SC 13D 1 cambersqnm13dv2.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

 

 

Sequenom, Inc.

(Name of Issuer)

 

 

Common stock, $0.001 par value

(Title of Class of Securities)

 

817337405

(CUSIP Number)

 

Camber Capital Management LLC, 101 Huntington Avenue, Suite 2101, Boston, MA 02199

617-717-6600

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

 

 

March 23, 2016

(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. x

 

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.

 

* 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).

 

 

 
 

 

1.  Names of Reporting Persons.

Camber Capital Management LLC

42-1693587

 
2.  Check the Appropriate Box if a Member of a Group
(a) o
(b) S
 
3.  SEC Use Only
4.  Source of Funds
     WC
5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
o
6.  Citizenship or Place of Organization
     Camber Capital Management LLC -- Massachusetts

 

 

   Number of Shares

   Beneficially

   Owned by

   Each Reporting

   Person With:

 

 

7.  Sole Voting Power
     0 shares  
 
8.  Shared Voting Power
     17,325,000 shares
 
9.  Sole Dispositive Power
     0 shares  
 
10.  Shared Dispositive Power
       17,325,000 shares
 
11.  Aggregate Amount Beneficially Owned by Each Reporting Person
        17,325,000 shares
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares
o
13.  Percent of Class Represented by Amount in Row (11)
       14.54%
14.  Type of Reporting Person
       IA

 

 
 

 

1.  Names of Reporting Persons.
     Stephen DuBois
 
2.  Check the Appropriate Box if a Member of a Group
(a) o
(b) S
 
3.  SEC Use Only
4.  Source of Funds
     WC
5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
o
6.  Citizenship or Place of Organization
     Stephen DuBois--Massachusetts

 

 

   Number of Shares

   Beneficially

   Owned by

   Each Reporting

   Person With:

 

 

7.  Sole Voting Power
     0 shares
 
8.  Shared Voting Power
      17,325,000 shares
 
9.  Sole Dispositive Power
     0 shares
 
10.  Shared Dispositive Power
      17,325,000 shares
 
11.  Aggregate Amount Beneficially Owned by Each Reporting Person
       17,325,000 shares
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares
o
13.  Percent of Class Represented by Amount in Row (11)
       14.54%
14.  Type of Reporting Person
        IN

 

 
 

 

 

ITEM 1. SECURITY AND ISSUER

 

This statement on Schedule 13D refers to the shares of common stock, par value $0.001 per common stock (the "Shares") of Sequenom, Inc. (the "Company"). The Company's principal executive office is located at 3595 John Hopkins Court, San Diego, California 92121.

 

ITEM 2. IDENTITY AND BACKGROUND

 

(a)Camber Capital Management LLC, a Massachusetts limited liability company ("Camber"), with respect to Shares
beneficially owned and held of record by two private investment funds and one managed account for which Camber serves as the investment manager with full discretionary authority.

 

Stephen DuBois ("Mr. DuBois"), as managing member of Camber, with respect to Shares beneficially owned and held of record by the same two private investment funds and one managed account for which Camber serves as the investment manager with full discretionary authority. Mr. DuBois is the managing member of Camber.

 

The foregoing persons as described above are hereinafter collectively referred to as the "Reporting Persons."

 

(b)The principal business address of each of the Reporting Persons is 101 Huntington Avenue, Suite 2101, Boston, Massachusetts 02199-8089.

 

(c)The principal business of Camber is to invest in securities. The principal business of Mr. DuBois is the management of investments in securities.

 

(d)None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)None of the Reporting Persons has, during the last five years, 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.

 

(f)Camber is a limited liability company organized under the laws of the Commonwealth of Massachusetts. Mr. DuBois is a citizen of the United States.

 

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

 

The 17,325,000 Shares to which this Schedule 13D relates were acquired for an aggregate purchase price of $41,750,630 (an average of $2.41 per Share) using working capital.

 

ITEM 4. PURPOSE OF TRANSACTION

 

The Shares to which this Schedule 13D relates were acquired based on the Reporting Persons’ belief that such Shares represent an attractive investment opportunity.

 

The Reporting Persons believe the current trading value of the Shares does not reflect their intrinsic value. Accordingly, the Reporting Persons intend to review the investment in the Company on a continuing basis and may engage in discussions with management, the Company’s Board of Directors, other shareholders of the Company and other relevant parties in order to enhance shareholder value. Such discussions aimed at enhancing shareholder value may concern, among other things, potential business combinations and strategic alternatives, and the business, operations, governance, management, strategy and future plans of the Company. Depending on various factors, including, without limitation, the outcome of any discussions reference above, the investment opportunities available to the Reporting Persons, conditions in the securities markets, and economic and industry conditions, the Reporting Persons may in the future take such actions with respect to the investment in the Company as the Reporting Persons deem appropriate.

 

Except as set forth above, the Reporting Persons have no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule D.

 

The Reporting Persons review their holdings in the Company on a continuing basis and as part of this ongoing review, evaluate various alternatives that are or may be available with respect to the securities of the Company. The Reporting Persons may from time to time and at any time, in their sole discretion, purchase additional equity or debt securities or other instruments of the Company or dispose of such equity or debt securities or other investments, in any amount that the Reporting Persons may determine in their sole discretion, through open market transactions, privately negotiated transactions or otherwise.

 

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

 

(a)The Reporting Persons beneficially own 17,325,000 Shares of the Company in the aggregate, representing approximately 14.54% of such class of securities. The percentage of the Shares beneficially owned by the Reporting Persons is based on a total of 119,187,694 Shares of the Company outstanding as of December 31, 2015 as reported in the Company's Form 10-K/A for the annual period ended December 31, 2015 filed with the Securities and Exchange Commission on March 9, 2016.

 

(b)Camber has the power to dispose of and the power to vote the Shares beneficially owned by the Reporting Persons, which power may be exercised by its managing member, Mr. DuBois. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934 (the "Act"), Mr. DuBois may be deemed to beneficially own the Shares held by the Reporting Persons.

 

The investment and voting decisions of each of the Reporting Persons are controlled by Camber. As a result, each of the Reporting Persons may be deemed members of a group and may be deemed to beneficially own for purposes of Section 13(d) the Shares beneficially owned for such purposes by the others. As the investment manager with full discretionary authority, Camber also may be deemed to beneficially own the 17,325,000 Shares, constituting approximately 14.54% of the issued and outstanding Shares. As the managing member of Camber, Mr. DuBois may be deemed to beneficially own the 17,325,000 Shares, constituting approximately 14.54% of the issued and outstanding Shares. Mr. DuBois does not personally own any Shares. Camber has sole voting and dispositive power with respect to the 17,325,000 Shares by virtue of its authority to vote and dispose of such Shares.

 

(c)None of the Reporting Persons nor, to the knowledge of the Reporting Persons, any person identified in response to Item 2, has effected any transactions in the Shares during the preceding 60 days.

 

(d) Not applicable.

 

(e) Not applicable.

 

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

 

Other than the Joint Filing Agreement attached as Exhibit 1 hereto, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting of any other securities, finder's fees,

joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.

 

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

 

Exhibit 1: Joint Filing Statement as required by Rule 13d(1)(k)(l) under the Act.

 
 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Date: March 24, 2016

 

Camber Capital Management LLC

 

By: /s/ Sean George

Sean George

Chief Financial Officer

 

Stephen DuBois

 

By: /s/ Stephen DuBois

Stephen DuBois, individually