UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Marvel Enterprises, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
57383M-10-8
- --------------------------------------------------------------------------------
(CUSIP Number)
John N. Turitzin
Battle Fowler LLP
75 East 55th Street
New York, New York 10022
(212) 856-6873
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
October 16, 1998
- --------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box .
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 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.
768993.1
<PAGE>
- ----------------------
CUSIP No. 57383M-10-8 SCHEDULE 13D
- ----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Avi Arad
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
None
-------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 33,001,201 (See Item 5)
BENEFICIALLY -------------------------------------------------------------------
OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 4,150,000
PERSON WITH -------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,001,201 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
71.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
768993.1
<PAGE>
- -----------------------
CUSIP No. 57383M-10-8 SCHEDULE 13D
- -----------------------
This Amendment No. 1 to Schedule 13D amends and supplements the
original Schedule 13D, dated October 13, 1998, which was filed with the
Securities and Exchange Commission (the "Commission") on October 13, 1998 on
behalf of Avi Arad with respect to the ownership of Common Stock of Marvel
Enterprises, Inc. (the "Company"). All capitalized terms not defined in this
amendment have the same meaning here as in the original 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
Item 6 is hereby amended and supplemented by adding the following:
On October 16, 1998, the Stockholders' Agreement was finalized and
delivered by the parties thereto. A copy of the Stockholders' Agreement is
attached hereto as Exhibit 1 and is incorporated herein by reference.
Item 7. Material to Be Filed as Exhibits.
Item 7 is hereby amended and restated to read as follows:
1 -- Stockholders' Agreement, dated as of October 1, 1998, by and among the
Investor Group, the Lender Group and the Company (incorporated by
reference to Exhibit 99.4 of the Company's Current Report on Form 8-K/A
(Commission File No. 1-13638) filed with the Commission on October 16,
1998).
768993.1
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: October 20, 1998
/s/ Avi Arad
------------------------
Avi Arad
768993.1
<PAGE>
