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UNITED STAES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.____________)
Marvel Enterprises Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
57383M108
- --------------------------------------------------------------------------------
(CUSIP Number)
Bruce Bromberg
Morgan Stanley Dean Witter & Co.
1585 Broadway
New York, NY 10036
(212) 761-4000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 1, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [X].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filed 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 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).
(Continued on following page(s))
<PAGE>
Cusip No. 57383M108 13D Page 2 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Dean Witter & Co.
IRS #39-314-5972
- --------------------------------------------------------------------------------
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
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER **
EACH 5,470,622
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,470,622
- ---=----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,470,622
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.09%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** The Reporting Person has agreed in principal to a
Stockholders' Agreement where shared voting power with the
signatories will equal 33,002,000 shares, or 71% of the
issuer.
<PAGE>
Cusip No. 57383M108 13D Page 3 of 7 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
Morgan Stanley & Co. Incorporated
IRS # 13-265-5996
- --------------------------------------------------------------------------------
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
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER **
EACH 4,020,792
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,020,792
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,020,792
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.09%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** The Reporting Person has agreed in principal to a
Stockholders' Agreement where shared voting power with the
signatories will equal 33,002,000 shares, or 71% of the
issuer.
<PAGE>
Cusip No. 57383M108 13D Page 4 of 7 Pages
Item 1. Security and Issuer
The class of equity securities to which this statement relates is the
common shares (the "Common Shares"), of Marvel Enterprises Inc., a
Delaware corporation (the "Issuer"). The principal executive offices
of the Issuer are located at 685 Third Avenue, New York, NY 10017.
Item 2. Identity and Background
(a) Morgan Stanley Dean Witter & Co. is (e) an Investment Adviser
registered under Section 203 of the Investment Advisers Act
of 1940.
(b) Morgan Stanley & Co., Incorporated is (a) a Broker
Dealer registered under section 15 of the Securities
Exchange Act of 1934.
Item 3. Source and Amount of Funds or Other Consideration
The common shares were received in connection with the reorganization
under Chapter 11 of Marvel Entertainment Group, Inc.. Morgan Stanley &
Co. Incorporated and Morgan Stanley Dean Witter & Co., or funds
managed by units thereof, were senior lenders to Marvel Entertainment
Group, Inc. and received the common shares in exchange for the loans.
Item 4. Purpose of Transaction
See Item 3 above.
Item 5. Interest in Securities of the Issuer
Once the Stockholder's Agreement is executed the Reporting Persons may
be deemed to beneficially own an aggregate of 33,002,000 shares of
Common Stock, representing approximately 71% of the outstanding Common
Stock as members of the 13(d) Group (as defined below).
To the best of the Reporting Persons' knowledge, Avi Arad own
4,150,000 shares of Common Stock; the Dickstein Entities (consisting
of Dickstein & Co., L.P., Dickstein Focus Fund L.P., Dickstein
International Limited, Elyssa Dickstein, Jeffrey Schwarz and Alan
Cooper as Trustees U/T/A/D 12/27/88, Mark Dickstein, Grantor, Mark
Dickstein and Elyssa Dickstein, as Trustees of The Mark and Elyssa
Dickstein Foundation and Elyssa Dickstein) own 2,315,188 shares of
Common Stock and 3,658,061 shares of Preferred Stock; the Perlmutter
Entities (consisting of Isaac Perlmutter, Isaac Perlmutter T.A., The
Laura & Isaac Perlmutter Foundation, Inc., Object Trading Corp., Zib
Inc.) own 9,539,500 shares of Common Stock and 3,492,852 shares of
Preferred Stock (the Perlmutter Entities together with Avi Arad and
