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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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Under the Securities Exchange Act of 1934
FINANCIAL ENGINES, INC.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
317485100
(CUSIP Number)
Warburg Pincus Private Equity X, L.P.
c/o Warburg Pincus LLC
450 Lexington Ave
New York, NY 10017
(212) 878-0600
Copy to:
Mark F. Veblen
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, NY 10019
(212) 403-1000
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
February 1, 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. o
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 (the Exchange Act") or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) See Items 3 and 4.
(2) Consists of 7,345,681 shares of common stock, par value $0.0001 per share (the Common Stock) of Financial Engines, Inc., a Delaware corporation (the Issuer or Financial Engines) received pursuant to the Merger Agreement (as defined in Item 4) and 617,784 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Items 4 and 5.
(3) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the U.S. Securities and Exchange Commission (the SEC) on February 3, 2016.
(4) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) See Items 3 and 4.
(2) Consists of 235,025 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 19,766 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Items 4 and 5.
(3) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(4) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
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8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
CUSIP No. 317485100 | |||||
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1. |
Names of Reporting Persons | |||
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3. |
SEC Use Only | |||
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4. |
Source of Funds (See Instructions) | |||
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5. |
Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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6. |
Citizenship or Place of Organization | |||
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Number of |
7. |
Sole Voting Power | |||
| |||||
8. |
Shared Voting Power | ||||
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9. |
Sole Dispositive Power | ||||
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10. |
Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13. |
Percent of Class Represented by Amount in Row (11) | |||
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14. |
Type of Reporting Person (See Instructions) | |||
(1) Consists of 7,580,706 shares of Common Stock of the Issuer received pursuant to the Merger Agreement (as defined in Item 4) and 637,550 shares of Common Stock purchased pursuant to the Put/Call Agreement (as defined in Item 4). See Item 4.
(2) For purposes of calculating beneficial ownership of the Warburg Pincus Reporting Person (as defined in Item 2), the total number of shares of Common Stock outstanding is based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016.
(3) Each of the Warburg Pincus Reporting Persons disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock.
Information in respect of each Warburg Pincus Reporting Person (as defined below) is given solely by such Warburg Pincus Reporting Person and no Warburg Pincus Reporting Person has responsibility for the accuracy or completeness of information supplied by any other Warburg Pincus Reporting Person.
Item 1. Security and Issuer.
This statement on Schedule 13D (this Statement) relates to the Common Stock of Financial Engines.
The Issuers principal executive offices are located at 1050 Enterprise Way, 3rd Floor, Sunnyvale, CA 94089.
Item 2. Identity and Background.
(a) This Statement is being jointly filed pursuant to Rule 13a-1(a)(3) and Rule 13a-3(k) under the Securities Exchange Act of 1934, as amended (the Exchange Act) on behalf of Warburg Pincus Private Equity X, L.P., a Delaware limited partnership (WP X), Warburg Pincus X Partners, L.P., a Delaware limited partnership (WP X Partners, and together with WP X, the WP X Funds), Warburg Pincus X, L.P., a Delaware limited partnership (WP X LP), Warburg Pincus X GP L.P., a Delaware limited partnership (WP X GP), WPP GP LLC, a Delaware limited liability company (WPP GP), Warburg Pincus Partners, L.P., a Delaware limited partnership (WP Partners), Warburg Pincus Partners GP LLC, a Delaware limited liability company (WPP GP LLC), Warburg Pincus & Co., a New York general partnership (WP), Warburg Pincus LLC, a New York limited liability company (WP LLC), and Messrs. Charles R. Kaye and Joseph P. Landy (Messrs. Kaye and Landy, together with the WP X Funds, WP X LP, WP X GP, WPP GP, WP Partners, WPP GP LLC, WP, and WP LLC, the Warburg Pincus Reporting Persons). The Warburg Pincus Reporting Persons have entered into an agreement relating to the joint filing of this Statement (the Joint Filing Agreement) in accordance with the provisions of Rule 13d-1(k)(1) of the Exchange Act, a copy of which is attached as Exhibit 1 hereto. WP X indirectly holds shares of Common Stock through its wholly owned subsidiary, WP X Finance, L.P., a Delaware limited partnership (WP X Finance). WP X is the general partner of WPX GP, L.P., a Delaware limited partnership, which is the managing general partner of WP X Finance.
(b) The address of the principal business and principal office of the Warburg Pincus Reporting Persons is c/o Warburg Pincus LLC, 450 Lexington Avenue, New York, New York 10017. Additional information relating to the Warburg Pincus Reporting Persons is included in Schedule A hereto.
(c) The principal business of the WP X Funds is that of making private equity and related investments. The principal business of the rest of the Warburg Pincus Reporting Persons is as follows: WP X LP is the general partner of the WP X Funds; WP X GP is the general partner of WP X LP; WPP GP is the general partner of WP X GP and certain other entities affiliated with WP LLC; WP Partners is the managing member of WPP GP and certain other entities affiliated with WP LLC, and the general partner of certain other funds affiliated with WP LLC; WPP GP LLC is the general partner of WP Partners and certain other entities affiliated with WP LLC; WP is the managing member of WPP GP LLC or ultimate general partner of certain
other funds affiliated with WP LLC; WP LLC is the manager of the WP X Funds and certain other funds; and Messrs. Kaye and Landy are Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC.
(d) During the last five years, none of the Warburg Pincus Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) nor, to the knowledge of the Warburg Pincus Reporting Persons, have any of the persons named on Schedule A.
(e) During the last five years, none of the Warburg Pincus Reporting Persons, nor, to the knowledge of the Warburg Pincus Reporting Persons, any of the persons listed on Schedule A, has been a party to a civil proceeding or 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) Messrs. Kaye and Landy are citizens of the United States of America, and except as otherwise indicated on Schedule A each of the individuals referred to on Schedule A is a citizen of the United States of America.
