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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ___________)1
Marlton Technologies, Inc.
(Name of Issuer)
Common Stock, par value $0.10 per share
(Title of Class of Securities)
CUSIP No. 571263102
(CUSIP Number)
March 3, 1999
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
Rule 13d-1(b)
X Rule 13d-1(c)
Rule 13d-1(d)
- --------
1 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 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).
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13G
===============================
CUSIP No. 571263102
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Lombard Associates
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
704,126
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
704,126
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
704,126
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8 %
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12 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 Pages
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13G
===============================
CUSIP No. 571263102
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Charles P. Stetson, Jr.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
704,126
------=========================================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 8 SHARED DISPOSITIVE POWER
704,126
- ---------======================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
704,126
- ---------======================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8 %
- ---------======================================================================
12 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8 Pages
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Item 1. Issuer
(a) Name of Issuer:
Marlton Technologies, Inc.
(b) Address of Issuer's Principal Executive Offices:
2828 Charter Road, Suite 101, Philadelphia, PA 19154
Item 2. Identity and Background.
A. Lombard Associates ("Lombard")
(a) Lombard Associates
(b) c/o Private Equity Investors, Inc.
115 East 62nd Street
New York, NY 10021
(c) N/A
(d) Common Stock, par value $0.10 per share (the "Shares")
(e) CUSIP No. 571263102
B. Charles P. Stetson, Jr. ("Stetson")
(a) Charles P. Stetson, Jr.
(b) c/o Private Equity Investors, Inc.
115 East 62nd Street
New York, NY 10021
(c) United States
(d)(e) The information set forth in (d) and (e) of Item 2(A) above is
incorporated herein.
With respect to the persons or entities listed above: (i) Lombard is
filing with respect to the Shares held by it and (ii) Stetson is filing with
respect to the Shares held by Lombard. (Lombard and Stetson shall collectively
be referred to hereafter as the "Reporting Persons"). As sole proprietor of
Lombard, a sole proprietorship, Stetson may be deemed to be the beneficial owner
of all of such Shares held by Lombard.
Page 4 of 8 Pages
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Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Exchange
Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [ ] An Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance with
Rule 13d-1(b)(ii)(F);
(g) [ ] A Parent Holding Company or Control Person in accordance with
Rule 13d-1(b)(ii)(G);
(h) [ ] A Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
Investment Company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [ X ]
Item 4. Ownership
(a) Amount Beneficially Owned:
The information set forth in Row (9) of the cover page hereto for
each Reporting Person is incorporated herein by reference for each
such Reporting Person.
(b) Percent of Class:
The information set forth in Row (11) of the cover page hereto for
each Reporting Person is incorporated herein by reference for each
such Reporting Person.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Page 5 of 8 Pages
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The information set forth in Row (5) of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(ii) shared power to vote or to direct the vote:
The information set forth in Row (6) of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(iii) sole power to dispose or to direct the disposition of:
The information set forth in Row (7) of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(iv) shared power to dispose or to direct the disposition of:
The information set forth in Row 8 of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
With respect to the persons or entities listed above: (i) Lombard is filing
with respect to the Shares held by it and (ii) Stetson is filing with respect to
the Shares held by Lombard. (Lombard and Stetson shall collectively be referred
to hereafter as the "Reporting Persons"). As sole proprietor of of Lombard, a
sole proprietorship, Stetson may be deemed to be the beneficial owner of all of
such Shares held by Lombard.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
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
Page 6 of 8 Pages
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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 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 7 of 8 Pages
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: March 11, 1999
LOMBARD ASSOCIATES
By: /s/ Charles P. Stetson, Jr.
Name: Charles P. Stetson, Jr. .
/s/ Charles P. Stetson, Jr.
Charles P. Stetson, Jr.
