<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
M & F WORLDWIDE CORP.
---------------------------
(Name of issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
---------------------------------------------------------
(Title of class of securities)
739228-10-4
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(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)
JUNE 8, 1998
-----------------------------------
(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 [ ].
Page 1 of 10 Pages
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CUSIP NO. 739228 10 4 13D PAGE 2 OF 10 PAGES
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- --------------------------------------------------------------------------------
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 9,066,900
EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,066,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,066,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
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CUSIP NO. 739228 10 4 13D PAGE 3 OF 10 PAGES
- --------------------- ------------------
- --------------------------------------------------------------------------------
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 9,066,900
EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,066,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,066,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
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CUSIP NO. 739228 10 4 13D PAGE 4 OF 10 PAGES
- --------------------- ------------------
- --------------------------------------------------------------------------------
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 9,066,900
EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,066,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,066,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
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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 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:
"During the period May 28, 1998 through June 8, 1998, Mafco
Consolidated purchased 327,500 shares of M & F Worldwide Common Stock in the
open market for an aggregate purchase price of $3,255,815, or an average price
of approximately $9.94 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:
"During the period May 28, 1998 through June 8, 1998, Mafco
Consolidated purchased 327,500 shares of M & F Worldwide Common Stock in the
open market. The Board of Directors of M & F Worldwide provided the necessary
authorization to permit the acquisition of such shares.
In accordance with the provisions of the M & F Worldwide certificate of
incorporation, Mafco intends to request that the M & F Worldwide board of
directors approve the acquisition by Mafco or one of its subsidiaries of up to
1,200,000 shares of M & F Worldwide Common Stock.
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On the date hereof such number of shares can be purchased without materially
and adversely affecting M & F Worldwide's net operating loss carryforwards.
Assuming receipt of such approval, Mafco or one of its subsidiaries may
purchase additional shares of M & F Worldwide Common Stock but only at such time
and at such prices as it determines to be advantageous."
Item 5. Interest in Securities of the Issuer.
Item 5(a) is hereby amended by adding the following at the end thereof:
"During the period May 28, 1998 through June 8, 1998, Mafco
Consolidated purchased 327,500 shares of M & F Worldwide Common Stock in the
open market for an aggregate purchase price of $3,255,815, or an average price
of approximately $9.94 per share. As of June 5, 1998, there were 20,656,502
shares of M & F Worldwide Common Stock outstanding. Mafco Consolidated owns of
record 6,566,900 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 Consolidated,
Mafco Consolidated beneficially owns 9,066,900 shares of M & F Worldwide
Common Stock, representing 39.2% of the shares of M & F Worldwide Common Stock
currently outstanding."
6
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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: June 9, 1998
MAFCO HOLDINGS INC.
MAFCO CONSOLIDATED HOLDINGS INC.
MAFCO CONSOLIDATED GROUP INC.
By:
--------------------------------
Name: Barry F. Schwartz
Title: Executive Vice President
7
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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 Executive Vice President and
Chief Financial Officer of
Mafco Holdings Inc.
Howard Gittis Director and Vice Chairman
of Mafco Holdings Inc.
James R. Maher Director and President of
Mafco Holdings Inc.
Barry F. Schwartz Executive Vice President and
General Counsel of Mafco Holdings
Inc.
1
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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 Vice Chairman of Mafco Holdings Inc.
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.
2
<PAGE>
MAFCO CONSOLIDATED GROUP INC.
Name and Position
(if difference from
Principal Occupation Present Principal Occupation or
or Employment) Employment and Address
- -------------- ----------------------
Ronald O. Perelman Chairman and Chief Executive
Director and Chairman Officer of Mafco Holdings Inc.
Howard Gittis Vice Chairman of Mafco Holdings
Director and Vice Chairman Inc.
James R. Maher President of Mafco Holdings
President and Chief Executive Inc.
Officer
Irwin Engelman Executive Vice President and
Executive Vice President Chief Financial Officer of
and Chief Financial Mafco Holdings Inc.
Officer
Barry F. Schwartz Executive Vice President and
Executive Vice President General Counsel of Mafco
and General Counsel Holdings Inc.
3
