SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
TAITRON COMPONENTS INCORPORATED
- -----------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $.001 PER SHARE
- -----------------------------------------------------
(Title of Class of Securities)
874028 10 3
--------------------
(CUSIP Number)
-------------
* 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 the disclosures provided in a prior coverage page.
The information required in 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 5 Pages
<PAGE>
CUSIP No. 874028 10 3 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stewart Wang
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5 SOLE VOTING POWER
793,612**
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING 793,612**
PERSON WITH
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
793,612**
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.0%
12 TYPE OF REPORTING PERSON*
in
*SEE INSTRUCTION BEFORE FILLING OUT!
** Includes 762,612 shares of Class A Common Stock issuable upon
conversion of 762,612 shares of Class B Common Stock (which carries 10
votes per share) owned by Mr. Wang.
Page 2 of 5 Pages
<PAGE>
ITEM 1(A). NAME OF ISSUER:
Taitron Components Incorporated
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
25202 Anza Drive
Santa Clarita, California 91355
ITEM 2(A). NAME OF PERSON FILING:
Stewart Wang
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Principal Business Office:
25202 Anza Drive
Santa Clarita, California 91355
ITEM 2(C). CITIZENSHIP:
United States of America
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Class A Common Stock, par value $0.001 per share
ITEM 2(E). CUSIP NUMBER:
874028 10 3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B),
OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
Page 3 of 5 Pages
<PAGE>
ITEM 4. OWNERSHIP.
ITEM 4(A) AMOUNT BENEFICIALLY OWNED:
793,612*
ITEM 4(B) PERCENT OF CLASS:
14.0%
ITEM 4(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
ITEM 4(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
793,612*
ITEM 4(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
0
ITEM 4(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
793,612*
ITEM 4(IV) SHARE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
0
* Includes 762,612 shares of Class A Common Stock issuable upon
conversion of 762,612 shares of Class B Common Stock owned by
Mr. Wang and 31,000 shares of Class A Common Stock underlying
options that are, or will within 60 days of the date hereof be,
exercisable. The Class B Common Stock is identical in all
material respects with the Class A Common Stock, except that
it carries 10 votes per share as compared to 1 vote per share.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
Page 4 of 5 Pages
<PAGE>
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF
OF ANOTHER PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY
THE PARENT HOLDING COMPANY.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
Not Applicable
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.
February 11, 1998
------------------------------------------------------
(Date)
/s/ Stewart Wang
------------------------------------------------------
(Signature)
Stewart Wang
------------------------------------------------------
(Name/Title)
Page 5 of 5 Pages
