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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
SCIENTIFIC GAMES CORPORATION
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(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
0533223 10 1
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(CUSIP Number)
BARRY F. SCHWARTZ
MAFCO 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)
AUGUST 3, 2004
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box: [ ].
(Continued on following pages)
(Page 1 of 6 Pages)
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SCHEDULE 13D
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CUSIP No. 0533223 10 1 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
MAFCO HOLDINGS INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
------------- ----- ------------------------------------------------------------
3 SEC USE ONLY |_|
------------- ----- ------------------------------------------------------------
4 SOURCE OF FUNDS
BK, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
------------- ----- ------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
21,915,089
NUMBER OF
------- ----------------------------------------------------
8 SHARED VOTING POWER
SHARES
-0-
BENEFICIALLY
------- ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
OWNED BY
21,915,089
EACH
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10 SHARED DISPOSITIVE POWER
REPORTING
-0-
PERSON WITH
------------------- ------- ----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,915,089
------------------- ------------------------------------------------------------
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)
25.8%*
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14 TYPE OF REPORTING PERSON
CO
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* See item 5.
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SCHEDULE 13D
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CUSIP No. 0533223 10 1 Page 3 of 6 Pages
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------------- ----- ------------------------------------------------------------
1 NAME OF REPORTING PERSON
SGMS ACQUISITION CORPORATION
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
------------- ----- ------------------------------------------------------------
3 SEC USE ONLY |_|
------------- ----- ------------------------------------------------------------
4 SOURCE OF FUNDS
BK, WC
------------- ----- ------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
------------- ----- ------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
------------- ----- ------------------------------------------------------------
7 SOLE VOTING POWER
21,915,089
NUMBER OF
------- ----------------------------------------------------
8 SHARED VOTING POWER
SHARES
-0-
BENEFICIALLY
------- ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
OWNED BY
21,915,089
EACH
------- ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING
-0-
PERSON WITH
------------------- ------- ----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,915,089
------------------- ------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
------------------- ------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.8%*
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14 TYPE OF REPORTING PERSON
CO
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* See item 5.
ITEM 1: SECURITY AND ISSUER
This Amendment No. 1 to the statement on Schedule 13D originally filed on
November 26, 2003 relates to the Class A common stock, par value $0.01 per share
("Common Stock"), of Scientific Games Corporation, a Delaware corporation (the
"Issuer").
ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended by inserting the following immediately after the
last paragraph thereof:
On August 4, 2004, following the Conversion (as defined in Item 5), SGMS
Acquisition Corporation ("SAC"), a wholly-owned subsidiary of Mafco Holdings
Inc., increased the amount of Common Stock pledged to each of Bank of America
and HSBC in connection with certain loan transactions.
ITEM 4: PURPOSE OF TRANSACTION
Item 4 is hereby amended by inserting the following immediately after the
last paragraph thereof:
SAC elected to effect the Conversion in view of the fact that under the
terms of the Series A Certificate, the Issuer would otherwise have had the
right, beginning on or about August 21, 2004, to redeem all of the Series A
Shares for 105% of the liquidation preference of those shares, which was
approximately 34% of the market value of the Common Stock underlying the Series
A Shares at the time of conversion. The Conversion will not affect SAC's right
to designate up to four members of the Issuer's board of directors and to
approve certain significant corporate transactions. SAC has no current intention
of reducing its investment in the Issuer.
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended by inserting the following immediately after the
penultimate paragraph thereof:
On August 3, 2004, SAC converted all of its 1,218,479 Series A Shares into
21,915,089 shares of Common Stock pursuant to the terms of the Series A
Certificate (the "Conversion"). Concurrently with the Conversion, the Issuer
redeemed all of SAC's 1,097.664 Series B Shares pursuant to the terms of the
Series B Certificate for an aggregate redemption price of $1,097.67.
According to the Issuer's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2004, there were, as of May 7, 2004, 63,168,281 shares of Common
Stock issued and outstanding. Based on the foregoing, immediately following the
Conversion, SAC had sole voting power and sole dispositive power over 25.8% of
the Common Stock.
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On August 5, 2004, Howard Gittis purchased 10,000 shares of Common Stock
and Barry Schwartz purchased 5,000 shares of Common Stock, in each case in the
open market. The average price paid by Mr. Gittis was $16.48 per share and the
average price paid by Mr. Schwartz was $17.01 per share. In addition, the Issuer
granted each of the New Directors 1,781 shares of restricted Common Stock on
January 2, 2004 pursuant to its director compensation policies.
5
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.
Dated as of: August 9, 2004
MAFCO HOLDINGS INC.
By: /s/ Barry F. Schwartz
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Name: Barry F. Schwartz
Title: Executive Vice President
and General Counsel
SGMS ACQUISITION CORPORATION
By: /s/ Barry F. Schwartz
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Name: Barry F. Schwartz
Title: Executive Vice President,
Secretary, Treasurer
and General Counsel
6