UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
MotivePower Industries, Inc. ("formerly MK Rail Corporation")
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Name of Issuer
Common Stock, $.01 par value
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(Title of Class of Securities)
61980K101
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CUSIP Number
Cheryl Sorokin, Executive Vice President and Secretary
BankAmerica Corporation, Corporate Secretary's Office #13018
555 California Street, San Francisco, CA 94104
(415) 622-3530
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications
July 15, 1997
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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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7.)
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.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclo-
sures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
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CUSIP No. 61980K101 Page 2 of 11
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bank of America National Trust and Savings Association
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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*
oo
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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
U.S.A.
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NUMBER OF 7 SOLE VOTING POWER
SHARES 182,236
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 182,236
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,236
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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)
1.0%
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14 TYPE OF REPORTING PERSON*
BK
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*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
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SCHEDULE 13D
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CUSIP No. 61980K101 Page 3 of 11
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BankAmerica 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*
oo
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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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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED 182,236
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BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER
182,236
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
182,236
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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)
1.0%
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14 TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
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CUSIP No. 61980K101 Page 4 of 11
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Item 1. Security and Issuer.
--------------------
This Amended Schedule 13D relates to the Common Stock, $.01 par value
(the "Shares"), of MotivePower Industries, Inc. a Delaware corporation (the
"Issuer"). The principal executive offices of the Issuer are located at 1200
Reedsdale Street, Pittsburgh, PA 15233. The reporting parties filed a Schedule
13D dated October 14, 1996 to report ownership in MK Rail Corp., Issuer's
former name.
Item 2. Identity and Background.
------------------------
This Amendment is filed jointly by each of the following persons: (i)
Bank of America National Trust and Savings Association, a national banking
association organized and existing under the laws of the United States ("Bank
of America NT&SA"); and (ii) BankAmerica Corporation, a Delaware corporation
("BAC"), by virtue of its ownership of all of the outstanding capital stock of
Bank of America NT&SA.
The reporting parties add the following to the disclosure under Item 2
in their original 13D filing:
The information regarding the directors and executive officers of the
reporting persons set forth in Exhibits 99.1 and 99.2 to the original Schedule
13D is replaced by Exhibit 99.1 attached hereto.
BAC incorporates by reference the material under Item 3, "Legal
Proceedings," in its Annual Report on Form 10-K for the year ended December 31,
1996, and the material in its Current Report on Form 8-K for May 5, 1997 (File
No. 1-7377).
Item 3: Source and Amount of Funds or Other Consideration.
--------------------------------------------------
See prior filing.
Item 4: Purpose of Transaction.
-----------------------
See prior filing.
Item 5: Interest in Securities of the Issuer.
-------------------------------------
The following information modifies and replaces the response to Item 5
in the original 13D to the extent it is inconsistent therewith:
(a) Bank of America NT&SA directly owns One Hundred Eighty-Two Thousand
(182,236) Shares, representing approximately 1.0% of the total number of Shares
outstanding (based upon the number of Shares outstanding on July 31, 1997, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
June 30, 1997). Due to BAC's 100% ownership of Bank of America NT&SA, BAC may be
deemed to indirectly own the 182,236 Shares owned by its subsidiary. To the best
knowledge of Bank of America NT&SA and BAC, none of their respective directors
or executive officers beneficially own any Shares.
<PAGE>
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CUSIP No. 61980K101 Page 5 of 11
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(b) See prior filing.
(c) None.
(d) See prior filing.
(e) See prior filing.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
---------------------------
See prior filing.
Item 7. Material to Be Filed as Exhibits.
--------------------------------
Exhibit 4.1 - Stockholders Agreement dated as of June 30, 1996 between
MK Rail Corporation and Morrison Knudsen Corporation
(previously filed).
Exhibit 4.2 - Amendment to Stockholders Agreement dated as of July 25,
1996 (previously filed).
Exhibit 99.1 - List of Directors and Executive Officers of Bank of
America NT&SA and BAC (filed herewith).
Exhibit 99.2 - List of Directors and Executive Officers of BAC
(combined with Exhibit 99.1).
Exhibit 99.3 - Joint Filing Agreement for Schedule 13D Pursuant to Rule
13d-1(f)(1) (previously filed).
