0001193125-19-005377.txt : 20190109 0001193125-19-005377.hdr.sgml : 20190109 20190109163037 ACCESSION NUMBER: 0001193125-19-005377 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190109 DATE AS OF CHANGE: 20190109 GROUP MEMBERS: DOW CHEMICAL CO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AgroFresh Solutions, Inc. CENTRAL INDEX KEY: 0001592016 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 464007249 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88021 FILM NUMBER: 19518499 BUSINESS ADDRESS: STREET 1: 100 S. INDEPENDENCE MALL WEST CITY: PHILADELPHIA STATE: PA ZIP: 19106 BUSINESS PHONE: 215-592-3687 MAIL ADDRESS: STREET 1: 100 S. INDEPENDENCE MALL WEST CITY: PHILADELPHIA STATE: PA ZIP: 19106 FORMER COMPANY: FORMER CONFORMED NAME: Boulevard Acquisition Corp. DATE OF NAME CHANGE: 20131114 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DowDuPont Inc. CENTRAL INDEX KEY: 0001666700 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 811224539 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2211 H.H. DOW WAY CITY: MIDLAND STATE: MI ZIP: 48674 BUSINESS PHONE: 989-636-1000 MAIL ADDRESS: STREET 1: 974 CENTRE ROAD CITY: WILMINGTON STATE: DE ZIP: 19805 SC 13D/A 1 d658171dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

 

 

AgroFresh Solutions, Inc.

 

(Name of Issuer)

Common Stock, $0.0001 par value

 

(Title of Class of Securities)

00856G109

 

(CUSIP Number)

Stacy L. Fox, Esq.

General Counsel and Secretary

DowDuPont Inc.

974 Centre Road

Wilmington, DE 19805

(302) 774-1000

 

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

Copy to:

Amy E. Wilson

The Dow Chemical Company

2211 H.H. Dow Way

Midland, MI 48674

January 1, 2019

 

(Date of Event which Requires Filing of this Amendment No. 10)

 

 

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 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, as amended (“Securities Exchange Act”) or otherwise subject to the liabilities of that section of the Securities Exchange Act but shall be subject to all other provisions of the Securities Exchange Act (however, see the Notes).

 

 

 


CUSIP No. 00856G109

 

  1.   

Name of Reporting Person

 

DowDuPont 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

  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 (See Item 5)

     8.   

Shared Voting Power:

 

24,001,151

     9.   

Sole Dispositive Power:

 

0 (See Item 5)

   10.   

Shared Dispositive Power:

 

24,001,151

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

24,001,151

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares: ☐

(See Instructions)

 

13.  

Percent of Class Represented by Amount in Row (11):

 

44.91% (1)

14.  

Type of Reporting Person (See Instructions):

 

    CO

(1)    The percentage set forth in row (13) is based on 50,439,210 outstanding shares of common stock, par value $0.0001 per share, of AgroFresh Solutions, Inc. as of November 5, 2018, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 filed with the Securities and Exchange Commission on November 7, 2018.


CUSIP No. 00856G109

 

  1.   

Name of Reporting Person

 

The Dow Chemical Company

  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

  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 (See Item 5)

     8.   

Shared Voting Power:

 

24,001,151

     9.   

Sole Dispositive Power:

 

0 (See Item 5)

   10.   

Shared Dispositive Power:

 

24,001,151

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

24,001,151

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares: ☐

(See Instructions)

 

13.  

Percent of Class Represented by Amount in Row (11):

 

44.91% (1)

14.  

Type of Reporting Person (See Instructions):

 

CO

(1)    The percentage set forth in row (13) is based on 50,439,210 outstanding shares of common stock, par value $0.0001 per share, of AgroFresh Solutions, Inc. as of November 5, 2018, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 filed with the Securities and Exchange Commission on November 7, 2018.


SCHEDULE 13D

This Amendment No. 10 to Schedule 13D (“Amendment No. 10”) amends and supplements the Schedule 13D filed by The Dow Chemical Company (“Dow”) on August 10, 2015, as amended by Amendment No. 1 to Schedule 13D (“Amendment No. 1”) filed by Dow on May 12, 2016, as amended by Amendment No. 2 to Schedule 13D (“Amendment No. 2”) filed by Dow on April 12, 2017, as amended by Amendment No. 3 to Schedule 13D (“Amendment No. 3”) filed by the Reporting Persons on September 8, 2017, as amended by Amendment No. 4 to Schedule 13D (“Amendment No. 4”) filed by the Reporting Persons on May 3, 2018, as amended by Amendment No. 5 to Schedule 13D (“Amendment No. 5”) filed by the Reporting Persons on July 6, 2018, as amended by Amendment No. 6 to Schedule 13D (“Amendment No. 6”) filed by the Reporting Persons on September 4, 2018, as amended by Amendment No. 7 to Schedule 13D (“Amendment No. 7”) filed by the Reporting Persons on September 25, 2018, as amended by Amendment No. 8 to Schedule 13D (“Amendment No. 8”) filed by the Reporting Persons on October 17, 2018, and as amended by Amendment No. 9 to Schedule 13D (“Amendment No. 9”) filed by the Reporting Persons on November 13, 2018, relating to the Common Stock of the Issuer (as so amended through Amendment No. 9, the “Schedule 13D”). Unless otherwise indicated, all capitalized terms in this Amendment No. 10 have the meanings set forth in the Schedule 13D. This Amendment No. 10 amends and supplements the Schedule 13D to include the information set forth below. Except as specifically provided herein, this Amendment No. 10 does not modify any of the information previously reported in the Schedule 13D.

