, 1999 pursuant to the Second Supplemental
Purchase Agreement which number of shares was derived by adding the 220,000
shares of Common Stock issued on January 19, 1999 pursuant to the Supplemental
Purchase Agreement and the 180,556 shares of Common Stock issued on March 30,
1999 pursuant to the Second Supplemental Purchase Agreement to the number of
shares outstanding last reported by the Issuer (12,704,859 as of January 13,
1999 as reported in the Issuer's Form 10-QSB for the quarter ended November 30,
1998). The percentages of the outstanding shares of Common Stock owned by each
of the persons listed below and the percentage of the outstanding shares of
Common Stock owned by all of such persons in the aggregate have been calculated
in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as
amended, to reflect ownership of shares of Common Stock issuable upon exercise
of outstanding warrants, remaining Second Supplemental Purchase Agreement Units,
New Second Tranche Units and New Second Closing Units (including the shares of
Common Stock issuable upon exercise of warrants included in such warrants) owned
by each such person. As provided in such Rule, shares of Common Stock issuable
to any person upon exercise of its, his or her warrants (or issuable to all such
persons in the aggregate) are deemed to be outstanding for the purpose of
calculating such person's beneficial ownership (or all such persons' aggregate
beneficial ownership) but not any other person's beneficial ownership.
<TABLE>
<CAPTION>
Amount and Nature of
Beneficial Ownership
--------------------
% of Class
Name of Has Right Out-
Beneficial Owner Owned Currently to Acquire(1) Total standing
- ----------------- -------------- ------------- -------- -----------
<S> <C> <C> <C> <C>
NFP 1,589,542 7,837,884 9,427,426 45.0%
FP (2) (2) (2) (2)
4-14P (2) (2) (2) (2)
Andrew H. Tisch (2) (2) (2) (2)
1991 Trust
Daniel R. Tisch (2) (2) (2) (2)
1991 Trust
James S. Tisch (2) (2) (2) (2)
1991 Trust
Thomas J. Tisch (2) (2) (2) (2)
1991 Trust
Andrew H. Tisch 160,000(2) 125,000(2)(3) 285,000(2)(3) 2.2%(2)
Daniel R. Tisch (2) (2) (2) (2)
James S. Tisch (2) (2) (2) (2)
Thomas J. Tisch (2) (2) (2) (2)
Steven E. Tisch (2) (2) (2) (2)
1992 Trust
Jonathan M. Tisch (2) (2) (2) (2)
1992 Trust
Laurie Tisch (2) (2) (2) (2)
Sussman 1992
Trust
Steven E. Tisch (2) (2) (2) (2)
Jonathan M. Tisch (2) (2) (2) (2)
Laurie Tisch Sussman (2) (2) (2) (2)
JMC 73,933(1) 364,554(1) 438,487(1) 3.3%(1)
Capozzi 100,000(4) 75,000(4) 175,000(4) 1.3%(4)
RRC 36,965(1) 182,279(1) 219,244(1) 1.7%(1)
Richard Ravitch (5) (5) (5) (5)
Donald S. Rice (5) (5) (5) (5)
Barry L. Bloom 66,539(1) 378,101(1) 394,640(1) 2.9%(1)
Robyn Samuels 14,786(1) 72,907(1) 87,693(1) 0.7%(1)
Paul A. Downey 73,933(1) 364,554(1) 438,487(1) 3.3%(1)
Robert N. Downey 517,524(1) 2,551,863 3,069,387(1) 19.6%(1)
Robert H. Savage 36,111(1) 192,381(1) 673,333(1) 4.9%(1)
Thomas M. Steinberg
66,539(1) 378,101(1) 394,640(1) 2.9%(1)
------- --------- -------- - ----
Total 2,789,443(1) 12,813,895(1) 15,603,338(1) 60.2%(1)
</TABLE>
<PAGE>
(1) Includes shares of Common Stock issuable upon exercise of Purchase
Agreement Warrants, Supplemental Purchase Agreement Warrants, Second
Supplemental Purchase Agreement Warrants, Second Supplemental Purchase
Agreement Units, New Second Tranche Units and New Second Closing Units
held by the Purchase Agreement Investors, warrants held by Mr. Tisch
reported in note 3 below and Consultant Warrants held by Mr. Capozzi
reported in note 4 below.
