<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
BRIO INDUSTRIES, INC.
-----------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
-----------------------------------------------------------------
(Title of Class of Securities)
10970E104
----------------------
(CUSIP Number)
Copy to:
Mr. Michael Salzhauer Jeffrey E. LaGueux, Esq.
Benjamin Partners, Inc. Patterson, Belknap, Webb & Tyler LLP
589 Broadway 1133 Avenue of the Americas
New York, New York 10012 New York, New York 10036
Telephone (212) 334-8700 Telephone (212) 336-2000
-----------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
March 30, 1998
-----------------------------------------------------------------
(Date of Event which Requires Filing 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
space __.
*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).
(Continued on following page(s))
<PAGE> 2
CUSIP
No. 10970E104 13D
=================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
BENJAMIN PARTNERS, INC.
- - -----------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions) (a)/ /
(b)/ /
- - ----------------------------------------------------------------
3 SEC Use Only
- - ----------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - -----------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 2,500 shares 0.1%
- - --------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0.0%
Each
- - --------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 2,500 shares 0.1%
With
- - --------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0.0%
- - -----------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
2,500 shares
- - -----------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares / /
- - -----------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.1%
- - -----------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
=================================================================
<PAGE> 3
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
BENJAMIN PARTNERS
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 148,700 shares 2.3%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0.0%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 148,700 shares 2.3%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0.0%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
148,700 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 2.3%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
<PAGE> 4
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
BHC COMPANY
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 9,000 shares 0.1%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0.0%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 9,000 shares 0.1%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0.0%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
9,000 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
<PAGE> 5
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CHH REALTY DEFINED BENEFIT PENSION PLAN
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 3,500 shares 0.1%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0.0%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 3,500 shares 0.1%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0.0%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
3,500 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
OO
================================================================================
<PAGE> 6
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
COMBINED PARTNERSHIP #1
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 80,000 shares 1.2%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0.0%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 80,000 shares 1.2%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0.0%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
80,000 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 1.2%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
PN
================================================================================
<PAGE> 7
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
MICHAEL C. SALZHAUER LTD. DEFINED BENEFIT PLAN
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 1,950 shares 0.0%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 shares 0.0%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 1,950 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 shares 0.0%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
1,950 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.0%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
OO
================================================================================
<PAGE> 8
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
STEVEN ROTH
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 60,000 shares 0.9%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 24,800 shares 0.4%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 60,000 shares 0.9%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
24,800 shares 0.4%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
60,000 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.9%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 9
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMANDA SALZHAUER
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 800 shares 0.0%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 192,690 shares 3.0%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 800 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
192,690 shares 3.0%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
24,800 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.4%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 10
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
MICHAEL C. SALZHAUER
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 19,990 shares 3.1%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 182,710 shares 2.8%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 12,000 shares 0.2%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
190,700 shares 2.9%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
202,700 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 3.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 11
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CHARLES SALZHAUER
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 shares 0.0%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 255,560 shares 3.9%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
255,560 shares 3.9%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
251,300 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 3.9%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 12
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
HENRY SALZHAUER
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 7,600 shares 0.1%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 297,700 shares 4.6%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
305,300 shares 4.7%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
269,300 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 4.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 13
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CYNTHIA SALZHAUER
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 shares 0.0%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 255,560 shares 3.9%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
255,560 shares 3.9%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
3,260 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 14
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUSAN SALZHAUER
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 shares 0.0%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 305,300 shares 4.7%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
305,300 shares 4.7%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
3,350 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 15
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
STUART J. ANGOWITZ
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 shares 0.0%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 3,500 shares 0.1%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
3,500 shares 0.1%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
3,500 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 16
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ANNE S. ANGOWITZ
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) 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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 shares 0.0%
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 3,500 shares 0.1%
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 shares 0.0%
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
3,500 shares 0.1%
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
3,500 shares
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |_|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.1%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 17
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ELISABETH S. AXEL
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) N/A
- - --------------------------------------------------------------------------------
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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 -- **SEE ITEM 5
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 -- **SEE ITEM 5
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.0%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 18
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMY L. SALZHAUER
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) N/A
- - --------------------------------------------------------------------------------
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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 -- **SEE ITEM 5
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 -- **SEE ITEM 5
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.0%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 19
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
HELEN S. WEINSTEIN
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) N/A
- - --------------------------------------------------------------------------------
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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 -- **SEE ITEM 5
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 -- **SEE ITEM 5
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.0%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 20
CUSIP
No. 10970E104 13D
================================================================================
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LINDA S. SWENBERG
- - --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)|_|
(b)|_|
- - --------------------------------------------------------------------------------
3 SEC Use Only
- - --------------------------------------------------------------------------------
4 Source of Funds (See Instructions) N/A
- - --------------------------------------------------------------------------------
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
- - --------------------------------------------------------------------------------
Number of 7 Sole Voting Power
Shares 0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 0 -- **SEE ITEM 5
Each
- - --------------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0 -- **SEE ITEM 5
With
- - --------------------------------------------------------------------------------
10 Shared Dispositive Power
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each
Reporting Person
0 -- **SEE ITEM 5
- - --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in
Row (11) excludes Certain Shares |x|
- - --------------------------------------------------------------------------------
13 Percent of Class Represented
by Amount in Row (11) 0.0%
- - --------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
================================================================================
<PAGE> 21
This Statement on Schedule 13D constitutes the initial filing of a
Statement on Schedule 13D filed with the Securities and Exchange Commission (the
"Commission") on behalf of the alleged "group" identified on Page 2 above.
Item 1. Security and Issuer.
The class of equity securities to which this statement relates is the
Common Stock, without par value (the "Common Stock"), of Brio Industries, Inc.,
a bottler and beverage distribution business (the "Company"). The address of the
principal executive offices of the Company is 15050 54A Avenue, Surrey, B.C. J55
8E7.
Item 2. Identity and Background.
(a) This Statement is filed on behalf of the persons listed on Exhibit
A hereto (the "Filing Persons"), which exhibit is incorporated into this
Statement by reference. The filing of this Statement on Schedule 13D by the
Filing Persons does not constitute an admission that the Filing Persons are a
group, and each Filing Person expressly disclaims the existence of a group.
