SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6)
CSS INDUSTRIES, INC.
--------------------
(Name of Issuer)
Common Stock, $.10 par value
------------------------------
(Title of Class of Securities)
125906 10 7
--------------
(CUSIP Number)
Alan Singer, Esq.
Morgan, Lewis & Bockius LLP
1701 Market Street
Philadelphia, PA 19103-2921
(215) 963-5000
--------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 15, 2005
---------------
(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 |_|
(Page 1 of 12 Pages)
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 2 OF 12 PAGES
-----------
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ellen B. Kurtzman
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
________________________________________________________________________________
NUMBER 7 SOLE VOTING POWER 1,935,275 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 224,900 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 1,935,275 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 224,900 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,160,175 Shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 3 OF 12 PAGES
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________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Delv, L.P.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
________________________________________________________________________________
NUMBER 7 SOLE VOTING POWER 750,000 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 0 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 750,000 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 0 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 750,000 Shares
________________________________________________________________________________
12 CHECK BOX 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* PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 4 OF 12 PAGES
-----------
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trust FBO Ellen B. Kurtzman under the 2002 Farber Children's Trusts
dated December 12, 2002
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
________________________________________________________________________________
NUMBER 7 SOLE VOTING POWER 0 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 750,000 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 0 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 750,000 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 750,000 Shares
________________________________________________________________________________
12 CHECK BOX 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* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
4
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 5 OF 12 PAGES
-----------
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trust FBO David M. Farber under the 2002 Farber Children's Trusts
dated December 12, 2002
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
________________________________________________________________________________
NUMBER 7 SOLE VOTING POWER 0 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 750,000 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 0 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 750,000 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 750,000 Shares
________________________________________________________________________________
12 CHECK BOX 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* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
5
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 6 OF 12 PAGES
-----------
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Jack Farber 2003 Irrevocable Trust dated December 15, 2003
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
________________________________________________________________________________
NUMBER 7 SOLE VOTING POWER 565,151 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 0 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 565,151 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 0 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 565,151 Shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
6
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 7 OF 12 PAGES
-----------
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
The Vivian Farber 2003 Irrevocable Trust dated December 15, 2003
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS OO
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
________________________________________________________________________________
NUMBER 7 SOLE VOTING POWER 351,042 Shares
OF
SHARES _________________________________________________________________
BENEFIC- 8 SHARED VOTING POWER 0 Shares
IALLY
OWNED BY
EACH _________________________________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER 351,042 Shares
PERSON
WITH _________________________________________________________________
10 SHARED DISPOSITIVE POWER 0 Shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 351,042 Shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON* OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
7
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 8 OF 12 PAGES
-----------
This Amendment No. 6 amends the Schedule 13D, as previously
amended, filed by Ellen B. Kurtzman, Delv, L.P. (the "Partnership"), Trust FBO
Ellen B. Kurtzman under The 2002 Farber Children's Trusts dated December 12,
2002 (the "EBK Trust"), Trust FBO David M. Farber under The 2002 Farber
Children's Trusts dated December 12, 2002 (the "DMF Trust," and together with
the EBK Trust, the "Children's Trusts"), The Jack Farber 2003 Irrevocable Trust
dated December 15, 2003 (the "Jack Farber Trust") and The Vivian Farber 2003
Irrevocable Trust dated December 15, 2003 (the "Vivian Farber Trust") with
respect to the common stock, par value $.10 per share ("Common Stock") of CSS
Industries, Inc., a Delaware corporation ("CSS").