Item 3. Source or Amount of Funds or Other Consideration.
The information set forth in Item 4 of this Statement is hereby incorporated by reference in this Item 3.
Item 4. Purpose of Transaction.
Prior to the consummation of the transactions contemplated by the Merger Agreement (as defined below), the Warburg Pincus Reporting Persons beneficially owned all of the outstanding common stock, par value $0.01 (the KC Blocker Stock), of Kansas City 727 Acquisition Corporation, a Delaware corporation (KC Blocker), the managing member and majority interest holder of Kansas City 727 Acquisition LLC, a Delaware limited liability company (The Mutual Fund Store). The board of directors of KC Blocker and the board of managers of The Mutual Fund Store resolved to enter into the Merger Agreement, and the stockholders of KC Blocker voted to approve the Merger Agreement and the transactions contemplated thereby, because of, among other things, the belief that the transactions contemplated by the Merger Agreement, including the receipt of shares of Common Stock by the direct and indirect membership interest holders of The Mutual Fund Store as partial consideration thereunder, represented an attractive business combination and the belief that the Common Stock represented, and continues to represent, an attractive investment. WP X Partners and WP X Finance, (the WP Parties), entered into the Put/Call Agreement to purchase shares of Common Stock because of the belief that the Common Stock represented, and continues to represent, an attractive investment.
The Warburg Pincus Reporting Persons beneficially own the Common Stock as an investment. Subject to the limitations described below in this Item 4, the Warburg Pincus Reporting Persons from time to time may decide to increase or decrease their investment in Financial Engines through shares of Common Stock in open market or private transactions or
otherwise. The timing and amount of any such increase or decrease may depend upon the price and availability of shares of Common Stock, subsequent developments affecting Financial Engines, Financial Engines business and prospects, other investment and business opportunities available to the Warburg Pincus Reporting Persons, general stock market and economic conditions, tax considerations and other factors considered relevant.
The Merger Agreement
On November 5, 2015, an Agreement and Plan of Mergers (as amended, the Merger Agreement) was entered into by and among Financial Engines, Mayberry Acquisition Sub I, LLC, a Delaware limited liability company and direct wholly owned subsidiary of the Issuer (Merger Sub 1), Mayberry Acquisition Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of the Issuer, Mayberry Acquisition Sub II, LLC, a Delaware limited liability company and wholly owned third tier subsidiary of Merger Sub 1, KC Blocker, TMFS Holdings, Inc., a Nevada corporation (Management Blocker), The Mutual Fund Store, and, solely in its capacity as the Sellers Representative, WP Fury Holdings, LLC, a Delaware limited liability company.
Pursuant to the Merger Agreement, among other things, after a series of transactions consummated on February 1, 2016, KC Blocker and The Mutual Fund Store became wholly owned subsidiaries of Financial Engines (the Mergers). Upon the consummation of the Mergers, pursuant to the terms of the Merger Agreement, the WP Parties received from Financial Engines an aggregate of 7,580,706 shares of Common Stock (i) a portion of which was received upon conversion of 534.14 shares of KC Blocker Stock, where each share of KC Blocker Stock was converted into the right to receive 11,827.3178 shares of Common Stock, and (ii) and a portion of which was received in respect of the net amount of the obligations of KC Blocker under certain promissory notes issued by KC Blocker to the WP Parties with an aggregate face value and due but unpaid interest as of February 1, 2016 in the amount of $70,022,508.50 (the WP Notes) less the receipt of $33,387,852.36 in cash from Financial Engines.
The foregoing summary of the Merger Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which is attached as Exhibit 2 to this Statement, which is incorporated herein by reference.
The Put/Call Agreement
In connection with the Merger Agreement, the WP Parties and Management Blocker entered into a Put/Call Letter Agreement, dated November 5, 2015 (the Put/Call Agreement), pursuant to which (i) the WP Parties granted to Management Blocker an option to sell to the WP Parties, and (ii) Management Blocker granted the WP Parties an option to purchase from Management Blocker, up to 637,550 in the aggregate shares of Common Stock at a price of $31.37 per share, in each case subject to the consummation of the Mergers. Management Blocker timely exercised its option to sell to the WP Parties 637,550 shares of Common Stock and, on February 1, 2016, following the consummation of the Mergers, the WP Parties purchased from
Management Blocker 637,550 shares of Common Stock (the Put Shares) for aggregate consideration of $19,999,943.50 in cash. The funds used by the WP Parties to purchase the Put Shares were obtained from the cash received by the WP Parties from Financial Engines upon the consummation of the Mergers in respect of the obligations of KC Blocker under the WP Notes, pursuant to the terms of the Merger Agreement.
The foregoing summary of the Put/Call Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the Put/Call Agreement, a copy of which is attached as Exhibit 4 to this Statement and is incorporated herein by reference.
The Stockholders Agreement
In connection with the Merger Agreement, Financial Engines, the WP Parties, Management Blocker and Christopher R. Braudis entered into a Stockholders Agreement, dated as of November 5, 2015 (the Stockholders Agreement). The Stockholders Agreement sets forth arrangements regarding certain governance matters and contains various provisions described below relating to, among other things, board representation, certain transfer restrictions, prohibitions on certain actions related to Financial Engines, and registration rights.
