-----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, Uieqm66Jzf+rrwB/ruH8UIbtKa4l2qTLHkzp14Fd6yUekZCKLEkg51Iv3FNyGL8r atxVKOmEMdny5t/M5NEdzw== 0000905718-05-000297.txt : 20051128 0000905718-05-000297.hdr.sgml : 20051128 20051128170604 ACCESSION NUMBER: 0000905718-05-000297 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051128 DATE AS OF CHANGE: 20051128 GROUP MEMBERS: AUGUSTUS K. OLIVER GROUP MEMBERS: CLIFFORD PRESS GROUP MEMBERS: OLIVER PRESS INVESTORS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MATRIXONE INC CENTRAL INDEX KEY: 0000786998 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 020372301 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-60481 FILM NUMBER: 051228668 BUSINESS ADDRESS: STREET 1: 210 LITTLETON ROAD CITY: WESTFORD STATE: MA ZIP: 01886 BUSINESS PHONE: 978-589-4000 MAIL ADDRESS: STREET 1: 210 LITTLETON ROAD CITY: WESTFORD STATE: MA ZIP: 01886 FORMER COMPANY: FORMER CONFORMED NAME: ADRA SYSTEMS INC DATE OF NAME CHANGE: 19971024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Oliver Press Partners, LLC CENTRAL INDEX KEY: 0001345476 IRS NUMBER: 202688930 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 152 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 277-5654 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D 1 matrixone13d.txt SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ___)* MatrixOne, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 57685P304 - -------------------------------------------------------------------------------- (CUSIP Number) with a copy to: Augustus K. Oliver Allen Levithan Oliver Press Partners, LLC Lowenstein Sandler PC 152 West 57th Street 65 Livingston Avenue New York, New York 10019 Roseland, New Jersey 07068 (212) 277-5654 (973) 597-2406 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 18, 2005 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 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 Section 240.13d-7 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. 57685P304 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Oliver Press Partners, LLC I.R.S. Identification Nos. of above persons (entities only): 20-2688930 - -------------------------------------------------------------------------------- 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): 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 7. Sole Voting Power: * --------------------------------------- Shares Beneficially 8. Shared Voting Power: 3,121,900* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: * --------------------------------------- Person With 10. Shared Dispositive Power: 3,121,900* --------------------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,121,900 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 6% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions): IA - -------------------------------------------------------------------------------- * This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, LLC, Augustus K. Oliver and Clifford Press, who share sole voting and investment power over the 286,200 shares of common stock owned by Davenport Partners, L.P. and the 2,835,700 shares of common stock owned by Pierson Partners, L.P. See Items 2 and 5 of this Schedule 13D for additional information. Cusip No. 57685P304 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Oliver Press Investors, LLC I.R.S. Identification Nos. of above persons (entities only): 20-2688868 - -------------------------------------------------------------------------------- 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): 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 7. Sole Voting Power: * --------------------------------------- Shares Beneficially 8. Shared Voting Power: 3,121,900* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: * --------------------------------------- Person With 10. Shared Dispositive Power: 3,121,900* --------------------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,121,900 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 6% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions): PN - -------------------------------------------------------------------------------- * This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, LLC, Augustus K. Oliver and Clifford Press, who share sole voting and investment power over the 286,200 shares of common stock owned by Davenport Partners, L.P. and the 2,835,700 shares of common stock owned by Pierson Partners, L.P. See Items 2 and 5 of this Schedule 13D for additional information. Cusip No. 57685P304 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Augustus K. Oliver I.R.S. Identification Nos. of above persons (entities only): - -------------------------------------------------------------------------------- 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): oo - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power: * --------------------------------------- Shares Beneficially 8. Shared Voting Power: 3,121,900* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: * --------------------------------------- Person With 10. Shared Dispositive Power: 3,121,900* --------------------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,121,900 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 6% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- * This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, LLC, Augustus K. Oliver and Clifford Press, who share sole voting and investment power over the 286,200 shares of common stock owned by Davenport Partners, L.P. and the 2,835,700 shares of common stock owned by Pierson Partners, L.P. See Items 2 and 5 of this Schedule 13D for additional information. Cusip No. 57685P304 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons: Clifford Press I.R.S. Identification Nos. of above persons (entities only): - -------------------------------------------------------------------------------- 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): oo - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power: * --------------------------------------- Shares Beneficially 8. Shared Voting Power: 3,121,900* --------------------------------------- Owned by Each Reporting 9. Sole Dispositive Power: * --------------------------------------- Person With 10. Shared Dispositive Power: 3,121,900* --------------------------------------- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,121,900 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11): 6% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- * This is a joint filing by Oliver Press Partners, LLC, Oliver Press Investors, LLC, Augustus K. Oliver and