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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Marlton Technologies, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
571263102
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
--------------------------------------------------------------------------------
(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)
* 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 ("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).
Page 1 of 8 Pages
13G
===================
CUSIP No. 571263102
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Lombard Associates
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [ ]
(b) [ X ]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
N/A
------------====================================================================
5 SOLE VOTING POWER
NUMBER OF -0-
--------------===========================================
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 785,226
--------------===========================================
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON WITH --------------===========================================
SHARED DISPOSITIVE POWER
8
785,226
------------====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
785,226
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
OO
------------====================================================================
Page 2 of 8 Pages
13G
===================
CUSIP No. 571263102
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Charles P. Stetson, Jr.
------------====================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [ ]
(b) [ X ]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
------------====================================================================
5 SOLE VOTING POWER
NUMBER OF -0-
--------------===========================================
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 785,226
--------------===========================================
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON WITH --------------===========================================
SHARED DISPOSITIVE POWER
8
785,226
------------====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
785,226
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.1%
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN
------------====================================================================
Page 3 of 8 Pages
This Amendment No. 1 to Schedule 13G amends the Schedule 13G initially
filed on March 12, 1999 (collectively, with all amendments thereto, the
"Schedule 13G").
Item 1. Issuer
------
(a) Name of Issuer:
--------------
Marlton Technologies, Inc.
(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
2828 Charter Road, Suite 101, Philadelphia, Pennsylvania 19154
Item 2. Identity and Background
-----------------------
Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))
----------------------------------------------------------------
This statement relates to shares of Common Stock, no par value (the
"Shares"), of the Company. The CUSIP number of the Shares is 571263102.
Name Of Persons Filing, Address Of Principal Business Office And
-----------------------------------------------------------------------
Citizenship (Item 2(a), (b) and (c))
------------------------------------
This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
A. Lombard Associates ("Lombard")
------------------------------
(a) Lombard Associates, a sole proprietorship, with
respect to the Shares held by it.
(b) c/o Private Equity Investors, Inc.
115 East 62nd
Street New York, NY 10021
(c) N/A
B. Charles P. Stetson, Jr. ("Stetson")
-----------------------------------
(a) Charles P. Stetson, Jr., sole proprietor of Lombard,
with respect to the Shares held by Lombard.
(b) c/o Private Equity Investors, Inc.
115 East 62nd
Street New York, NY 10021
(c) United States
Page 4 of 8 Pages
Item 3. If This Statement Is Filed Pursuant To Sections 240.13d-1(b) or
-----------------------------------------------------------------------
240.13d-2(b) or (c), Check Whether The Person Filing Is An Entity
-----------------------------------------------------------------------
Specified in (a) - (j):
----------------------
Not Applicable.
If This Statement Is Filed Pursuant To Section 240.13d-1(c), Check This
-----------------------------------------------------------------------
Box. [X]
---
Item 4. Ownership
---------
The information required by Items 4(a) - (c) and set forth in Rows 5
through 11 of the cover page for each Reporting Person hereto is incorporated
herein by reference for each such Reporting Person
The Shares reported hereby for Lombard are owned directly by Lombard.
Stetson, as sole proprietor of Lombard, may be deemed to be the beneficial owner
of all such Shares held by Lombard. Stetson hereby disclaims any beneficial
ownership of any such Shares.
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
------------------------------
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 5 of 8 Pages
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: February 17, 2004
LOMBARD ASSOCIATES
By: /s/ Charles P. Stetson, Jr.
-------------------------------
Name: Charles P. Stetson, Jr.
/s/ Charles P. Stetson, Jr.
----------------------------
Charles P. Stetson, Jr.
Page 6 of 8 Pages
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to
Section 240.13D-(f)(1)
Page 7 of 8 Pages
EXHIBIT 1
to
SCHEDULE 13G
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13D-(f)(1)
----------------------------------
The undersigned acknowledge and agree that the foregoing statement on Schedule
13G is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13G shall be filed on behalf of each of
the undersigned without the necessity of filing additional joint acquisition
statements. The undersigned acknowledge that each shall be responsible for the
timely filing of such amendments, and for the completeness and accuracy of the
information concerning him, her or it contained therein, but shall not be
responsible for the completeness and accuracy of the information concerning the
other entities or persons, except to the extent that he, she or it knows or has
reason to believe that such information is inaccurate.
Dated: February 17, 2004
LOMBARD ASSOCIATES
By: /s/ Charles P. Stetson, Jr.
-------------------------------
Name: Charles P. Stetson, Jr.
/s/ Charles P. Stetson, Jr.
---------------------------
Charles P. Stetson, Jr.
Page 8 of 8 Pages