Board Representation. Pursuant to the terms of the Stockholders Agreement, the board of directors of Financial Engines (the Board) appointed Michael E. Martin, as director, effective February 1, 2016, to serve until Mr. Martins successor is duly elected and qualified or until Mr. Martins earlier resignation, removal, death or incapacity. Mr. Martin will serve as a member of the Compensation Committee of the Board. Until such time as Warburg Pincus Reporting Persons beneficially own less than the lower of (i) 5% of all of the outstanding shares of Common Stock and (ii) 50% of the number of shares of Common Stock received by the WP Parties as consideration in the Mergers, the Warburg Pincus Reporting Persons may designate Mr. Martins replacement on the Board in the circumstances and on the terms set forth in the Stockholders Agreement, and Financial Engines must nominate and solicit proxies for, and the Board must recommend in favor of, the election as director of Mr. Martin or his replacement at each special or annual meeting of Financial Engines stockholders at which the applicable class of directors is to be elected.
Transfer Restrictions and Restricted Activities. Under the Stockholders Agreement, in accordance with the terms and subject to the exceptions set forth therein, until such time as the Warburg Pincus Reporting Persons beneficially own less than 5% of all of the outstanding shares of Common Stock, the Warburg Pincus Reporting Persons may not knowingly transfer Common Stock to any person or group that would beneficially own 5% or more of all of the outstanding shares of Common Stock after giving effect to the transfer. In addition, until the 90th day after the Warburg Pincus Reporting Persons beneficially own less than 5% of all of the outstanding shares of Common Stock, the Warburg Pincus Reporting Persons are prohibited from taking certain actions related to Financial Engines under the Stockholders Agreement, in accordance with the terms and subject to the exceptions set forth therein, including that the Warburg Pincus Reporting Persons would not without Financial Engines prior consent: make proposals to the Board or Financial Engines stockholders or public announcements concerning a business combination or certain other extraordinary transactions involving Financial Engines; form or participate in a group (other than among affiliates of the Warburg Pincus Reporting Persons)
with any person with respect to Financial Engines voting securities; otherwise act with any person to seek to control or influence the management or policies of Financial Engines or the Board; or acquire Financial Engines voting securities if such acquisition would result in the Warburg Pincus Reporting Persons beneficially owning more than 19.9% of the outstanding Financial Engines voting securities.
Registration Rights. Under the Stockholders Agreement, in accordance with the terms and subject to the exceptions and restrictions set forth therein, Financial Engines is required to file with the SEC and maintain the effectiveness of a shelf registration statement to register for resale in the public market the shares of Common Stock held by the Warburg Pincus Reporting Persons and certain other persons.
The foregoing summary of the Stockholders Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the Stockholders Agreement, a copy of which is attached as Exhibit 3 to this Statement and is incorporated herein by reference.
Additional Disclosure
Except as set forth herein, none of the Warburg Pincus Reporting Persons nor, to the best of their knowledge, any person listed in Schedule A, has any plans or proposals that relate to or would result in any transaction, event or action enumerated in paragraphs (a) through (j) of Item 4 of the instructions to Schedule 13D with respect to the Issuer.
Subject to the terms of the Stockholders Agreement, the Warburg Pincus Reporting Persons reserve the right to formulate other plans or make proposals which relate to or would result in a transaction, event or action enumerated in paragraphs (a) through (j) of Item 4 of the instructions to Schedule 13D with respect to the Issuer, and take action in connection therewith, including a disposition of all or a portion of their investment in the Issuer. Subject to the terms of the Stockholders Agreement, the Warburg Pincus Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing with respect to the Issuer.
Item 5. Interest in Securities of the Issuer.
The information contained on the cover pages of this Statement are incorporated by reference.
(a) In the aggregate, the Warburg Pincus Reporting Persons beneficially own, as of the date hereof, an aggregate of 8,218,256 shares of Common Stock, representing 13.3% of Common Stock issued and outstanding (based on 61,585,287 shares of Common Stock outstanding as of February 2, 2016 as reported by the Issuer on its Registration Statement Form S-3 and accompanying prospectus filed with the SEC on February 3, 2016). This amount includes 254,791 shares of Common Stock held directly by WP X Partners and 7,936,465 shares of Common Stock held indirectly by WP X through its wholly owned subsidiary, WP X Finance, L.P.
(b) Each Warburg Pincus Reporting Person, as a member of a group with the other Warburg Pincus Reporting Persons for the purposes of Section 13(d)(3) of the Exchange Act, may be deemed to have shared voting, disposition and investment power with respect to
8,218,256 shares of Common Stock. Each Warburg Pincus Reporting Person disclaims beneficial ownership with respect to any shares of Common Stock, except to the extent of its pecuniary interest in such shares of Common Stock, and this Statement shall not be deemed an admission that for purposes of Section 13 of the Exchange Act or otherwise, any of the Warburg Pincus Reporting Persons is the beneficial owner of the Common Stock.
(c) Other than the shares reported herein, none of the Warburg Pincus Reporting Persons has effected any transaction involving the Common Stock in the 60 days prior to filing this Statement.
(d) To the best knowledge of the Warburg Pincus Reporting Persons, no person other than the Warburg Pincus Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Warburg Pincus Reporting Persons identified in this Item 5.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
The description of the Joint Filing Agreement under Item 2 of this Statement and the descriptions of the the Merger Agreement, the Put/Call Agreement and the Stockholders Agreement under Item 4 of this Statement are incorporated herein by reference.
Other than the Joint Filing Agreement, the Merger Agreement, the Put/Call Agreement and the Stockholders Agreement, mentioned above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Warburg Pincus Reporting Persons and between such person and any person with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the securities, finders fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
Item 7. Material to Be Filed as Exhibits.
