<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
AMENDMENT NO. 6
Metro-Goldwyn-Mayer Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
591610100
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(CUSIP Number)
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Richard E. Sobelle, Esq.
Tracinda Corporation
150 South Rodeo Drive
Beverly Hills, CA 90212
(310) 271-0638
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(Name, Address and Telephone Number of Persons Authorized to Receive Notices and
Communications)
November 19, 1998
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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 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 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).
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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 ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
NEVADA
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SOLE VOTING POWER
7
NUMBER OF 120,119,223
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
14,878,500
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 120,119,223
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
14,878,500
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
134,997,723
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
89.6%
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TYPE OF REPORTING PERSON*
14
CO
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<PAGE>
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KIRK KERKORIAN
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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
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.A.
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SOLE VOTING POWER
7
NUMBER OF 134,997,723
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 134,997,723
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
134,997,723
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
NOT APPLICABLE
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
89.6%
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TYPE OF REPORTING PERSON*
14
IN
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<PAGE>
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
250 RODEO, INC.
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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
PF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
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SOLE VOTING POWER
7
NUMBER OF 14,878,500
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 14,878,500
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
14,878,500
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
9.9%
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TYPE OF REPORTING PERSON*
14
CO
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<PAGE>
This Amendment No. 6 amends and supplements the Statement on Schedule 13D
filed on November 18, 1997, as amended on November 25, 1997, on July 27, 1998,
on August 19, 1998, on September 2, 1998 and on October 26, 1998 (as so amended,
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"), 250 Rodeo, Inc. ("250
Rodeo" and, collectively with Tracinda, the "Tracinda Entities") 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:
The funds for the purchase of the Shares were obtained, in the case of
Tracinda, pursuant to the Credit Agreement and, in the case of 250 Rodeo, from a
capital infusion.
2. Item 4 of the Schedule 13D is hereby amended to add the following
information:
See the response to Item 5 in this Amendment No. 6.
3. Item 5 of the Schedule 13D is hereby amended to add the following
information:
(a) Tracinda and Mr. Kerkorian are the beneficial owners of 134,997,723
Shares (including the Shares purchased and directly held by 250 Rodeo upon
exercise of its Rights), approximately 89.6% of the Shares outstanding, based
upon the number of Shares outstanding as reported in the Company's Registration
Statement on Form S-1 relating to the Rights Offering plus the number of Shares
issued by the Company in connection with the Rights Offering. 250 Rodeo is the
beneficial owner of the 14,878,500 Shares it holds directly and including the
Shares it purchased through exercise of its Rights, approximately 9.9% of the
Shares outstanding, based upon the number of Shares outstanding as reported in
the Company's Registration Statement on Form S-1 relating to the Rights Offering
plus the number of Shares issued by the Company in connection with the Rights
Offering.
(b) Mr. Kerkorian has the sole power to vote or to direct the vote and sole
power to dispose or direct the disposition of the 75,933,009 Shares acquired
upon the Tracinda Entities' exercise of their Rights.
(c) On October 26, 1998, the Company commenced a rights offering (the
"Rights Offering"), pursuant to which the Company distributed to the holders of
its outstanding common stock transferable subscription rights ("Rights") to
subscribe for and purchase additional Shares for a price of $8.25 per share. The
Rights Offering expired at 5:00 p.m., New York City time, on November 16, 1998.
On November 19, 1998, the Tracinda Entities received 75,933,009 Shares from the
Company in connection with their exercise of all of the Rights distributed to
them. The aggregate purchase price for such Shares was $626,447,324.25. The
Tracinda Entities and the Company were parties to a Stock Purchase Agreement,
dated October 26, 1998, (the "Stock
<PAGE>
Purchase Agreement") whereby the Tracinda Entities had irrevocably agreed to
exercise such Rights and purchase such Shares.
5. Item 6 of the Schedule 13D is hereby amended to add the following
information:
See the response to Item 5 in this Amendment No. 6. The Shares acquired
pursuant to the Stock Purchase Agreement by the Tracinda Entities will be
pledged pursuant to the Credit Agreement.
As a result of an aggregate overexercise of Rights by stockholders of the
Company other than the Tracinda Entities, 250 Rodeo did not have to purchase any
Shares in connection with its obligation pursuant to the Stock Purchase
Agreement to purchase all Shares that were not otherwise subscribed for at the
close of the Rights Offering.
6. Except as specifically provided herein, this Amendment No. 6 does not modify
any of the information previously reported on the Schedule 13D.
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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.
Dated: November 20, 1998
TRACINDA CORPORATION
a Nevada corporation
By: /s/ Anthony L. Mandekic
-----------------------
Name: Anthony L. Mandekic
Title: Secretary/Treasurer
KIRK KERKORIAN
By: /s/ Anthony L. Mandekic
-----------------------
Name: Anthony L. Mandekic
Title: Attorney-in-Fact
250 RODEO, INC.
a Delaware corporation
By: /s/ Anthony L. Mandekic
-----------------------
Name: Anthony L. Mandekic
Title: Secretary/Treasurer
