<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
METRO-GOLDWYN-MAYER INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
591610100
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(CUSIP Number)
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Richard E. Sobelle, Esq. (702) 737-8060
Tracinda Corporation
4835 Koval Lane
Las Vegas, Nevada 89109
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communication)
November 25, 1997
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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
[_].
Check the following box if a fee is being paid with this statement
[_]. (A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note. Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
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).
-1-
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SCHEDULE 13D
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CUSIP NO. 591610100 PAGE 2 OF 6
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRACINDA CORPORATION
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
BK
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2(e)
[_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
NEVADA
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SOLE VOTING POWER
7
NUMBER OF 42,396,488
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
N/A
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 42,396,488
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
N/A
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 42,396,488
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 64.4%
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TYPE OF REPORTING PERSON*
14
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
-2-
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CUSIP NO. 591610100 SCHEDULE 13D PAGE 3 OF 6
- ----------------------- ---------------------
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NAME OF REPORTING PERSON KIRK KERKORIAN
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7 42,396,488
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
N/A
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 42,396,488
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
N/A
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 42,396,488
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.4%
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-3-
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PAGE 4 OF 6
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TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT:
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
-4-
<PAGE>
This Amendment No. 1 amends and supplements the Statement on Schedule 13D (the
"Schedule 13D"), relating to the common stock, par value $.01 per share (the
"Shares"), of Metro-Goldwyn-Mayer Inc., a Delaware corporation (the "Company"),
previously filed by Tracinda Corporation ("Tracinda") and Mr. Kirk Kerkorian.
Capitalized terms used and not defined in this Amendment have the meanings set
forth in the Schedule 13D.
1. Item 3 of the Schedule 13D is hereby amended to add the following
information:
Tracinda has acquired 748,600 Shares as set forth in Item 5 below, which
item is incorporated herein by reference. The purchase price for such
Shares ($15,296,882) is being funded from funds provided to Tracinda
pursuant to the Credit Agreement. A copy of the Credit Agreement has been
filed as an exhibit to the Schedule 13D and is incorporated herein by
reference. Tracinda has pledged such shares pursuant to the Credit
Agreement and a related Stock Pledge Agreement.
2. Item 5 of the Schedule 13D is hereby amended to add the following
information:
(a) As a result of the purchases described under Item 5(c), Tracinda and
Mr. Kerkorian are the beneficial owners of 42,396,488 Shares or
approximately 64.4% of the Shares outstanding as of November 13,
1997, based upon the number of Shares outstanding as reported in the
Company's Prospectus dated November 12, 1997.
(b) Mr. Kerkorian has the sole power to vote or to direct the vote and
the sole power to dispose or direct the disposition of the 748,600
Shares purchased by Tracinda.
(c) The table below sets forth information with respect to all purchases
of Shares by Tracinda and Mr. Kerkorian since the filing of the 13D
on November 18, 1997. All of such purchases were effected by Tracinda
on the New York Stock Exchange.
<TABLE>
<CAPTION>
Transaction Number of Price Aggregate
Date Shares Per Share Price
---- ------ --------- -----
<S> <C> <C> <C>
11/20/97 3,000 20 $60,120.00
11/20/97 1,600 20 1/16 $32,164.00
11/20/97 10,000 20 1/8 $201,650.00
11/20/97 20,000 20 1/4 $405,800.00
11/20/97 28,700 20 3/8 $585,910.50
11/21/97 28,500 20 1/16 $572,921.25
11/21/97 156,800 20 1/8 $3,161,872.00
11/24/97 35,000 20 $701,400.00
</TABLE>
<PAGE>
11/24/97 5,300 20 1/8 $106,874.50
11/24/97 88,500 20 3/16 $1,790,133.75
11/24/97 104,900 20 1/4 $2,128,421.00
11/25/97 5,800 20 3/16 $117,319.50
11/25/97 7,800 20 3/8 $159,237.00
11/25/97 36,900 20 7/16 $755,619.75
11/25/97 40,100 20 1/2 $823,654.00
11/25/97 15,000 20 9/16 $309,037.50
11/25/97 17,000 20 5/8 $351,305.00
11/25/97 3,800 20 11/16 $78,764.50
11/25/97 4,000 20 3/4 $83,160.00
11/25/97 10,000 20 15/16 $209,775.00
11/25/97 44,600 21 $938,384.00
11/25/97 2,000 21 1/16 $42,205.00
11/25/97 35,000 21 1/8 $740,775.00
11/25/97 44,300 21 3/16 $940,378.25
3. Item 6 of the Schedule 13D is hereby amended to add the following
information:
The 748,600 Shares purchased by Tracinda will be pledged pursuant to the
Credit Agreement.
4. Except as specifically provided herein, this Amendment does not modify
any of the information previously reported on the Schedule 13D.
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, complete and correct.
TRACINDA CORPORATION
a Nevada corporation
By: /s/ Anthony Mandekic
--------------------------
Name: Anthony Mandekic
Title: Secretary / Treasurer
KIRK KERKORIAN
November 25, 1997 By: /s/ Anthony Mandekic
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DATE Anthony Mandekic
Attorney-in-fact
