UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
Ault, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
051503100
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(CUSIP Number)
December 31, 2004
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which Schedule is
filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
SCHEDULE 13G
CUSIP NO.: 051503100
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1 NAME OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Weeden & Co., LP
EID: 13-3364318
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
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NUMBER OF 5 SOLE VOTING POWER
319,700
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
319,700
REPORTING
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PERSON WITH: 8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
319,700 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.7%
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12 TYPE OF REPORTING PERSON
BD
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PAGE 2 OF 6 PAGES
SCHEDULE 13G
ITEM 1.
(a) Name of Issuer
Ault, Inc.
(b) Address of Issuer's Principal Executive Offices:
7105 Northland Terrace
Minneapolis, MN 55428-1028
ITEM 2.
(a) Name of Persons Filing
Weeden & Co., LP
(b) Address of Principal Business Office or, if none, Residence
145 Mason Street
Greenwich, CT 06830
(c) Citizenship
Delaware Limited Partnership
(d) Title of Class of Securities
Ault Inc. Common Stock
(e) CUSIP Number
051503100
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13D-1(B)
OR SECTIONS 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING
IS A:
(a) [X] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with Sections
240.13d-1(b)(1)(ii)(E);
PAGE 3 OF 6 PAGES
(f) [ ] An employee benefit plan or endowment fund in accordance with
Sections 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Sections 240.13d-1(b)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Sections 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: See the response(s) to Item 9 on
the attached cover page(s).
(b) Percent of class: See the response(s) to Item 11 on the
attached cover page(s).
(c) Number of shares as to which the Reporting Person has:
(i) Sole power to vote or direct the vote: See the
response(s) to Item 5 on the attached cover page(s).
(ii) Shared power to vote or direct the vote: See the
response(s) to Item 6 on the attached cover page(s).
(iii) Sole power to dispose or direct disposition of: See the
response(s) to Item 7 on the attached cover page(s).
(iv) Shared power to dispose or direct disposition of: See
the response(s) to Item 8 on the attached cover page(s).
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
PAGE 4 OF 6 PAGES
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
PAGE 5 OF 6 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: January 10, 2005
By: /s/ Robert A. Cervoni
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Name: Robert A. Cervoni
Title: Chief Financial Officer
Managing Director
PAGE 6 OF 6 PAGES