The following documents are filed or incorporated by reference as exhibits to this Statement:
Exhibit |
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Description of Exhibit |
1 |
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Joint Filing Agreement, dated as of February 10, 2016, by and among Warburg Pincus Private Equity X, L.P., Warburg Pincus X Partners, L.P., Warburg Pincus X, L.P., Warburg Pincus X GP, L.P., WPP GP LLC, Warburg Pincus Partners, L.P., Warburg Pincus Partners GP LLC, Warburg Pincus & Co., Warburg Pincus LLC, Charles R. Kaye and Joseph P. Landy. |
2 |
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Agreement and Plan of Mergers, dated as of November 5, 2015, by and among Financial Engines, Inc., Mayberry Acquisition Sub I, LLC, Mayberry Acquisition Sub, Inc., Mayberry Acquisition Sub II, LLC, Kansas City 727 Acquisition Corporation, TMFS Holdings, Inc., Kansas City 727 |
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Acquisition LLC and, solely in its capacity as the Sellers Representative, WP Fury Holdings, LLC (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K of Financial Engines, Inc., filed with the U.S. Securities and Exchange Commission on November 9, 2015). |
3 |
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Stockholders Agreement, dated as of November 5, 2015, by and among Financial Engines, Inc., WP X Finance, L.P., WP X Partners, L.P., TMFS Holdings, Inc. and Christopher R. Braudis (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K of Financial Engines, Inc., filed with the U.S. Securities and Exchange Commission on November 9, 2015). |
4 |
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Put/Call Letter Agreement, dated as of November 5, 2015, by and among WP X Finance, L.P., WP X Partners, L.P. and TMFS Holdings, Inc. |
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.
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Date: February 10, 2016 | ||
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WARBURG PINCUS PRIVATE EQUITY X, L.P. | ||
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By: |
Warburg Pincus X, L.P., its general partner | |
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By: |
Warburg Pincus X GP L.P., its general partner | |
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By: |
WPP GP LLC, its general partner | |
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By: |
Warburg Pincus Partners, L.P., its managing member | |
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By: |
Warburg Pincus Partners GP LLC, its general partner | |
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By: |
Warburg Pincus & Co., its managing member | |
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS X PARTNERS, L.P. | ||
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By: |
Warburg Pincus X, L.P., its general partner | |
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By: |
Warburg Pincus X GP L.P., its general partner | |
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By: |
WPP GP LLC, its general partner | |
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By: |
Warburg Pincus Partners, L.P., its managing member | |
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By: |
Warburg Pincus Partners GP LLC, its general partner | |
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By: |
Warburg Pincus & Co., its managing member | |
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS X, L.P. | ||
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By: |
Warburg Pincus X GP L.P., its general partner | |
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By: |
WPP GP LLC, its general partner | |
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By: |
Warburg Pincus Partners, L.P., its managing member | |
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By: |
Warburg Pincus Partners GP LLC, its general partner | |
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By: |
Warburg Pincus & Co., its managing member | |
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS X GP, L.P. | ||
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By: |
WPP GP LLC, its general partner | |
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By: |
Warburg Pincus Partners, L.P., its managing member | |
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By: |
Warburg Pincus Partners GP LLC, its general partner | |
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By: |
Warburg Pincus & Co., its managing member | |
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WPP GP LLC | ||
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By: |
Warburg Pincus Partners, L.P., its managing member | |
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By: |
Warburg Pincus Partners GP LLC, its general partner | |
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By: |
Warburg Pincus & Co., its managing member | |
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS PARTNERS, L.P. | ||
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By: |
Warburg Pincus Partners GP LLC, its general partner | |
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By: |
Warburg Pincus & Co., its managing member | |
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS PARTNERS GP LLC | ||
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By: |
Warburg Pincus & Co., its managing member | |
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS & CO. | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS LLC | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Managing Director |
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CHARLES R. KAYE | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Attorney-in-Fact* |
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JOSEPH P. LANDY | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Attorney-in-Fact* |
* Power of Attorney given by each of Mr. Kaye and Mr. Landy was previously filed with the United States Securities and Exchange Commission on November 26, 2013 as an exhibit to a statement on Form 4 filed by Warburg Pincus Private Equity IX, L.P. with respect to Laredo Petroleum, Inc. (f/k/a Laredo Petroleum Holdings, Inc.) and is hereby incorporated by reference.
SCHEDULE A
PART I
Set forth below is the name, position and present principal occupation of each of the general partners of WP and members of WP LLC (including its subsidiaries). Except as otherwise indicated, the business address of each of such persons is c/o Warburg Pincus LLC, 450 Lexington Avenue, New York, New York 10017, and each of such persons is a citizen of the United States.