Item 5. INTEREST IN SECURITIES OF THE ISSUER
------
Ellen B. Kurtzman may be deemed to beneficially own 2,160,175
shares of Common Stock (20.7 percent of the issued and outstanding Common Stock
of CSS, based upon information provided by CSS in its quarterly report on Form
10-Q for the quarter ended June 30, 2005 indicating that 10,458,565 shares of
Common Stock were issued and outstanding on July 20, 2005). Of that amount, she
has sole voting and investment power with regard to 1,935,275 shares and shared
voting and investment power with regard to 224,900 shares. The shares as to
which Ellen B. Kurtzman has sole voting and investment power are as follows:
o 83,667 shares of Common Stock owned directly.
o 136,776 shares of Common Stock held by the Farber
Family Charitable Lead Annuity Trust (the "Farber
Charitable Trust"), of which Ellen B. Kurtzman is
the sole trustee.
o 750,000 shares of Common Stock (7.2 percent of
the issued and outstanding Common Stock of CSS)
owned by the Partnership. Ellen B. Kurtzman
exercises voting and investment power over these
shares through Delv, Inc. (the "General
Partner"), a Delaware corporation and general
partner of the Partnership, which has the sole
voting and investment power with regard to the
shares of Common Stock owned by the Partnership.
One-half of the outstanding common stock of the
General Partner is held by each of the Children's
Trusts, for which Ellen B. Kurtzman serves as
sole trustee. As a result, the Children's Trusts
may be deemed to have shared voting and
investment power with regard to the 750,000
shares held by the Partnership. Ellen B. Kurtzman
also is the sole director of the General Partner
and serves as the President, Secretary and
Treasurer of the General Partner. In that
capacity, Ellen B. Kurtzman has the power to act
on behalf of the General Partner to vote and
dispose of shares held by the Partnership. The
General Partner holds a 0.1 percent interest in
the Partnership, and the remaining 99.9 percent
interest in the Partnership is owned by the 2003
Farber Family Trust (the "2003 Trust"), of which
Ellen B. Kurtzman is the sole trustee. Because
the limited partners of the Partnership, in their
capacity as limited partners, do not have power
8
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 9 OF 12 PAGES
-----------
to vote or dispose of the shares of Common Stock
held by the Partnership, the 2003 Trust is not
deemed to have voting or investment power with
respect to the Common Stock held by the
Partnership. The 2003 Trust does not otherwise
have voting or investment power with respect to
any shares of Common Stock.
o 565,151 shares (5.4 percent of the issued and
outstanding stock of CSS) held by the Jack Farber
Trust, of which Ellen B. Kurtzman is the sole
trustee and Jack Farber is the sole beneficiary.
o 351,042 shares held by the Vivian Farber Trust,
of which Ellen B. Kurtzman is the sole trustee
and Vivian Farber is the sole beneficiary.
Ellen B. Kurtzman may also be deemed to have sole voting and
investment power with respect to 48,639 shares held by the Farber Family
Foundation, Inc., a charitable foundation (the "Farber Family Foundation"). As a
matter of policy, the Farber Family Foundation does not vote the shares of
Common Stock that it owns. Ellen B. Kurtzman disclaims any beneficial ownership
in the shares held by the Farber Family Foundation.
In addition, Ellen B. Kurtzman shares voting and investment
power with respect to the following shares of common stock:
o 83,475 shares of Common Stock owned by trusts for
the benefit of two of her children, for which she
serves as co-trustee with her mother.
o 89,714 shares of Common Stock owned by two
trusts, one for the benefit of her son and one
for the benefit of her nephew, for which she
serves as co-trustee with her brother.
Ellen B. Kurtzman may also be deemed to share voting and
investment power with regard to 51,711 shares owned by the Farber Family
Foundation. Ellen B. Kurtzman, Jack Farber, her father, Vivian Farber, her
mother, and David M Farber, her brother, are members, officers and directors of
the Farber Family Foundation. As noted above, as a matter of policy, the Farber
Family Foundation does not vote the shares of Common Stock that it owns. Ellen
B. Kurtzman disclaims any beneficial ownership in the shares held by the Farber
Family Foundation. Additional information relating to Jack Farber, Vivian Farber
and David M. Farber is set forth in Appendix A to this schedule.