Clifford Press, who share sole voting and investment power over the 286,200 shares of common stock owned by Davenport Partners, L.P. and the 2,835,700 shares of common stock owned by Pierson Partners, L.P. See Items 2 and 5 of this Schedule 13D for additional information. Item 1. Security and Issuer. ------------------- This statement relates to shares of the common stock, par value $ .01 per share (the "Shares"), of MatrixOne, Inc., a Delaware corporation (the "Company"), whose principal executive offices are at 210 Littleton Road, Westford, Massachusetts 01886. Item 2. Identity and Background. ----------------------- (a)-(c), (f). This statement is being filed by Oliver Press Investors, LLC, a Delaware limited liability company ("OPI") and the general partner of each of Davenport Partners, L.P., a Delaware limited partnership ("Davenport"), and Pierson Partners, L.P., a Delaware limited partnership ("Pierson"), Oliver Press Partners, LLC, a Delaware limited liability company ("OPP") and the investment adviser to each of Davenport and Pierson, and Augustus K. Oliver ("Oliver") and Clifford Press ("Press", and, collectively with OPI, OPP and Oliver, the "Filing Parties"), U.S. citizens and Managing Members of each of OPI and OPP. The business address of the Filing Parties is 152 West 57th Street, 46th Floor, New York, New York 10019. (d)-(e). None of the Filing Parties has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor has any Filing Party been 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. ------------------------------------------------- The amount required by Davenport to purchase the 286,200 Shares owned by it was $1,393,443.55, including commissions. The amount required by Pierson to purchase the Shares owned by it was $14,049,905.26, including commissions. All Shares owned by Davenport and Pierson were purchased in open market transactions with cash from their respective partnership assets. Item 4. Purpose of Transaction. ---------------------- Davenport and Pierson purchased the Shares because OPP, as their investment adviser, believed the Shares to be undervalued. The Filing Parties intend over time to take any and all action available to them to realize the value which they believe is inherent in the Shares. These actions will include meeting with management and other Company shareholders to exchange views regarding the strategic direction of the Company. In addition, such actions may include seeking representation on the Company's Board of Directors by either Mr. Oliver or Mr. Press or both, and seeking to have the Company pursue an extraordinary transaction such as a sale or a merger. Messrs. Oliver and Press have met with Mark F. O'Connell, Chief Executive Officer of the Company, and other Company officers to review the Company's financial performance and to discuss other strategic issues, including the possibility of Board representation and the possibility of the Company pursuing an extraordinary transaction. The Filing Parties are in the process of reviewing the various amendments to the Company's employee stock plans (the "Amendments") recently proposed for the Company's 2005 Annual Meeting. Based upon a preliminary assessment, the Filing Parties believe the Amendments compound an already highly dilutive stock award program, involve an unfair exchange of value and are an inappropriate reward for a management that has significantly underperformed in its basic business and in delivering market value to its stockholders. Depending upon the Filing Parties views of the Company's business and financial prospects and general market conditions, Davenport and Pierson may purchase additional Shares or dispose of Shares at any time or from time to time. Item 5. Interest in Securities of the Issuer. ------------------------------------ (a), (b), (d) As of the date hereof, Davenport owned 286,200 Shares and Pierson owned 2,835,700 Shares, constituting .55% and 5.44%, respectively, of the 52,092,859 Shares reported by the Company to be outstanding as of November 11, 2005 on its most recent Form 10-Q for the quarterly period ended October 1, 2005. OPP as the investment adviser to Davenport and Pierson, has the power to vote and to dispose of all of such Shares. OPI, as the general partner of Davenport and Pierson, and Messrs. Oliver and Press, as the Managing Members of OPP and OPI, share the power to vote and to dispose of all of such Shares. (c) Attached hereto as Schedule I is a list of all transactions in shares of the Company's common stock effected by Davenport and Pierson in the past 60 days. No other Filing Party had any transactions in shares of the Company's common stock. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. ------------------------------------------------------ None. Item 7. Exhibits. -------- None. 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. November 28, 2005 Oliver Press Investors, LLC By: /s/ Augustus K. Oliver -------------------------- Name: Augustus K. Oliver Title: Managing Member Oliver Press Partners, LLC By: /s/ Clifford Press -------------------------- Name: Clifford Press Title: Managing Member /s/ Augustus K. Oliver -------------------------- Augustus K. Oliver /s/ Clifford Press -------------------------- Clifford Press Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). SCHEDULE I Purchases By Pierson Partners, L.P.: Date No. of Shares Total Cost* Price/Share* 20-Sep-05 11,500 $ 60,240.45 5.2383 21-Sep-05 25,000 $ 129,250.00 5.1700 22-Sep-05 20,000 $ 104,800.00 5.2400 30-Sep-05 72,500 $ 370,025.50 5.1038 04-Oct-05 10,000 $ 52,300.00 5.2300 05-Oct-05 5,000 $ 25,700.00 5.1400 06-Oct-05 45,000 $ 234,027.00 5.2006 07-Oct-05 35,000 $ 180,026.00 5.1436 10-Oct-05 175,000 $ 872,007.50 4.9829 11-Oct-05 220,000 $1,089,792.00 4.9536 12-Oct-05 323,500 $1,543,386.15 4.7709 13-Oct-05 15,000 $ 72,825.00 4.8550 14-Oct-05 50,000 $ 248,125.00 4.9625 18-Oct-05 220,200 $1,145,326.26 5.2013 20-Oct-05 57,500 $ 287,845.00 5.0060 21-Oct-05 25,000 $ 127,750.00 5.1100 24-Oct-05 25,000 $ 131,000.00 5.2400 25-Oct-05 50,000 $ 255,715.00 5.1143 26-Oct-05 210,000 $1,088,871.00 5.1851 27-Oct-05 60,000 $ 308,148.00 5.1358 28-Oct-05 45,000 $ 222,300.00 4.9400 31-Oct-05 2,500 $ 12,450.00 4.9800 01-Nov-05 40,000 $ 202,124.00 5.0531 03-Nov-05 75,000 $ 387,997.50 5.1733 04-Nov-05 121,500 $ 617,608.80 5.0832 07-Nov-05 50,000 $ 254,425.00 5.0885 10-Nov-05 100,000 $ 501,000.00 5.0100 15-Nov-05 18,000 $ 83,880.00 4.6600 16-Nov-05 12,000 $ 56,139.60 4.6783 18-Nov-05 525,000 $2,408,490.00 4.5876 - ------------------------------------------------------------------------- * Including Commissions -----END PRIVACY-ENHANCED MESSAGE-----