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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 4
SERVOTRONICS, INC.
-----------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------
(Title of Class of Securities)
0008177321
-------------------
(CUSIP Number)
Harvey Houtkin, c/o All-Tech Investment Group, Inc.
160 Summit Avenue, Montvale, New Jersey 07645//(201) 782-0200
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 30, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [x]
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 1 of 11
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CUSIP NO. 0008177321 Page 2 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wanshef Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
N/A
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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7. SOLE VOTING POWER
Number of -0-
Shares ----------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each -0-
Reporting
Person -----------------------------------------------
With 9. SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0--
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14. TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 0008177321 Page 3 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rushmore Financial Services, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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7. SOLE VOTING POWER
Number of -0-
Shares -----------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 65,356
Reporting
Person -----------------------------------------------
With 9. SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------
10. SHARED DISPOSITIVE POWER
65,356
- ----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,356
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
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14. TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 0008177321 Page 4 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
All-Tech Investment Group, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7. SOLE VOTING POWER
Number of
Shares -0-
Beneficially -----------------------------------------------
Owned by 8. SHARED VOTING POWER
Each 36,952
Reporting
Person -----------------------------------------------
With 9. SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------
10. SHARED DISPOSITIVE POWER
36,952
- ----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,952
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
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14. TYPE OF REPORTING PERSON
BD
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 0008177321 Page 5 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey Houtkin
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF WC OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [x]
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(6) Citizenship or Place of Organization
United States
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(7) Sole Voting Power
Number of
Shares 203,144
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Beneficially (8) Shared Voting Power
Owned by
Each 65,356
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Reporting (9) Sole Dispositive Power
Person
With 203,144
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(10) Shared Dispositive Power
65,356
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
268,500
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
11.4%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 0008177321 Page 6 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark Shefts
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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(6) Citizenship or Place of Organization
United States
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(7) Sole Voting Power
Number of
Shares -0-
--------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by
Each 65,356
--------------------------------------------------
Reporting (9) Sole Dispositive Power
Person
With -0-
--------------------------------------------------
(10) Shared Dispositive Power
65,356
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
65,356
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [X]
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
2.8%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1. Security and Issuer
Common Stock
Servotronics, Inc.
3901 Union Road
Buffalo, NY 14225
Item 2. Identity and Background
(a) Wanshef Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) No longer in existence
(d) No
(e) No
(f) New York
Wanshef Inc. merged with and into Rushmore Financial Services, Inc.
("Rushmore"). Wanshef previously filed a Report on Schedule 13D with
respect to the issuer; this joint filing constitutes Amendment No. 4
thereto. Information with respect to Rushmore is as follows:
(a) Rushmore Financial Services, Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) Electronic day trading training, 160 Summit Avenue, Montvale, NJ 07645
(d) No
(e) No
(f) New Jersey
90.5% of the shares of All-Tech Investment Group, Inc. ("All-Tech"), a
registered broker/dealer which makes a market in the issuer's stock, are
owned by Rushmore. All-Tech previously filed a Report on Schedule 13D with
respect to the issuer; this joint filing constitutes Amendment No. 4
thereto. Information with respect to All-Tech is as follows:
(a) All-Tech Investment Group, Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) Broker/Dealer
(d) No
(e) No
(f) New York
Page 7 of 11
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Information with respect to Mr. Houtkin is set forth below. Mr. Houtkin
has previously filed a Report on Schedule 13D with respect to the issuer;
this joint filing constitutes Amendment No. 4 thereto.
(a) Harvey Houtkin
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) Chairman of the Board, Chief Executive Officer and Secretary, All-Tech
Investment Group, Inc. and Domestic Securities, Inc., registered
broker-dealers located at 160 Summit Avenue, Montvale, NJ 07645, and
Rushmore Financial Services, Inc.
(d) No
(e) In 1990 a consent order was issued by the New Jersey Bureau of
Securities pursuant to a negotiated amicable resolution of the
application for registration of Domestic Securities, Inc.
("Domestic"), a registered broker-dealer, in the State of New Jersey.
The order provided that neither Domestic nor Mr. Houtkin would reapply
for registration for three years and the New Jersey Bureau of
Securities would be reimbursed $50,000 in respect of its costs of
investigation of the application. Mr. Houtkin and Domestic are now
registered in the State of New Jersey.
(f) United States
Information with respect to Mr. Shefts is set forth below. Mr. Shefts has
previously filed a Report on Schedule 13D with respect to the issuer; this
joint filing constitutes Amendment No. 4 thereto.
(a) Mark Shefts
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) President/Treasurer All-Tech Investment Group, Inc., Domestic
Securities, Inc. and Rushmore Financial Services, Inc., 160 Summit
Avenue, Montvale, NJ 07645
(d) No
(e) No
(f) United States
Item 3. Source and Amount of Funds or Other Consideration.