(b) The residence or business address of each Filing Person who is a
natural person is set forth opposite his or her name on Exhibit A hereto.
(c) The principal occupations or employment of the Filing Persons
who are natural persons are set forth in Exhibit A and in the following
paragraphs. For the Filing Persons that are not natural persons, the place of
organization, the principal business and the addresses of the principal
businesses and principal offices are set forth in the following paragraphs.
CHH Realty Defined Benefit Pension Plan is a New York trust
with principal offices at 589 Broadway, New York, NY 10012. The trust
administers a plan for the benefit of employees of CHH Realty. The trustees of
the trust are Charles Salzhauer and Henry Salzhauer.
By virtue of their position as the trustees of the CHH Realty
Defined Benefit Pension Plan, Charles Salzhauer and Henry Salzhauer may be
deemed controlling persons of such entity.
Benjamin Partners, Inc. is a New York corporation with
principal offices at 589 Broadway, New York, NY 10012. It is primarily engaged
in the business of real estate and investment. The executive officers and
directors of Benjamin Partners, Inc. and their business addresses are: Charles
Salzhauer, President, Treasurer and Director, 589 Broadway, New York, NY 10012;
Henry Salzhauer, Vice President, Secretary and Director, 589 Broadway,
<PAGE> 22
New York, NY 10012; Susan Salzhauer, Director, 589 Broadway, New York, NY 10012;
and Cynthia Salzhauer, 589 Broadway, New York, NY 10012.
Benjamin Partners is a partnership with principal offices at
Hilldale Lane, Sands Point, New York, 11050. The partners of this partnership
are Charles, Henry, and Michael Salzhauer, each of whom may be deemed a
controlling person of the entity.
BHC Company is a New York general partnership with its
principal office at 589 Broadway, New York, NY 10012. The general partners of
BHC Company are six New York Trusts established for the benefit of Amy
Salzhauer, Elisabeth Salzhauer Axel, Michael Salzhauer, Helen Salzhauer
Weinstein, Linda Salzhauer Swenberg and Anne Salzhauer Angowitz, respectively.
Each trust has a principal office at 589 Broadway, New York, NY 10012. Henry
Salzhauer and Charles Salzhauer are trustees of each trust.
By virtue of their positions as trustees of the trusts, Henry
Salzhauer and Charles Salzhauer may be deemed controlling persons of such
trusts.
Combined Partnership #1 is a New York limited partnership with
its principal office at 589 Broadway, New York, NY 10012. It is primarily
engaged in the business of investments. The general partners of Combined
Partnership #1 are Henry Salzhauer and Charles Salzhauer, who, by virtue of
their positions as general partners therein, may be deemed controlling persons
thereof.
The Michael C. Salzhauer Ltd. Defined Benefit Plan (the "Ltd.
Plan") is a New York trust with principal offices at 589 Broadway, New York, NY
10012. The trust administers a plan for the benefit of employees of Michael C.
Salzhauer Ltd. Michael Salzhauer is the trustee of the plan and, by virtue of
such position, may be deemed a controlling person of such plan.
(d)-(e) None of the Filing Persons has, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which he, she or it
was or is subject to a judgment, decree or final order (i) enjoining future
violations of federal or state securities laws, (ii) prohibiting or mandating
any activities subject to such laws, or (iii) finding any violation with respect
to such laws.
(f) Each Filing Person who is a natural person is a citizen
of the United States.
<PAGE> 23
Item 3. Source and Amount of Funds or Other Consideration.
As of March 30, 1998, the Filing Persons beneficially owned an
aggregate of 365,300 shares of Common Stock. The aggregate purchase price for
such shares was $875,845.93 (including brokerage commissions). The purchase
prices for shares of Common Stock paid by certain Filing Persons (the
"Purchasers") are set forth opposite the Purchasers' names in Exhibit A hereto.
The sources of the funds for the purchases of such shares were personal funds
and working capital.
Item 4. Purpose of Transaction.
The 365,300 shares of Common Stock of the Company covered by this
Statement were acquired by the Purchasers for the purpose of investment in the
ordinary course of business and not with the purpose or effect of changing or
influencing control of the Company. Except as otherwise set forth herein, none
of the Filing Persons have any present plans or proposals which relate to or
which would result in:
(i) the acquisition by any person of additional
securities of the Company or the disposition of
securities of the Company;
(ii) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving
the Company or any of its subsidiaries;
(iii) a sale or transfer of a material amount of assets
of the Company or any of its subsidiaries;
(iv) 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 of the
Company;
(v) any material change in the present capitalization
or dividend policy of the Company;
(vi) any other material change in the Company's
business or corporate structure;
(vii) changes in the Certificate of Incorporation or
Bylaws of the Company or other actions which may
impede the acquisition of control of the Company
by any person;
(viii) 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;
(ix) a class of equity securities of the Company
becoming eligible for termination of registration
<PAGE> 24
pursuant to Section 12(g)(4) of the Securities
Exchange Act, as amended; or
(x) any action similar to any of those enumerated
above.
Item 5. Interest in Securities of the Issuer.
(a)-(b)(1) Steven Roth beneficially owns 60,000 shares of the Common Stock,
representing approximately 0.9% of the outstanding common stock of the Company.
Such shares do not include any shares directly or indirectly owned by his
daughter, Amanda Salzhauer, as to which shares he disclaims beneficial
ownership. Steven Roth has sole power to vote and dispose of 60,000 shares of
the Common Stock. By virtue of his being the father of Amanda Salzhauer, he may
be deemed to have shared power to vote and dispose of 24,800 shares of the
Common Stock (including 800 shares owned by his daughter, Amanda Salzhauer, and
24,000 shares owned jointly by her and her husband, Michael Salzhauer).
(2) Combined Partnership #1 beneficially owns 80,000 shares of the
Common Stock, representing approximately 1.2% of the outstanding common stock of
the Company. It has sole power to vote and dispose of 80,000 shares of the
Common Stock and does not have shared power to vote or dispose of any shares of
the Common Stock.
