CUSIP No. 629839101
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Page 2 of 6 Pages
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
David Hochman
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) o
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
PF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
2,715,980
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8
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SHARED VOTING POWER
None
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9
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SOLE DISPOSITIVE POWER
2,715,980
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10
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SHARED DISPOSITIVE POWER
None
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,715,980
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
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o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0% based on 35,983,674 of common shares outstanding as of June 10, 2014
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14
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TYPE OF REPORTING PERSON (See Instructions)
IN
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Item 1.
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Security and Issuer.
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Item 2.
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Identity and Background.
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(a)
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David Hochman.
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(b)
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Mr. Hochman’s address is 15 Weston Hill Rd, Riverside, CT 06878.
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(c)
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Mr. Hochman is a director of the Issuer.
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(d)
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During the last five years, Mr. Hochman has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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(e)
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During the past five years, Mr. Hochman has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and 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 violations with respect to such laws.
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Item 3.
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Source or Amount of Funds or Other Consideration.
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Item 4.
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Purpose of Transaction.
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·
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the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;
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·
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an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
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·
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a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
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·
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any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
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·
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any material change in the present capitalization or dividend policy of the Issuer;
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·
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any other material change in the Issuer’s business or corporate structure, including but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940;
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·
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changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;
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·
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causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
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·
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a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
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·
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any action similar to any of those enumerated above.
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Item 5.
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Interest in Securities of the Issuer.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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Item 7.
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Material to Be Filed as Exhibits.
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10.1
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Subscription Agreement, dated June 4, 2014, between the Issuer and David Hochman.
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10.2
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6% Senior Secured Convertible Debentures of the Issuer.
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10.3
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Warrant Agreement, dated June 10, 2014, between the Issuer and David Hochman.
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10.4
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Warrant Agreement, dated June 10, 2014, between the Issuer and CSD Holdings LLC.
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10.5
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Registration Rights Agreement, dated June 10, 2014, between the Issuer and David Hochman.
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10.6
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Registration Rights Agreement, dated June 10, 2014, between the Issuer and CSD Holdings LLC.
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/s/ David Hochman | ||
Name | ||