Exhibit 99.4 - (Excerpt from) General Operating and Borrowing Resolu-
tion - BankAmerica Corporation (incorporated by
reference to attachment to Schedule 13D Amendment
relating to 3DX Technologies Inc. filed by BAC and other
reporting parties dated October 10, 1997).
Exhibit 99.5 - (Excerpt from) General Operating Resolution - Bank of
America NT&SA dated April 28, 1997 (filed herewith).
<PAGE>
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CUSIP No. 61980K101 Page 6 of 11
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SIGNATURE
- ---------
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: October 31, 1997
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION*
BANKAMERICA CORPORATION*
*By: /s/ JEFFREY R. LAPIC
---------------------------------
Jeffrey R. Lapic
Assistant General Counsel of
Bank of America National Trust and Savings Association
and Authorized Attorney-in-Fact
<PAGE>
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CUSIP No. 61980K101 Page 7 of 11
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INDEX TO EXHIBITS
Exhibit
Number Exhibit Description
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4.1 Stockholders Agreement dated as of June 30, 1996 between
MK Rail Corporation and Morrison Knudsen Corporation
(previously filed).
4.2 Amendment to Stockholders Agreement dated as of July 25,
1996 (previously filed).
99.1 List of Directors and Executive Officers of Bank of
America NT&SA and BAC (filed herewith).
99.2 List of Directors and Executive Officers of BAC
(combined with Exhibit 99.1).
99.3 Joint Filing Agreement for Schedule 13D Pursuant to Rule
13d-1(f)(1) (previously filed).
99.4 (Excerpt from) General Operating and Borrowing Resolu-
tion - BankAmerica Corporation (incorporated by
reference to attachment to Schedule 13D Amendment
relating to 3DX Technologies Inc. filed by BAC and other
reporting parties dated October 10, 1997).
99.5 (Excerpt from) General Operating Resolution - Bank of
America NT&SA dated April 28, 1997 (filed herewith).
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CUSIP No. 61980K101 Page 8 of 11
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EXHIBIT 99.1
BankAmerica Corporation and
Bank of America National Trust and Savings Association
Directors and Executive Officers' Information
The following table sets forth the names, addresses and principal
occupations of the executive officers and directors of BankAmerica Corporation
and Bank of America National Trust and Savings Association (directors are
indicated by asterisk). Each such person is a citizen of the United States.
*Joseph F. Alibrandi 1955 North Surveyor Ave. Chairman of the Board and CEO
Simi Valley, CA 93063 Whittaker Corporation
Simi Valley, CA
(principal business:
aerospace manufacturing)
*Peter B. Bedford 270 Lafayette Circle Chairman of the Board and
Lafayette, CA 94549 Chief Executive Officer
Bedford Property Investors, Inc
Lafayette, CA
(principal business: real
estate investment trust)
Kathleen J. Burke 555 California Street Vice Chairman and Personnel
40th Floor Relations Officer
San Francisco, CA 94104 Bank of America NT&SA
and Vice Chairman, BankAmerica
Corporation
San Francisco, CA
(principal business: banking
and finance)
*Richard A. Clarke 123 Mission Street, Retired Chairman of the Board
Room H17F and Chief Executive Officer
San Francisco, CA 94106 Pacific Gas & Electric Company
San Francisco, CA
(principal business: gas and
electric utility)
*David A. Coulter 555 California Street Chairman of the Board,
40th Floor President and Chief Executive
San Francisco, CA 94104 Officer
BankAmerica Corporation and
Bank of America NT&SA
San Francisco, CA
(principal business: banking
and finance)
*Timm F. Crull c/o Hallmark Cards, Inc. Retired Chairman
1024 E. Balboa Blvd. Nestle USA, Inc.
Newport Beach, CA 92661 Glendale, CA
(principal business: food and
related products processing)
*Kathleen Feldstein 147 Clifton Street President
Belmont, MA 02178 Economics Studies, Inc.