(2) Does not include shares owned by NFP. None of FP, 4-14P, TP or the
Messrs. Tisch or the trustee of the trusts that are partners of TP
beneficially owns any shares of Common Stock, except for the shares of
Common Stock beneficially owned by Andrew H. Tisch and except to the
extent that beneficial ownership of shares of Common Stock beneficially
owned by NFP may be attributed to them.
(3) Prior to the transactions effected pursuant to the Purchase Agreement,
Mr. Tisch acquired the following warrants: (a) warrants to acquire
50,000 shares of Common Stock at an exercise price of $2.00 per share,
which warrants expire on November 13, 2001, (b) warrants to acquire
50,000 shares of Common Stock at an exercise price of $2.00 per share,
which warrants expire on September 22, 2002 and (c) warrants to acquire
25,000 shares of Common Stock at an exercise price of $3.00 per share,
which warrants expire on September 22, 2002.
(4) Shares in the "Owned Currently" column are owned by Mr. Capozzi's wife.
Shares in the "Has Right to Acquire" column are shares of Common Stock
issuable upon exercise of the Consultant Warrants. Mr. Capozzi's rights
to receive the Consultant Warrants vest at the rate of 1,250 Consultant
Warrants monthly for so long as Mr. Capozzi continues to perform
consulting services for the Issuer over a five-year period commencing
on the date of the First Closing. Does not include shares owned by JMC.
(5) Does not include shares owned by RRC. Neither Mr. Ravitch nor Mr. Rice
beneficially owns any shares of Common Stock, except to the extent that
beneficial ownership of shares of Common Stock beneficially owned by
RRC may be attributed to them.
(b) Set forth in the table below is information with respect
to the number of shares of Common Stock beneficially owned as of the date hereof
by each person or entity named in Item 2 above, indicating, with respect to such
shares of Common Stock, whether each such person has the sole power to vote or
direct the vote or shared power to vote or direct the vote and sole power to
dispose or direct the disposition or shared power to dispose or direct the
disposition.
<TABLE>
<CAPTION>
Power to Dispose or
Name of Beneficial Power to Vote or Direct Direct the
Owner the Vote Disposition
----- -------- ------------
Sole Shared Sole Shared
---- ------ ---- ------
<S> <C> <C> <C> <C>
NFP 9,427,426 0 9,427,426 0
FP (1) (1) (1) (1)
4-14P (1) (1) (1) (1)
Andrew H. Tisch (1) (1) (1) (1)
1991 Trust
Daniel R. Tisch (1) (1) (1) (1)
1991 Trust
James S. Tisch (1) (1) (1) (1)
1991 Trust
Thomas J. Tisch (1) (1) (1) (1)
1991 Trust
Andrew H. Tisch 285,000(1) (1) 285,000(1) (1)
Daniel R. Tisch (1) (1) (1) (1)
James S. Tisch (1) (1) (1) (1)
Thomas J. Tisch (1) (1) (1) (1)
Steven E. Tisch (1) (1) (1) (1)
1992 Trust
Jonathan M. Tisch (1) (1) (1) (1)
1992 Trust
Laurie Tisch Sussman 1992 (1) (1) (1) (1)
Trust
Steven E. Tisch (1) (1) (1) (1)
Jonathan M. Tisch (1) (1) (1) (1)
Laurie Tisch Sussman (1) (1) (1) (1)
JMC 438,487 0 438,487 0
RRC 219,244 0 219,244 0
Capozzi 175,000(2) (2) 175,000(2) (2)
Richard Ravitch (3) (3) (3) (3)
Donald S. Rice (3) (3) (3) (3)
Barry L. Bloom 394,640 0 394,640 0
Robyn Samuels 87,693 0 87,693 0
Paul A. Downey 438,487 0 438,487 0
Robert N. Downey 3,069,387 0 3,069,387 0
Robert H. Savage 673,333 0 673,333 0
Thomas M. Steinberg
394,640 0 394,640 0
</TABLE>
(1) By virtue of their status as managing trustees of the trusts which are
the general partners of FP and which are (i) members of 4-14P or (ii)
partners of partnerships which are members of 4-14P or (iii) partners
of partnerships which are partners of partnerships which are members of
4-14P, the Messrs. Tisch may be deemed to have indirectly shared power
to vote or direct the vote and dispose or direct the disposition of the
shares of Common Stock owned by NFP. By virtue of their status as
managing trustees of the trusts which are the general partners of TP,
such trustees may be deemed to have indirectly shared power to vote or
direct the vote and dispose or direct the disposition of the shares of
Common Stock owned by NFP.
