SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 5)
SERVOTRONICS, INC
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
0008177321
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(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)
April 19, 1999
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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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |X|.
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
- ----------
(1) 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 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>
CUSIP No. 008177321 SCHEDULE 13D/A Page of Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rushmore Financial Services, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC 00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 9,404
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,404
--------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,404
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 008177321 SCHEDULE 13D/A Page of Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
All-Tech Investment Group, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC 00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 9,000
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,000
--------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 008177321 SCHEDULE 13D/A Page of Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harvey Houtkin
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF WC 00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 345,500
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 19,356
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
345,500
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,356
--------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,856
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer
Common Stock
Servotronics, Inc.
3901 Union Road
Buffalo, NY 14225
Item 2. Identity and Background
Rushmore previously filed a Report on Schedule 13D with respect to the
issuer; this joint filing constitutes Amendment No. 5 thereto. Information with
respect to Rushmore is as follows:
(a) Rushmore Financial Services, Inc.
(b) 160 Summit Avenue Montvale, New Jersey 07645
(c) Holding company, 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
<PAGE>
filed a Report on Schedule 13D with respect to the issuer; this joint
filing constitutes Amendment No. 5 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) Delaware
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. 5 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 not provided because Mr. Shefts
no longer is a part of the group making this joint filing.
Item 3. Source and Amount of Funds or Other Consideration.
Amounts set forth below are for shares owned directly by a reporting
person.
WC/OO Rushmore owns 404 shares (.0%) of the issuer directly, which
shares were purchased on margin, and indirectly owns 9,000 shares
(0.4%) 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
9,000 shares (0.4%)in a margin account. 90.5% of the stock of
All-Tech is owned by
<PAGE>
Rushmore.
PF/OO The 354,500 shares directly beneficially owned by Mr. Houtkin
individually were purchased for cash. Mr. Houtkin owns 9,952 shares
(0.4%) together with his mother, Esther Houtkin; all of such shares
were purchased for cash. Mr. Houtkin's wife Sherry Houtkin is the
beneficial owner of 86,632 shares (3.6%) which were purchased for
cash. An additional 10,200 shares (0.4%) are owned by Mr. Houtkin's
adult son Brad Houtkin, of which 2,100 were purchased for cash and
8,100 were purchased on margin, and 79 shares (.0%) which were
purchased for cash are owned by his adult son Stuart. Mr. Houtkin
disclaims beneficial ownership of the shares owned by his wife and
son Brad. The 9,000 shares (0.4%) owned by All-Tech and the 404
shares (0.0%) owned by Rushmore were purchased in a margin account.
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.
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 April 19, 1999, by all reporting
persons submitting this joint filing (excluding the 96,832 shares
(4.0%) as to which beneficial ownership is disclaimed) was 373,935,
equaling approximately 15.5% 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 except
for the 9,952 shares Mr. Houtkin and his mother own jointly.
(b) Shares beneficially owned by each reporting person:
All-Tech Investment Group, Inc. TOTAL: 9,000
PERCENTAGE: 0.4%
Rushmore Financial Services, Inc.
(excluding shares TOTAL: 404
of All-Tech) PERCENTAGE: 0.0%
Harvey Houtkin, individually 354,500
Harvey and Esther Houtkin 9,952
Stuart Houtkin 79
<PAGE>
Harvey Houtkin as a control person of
Rushmore (excluding shares owned
by All-Tech) 404
Harvey Houtkin as a control person of
All-Tech 9,000
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TOTAL: 373,935
PERCENTAGE: 15.5%
Mr. Houtkin disclaims beneficial ownership of 86,632 shares
(3.6%) owned by his wife Sherry Houtkin and 11,200 shares (0.4%)
owned by his adult son Brad Houtkin.
(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.
April 22, 1999
RUSHMORE FINANCIAL SERVICES, INC.
By s/Harvey Houtkin
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Harvey Houtkin, Chairman
ALL-TECH INVESTMENT GROUP, INC.
By s/Harvey Houtkin
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Harvey Houtkin, Chairman
s/Harvey Houtkin
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Harvey HoutkinCa
