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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
THEGLOBE.COM, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
88335R101
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(CUSIP Number)
DONALD E. THOMPSON, II, ESQ.
PROSKAUER ROSE LLP
2255 GLADES ROAD, SUITE 340W
BOCA RATON, FLORIDA 33431
(561) 241-7400
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 30, 2005
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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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), 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(b) for other
parties to whom copies are to be sent.
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* 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 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).
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CUSIP No. 88335R101 13D Page 2 of 12 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS E&C Capital Partners, LLLP 2006
Intangible Irrevocable Trust
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS* PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
7 SOLE VOTING POWER
-0-
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY 72,469,012
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH 72,469,012
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,469,012
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.8%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
00
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 88335R101 13D Page 3 of 12 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS Robin Segaul Lebowitz, Trustee (1)
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS* PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
7 SOLE VOTING POWER
-0-
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY 136,299,497 (2)
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH 136,299,497 (2)
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
136,299,497 (2)
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.3% (2)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) This Schedule 13D does not include 1,033,153 shares underlying options
which are beneficially owned by Ms. Lebowitz in her individual capacity.
(2) Represents (i) 6,000,000 shares of common stock held by E&C Capital
Partners II, LLLP 2006 Intangible Irrevocable Trust ("E&C II Trust"), (ii)
10,000,000 shares of common stock held by the Egan Family GRATS 2006
Intangible Irrevocable Trust (the "GRATS Trust"), (iii) 38,469,012 shares
of Common Stock of the Issuer held by E&C Capital Partners, LLLP 2006
Intangible Irrevocable Trust ("E&C Trust"); (iv) 3,527,337 shares of Common
Stock of the Issuer held by the S. Jacqueline Egan 2006 Intangible
Irrevocable Trust; (v) 2,000,000 shares of Common Stock of the Issuer held
by the Nantucket 2006 Intangible Irrevocable Trust; (vi) 8,303,148 shares
of Common Stock of the Issuer held by the Dancing Bear Investments, Inc.
2006 Intangible Irrevocable Trust, (vii) 34,000,000 shares of Common Stock
of the Issuer issuable upon the conversion of a convertible promissory note
held by the E&C Trust and (viii) 34,000,000 shares of Common Stock of the
Issuer issuable upon the conversion of a convertible promissory note held
by the E&C II Trust.
CUSIP No. 88335R101 13D Page 4 of 12 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS Dennis D. Smith,Trustee (1)
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS* PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
7 SOLE VOTING POWER
-0-
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY 136,299,497 (2)
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH 136,299,497 (2)
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
136,299,497 (2)
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.3% (2)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------
(1) This Schedule 13D does not include 240,000 shares beneficially owned by Mr.
Smith in his individual capacity.
(2) Represents (i) 6,000,000 shares of common stock held by E&C Capital
Partners II, LLLP 2006 Intangible Irrevocable Trust ("E&C II Trust"), (ii)
10,000,000 shares of common stock held by the Egan Family GRATS 2006
Intangible Irrevocable Trust (the "GRATS Trust"), (iii) 38,469,012 shares
of Common Stock of the Issuer held by E&C Capital Partners, LLLP 2006
Intangible Irrevocable Trust ("E&C Trust"), (iv) 3,527,337 shares of Common
Stock of the Issuer held by the S. Jacqueline Egan 2006 Intangible
Irrevocable Trust; (v) 2,000,000 shares of Common Stock of the Issuer held
by the Nantucket 2006 Intangible Irrevocable Trust, (vi) 8,303,148 shares
of Common Stock of the Issuer held by the Dancing Bear Investments, Inc.
2006 Intangible Irrevocable Trust, (ii) 34,000,000 shares of Common Stock
of the Issuer issuable upon the conversion a promissory note held by the
E&C Trust and (viii) 34,000,000 shares of Common Stock of the Issuer
issuable upon the conversion of a convertible promissory note held by the
E&C II Trust.
________________________________________________________________________________
ITEM 1. SECURITY AND ISSUER
This Schedule 13D ("Schedule 13D") relates to common stock, par value
$.001 ("Common Stock"), of theglobe.com, inc., a Delaware corporation (the
"Issuer" or the "Company"). The principal executive offices of the Issuer are
located at 110 East Broward Blvd., Suite 1400, Fort Lauderdale, Florida 33301.