On August 15, 2005, the Jack Farber Trust contributed 100,000
shares of Common Stock to Jack Farber.
9
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 10 OF 12 PAGES
-----------
In addition, subsequent to the filing date of Amendment No. 5
to the Schedule 13D, the Farber Family Foundation sold an aggregate of 46,000
shares of Common Stock as follows:
NUMBER PRICE
DATE OF SALE OF SHARES PER SHARE ($)
------------- --------- -------------
June 27, 2005 2,000 33.00
June 27, 2005 1,000 33.03
June 27, 2005 2,000 33.05
July 5, 2005 5,000 33.20
July 11, 2005 4,100 34.70
July 11, 2005 900 34.73
July 18, 2005 3,500 35.70
July 19, 2005 1,500 36.00
July 25, 2005 100 36.80
July 26, 2005 2,500 35.75
July 26, 2005 100 35.76
July 26, 2005 100 35.63
July 26, 2005 1,200 35.60
July 26, 2005 1,000 35.80
August 1, 2005 2,800 37.37
August 1, 2005 900 37.38
August 1, 2005 1,000 37.40
August 1, 2005 200 37.50
August 2, 2005 1,000 37.14
August 2, 2005 500 37.15
August 2, 2005 500 37.22
August 2, 2005 100 37.30
August 8, 2005 100 36.35
August 9, 2005 6,900 36.29
August 15, 2005 2000 35.41
August 15, 2005 2000 35.50
August 16, 2005 500 35.92
August 16, 2005 1,500 35.93
August 16, 2005 500 35.95
August 16, 2005 500 35.97
The sales by the Farber Family Foundation listed in the table above
were effected in the public trading markets pursuant to a plan intended to
comply with Rule 10b5-1(c) under the Securities Exchange Act.
10
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 11 OF 12 PAGES
-----------
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
/s/ Ellen B. Kurtzman
----------------------------------------------
Ellen B. Kurtzman
DELV, L.P.
By: DELV, INC., its General Partner
By: /s/ Ellen B. Kurtzman
--------------------------------------
Ellen B. Kurtzman, President
TRUST FBO ELLEN B. KURTZMAN
UNDER THE 2002 FARBER CHILDREN'S
TRUSTS DATED DECEMBER 12, 2002
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
TRUST FBO DAVID M. FARBER UNDER
THE 2002 FARBER CHILDREN'S TRUSTS
DATED DECEMBER 12, 2002
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
THE JACK FARBER 2003 IRREVOCABLE
TRUST DATED DECEMBER 15, 2003
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
THE VIVIAN FARBER 2003 IRREVOCABLE
TRUST DATED DECEMBER 15, 2003
By: /s/ Ellen B. Kurtzman
------------------------------------------
Ellen B. Kurtzman, Trustee
Date: August 19, 2005
11
CUSIP NO. 125906 10 7 SCHEDULE 13D PAGE 12 OF 12 PAGES
-----------
APPENDIX A
Present principal occupation or
employment and name, principal
business and address of any
corporation or other organization in
Name Address which such employment is conducted
----------------------------- ----------------------------- -----------------------------------------------
Jack Farber CSS Industries, Inc. Chairman of the Board of Directors,
1845 Walnut Street CSS Industries, Inc. (the issuer - a
Philadelphia, PA 19103 manufacturer and seller of seasonal
and social expression products), 1845
Walnut Street, Philadelphia, PA 19103
Vivian Farber 3056 Miro Drive North Private investor
Palm Beach Gardens,
FL 33410
David M. Farber Marshall Auto Sales President, Marshall Auto Sales (an
6050 Old York Road automobile dealer), 6050 Old York
Philadelphia, PA 19141 Road, Philadelphia, PA 19141
During the last five years, none of the persons listed above have been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
During the last five years, none of the persons listed above was 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 mandatory
activities subject to, Federal or state securities laws or finding any violation
with respect to such laws.
All of the persons listed above are United States citizens.
12