(3) Amanda Salzhauer beneficially owns 24,800 shares of the Common
Stock (including 800 shares owned directly and 24,000 shares owned jointly with
her husband, Michael Salzhauer), representing approximately 0.4% of the
outstanding common stock of the Company. The 24,000 shares of the Common Stock
reported as beneficially owned by Amanda Salzhauer in this Statement do not
include any shares directly or indirectly owned by her husband Michael
Salzhauer, as to which shares she disclaims beneficial ownership. Amanda
Salzhauer has sole power to vote and dispose of 800 shares of the Common Stock.
By virtue of her being the wife of Michael Salzhauer, she may be deemed to have
shared power to vote and dispose of 192,690 shares of the Common Stock
(including 24,000 shares owned jointly with her husband, Michael Salzhauer, and
shares as to which she disclaims beneficial ownership, which include 18,040
shares owned directly by her husband, Michael Salzhauer, 1,950 shares owned
directly by the Ltd. Plan, and 148,700 shares owned directly by Benjamin
Partners).
(4) Michael Salzhauer beneficially owns 202,700 shares of the Common
Stock (including 18,040 shares owned directly, 24,000 shares owned jointly with
his wife, Amanda Salzhauer, 1,950 shares owned by the Ltd. Plan, 148,700 shares
owned by Benjamin Partners, and 10,010 shares in IRA accounts of Charles,
Amanda, Cynthia and Susan Salzhauer as to which Michael Salzhauer shares
dispositive power), representing approximately 3.1% of the outstanding common
stock of the Company. Michael Salzhauer has
<PAGE> 25
sole power to vote 19,990 shares of the Common Stock and sole power to dispose
of 12,000 shares of the Common Stock. He has shared power to vote 182,710 shares
of the Common Stock (including 24,000 shares owned jointly with his wife, Amanda
Salzhauer, 148,700 shares owned by Benjamin Partners, and 10,010 shares in IRA
accounts of Charles, Amanda, Cynthia and Susan Salzhauer as to which Michael
Salzhauer shares dispositive power) and shared power to dispose of 190,700
shares of the Common Stock (reflecting the power of his father, Henry Salzhauer,
to dispose of 6,040 shares of the Common Stock in an IRA account directly owned
by Michael Salzhauer and 1,950 shares of the Common Stock owned by the Ltd.
Plan).
(5) Benjamin Partners, Inc. beneficially owns 2,500 shares of
the Common Stock, representing less than 0.1% of the outstanding common stock of
the Company. It has sole power to vote and dispose of 2,500 shares of the Common
Stock and does not have shared power to vote or dispose of any shares of the
Common Stock.
(6) Benjamin Partners beneficially owns 148,700 shares of the
Common Stock, representing approximately 2.3% of the outstanding common stock of
the Company. It has sole power to vote and dispose of 148,700 shares of the
Common Stock and does not have shared power to vote or dispose of any shares of
the Common Stock.
(7) BHC Company beneficially owns 9,000 shares of the Common
Stock, representing approximately 0.1% of the outstanding common stock of the
Company. It has sole power to vote and dispose of 9,000 shares of the Common
Stock and does not have shared power to vote or dispose of any shares of the
Common Stock.
(8) Charles Salzhauer beneficially owns 251,300 shares of the
Common Stock (including 7,600 shares owned directly, 3,500 shares owned by CHH
Realty Defined Benefit Pension Plan, 2,500 shares owned by Benjamin Partners,
Inc., 148,700 shares owned by Benjamin Partners, 9,000 shares owned by BHC
Company and 80,000 shares owned by Combined Partnership #1), representing
approximately 3.9% of the outstanding common stock of the Company. The 251,300
shares of the Common Stock reported as beneficially owned by Charles Salzhauer
in this Statement do not include any shares directly or indirectly owned by his
wife, Cynthia Salzhauer, or his daughter, Anne S. Angowitz, as to which shares
he disclaims beneficial ownership. Charles Salzhauer does not have sole power to
vote or dispose of any shares of the Common Stock. By virtue of his being the
husband of Cynthia Salzhauer and the father of Anne S. Angowitz, he may be
deemed to have shared power to vote and dispose of 255,560 shares of the Common
Stock (including 7,600 shares owned by him directly, 3,500 shares owned by CHH
Realty Defined Benefit Pension Plan, 2,500 shares owned by Benjamin Partners,
Inc., 148,700 shares owned by Benjamin Partners, 9,000 shares owned by BHC
Company, 80,000 shares owned by Combined Partnership #1 and shares as to which
Charles Salzhauer disclaims beneficial ownership, which include
<PAGE> 26
the 760 shares owned by Cynthia Salzhauer and the 3,500 shares owned jointly by
Anne S. Angowitz and her husband, Stuart J.
Angowitz).
(9) CHH Realty Defined Benefit Pension Plan beneficially owns
3,500 shares of the Common Stock, representing less than 0.1% of the outstanding
common stock of the Company. It has sole power to vote and dispose of 3,500
shares of the Common Stock and does not have shared power to vote or dispose of
any shares of the Common Stock.
(10) The Michael C. Salzhauer Ltd. Defined Benefit Plan
beneficially owns 1,950 shares of the Common Stock, representing less than 0.1%
of the outstanding common stock of the Company. It has sole power to vote and
dispose of 1,950 shares of the Common Stock and does not have shared power to
vote or dispose of any shares of the Common Stock.
(11) Henry Salzhauer beneficially owns 269,300 shares of the
Common Stock (including 7,600 shares owned directly, 3,500 shares owned by CHH
Realty Defined Benefit Pension Plan, 2,500 shares owned by Benjamin Partners,
Inc., 148,700 shares owned by Benjamin Partners, 9,000 shares owned by BHC
Company, 80,000 shares owned by Combined Partnership #1 and 18,000 shares in
retirement accounts of Charles, Amanda, Cynthia, Michael and Susan Salzhauer and
the Ltd. Plan as to which Henry Salzhauer shares dispositive power),
representing approximately 4.1% of the outstanding common stock of the Company.
