Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Aspen Technology, Inc.
(Name of Issuer)
Common stock, par value $0.0001 per share
(Title of Class of Securities)
29109X106
(CUSIP Number)
Sara Yang Bosco
Senior Vice President, Secretary & Chief Legal Officer
Emerson Electric Co.
8000 West Florissant Avenue
St. Louis, MO 63136
314-553-2000
With a Copy to:
Phillip R. Mills
Marc O. Williams
Cheryl Chan
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
212-450-4000
(Name, Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
October 6, 2023
(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 § 240.13d-1(e), 240.13d-1(f) or 240.13d-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 § 240.13d-7(b) 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).
SCHEDULE 13D
| CUSIP No. 29109X106 | Page 2 of 15 Pages |
| 1 |
NAMES OF REPORTING PERSONS
Emerson Electric Co. | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐ | |
| 3 | SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS (See Instructions)
WC, OO | |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
| 8 |
SHARED VOTING POWER
36,307,514 | |
| 9 |
SOLE DISPOSITIVE POWER
0 | |
| 10 |
SHARED DISPOSITIVE POWER
36,307,514 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,307,514 | |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐ |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.39 % | |
| 14 |
TYPE OF REPORTING PERSON (See Instructions)
CO | |
SCHEDULE 13D
| CUSIP No. 29109X106 | Page 3 of 15 Pages |
| 1 |
NAMES OF REPORTING PERSONS
EMR Holdings, Inc. | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐ | |
| 3 | SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS (See Instructions)
WC, OO | |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
| 8 |
SHARED VOTING POWER
36,307,514 | |
| 9 |
SOLE DISPOSITIVE POWER
0 | |
| 10 |
SHARED DISPOSITIVE POWER
36,307,514 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,307,514 | |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐ |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.39% | |
| 14 |
TYPE OF REPORTING PERSON (See Instructions)
CO | |
SCHEDULE 13D
| CUSIP No. 29109X106 | Page 4 of 15 Pages |
| 1 |
NAMES OF REPORTING PERSONS
EMR Worldwide Inc. | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐ | |
| 3 | SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS (See Instructions)
WC, OO | |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
| 8 |
SHARED VOTING POWER
36,307,514 | |
| 9 |
SOLE DISPOSITIVE POWER
0 | |
| 10 |
SHARED DISPOSITIVE POWER
36,307,514 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,307,514 | |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐ |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.39% | |
| 14 |
TYPE OF REPORTING PERSON (See Instructions)
CO | |
SCHEDULE 13D
| CUSIP No. 29109X106 | Page 5 of 15 Pages |
| 1 |
NAMES OF REPORTING PERSONS
EMR US Holdings LLC | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐ | |
| 3 | SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS (See Instructions)
WC, OO | |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
| 8 |
SHARED VOTING POWER
36,307,514 | |
| 9 |
SOLE DISPOSITIVE POWER
0 | |
| 10 |
SHARED DISPOSITIVE POWER
36,307,514 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,307,514 | |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐ |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.39% | |
| 14 |
TYPE OF REPORTING PERSON (See Instructions)
OO | |
SCHEDULE 13D
| CUSIP No. 29109X106 | Page 6 of 15 Pages |
| 1 |
NAMES OF REPORTING PERSONS
Rutherfurd US LLC | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐ | |
| 3 | SEC USE ONLY
| |
| 4 |
SOURCE OF FUNDS (See Instructions)
WC, OO | |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 |
SOLE VOTING POWER
36,307,514 |
| 8 |
SHARED VOTING POWER
0 | |
| 9 |
SOLE DISPOSITIVE POWER
36,307,514 | |
| 10 |
SHARED DISPOSITIVE POWER
0 |
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,307,514 | |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
|
☐ |
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.39% | |
| 14 |
TYPE OF REPORTING PERSON (See Instructions)
OO | |
Schedule 13D/A
Explanatory Note
This Amendment No. 1 (this “Amendment No. 1”) amends the Schedule 13D (the “Schedule 13D”) filed with the U.S. Securities and Exchange Commission (the “Commission”) on May 26, 2022, and is made pursuant to Rule 13d-1(a) of the Act.