Amounts set forth below are for shares owned directly by a reporting
person.
Page 8 of 11
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WC/OO Rushmore owns 28,404 shares (1.2%) of the issuer directly, which
shares were purchased on margin, and indirectly owns 36,952 shares
(1.6%) through its 90.5% ownership of All-Tech, which purchased such
shares on margin. Rushmore is owned 50% by Mr. Shefts and 50% by Mr.
Houtkin.
WC/OO All-Tech Investment Group, Inc. ("All-Tech"), a registered
broker/dealer which makes a market in the issuer's stock,purchased
36,952 shares (1.6%)in a margin account. 90.5% of the stock of
All-Tech is owned by Rushmore.
PF/OO The 203,144 shares directly beneficially owned by Mr. Houtkin
individually were purchased for cash. Mr. Houtkin's wife Sherry
Houtkin is the beneficial owner of 86,632 shares (3.7%)which were
purchased for cash. An additional 11,200 shares (0.5%) are owned by
Mr. Houtkin's adult son Brad Houtkin, of which 2,600 were purchased
for cash and 8,600 were purchased on margin. Mr. Houtkin disclaims
beneficial ownership of the shares owned by his wife and son. The
36,952 shares (1.6%) owned by All-Tech and the 28,952 shares (1.5%)
owned by Rushmore were purchased in a margin account.
OO/WC Mr. Shefts controls the 36,952 shares (1.6%) owned by All-Tech
and the 28,404 shares (1.5%) owned by Rushmore, all of which were
purchased on margin. Mr. Shefts wife, Wanda Shefts, owns 15,171
shares (0.6%), which were purchased for cash. Mr. Shefts' mother owns
11,000 shares (0.5%), 1,000 of which were purchased for cash and
10,000 of which were purchased on margin. Mr. Shefts disclaims
beneficial ownership of the shares owned by his wife and mother.
Item 4. Purpose of Transaction
The shares were purchased for investment purposes only, except for the
shares owned by All-Tech, which were purchased as inventory for its
market-making activity.
Except for All-Tech's continuing to make a market in the issuer's stock,
there are no current plans or proposals to acquire or dispose of the
issuer's securities or to seek any change in the issuer's business or
corporate structure.
Page 9 of 11
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Item 5. Interest in Securities of the Issuer
(a) The aggregate number of the issuer's common shares beneficially owned
at the close of business on June 30, 1997, by all reporting persons
submitting this joint filing (excluding the 124,003 shares (5.3%) as to
which beneficial ownership is disclaimed) was 268,500, equaling
approximately 11.4% of the common stock outstanding on such date.
All shares held in corporate name as set forth below are subject to shared
voting and dispositive power; shares owned by Mr. Houtkin individually are
subject to sole voting and dispositive power.
(b) Shares beneficially owned by each reporting person:
All-Tech Investment Group, Inc. TOTAL: 36,952
PERCENTAGE: 1.6%
Rushmore Financial Services, Inc.
(excluding shares TOTAL: 28,404
of All-Tech) PERCENTAGE: 1.2%
Harvey Houtkin, individually 203,144
Harvey Houtkin as a control person of
Rushmore (excluding shares owned
by All-Tech) 28,404
Harvey Houtkin as a control person of
All-Tech 36,952
TOTAL: 268,500
PERCENTAGE: 11.4%
Mark Shefts, individually 0
Mark Shefts as a control person
of Rushmore (excluding shares owned 28,404
by All-Tech)
Mark Shefts as a control person
of All-Tech 36,952
TOTAL: 76,356
PERCENTAGE: 3.2%
Mr. Houtkin disclaims beneficial ownership of 86,632 shares (3.7%)
owned by his wife Sherry Houtkin and 11,200 shares (0.5%) owned by his
adult son Brad Houtkin.
Mr. Shefts disclaims beneficial ownership of the 15,171 shares (0.6%)
owned by his wife Wanda Shefts and the 11,000 shares owned by his
mother Edith Shefts (0.5%).
Page 10 of 11
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(c) All-Tech, a market-maker in the issuer's stock, effects transactions
in the issuer's stock continually.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
The parties filing this Report on Form 13D have orally agreed to make
this joint filing.
Item 7. Material to be Filed as Exhibits
None
Signature
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
July 16, 1997
WANSHEF INC.
By /s/ Harvey Houtkin
---------------------------
RUSHMORE FINANCIAL SERVICES, INC.
By /s/ Harvey Houtkin
---------------------------
Harvey Houtkin, Chairman
ALL-TECH INVESTMENT GROUP, INC.
By /s/ Harvey Houtkin
---------------------------
Harvey Houtkin, Chairman
/s/ Harvey Houtkin
------------------------------
Harvey Houtkin
/s/ Mark Shefts
------------------------------
Mark Shefts
Page 11 of 11