The 269,300 shares of the Common Stock reported as beneficially owned by Henry
Salzhauer in this Statement do not include any shares directly or indirectly
owned by his wife, Susan Salzhauer (other than her retirement account shares),
or his son, Michael Salzhauer (other than his retirement account shares), as to
which shares he disclaims beneficial ownership. Henry Salzhauer has sole power
to vote 7,600 shares and does not have sole power to dispose of any shares of
the Common Stock. By virtue of his being the father of Michael Salzhauer, he may
be deemed to have shared power to vote 297,700 shares of the Common Stock
(including 3,500 shares owned by CHH Realty Defined Benefit Pension Plan, 2,500
shares owned by Benjamin Partners, Inc., 148,700 shares owned by Benjamin
Partners, 9,000 shares owned by BHC Company, 80,000 shares owned by Combined
Partnership #1, 18,000 shares in IRA accounts of Charles, Amanda, Cynthia,
Michael and Susan Salzhauer as to which Henry Salzhauer shares dispositive
power and shares as to which Henry Salzhauer disclaims beneficial ownership,
which include 12,000 shares owned directly by Michael Salzhauer and 24,000
shares owned jointly by Michael Salzhauer and his wife, Amanda Salzhauer)
and shared power to dispose of 305,300 shares of the Common Stock
(reflecting the power of his son, Michael Salzhauer, to dispose of 7,600 shares
of the Common Stock in an IRA account directly owned by Henry Salzhauer).
(12) Cynthia Salzhauer is the beneficial owner of 3,260 shares
of the Common Stock (including 760 shares owned directly and 2,500 shares owned
by Benjamin Partners, Inc.), representing
<PAGE> 27
less than 0.1% of the outstanding common stock of the Company. The 3,260 shares
of the Common Stock reported as beneficially owned by Cynthia Salzhauer in this
Statement do not include any shares directly or indirectly owned by her husband,
Charles Salzhauer, or her daughter, Anne S. Angowitz, as to which shares she
disclaims beneficial ownership. Cynthia Salzhauer does not have sole power to
vote or dispose of any shares of the Common Stock. By virtue of her being the
wife of Charles Salzhauer and the mother of Anne S. Angowitz, she may be deemed
to have shared power to vote and dispose of 255,560 shares of the Common Stock
(including 760 shares owned by her directly and shares as to which Cynthia
Salzhauer disclaims beneficial ownership, which include 7,600 shares owned
directly by Charles Salzhauer, 3,500 shares owned jointly by Anne S. Angowitz
and her husband, Stuart J. Angowitz, 3,500 shares owned by CHH Realty Defined
Benefit Pension Plan, 2,500 shares owned by Benjamin Partners, Inc., 148,700
shares owned by Benjamin Partners, 9,000 shares owned by BHC Company, 80,000
shares owned by Combined Partnership #1).
(13) Susan Salzhauer beneficially owns 3,350 shares of the
Common Stock (including 850 shares owned directly and 2,500 shares owned by
Benjamin Partners, Inc.), representing less than 0.1% of the outstanding common
stock of the Company. The 3,350 shares of the Common Stock reported as
beneficially owned by Susan Salzhauer in this Statement do not include any
shares directly or indirectly owned by her husband, Henry Salzhauer, or her son,
Michael Salzhauer, as to which shares she disclaims beneficial ownership. Susan
Salzhauer does not have sole power to vote or dispose of any shares of the
Common Stock. By virtue of her being the wife of Henry Salzhauer and the mother
of Michael Salzhauer, she may be deemed to have shared power to vote and dispose
of 305,300 shares of the Common Stock (including 850 shares owned by her
directly and shares as to which Susan Salzhauer disclaims beneficial ownership,
which include 7,600 shares owned directly by Henry Salzhauer, 3,500 shares owned
by CHH Realty Defined Benefit Pension Plan, 2,500 shares owned by Benjamin
Partners, Inc., 148,700 shares owned by Benjamin Partners, 9,000 shares owned by
BHC Company, 80,000 shares owned by Combined Partnership #1, 9,160 shares in IRA
accounts of Charles, Amanda and Cynthia Salzhauer as to which Henry Salzhauer
shares dispositive power, 18,040 shares owned directly by her son, Michael
Salzhauer, 24,000 shares owned jointly by him and his wife, Amanda Salzhauer and
1,950 shares owned by the Ltd.
Plan).
(14) Stuart J. Angowitz beneficially owns 3,500 shares of the
Common Stock (owned jointly with his wife, Anne S. Angowitz), representing
approximately 0.1% of the outstanding common stock of the Company. He does not
have sole voting or dispositive power as to any shares of the Common Stock and
has shared power to vote and dispose of 3,500 shares of the Common Stock (shared
with his wife, Anne S. Angowitz).
(15) Anne S. Angowitz beneficially owns 3,500 shares of the
Common Stock (owned jointly with her husband, Stuart J.
<PAGE> 28
Angowitz), representing approximately 0.1% of the outstanding common stock of
the Company. She does not have sole voting or dispositive power as to any shares
of the Common Stock and has shared power to vote and dispose of 3,500 shares of
the Common Stock (shared with her husband, Stuart J. Angowitz).
(16) Elisabeth Axel, Amy Salzhauer, Helen Weinstein and Linda
Swenberg beneficially own no shares of the Common Stock. The amount of the
Common Stock reported as beneficially owned by them in this Statement does not
include any shares directly or indirectly owned by their siblings, parents,
aunts or uncles (see description of family relationships in Exhibit A), as to
which shares they each disclaim beneficial ownership.
(c) The transactions in shares of the common stock of the Company
effected by the Filing Persons during the past sixty (60) days were open market
transactions and were as set forth in the table below:
<TABLE>
<CAPTION>
Average
No. of Cost Per
Name of Filing Person Date Shares Share
- - --------------------- ---- ------ --------
<S> <C> <C> <C>
Steven Roth 3/30/98 30,000 2.7500
3/30/98 10,000 2.8125
Combined Partnership #1 3/9/98 10,000 2.4375
3/10/98 13,000 2.3750
Amanda and
Michael Salzhauer 3/9/98 10,000 2.4375
Benjamin Partners 3/9/98 13,390 2.7362
3/10/98 24,810 2.3750
BHC Company 3/9/98 5,000 2.4375
Michael C.