(2) By virtue of his status as manager and a member of JMC, Mr. Capozzi may
be deemed to have indirectly power to vote or direct the vote and
dispose or direct the disposition of the shares of Common Stock owned
by JMC.
(3) By virtue of their status as members of RRC, Mr. Ravitch and Mr. Rice
may be deemed to have indirectly shared power to vote or direct the
vote and dispose or direct the disposition of the shares of Common
Stock owned by NFP.
(c) The only transactions in the Common Stock effected by the
Reporting Persons during the sixty days preceding the date hereof were (i) the
acquisition by the Supplemental Purchase Agreement Investors on January 19, 1999
from the Issuer in a private placement pursuant to the Supplemental Purchase
Agreement of 220,000 Supplemental Purchase Agreement Warrants and (ii) the
acquisition by the Purchase Agreement Investors on March 30, 1999 from the
Issuer in a private placement pursuant to the Second Supplemental Purchase
Agreement of 180,556 Second Supplemental Purchase Agreement Warrants, which are
summarized below. None of the other persons or entities named in Item 2 above
effected any other transactions in the Common Stock during the 60 days preceding
the date hereof.
January 19, 1999 Acquisition
Units
-----
Name
Reporting Person Number Price/Unit
- ---------------- ------- ----------
NFP 143,333 $0.50
JMC 6,667 $0.50
RRC 3,333 $0.50
Barry L. Bloom 6,000 $0.50
Robyn Samuels 1,333 $0.50
Paul A. Downey 6,667 $0.50
Robert N. Downey 46,667 $0.50
Robert H. Savage 0
Thomas M. Steinberg
6,000 $0.50
--------
220,000
March 30, 1999 Acquisition
Units
-----
Name of
Reporting Person Number Price/Unit
- ----------------- ----- ----------
NFP 110,913 $0.72
JMC 5,159 $0.72
RRC 2,579 $0.72
Barry L. Bloom 4,643 $0.72
Robyn Samuels 1,037 $0.72
Paul A. Downey 5,159 $0.72
Robert N. Downey 36,111 $0.72
Robert H. Savage 10,317
Thomas M. Steinberg
4,643 $0.72
--------
180,556
(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 the persons and entities
named in Item 2 above.
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The Purchase Agreement Investors purchased shares of Common
Stock and Purchase Agreement Warrants from the Issuer in a private placement on
June 16, 1998 (the "First Closing") pursuant to the Purchase Agreement. The
summary set forth below of certain provisions of the Purchase Agreement is
qualified in its entirety by reference to the Purchase Agreement, which is
attached as an exhibit to this Schedule 13D and is incorporated herein by
reference.
The Purchase Agreement provides that if, prior to August 31,
1999, the Issuer has entered into binding contracts with nuclear power
generating companies or their contractors providing for gross sales of more than
$100,000 of the Issuer's fire retardant products during the first year of such
contracts to upgrade fire protection of control wiring at nuclear power
generating facilities, the Purchase Agreement Investors will purchase an
aggregate of $150,000.30 of Second Tranche Units, each unit consisting of one
share of Common Stock and Purchase Agreement Warrants to purchase 2.5 shares of
Common Stock at an initial exercise price of $0.90 per share (reduced to $0.75
per share pursuant to the Supplemental Purchase Agreement, see below), at a
tranche 2 closing (the "Second Tranche Closing") for a purchase price of $1.00
per unit (reduced to $0.75 per share pursuant to the Supplemental Purchase
Agreement, see below). The Second Supplemental Purchase Agreement amended the
Purchase Agreement to give the Purchase Agreement Investors the option to
purchase the Second Tranche Units exercisable at any time from August 31, 1999
through August 31, 2000 (see below). Set forth below is information concerning
the number of shares of Common Stock that each Purchase Agreement Investor would
acquire at a Second Tranche Closing if the Issuer enters into such contracts or
the Purchase Agreement Investors would acquire if they exercise in full their
option to purchase the Second Tranche Units. The information set forth below
reflects the amendments to the Second Tranche Closing per unit purchase price
effected by the Supplemental Purchase Agreement.
