SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 3)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
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)
69830E 209
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(CUSIP Number)
Barry F. Schwartz, Esq.
MacAndrews & Forbes Holdings Inc.
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)
Copy to:
Alan C. Myers, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
(212) 735-3000
July 26, 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 |_|
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.
CUSIP No. 69830E 209
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
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. SEC USE ONLY
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4. SOURCE OF FUNDS
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 7,310,239
EACH ----------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH ----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,310,239
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,310,239
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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)
83.36%
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14. TYPE OF REPORTING PERSON
CO
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CUSIP No. 69830E 209
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
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. SEC USE ONLY
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4. SOURCE OF FUNDS
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 7,310,239
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON -0-
WITH -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,310,239
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
7,310,239
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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)
83.36%
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14. TYPE OF REPORTING PERSON
CO
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INTRODUCTION
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, and Amendment No. 2 thereto, dated February
3, 1999 (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 4. PURPOSE OF TRANSACTION.
On July 26, 2000, the Company sold 714,300 shares of Common
Stock and a warrant to acquire an additional 714,300 shares of Common Stock
(subject to adjustment) at an exercise price of $17.50 per share (subject
to adjustment) to Sony Electronics Inc. ("Sony").
In connection with the aforementioned transaction, the
Company, PX Holding and Sony entered into a Stockholders Agreement,
pursuant to which PX Holding has agreed to vote all of the shares of Common
Stock it holds to elect a person designated by Sony to the Board of
Directors of the Company. Additionally, pursuant to the Stockholders
Agreement, Sony has the right to participate in certain sales by PX Holding
of its shares of Common Stock to third parties.
The Stockholders Agreement is attached hereto as Exhibit
99.2 and is incorporated herein by reference in its entirety. The foregoing
summary of the Stockholders Agreement does not purport to be complete and
is qualified in its entirety by reference to such exhibit.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) As of July 27, 2000, based upon information provided
by the Company, there were 8,769,919 shares of Common Stock outstanding, of
which the Reporting Persons may be deemed to have beneficial ownership of
7,310,239 shares of Common Stock, or 83.36% of the Common Stock then
outstanding.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
See Item 4, above.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 99.1 - Agreement pursuant to Rule 13d-1(k)
Exhibit 99.2 - Stockholders Agreement, dated July 26, 2000, by
and among Panavision Inc., Sony Electronics Inc.
and PX Holding Corporation
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.
Date: July 31, 2000
MAFCO HOLDINGS INC.
By: /s/ Glenn P. Dickes
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Name: Glenn P. Dickes
Title: Senior Vice President
PX HOLDING CORPORATION
By: /s/ Glenn P. Dickes
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Name: Glenn P. Dickes
Title: Vice President
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS OF
MAFCO HOLDINGS INC.
Set forth below is each director and executive officer of
Mafco Holdings Inc. Unless otherwise indicated each person identified below
is principally employed by Mafco Holdings Inc. The principal address of
Mafco Holdings Inc. and, unless otherwise indicated below, the current
business address for each individual listed below is 35 East 62nd Street,
New York, New York 10021. Each such person is a citizen of the United
States.
NAME AND ADDRESS PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
Ronald O. Perelman Director, Chairman and Chief Executive Officer
Donald G. Drapkin Director and Vice Chairman
Todd J. Slotkin Executive Vice President and Chief Financial Officer
Howard Gittis Director and Vice Chairman
James R. Maher Director and President
Barry F. Schwartz Executive Vice President and General Counsel
DIRECTORS AND EXECUTIVE OFFICERS OF
PX HOLDING CORPORATION
Set forth below is each director and executive officer of PX
Holding Corporation. The principal address of PX Holding Corporation and
the current business address for each individual listed below is 35 East
62nd Street, New York, New York 10021. Each such person is a citizen of the
United States.
NAME AND ADDRESS PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
Ronald O. Perelman Director, Chairman of the Board and Chief Executive
Officer
Howard Gittis Director and Vice Chairman
Todd J. Slotkin Executive Vice President and Chief Financial Officer
Barry F. Schwartz Executive Vice President and General Counsel
James R. Maher Director
EXHIBIT INDEX
Exhibit No. Description
99.1 Agreement pursuant to Rule 13d-1(k)
99.2 Stockholders Agreement, dated July 26, 2000, by and among
Panavision Inc., Sony Electronics Inc. and PX Holding
Corporation
