Amended Statement of Beneficial Ownership (sc 13d/a)
22 Novembre 2022 - 11:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
SERVOTRONICS, INC.
(Name of Issuer)
Common Stock, $0.20 par value per share
(Title of Class of Securities)
817732100
(CUSIP Number)
Evan Wax
Wax Asset Management, LLC
44 Cherry Lane
Madison, CT 06443
(203) 941-0111
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 18, 2022
(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]
| * | 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).
1 |
Names of Reporting Persons
Wax
Asset Management, LLC
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2 |
Check the Appropriate Box if a Member of a Group
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(a) [ ] (b) [ ] |
3 |
SEC Use Only |
|
4 |
Source of Funds (See Instructions)
OO
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|
5 |
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |
[ ] |
6 |
Citizenship or Place of Organization
Connecticut |
|
Number
Of Shares
Beneficially
Owned By
Each Reporting Person
With |
7 |
Sole Voting Power 179,389 |
8 |
Shared Voting
Power 0 |
9 |
Sole Dispositive Power 179,389 |
10 |
Shared Dispositive
Power 0 |
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
179,389 |
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
|
|
13 |
Percent of Class Represented by Amount in Row (11)
7.1% |
|
14 |
Type of Reporting Person
IA |
|
1 |
Names of Reporting Persons
Evan
Wax
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|
2 |
Check the Appropriate Box if a Member of a Group
|
(a) [ ] (b) [ ] |
3 |
SEC Use Only
|
|
4 |
Source of Funds (See Instructions)
OO |
|
5 |
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |
[ ] |
6 |
Citizenship or Place of Organization
United States |
|
Number Of Shares Beneficially Owned By Each Reporting Person With |
7 |
Sole Voting Power 181,776 |
8 |
Shared Voting Power 0 |
9 |
Sole Dispositive Power 181,776 |
10 |
Shared Dispositive Power 0 |
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
181,776 |
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
|
|
13 |
Percent of Class Represented by Amount in Row (11)
7.2% |
|
14 |
Type of Reporting Person
IN |
|
This Amendment No. 1 (“Amendment No. 1”) to Schedule 13D supplements
and amends the Schedule 13D filed on May 23, 2022 (the “Initial Schedule 13D”). Information reported in the Initial Schedule
13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment No. 1.
Unless otherwise indicated, capitalized terms used but not otherwise defined herein shall have the meaning assigned to such terms in the
Initial Schedule 13D. Responses to each item of this Amendment No. 1 are incorporated by reference into the response to each other item,
as applicable.
Item 3. Source and Amount of Funds or Other
Consideration
Item 3 of the Initial Schedule
13D is hereby replaced in its entirety as follows:
Wax Asset Management owns no shares
directly, but Wax Asset Management may be deemed to beneficially own (within the meaning of Rule 13(d)(3) of the Securities Exchange Act
of 1934) shares purchased for or transferred to the accounts of investment advisory clients. Wax Asset Management disclaims beneficial
ownership of such shares, except to the extent of its pecuniary interest therein.
Mr. Wax owns 16,818 shares of
Common Stock, of which (i) 2,387 were granted to Mr. Wax pursuant to the Company's Non-Employee Director Compensation Policy and (ii)
14,431 were purchased by Mr. Wax with his personal funds. The total consideration paid for the 14,431 shares of Common Stock purchased
by Mr. Wax was $140,583.32.
Item 5. Interest in Securities of the Issuer
Item 5(a), (b) and (c) of
the Initial Schedule 13D are hereby replaced in their entirety as follows:
(a),(b) For information regarding beneficial ownership,
see the information presented on the cover pages of this Amendment No. 1.
(c) The
transactions in shares of Common Stock by Reporting Person during the past sixty (60) days were as follows:
Nature of Transaction |
Number of Shares |
Price Per Share |
Date |
Open Market Purchase |
17,453 |
$10.97573 |
11/17/2022 |
Open Market Purchase |
889 |
$11.0974 |
11/18/2022 |
SIGNATURES
After reasonable inquiry and to the best of each of
the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true,
complete and correct.
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Dated: November 22, 2022 |
WAX ASSET MANAGEMENT, LLC |
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By: |
/s/ Evan Wax |
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Name: |
Evan Wax |
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Title: |
President |
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Dated: November 22, 2022 |
/s/ Evan Wax |
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Evan Wax |
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