<TABLE>
<CAPTION>
Name of
Reporting Shares of Shares Underlying Purchase
Person Common Stock Warrants Total Price(1)
------ ------------ -------- ----- --------
<S> <C> <C> <C> <C>
NFP 122,857 307,143 430,000 $92,142.90
JMC 5,714 14,286 20,000 $4,285.80
RRC 2,857 7,143 10,000 $2,142.90
Bloom 5,143 12,858 18,001 $3,857.40
Samuels 1,142 2,856 3,998 $856.80
Paul Downey 5,714 14,286 20,000 $4,285.80
Robert Downey 40,000 99,999 139,999 $29,999.70
Savage 11,429 28,572 40,001 $8,571.60
Steinberg 5,143 12,858 18,001 $3,857.40
------- --------- ------- ----------
Total 200,000 500,001 700,001 $150,000.30
</TABLE>
(1) Does not include the exercise price of the Purchase Agreement Warrants
reflected in the above table. The Reporting Persons would have to pay
the Purchase Agreement Warrant exercise price to obtain the shares of
Common Stock shown in the "Shares Underlying Warrants" column. The
initial exercise price of the Purchase Agreement Warrants that would be
issued at the Second Tranche Closing is $0.75 per share of Common
Stock.
<PAGE>
The Purchase Agreement provides that if for the fiscal year
ending August 31, 1999, the Issuer has net sales of $2,000,000 or more and
pre-tax earnings of $400,000 or more, the Purchase Agreement Investors will
purchase an aggregate of $500,001.30 of Second Closing Units, each unit
consisting of one share of Common Stock and Purchase Agreement Warrants to
purchase 2.5 shares of Common Stock at an initial exercise price of $1.00 per
share (reduced to $0.75 per share pursuant to the Supplemental Purchase
Agreement, see below), at a second closing (the "Second Closing") on September
15, 1999 for a purchase price of $0.90 per unit (reduced to $0.75 per share
pursuant to the Supplemental Purchase Agreement, see below). If the Issuer fails
to meet the net sales and pre-tax earnings thresholds set forth above, the
Purchase Agreement Investors may nevertheless, at their option, purchase such
additional number of units. The exercise date for such option was extended to
September 15, 2000 pursuant to the Second Supplemental Purchase Agreement (see
below). Set forth below is information concerning the number of shares of Common
Stock that each Purchase Agreement Investor would acquire if the Issuer meets
such net sales and pre-tax earnings thresholds or, if such thresholds are not
met, the Purchase Agreement Investors exercise their option in full. The
information set forth below reflects the amendments to the Second Tranche
Closing per unit purchase price effected by the Supplemental Purchase Agreement.
<TABLE>
<CAPTION>
Name of Shares of Shares
Reporting Common Underlying Purchase
Person Stock Warrants Total Price (1)
- --------- ----- --------- ------ ---------
<S> <C> <C> <C> <C>
NFP 409,524 1,023,810 1,433,334 $307,143.00
JMC 19,048 47,619 66,667 $14,285.70
RRC 9,524 23,811 33,335 $7,143.30
Bloom 17,143 42,858 60,001 $12,857.40
Samuels 3,810 9,525 13,335 $2,857.50
Paul Downey
19,048 47,619 66,667 $14,285.70
Robert Downey
133,333 333,333 466,666 $99,999.90
Savage 38,095 95,238 133,333 $28,571.40
Steinberg 17,143 42,858 60,001 $12,857.40
------- --------- --------- -----------
Total 666,668 1,666,671 2,333,339 $500,001.30
</TABLE>
(1) Does not include the exercise price of the Purchase Agreement
Warrants reflected in the above table. The Purchase Agreement
Investors would have to pay the Purchase Agreement Warrant exercise
price to obtain the shares of Common Stock shown in the "Shares
Underlying Warrants" column. The initial exercise price of the
Purchase Agreement Warrants that would be issued at the Second
Closing is $0.75 per share of Common Stock.
