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Securities and Exchange Commission
Washington, D.C. 20549
_______________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 30, 1999
ORION ACQUISITION CORP. II
(Exact name of registrant as specified in its charter)
Delaware 0-20837
(State or other jurisdiction of incorporation) (Commission File No.)
100 Wilshire Boulevard, Suite 1750 90401
Santa Monica, California (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (310) 917 - 5656
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Item 1. Change in Control
On April 30, 1999, a group of stockholders owning 453,825
shares of Common Stock of Orion Acquisition Corp. II representing 50.99% of the
outstanding common stock took action by written consent to remove the then
directors and elect an entirely new board of directors. Immediately thereafter,
by unanimous consent of the new board of directors, new officers of Orion were
elected. The persons and their positions constituting the new board of directors
and executive officers are as follows:
Name Age Position
- ------------------- --- ---------
Christopher A. Marlett 34 Chairman of the Board, President and
Chief Executive Officer
Anthony DiGiandomenico 32 Chief Financial Officer, Treasurer and
Director
Dyana Williams Marlett 32 Chief Operating Officer, Secretary and
Director
James D. Bowyer 59 Director
William C. Fioretti 48 Director
The following is a brief biography of each of the new
directors and executive officers of Orion:
Christopher A. Marlett is a co-founder and member of MDB
Capital Group LLC ("MDB"), an investment banking firm formed in December 1996.
MDB is an NASD member broker-dealer which specializes in working with growth
oriented companies. Prior to forming MDB, Mr. Marlett was employed as a Managing
Director by Laidlaw Equities from May of 1995 to December of 1996 where he was
in charge of Laidlaw's West Coast investment banking activities. From March of
1991 to May of 1995 Mr. Marlett was affiliated with Drake Capital Securities
where he formed a division called Marlett/Mazzarella and directed all investment
banking activities of the division. Mr. Marlett holds a degree in Business
Administration from the University of Southern California.
Anthony DiGiandomenico is a co-founder and member of MDB, an
investment banking firm formed in December 1996. Mr. DiGiandomenico served as
President and CEO of the Digian Company from 1988 through 1996, a real estate
development company. Mr. DiGiandomenico is a candidate to become a Chartered
Financial Analyst (CFA) having passed Level 1 and holds a Bachelors of Science
Degree in Finance from the University of Colorado and a Masters in Business
Administration from the Haas Business School at the University of California,
Berkeley.
James D. Bowyer is a co-founder and member of MDB, an
investment banking firm formed in December 1996. Mr. Bowyer was employed at
Laidlaw Equities from August of 1995 to December of 1996. Mr. Bowyer's career
has spanned over thirty years in the securities industry focused on financing
and investing in growth companies. In 1976 Mr. Bowyer formed MacDonald, Krieger
& Bowyer a full service broker-dealer based in Beverly Hills, California, which
was subsequently sold in 1982. Mr. Bowyer then founded his own investment firm,
J.D. Bowyer & Co. which he operated from 1983 to 1995.
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Dyana Williams Marlett is a co-founder of MDB and acts as its
Chief Operating Officer. From March of 1995 to December of 1996, Ms. Marlett was
employed by Laidlaw Equities as a Vice President handling investment banking and
syndicate activities for the West Coast. From October of 1990 through March of
1995, Ms. Marlett was employed at Drake Capital Securities where she acted as
Syndicate Manager. Ms. Marlett holds several licenses with the National
Association of Securities Dealers. Ms. Marlett is the wife of Mr. Christopher
Marlett.
William C. Fioretti is the founder of Agritech Labs, and has
served as its president and a director since 1992. Agritech Labs is a research
and development company which concentrates on veterinary bio-pharmaceuticals.
Mr. Fioretti is also a founder of Mannatech Incorporated (NASDAQ:MTEX) a
publicly traded direct marketing company specializing in consumer health
products. Mr. Fioretti served Mannatech as the Chief Executive Officer from 1993
through 1996, as Chief Scientific Officer from 1996 through 1997 and a director
from inception until his retirement from Mannatech in November of 1997. Mr.
Fioretti completed his undergraduate education at Appalachian State University
from 1970-1974, completed his graduate training at the Medical University of
South Carolina from 1974-1978 and did post graduate training at the University
of Florida from 1978-1980.
The group of stockholders have reported their acquisition of
Common Stock on Schedule 13D the last amendment of which was filed April 30,
1999. None of the funds used to acquire any of the Common Stock owned by the
group was borrowed.
Item 7. Financial Statement and Exhibits
(a) The following documents are filed herewith as exhibits:
None
(b) Financial Statements
None
(c) Pro Forma Financial Information
None
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ORION ACQUISITION CORP. II
/s/ Dyana Williams Marlett
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Name: Dyana Williams Marlett
Title: Secretary
Date: April 30, 1999