GENERAL PARTNERS OF WP
NAME |
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PRESENT PRINCIPAL OCCUPATION IN ADDITION |
Gregory C. Baecher |
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Partner of WP; Member and Managing Director of WP LLC |
David Barr |
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Partner of WP; Member and Managing Director of WP LLC |
Alain J.P. Belda |
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Partner of WP; Member and Managing Director of WP LLC |
Alexander Berzofsky |
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Partner of WP; Member and Managing Director of WP LLC |
Anthony Robert Buonanno |
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Partner of WP; Member and Managing Director of WP LLC |
Sean D. Carney |
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Partner of WP; Member and Managing Director of WP LLC |
Mark M. Colodny |
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Partner of WP; Member and Managing Director of WP LLC |
Timothy J. Curt |
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Partner of WP; Member and Managing Director of WP LLC |
Cary J. Davis |
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Partner of WP; Member and Managing Director of WP LLC |
Joseph Gagnon |
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Partner of WP; Member and Managing Director of WP LLC |
Timothy F. Geithner |
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Partner of WP; Member, Managing Director and President of WP LLC |
Stephanie Geveda |
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Partner of WP; Member and Managing Director of WP LLC |
Steven G. Glenn |
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Partner of WP; Member and Managing Director of WP LLC |
Michael Graff |
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Partner of WP; Member and Managing Director of WP LLC |
Joie Gregor |
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Partner of WP; Member and Managing Director of WP LLC |
Christopher Gunther |
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Partner of WP; Member and Managing Director of WP LLC |
Patrick T. Hackett |
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Partner of WP; Member and Managing Director of WP LLC |
Fred Hassan |
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Partner of WP; Member and Managing Director of WP LLC |
William Blake Holden |
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Partner of WP; Member and Managing Director of WP LLC |
Edward Y. Huang |
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Partner of WP; Member and Managing Director of WP LLC |
In Seon Hwang |
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Partner of WP; Member and Managing Director of WP LLC |
William H. Janeway |
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Partner of WP; Member and Senior Advisor of WP LLC |
Kenneth I. Juster |
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Partner of WP; Member and Managing Director of WP LLC |
Peter R. Kagan |
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Partner of WP; Member and Managing Director of WP LLC |
Charles R. Kaye |
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Managing General Partner of WP; Managing Member and Co-Chief Executive Officer of WP LLC |
Noah Knauf |
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Partner of WP; Member and Managing Director of WP LLC |
Robert B. Knauss |
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Partner of WP; Member and Managing Director of WP LLC |
David B. Krieger |
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Partner of WP; Member and Managing Director of WP LLC |
Rajveer Kushwaha |
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Partner of WP; Member and Managing Director of WP LLC |
Joseph P. Landy |
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Managing General Partner of WP; Managing Member and Co-Chief Executive Officer of WP LLC |
James Levy |
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Partner of WP; Member and Managing Director of WP LLC |
Frank Marinaro |
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Partner of WP; Member and Managing Director of WP LLC |
Harsha Marti |
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Partner of WP; Member and Managing Director of WP LLC |
Michael Martin |
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Partner of WP; Member and Managing Director of WP LLC |
Vishnu Menon |
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Partner of WP; Member and Managing Director of WP LLC |
James Neary |
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Partner of WP; Member and Managing Director of WP LLC |
Jeffrey Perlman |
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Partner of WP; Member and Managing Director of WP LLC |
Chandler Reedy |
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Partner of WP; Member and Managing Director of WP LLC |
John Rowan |
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Partner of WP; Member and Managing Director of WP LLC |
Justin L. Sadrian |
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Partner of WP; Member and Managing Director of WP LLC |
John W. Shearburn |
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Partner of WP; Member and Managing Director of WP LLC |
Ashutosh Somani |
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Partner of WP; Member and Managing Director of WP LLC |
David Sreter |
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Partner of WP; Member and Managing Director of WP LLC |
Christopher H. Turner |
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Partner of WP; Member and Managing Director of WP LLC |
James W. Wilson |
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Partner of WP; Member and Managing Director of WP LLC |
Daniel Zamlong |
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Partner of WP; Member and Managing Director of WP LLC |
Daniel Zilberman |
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Partner of WP; Member and Managing Director of WP LLC |
WP & Co. Partners, L.P.* |
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Warburg Pincus Principal Partnership, L.P.** |
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* New York limited partnership; primary activity is ownership interest in WP
** Delaware limited partnership; primary activity is ownership interest in WP
MEMBERS OF WP LLC
NAME |
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PRESENT PRINCIPAL OCCUPATION IN ADDITION |
Jonas Agesand (1) |
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Member and Managing Director of WP LLC |
Jacques Aigrain (2) |
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Member and Senior Advisor of WP LLC; Partner of WP |
Gregory C. Baecher |
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Member and Managing Director of WP LLC; Partner of WP |
Bo Bai |
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Member and Managing Director of WP LLC; Partner of WP |
David Barr |
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Member and Managing Director of WP LLC; Partner of WP |
Simon Begg (3) |
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Member and Managing Director of WP LLC |
Alain J.P. Belda |
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Member and Managing Director of WP LLC; Partner of WP |
Alexander Berzofsky |
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Member and Managing Director of WP LLC; Partner of WP |
Paul Best (3) |
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Member and Managing Director of WP LLC |
Peder Bratt (3) |
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Member and Managing Director of WP LLC |
Anthony Robert Buonanno |
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Member and Managing Director of WP LLC; Partner of WP |
Sean D. Carney |
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Member and Managing Director of WP LLC; Partner of WP |
Julian Cheng (4) |
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Member and Managing Director of WP LLC |
Mark M. Colodny |
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Member and Managing Director of WP LLC; Partner of WP |
Timothy J. Curt |
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Member and Managing Director of WP LLC; Partner of WP |
Cary J. Davis |
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Member and Managing Director of WP LLC; Partner of WP |
Yi Ding (5) |
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Member and Managing Director of WP LLC |
Simon Eyers (3) |
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Member and Managing Director of WP LLC |
Min Fang (5) |
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Member and Managing Director of WP LLC |
Max Fowinkel (6) |
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Member and Managing Director of WP LLC |
Joseph Gagnon |
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Member and Managing Director of WP LLC; Partner of WP |
Timothy F. Geithner |
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Member, Managing Director and President of WP LLC; Partner of WP |
Stephanie Geveda |
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Member and Managing Director of WP LLC; Partner of WP |
Steven G. Glenn |
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Member and Managing Director of WP LLC; Partner of WP |
Jeffrey G. Goldfaden |
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Member and Managing Director of WP LLC; Partner of WP |
Michael Graff |
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Member and Managing Director of WP LLC; Partner of WP |
