<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
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)
DECEMBER 6, 1999
----------------------------
(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 9.
Page 1 of 10 Pages
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<S> <C>
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CUSIP NO. 739228 10 4 13D PAGE 2 OF 10 PAGES
----------- ----- ----
- ---------------------------------------------------- ----------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 6,648,800
WITH ---------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,648,800
- -----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,648,800
- -----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.2%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
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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
- -----------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 6,648,800
WITH ---------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,648,800
- -----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,648,800
- -----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.2%
- -----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
<S> <C>
- ---------------------------------------------------- ---------------------------------------------------------
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
- ----------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 6,648,800
WITH --------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,648,800
- ----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,648,800
- ----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.2%
- ----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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 4. Purpose of Transaction.
----------------------
Item 4 is hereby amended by adding the following at the end thereof:
"On December 6, 1999, M & F Worldwide Corp. repurchased from Mafco
Consolidated the 20,000 outstanding shares of M & F Worldwide Preferred Stock
for $20,000,000, representing liquidation preference thereof, together with
dividends accrued since September 30, 1999, the most recent regular dividend
payment date (the "Purchase Consideration"). M & F Worldwide had a present right
in its discretion to redeem the M & F Worldwide Preferred Stock for the Purchase
Consideration.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Item 5(a) is hereby amended by adding the following at the end thereof:
"On December 6, 1999, M & F Worldwide Corp. repurchased from Mafco
Consolidated 20,000 shares of M & F Worldwide Preferred Stock which were
convertible into 2,500,000 shares of M & F Worldwide Common Stock. As of
December 3, 1999, there were 20,663,171 shares of M & F Worldwide Common Stock
outstanding. Mafco Consolidated owned of record 6,648,800 shares of M & F
Worldwide Common Stock which represented 32.2% of the shares of M & F Worldwide
Common Stock currently outstanding."
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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: December 6, 1999
MAFCO HOLDINGS INC.
MAFCO CONSOLIDATED HOLDINGS INC.
MAFCO CONSOLIDATED GROUP INC.
By: /s/Glenn P. Dickes
-------------------------------
Glenn P. Dickes
Secretary
<PAGE>
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.
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.
Todd J. Slotkin Executive Vice President and
Chief Financial Officer 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.
Barry F. Schwartz Executive Vice President and
Executive Vice President General Counsel of Mafco
and General Counsel Holdings Inc.
Todd J. Slotkin Executive Vice President
Executive Vice President and Chief Financial Officer
and Chief Financial of Mafco Holdings Inc.
Officer
2
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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
Barry F. Schwartz Executive Vice President and
Executive Vice President General Counsel of Mafco
and General Counsel Holdings Inc.
Todd J. Slotkin Executive Vice President and
Executive Vice President Chief Financial Officer of
and Chief Financial Mafco Holdings Inc.
Officer
3