________________________________________________________________________________
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c) This Schedule 13D is filed on a joint basis pursuant to Rule
13d-1(k) of the Securities Exchange Act of 1934 (the "1934 Act") by the E&C
Capital Partners, LLLP 2006 Intangible Irrevocable Trust (the "E&C Trust"), the
E&C Capital Partners II, LLLP 2006 Intangible Irrevocable Trust (the "E&C II
Trust"), the Egan Family GRATS 2006 Intangible Irrevocable Trust (the "GRATS
Trust"), the S. Jacqueline Egan 2006 Intangible Irrevocable Trust (the "S.
Jacqueline Trust"), the Nantucket 2006 Intangible Irrevocable Trust (the
"Nantucket Trust"), the Dancing Bear Investments, Inc. 2006 Intangible
Irrevocable Trust (the "Dancing Bear Trust") and Robin Segaul Lebowitz and
Dennis D. Smith, as Trustees of the E&C Trust, the E&C II Trust, the GRATS
Trust, the S. Jacqueline Trust, the Nantucket Trust and the Dancing Bear Trust
(the "Trustees") (E&C Trust, E&C II Trust, the GRATS Trust, the S. Jacqueline
Trust, the Nantucket Trust, the Dancing Bear Trust and the Trustees are each a
"Reporting Person", and collectively, the "Reporting Persons"). Each of the
Reporting Persons disclaims the formation of a "group". The address of each of
the Reporting Persons is 110 E. Broward Boulevard, 14th Floor, Ft. Lauderdale,
Florida 33301.
(d)-(e) During the last five years, none of the Reporting Persons have been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or been a party to a civil proceeding of a judicial or
administrative body of competent decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) Each of the Trustees are citizens of the United States of America.
________________________________________________________________________________
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No consideration was paid for the transfer of the securities contemplated
by this Schedule 13D.
________________________________________________________________________________
ITEM 4. PURPOSE OF TRANSACTION
This Schedule 13D gives effect to the transfer of securities by each of E&C
Capital Partners, LLLP ("E&C") E&C Capital Partners II, LLLP ("E&C II") The
Michael S. Egan Grantor Retained Annuity Trust f/b/o Sarah Egan Mooney, The
Michael S. Egan Grantor Retained Annuity Trust f/b/o Eliza Shenners Egan, The
Michael S. Egan Grantor Retained Annuity Trust f/b/o Catherine Lewis Egan, The
Michael S. Egan Grantor Retained Annuity Trust f/b/o Teague Michael Thomas Egan,
and The Michael S. Egan Grantor Retained Annuity Trust f/b/o Riley Martin
Michael Egan (the "GRATS"), S. Jacqueline Egan, the Nantucket Trust, and Dancing
Bear Investments Inc. to the E&C Trust, the E&C II Trust, the GRATS Trust, the
S. Jacqueline Trust, the Nantucket Trust and the Dancing Bear Trust for year end
tax planning purposes. E&C is the sole beneficiary of the E&C Trust, E&C II is
the sole beneficiary of the E&C II Trust, the GRATS are the sole beneficiaries
of the GRATS Trust, S. Jacqueline Egan is the sole beneficiary of the S.
Jacqueline Trust, Dancing Bear Investments, Inc. is the sole beneficiary of the
Dancing Bear Trust and the Nantucket Trust is the sole beneficiary of the
Nantucket Trust. Pursuant to the terms of respective trust agreements relating
to the Trusts, each of the Trusts will automatically terminate on January 30,
2006 and thereafter none of the Trusts will have any further beneficial
ownership of securities of the Issuer and will no longer be subject to reporting
under Rule 13-1 of the 1934 Act. Since January 30, 2006 is less than 60 days
from the date of transfer of the securities, under Rule 13d-3(d) of the 1934
Act, each of E&C, E&C II, the GRATS, S. Jacqueline Egan, Dancing Bear
Investments, Inc. and the Nantucket Trust is deemed to continue to have
beneficial ownership of the securities which they transferred to the Trusts.
Upon termination of the Trusts, the securities held by the Trusts will be
returned to E&C, E&C II, the GRATS, S. Jacqueline Egan, Dancing Bear
Investments, Inc. and the Nantucket Trust, as appropriate.