Joie Gregor |
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Member and Managing Director of WP LLC; Partner of WP |
Christopher Gunther |
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Member and Managing Director of WP LLC; Partner of WP |
Patrick T. Hackett |
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Member and Managing Director of WP LLC; Partner of WP |
Fred Hassan |
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Member and Senior Advisor of WP LLC; Partner of WP |
William Blake Holden |
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Member and Managing Director of WP LLC; Partner of WP |
Edward Y. Huang |
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Member and Managing Director of WP LLC; Partner of WP |
In Seon Hwang |
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Member and Managing Director of WP LLC; Partner of WP |
William H. Janeway |
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Member and Senior Advisor of WP LLC; Partner of WP |
Kenneth I. Juster |
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Member and Managing Director of WP LLC; Partner of WP |
Peter R. Kagan |
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Member and Managing Director of WP LLC; Partner of WP |
Charles R. Kaye |
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Managing Member and Co-Chief Executive Officer of WP LLC; Managing General Partner of WP |
Noah Knauf |
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Member and Managing Director of WP LLC; Partner of WP |
Robert B. Knauss |
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Member and Managing Director of WP LLC; Partner of WP |
David B. Krieger |
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Member and Managing Director of WP LLC; Partner of WP |
Rajveer Kushwaha |
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Member and Managing Director of WP LLC; Partner of WP |
Joseph P. Landy |
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Managing Member and Co-Chief Executive Officer of WP LLC; Managing General Partner of WP |
James Levy |
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Member and Managing Director of WP LLC; Partner of WP |
Vishal Mahadevia |
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Member and Managing Director of WP LLC |
Niten Malhan (7) |
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Member and Managing Director of WP LLC |
Frank Marinaro |
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Member and Managing Director of WP LLC; Partner of WP |
Harsha Marti |
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Member and Managing Director of WP LLC; Partner of WP |
Michael Martin |
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Member and Managing Director of WP LLC; Partner of WP |
Vishnu Menon |
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Member and Managing Director of WP LLC; Partner of WP |
Piero Minardi (8) |
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Member and Managing Director of WP LLC; |
Nitin Nayar |
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Member and Managing Director of WP LLC |
James Neary |
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Member and Managing Director of WP LLC; Partner of WP |
Hoi Ying Ng (4) |
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Member and Managing Director of WP LLC |
René Obermann (6) |
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Member and Managing Director of WP LLC |
Narendra Ostawal (7) |
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Member and Managing Director of WP LLC |
Jeffrey Perlman |
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Member and Managing Director of WP LLC; Partner of WP |
Chandler Reedy |
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Member and Managing Director of WP LLC; Partner of WP |
John Rowan |
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Member and Managing Director of WP LLC; Partner of WP |
Justin L. Sadrian |
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Member and Managing Director of WP LLC; Partner of WP |
Anish Saraf (7) |
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Member and Managing Director of WP LLC |
Adarsh Sarma (7) |
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Member and Managing Director of WP LLC |
Viraj Sawhney (7) |
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Member and Managing Director of WP LLC |
Joseph C. Schull (9) |
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Member and Managing Director of WP LLC |
John W. Shearburn |
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Member and Managing Director of WP LLC; Partner of WP |
Ashutosh Somani |
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Member and Managing Director of WP LLC; Partner of WP |
David Sreter |
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Member and Managing Director of WP LLC; Partner of WP |
Biddanda N. Thimmaya (7) |
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Member and Managing Director of WP LLC |
Christopher H. Turner |
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Member and Managing Director of WP LLC; Partner of WP |
Somit Varma (7) |
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Member and Managing Director of WP LLC |
Zhen Wei (4) |
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Member and Managing Director of WP LLC |
James W. Wilson |
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Member and Managing Director of WP LLC; Partner of WP |
Daniel Zamlong |
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Member and Managing Director of WP LLC; Partner of WP |
Langlang Zhou (5) |
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Member and Managing Director of WP LLC |
Daniel Zilberman |
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Member and Managing Director of WP LLC; Partner of WP |
(1) Citizen of Sweden
(2) Citizen of France
(3) Citizen of United Kingdom
(4) Citizen of Hong Kong
(5) Citizen of China
(6) Citizen of Germany
(7) Citizen of India
(8) Citizen of Italy
(9) Citizen of Canada
As of February 1, 2016
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing on behalf of each of them of a statement on Schedule 13D (including any amendments thereto) with respect to the shares of Common Stock of the Issuer, and further agrees that this Joint Filing Agreement (this Agreement) be included as an exhibit to such joint filing.
This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.
The undersigned acknowledge that each shall be responsible for the timely filing of any amendments, and for the completion and accuracy of the information concerning it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the other.
IN WITNESS THEREOF, each of the undersigned, being duly authorized, hereby executes this Agreement this 10th day of February, 2016.
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WARBURG PINCUS PRIVATE EQUITY X, L.P. | |
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By: |
Warburg Pincus X, L.P., its general partner |
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By: |
Warburg Pincus X GP L.P., its general partner |
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By: |
WPP GP LLC, its general partner |
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By: |
Warburg Pincus Partners, L.P., its managing member |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS X PARTNERS, L.P. | |
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By: |
Warburg Pincus X, L.P., its general partner |
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By: |
Warburg Pincus X GP L.P., its general partner |
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By: |
WPP GP LLC, its general partner |
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By: |
Warburg Pincus Partners, L.P., its managing member |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS X, L.P. | |
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By: |
Warburg Pincus X GP L.P., its general partner |
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By: |
WPP GP LLC, its general partner |
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By: |
Warburg Pincus Partners, L.P., its managing member |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS X GP, L.P. | |
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By: |
WPP GP LLC, its general partner |
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By: |
Warburg Pincus Partners, L.P., its managing member |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WPP GP LLC | |
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By: |
Warburg Pincus Partners, L.P., its managing member |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS PARTNERS, L.P. | |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS PARTNERS GP LLC | |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS & CO. | |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS LLC | |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Managing Director |
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CHARLES R. KAYE | |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Attorney-in-Fact* |
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JOSEPH P. LANDY | |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Attorney-in-Fact* |
* Power of Attorney given by each of Mr. Kaye and Mr. Landy was previously filed with the United States Securities & Exchange Commission on November 26, 2013 as an exhibit to a statement on Form 4 filed by Warburg Pincus Private Equity IX, L.P. with respect to Laredo Petroleum, Inc. (f/k/a Laredo Petroleum Holdings, Inc.) and is hereby incorporated by reference.
