UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Ranger Industries, Inc.
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(Name of Issuer)
Common Stock, par value $.01
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(Title of Class of Securities)
75907105
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(CUSIP Number)
John N. Turitzin
Paul, Hastings, Janofsky & Walker LLP
399 Park Avenue
New York, New York 10022
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 6, 2001
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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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-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.
Page 1 of 4 Pages
CUSIP No. 75907105 SCHEDULE 13D Page 2 of 4 Pages
________________________________________________________________________________
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Morton E. Handel
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
________________________________________________________________________________
3. Sec Use Only
________________________________________________________________________________
4. Source of Funds (See Instructions)
PF, OO
________________________________________________________________________________
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [_]
________________________________________________________________________________
6. Citizenship or Place of Organization
United States
________________________________________________________________________________
7. Sole Voting Power
0
________________________________________________________________
Number of 8. Shared Voting Power
Shares
Beneficially 0
Owned by ________________________________________________________________
Each 9. Sole Dispositive Power
Reporting
Person 0
With ________________________________________________________________
10. Shared Dispositive Power
0
________________________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting Person
0
________________________________________________________________________________
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11)
0%
________________________________________________________________________________
14. Type of Reporting Person (See Instructions)
CO
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SCHEDULE 13D Page 3 of 4 Pages
This amends the Schedule 13D dated August 13, 1988 (the "Schedule
13D") as amended by Amendment No. 1 filed on January 4, 2001 and Amendment No. 2
filed on January 9, 2001 by Morton E. Handel with respect to the Common Stock,
$.01 par value (the "Common Stock") of Ranger Industries, Inc., a Connecticut
corporation ("Ranger" or the "Company"). Capitalized terms used herein without
definition have the meanings ascribed to them in the Schedule 13D.
I. Item 4 of the Schedule 13D, "Purpose of Transaction," is
hereby amended to include the following:
"The Tender Offer closed on February 6, 2001. Mr. Handel tendered
and Bumgarner purchased 500,000 shares of Common Stock of the Company
beneficially owned by Mr. Handel. Mr. Handel resigned as a director of the
Company immediately prior to the closing of the Tender Offer."
II. Items 5(a), 5(b), 5(c) and 5(e) of the Schedule 13D, "Interest
in Securities of the Issuer," are hereby amended and restated in their entirety
as follows:
"(a) Mr. Handel does not own any shares of the Common Stock of the
Company."
"(b) Mr. Handel does not have any voting power or dispositive power
with respect to any shares of Common Stock of the Company."
"(c) Mr. Handel sold 500,000 shares of the Common Stock for $2.00
per share on February 6, 2001 to Bumgarner, pursuant to the Tender Offer and the
Stock Purchase Agreement."
"(e) Mr. Handel ceased to be a beneficial owner of more than five
percent of the Common Stock on February 6, 2001."
III. Item 6 of the Schedule 13D, "Contracts, Arrangements,
Understandings, or Relationships with Respect to Securities of the Issuer," is
hereby amended to include the following:
"There are no contracts, arrangements, understandings or
relationships (legal or otherwise) among the persons named in Item 2 and between
Mr. Handel and any other person with respect to any securities of the Company,
including but not limited to transfer or voting of any such securities, finder's
fees, joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss, or the giving or withholding of proxies."
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.
Dated: February 12, 2001
/s/ Morton E. Handel
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Morton E. Handel