Item 2. Identity and Background

Appendix A referred to in Item 2 of the Schedule 13D is hereby amended and restated in its entirety as set forth on the revised Appendix A attached hereto and incorporated herein by reference.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following paragraph.

Since the filing of Amendment No. 9 to Schedule 13D, Dow has acquired an aggregate of 168,521 additional shares of Common Stock for an aggregate purchase price of $831,697.77. The source of the funds to make such purchases came from Dow’s working capital.

Item 5. Interest in Securities of the Issuer

(a)    As of the date hereof, the Reporting Persons beneficially own 21,001,151 shares of Common Stock, representing 41.64% of the Issuer’s outstanding Common Stock, and 3,000,000 warrants to purchase Common Stock, each to purchase one share of Common Stock. If the Reporting Persons were to exercise its warrants to purchase Common Stock and no other person exercised warrants to purchase Common Stock held by that person, the Reporting Persons would beneficially own 24,001,151 shares of Common Stock, representing 44.91% of the Issuer’s outstanding Common Stock. The percentage set forth in this Item 5 is based on 50,439,210 outstanding shares of Common Stock of AgroFresh Solutions, Inc. as of November 5, 2018, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 filed with the Securities and Exchange Commission on November 7, 2018. To the best of the Reporting Person’s knowledge, none of the persons whose names are listed on Appendix A beneficially owns any shares of Common Stock.

The Reporting Persons each have indirect beneficial ownership of the 24,001,151 shares of Common Stock, which Common Stock is directly owned by Rohm & Haas Company, a wholly owned subsidiary of Dow (“R&H”).

(c)    During the past 60 days, the Reporting Persons acquired beneficial ownership of 201,631 shares of the Issuer’s Common Stock through acquisitions made between November 11, 2018 and January 9, 2019 on the open market on account of R&H at prices ranging from $4.62 per share to $5.43 per share (exclusive of any fees, commissions or other expenses). Upon request, the Reporting Persons hereby undertake to provide to the Issuer, any stockholder of the Issuer or the Staff of the SEC, full information regarding the number of shares of the Issuer’s Common Stock purchased and the prices of each trade within the ranges set forth in this Item 5(c).


Except as described in this Amendment No. 10, none of the Reporting Persons has effected any transaction in shares of Common Stock of the Issuer during the past 60 days. To the knowledge of the Reporting Persons, there have been no transactions by any of the Scheduled Persons in shares of Common Stock during the past 60 days.

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.

Dated as of January 9, 2019

 

DOWDUPONT INC.
By:   /s/ Amy E. Wilson
  Name:   Amy E. Wilson
  Title:   Assistant Secretary

 

THE DOW CHEMICAL COMPANY
By:   /s/ Amy E. Wilson
  Name:   Amy E. Wilson
  Title:   Corporate Secretary and General Counsel


APPENDIX A

Information Concerning Executive Officers and

Directors of DowDuPont Inc.

The current executive officers and directors of DowDuPont Inc. and their respective business addresses and present principal occupation or employment (and the name, principal business and address of any such employment, if not with one of the Reporting Persons) are listed below. Unless otherwise indicated, all positions of the executive officers set forth below opposite an individual’s name refer to positions with DowDuPont Inc. In addition, unless otherwise indicated, all individuals identified below are citizens of the United States of America.

 

Executive Officer Name

  

Present Principal Occupation or Employment

 

Business Address

Edward D. Breen

   Chief Executive Officer  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Howard I. Ungerleider    

   Chief Financial Officer  

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674

Stacy L. Fox

   General Counsel and Secretary  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

James R. Fitterling

   Chief Operating Officer, Materials Science Division  

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674

James C. Collins, Jr.