Exhibit 4
PUT/CALL LETTER AGREEMENT
November 5, 2015
TMFS Holdings, Inc.
Attn: Adam S. Bold
1744 Stone Canyon Road
Los Angeles, California 90077
Re: Put/Call Agreement
Dear Adam:
As you know, Kansas City 727 Acquisition LLC, the parent company of The Mutual Fund Store, LLC (the Employer), Financial Engines, Inc. (Purchaser) and certain other parties are entering into an Agreement and Plan of Mergers, dated as of the date hereof (the Merger Agreement). The Merger Agreement contemplates that each of you and the Funds (as defined below) will receive in the Merger, among other things, certain shares of Purchaser Common Stock Merger (the Merger Stock Consideration). This letter agreement (this Letter Agreement), which is being entered into concurrently with the execution of the Merger Agreement, memorializes our agreement concerning our arrangements, entered into at your request, to provide you with the right to sell a portion of your Merger Stock Consideration to the Funds, and the Funds right to acquire certain of your Merger Stock Consideration.
1. Certain Definitions. For purposes of this Letter Agreement, the term Funds means, collectively, WP X Finance, L.P. and Warburg Pincus X Partners, L.P, and their respective successors and assigns. The term you means TMFS Holdings, Inc. Capitalized terms used but not defined in this letter shall have the definitions given them in the Merger Agreement.
2. Put Option.
a. In consideration for your obligations under this Letter Agreement, the Funds hereby grant you, on the terms set forth herein, the right to sell the Put Option Shares to the Funds, at the Option Closing, for the Put Option Consideration (the Put Option).
b. You may only exercise the Put Option by delivering, to the Sellers Representative in accordance with Section 13.5 (Notices) of the Merger Agreement, no later than 15 Business Days prior to the Closing Date, a written notice specifying the maximum number of Put Option Shares for which you wish to exercise your Put Option (the Put Option Notice). A Put Option Notice, once delivered, shall be final and irrevocable.
c. The Put Option Shares means the number of shares of Merger Stock Consideration equal to the lesser of (i) the number of shares of Merger Stock Consideration set forth in the Put Option Notice (which may not be greater than 637,550) and (ii) 637,550 shares of Merger Stock Consideration minus the number of Call Option
Shares set forth in any Call Option Notice delivered to you prior to the delivery of the Put Option Notice. For the avoidance of doubt, in no event shall the number of Put Option Shares and Call Option Shares, in the aggregate, exceed 637,550.
d. The Put Option Consideration means the product of (i) 31.37 multiplied by (ii) the number of Put Option Shares.
3. Call Option.
a. In consideration for the Funds obligations under this Letter Agreement, you hereby grant the Funds, on the terms set forth herein, the right to purchase the Call Option Shares from you, at the Option Closing, for the Call Option Consideration (the Call Option).
b. The Funds may only exercise the Call Option by delivering, to you at 1744 Stone Canyon Road, Los Angeles, California 90077 with a copy to Robert M. Barnes, Bryan Cave LLP, 1200 Main Street, Suite 3800, Kansas City, Missouri 64105, no later than 15 Business Days prior to the Closing Date, a written notice specifying the maximum number of Call Option Shares for which the Funds wish to exercise their Call Option (the Call Option Notice). A Call Option Notice, once delivered, shall be final and irrevocable.
c. The Call Option Shares means the number of shares of Merger Stock Consideration equal to the lesser of (i) the number of shares of Merger Stock Consideration set forth in the Call Option Notice (which may not be greater than 637,550) and (ii) 637,550 shares of Merger Stock Consideration minus the number of Put Option Shares set forth in any Put Option Notice delivered to the Sellers Representative prior to the delivery of the Call Option Notice. For the avoidance of doubt, in no event shall the number of Put Option Shares and Call Option Shares, in the aggregate, exceed 637,550.
d. The Call Option Consideration means the product of (i) 31.37 multiplied by (ii) the number of Call Option Shares.
4. Option Closing.
a. If you or the Funds duly exercise the Put Option or the Call Option, as the case may be, the closing of the Put Option and the Call Option (as applicable) (the Option Closing) shall be effective on the Closing Date, immediately following the Company Merger Effective Time. Promptly following the Option Closing, but in no event prior to the delivery of the shares of Purchaser Common Stock to you and/or your Affiliates and the delivery of cash consideration payable to the Funds by Purchaser, in both cases as is contemplated to be delivered in connection with and as of the Closing pursuant to the terms of the Merger Agreement, and at such time as the parties may agree, the parties shall take the following actions:
i. You shall deliver or cause to be delivered full and valid title to the Call Option Shares (if the Call Option has been duly exercised) and the Put
Option Shares (if the Put Option has been duly exercised) to the Funds, in the following proportions: 96.9% to WP X Finance, L.P. and 3.1% to Warburg Pincus X Partners, L.P., in each case free and clear of any and all Liens, other than restrictions on transfer originating under the Securities Act and applicable securities Laws and applicable terms and conditions of the Stockholders Agreement; and
ii. Contemporaneously with the delivery of the Call Option Shares and Put Option Shares pursuant to Section 4.a.i, the Funds shall pay (or cause to be paid) to you the Call Option Consideration (if the Call Option has been duly exercised) and the Put Option Consideration (if the Put Option has been duly exercised), in each case by wire transfer of immediately available funds in accordance with wire instructions provided in writing by you.
b. Notwithstanding anything to the contrary set forth herein, all obligations of the Funds hereunder, including but not limited to the obligation to pay any Put Option Consideration or Call Option Consideration, as the case may be, shall be several (and not joint and several) obligations of WP X Finance, L.P. and Warburg Pincus X Partners, L.P. in the following proportions: 96.9% from WP X Finance, L.P. and 3.1% from Warburg Pincus X Partners, L.P.
