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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
David White, Inc.
(Name of Issuer)
Common Stock, $3 Par Value
(Title of Class of Securities)
756-044-103
(CUSIP Number)
Tony L. Mihalovich
President and Chief Executive Officer
David White, Inc.
11711 River Lane
P.O. Box 1007
Germantown, Wisconsin 53022-8207
(414) 251-8100
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 6, 1995
(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 /____/.
Page 1 of 6
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CUSIP No. 756-044-103 13D Page 2 of 6 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marshall A. Loewi
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2. CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP (a) / /
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(b) / /
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N/A
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
N/A
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
----
N/A
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7. SOLE VOTING POWER
NUMBER
OF 17,838
SHARES
--------------------------------------
BENEFICIALLY
OWNED 8. SHARED VOTING POWER
BY
EACH 38,607
REPORTING ----------------------------------------
PERSON
WITH 9. SOLE DISPOSITIVE POWER
17,838
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10. SHARED DISPOSITIVE POWER
38,607
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,445
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.3%
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14. TYPE OF REPORTING PERSON
IN
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Page 3 of 6 Pages
AMENDMENT NO. 2 TO SCHEDULE 13D
Marshall A. Loewi hereby amends and supplements his statement on
Schedule 13D dated July 1, 1980 (the "Statement") with respect to the Common
Stock of David White, Inc. (the "Company"). The full text of Mr. Loewi's July
1, 1980 Statement, as amended, is fully set forth herein. The changes made by
this Amendment No. 2 are indicated throughout.
Unless otherwise indicated, each capitalized term used but not defined
herein shall have the meaning assigned to such term in the Statement.
ITEM 1. SECURITY AND ISSUER.
Item 1 is hereby amended in its entirety to read as follows:
(a) Name of Issuer: David White, Inc., formerly known as Realist,
Inc.
(b) Address of Issuer's Principal Executive Offices:
11711 River Lane
Germantown, Wisconsin 53022
(c) Title of Class of Equity Securities:
Common Stock, $3 Par Value
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended in its entirety to read as follows:
(a) Name of person filing: Marshall A. Loewi
(b) Business Address: Milwaukee Resistor Corporation
P.O. Box 24200
Milwaukee, WI 53224-0200
(c) Principal Occupation and Name, Address and
Principal Business of Employer:
President of Milwaukee Resistor Corporation ("MRC").
MRC is engaged in the manufacture of power
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Page 4 of 6 Pages
resistors and specialized resistance products.
MRC's address is listed above under Item 2(b).
(d) No.
(e) No.
(f) Citizenship: United States of America
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended in its entirety to read as follows:
The August 13, 1986 purchase described in this statement was financed
through the personal working capital of Mr. Marshall A. Loewi. No funds were
involved with respect to the June 6, 1995 percentage increase in Mr. Loewi's
ownership in the Company, as the increase was solely the result of the Issuer's
redemption of 70,500 shares of its Common Stock.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended in its entirety to read as follows:
The shares of common stock, $3.00 par value ("Common Stock") of
Realist, Inc., a Delaware corporation ("Realist"), purchased in the August 13,
1986 transaction described in Item 5 herein were acquired by Mr. Loewi for
personal investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended in its entirety to read as follows:
(a) As of the date hereof Marshall A. Loewi beneficially owns 56,445
shares of Common Stock, constituting 12.3% of the 457,323 outstanding shares of
Common Stock of the Company. Mr. Loewi has sole investment and voting power
over 17,838 shares of such class and shared voting and investment power over
38,607 of such shares.
Effective as of August 13, 1986, Mr. Loewi purchased for cash 15,279
shares of Common Stock at $7.25 per share from the Mason Street Corporation
pursuant to the liquidation of such corporation. Immediately prior to its
liquidation, Mason Street Corporation's common stock was 75% beneficially owned
by Mr. Loewi. Such 15,279
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Page 5 of 6 Pages
shares of Common Stock were previously beneficially owned by Mr. Loewi under
Rule 13d-3 and were reported as such on Mr. Loewi's Schedule 13D filed with the
Securities and Exchange Commission on May 1, 1985. Therefore, this transaction
only effects a change in the nature of Mr. Loewi's beneficial ownership of
such shares from indirect to direct and does not reflect any change in the
amount of such shares of Common Stock or an increase in the percentage of the
class of Common Stock beneficially owned by Mr. Loewi.
(b) Mr. Loewi continues to share voting and investment power over
38,607 shares of Common Stock with the Beatrice M. Loewi Marital Trust, which
Trust has the right to receive the dividends and proceeds from the sale of such
shares. Mr. Loewi alone has the right to receive and power to direct the
receipt of dividends from, and the proceeds from the sale of, the Common Stock
over which he has sole voting and investment power.
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Page 6 of 6 Pages
(c) Not Applicable.
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended in its entirety to read as follows:
Marshall A. Loewi is not a party to any contract, arrangement,
understanding or relationship (legal or otherwise) between any other person
with respect to any securities of David White, Inc., including but not limited
to transfer or voting of any of the securities, finder's fees, joint ventures,
loan or option arrangements, put or calls, guarantees of profits, division of
profits or loss or the giving or withholding of proxies.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
July 24, 1995
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Date
/s/ Marshall A. Loewi
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Marshall A. Loewi