Salzhauer Ltd.
Defined Benefit Plan 3/10/98 1,650 2.3750
Michael C. Salzhauer 3/10/98 540 2.3742
Cynthia Salzhauer 3/9/98 760 2.4375
Susan Salzhauer 3/9/98 850 2.4375
Anne S. Angowitz and
Stuart J. Angowitz 3/30/98 3,500 2.7500
</TABLE>
(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 the shares of Common
Stock covered by this Statement.
<PAGE> 29
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
Other than the Purchasers' informal understanding to generally
act together in their holding of the shares covered by this Statement, the
Filing Persons do not have any contracts, arrangements, understandings or
relationships with respect to securities of the Company.
Item 7. Material to be Filed as Exhibits
Exhibit A: List of Filing Persons and Information
Required by Item 2 of Schedule 13D.
Exhibit B: Joint Filing Agreement dated April 8,
1998 by and among the Filing Persons named
therein.
Exhibit C: Powers of Attorney evidencing authority
of representatives of certain Filing Persons
to sign this statement on such Filing
Persons' behalf.
<PAGE> 30
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.
Dated: April 8, 1998
/s/ Steven Roth
_________________________________
Steven Roth
<PAGE> 31
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.
/s/ Henry Salzhauer
Dated: April 8, 1998 _________________________________
Henry Salzhauer
COMBINED PARTNERSHIP #1 CHH REALTY DEFINED BENEFIT
PENSION PLAN
/s/ Henry Salzhauer /s/ Henry Salzhauer
By:_________________________________ By:______________________________
Name: Henry Salzhauer Name: Henry Salzhauer
Title: General Partner Title: Trustee
BENJAMIN PARTNERS, INC. BENJAMIN PARTNERS
/s/ Henry Salzhauer /s/ Henry Salzhauer
By:_________________________________ By:______________________________
Name: Henry Salzhauer Name: Henry Salzhauer
Title: Vice President, Title: General Partner
Secretary and
Director
*
_________________________________
Amy Salzhauer
BHC COMPANY
By its General Partner
*
AMENDED AND RESTATED TRUST _________________________________
AGREEMENT F/B/O MICHAEL Anne Angowitz
SALZHAUER DATED 9/10/96
/s/ Henry Salzhauer
By: _______________________ *
Name: Henry Salzhauer _________________________________
Title: Trustee Helen Weinstein
* *
____________________________________ _________________________________
Elisabeth Axel Charles Salzhauer
* *
____________________________________ _________________________________
Cynthia Salzhauer Linda Swenberg
*
____________________________________
Susan Salzhauer
/s/ Henry Salzhauer
*By:________________________________
Henry Salzhauer,
Attorney-in-Fact
<PAGE> 32
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.
Dated: April 8, 1998
/s/ Michael C. Salzhauer
____________________________________
Michael C. Salzhauer
MICHAEL C. SALZHAUER LTD.
DEFINED BENEFIT PLAN
/s/ Michael C. Salzhauer
By:_________________________________
Name: Michael C. Salzhauer
Title: Trustee
STUART J. ANGOWITZ
/s/ Michael C. Salzhauer
By:_________________________________
Name: Michael C. Salzhauer,
Attorney-in-Fact
<PAGE> 33
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.
Dated: April 8, 1998
/s/ Amanda Salzhauer
______________________________
Amanda Salzhauer
<PAGE> 34
EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequentially
Exhibit Description Numbered Page
- - ------- ----------- -------------
<S> <C> <C>
A List of Filing Persons and Information Required by Item 2 of
Schedule 13D.
B Joint Filing Agreement dated April 8, 1998 by and among the
Filing Persons named therein.
C Powers of Attorney evidencing authority of representatives of
certain Filing Persons to sign this statement on such Filing
Persons' behalf.
</TABLE>
<PAGE> 1
Exhibit A
Residence or Principal Number Purchase
Name Business Address Occupation of Shares Price
- - ---- ---------------- ---------- --------- --------
Steven Roth Park 80 West, Plaza 2 Executive 60,000 $159,687.50
Saddlebrook, NJ 07663
Charles 589 Broadway Executive 7,600 $ 18,762.50
Salzhauer New York, NY 10012
Cynthia 589 Broadway Housewife 760 $ 1,852.50
Salzhauer New York, NY 10012
Amy L. Hilldale Lane Student -- --
Salzhauer Sands Point, NY
Anne Angowitz 361 Quaker Road Executive 3,500* $ 9,625.00
Chappaqua, NY 10514
Stuart J. 361 Quaker Road Attorney 3,500* $ 9,625.00
Angowitz Chappaqua, NY 10514
Helen 8 Vanad Drive Housewife -- --
Weinstein Roslyn, NY 11576
Elisabeth Axel 285 Riverside Drive Teacher -- --
New York, NY 10025
Linda Swenberg 16443 Shady View Lane Housewife -- --
Los Gatos, CA 95032
Michael 50 East 79th Street Executive 42,040++ $ 94,328.92
Salzhauer New York, NY 10021
Amanda 50 East 79th Street Student 24,800++ $ 56,725.00
Salzhauer New York, NY 10021
Henry Hilldale Lane Executive 7,600 $ 18,762.50
Salzhauer Sands Point, NY 11050
Susan Hilldale Lane Housewife 850 $ 2,071.88
Salzhauer Sands Point, NY 11050
Residence or Principal Number Purchase
Name Business Address Occupation of Shares Price
- - ---- ---------------- ---------- --------- --------
Benjamin See Item 2 -- 2,500 $ 6,093.75
Partners Inc.
Benjamin See Item 2 -- 148,700 $356,546.25
Partners
BHC Company See Item 2 -- 9,000 $ 22,062.50
CHH Realty See Item 2 -- 3,500 $ 6,946.38
Defined Benefit
Pension Plan
Combined See Item 2 -- 80,000 $181,937.50
Partnership #1
Michael C. See Item 2 -- 1,950 $ 4,818.75
Salzhauer Ltd.
