-----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, MaLcrNh+aDIrTKU0heHFmm0VU7BxkvJDfWWQ7elVHa8Bm8zgQLaa6/eMQE2CzylN 2Kgg+yxxjLCzC1H4yhM39g== 0000950116-01-501222.txt : 20020412 0000950116-01-501222.hdr.sgml : 20020412 ACCESSION NUMBER: 0000950116-01-501222 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011120 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARLTON TECHNOLOGIES INC CENTRAL INDEX KEY: 0000096988 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 221825970 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07708 FILM NUMBER: 1804410 BUSINESS ADDRESS: STREET 1: 2828 CHARTER RD STE 101 CITY: PHILADELPHIA STATE: PA ZIP: 19154 BUSINESS PHONE: 2156766900 MAIL ADDRESS: STREET 1: 2828 CHARTER RD CITY: PHILADELPHIA STATE: PA ZIP: 19154 FORMER COMPANY: FORMER CONFORMED NAME: TELESCIENCES INC DATE OF NAME CHANGE: 19880201 8-K 1 eight-k.txt 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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): November 20, 2001 MARLTON TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Charter) Pennsylvania 1-07708 22-1825970 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 2828 Charter Road Philadelphia, PA 19154 (Address of Principal Executive Offices) (215) 676-6900 Registrant's telephone number, including area code Item 5. Other Events. (a) On November 20, 2001, Marlton Technologies, Inc. ("Marlton"), changed its state of incorporation from New Jersey to Pennsylvania. The reincorporation was approved by the affirmative vote of the holders of more than two-thirds of the votes cast for the reincorporation proposal at Marlton's annual meeting held on November 7, 2001. The reincorporation was accomplished by merging Marlton with and into Marlton Technologies (PA), Inc., a Pennsylvania corporation and a wholly-owned subsidiary of Marlton, with Marlton Technologies (PA), Inc. surviving. In connection with the merger, Marlton Technologies (PA), Inc. changed its name to Marlton Technologies, Inc. Each share of common stock of the New Jersey company, par value $0.10 per share, was converted into one share of common stock, no par value, of the Pennsylvania company. This Form 8-K is being filed by the Pennsylvania company as a successor issuer as required by paragraph (f) of Rule 12g-3 under the Securities Exchange Act of 1934. Upon consummation of the reincorporation described above, the Pennsylvania company's common stock was deemed to be registered under Section 12(g) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 12g-3(a) promulgated thereunder. A copy of the press release regarding the reincorporation is attached hereto as Exhibit 99.1. (b) On November 20, 2001, the Company completed the sale to four investors - Scott Tarte ("Tarte"), Jeffrey Harrow ("Harrow"), Robert Ginsburg ("Ginsburg") and Alan Goldberg ("Goldberg") - of 5,300,000 shares of its common stock and 5,300,000 warrants to purchase shares of its common stock for an aggregate of $2,650,000. Following the sale, Tarte and Harrow now collectively own 31.0% of the outstanding shares of Company common stock, Ginsburg owns 8.4% of the outstanding shares of Company common stock, and Goldberg owns 3.1% of the outstanding shares of Company common stock, including other shares of Company common stock held by Harrow, Ginsburg and Goldberg. Additionally, if the investors exercise all of their warrants for the purchase of up to an additional 5,300,000 shares of Company common stock and Harrow exercises the options to purchase shares of Company common stock that he currently holds, Tarte and Harrow will collectively own approximately 44.0% of the issued and outstanding shares of Company common stock, Ginsburg will own approximately 11.4% of the issued and outstanding shares of Company common stock, and Goldberg will own approximately 3.9% of the issued and outstanding shares of Company common stock. In connection with the sale, the Company, Tarte, Harrow and Ginsburg entered into a Stockholders' Agreement whereby Tarte, Harrow and Ginsburg agree to vote their shares of Company common stock, in connection with election of directors, in favor of Ginsburg and that number of individuals as shall represent a majority of the Company's board of directors, which individuals shall be designated by Tarte and Harrow. A copy of the press release regarding the sale transaction is attached hereto as Exhibit 99.1. (c) As a result of these transactions, Seymour Hernes and Dr. William F. Hamilton resigned from the Company's board of directors and, in connection therewith, the Company's board of directors was expanded to seven directors and now consists of Jeffrey K. Harrow, Scott Tarte, A.J. Agarwal, Richard Vague, Fred Cohen, Robert Ginsburg and Alan Goldberg. Additional information regarding all of the above described transactions can be found in the Company's definitive proxy statement which was filed with the Securities and Exchange Commission on September 27, 2001 and is available through EDGAR. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. --------- 99 Press release dated November 20, 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 30, 2001 Marlton Technologies, Inc. By: /s/ Robert B. Ginsburg ---------------------------------- Robert B. Ginsburg President and Chief Executive Officer EXHIBIT INDEX Exhibit No. - ----------- 99 Press release dated November 20, 2001. EX-99 3 ex99.txt EX-99 Exhibit 99 Marlton Technologies Announces Closing of Reincorporation and Investment PHILADELPHIA--(BUSINESS WIRE)--Nov. 20, 2001--Marlton Technologies, Inc. (ASE:MTY) announced today that it completed the reincorporation of Marlton out of New Jersey and into Pennsylvania. As a result of this transaction, Marlton is now incorporated under the laws of Pennsylvania. Marlton also completed the sale to four investors for an aggregate of $2,650,000 of 5,300,000 shares of its common stock and 5,300,000 warrants to purchase shares of its common stock. As a result of these transactions, the Board of Marlton was expanded to seven directors and now consists of Jeffrey K. Harrow, Scott Tarte, A.J. Agarwal, Richard Vague, Fred Cohen, Robert Ginsburg and Alan Goldberg. In addition, Marlton entered into employment agreements with Jeffrey K. Harrow as Chairman of Marlton and with Scott Tarte as Vice Chairman of Marlton and as Chief Executive Officer of each of Marlton's operating subsidiaries. Messers. Harrow and Tarte each purchased $1,000,000 worth of the Marlton securities referred to above. These transactions were approved by over 95% of the shares that voted on these proposals at Marlton's Annual Meeting of Shareholders held on November 7, 2001 and are more fully described in Marlton's Proxy Statement dated September 27, 2001. Marlton Technologies, Inc., through its Sparks Exhibits & Environments and DMS Store Fixtures subsidiaries, is engaged in the design, marketing and production of trade show, museum, theme park and themed interior exhibits and store fixture and point of purchase displays, both domestically and internationally. This press release may contain forward-looking statements which are subject to change as a result of various factors, including without limitation, the Company's ability to generate sales and control costs, the availability of financing, the effects of competition, the effects of changes in the economy, and the effect of the events of September 11, 2001 on business travel, conventions and trade shows. Additional factors which could affect the Company are set forth in the Company's Forms 10-K and 10-Q which have been filed with the Securities and Exchange Commission. - ---------------------- Contact: Marlton Technologies, Inc. Alan I. Goldberg, 215/676-6900 -----END PRIVACY-ENHANCED MESSAGE-----