the Dickstein Entities, the "Investor Group"), Whippoorwill
Associates, Incorporated ("Whippoorwill") owns 1,350,404 shares of
Common Stock and 2,021,581 shares of Preferred Stock, which numbers
exclude 74,384 shares of Common Stock and 44,857 shares of Preferred
Stock owned by Whippoorwill that are not subject to the Stockholders'
Agreement (as defined herein), and Chase Manhattan Bank ("CMB") owns
1,288,778 shares of Common Stock and 777,202 shares of Preferred
Stock, (the Reporting Person, Whippoorwill and CMB together, the
"Lender Group," and collectively with the Investor Group and the
Reporting Person, the "13(d) Group"). The above information with
respect to each of the members of the 13(d) Group, other than with
respect to the Reporting Persons, was provided by the respective
member of the 13(d) Group and was not independently verified by the
Reporting Persons. The Reporting Persons do not have any pecuniary
interest nor do they have any dispositive power over the shares of
Capital Stock owned by the other members of the 13(d) Group. Morgan
Stanley & Co. Incorporated is a party to the Stockholders' Agreement
and reference is made to Item 7 with respect to the terms thereof. The
Reporting Persons may be deemed to share power to vote or direct the
vote with respect to all the shares of Capital Stock owned by the
other members of the 13(d) Group solely as a result of Morgan Stanley
& Co. Incorporated's participation in the Stockholders' Agreement.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Pursuant to the proposed Stockholders Agreement, Morgan Stanley & Co.
Incorporated and Morgan Stanley Dean Witter & Co., or units thereof,
("MSDW") are part of a group of shareholders which has agreed to vote
as a group for Board members and committee memberships of the Issuer.
Morgan Stanley & Co. Incorporated has designated an employee to be
elected as a member of the Board of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit "A" - Stockholders agreement (to be filed by amendment).
<PAGE>
Cusip No. 57383M108 13D Page 5 of 7 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: October 13, 1998
Signature: /s/ Bruce Bromberg
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Name/Title Bruce Bromberg / Vice President Morgan Stanley & Co., Incorporated
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MORGAN STANLEY DEAN WITTER & CO.
Date: October 13, 1998
Signature: /s/ Bruce Bromberg
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Name/Title Bruce Bromberg / Vice President Morgan Stanley & Co., Incorporated
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MORGAN STANLEY & CO., INCORPORATED
INDEX TO EXHIBITS PAGE
----------------- ----
EXHIBIT 1 Agreement to Make a Joint Filing 6
EXHIBIT 2 Secretary's Certificate Authorizing Bruce Bromberg 7
to Sign on behalf of Morgan Stanley Dean Witter & Co.
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
(022597DTI)
<PAGE>
CUSIP No. 57383M108 13-G Page 6 of 7 Pages
EXHIBIT 1 TO SCHEDULE 13D
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OCTOBER 13, 1998
---------------------------------------------------
MORGAN STANLEY DEAN WITTER & CO. and MORGAN STANLEY & CO.,
INCORPORATED hereby agree that, unless differentiated, this
Schedule 13D is filed on behalf of each of the parties.
MORGAN STANLEY DEAN WITTER & CO.
BY: /s/ Bruce Bromberg
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Bruce Bromberg / Vice President Morgan Stanley & Co., Incorporated
MORGAN STANLEY & CO., INCORPORATED
BY: /s/ Bruce Bromberg
--------------------------------------------------------------------
Bruce Bromberg / Vice President Morgan Stanley & Co., Incorporated
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
<PAGE>
Page 7 of 7 Pages
EXHIBIT 2 ------------------
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary of
Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that as approved by a Unanimous Consent of Directors in Lieu of a Meeting dated
as of May 31, 1997, the following persons are each authorized to sign reports
to be filed under Sections 13 and 16 of the Securities Exchange Act of 1934 on
behalf of the Corporation, and such authorizations are in full force and
effect as of this date:
Stuart J.M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of
the Corporation as of the 3rd day of June, 1997.
/s/ Charlene R. Herzer
------------------------
Charlene R. Herzer
Assistant Secretaty
(120496DTI)
