UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 21, 2016
ASPEN TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware | 0-24786 | 04-2739697 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
20 Crosby Drive, Bedford, MA | 01730 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (781) 221-6400
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
On July 21, 2016, the board of directors elected R. Halsey Wise as one of our Class I directors effective immediately. His term will expire at the 2018 Annual Meeting of Stockholders. He was also appointed to serve on the Audit Committee and the Nominating and Corporate Governance Committee of our board of directors.
Upon his election to the board, Mr. Wise was granted 2,303 Restricted Stock Units and an option to acquire 3,936 shares of our common stock. He will receive cash compensation in accordance with our director compensation policy as described in the company’s definitive proxy statement on Schedule 14A filed on October 23, 2015.
Mr. Wise is currently Chairman and Chief Executive of Lime Barrel Advisors, LLC, a private investment firm he founded in 2010. On July 21, 2016, we issued a press release announcing his election to our board of directors. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed as part of this report:
Exhibit No. | Description | |
99.1 | Press release issued by Aspen Technology, Inc. on July 21, 2016. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ASPEN TECHNOLOGY, INC. | ||
Date: July 25, 2016 | By: | /s/ Frederic G. Hammond |
Frederic G. Hammond | ||
Senior Vice President and General Counsel | ||
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press release issued by Aspen Technology, Inc. on July 21, 2016. | |
Exhibit 99.1
Contacts:
David Grip
AspenTech
+1 781-221-5273
david.grip@aspentech.com
AspenTech Appoints R. Halsey Wise to Board of Directors
Seasoned Technology Leader Brings Strategic Leadership, Global Enterprise Software Experience and Financial Expertise to AspenTech
BEDFORD, Mass - July 21, 2016 - Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced that R. Halsey Wise has been appointed to the company’s board of directors.
Wise brings nearly 30 years of leadership, technology and financial experience to AspenTech’s board of directors. He is currently Chairman and Chief Executive of Lime Barrel Advisors, LLC, a private investment firm he founded in 2010.
Over the years Wise led several successful business transformation and value creation efforts. Until 2016, he served as Chairman and Chief Executive Officer of MedAssets Inc. (NASDAQ: MDAS), a leading healthcare technology performance improvement company with over 3,400 employees that served four out of five hospitals in the United States. MedAssets was acquired by Pamplona Capital Management in 2016.
Wise was also Chairman, President and Chief Executive Officer of Intergraph (NASDAQ:INGR), a leading global provider of engineering and geospatial software with more than 4,500 employees in over 50 countries. During his seven year tenure, Intergraph’s market cap more than doubled and revenue grew 60%. Intergraph was acquired by Hexagon AB in 2010.
Prior to Intergraph, Wise was Chairman, Chief Executive Officer and President, North America for Solution 6 Holding LTD; General Manager, North America Global Services for CA Technologies, Inc. and President and Chief Operating Officer of Computer Management Sciences Inc. ( NASDAQ: CMSX) which was acquired by CA Technologies, Inc. He also served in investment banking specializing in software and services with The Robinson-Humphrey Company (a division of Smith Barney).
Wise has served on boards of publicly held companies including MedAssets, Inc., Acxiom Corp and Intergraph Corporation. He holds an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University and a BA from the University of Virginia.
Supporting Quotes
R. Halsey Wise
“AspenTech has been the driving force behind the transformation of the process industries. I am very excited to join the AspenTech Board of Directors as the company continues to expand its leadership position. ”
Antonio Pietri, President & CEO, AspenTech
“We are very pleased that Halsey Wise has agreed to join the Board of Directors of AspenTech. Halsey’s track record of driving growth and process industry knowledge will be an invaluable resource. I am looking forward to his contributions as we execute on our asset optimization strategy.”
Supporting Resources
• | AspenTech Board of Directors |
About AspenTech
AspenTech is a leading supplier of software that optimizes process manufacturing - for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.
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