Belmont, MA
(principal business: economics
consulting)
*Donald E. Guinn Pacific Telesis Center Chairman Emeritus
130 Kearny St., Room 3704 Pacific Telesis Group
San Francisco, CA 94108 San Francisco, CA
(principal business:
telecommunications)
*Frank L. Hope 2726 Shelter Island Dr. Consulting Architect
Suite 250 San Diego, CA
San Diego, CA 92106 (principal business:
architecture)
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CUSIP No. 61980K101 Page 9 of 11
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H. Eugene Lockhart 555 California Street President, Global Retail Bank
40th Floor BankAmerica Corporation and
San Francisco, CA 94104 Bank of America NT&SA
San Francisco, CA
(principal business: banking
and finance
*Walter E. Massey Office of the President President
830 Westview Drive., S.W. Morehouse College
Atlanta, GA 30314 Atlanta, GA
(principal business: education)
Jack L. Meyers 555 California Street Vice Chairman
40th Floor BankAmerica Corporation and
San Francisco, CA 94104 Bank of America NT&SA
San Francisco, CA
(principal business: banking
and finance
Michael J. Murray 555 California Street President,Global Wholesale Bank
40th Floor BankAmerica Corporation and
San Francisco, CA 94104 Bank of America NT&SA
San Francisco, CA
(principal business: banking
and finance
Michael E. O'Neill 555 California Street Vice Chairman, Cashier and
40th Floor Chief Financial Officer
San Francisco, CA 94104 Bank of America NT&SA
and Vice Chairman and Chief
Financial Officer
BankAmerica Corporation
San Francisco, CA
(principal business: banking
and finance
*John M. Richman 227 West Monroe Street Of Counsel to the law firm of
Suite 4825 Wachtell, Lipton, Rosen & Katz
Chicago, IL 60606 Chicago, IL
(principal business: law)
Sanford R. Robertson 555 California Street Managing Director
26th Floor BancAmerica Robertson Stephens
San Francisco, CA 94104 San Francisco, CA
(principal business: investment
banking)
*Richard M. Rosenberg 555 California Street Retired Chairman and Chief
5th Floor Executive Officer
San Francisco, CA 94104 BankAmerica Corporation and
Bank of America NT&SA
San Francisco, CA
(principal business: banking
and finance)
*A Michael Spence Memorial Way, Room 140 Dean of Graduate School of
Stanford, CA 94305 Business
Stanford University
Stanford, CA
(principal business: education)
Martin A. Stein 555 California Street Vice Chairman
40th Floor BankAmerica Corporation and
San Francisco, CA 94104 Bank of America NT&SA
San Francisco, CA
(principal business: banking
and finance)
*Solomon D. Trujillo 1801 California Street President and Chief Executive
52nd Floor Officer
Denver, CO 80202 US West Communications Group
Denver, CO
(principal business:
communication)
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CUSIP No. 61980K101 Page 10 of 11
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EXHIBIT 99.5
Board of Directors April 28, 1997
Bank of America NT&SA
GENERAL OPERATING RESOLUTION (Excerpts from)
--------------------------------------------
The Board of Directors of Bank of America NT&SA ("BofA") authorizes and
determines as follows:
1. Certain officers of BofA ("Authorized Signers") are authorized to
act on behalf of BofA as set forth in the attached "Signing Authorities Chart."
2. For the purposes of this resolution, "officer" refers to a BofA
officer holding one of the officer titles listed below, and "officer" refers
to any BofA officer. The incumbency of any officer may be certified by the
Secretary or any Assistant Secretary. References in this resolution to the
ranking of officer titles refers to the ranking shown in the following list of
Officers:
the Chief Executive Officer ("CEO")
the Chairman of the Board
the President
any Vice Chairman of the Board ("VC of the Bd")
the Chief Operating Officer ("COO")
the President, Global Retail Bank
the President, Global Wholesale Bank
any Vice Chairman ("VC")
the Chief Financial Officer ("CFO")
any Group Executive Vice President ("GEVP")
any Executive Vice President ("EVP")
any Senior Vice President ("SVP")
the Cashier
the Secretary
the Treasurer
any Managing Director
any Senior Authorized Officer
any Vice President ("VP")
any Assistant Vice President
any Authorized Officer
any Senior Trust Officer
any Trust Officer
any Assistant Secretary
any Assistant Cashier
<PAGE>
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CUSIP No. 61980K101 Page 11 of 11
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VI. REGULATORY MATTERS
Action or Transaction Authorized Signer(s)
Execution of any document or Any one Officer at the
other writings and any level of VP or above,
amendments, withdrawals or or any one attorney in
terminations thereof for the Legal or Tax
submission to or filing with Departments of BofA
any federal, state, local or holding the officer
foreign regulatory authorities. title of Counsel or
above.
