-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HpsD9K0Q00Q65c5EF2xCkR4LHNnj3jA/3tR3i6f828H8ql4ubDMKA1QNDDjD1Xxn 1tRBdY1Y8irF79O14eFBsw== 0000898430-97-004040.txt : 19970926 0000898430-97-004040.hdr.sgml : 19970926 ACCESSION NUMBER: 0000898430-97-004040 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970925 SROS: NYSE GROUP MEMBERS: KIRK KERKORIAN GROUP MEMBERS: TRACINDA CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MGM GRAND INC CENTRAL INDEX KEY: 0000789570 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880215232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40054 FILM NUMBER: 97685317 BUSINESS ADDRESS: STREET 1: 3799 LAS VEGAS BLVD S CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 7028913333 MAIL ADDRESS: STREET 1: PO BOX 98655 CITY: LAS VEGAS STATE: NV ZIP: 89193-8655 FORMER COMPANY: FORMER CONFORMED NAME: GRAND NAME CO DATE OF NAME CHANGE: 19870713 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRACINDA CORP CENTRAL INDEX KEY: 0000319029 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NV FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4045 S. SPENCER #A57 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7027378060 SC 13D/A 1 AMENDMENT #7 TO SCHEDULE 13D ------------------------- OMB APPROVAL ------------------------- OMB NUMBER: 3235-01-45 EXPIRES: AUGUST 31, 1991 ESTIMATED AVERAGE BURDEN HOURS PER RESPONSE..14.29 ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 7 )* ----- MGM Grand, Inc. ------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value --------------------------------------------------- (Title of Class of Securities) 552953101 ----------------------------------------- (CUSIP Number) Richard E. Sobelle, Esq. (702) 737-8060 Tracinda Corporation 4835 Koval Lane, Las Vegas, NV 89109 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 25, 1997 --------------------------------------------------------- (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 disclosures 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). - ----------------------- --------------------- CUSIP NO. 13D PAGE _ OF _ PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kirk Kerkorian - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 BK - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] 5 - ------------------------------------------------------------------------------ CITENZENSHIP OR PLACE OF ORGANIZATION 6 USA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 36,239,822 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 36,239,822 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 36,239,822 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 62.5% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 13D PAGE _ OF _ PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Tracinda Corporation - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 BK - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] 5 - ------------------------------------------------------------------------------ CITENZENSHIP OR PLACE OF ORGANIZATION 6 Nevada - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 32,345,416 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 32,345,416 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 32,345,416 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 55.7% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! This Amendment No. 7 amends and supplements the Statement on Schedule 13D (as previously amended, the "Schedule 13D"), relating to the common stock par value $.01 per share (the "Shares"), of MGM Grand, Inc., a Delaware corporation (the "Company"), previously filed by Mr. Kerkorian and Tracinda Corporation ("Tracinda"). Terms used and not defined in this Amendment have the meaning set forth in the Schedule 13D. 1. Item 3, "Source and Amount of Funds or Other Consideration"; Item 4, "Purpose of Transaction"; Item 5, "Interest in Securities of the Issuer" and Item 6, "Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer" of the Schedule 13D are hereby amended to add the following information: On September 25, 1997, Tracinda purchased in a private transaction 618,557 Shares of the Company pursuant to a Letter Agreement dated September 25, 1997 between Tracinda and the Trustee of that certain Trust Agreement dated as of October 23, 1996 by and between Don King Productions, Inc., a New York corporation, Mike Tyson, John Horne, Rory Holloway, MGM Grand, Inc., MGM Grand Hotel, Inc. and Lionel Sawyer & Collins, Ltd., a professional corporation, as Trustee. A copy of said Letter Agreement is attached hereto as Exhibit A and incorporated herein by reference. Tracinda acquired said shares for $44.50 per share for an aggregate purchase price of $27,525,786.50. Such purchase price was funded by borrowings under a bank Credit Agreement, a copy of which has been previously filed as an exhibit to this Schedule 13D. As a result of said purchase, Kirk Kerkorian and Tracinda beneficially own an aggregate of 36,239,822 shares or approximately 62.5% of the outstanding shares, as to which they have sole voting and dispositive power. 2. Except as specifically provided herein, this amendment does not modify any of the information previously reported on the Schedule 13D. 3. Item 7, Material to be Filed as Exhibits. a. Letter Agreement dated September 25, 1997 SIGNATURE - --------- After a 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. TRACINDA CORPORATION BY: /s/ Anthony Mandekic --------------------------- Anthony Mandekic Secretary/Treasurer Dated: September 25, 1997 EX-99.1 2 LETTER AGREEMENT DATED SEPTEMBER 24, 1997 EXHIBIT 99.1 Exhibit A [LETTERHEAD OF TRACINDA CORPORATION] September 25, 1997 Lionel Sawyer & Collins, Ltd., as Trustee 300 South Fourth Street Las Vegas, Nevada 89101 Attention: Paul R. Hejmanowski, Esq. Re: Common stock of MGM Grand, Inc. Gentlemen: Reference is hereby made to that certain Trust Agreement dated as of October 23, 1996 by and between, among others, Don King Productions, Inc., a New York corporation and Lionel Sawyer & Collins, Ltd., a professional corporation, as Trustee ("the Trustee"). The undersigned, Tracinda Corporation, a Nevada corporation ("Purchaser") hereby offers to purchase (the "Offer") from the above described Trust, six hundred and eighteen thousand five hundred and fifty-seven (618,557) shares of the outstanding common stock of MGM Grand, Inc., a Delaware corporation (the "Shares") at the purchase price of Forty-four Dollars and Fifty cents ($44.50) per share for an aggregate consideration of Twenty-seven Million, Five Hundred Twenty-five Thousand, Seven Hundred Eighty-six Dollars and Fifty cents ($27,525,786.50) (the "Purchase Price") pursuant to the following terms and conditions: 1. Payment of Purchase Price: The Purchase Price will be paid by wire ------------------------- transfer of funds to an account specified in writing by Trustee within three (3) business days of acceptance of this offer; 2. Delivery of Shares: Concurrently with the payment of the Purchase Price, ------------------ Trustee shall deliver to Purchaser at Trustee's above address, stock certificates evidencing the shares together with duly endorsed stock powers in favor of Purchaser; 3. Good Title: Upon acceptance of this offer, Trustee on behalf of the ---------- Trust only, warrants that the delivery of the shares as provided herein, shall transfer to Purchaser, valid title thereto, free and clear of any lien, charge, claim, right of any third party, adverse claim or any encumbrance of any nature whatsoever; 4. Acceptance of Offer: This offer must be accepted by Trustee, in ------------------- writing and delivered to Purchaser at its principal office at 4835 Koval Lane, Las Vegas, Nevada 89109, Attention: Anthony Mandekic, Secretary/Treasurer no later than 5:00 pm PST on September 26, 1997. Sincerely, TRACINDA CORPORATION By /s/ Richard E. Sobelle ---------------------- Richard E. Sobelle Acceptance: - ---------- The above offer is hereby accepted: LIONEL SAWYER & COLLINS, LTD., a professional corporation, as Trustee By /s/ Paul R. Hejmanowski ----------------------- Date: September 25, 1997 -----END PRIVACY-ENHANCED MESSAGE-----