SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
MAREX.COM, INC.
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(Name of Issuer)
Common Stock, par value $.01 share
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(Title of Class of Securities)
566536 10 8
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(CUSIP Number)
John A. Fischer
150 South Fifth Street, Suite 2910
Minneapolis, Minnesota 55402
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 31, 2001
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(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box / /.
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7 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 (however, see
the Notes).
(Continued on following page(s))
CUSIP NO. 566536 10 8 13D PAGE 2 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
MARSHALL MAREX L.P./41-1964768
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF DELAWARE
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON (See Instructions)
LP
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CUSIP NO. 566536 10 8 13D PAGE 3 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
MARSHALL FINANCIAL GROUP, INC./41-1624808
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF MINNESOTA
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7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP NO. 566536 10 8 13D PAGE 4 OF 5 PAGES
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Item 4. Purpose of Transaction.
On or about December 31, 2001, the 384,614 shares of Marex.com, Inc.
(the "Issuer") Common Stock (the "Shares") beneficially owned by Marshall Marex
L.P. ("MMLP") were distributed to MMLP's limited partners, who are now,
individually, the beneficial owners of the Shares. Immediately thereafter,
Marshall Financial Group, Inc., the general partner and a limited partner of
MMLP, disposed of all of the Shares distributed to it.
MMLP and its general partner, Marshall Financial Group, Inc., have no
present plans or intentions that would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of Item 4 of Schedule
13D.
Item 5. Interest in Securities of Issuer
(a) MMLP acquired beneficial ownership of the Shares pursuant to the
terms of a Securities Purchase Agreement, dated as of March 2, 2000, by and
between the Issuer, MMLP and other purchasers named therein (a copy of which
Agreement was filed with MMLP's Schedule 13D on May 9, 2000), in which MMLP
purchased 50,000 shares of the Issuer's Series A1 Convertible Preferred Stock,
$.01 par value (the "Preferred Shares"). MMLP used contributions from its
partners to purchase the Preferred Shares which were immediately convertible
into 384,614 shares of Common Stock. The shares of Common Stock underlying the
Preferred Shares were registered on the Issuer's Registration Statement on Form
S-3 (SEC File No. 333-36276) on May 4, 2000.
(e) On or about December 31, 2001, MMLP ceased to be the beneficial
owner of more than five percent of the Issuer's Common Stock.
Item 7. Material to be Filed as Exhibits.
NONE
CUSIP NO. 566536 10 8 13D PAGE 5 OF 5 PAGES
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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: January 23, 2002.
MARSHALL MAREX L.P.
BY: MARSHALL FINANCIAL GROUP, INC.
By /s/ John A. Fischer
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John A. Fischer
Executive Vice President
MARSHALL FINANCIAL GROUP, INC.,
as General Partner of Marshall
Marex L.P.
By /s/ John A. Fischer
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John A. Fischer
Executive Vice President