The Issuer, the Purchase Agreement Investors, Sam Oolie and
Samuel Gottfried entered into the Second Supplemental Purchase Agreement,
allowing the Purchase Agreement Investors to purchase a total of 1,111,112
Second Supplemental Purchase Agreement Units, each unit consisting of one share
of Common Stock and Second Supplemental Purchase Agreement Warrants to purchase
2.5 shares of Common Stock. The Purchase Agreement Investors may, but are not
required to purchase units if requested by the Company on or before September
22, 1999 or at their option exercised on or before that date.
In order to obtain any financing under the Second Supplemental
Purchase Agreement, the Issuer must on or before September 22, 1999 give the
Chief Financial Officer of the Tisch Family Interests, as agent for the Second
Supplemental Purchase Agreement Investors (the "Agent"), at least ten (10) days
written notice of its desire to obtain such financing setting forth in detail
each proposed expenditure required (the "Proposed Expenditure"), the purpose
therefor, the payee or payees and any other pertinent information. The Agent
must either accept or decline the Issuer's request to finance the Proposed
Expenditure by replying in writing within ten (10) days of receipt of the
Issuer's notice. Each purchase and sale shall be consummated at a closing on the
date set forth in the notice requesting the Proposed Expenditure. The aggregate
purchase price paid by the Agent on behalf of the Purchase Agreement Investors
shall be an amount up to the total amount requested, and the total number of
units issued and sold to the Purchase Agreement Investors shall be equal to the
aggregate purchase price divided by the $0.72 investment unit purchase price,
allocated to each Purchase Agreement Investor pro rata according to percentages
set forth in Schedule 1 of the Second Supplemental Purchase Agreement. The Agent
may at any time upon ten days written notice to the Company on or before
September 22, 1999 elect to purchase the balance of investment units not
purchased prior to the date of such notice.
Set forth below is information concerning the number of shares
of Common Stock that each Purchase Agreement Investor would acquire if the
Purchase Agreement Investors purchase all of the Second Supplemental Purchase
Agreement Units.
<TABLE>
<CAPTION>
Shares of Shares of Shares
Reporting Common Underlying Purchase
Person Stock Warrants Total Price (1)
------ ----- -------- ----- ---------
<S> <C> <C> <C> <C>
NFP 682,540 1,706,350 2,388,890 $491,428.80
JMC 31,746 79,365 111,111 $22,857.12
RRC 15,873 39,683 55,556 $11,428.56
Bloom 28,572 71,430 100,002 $20,571.84
Samuels 6,349 15,872 22,221 $4,571.28
Paul Downey
31,746 79,365 111,111 $22,857.12
Robert Downey
222,222 555,555 777,777 $159,999.84
Savage 63,492 158,730 222,222 $45,714.24
Steinberg 28,572 71,430 100,002 $20,571.84
Total 1,111,112 2,777,780 3,888,892 $800,000.64
</TABLE>
(1) Does not include the exercise price of the Second Supplemental
Purchase Agreement Warrants reflected in the above table. The Purchase Agreement
Investors would have to pay the Second Supplemental Purchase Agreement Warrant
exercise price to obtain the shares of Common Stock shown in the "Shares
Underlying Warrants" column. The initial exercise price of the Second
Supplemental Purchase Agreement Warrants is $0.72 per share of Common Stock.
Item 7. Material to be filed as Exhibits.
--------------------------------
Exhibit 1. Agreement regarding the joint filing of this Statement.
Exhibit 2. Common Stock and Five-Year Warrant Purchase Agreement
dated as of June 15, 1998 between the Issuer, the Purchase
Agreement Investors and Sam Oolie and Samuel Gottfried.
Incorporated herein by reference to Exhibit 2 to the
Schedule 13D.
Exhibit 3. Form of Warrant. (Attached to the Purchase Agreement as
Exhibit A.) Incorporated herein by reference to Exhibit 3
to the Schedule 13D.
Exhibit 4. Registration Rights Agreement dated as of June 15, 1998
between the Issuer and the Purchase Agreement Investors.
(Attached to the Purchase Agreement as Exhibit D.)
Incorporated herein by reference to Exhibit 4 to the
Schedule 13D.
Exhibit 5. Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of October 26, 1998 between the Issuer,
the Supplemental Purchase Agreement Investors and Sam Oolie
and Samuel Gottfried. Incorporated herein by reference to
Exhibit 5 to Amendment No. 1 to the Schedule 13D.
