SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934*
(Amendment No. 1)
Tesma International Inc.
(Name of Issuer)
Class A Subordinate Voting Shares
(Title of Class of Securities)
881908107
(CUSIP Number)
J. Brian Colburn
Executive Vice President, Special Projects and Secretary
Magna International Inc.
337 Magna Drive
Aurora, Ontario L4G 7K1
(905) 726-2462
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
with a copy to:
Scott M. Freeman Kenneth G. Alberstadt
Sidley Austin Brown & Wood LLP Law Office of Kenneth G. Alberstadt
787 Seventh Avenue 111 Broadway, 18th Floor
New York, New York 10019 New York, NY 10006
(212) 839-5300 (212) 404-7556
October 22, 2004
(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 [_].
Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
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* 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 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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CUSIP No. 881908107 SCHEDULE 13D Page 2 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STRONACH TRUST
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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 ITEM 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA
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NUMBER OF 7 SOLE VOTING POWER 14,253,448
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NOT APPLICABLE
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 14,253,448
REPORTING ------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NOT APPLICABLE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,253,448
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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)
44.0%
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14 TYPE OF REPORTING PERSON*
OO
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CUSIP No. 881908107 SCHEDULE 13D Page 3 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
445327 ONTARIO LIMITED
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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 ITEM 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA
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NUMBER OF 7 SOLE VOTING POWER 14,253,448
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NOT APPLICABLE
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 14,253,448
REPORTING ------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NOT APPLICABLE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,253,448
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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)
44.0%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP No. 881908107 SCHEDULE 13D Page 4 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MAGNA INTERNATIONAL 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*
OO
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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
ONTARIO, CANADA
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NUMBER OF 7 SOLE VOTING POWER 14,253,448
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NOT APPLICABLE
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 14,253,448
REPORTING ------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NOT APPLICABLE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,253,448
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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)
44.0%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP No. 881908107 SCHEDULE 13D Page 5 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
1128969 ONTARIO 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*
OO
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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
ONTARIO, CANADA
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NUMBER OF 7 SOLE VOTING POWER 4,484,447
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NOT APPLICABLE
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 4,484,447
REPORTING ------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NOT APPLICABLE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,484,447
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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)
19.8%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP No. 881908107 SCHEDULE 13D Page 6 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FRANK STRONACH
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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 ITEM 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
AUSTRIA
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NUMBER OF 7 SOLE VOTING POWER 14,503,448
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NOT APPLICABLE
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 14,503,448
REPORTING ------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NOT APPLICABLE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,503,448
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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)
44.5%
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14 TYPE OF REPORTING PERSON*
IN
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CUSIP No. 881908107 SCHEDULE 13D Page 7 of 9 Pages
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Item 1. Security and Issuer.
This Amendment No. 1 to Schedule 13D amends (i) the Statement on
Schedule 13D relating to the Class A Subordinate Voting Shares (the "Class A
Shares") of Tesma International Inc. (the "Issuer") originally filed on
February 14, 2002, by the Stronach Trust ("Stronach Trust"), a trust formed
under the laws of Ontario, Canada, 445327 Ontario Limited ("445327"), an
Ontario, Canada corporation, Magna International Inc. ("Magna"), an Ontario,
Canada corporation, and 1265058 Ontario Inc. ("1265058"), an Ontario, Canada
corporation, and (ii) the Statement on Schedule 13D relating to the Class A
Shares originally filed on September 9, 2003 by Frank Stronach. This Amendment
No. 1 is filed by Stronach Trust, 445327, Magna, 1265058 and Frank Stronach.
Item 2. Identity and Background
Mr. Stronach's principal business address is Badener Strasse 12,
Oberwaltersdorf, Austria 2522. Mr. Stronach is a partner of Stronach & Co
("S&Co"), an entity that provides consulting services to certain subsidiaries
of Magna. In addition, Mr. Stronach is the Chairman of the Board of Magna, the
Chairman of the Board of MI Developments Inc. ("MID") and the Chairman of the
Board of Magna Entertainment Corp. ("MEC").
During the last five years, Mr. Stronach has not been: (i)
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors); or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which he was or
is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, Federal or State
securities laws or finding any violation with respect to such laws. Mr.
Stronach is a citizen of Austria.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Original 13D is amended to disclose that the Class A
Subordinate Voting Shares of Magna ("Magna Class A Shares") and cash to be
paid as purchase consideration for the Class A Shares acquired by Magna in the
proposed transaction will be provided by Magna (with respect to such cash,
from internal funds).
