<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Little Switzerland, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
537528-10-1
---------------------------------------------------------
(CUSIP Number)
Kenneth S. Hackel Joel M. Handel, Esq.
11 Marcotte Lane Baer Marks & Upham LLP
Tenafly, New Jersey 07670 805 Third Avenue
(201) 546-5535 New York, New York 10176
(212) 702-5728
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 13, 1997
---------------------------------------------------------
(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 / /.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
CUSIP No. 537528-10-1 Page 2 of 4 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
KENNETH S. HACKEL
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS Personal Funds (See Items 3 and 5 below.)
- --------------------------------------------------------------------------------
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. SOLE VOTING POWER 431,000
NUMBER OF
SHARES ------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER ------
OWNED BY
EACH ------------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER 431,000
PERSON WITH
------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER ------
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 431,000
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 537528-10-1 Page 3 of 4 Pages
ITEM 1. SECURITY AND ISSUER
This Statement on Schedule 13D (the "Statement") relates to shares of
common stock, $0.01 par value (the "Common Stock"), of Little Switzerland, Inc.,
a Delaware corporation (the "Company"). The address of the principal executive
offices of the Company is 161-B Crown Bay Cruise Ship Port, ST. Thomas, Virgin
Islands 00802.
ITEM 2. IDENTITY AND BACKGROUND
(a) This Statement is filed by Kenneth S. Hackel sometimes referred
to herein as the "Reporting Person." By his signature on this
Statement, the Reporting Person agrees that this Statement is
filed on behalf him.
The Reporting Person is filing this Statement pursuant to Rule
13d-1(f)(1) under the Act on his own behalf and not on behalf of
any other party. Information with respect to the Reporting
Person is given solely by such Reporting Person, and the
Reporting Person has no responsibility for the accuracy or
completeness with respect to any other party.
(b) The residence and business address of Mr. Hackel is 11 Marcotte
Lane, Tenafly, New Jersey 07670.
(c) The present principal occupation or employment of the Reporting
Person is as follows: Mr. Hackel is a personal investor.
(d) The Reporting Person has not within the last five years been
convicted in a criminal proceeding.
(e) During the last five years, the Reporting Person was not a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding he was or
is 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.
(f) The Reporting Person is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and amount of funds used in making the acquisition of the
Common Stock of the Company is described in Items 5(a) and 5(c) hereof.
ITEM 4. PURPOSE OF TRANSACTION
The Common Stock of the Company was acquired for personal investment.
The Reporting Persons does not have any plans or proposals which relate to or
would result in:
(a) The acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of
its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Company
or any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Company;
(f) Any other material change in the Company's business or corporate
structure;
(g) Changes in the Company's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person;
<PAGE>
CUSIP No. 537528-10-1 Page 4 of 4 Pages
(h) Causing a class of securities of the Company to be delisted from
a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association;
(i) A class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Act; or
(j) Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Prior to October 13, 1997, the Reporting Person owned an
aggregate of 409,500 shares of Common Stock. On October 13,
1997, the Reporting Person acquired 21,500 shares of Common
Stock, bringing his aggregate number of shares to 431,000 shares
of Common Stock of the Company. Based upon there being 8,462,359
shares of Common Stock outstanding, the shares of Common Stock
owned by Mr. Hackel beneficially and of record, represents
approximately 5.1% of Common Stock of the Company.
(b) Mr. Hackel has the sole power to vote and the sole power to
dispose of the shares of Common Stock held by him.
(c) Mr. Hackel acquired the following shares of Common Stock within
the past 60 days:
Aggregate
# of Shares Transaction Date Price per Share Purchase Price
----------- ---------------- --------------- --------------
3,000 October 2, 1997 $5.875 $17,625
21,500 October 13, 1997 $6.25 $134,375
(d) No other person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of,
such securities.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between the Reporting Persons and any other person with
respect to any securities of the Company.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
October 20, 1997 /s/ Kenneth S. Hackel
- -------------------- ----------------------------------------
Date Kenneth S. Hackel