   Chief Operating Officer, Agriculture Division  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Marc Doyle

   Chief Operating Officer, Specialty Products Division  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Jeanmarie F. Desmond

   Co-Controller  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Ronald C. Edmonds

   Co-Controller  

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674

 

Director Name

  

Present Principal Occupation or Employment

 

Residence or Business Address

Lamberto Andreotti*

   Former Chairman of the Board and Chief Executive Officer, Bristol-Myers Squibb Company (global healthcare company)  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Ajay Banga

   President and Chief Executive Officer, Mastercard Incorporated (technology company in the global payments industry)  

Mastercard Incorporated

2000 Purchase Street, Purchase, NY 10577

Jacqueline K. Barton

   John G. Kirkwood and Arthur A. Noyes Professor of Chemistry and Norman Davidson Leadership Chair of the Division of Chemistry and Chemical Engineering, California Institute of Technology (institution of higher education and private research)  

California Institute of Technology

1200 East California Boulevard, Pasadena, CA 91125

James A. Bell

   Former Executive Vice President, Corporate President and Chief Financial Officer, The Boeing Company (aerospace company and manufacturer of commercial jetliners and military aircraft)  

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674


Director Name

  

Present Principal Occupation or Employment

 

Residence or Business Address

Edward D. Breen

   See above table with respect to executive officers of DowDuPont Inc.

Robert A. Brown

   President, Boston University (institution of higher education and private research)  

Boston University

Office of the President

1 Silber Way, 8th Floor, Boston, MA 02215

Alexander M. Cutler

   Former Chairman and Chief Executive Officer, Eaton Corporation Plc (global power management company)  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Richard K. Davis

   Chief Executive Officer, Make-A-Wish America (nonprofit corporation), and Former Executive Chairman and Chief Executive Officer, U.S. Bancorp (financial services holding company)  

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674

Jeff M. Fettig

  

Executive Chairman, DowDuPont Inc.

Former Chairman and Chief Executive Officer, Whirlpool Corporation (manufacturer of home appliances)

 

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674

Marillyn A. Hewson

   Chairman, President and Chief Executive Officer, Lockheed Martin Corporation (aerospace, defense, security and advanced technology company)  

Lockheed Martin Corporation

6801 Rockledge Drive, Bethesda, MD 20817

Lois D. Juliber

   Former Vice Chairman, Colgate-Palmolive Company (production and marketing of consumer products)  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Paul Polman*

   Former Chief Executive Officer, Unilever PLC and Unilever N.V. (a provider of nutrition, hygiene and personal care products)  

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674

James M. Ringler

   Chairman, Teradata Corporation (a provider of database software, data warehousing and analytics)  

Teradata Corporation

10000 Innovation Drive, Dayton, OH 45342

Ruth G. Shaw

   Former Group Executive, Public Policy and President, Duke Nuclear (provider of electricity and natural gas)  

c/o The Dow Chemical Company

2211 H.H. Dow Way, Midland, MI 48674

Lee M. Thomas

   Former Chairman and Chief Executive Officer, Rayonier Inc. (global forest products company)  

c/o E. I. du Pont de Nemours and Company

974 Centre Road, Wilmington, DE 19805

Patrick J. Ward

   Chief Financial Officer, Cummins Inc. (designer, manufacturer, and distributer of engines and power generation products)  

Cummins Inc.

500 Jackson Street, Columbus, IN 47201

 

*

Lamberto Andreotti is a citizen of Italy; Paul Polman is a citizen of the Netherlands.


Information Concerning Executive Officers and

Directors of The Dow Chemical Company

The current executive officers and directors of The Dow Chemical Company and their respective business addresses and present principal occupation or employment (and the name, principal business and address of any such employment, if not with one of the Reporting Persons) are listed below. Unless otherwise indicated, all positions set forth below opposite an individual’s name refer to positions within The Dow Chemical Company and each individual is a citizen of the United States of America. In addition, unless otherwise indicated, the business address for each individual is c/o The Dow Chemical Company, 2211 H.H. Dow Way, Midland, Michigan 48674.

 

Executive Officer Name

  

Present Principal Position or Occupation

Ronald C. Edmonds

   Co-Controller of DowDuPont Inc.; Controller and Vice President of Controllers and Tax of The Dow Chemical Company

James R. Fitterling

   Chief Operating Officer, Materials Science Division of DowDuPont Inc.; Chief Executive Officer of The Dow Chemical Company

Heinz Haller*

   Executive Vice President and President of Dow Europe, Middle East, Africa and India

Peter Holicki*

   Senior Vice President, Operations, Manufacturing & Engineering, Environment, Health & Safety Operations, and Emergency Services & Security

Amy E. Wilson

   Assistant Corporate Secretary of DowDuPont Inc.; General Counsel and Corporate Secretary of The Dow Chemical Company

Karen S. Carter

   Chief Human Resource Officer

A. N. Sreeram

   Senior Vice President, Research & Development, and Chief Technology Officer

Howard I. Ungerleider    

   Chief Financial Officer of DowDuPont Inc.; President and Chief Financial Officer of The Dow Chemical Company

 

Director Name

  

Present Principal Occupation or Employment

  

Residence or Business Address

James R. Fitterling

   See above table with respect to executive officers of The Dow Chemical Company

Howard I. Ungerleider    

   See above table with respect to executive officers of The Dow Chemical Company

 

*

Heinz Haller is a citizen of Switzerland; Peter Holicki is a citizen of Germany