The Schedule 13D is hereby amended and supplemented as detailed below, and, except as amended and supplemented hereby, the Schedule 13D remains in full force and effect. All capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the Schedule 13D.
The purpose of this Amendment No. 1 is to report (i) a change in beneficial ownership as a result of (a) the contribution of 36,307,514 shares of Common Stock by EMR Worldwide Inc. (“Emerson Sub”) to its subsidiary EMR US Holdings LLC (“EMR US Holdings”) and (b) the contribution of 36,307,514 shares of Common Stock by EMR US Holdings to its subsidiary Rutherfurd US LLC (“EMR US LLC”) and (ii) the joinder of EMR US LLC to the Stockholders Agreement, dated as of May 16, 2022, between Aspen Technology, Inc, Emerson Electric Co. (“Emerson”) and Emerson Sub (the “Stockholders Agreement”). The aggregate number of shares of Common Stock that may be deemed to be beneficially owned by Emerson has not changed from the Schedule 13D filed on May 26, 2022.
| Item 2. | Identity and Background. |
Item 2 to the Schedule 13D is hereby supplemented and amended by adding the following as Reporting Persons:
| 4. |
EMR US Holdings, a limited liability company organized under the laws of the State of Delaware, is a holding company and a subsidiary of Emerson Sub. The principal office address of Emerson Sub is 8000 West Florissant Avenue, St. Louis, MO 63136.
|
| 5. |
EMR US LLC, a limited liability company organized under the laws of the State of Delaware, is a holding company and a subsidiary of EMR US Holdings. The principal office address of Emerson Sub is 8000 West Florissant Avenue, St. Louis, MO 63136.
|
During the last five years, none of the Reporting Persons and, to the best of each Reporting Person’s knowledge, none of the directors or executive officers of such applicable Reporting Person listed on Schedules I through V hereto, have 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 and as a result of such proceeding 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.
|
Item 3. |
Source and Amount of Funds or Other Consideration. |
Item 3 to the Schedule 13D is hereby supplemented and amended by adding the following:
Emerson Sub contributed 36,307,514 shares of Common Stock to EMR US Holdings in exchange for 7,289,500 shares in EMR US Holdings.
EMR US Holdings contributed 36,307,514 shares of Common Stock to EMR US LLC in exchange for 5,179,998 shares in EMR US LLC.
| Item 4. | Purpose of Transaction. |
The information set forth in the cover pages and in Item 2, Item 3 and Item 6 hereof is incorporated by reference into this Item 4.
| Item 5. | Interest in Securities of the Issuer. |
Item 5 to the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) Based on the most recent information available, the aggregate number and percentage of the Common Stock (the securities identified pursuant to Item 1 of this Schedule 13D) that are beneficially owned by such Reporting Person is set forth in boxes (11) and (13), respectively, on the cover page to this Schedule 13D for each of the Reporting Persons, and such information is incorporated herein by reference. The percentages reported herein are calculated based upon 64,382,647 issued and outstanding shares of Common Stock as of August 15, 2023 as reported by the Issuer in its Annual Report on Form 10-K filed with the Commission on August 21, 2023.
To the best knowledge of the Reporting Persons, none of the individuals named on Schedules I-V attached hereto beneficially own any shares of Common Stock.
(b) EMR US LLC directly holds 36,307,514 shares of Common Stock and, as such, is deemed to have sole voting power and sole dispositive power with respect to 36,307,514 shares of Common Stock. EMR US LLC is a subsidiary of EMR US Holdings, EMR US Holdings is a subsidiary of Emerson Sub, Emerson Sub is a subsidiary of EMR Holdings and EMR Holdings is a direct, wholly owned subsidiary of Emerson and as such, each of Emerson Sub, EMR US Holdings, EMR Holdings and Emerson is deemed to have shared voting power and shared dispositive power with respect to the 36,307,514 shares of Common Stock held directly by EMR US LLC.
(c) Other than as disclosed in this Schedule 13D/A, no transactions involving shares of Common Stock were effected during the past sixty days.
