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OMB APPROVAL
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OMB NUMBER: 3235-0145
Expires: December 31, 2005
Estimated average burden
Hours per response... 11
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES ACT OF 1934
(AMENDMENT NO. 14)*
BERKSHIRE BANCORP INC.
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(NAME OF ISSUER)
COMMON STOCK, $.10 PAR VALUE
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(TITLE OF CLASS OF SECURITIES)
084597-10-3
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(CUSIP NUMBER)
Emanuel J. Adler
Blank Rome LLP
405 Lexington Avenue
New York, New York 10174
(212) 885-5000
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICE AND COMMUNICATIONS)
December 27, 2005
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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 SS.SS.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 SS.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 (HOWEVER, SEE THE
NOTES).
PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS
FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB
CONTROL NUMBER.
SEC 1746 (11-03)
Page 1 of 6 Pages
CUSIP NO. 084597-10-3
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1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY).
MOSES MARX
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) |X|
(B) |_|
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
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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 ORGANIZATION
UNITED STATES
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 3,559,693 (includes options to purchase 3,000 shares of
OWNED BY Common Stock)
EACH -----------------------------------------------------------------
REPORTING 8. SHARED VOTING POWER
PERSON
WITH -0-
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9. SOLE DISPOSITIVE POWER
3,559,693 (includes options to purchase 3,000 shares of
Common Stock)
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10. SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,559,693 (includes options to purchase 3,000 shares of Common Stock)
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
|X|
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.7%
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14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Page 2 of 6 Pages
CUSIP NO. 084597-10-3
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1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY).
MOMAR CORPORATION
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) |X|
(B) |_|
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
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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 ORGANIZATION
MARYLAND
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 285,000
OWNED BY -----------------------------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON -0-
WITH -----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
285,000
-----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,000
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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)
4.1%
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14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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Page 3 of 6 Pages
CUSIP NO. 084597-10-3
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1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY).
TERUMAH FOUNDATION, INC.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) |X|
(B) |_|
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
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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 ORGANIZATION
NEW YORK
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 641,163
OWNED BY -----------------------------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON -0-
WITH -----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
641,163
-----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
641,163
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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)
9.3%
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14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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Page 4 of 6 Pages
Item 2. Identity and Background.
(a) This Amendment No. 14 amends and supplements the Schedule 13D, as
amended and supplemented by Amendments Nos. 1 through 13, inclusive (the
"Schedule 13D"), of Moses Marx, an individual, and Momar Corporation, a
Maryland corporation ("Momar"), with respect to the Common Stock, $.10
par value ("Common Stock") of Berkshire Bancorp Inc., a Delaware
corporation (the "Company"), formerly known as Cooper Life Sciences,
Inc. Except as amended hereby, there has been no change in the
information contained in the Schedule 13D. Pursuant to Rule 13d-1(f)(1)
promulgated under the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), this Schedule 13D is being filed by Mr. Marx, Momar and
Terumah Foundation, Inc., a New York not-for-profit corporation (the
"Foundation"). The individual and entities hereinabove set forth
(collectively, the "Reporting Persons") are making this single, joint
filing because they may be deemed to constitute a "group" within the
meaning of Section 13d(d)(3) of the Exchange Act. Information regarding
Mr. Marx, Momar and the Foundation in response to Item 2 of Schedule 13D
has been previously submitted in prior filings of this Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) - (b)
According to the Company's Quarterly Report on Form 10-Q for the period
ended September 30, 2005, there were 6,886,556 shares of Common Stock
outstanding on November 4, 2005.
As of the date of this Amendment No. 14, Moses Marx beneficially owned
3,559,693 shares of Common Stock, representing 51.7% (calculated in
accordance with the instructions to Schedule 13D) of the issued and
outstanding shares of the Common Stock. Said securities consist of (i)
2,630,530 shares owned directly by Mr. Marx; (ii) 285,000 shares owned
of record by Momar Corporation ("Momar"); (iii) 641,163 shares owned of
record by the Foundation; and (iv) options to purchase 3,000 shares of
Common Stock. With respect to the shares described in clauses (ii) and
(iii), Mr. Marx may be deemed to be a beneficial owner of such shares by
virtue of his being the only person (in the case of the Foundation, by
voting together with his wife, Marga Marx, who together constitute six
of the ten votes on the Foundation's Board of Directors) in a position
to determine the investment and voting decisions of Momar and the
Foundation, respectively, with respect to such shares.
The foregoing does not include any of the 162,184 shares owned by Eva
and Esther, L.P., of which Mr. Marx has a 23.0% limited partnership
interest and of which Mr. Marx's daughters and their husbands are the
general partners.
(c) On December 27, 2005, Mr. Marx made a charitable donation of 250,000
shares of Common Stock to the Foundation. Other than as reported herein,
the Reporting Persons effected no transactions in the shares of Common
Stock of the Company during the last 60 days.
(d) Each of the Reporting Persons affirms that no person other than the
Reporting Persons has the right to receive, or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the Common
Stock owned by the Reporting Persons.
(e) It is inapplicable for the purposes hereof to state the date on
which the Reporting Persons ceased to be the owners of more than five
percent of the Common Stock.
Page 5 of 6 Pages
SIGNATURE
After reasonable inquiry, and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Date: December 29, 2005
/s/ Moses Marx
---------------------------------
MOSES MARX
MOMAR CORPORATION
By: /s/ Moses Marx
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Name: Moses Marx
Title: President
TERUMAH FOUNDATION, INC.
By: /s/ Philippe D. Katz
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Name: Philippe D. Katz
Title: Secretary
Page 6 of 6 Pages