SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)
M&F WORLDWIDE CORP.
(Name of issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of class of securities)
739228-10-4
(CUSIP number)
Barry F. Schwartz
35 East 62nd Street
New York, New York 10021
(212) 572-8600
(Name, address and telephone number of person
authorized to receive notices and communications)
with a copy to:
Alan C. Myers, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
919 Third Avenue
New York, New York 10022
(212) 735-3000
JULY 31, 1997
(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 ( ).
CUSIP No. 739228 10 4
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Mafco Holdings Inc.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ( )
(b) ( )
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ( )
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 8,739,400
EACH ----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,739,400
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,739,400
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES ( )
CERTAIN SHARES*
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.8%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- ---------------------------------------------------------------------------
CUSIP No. 739228 10 4
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Mafco Consolidated Holdings Inc.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ( )
(b) ( )
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ( )
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 8,739,400
EACH ----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,739,400
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,739,400
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES ( )
CERTAIN SHARES*
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.8%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- ---------------------------------------------------------------------------
CUSIP No. 739228 10 4 P
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Mafco Consolidated Group Inc.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ( )
(b) ( )
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ( )
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 8,739,400
EACH -------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,739,400
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,739,400
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES ( )
CERTAIN SHARES*
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.8%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- ---------------------------------------------------------------------------
This statement amends and supplements the
Statement on Schedule 13D, as amended (the "Schedule
13D"), filed with the Securities and Exchange Commission
by Mafco Consolidated Group Inc., a Delaware corporation,
Mafco Consolidated Holdings Inc. (formerly C&F (Parent)
Holdings Inc.), a Delaware corporation, and Mafco
Holdings Inc., a Delaware corporation, in connection with
their ownership of shares of common stock, par value $.01
per share, of M&F Worldwide Corp. (formerly Power Control
Technologies Inc.), a Delaware corporation. Unless
otherwise defined herein, all capitalized terms used
herein shall have the meanings ascribed to them in the
Schedule 13D.
Item 1. Security and Issuer.
Item 1 is hereby amended in its entirety to
read as follows:
"Common Stock, par value $.01 per share (the
"M&F Worldwide Common Stock")
M&F WORLDWIDE CORP. ("M&F Worldwide")
35 East 62nd Street
New York, New York 10021
On May 15, 1997, Power Control Technologies
Inc. changed its name to M&F Worldwide Corp."
Item 2. Identity and Background.
Items 2(a)-2(c) are hereby amended by adding
the following at the end thereof:
"A restated Schedule I, which includes the
identity, business address and occupation or employment
information for the directors and executive officers of
each of Mafco, Mafco Consolidated Holdings and Mafco
Holdings, is attached hereto."
Item 3. Source and Amount of Funds or Other
Consideration.
Item 3 is hereby amended by adding the
following at the end thereof:
"On July 31, 1997, Mafco purchased 300,000
shares of M&F Worldwide Common Stock in the open market
for $2.7 million, or $9.00 per share. Mafco paid for
such shares out of cash on hand."
Item 4. Purpose of Transaction.
Item 4 is hereby amended by adding the
following at the end thereof:
"On July 31, 1997, Mafco purchased 300,000
shares of M&F Worldwide Common Stock in the open market.
Mafco continuously monitors its investment in M&F
Worldwide with a view to determining whether to increase
or decrease its ownership in M&F Worldwide. Based upon
this review, Mafco determined that it was an appropriate
time to increase its investment in M&F Worldwide. The
Board of Directors of M&F Worldwide provided the
necessary authorization to permit the acquisition of such
shares."
Item 5. Interest in Securities of the Issuer.
Item 5(a) is hereby amended by adding the
following at the end thereof:
"On July 31, 1997, Mafco purchased 300,000
shares of M&F Worldwide Common Stock in the open market
for $2.7 million, or $9.00 per share. As of July 31,
1997, there were 20,598,277 shares of M&F Worldwide
Common Stock outstanding. Mafco owns of record 6,239,400
shares of M&F Worldwide Common Stock and all of the
20,000 outstanding shares of M&F Worldwide's preferred
stock. Giving effect to the conversion of the M&F
Worldwide preferred stock owned by Mafco, Mafco
beneficially owns 8,739,400 shares of M&F Worldwide
Common Stock, representing 37.8% of the shares of M&F
Worldwide Common Stock currently outstanding on a fully
diluted basis."
SIGNATURES
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information in
this statement is true, complete and correct.
Dated: August 1, 1997
MAFCO HOLDINGS INC.
MAFCO CONSOLIDATED HOLDINGS INC.
MAFCO CONSOLIDATED GROUP INC.
By: /s/ Barry F. Schwartz
Name: Barry F. Schwartz
Title: Executive Vice
President
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
OF MAFCO HOLDINGS INC., MAFCO CONSOLIDATED HOLDINGS INC.
AND MAFCO CONSOLIDATED GROUP INC.
The name, business address, present principal
occupation or employment, and the name, principal business and
address of any corporation or other organization in which such
employment is conducted, of each of the directors and executive
officers of Mafco Holdings Inc., Mafco Consolidated Holdings Inc.
and Mafco Consolidated Group Inc. is set forth below. If no
business address is given, the director's or officer's address is
Mafco Holdings Inc., 35 East 62nd Street, New York, New York
10021.
MAFCO HOLDINGS INC.
Name and Position
(if difference from
Principal Occupation Present Principal Occupation or
or Employment) Employment and Address
Ronald O. Perelman Director, Chairman and
Chief Executive Officer of
Mafco Holdings Inc.
Donald Drapkin Director and Vice Chairman of
Mafco Holdings Inc.
Irwin Engelman Director, Executive Vice
President and Chief Financial
Officer of Mafco Holdings Inc.
Howard Gittis Director and Vice Chairman
of Mafco Holdings Inc.
Bruce Slovin Director and President of
Mafco Holdings Inc.
Barry F. Schwartz Executive Vice President and
General Counsel of Mafco
Holdings Inc.
MAFCO CONSOLIDATED HOLDINGS INC.
Name and Position
(if difference from Present Principal Occupation or
Principal Employment) Employment and Address
Ronald O. Perelman Director, Chairman and
Director, Chairman Chief Executive Officer of
and Chief Executive Officer Mafco Holdings Inc.
Howard Gittis Director and Vice Chairman
Director and of Mafco Holdings Inc.
Vice Chairman
Irwin Engelman Director, Executive Vice
Executive Vice President President and Chief Financial
and Chief Financial Officer of Mafco Holdings Inc.
Officer
Barry F. Schwartz Executive Vice President and
Executive Vice President General Counsel of Mafco
and General Counsel Holdings Inc.
MAFCO CONSOLIDATED GROUP INC.
Name and Position
(if difference from
Principal Occupation Present Principal Occupation or
or Employment) Employment and Address
Ronald O. Perelman Director, Chairman and
Director and Chairman Chief Executive Officer of
Mafco Holdings Inc.
Howard Gittis Director and Vice Chairman
Director and of Mafco Holdings Inc.
Vice Chairman
James R. Maher President and Chief Executive
Officer
Irwin Engelman Director, Executive Vice
Executive Vice President President and Chief Financial
and Chief Financial Officer of Mafco Holdings Inc.
Officer
Barry F. Schwartz Executive Vice President and
Executive Vice President General Counsel of Mafco
and General Counsel Holdings Inc.
