-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QFCca0MHmal2O2nZ8dx+whply78JTS/acmeKbZp18kvI3WxsrfZUDkIe68vRuraf Pop19QVGbRo40a4vdWY1ag== 0001144204-04-006525.txt : 20040513 0001144204-04-006525.hdr.sgml : 20040513 20040513162817 ACCESSION NUMBER: 0001144204-04-006525 CONFORMED SUBMISSION TYPE: 10KSB/A PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20031231 FILED AS OF DATE: 20040513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORION ACQUISITION CORP II CENTRAL INDEX KEY: 0001011835 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 133863260 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10KSB/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20837 FILM NUMBER: 04803336 BUSINESS ADDRESS: STREET 1: 401 WILSHIRE BOULEVARD STREET 2: SUITE 1020 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 310-526-5000 MAIL ADDRESS: STREET 1: 401 WILSHIRE BOULEVARD STREET 2: SUITE 1020 CITY: SANTA MONICA STATE: CA ZIP: 90401 10KSB/A 1 x10ksba-504.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-KSB/A /X/ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: December 31, 2003 / / Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________to ______________ Commission File Number 0-20837 ORION ACQUISITION CORP. II (Name of Small Business Issuer in Its Charter) DELAWARE 13-3863260 (State of Incorporation) (Small Business Issuer I.R.S. Employer I.D. Number) 401 WILSHIRE BOULEVARD - STE. 1020 90401 SANTA MONICA, CA (zip code) (Address of principal executive offices) (310) 526-5000 (Issuer's Telephone Number, Including Area Code) SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: None SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: Common Stock, $.01 par value per share Redeemable Class B Unit Purchase Warrants Check whether the Issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirement for the past 90 days. Yes [X] No [ ] Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B is not contained in this form, and no disclosure will be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. |__| Issuer's revenues for the fiscal year ended December 31, 2003 were $-0-. As of March 15, 2004, the aggregate market value of the common stock held by non-affiliates of the Registrant was approximately $918,239. As of March 15, 2004, there were 1,030,907 shares of Common Stock, $.01 par value per share, outstanding. Transitional Small Business Disclosure Format (check one): Yes [ ] No [X] Documents Incorporated by Reference: None. ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL CHANGES. None. ITEM 8A. CONTROL AND PROCEDURES An evaluation of the effectiveness of our disclosure controls and procedures as of December 31, 2003 was made under the supervision and with the participation of our management, including our chief executive officer and chief financial officer. Based on that evaluation, they concluded that our disclosure controls and procedures are effective as of the end of the period covered by this report to ensure that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms. Subsequent to the date of this evaluation, there were no significant changes in our internal controls over financial reporting that has materially affected, or is reasonably likely to materially affect our internal controls over financial reporting. ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information as of March 15, 2004 based on information obtained from the persons named below. It states the beneficial ownership of shares of the common stock by (i) each person known to be the owner of more than 5% of the outstanding shares of common stock, (ii) each director and (iii) all executive officers and directors as a group. Amount and Nature Percent Name of Beneficial Owner of Beneficial Ownership of Class(1) - ------------------------ ----------------------- ----------- Christopher A. Marlett(2) 256,000(3) 23.8% Anthony DiGiandomenico(2) 81,025(4) 7.6% Dyana Williams Marlett(2) 38,000(5) 3.7% Topix, Inc.(6) 70,000 6.8% All directors and executive officers as a group (five persons) 375,025(7) 36.4% _____________________ (1) Percentage includes all outstanding shares of Common Stock plus any shares of common stock that the person has the right to acquire within 60 days pursuant to options, warrants, conversion privileges or other rights. (2) Each person's address is care of the Company at 401 Wilshire Boulevard, Santa Monica, California 90401. (3) Excludes 10,000 Class B Warrants which are not exercisable until consummation by Orion of its first business combination, which is estimated to be more than 60 days after March 15, 2004. (4) Includes 3,000 shares held in an individual retirement account. 