<PAGE> 1
CONFIRMING COPY OF PAPER FILING
MADE ON JUNE 17, 1996
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
KNOGO NORTH AMERICA INC.
------------------------
(Name of Issuer)
Common Stock, par value $.01
------------------------------
(Title of Class of Securities)
499163103
--------------
(CUSIP Number)
Walter J. Schloss
Walter & Edwin Schloss Associates, L.P.
52 Vanderbilt Avenue
New York, New York 10017
(212) 370-1844
-----------------------------------
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
June 10, 1996
------------------------------------
(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 this statement / /.
Page 1 of 8 Pages
<PAGE> 2
CUSIP NO. 499158103000
------------
- --------------------------------------------------------------------------------
1) Name of Reporting Person Walter & Edwin Schloss
S.S. or I.R.S. Identifica- Associates, L.P.
tion No. of Above Person Employer I.D. No. 13-6065556
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ---------------------------------
(See Instructions) (b) X
---------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See
Instructions) WC,OO
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of Delaware
Organization
- --------------------------------------------------------------------------------
Number of (7) Sole Voting Power 572,000 shares
Shares Bene- ----------------------------------------------------------------
ficially (8) Shared Voting
Owned by Power -0-
Each Report- ----------------------------------------------------------------
ing Person (9) Sole Dispositive
With Power 572,000 shares
----------------------------------------------------------------
(10) Shared Dispositive
Power -0-
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 572,000 shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 9.97%(1)
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See
Instructions) PN
- --------------------------------------------------------------------------------
- --------
(1) Based on 5,738,632 shares of Common Stock outstanding as of March 25,
1996, as set forth in the Company's Notice of Meeting and Proxy
Statement, dated April 4, 1996.
Page 2 of 8 Pages
<PAGE> 3
CUSIP NO. 499163103
---------
- --------------------------------------------------------------------------------
1) Name of Reporting Person Walter J. Schloss
S.S. or I.R.S. Identifica- Soc. Sec. No. ###-##-####
tion No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ---------------------------------
(See Instructions) (b) X
---------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See
Instructions) PF
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of United States
Organization
- --------------------------------------------------------------------------------
Number of (7) Sole Voting Power 8,500 shares
Shares Bene- ----------------------------------------------------------------
ficially (8) Shared Voting
Owned by Power 572,000 shares(1)
Each Report- ----------------------------------------------------------------
ing Person (9) Sole Dispositive
With Power 8,500 shares
----------------------------------------------------------------
(10) Shared Dispositive
Power 582,500 shares(1),(2)
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 580,500 shares(1)
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain X
Shares (See Instructions)
- --------------------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 10.1%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See
Instructions) IN
- --------------------------------------------------------------------------------
(1) Includes 572,000 shares owned by Walter & Edwin Schloss Associates,
L.P., of which Schloss Management Company ("Management") is the general
partner. Walter J. Schloss is one of the general partners of
Management. By reason of his capacity as general partner of Management,
Walter J. Schloss may be deemed to have shared dispositive power and
shared voting power of such shares.
(2) Includes 10,500 shares held in accounts of four clients of Walter J.
Schloss, with respect to which he may from time to time possess certain
indicia of investment discretion but as to which he has no voting power
and he disclaims beneficial ownership.
Page 3 of 8 Pages
<PAGE> 4
CUSIP NO. 499163103
---------
- --------------------------------------------------------------------------------
1) Name of Reporting Person Edwin W. Schloss
S.S. or I.R.S. Identifica- Soc. Sec. No. ###-##-####
tion No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ---------------------------------
(See Instructions) (b) X
---------------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds (See
Instructions) PF
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Pur-
suant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of United States
Organization
- --------------------------------------------------------------------------------
Number of (7) Sole Voting Power 7,000 shares
Shares Bene- ----------------------------------------------------------------
ficially (8) Shared Voting
Owned by Power 572,000 shares(1)
Each Report- ----------------------------------------------------------------
ing Person (9) Sole Dispositive
With Power 7,000 shares
----------------------------------------------------------------
(10) Shared Dispositive
Power 572,000 shares(1)
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 579,000 shares(1)
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares (See Instructions) X
- --------------------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 10.1%
- --------------------------------------------------------------------------------
14) Type of Reporting Person (See
Instructions) IN
- --------------------------------------------------------------------------------
(1) Includes 572,000 shares owned by Associates of which Management is the
general partner. Edwin W. Schloss is one of the general partners of
Management. By reason of his capacity as general partner of Management,
Edwin W. Schloss may be deemed to have shared dispositive power and
shared voting power of such shares.
Page 4 of 8 Pages
<PAGE> 5
INTRODUCTORY STATEMENT
On February 2, 1995, there was filed with the Securities and
Exchange Commission a Statement on Schedule 13D (the "Original Statement")
relating to shares of Common Stock, par value $.01 per share of Knogo North
America Inc. (the "Company"), beneficially owned by Walter & Edwin Schloss
Associates, L.P. ("Associates"), Walter J. Schloss and Edwin W. Schloss. All
capitalized terms used herein and not otherwise defined herein shall have the
same respective meanings as used in the Original Statement.
