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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
PANAVISION INC.
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(Name of issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of class of securities)
69830E209
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(CUSIP number)
Barry F. Schwartz
35 East 62nd Street
New York, New York 10021
(212) 572-8600
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(Name, address and telephone number of person
authorized to receive notices and communications)
NOVEMBER 9, 2000
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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 [ ].
Page 1 of 9 Pages
Exhibit Index on Page 9
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CUSIP NO. 69830E209 13D PAGE 2 OF 9 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Mafco Holdings Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3
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4 SOURCE OF FUNDS
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 7,320,225
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,320,225
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,320,225
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
83.47%
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14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 69830E209 13D PAGE 3 OF 9 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
PX Holding Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3
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4 SOURCE OF FUNDS
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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
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7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 7,320,225
EACH ----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,320,225
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,320,225
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
83.47%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
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This Statement amends and supplements the Statement on Schedule 13D, dated
December 29, 1997, as amended by Amendment No. 1 thereto, dated June 11, 1998,
Amendment No. 2 thereto, dated February 3, 1999 and Amendment No. 3 thereto,
dated July 31, 2000 (as so amended, the "Schedule 13D"), filed by Mafco Holdings
Inc., a Delaware corporation ("Mafco"), and PX Holding Corporation, a Delaware
corporation ("PX Holding"), with respect to the common stock, par value $.01 per
share (the "Common Stock"), of Panavision Inc., a Delaware corporation (the
"Company"). Capitalized terms used herein shall have the meanings ascribed to
them in the Schedule 13D unless otherwise defined.
Item 2. Identity and Background.
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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 and PX Holding is attached hereto.
Item 4. Purpose of Transaction.
----------------------
Item 4 is hereby amended by adding the following at the end thereof:
On November 9, 2000 Mafco proposed a transaction to the Board of Directors
of M & F Worldwide Corp. ("MFW") pursuant to which PX Holding would sell to MFW
7,320,225 shares of common stock of the Company, representing 83.47% of the
issued and outstanding shares of capital stock of the Company, for a price of
$190.3 million, representing PX Holding's cost, plus an appropriate premium to
be negotiated, representing the growth in the Company's current business and the
prospective benefits from its development of digital image technology. Mafco
would be prepared to accept a mix of cash and newly-issued shares of common
stock of MFW.
Page 4 of 9
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Item 7. Material to be Filed as Exhibits.
--------------------------------
Item 7 is hereby amended to add the following at the end thereof:
Exhibit 4-1. Letter dated November 9, 2000 from Mafco Holdings
Inc. to M & F Worldwide Corp.
Page 5 of 9
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SIGNATURES
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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: November 13, 2000
MAFCO HOLDINGS INC.
PX HOLDING CORPORATION
By: /s/ Glenn P. Dickes
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Glenn P. Dickes
Secretary
Page 6 of 9
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SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
OF MAFCO HOLDINGS INC. AND PX HOLDING CORPORATION
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., and PX Holding Corporation 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 different from
Principal Occupation Present Principal Occupation or
or Employment) Employment and Address
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Ronald O. Perelman Director, Chairman and Chief Executive Officer of
Mafco Holdings Inc.
Donald G. Drapkin Director and Vice Chairman of Mafco Holdings Inc.
Howard Gittis Director and Vice Chairman 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.
Page 7 of 9
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PX HOLDING CORPORATION
Name and Position
(if different from Present Principal Occupation or
Principal Employment) Employment and Address
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Ronald O. Perelman Director, Chairman and Chief Executive Officer
Director, Chairman of Mafco Holdings Inc.
and Chief Executive Officer
Howard Gittis Director and Vice Chairman of Mafco Holdings
Director and Vice Chairman Inc.
Barry F. Schwartz Executive Vice President and General Counsel of
Executive Vice President Mafco Holdings Inc.
and General Counsel
Todd J. Slotkin Executive Vice President and Chief Financial
Executive Vice President Officer of Mafco Holdings Inc.
and Chief Financial
Officer
Page 8 of 9
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EXHIBIT INDEX
Exhibit
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4-1 Letter dated November 9, 2000 from Mafco Holdings Inc. to M & F
Worldwide Corp.
Page 9 of 9