Defined Benefit
Plan
Henry and Charles Salzhauer are brothers. Henry Salzhauer and Susan
Salzhauer are husband and wife. Amy Salzhauer, Elisabeth Axel and Michael
Salzhauer are their children. Amanda Salzhauer is the wife of Michael Salzhauer
and the daughter of Steven Roth. Charles and Cynthia Salzhauer are husband and
wife. Anne Angowitz, Helen Weinstein, and Linda Swenberg are their children.
Stuart Angowitz is the husband of Anne Angowitz.
* Anne Angowitz and Stuart Angowitz purchased 3,500 shares jointly.
++ Includes 24,000 shares that Michael Salzhauer and Amanda Salzhauer purchased
jointly for a purchase price of $54,750.00.
<PAGE> 1
EXHIBIT B
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the
Securities Exchange Act of 1934, as amended, the persons named below agree to
the joint filing on behalf of each of them of a Statement on Schedule 13D
(including any amendments thereto) with respect to the Common Stock, without par
value, of Brio Industries, Inc. and further agree that this Joint Filing
Agreement be included as an Exhibit to such joint filing. Each party to this
Joint Filing Agreement expressly appoints Henry Salzhauer and Michael Salzhauer,
and each of them, his, her or its respective agent and attorney-in-fact, with
full power of substitution, to prepare, execute and file or cause to be filed on
his, her or its behalf any and all amendments to such Statement. In evidence
thereof, the undersigned hereby execute this Agreement as of the 8th day of
April, 1998.
COMBINED PARTNERSHIP #1 CHH REALTY DEFINED BENEFIT
PENSION PLAN
/s/ Henry Salzhauer /s/ Henry Salzhauer
By:________________________________ By:____________________________
Name: Henry Salzhauer Name: Henry Salzhauer
Title: General Partner Title: Trustee
BENJAMIN PARTNERS, INC. BENJAMIN PARTNERS
/s/ Henry Salzhauer /s/ Henry Salzhauer
By:________________________________ By:____________________________
Name: Henry Salzhauer Name: Henry Salzhauer
Title: Vice President, Title: General Partner
Secretary and
Director
BHC COMPANY
By its General Partner
AMENDED AND RESTATED TRUST
AGREEMENT F/B/O MICHAEL
SALZHAUER DATED 9/10/96
/s/ Henry Salzhauer
By: _______________________
Name: Henry Salzhauer
Title: Trustee
(Continued)
<PAGE> 2
Joint Filing Agreement
Page 2 of 2
+ *
____________________________________ _________________________________
Stuart J. Angowitz Charles Salzhauer
* /s/ Steven Roth
____________________________________ _________________________________
Cynthia Salzhauer Steven Roth
____________________________________ MICHAEL C. SALZHAUER LTD.
Michael C. Salzhauer DEFINED BENEFIT PLAN
/s/ Michael Salzhauer
By:______________________________
Name: Michael Salzhauer
Title: Trustee
/s/ Amanda Salzhauer *
____________________________________ _________________________________
Amanda Salzhauer Susan Salzhauer
* *
____________________________________ _________________________________
Amy Salzhauer Anne Angowitz
* +
____________________________________ _________________________________
Helen Weinstein Elisabeth Axel
s/ Henry Salzhauer *
____________________________________ _________________________________
Henry Salzhauer Linda Swenberg
/s/ Henry Salzhauer
*By:______________________________________
Henry Salzhauer, Attorney-in-Fact
/s/ Michael Salzhauer
+By:______________________________________
Michael C. Salzhauer, Attorney-in-Fact
<PAGE> 1
EXHIBIT C
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS THAT the undersigned, hereby
constitutes and appoints Michael C. Salzhauer as the undersigned's true and
lawful attorney and agent, with full power of substitution and resubstitution,
to execute in the name, place and stead of the undersigned any statement or
report, including any amendment to any statement or report, required to be filed
with respect to the undersigned regarding the securities of Brio Industries,
Inc. under Section 13 of the United States Securities Exchange Act of 1934, as
amended and any rules, regulations and requirements thereunder or any statement
and report, including any amendment to any statement or report, required to be
filed with respect to the undersigned under any comparable laws, rules,
regulations and requirements of any foreign jurisdiction, and to file any of the
same with the Securities and Exchange Commission and any other appropriate U.S.
and foreign regulatory authorities, said attorney and agent having full power
and authority to do and perform in the name and on behalf of the undersigned
every act necessary to be done in the premises as fully and as effectually as
the undersigned might or could do in person; and the undersigned hereby ratifies
and confirms all that said attorney and agent shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF the undersigned has subscribed these
presents as of April 8, 1998.
/s/ Stuart J. Angowitz
----------------------------
Stuart J. Angowitz
<PAGE> 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS THAT the undersigned, hereby
constitutes and appoints Michael C. Salzhauer as the undersigned's true and
lawful attorney and agent, with full power of substitution and resubstitution,
to execute in the name, place and stead of the undersigned any statement or
report, including any amendment to any statement or report, required to be filed
with respect to the undersigned regarding the securities of Brio Industries,
Inc. under Section 13 of the United States Securities Exchange Act of 1934, as
amended and any rules, regulations and requirements thereunder or any statement
and report, including any amendment to any statement or report, required to be
filed with respect to the undersigned under any comparable laws, rules,
regulations and requirements of any foreign jurisdiction, and to file any of the
same with the Securities and Exchange Commission and any other appropriate U.S.
and foreign regulatory authorities, said attorney and agent having full power
and authority to do and perform in the name and on behalf of the undersigned
every act necessary to be done in the premises as fully and as effectually as
the undersigned might or could do in person; and the undersigned hereby ratifies
and confirms all that said attorney and agent shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF the undersigned has subscribed these presents as
of April 8, 1998.