(d) To the best knowledge of the Reporting Persons, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of Common Stock reported herein as beneficially owned by the Reporting Persons other than each of the Reporting Persons.
(e) Not applicable.
| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Item 6 to the Schedule 13D is hereby supplemented and amended by adding the following:
Contribution and Joinder
Emerson Sub contributed 36,307,514 shares of Common Stock to EMR US Holdings in exchange for 7,289,500 shares in EMR US Holdings, and EMR US Holdings contributed 36,307,514 shares of Common Stock to EMR US LLC in exchange for 5,179,998 shares in EMR US LLC .
EMR US LLC is a party to the Stockholders Agreement and is a member of the Emerson Group.
The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Contribution Agreement and the joinder to the Stockholders Agreement, copies of which are attached hereto as Exhibits 99.2 and 99.3, respectively, and incorporated herein by reference.
| Item 7. | Materials to be Filed as Exhibits. |
SIGNATURE
After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: October 11, 2023
|
EMERSON ELECTRIC CO. |
|||
| By: | /s/ John A. Sperino | ||
| Name: | John A. Sperino | ||
| Title: | Vice President and Assistant Secretary | ||
|
EMR HOLDINGS, INC. |
|||
| By: | /s/ John A. Sperino | ||
| Name: | John A. Sperino | ||
| Title: | Vice President and Secretary | ||
|
EMR WORLDWIDE INC. |
|||
| By: | /s/ John A. Sperino | ||
| Name: | John A. Sperino | ||
| Title: | Vice President and Secretary | ||
|
EMR US HOLDINGS LLC |
|||
| By: | /s/ John A. Sperino | ||
| Name: | John A. Sperino | ||
| Title: | Authorized Signatory | ||
|
RUTHERFURD US LLC |
|||
| By: | /s/ John A. Sperino | ||
| Name: | John A. Sperino | ||
| Title: | Authorized Signatory | ||
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS OF
EMERSON ELECTRIC CO.
The following table sets forth certain information with respect to the directors and executive officers of Emerson Electric Co. The business address of each director and executive officer of Emerson Electric Co. is 8000 West Florissant Avenue, St. Louis, MO 63136.
| Name | Present Principal Occupation or Employment |
Citizenship | ||
| James S. Turley (Director) |
Chair of the Board, Emerson St. Louis, MO |
United States | ||
| Mark A. Blinn (Director) |
Director, Emerson St. Louis, MO |
United States | ||
| Joshua B. Bolten (Director) |
President and Chief Executive Officer, Business Roundtable Washington D.C. |
United States | ||
| Martin S. Craighead (Director) |
Director, Emerson St. Louis, MO |
United States | ||
| William H. Easter III (Director) |
Director, Emerson St. Louis, MO |
United States | ||
| Gloria A. Flach (Director) |
Director, Emerson St. Louis, MO |
United States | ||
| Arthur F. Golden (Director) |
Senior Counsel, Davis Polk & Wardwell New York, NY |
United States | ||
| Leticia Goncalves (Director) |
President, Global Foods for Archer Daniels Midland Company (ADM) Chicago, IL |
United States | ||
| Candace Kendle (Director) |
Director, Emerson St. Louis, MO |
United States | ||
| Lori Lee (Director) |
CEO, AT&T Latin America & Global Marketing Officer, AT&T Inc. Dallas, TX |
United States | ||
| James M. McKelvey (Director) | CEO, Invisibly Inc. St. Louis, MO |
United States | ||
| Matthew S. Levatich (Director) |
Director, Emerson St. Louis, MO |
United States | ||
| Surendralal (Lal) L. Karsanbhai (Director, President and Chief Executive Officer) |
President and Chief Executive Officer, Emerson St. Louis, MO |
United States | ||
| Michael J. Baughman |
Executive Vice President, Chief Financial Officer and Chief Accounting Officer, Emerson St. Louis, MO |
United States | ||
| Ram R. Krishnan |
Executive Vice President and Chief Operating Officer, Emerson St. Louis, MO |
United States | ||
| Peter Zornio |
Senior Vice President and Chief Technology Officer, Emerson St. Louis, MO |
United States |
| Name | Present Principal Occupation or Employment |
Citizenship | ||
| Sara Y. Bosco |
Senior Vice President, Secretary and Chief Legal Officer, Emerson St. Louis, MO |
United States | ||
| Vidya Ramnath |
Senior Vice President and Chief Marketing Officer, Emerson St. Louis, MO |
United States | ||
| Lisa A. Flavin |
Senior Vice President, Chief Transformation and Chief Compliance Officer, Emerson St. Louis, MO |
United States | ||
| Michael H. Train |
Senior Vice President and Chief Sustainability Officer, Emerson St. Louis, MO |
United States | ||
| Nick Piazza |
Senior Vice President and Chief People Officer, Emerson St. Louis, MO |
United Kingdom |
SCHEDULE II
DIRECTORS AND EXECUTIVE OFFICERS OF
EMR HOLDINGS, INC.