2 (5) Includes 3,000 shares held in custodian accounts. (6) The address of Topix, Inc. is 401 Wilshire Boulevard, Santa Monica, California 90401. Excludes 57,500 shares of common stock that may be acquired by Topix under 57,000 Class B Warrants which are not currently exercisable. (7) See Notes 3, 4 and 5above. Orion does not have any equity compensation plans that have or required shareholder approval. Orion will consider adopting an equity compensation plan and other equity based compensation for executives on an individual basis in the future in connection with an acquisition. At such time, Orion will obtain the required approvals. ITEM 13. EXHIBITS, LIST AND REPORTS ON FORM 8-K (a) Exhibits 3.1 Amended and Restated Certificate of Incorporation of the Registrant (Exhibit 3.1)(1) 3.2 Amendment dated October 22, 1999 to Amended and Restated Certificate of Incorporation (Exhibit 3.2)(2) 3.3 By-laws of the Registrant (Exhibit 3.2)(1) 4.1 Warrant Agency Agreement between American Stock Transfer & Company and the Registrant (Exhibit 4.2)(1) 4.2 Form of Common Stock Certificate of Registrant (Exhibit 4.1)(1) 4.3 Form of Class B Unit Purchase Agreement of the Registrant (Exhibit 4.4)(1) 4.4 Form of Class A Common Stock Purchase Warrant Certificate of the Registrant (Exhibit 4.3)(1) 10.1 License Agreement, dated August 25,1995, between Bright Capital, Ltd. and the Company (Exhibit 10.3)(1) 10.2 Management Unit Purchase Option Plan (Exhibit 10.4)(1) 10.3 Secured Promissory Note of Citadel Inc.(4) 10.4 Security Agreement between Registrant and Citadel Media Inc.(4) 16.1 Letter from BDO Seidman, LLP dated December 7, 2000 (Exhibit 16.1) (3) 31.1 Forms of Certification Pursuant to Rule 13a-14 and 15d-14 under the Securities and Exchange Act of 1934, as Amended. (Previously filed) 31.2 Forms of Certification Pursuant to Rule 13a-14 and 15d-14 under the Securities and Exchange Act of 1934, as Amended. (Filed herewith) 32.1 Certifications Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (Previously filed) 3 32.2 Certifications Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (Filed herewith) ________________________ (1) Incorporated by referenced from Registration Statement 33-03252 (2) Incorporated by reference from Registrant's Annual Report on Form 10-KSB for the year ended December 31, 1999 (3) Incorporated by reference from Registrant's Report on Form 8-K/A filed on December 8, 2000 (4) Incorporated by reference from Registrant's Report on Form 8-K filed December 9, 2003. (b) Reports on Form 8-K None 4 SIGNATURES Pursuant to the requirements of the Section 13 or 15 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this amendment to the report to be signed on its behalf by the undersigned, thereunto duly authorized on the 13th day of May 2004. ORION ACQUISITION CORP. II By: /s/ Christopher A. Marlett ----------------------------- Christopher A. Marlett Chairman of the Board and Chief Executive Officer 5 EX-31.1 2 ex31_1-504.txt EXHIBIT 31.1 FORM OF CERTIFICATION PURSUANT TO RULE 13A-14 AND 15D-14 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED CERTIFICATIONS I, Christopher A. Marlett, certify that: 1. I have reviewed this annual report on Form 10-KSB, as amended, of Orion Acquisition Corp II; 2. Based on my knowledge, this annual report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have: (a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and (c) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. 5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting. Date: May 13, 2004 /s/ Christopher A. Marlett ------------------------------- Name: Christopher A. Marlett Title: President and Chief Executive Officer EX-31.2 3 ex31_2-504.txt EXHIBIT 31.2 FORM OF CERTIFICATION PURSUANT TO RULE 13A-14 AND 15D-14 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED CERTIFICATIONS I, Anthony DiGiandomenico, certify that: 1. I have reviewed this annual report on Form 10-KSB, as amended, of Orion Acquisition Corp II; 2. Based on my knowledge, this annual report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have: (a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and (c) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. 5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting. Date: May 13, 2004 /s/ Anthony DiGiandomenico ---------------------------------- Name: Anthony DiGiandomenco Title: Chief Financial Officer EX-32.1 4 ex32_1-504.txt EXHIBIT 32.1 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Orion Acquisition Corp. II (the "Company") on Form 10-KSB, as amended, for the period ended December 31, 2003 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: 1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and 2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. May 13, 2004 By: /s/ Christopher A. Marlett ------------------------------------ Christopher A. Marlett President and Chief Executive Officer EX-32.2 5 ex32_2-504.txt EXHIBIT 32.2 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Orion Acquisition Corp. II (the "Company") on Form 10-KSB, as amended, for the period ended December 31, 2003 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: 1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and 2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. May 13, 2004 By: /s/ Anthony DiGiandomenico ------------------------------ Anthony DiGiandomenico Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----