/s/ Elisabeth Axel
------------------------------
Elisabeth Axel
<PAGE> 3
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS THAT the undersigned, hereby
constitutes and appoints Henry Salzhauer as the undersigned's true and
lawful attorney and agent, with full power of substitution and resubstitution,
to execute in the name, place and stead of the undersigned any statement or
report, including any amendment to any statement or report, required to be filed
with respect to the undersigned regarding the securities of Brio Industries,
Inc. under Section 13 of the United States Securities Exchange Act of 1934, as
amended and any rules, regulations and requirements thereunder or any statement
and report, including any amendment to any statement or report, required to be
filed with respect to the undersigned under any comparable laws, rules,
regulations and requirements of any foreign jurisdiction, and to file any of the
same with the Securities and Exchange Commission and any other appropriate U.S.
and foreign regulatory authorities, said attorney and agent having full power
and authority to do and perform in the name and on behalf of the undersigned
every act necessary to be done in the premises as fully and as effectually as
the undersigned might or could do in person; and the undersigned hereby ratifies
and confirms all that said attorney and agent shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF the undersigned has subscribed these presents as
of April 8, 1998.
/s/ Anne Angowitz
------------------------------
Anne S. Angowitz
<PAGE> 4
POWER OF ATTORNEY
KNOW EVERYONE BY THESE PRESENTS, which are intended to constitute a
general power of ATTORNEY pursuant to Article 5, Title 15 of the New York
General Obligations Law: That I, CHARLES SALZHAUER do hereby appoint Henry
Salzhauer, 589 Broadway, New York, New York 10012 or Michael Salzhauer, 589
Broadway, New York, New York 10012 my attorneys-in-fact to act in my name, place
and stead in any way which I myself could do, if I were personally present, with
respect to the following matters as each of them is defined in Title 15 of
Article 5 of the New York General Obligations Law to the extent that I am
permitted by law to act through an agent: bond, share and commodity
transactions; records, reports and statements; full and unqualified authority to
my attorney(s)-in-fact to delegate any or all of the foregoing powers to any
person or persons whom my attorney(s)-in-fact shall select. This power of
attorney shall not be affected by the subsequent disability or incompetence of
the principal.
To induce any third party to act hereunder, I hereby agree that any
third party receiving a duly executed copy or facsimile of this instrument may
act hereunder, and that renovation or termination hereof shall be ineffective as
to such third party unless and until actual notice or knowledge of such
revocation or termination shall have been received by such third party, and I
for myself and for my heirs, executors, legal representatives and assigns,
hereby agree to indemnify and hold harmless any such third party from and
against any and all claims that may arise against such third party by reason of
such third party having relied on the provisions of this instrument.
IN WITNESS WHEREOF, I have hereunto signed my name and affixed my
seal on April 27, 1996.
/s/ Charles Salzhauer
------------------------------
(Signature of Principal)
<PAGE> 5
POWER OF ATTORNEY
KNOW EVERYONE BY THESE PRESENTS, which are intended to constitute a
general power of ATTORNEY pursuant to Article 5, Title 15 of the New York
General Obligations Law: That I, CYNTHIA SALZHAUER do hereby appoint Henry
Salzhauer, 589 Broadway, New York, New York 10012 or Michael Salzhauer, 589
Broadway, New York, New York 10012 my attorneys-in-fact to act in my name, place
and stead in any way which I myself could do, if I were personally present, with
respect to the following matters as each of them is defined in Title 15 of
Article 5 of the New York General Obligations Law to the extent that I am
permitted by law to act through an agent: bond, share and commodity
transactions; records, reports and statements; full and unqualified authority to
my attorney(s)-in-fact to delegate any or all of the foregoing powers to any
person or persons whom my attorney(s)-in-fact shall select. This power of
attorney shall not be affected by the subsequent disability or incompetence of
the principal.
To induce any third party to act hereunder, I hereby agree that any
third party receiving a duly executed copy or facsimile of this instrument may
act hereunder, and that renovation or termination hereof shall be ineffective as
to such third party unless and until actual notice or knowledge of such
revocation or termination shall have been received by such third party, and I
for myself and for my heirs, executors, legal representatives and assigns,
hereby agree to indemnify and hold harmless any such third party from and
against any and all claims that may arise against such third party by reason of
such third party having relied on the provisions of this instrument.
IN WITNESS WHEREOF, I have hereunto signed my name and affixed my
seal on April 27, 1996.
/s/ Cynthia Salzhauer
------------------------------
(Signature of Principal)
<PAGE> 6
POWER OF ATTORNEY
KNOW EVERYONE BY THESE PRESENTS, which are intended to constitute a
general power of ATTORNEY pursuant to Article 5, Title 15 of the New York
General Obligations Law: That I, SUSAN SALZHAUER do hereby appoint Henry
Salzhauer, 589 Broadway, New York, New York 10012 or Michael Salzhauer, 589
Broadway, New York, New York 10012 my attorneys-in-fact to act in my name, place
and stead in any way which I myself could do, if I were personally present, with
respect to the following matters as each of them is defined in Title 15 of
Article 5 of the New York General Obligations Law to the extent that I am
permitted by law to act through an agent: bond, share and commodity
transactions; records, reports and statements; full and unqualified authority to
my attorney(s)-in-fact to delegate any or all of the foregoing powers to any
person or persons whom my attorney(s)-in-fact shall select. This power of
attorney shall not be affected by the subsequent disability or incompetence of
the principal.
To induce any third party to act hereunder, I hereby agree that any
third party receiving a duly executed copy or facsimile of this instrument may
act hereunder, and that renovation or termination hereof shall be ineffective as
to such third party unless and until actual notice or knowledge of such
revocation or termination shall have been received by such third party, and I
for myself and for my heirs, executors, legal representatives and assigns,
hereby agree to indemnify and hold harmless any such third party from and
against any and all claims that may arise against such third party by reason of
such third party having relied on the provisions of this instrument.
IN WITNESS WHEREOF, I have hereunto signed my name and affixed my
seal on March 21, 1996.