This Statement being filed to report the disposition of the
Common Stock of the Company by Associates.
Item 5 of the Original Statement is hereby amended as follows:
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, Associates beneficially owns
directly 572,000 shares of Common Stock, which constitutes approximately 9.97%
of the outstanding shares of Common Stock of the Company.(2) Walter J. Schloss
and Edwin W. Schloss, solely by reason of their positions as general partners of
Management, the general partner of Associates, may each be deemed to be the
indirect beneficial owner of the 572,000 shares of Common Stock beneficially
owned directly by Associates.
As of the date hereof, Walter J. Schloss beneficially owns
580,500 shares (including the shares owned by Associates) of Common Stock, which
constitutes approximately 10.1% of the outstanding shares of Common Stock.
As of the date hereof, Edwin W. Schloss beneficially owns
579,000 shares (including the shares owned by Associates) of Common Stock, which
constitutes approximately 10.1% of the outstanding shares of Common Stock.
In addition, Walter J. Schloss provides investment advice in
the ordinary course of business to four clients including a non-profit
organization of which Walter J. Schloss is a member of the Board of Trustees.
Walter J. Schloss may, at any given time or from time to time, possess certain
indicia of investment discretion with respect to shares of Common Stock held in
the accounts of his clients, but as to which Walter J. Schloss has no voting
power. As of the date hereof, clients of Walter J. Schloss own 10,500 shares of
Common Stock of the Company. The filing of this Statement should not be deemed
an admission that Walter J. Schloss is the beneficial owner of the shares of
Common Stock held in said client accounts.
- --------
(2) Outstanding shares of Common Stock are based on 5,738,632 shares
outstanding as of March 25, 1996, as reported in the Company's Proxy
Statement, dated April 4, 1996.
Page 5 of 8 Pages
<PAGE> 6
(b) Associates has sole power to vote and dispose of the
Partnership Shares, except that Walter J. Schloss and Edwin W. Schloss, solely
by reason of their positions as general partners of Management, the general
partner of Associates, may be deemed to have shared power to vote and dispose of
the Partnership Shares.
Walter J. Schloss and Edwin W. Schloss each have sole power to
vote and dispose of the shares of Common Stock beneficially owned directly by
them.
Walter J. Schloss may have at any time or from time to time
certain indicia of investment discretion (but not the power to vote) with
respect to the shares of Common Stock held in the accounts of his clients.
Walter J. Schloss disclaims beneficial ownership as to all such shares held in
client accounts.
(c) Information with respect to all transactions in Common
Stock effected by Associates during the period beginning 60 days prior to the
date hereof are as follows:
<TABLE>
<CAPTION>
Date Shares Purchased Shares Sold Per Share Price
---- ---------------- ----------- ---------------
<S> <C> <C> <C>
5/13/96 -- 16,000 $10.375
5/14/96 -- 900 $10.375
5/15/96 -- 8,100 $10.375
6/4/96 -- 13,800 $10.289
6/5/96 -- 15,200 $10.386
6/6/96 -- 4,600 $10.837
6/7/96 -- 57,400 $11.777
6/10/96 -- 55,000 $14.084
</TABLE>
All such transactions were open market transactions.
Except as set forth above, none of Associates, Walter J.
Schloss nor Edwin W. Schloss have effected any transactions in Common Stock
during the period since December 29, 1994 to the date hereof.
(d) To the best knowledge of Associates, no person other than
Associates has the right to receive or the power to direct the receipt of,
dividends from, or the proceeds from the sale of, the Partnership Shares, except
that Walter J. Schloss and Edwin W. Schloss may be deemed to have such rights
and powers solely by reason of being general partners of Management, the general
partner of Associates.
To the best knowledge of Walter J. Schloss, each person
maintaining an investment advisory account with him has the sole right to
receive or the power to direct the receipt of dividends from, or proceeds from
the sale of, the shares of Common Stock held in said person's account.
Page 6 of 8 Pages
<PAGE> 7
(e) Not Applicable.
Page 7 of 8 Pages
<PAGE> 8
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
/S/ WALTER J. SCHLOSS
----------------------------------------
Walter J. Schloss
/S/ EDWIN W. SCHLOSS
----------------------------------------
Edwin W. Schloss
WALTER & EDWIN SCHLOSS ASSOCIATES, L.P.
By Schloss Management Company, General
Partner
By:/S/ WALTER J. SCHLOSS
-------------------------------------
Walter J. Schloss, General Partner
By:/S/ EDWIN W. SCHLOSS
-------------------------------------
Edwin W. Schloss, General Partner
Page 8 of 8 Pages