The following table sets forth certain information with respect to the directors and executive officers of EMR Holdings, Inc. The business address of each director and executive officer of EMR Holdings, Inc. is 8000 West Florissant Avenue, St. Louis, MO 63136.
| Name | Present Principal Occupation or Employment |
Citizenship | ||
| Christopher J. Cassulo (Director, President) |
Director, State & Local Taxes, Emerson St. Louis, MO |
United States | ||
| John A. Sperino (Director, Vice President & Secretary) |
Vice President - Governance & Securities and Assistant Secretary, Emerson St. Louis, MO |
United States | ||
| Kirk A. Wippermann (Director) |
Vice President International Tax, Emerson St. Louis, MO |
United States |
SCHEDULE III
DIRECTORS AND EXECUTIVE OFFICERS OF
EMR WORLDWIDE INC.
The following table sets forth certain information with respect to the directors and executive officers of EMR Worldwide Inc. The business address of each director and executive officer of EMR Worldwide Inc. is 8000 West Florissant Avenue, St. Louis, MO 63136.
| Name | Present Principal Occupation or Employment |
Citizenship | ||
| John A. Sperino (Director, President & Secretary) |
Vice President - Governance & Securities and Assistant Secretary, Emerson St. Louis, MO |
United States | ||
| James H. Thomasson (Director, Treasurer) |
Vice President & Treasurer, Emerson St. Louis, MO |
United States | ||
| Kirk A. Wippermann (Director, Vice President & Assistant Treasurer) |
Vice President International Tax, Emerson St. Louis, MO |
United States |
SCHEDULE IV
MANAGERS AND EXECUTIVE OFFICERS OF
EMR US HOLDINGS LLC
The following table sets forth certain information with respect to the managers and executive officers of EMR US Holdings LLC. The business address of each manager and executive officer of EMR US Holdings LLC is 8000 West Florissant Avenue, St. Louis, MO 63136.
| Name | Present Principal Occupation or Employment |
Citizenship | ||
| John A. Sperino (Manager, President & Secretary) |
Vice President - Governance & Securities and Assistant Secretary, Emerson St. Louis, MO |
United States | ||
| James H. Thomasson (Manager, Vice President & Treasurer) |
Vice President & Treasurer, Emerson St. Louis, MO |
United States | ||
| Kirk A. Wippermann (Manager) |
Vice President International Tax, Emerson St. Louis, MO |
United States |
SCHEDULE V
MANAGERS AND EXECUTIVE OFFICERS OF
RUTHERFURD US LLC
The following table sets forth certain information with respect to the managers and executive officers of Rutherfurd US LLC. The business address of each manager and executive officer of Rutherfurd US LLC is 8000 West Florissant Avenue, St. Louis, MO 63136.
| Name | Present Principal Occupation or Employment |
Citizenship | ||
| John A. Sperino (Manager, President & Secretary) |
Vice President - Governance & Securities and Assistant Secretary, Emerson St. Louis, MO |
United States | ||
| James H. Thomasson (Manager, Vice President & Treasurer) |
Vice President & Treasurer, Emerson St. Louis, MO |
United States | ||
| Kirk A. Wippermann (Manager) |
Vice President International Tax, Emerson St. Louis, MO |
United States |