/s/ Susan Salzhauer
------------------------------
(Signature of Principal)
<PAGE> 7
POWER OF ATTORNEY
KNOW EVERYONE BY THESE PRESENTS, which are intended to constitute a
general power of ATTORNEY pursuant to Article 5, Title 15 of the New York
General Obligations Law: That I, AMY L. SALZHAUER do hereby appoint Henry
Salzhauer, 589 Broadway, New York, New York 10012 or Michael Salzhauer, 589
Broadway, New York, New York 10012 my attorneys-in-fact to act in my name, place
and stead in any way which I myself could do, if I were personally present, with
respect to the following matters as each of them is defined in Title 15 of
Article 5 of the New York General Obligations Law to the extent that I am
permitted by law to act through an agent: bond, share and commodity
transactions; records, reports and statements; full and unqualified authority to
my attorney(s)-in-fact to delegate any or all of the foregoing powers to any
person or persons whom my attorney(s)-in-fact shall select. This power of
attorney shall not be affected by the subsequent disability or incompetence of
the principal.
To induce any third party to act hereunder, I hereby agree that any
third party receiving a duly executed copy or facsimile of this instrument may
act hereunder, and that renovation or termination hereof shall be ineffective as
to such third party unless and until actual notice or knowledge of such
revocation or termination shall have been received by such third party, and I
for myself and for my heirs, executors, legal representatives and assigns,
hereby agree to indemnify and hold harmless any such third party from and
against any and all claims that may arise against such third party by reason of
such third party having relied on the provisions of this instrument.
IN WITNESS WHEREOF, I have hereunto signed my name and affixed my
seal on August 18, 1997.
/s/ Amy L. Salzhauer
------------------------------
(Signature of Principal)
<PAGE> 8
POWER OF ATTORNEY
KNOW EVERYONE BY THESE PRESENTS, which are intended to constitute a
general power of ATTORNEY pursuant to Article 5, Title 15 of the New York
General Obligations Law: That I, HELEN WEINSTEIN do hereby appoint Henry
Salzhauer, 589 Broadway, New York, New York 10012 or Michael Salzhauer, 589
Broadway, New York, New York 10012 my attorneys-in-fact to act in my name, place
and stead in any way which I myself could do, if I were personally present, with
respect to the following matters as each of them is defined in Title 15 of
Article 5 of the New York General Obligations Law to the extent that I am
permitted by law to act through an agent Solely in connection with those
accounts listed on Exhibit A attached hereto and made a part hereof and any
additional or substitution accounts hereafter created in my name by my
Attorneys-in-Fact: bond, share and commodity transactions; records, reports and
statements; full and unqualified authority to my attorney(s)-in-fact to delegate
any or all of the foregoing powers to any person or persons whom my
attorney(s)-in-fact shall select. This power of attorney shall not be affected
by the subsequent disability or incompetence of the principal.
To induce any third party to act hereunder, I hereby agree that any
third party receiving a duly executed copy or facsimile of this instrument may
act hereunder, and that renovation or termination hereof shall be ineffective as
to such third party unless and until actual notice or knowledge of such
revocation or termination shall have been received by such third party, and I
for myself and for my heirs, executors, legal representatives and assigns,
hereby agree to indemnify and hold harmless any such third party from and
against any and all claims that may arise against such third party by reason of
such third party having relied on the provisions of this instrument.
IN WITNESS WHEREOF, I have hereunto signed my name and affixed my
seal on June 30, 1996.
/s/ Helen Weinstein
------------------------------
(Signature of Principal)
Exhibit A Attached to the Power of Attorney
Granted to Henry Salzhauer or Michael Salzhauer
by Helen Weinstein:
Bank/Broker Account Type
- - ----------- ------------
Robert W. Baird Regular Brokerage
Gruntal & Co. Regular Brokerage
Brokerage DVP
Brokerage IRA
Friedman Billings Regular Brokerage
Bank of New York Regular Brokerage
Fox-Pitt Kelton Brokerage DVP
<PAGE> 9
POWER OF ATTORNEY
KNOW EVERYONE BY THESE PRESENTS, which are intended to constitute a
general power of ATTORNEY pursuant to Article 5, Title 15 of the New York
General Obligations Law: That I, LINDA SWENBERG do hereby appoint Henry
Salzhauer, 589 Broadway, New York, New York 10012 or Michael Salzhauer, 589
Broadway, New York, New York 10012 my attorneys-in-fact to act in my name, place
and stead in any way which I myself could do, if I were personally present, with
respect to the following matters as each of them is defined in Title 15 of
Article 5 of the New York General Obligations Law to the extent that I am
permitted by law to act through an agent Solely in connection with those
accounts listed on Exhibit A attached hereto and made a part hereof and any
additional or substitution accounts hereafter created in my name by my
Attorneys-in-Fact: bond, share and commodity transactions; records, reports and
statements; full and unqualified authority to my attorney(s)-in-fact to delegate
any or all of the foregoing powers to any person or persons whom my
attorney(s)-in-fact shall select. This power of attorney shall not be affected
by the subsequent disability or incompetence of the principal.
To induce any third party to act hereunder, I hereby agree that any
third party receiving a duly executed copy or facsimile of this instrument may
act hereunder, and that renovation or termination hereof shall be ineffective as
to such third party unless and until actual notice or knowledge of such
revocation or termination shall have been received by such third party, and I
for myself and for my heirs, executors, legal representatives and assigns,
hereby agree to indemnify and hold harmless any such third party from and
against any and all claims that may arise against such third party by reason of
such third party having relied on the provisions of this instrument.
IN WITNESS WHEREOF, I have hereunto signed my name and affixed my
seal on May 11, 1996.
/s/ Linda Swenberg
------------------------------
(Signature of Principal)
Exhibit A Attached to the Power of Attorney
Granted to Henry Salzhauer or Michael Salzhauer
by Helen Weinstein:
Bank/Broker Account Type
- - ----------- ------------
NatWest Bank Checking
Robert W. Baird Regular Brokerage
Morgan Stanley Brokerage IRA
Gruntal & Co. Regular Brokerage
Brokerage DVP
Friedman Billings Regular Brokerage
Bank of New York Regular Brokerage
Alex Brown Regular Brokerage
Fox-Pitt Keltin Brokerage DVP