5. Certain Adjustments. Notwithstanding anything set forth herein to the contrary, if, between the date of this Letter Agreement and the Closing, shares of Purchaser Common Stock shall have been changed into a different number of shares or a different class of shares by reason of any stock dividend, subdivision, reorganization, reclassification, recapitalization, stock split, reverse stock split, combination, exchange of shares, or any similar change in capitalization, then the Put Option Shares, Call Option Shares, Put Option Consideration and Call Option Consideration and any other amounts in this Letter Agreement, as applicable, shall be equitably, appropriately and proportionately adjusted to provide to the parties hereto with the same economic effect as contemplated by this Letter Agreement prior to such event.
6. Further Assurances. Each of the parties hereto shall execute such documents and other instruments, obtain in a timely manner all necessary waivers, consents and approvals, effect all necessary registrations and filings, and take such further actions as may be required, to carry out the provisions hereof hereof and perform this Letter Agreement in compliance with applicable Law.
7. Governing Law; Venue; Waiver of Jury Trial. This Letter Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without respect to its principles of conflicts of laws. The parties hereto irrevocably submit to the jurisdiction of the Delaware Court of Chancery (or, if such court declines to accept jurisdiction, any state or federal court sitting in or for New Castle County, Delaware) with respect to any dispute arising out of or relating to this Letter Agreement, and each party irrevocably agrees that all claims in respect of such dispute or proceeding shall be heard and determined in such courts. The parties hereto hereby irrevocably waive, to the fullest extent permitted by law, any objection
which they may now or hereafter have to the venue of any dispute arising out of or relating to this Agreement or the transactions contemplated hereby brought in such court or any defense of inconvenient forum for the maintenance of such dispute or proceeding. Each party hereto agrees that a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent permitted by law, any right it may have to a trial by jury in respect of any litigation as between the parties directly or indirectly arising out of, under or in connection with this Agreement or the transactions contemplated hereby or disputes relating hereto. Each of the parties hereto (a) certifies that no representative, agent or attorney of the other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waivers and (b) acknowledges that it and the other parties have been induced to enter into this Letter Agreement by, among other things, the mutual waivers and certifications contained in this Section 7.
8. Termination. In the event that the Merger Agreement is terminated prior to the Closing, this Letter Agreement shall be null and void ab initio.
9. No Recourse. All Liabilities arising out of this Letter Agreement will be limited to the parties to this Letter Agreement and, with respect to such parties, will be limited to the terms of this Letter Agreement, and no Non-Recourse Party will have any Liability hereunder or with respect to the transactions contemplated hereby, whether by the enforcement of any assessment or by any Action (whether in contract or in tort, in Law or in equity, through attempted piercing of the corporate, limited partnership or limited liability company veil, or otherwise), or by virtue of any applicable Law. Non-Recourse Party means, with respect to a party to this Letter Agreement, any of such partys former, current and future equity holders, controlling Persons, agents, Representatives, Affiliates, members, managers, general or limited partners, successors or assignees (or any former, current or future equity holder, controlling Person, agent, Representative, Affiliate, member, manager, general or limited partner, successor or assignee of any of the foregoing); provided, that, for the avoidance of doubt, no party to this Letter Agreement will be considered a Non-Recourse Party.
10. Assignment. This Letter Agreement may be assigned by the Funds with your prior written consent; provided that such assignment shall not relieve either Fund of its obligations hereunder.
11. Specific Performance. The parties hereto agree that irreparable damage would occur if any provision of this Letter Agreement were not performed in accordance with the terms hereof and that, except as otherwise provided in Section 7, the parties shall be entitled to an injunction or injunctions or other equitable relief to prevent breaches of this Letter Agreement or to enforce specifically the performance of the terms and provisions hereof in any court set forth in Section 7, in addition to any other remedy to which they are entitled at law or in equity.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have duly executed this Letter Agreement, or caused this Letter Agreement to be duly executed on their behalf, as of the day and year first above written.
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WP X FINANCE, L.P. | |
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By: |
WPX GP, L.P., its managing general partner |
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By: |
Warburg Pincus Private Equity X, L.P., its general partner |
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By: |
Warburg Pincus X, L.P., its general partner |
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By: |
Warburg Pincus X GP L.P., its general partner |
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By: |
WPP GP LLC, its general partner |
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By: |
Warburg Pincus Partners, L.P., its managing member |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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WARBURG PINCUS X PARTNERS, L.P. | |
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By: |
Warburg Pincus X, L.P., its general partner |
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By: |
Warburg Pincus X GP L.P., its general partner |
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By: |
WPP GP LLC, its general partner |
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By: |
Warburg Pincus Partners, L.P., its managing member |
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By: |
Warburg Pincus Partners GP LLC, its general partner |
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By: |
Warburg Pincus & Co., its managing member |
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By: |
/s/ Robert B. Knauss |
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Name: Robert B. Knauss |
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Title: Partner |
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TMFS HOLDINGS, INC. | |
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By: |
/s/ Adam S. Bold |
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Adam S. Bold, President |
[Signature Page to Put/Call Letter Agreement]