Exhibit 6. Second Supplemental Common Stock and Five-Year Warrant
Purchase Agreement dated as of March 22, 1999 between the
Issuer, the Purchase Agreement Investors, Sam Oolie and
Samuel Gottfried.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I hereby certify that the information set forth in this statement is
true, complete and correct.
April 12, 1999
NF PARTNERS, LLC
By /s/ Andrew H. Tisch
-------------------------------------
Andrew H. Tisch, Manager
JMC INVESTMENTS LLC
By /s/ John Capozzi
----------------------------------------
John Capozzi, Manager
RAVITCH RICE & COMPANY LLC
By /s/ Donald S. Rice
-------------------------------------
Donald S. Rice, Managing Director
By /s/ Barry L. Bloom
-------------------------------------
Barry L. Bloom
By /s/ Robyn Samuels
-------------------------------------
Robyn Samuels
By /s/ Paul A. Downey
-------------------------------------
Paul A. Downey
<PAGE>
By /s/ Robert N. Downey
-------------------------------------
Robert N. Downey
By /s/ Robert H. Savage
-------------------------------------
Robert H. Savage
By /s/ Thomas M. Steinberg
-------------------------------------
Thomas M. Steinberg
By /s/ Andrew H. Tisch
-------------------------------------
Andrew H. Tisch
By /s/ John Capozzi
-------------------------------------
John Capozzi
<PAGE>
EXHIBIT INDEX
Exhibit 1. Agreement regarding the joint filing of this Statement.
Exhibit 2. Common Stock and Five-Year Warrant Purchase Agreement
dated as of June 15, 1998 between the Issuer, the Purchase
Agreement Investors and Sam Oolie and Samuel Gottfried.
Incorporated herein by reference to Exhibit 2 to the
Schedule 13D.
Exhibit 3. Form of Warrant. (Attached to the Purchase Agreement as
Exhibit A.) Incorporated herein by reference to Exhibit 3
to the Schedule 13D.
Exhibit 4. Registration Rights Agreement dated as of June 15, 1998
between the Issuer and the Purchase Agreement Investors.
(Attached to the Purchase Agreement as Exhibit D.)
Incorporated herein by reference to Exhibit 4 to the
Schedule 13D.
Exhibit 5. Supplemental Common Stock and Five-Year Warrant Purchase
Agreement dated as of October 26, 1998 between the Issuer,
the Supplemental Purchase Agreement Investors and Sam Oolie
and Samuel Gottfried. Incorporated herein by reference to
Exhibit 5 to Amendment No. 1 to the Schedule 13D.
Exhibit 6. Second Supplemental Common Stock and Five-Year Warrant
Purchase Agreement dated as of March 22, 1999 between the
Issuer, the Purchase Agreement Investors, Sam Oolie and
Samuel Gottfried.
<PAGE>
EXHIBIT 1
AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree that Amendment
No. 3, dated April 12, 1999, to the Schedule 13D relating to the Common Stock,
par value $0.20 per share, of NoFire Technologies, Inc., as the same may be
amended from time to time hereafter, is being filed with the Securities and
Exchange Commission on behalf of each of them.
Dated: April 12, 1999
NF PARTNERS, LLC
By /s/ Andrew H. Tisch
-------------------------------------
Andrew H. Tisch, Manager
JMC INVESTMENTS LLC
By /s/ John Capozzi
-------------------------------------
John Capozzi, Manager
RAVITCH RICE & COMPANY LLC
By /s/ Donald S. Rice
-------------------------------------
Donald S. Rice, Managing Director
By /s/ Barry L. Bloom
-------------------------------------
Barry L. Bloom
By /s/ Robyn Samuels
-------------------------------------
Robyn Samuels
By /s/ Paul A. Downey
-------------------------------------
Paul A. Downey
By /s/ Robert N. Downey
-------------------------------------
Robert N. Downey
By /s/ Robert H. Savage
-------------------------------------
Robert H. Savage
By /s/ Thomas M. Steinberg
-------------------------------------
Thomas M. Steinberg
By /s/ Andrew H. Tisch
-------------------------------------
Andrew H. Tisch
By /s/ John Capozzi
-------------------------------------
John Capozzi
