SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 2)
MAREX, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
566536 10 8
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(CUSIP Number)
Mary P. McConnell
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Genmar Holdings, Inc.
2900 IDS Center
80 South Eighth Street
Minneapolis, Minnesota 55402
(612) 339-7600
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 8, 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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box: |_|
Note. Schedule filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 3 Pages)
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CUSIP No. 566536 10 8 13D Page 2 of 3 Pages
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1 NAMES OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GENMAR HOLDINGS, INC.
IRS NO. 41-1778106
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |_| (a)
|_| (b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX 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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NUMBER OF SHARES BENEFICIALLY OWNED BY 7 SOLE VOTING POWER
EACH REPORTING PERSON WITH
153,846 shares
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8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
153,846 shares
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
153,846 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.09%
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14 TYPE OF REPORTING PERSON*
CO
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This Amendment No. 2 ("Amendment No. 2") amends the statement of beneficial
ownership on Schedule 13D ("Schedule 13D") filed on May 5, 2000, as amended, by
Genmar Holdings, Inc. ("Genmar") with respect to its beneficial ownership of
Common Stock, par value $.01 per share (the "Common Stock"), of Marex, Inc. (the
"Issuer").
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) On August 8, 2001, Genmar and the Issuer terminated their Strategic
Relationship Agreement, dated as of April 26, 2000, and warrants to purchase up
to an aggregate of 2,937,337 shares of the Issuer's Common Stock, which the
Issuer had issued to Genmar in connection with the Strategic Relationship
Agreement. The termination was effective as of June 30, 2001. As of the date
hereof, Genmar owns of record and beneficially 20,000 shares of the Issuer's
Preferred Stock. In addition, Genmar may be deemed to beneficially own 153,846
shares of Common Stock into which the shares of Preferred Stock are currently
convertible. Both the number of shares of Common Stock into which shares of
Preferred Stock are convertible and the conversion price are subject to
adjustment. Upon the completion by the Issuer of an underwritten offering
meeting certain criteria, all outstanding shares of Preferred Stock will convert
automatically into shares of Common Stock.
As a result of the termination of the Strategic Relationship Agreement and the
warrants, on August 9, 2001, Genmar ceased to be the beneficial owner of more
than five percent (5%) of any equity security of the Issuer which is registered
pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.
(b) Genmar has the sole power to vote and the sole power to dispose of all
shares of Common Stock beneficially owned by it.
(c) No person named in paragraph (a) above has effected a transaction in the
Issuer's securities during the past 60 days.
(d) No other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds of the sale of, the subject
securities.
(e) Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and correct.
August 16, 2001
GENMAR HOLDINGS, INC.
By: /s/ Mary P. McConnell
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Name: Mary P. McConnell
Title: Senior Vice President and General Counsel
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