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DRAFT
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 31, 1998
Marvel Entertainment Group, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-10779 94-3024816
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
387 Park Avenue South, New York, New York 10016
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(Address of principal executive office) (Zip Code)
(212) 696-0808
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(Registrant's telephone number including area code)
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(Former Name and Former Address, If Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On July 30, 1998, the Registrant issued a press release, a copy of which is
attached hereto as Exhibit 99.1, announcing that an agreement (the
"Agreement"), subject to court approval, has been reached among Toy Biz Inc.
("Toy Biz"), John J. Gibbons, Chapter 11 Trustee of the Registrant (the
"Trustee"), representatives of the Registrant's senior secured lenders (the
"Secured Lenders"), representatives of the Registrant's unsecured creditors
(the "Unsecured Creditors"), representatives of the Registrant's equityholders
(the "Equityholders") and certain other parties (the "Other Parties," and
together with the Trustee, Toy Biz, the Secured Lenders, the Unsecured
Creditors, the Equityholders, the "Consenting Parties") to support a revised
version of the plan of reorganization for the Registrant that was proposed by
Toy Biz and the Secured Lenders and confirmed on July 13, 1998 (the "Plan of
Reorganization") by the United States District Court for the District of
Delaware (the "District Court"), which has been administering the Registrant's
Chapter 11 bankruptcy cases. A copy of the operative documents, including (a)
the Plan of Reorganization, filed with the District Court on July 31, 1998 by
Toy Biz and the Secured Lenders, with attached exhibits (the "Fourth Amendment
Plan of Reorganization"), and (b) the Stipulation and Agreement Effecting
Consensual Amendment to the Third Amended Joint Plan of Reorganization Proposed
by the Secured Lenders and Toy Biz filed with the District Court on July 31,
1998 by the Consenting Parties, are attached hereto as Exhibit 2.1 and Exhibit
10.1, respectively. The Registrant issued a press release a copy of which is
attached hereto as Exhibit 99.2, announcing that an order was entered on July
31, 1998 by the District Court approving the Agreement and the Fourth Amended
Plan of Reorganization.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS.
2.1 Fourth Amended Plan of Reorganization filed with the United States
District Court for the District of Delaware on July 31, 1998 by the
secured lenders of the Registrant, with attached exhibits. Incorporated
by reference to Exhibit 2.1 of Form 8-K of Toy Biz, Inc. dated July 31,
1998.
10.1 Stipulation and Agreement Effecting Consensual Amendment to the Third
Amended Joint Plan of Reorganization Proposed by the Secured Lenders and
Toy Biz, Inc. filed with the District Court on July 31, 1998 by Toy Biz
and the secured lenders of Marvel. Incorporated by reference to Exhibit
10.1 of Form 8-K of Toy Biz, Inc. dated July 31, 1998.
99.1 Press release of the Registrant, dated July 30, 1998. Incorporated by
reference to Exhibit 99.1 of Form 8-K of Toy Biz, Inc. dated July 31,
1998.
99.2 Press release of the Registrant, dated July 31, 1998. Incorporated by
reference to Exhibit 99.2 of Form 8-K of Toy Biz, Inc. dated July 31,
1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this Current Report to be signed on
its behalf by the undersigned hereunto duly authorized.
MARVEL ENTERTAINMENT GROUP, INC.
(Registrant)
Dated July 31, 1998
By
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Name: John J. Gibbons
Title: Chapter 11 Trustee
