UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __) *
Merrimac Industries, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
590262 10 1
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(CUSIP Number)
Richard H. Gilden, Esq.
Kramer Levin Naftalis & Frankel LLP
919 Third Avenue
New York, New York 10022
(212) 715-9100
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 13, 2003
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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. |_|
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
* 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).
Page 1 of 5 pages
SCHEDULE 13D
CUSIP NO. 590262 10 1
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Lior Bregman
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b)
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3. SEC Use
only
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4. Source of funds (See
Instructions) PF
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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 United States
Organization -------------------------------------------
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Number 7. Sole Voting Power 164,500
of Shares
Beneficially -----------------------------------------------------------
Owned 8. Shared Voting Power 0
by Each -----------------------------------------------------------
Reporting 9. Sole Dispositive Power 164,500
Person With: -----------------------------------------------------------
10. Shared Dispositive Power 0
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11 Aggregate Amount Beneficially Owned by Each 164,500
Reporting Person
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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13. Percent of Class Represented by Amount
in Row (11) 5.27%
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14. Type of Reporting Person (See Instructions)
IN
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Page 2 of 5 pages
Item 1. Security and Issuer
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The class of securities to which this Statement relates is the
common stock, par value $0.01 per share (the "Common Stock"), of Merrimac
Industries, Inc (the "Issuer"), a Delaware corporation whose principal executive
offices are located 41 Fairfield Place, West Caldwell, New Jersey 07006.
Item 2. Identity and Background
-----------------------
(a), (b), (c) and (f) Lior Bregman ("Mr. Bregman") is a United States
citizen residing at 10 Sinclair Terrace, Short Hills, New Jersey
07078. Mr. Bregman is a private investor and is self-employed.
(d) Mr. Bregman has not, during the last five years, been convicted in
any criminal proceeding (excluding traffic violations and similar
misdemeanors).
(e) Mr. Bregman has not, during the last five years, been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
which as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or state securities laws or finding any violation
with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
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Mr. Bregman used his personal funds to purchase the shares of Common
Stock of the Issuer.
Item 4. Purpose of Transaction
----------------------
Mr. Bregman purchased the shares of Common Stock of the Issuer for
investment purposes. In the future, Mr. Bregman may acquire additional shares of
Common Stock or sell all or any portion of the Common Stock held by him. Mr.
Bregman has extensive experience and relationships in the defense and wireless
telecommunications industries and intends to work with the management of the
Issuer to maximize stockholder value. Mr. Bregman does not have any present
plans or proposals which relate to or would result in any of the actions
described in subsections (b) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
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(a) and (b) As of November 18, 2003, Mr. Bregman beneficially owns
164,500 shares of Common Stock of the Issuer. Mr. Bregman has the sole power to
vote and dispose of all such shares. Such shares constitute approximately 5.27%
of the total number of shares of Common Stock outstanding as of such date. The
percentage of the outstanding Common Stock set forth above is based on this
number on the 3,120,981 shares of Common Stock reported as outstanding as of
November 11, 2003 by the Issuer on its Form 10-Q for the quarter ended September
30, 2003, filed with the Securities and Exchange Commission of November 12,
2003.
Page 3 of 5 pages
(c) The following table sets forth the purchase of Common Stock of the
Issuer (totaling 164,500 shares) made by Mr. Bregman from September 17, 2003
through November 18, 2003. All such sales were made in open market transactions
on the American Stock Exchange:
Number of Average
Date of Shares Price Per
Transaction Purchased Share
----------- --------- ---------
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11/17/03 700 $5.590
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11/14/03 3,600 $5.550
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11/13/03 11,700 $5.683
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11/11/03 3,100 $5.019
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11/10/03 3,000 $5.010
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11/07/03 5,000 $5.000
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11/06/03 84,000 $5.000
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11/04/03 500 $5.200
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10/31/03 200 $4.950
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10/23/03 5,300 $4.977
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10/21/03 200 $4.700
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10/20/03 7,800 $4.600
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10/15/03 1,300 $4.700
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10/10/03 1,000 $4.791
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10/09/03 6,000 $4.965
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10/07/03 2,000 $4.700
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10/06/03 1,100 $4.797
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10/02/03 2,900 $4.598
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10/01/03 5,100 $4.495
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09/26/03 9,000 $4.000
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09/22/03 1,000 $4.050
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09/18/03 5,000 $4.000
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09/17/03 5,000 $3.900
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(d) Not applicable.
(e) Note applicable.
Item 6. Contracts, Arrangements, Undertakings or
Relationships With Respect to Securities of the Issuer
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None.
Item 7. Material to be filed as Exhibits
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None.
Page 4 of 5 pages
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.
Date: November 19, 2003
/s/ Lior Bregman
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Lior Bregman
Page 5 of 5 pages