None of the Reporting Persons are aware of any plans or proposals which any
Reporting Person may have which relate to or would result in:
(a) the acquisition by any person of additional securities of the Issuer
or the disposition of securities of the Issuer.
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries.
(c) a sale or transfer of a material amount of assets of the Issuer or of
any of its subsidiaries.
(d) any other material change in the Issuer's business or corporate
structure.
(e) any material change in the present capitalization or dividend policy
of the Issuer other than as described herein.
(f) any other material changes in the Issuer's business or corporate
structure.
(g) any changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition or control of the Issuer by any person.
(h) the securities of the Issuer to be delisted from a national securities
exchange or to cease to be authorized or to be quoted in an
inter-dealer quotation system of a registered national securities
association.
(i) in a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act.
(j) any action similar to any of those enumerated above.
________________________________________________________________________________
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)
(b) The amounts and percentages of Common Stock set forth in this Item 5
are based on (i) the shares beneficially owned by each of the Reporting Person,
as set forth in Item 3 and (ii) 174,231,509 shares of Common Stock outstanding
as of December 30, 2005.
Amount beneficially owned:
72,469,012 as to the E&C Trust
40,000,000 as to the E&C II Trust
10,000,000 as to the GRATS Trust
136,299,497 as to each of the Trustees
Percent of class:
34.8 % as to the E&C Trust
19.2 % as to the E&C II Trust
10.9 % as to the GRATS Trust
56.3 % as to each of the Trustees
Number of shares as to which the person has:
sole power to vote or to direct the vote:
-0- as to each of the Reporting Persons
shared power to vote or to direct the vote:
34.8 %as to the E&C Trust
19.2 % as to the E&C II Trust
10.9 % as to the GRATS Trust
56.3 % as to each of the Trustees
sole power to dispose or to direct the disposition of:
-0- as to each of the Reporting Persons
shared power to dispose or to direct the disposition of:
34.8 % as to the E&C Trust
19.2 % as to the E&C II Trust
10.9 % as to the GRATS Trust
56.3 % as to each of the Trustees
(c) None
(d) Under the terms of the trust agreements relating to the Trusts, E&C,
E&C II, the GRATS, S. Jacqueline Egan, Dancing Bear Investments, Inc.
and the Nantucket Trust are entitled to receive all distributions with
respect to the securities held by the Trusts, including any dividends
or the proceeds from any sale of the securities held by the Trusts.
(e) Not applicable
________________________________________________________________________________
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The Reporting Person is not a party to any contracts, arrangements,
understandings or relationships of the nature described by item 6 nor are any of
the securities pledged or otherwise subject to a contingency the occurrence of
which would give another person voting power or investment power over such
securities.
________________________________________________________________________________
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Joint Filing Agreement dated December 30, 2005
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Schedule 13D is true, complete
and correct.
E&C Capital Partners, LLLP 2006 Intangible
Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
E&C Capital Partners II, LLLP 2006 Intangible
Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
Egan Family GRATS 2006 Intangible Irrevocable
Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
S. Jacqueline Egan 2006 Intangible
Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
Dancing Bear Investments, Inc. 2006
Intangible Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
Nantucket 2006 Intangible Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
Exhibit 1
JOINT FILING AGREEMENT
As of December 28, 2004 and in accordance with Rule 13d-1(k)(1)
promulgated under the Securities Exchange Act of 1934, the undersigned agree to
the joint filing of a Statement on Schedule 13D (including any and all
amendments thereto) with respect to the Common Stock of theglobe.com, inc., a
Delaware corporation, and further agree to the filing of this Agreement as an
Exhibit thereto. In addition, each party to this Agreement expressly authorizes
each other party to this Agreement to file any and all amendments to such
Statement on Schedule 13D.
The undersigned have signed this Joint Filing Agreement as of the date
first written above.
E&C Capital Partners, LLLP 2006 Intangible
Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
E&C Capital Partners II, LLLP 2006 Intangible
Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
Egan Family GRATS 2006 Intangible Irrevocable
Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
S. Jacqueline Egan 2006 Intangible
Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
Dancing Bear Investments, Inc. 2006 Intangible
Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee
Nantucket 2006 Intangible Irrevocable Trust
By: /s/ Dennis D. Smith
-----------------------------------------
Dennis D. Smith, Trustee
By: /s/ Robin Segaul Lebowitz
-----------------------------------------
Robin Segaul Lebowitz, Trustee