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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
EASTBROKERS INTERNATIONAL INCORPORATED
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(formerly known as Czech Industries, Inc.)
(Name of Issuer)
COMMON STOCK, PAR VALUE $.05 PER SHARE
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(Title of Class of Securities)
276052 10 7
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(CUSIP Number)
Peter Schmid
Eastbrokers Beteiligungs AG
Schlickgasse 1
A-1090 Vienna, Austria
43-1-317 27 00
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 5, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b) (3) or (4), check the following
box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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CUSIP No. 276052 10 7
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1) Name of Reporting Person: Peter Schmid
S.S. or I.R.S. Identification No. of Above Person: Not applicable
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2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[ ]
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3) SEC Use Only
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4) Source of Funds OO
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5) Check 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: Austria
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7) Sole Voting Power: 554,659
Number of
Shares ---------------------------------------------------------
Beneficially 8) Shared Voting Power:
Owned by
Each ---------------------------------------------------------
Reporting 9) Sole Dispositive Power: 554,659
Person
With ---------------------------------------------------------
10) Shared Dispositive Power:
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
554,659 shares of Common Stock*
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X]
* Does not include options to acquire 33,000 shares at $10.00 per share held
by Mr. Schmid.
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13) Percent of Class Represented by Amount in Row (11):
19.63% of Common Stock, based on 2,826,000 shares of Common
Stock issued and outstanding at February 1, 1997. See Item 5
herein.
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14) Type of Reporting Person IN
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ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of common stock, $.05 par value of
Eastbrokers International Incorporated, formerly known as Czech Industries,
Inc. ("Common Stock"), a Delaware corporation, having its principal executive
offices at 15245 Shady Grove Road, Suite 340, Rockville, Maryland 20850 (the
"Company" or the "Issuer").
ITEM. 2. IDENTITY AND BACKGROUND.
Peter Schmid
(a) This statement is being filed by Peter Schmid, President,
Chairman, Chief Executive Officer and a Director of the
Issuer.
(b) Mr. Schmid's business address is Schlickgasse 1, A-1090
Vienna, Austria.
(c) Mr. Schmid's principal occupation is Chairman, President and
Chief Executive Officer of the Issuer. The principal address
at which such employment is conducted is Schlickgasse 1,
A-1090 Vienna, Austria.
(d) During the last five years, Mr. Schmid has not been
convicted in a criminal proceeding.
(e) During the last five years, Mr. Schmid has not been a party
to a civil proceeding of a judicial or administrative body
of competent jurisdiction and is not subject to a judgment,
decree or final order enjoining future violations of,
prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect
to such laws.
(f) Mr. Schmid is a citizen of Austria.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The disclosure under Item 3 of the Schedule 13D dated October 9, 1996
filed on behalf of KHS Beteiligungs, AG ("KHS"), Wolfgang Kossner and Peter
Schmid, as amended by Amendment No. 1 thereto dated November 5, 1996
(collectively, the "Schedule 13D"), insofar as it relates to Mr. Schmid is
incorporated herein by reference. All amounts previously reported should be
adjusted, as necessary, to reflect the one-for-five reverse split of the
Common Stock which became effective in September 1996.
In addition, as partial consideration for the Issuer's acquisition of
Eastbrokers Beteiligungs AG, 554,659 shares of the Company's Common Stock were
issued to Karntner Landes und Hypothekenbank, AG (the "Bank") as nominee for
the Tsuyoshi Trust Vaduz (the "Trust") with respect to 359,925 shares and as
nominee for Mr. Schmid with respect to 194,734 shares. Mr.
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Schmid has sole investment and voting power with respect to the Trust shares
and is a beneficiary of the Trust.
ITEM 4. PURPOSE OF THE TRANSACTION.
The disclosure under Item 4 of the Schedule 13D insofar as it relates
to Mr. Schmid is incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The disclosure under Item 5 of the Schedule 13D insofar as it relates
to Mr. Schmid is incorporated herein by reference. All amounts should be
adjusted, as necessary, to reflect the one-for-five reverse split of the
Common Stock which became effective in September 1996.
(a) and (b)
KHS Beteiligungs AG
As of March 5, 1997, Mr. Schmid ceased to be an officer, director and
shareholder of KHS and is no longer a beneficial owner of shares held by KHS.
Peter Schmid
As of the date hereof, Peter Schmid is the indirect beneficial owner
of 554,659 shares of Common Stock of the Company. 359,925 of these shares are
held by the Bank as nominee for the Trust and 194,734 of these shares are held
by the Bank as nominee for Mr. Schmid. Mr. Schmid has sole voting and
investment power with respect to the Trust shares and is a beneficiary of the
Trust. Said shares represent 19.63% of the issued and outstanding shares of
Common Stock of the Company, based on 2,826,000 shares issued and outstanding
at February 1, 1997. Said shares do not include options to acquire 33,000
shares of Common Stock of the Company, exercisable as of February 1, 1997. The
exercise price of the options is $10.00 and the options expire on August 1,
2001. The shares reported as owned by Mr. Schmid also do not include 33,209
shares owned by WMP Borsenmakler AG ("WMP") which became an indirect
subsidiary of the Company on August 1, 1996 by reason of the Company's
acquisition of Eastbrokers. The reference to these shares should not be deemed
as an admission that Mr. Schmid is the beneficial owner of the shares owned by
WMP for purposes of section 13(d) or 13(g) of the Securities Exchange Act of
1934.
(c) Other than the transactions described in this filing or in the
Schedule 13D, Mr. Schmid has not effected any transaction in the securities of
the Company during the past 60 days.
(d) Not applicable.
(e) Not applicable.
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief
of the undersigned, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Date: April 4, 1997 /s/ PETER SCHMID
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Peter Schmid