Item 4. Purpose of Transaction.
On October 25, 2004, Magna issued a press release (the "Press
Release") disclosing that it intends to acquire all the outstanding Class A
Subordinate Voting Shares of the Issuer that it does not already own. The
foregoing description is qualified in its entirety by reference to the Press
Release, which is attached hereto as Exhibit 99.1, and which is incorporated
herein by reference.
Item 5. Interest in Securities of the Issuer.
Page 8
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CUSIP No. 881908107 SCHEDULE 13D Page 8 of 9 Pages
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Mr. Stronach is a principal in Stronach & Co. ("S&Co."), a
consulting firm providing services to certain subsidiaries
of Magna, and may be deemed to be the beneficial owner of
250,000 Class A Shares issuable upon exercise of a currently
outstanding option (the "S&Co Option") held by S&Co. that
was issued to S&Co. on October 25, 1999 in consideration for
consulting services to be rendered to the Issuer pursuant to
a consulting agreement with S&Co. The S&Co Option will vest
and become exercisable with respect to an additional 50,000
Class A Shares on October 25, 2005 provided that the
consulting agreement currently in effect between S&Co. and
the Issuer is not terminated prior to such date. If the
proposed acquisition by Magna is consummated as planned, the
S & Co Option will cease to be exercisable for Class A
Shares. The filing of this statement shall not be construed
as an admission that Mr. Stronach beneficially owns any
Class A Shares that are or may be deemed to be beneficially
owned by S&Co. Without limitation of the foregoing, Mr.
Stronach disclaims beneficial ownership of such Class A
Shares for purposes other than U.S. securities law purposes.
Mr. Stronach acts as one of four trustees of the Stronach
Trust. The remaining trustees of the Stronach Trust are
members of the reporting person's family. Mr. Stronach is
entitled to appoint additional trustees and to remove
trustees. Determinations by the Stronach Trust are made by a
majority of the trustees, which majority must include the
reporting person.
The Stronach Trust owns all the outstanding shares of 445327
Ontario Limited ("445327"), of which the reporting person is
the sole director. 445327 holds 726,829 Class B Shares of
Magna, such shares representing approximately 56.4% of the
total votes carried by the outstanding voting stock of
Magna. The reporting person may be deemed to be the
beneficial owner of 14,253,448 Class A Shares beneficially
owned by Magna, 1128969 and 1620364 Ontario Inc., a wholly
owned subsidiary of Magna ("1620364") (including 14,233,900
Class A Shares issuable upon conversion of an equivalent
number of Class B Shares held in the aggregate by Magna and
1128969). The filing of this statement shall not be
construed as an admission that Mr. Stronach beneficially
owns any Class A Shares that are or may be deemed to be
beneficially owned by the Stronach Trust, 445327, Magna,
1128969 or 1620364. Without limitation of the foregoing, Mr.
Stronach disclaims beneficial ownership of such Class A
Shares for purposes other than U.S. securities law purposes.
Assuming the beneficial ownership of all Class A Shares as
to which beneficial ownership is disclaimed herein, Mr.
Stronach is the beneficial owner of 14,503,448 Class A
Shares, representing 44.5% of the Class A Shares (determined
in accordance with Rule 13d-3).
(b) The reporting person may be deemed to have sole voting and
dispositive power with respect to the 14,503,448 Class A
Shares that are the subject of this Amendment.
(c) During the sixty days preceding the filing of this
Amendment, the reporting person did not acquire any
securities of the Company.
(d)-(e) Not applicable.
Item 7. Material to be Filed as Exhibits.
Exhibit 99.1 Press Release dated October 25, 2004, issued by Magna
Page 9
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CUSIP No. 881908107 SCHEDULE 13D Page 9 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, each of the undersigned certifies as to itself that the
information set forth in this statement is true, complete and correct.
Dated: October 27, 2004
THE STRONACH TRUST
By: /s/ Frank Stronach
---------------------------------
Name: Frank Stronach
Title: Trustee
445327 ONTARIO LIMITED
By: /s/ Frank Stronach
---------------------------------
Name: Frank Stronach
Title: President
MAGNA INTERNATIONAL INC.
By: /s/ Frank Stronach
---------------------------------
Name: Frank Stronach
Title: Chairman
1128969 ONTARIO INC.
By: /s/ J. Brian Colburn
---------------------------------
Name: J. Brian Colburn
Title: Executive Vice-President
and Secretary
/s/ Frank Stronach
---------------------------
Frank Stronach