0001104659-23-070477.txt : 20230612
0001104659-23-070477.hdr.sgml : 20230612
20230612175631
ACCESSION NUMBER: 0001104659-23-070477
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230608
FILED AS OF DATE: 20230612
DATE AS OF CHANGE: 20230612
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ares Management Corp
CENTRAL INDEX KEY: 0001176948
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009601
BUSINESS ADDRESS:
STREET 1: 2000 AVE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 3102014100
MAIL ADDRESS:
STREET 1: 2000 AVE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
FORMER NAME:
FORMER CONFORMED NAME: ARES MANAGEMENT LP
DATE OF NAME CHANGE: 20020701
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ARES MANAGEMENT LLC
CENTRAL INDEX KEY: 0001259313
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009604
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ares Management Holdings L.P.
CENTRAL INDEX KEY: 0001536937
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009603
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FL
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310.201.4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FL
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
FORMER NAME:
FORMER CONFORMED NAME: Ares Management Holdings LLC
DATE OF NAME CHANGE: 20111212
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ares Corporate Opportunities Fund IV, L.P.
CENTRAL INDEX KEY: 0001543148
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009606
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ares Partners Holdco LLC
CENTRAL INDEX KEY: 0001620263
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009598
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ares Management GP LLC
CENTRAL INDEX KEY: 0001620264
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009599
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ACOF Operating Manager IV, LLC
CENTRAL INDEX KEY: 0001620272
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009605
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ares Holdco LLC
CENTRAL INDEX KEY: 0001669983
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009602
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 3102014100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ares Voting LLC
CENTRAL INDEX KEY: 0001761656
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39322
FILM NUMBER: 231009600
BUSINESS ADDRESS:
STREET 1: C/O ARES MGMT, 2000 AVE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: C/O ARES MGMT, 2000 AVE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AZEK Co Inc.
CENTRAL INDEX KEY: 0001782754
STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089]
IRS NUMBER: 901017663
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 1330 W FULTON STREET, #350
CITY: CHICAGO
STATE: IL
ZIP: 60607
BUSINESS PHONE: 877-275-2935
MAIL ADDRESS:
STREET 1: 1330 W FULTON STREET, #350
CITY: CHICAGO
STATE: IL
ZIP: 60607
FORMER COMPANY:
FORMER CONFORMED NAME: CPG Newco LLC
DATE OF NAME CHANGE: 20190717
4
1
tm2318383-1_4seq1.xml
OWNERSHIP DOCUMENT
X0407
4
2023-06-08
0
0001782754
AZEK Co Inc.
AZEK
0001543148
Ares Corporate Opportunities Fund IV, L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001620272
ACOF Operating Manager IV, LLC
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001259313
ARES MANAGEMENT LLC
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001536937
Ares Management Holdings L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001669983
Ares Holdco LLC
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001176948
Ares Management Corp
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001761656
Ares Voting LLC
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001620264
Ares Management GP LLC
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0001620263
Ares Partners Holdco LLC
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES
CA
90067
1
0
0
0
0
Class A Common Stock
2023-06-08
2023-06-08
4
X
0
1050000
24.36
D
6276090
D
Class A Common Stock
2023-06-09
2023-06-09
4
S
0
4886250
25.70
D
1389840
D
Option (obligation to sell)
2023-06-08
4
X
0
1050000
D
Class A Common Stock
1050000
0
D
This statement is being filed by (i) Ares Corporate Opportunities Fund IV, L.P. ("ACOF IV"), (ii) ACOF Operating Manager IV, LLC ("ACOF Operating Manager IV"), (iii) Ares Management LLC, (iv) Ares Management Holdings L.P. ("Ares Management Holdings"), (v) Ares Holdco LLC ("Ares Holdco"), (vi) Ares Management Corporation ("Ares Management"), (vii) Ares Voting LLC ("Ares Voting"), (viii) Ares Management GP LLC ("Ares Management GP") and (ix) Ares Partners Holdco LLC ("Ares Partners") (collectively, the "Reporting Persons").
Ares Partners in the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is the sole member of ACOF Operating Manager IV, LLC, which is the manager of ACOF IV.
Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp de Veer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions.
Disposition pursuant to an underwriting agreement, dated May 16, 2023 (the "Underwriting Agreement"), and in connection with the registered public offering of shares of Class A Common Stock pursuant to the final prospectus dated May 16, 2023 and filed with the U.S. Securities and Exchange Commission on May 18, 2023 pursuant to Rule 424(b)(7) under the Securities Act of 1933, as amended, which offering was consummated on May 16, 2023 (the "Offering"). The Underwriting Agreement granted the underwriter an option to purchase an additional 1,050,000 shares of Class A Common Stock from ACOF IV at the same price as the sale price to the underwriter in the Offering within 30 days from the date of Underwriting Agreement (the "Option"). On June 8, 2023, the underwriter exercised the Option in full.
Each of the Reporting Persons, other than ACOF IV, and the Board Members, and the other directors, officers, partners, equity holders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Class A Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
For so long as ACOF IV owned more than 5% of the outstanding shares of Class A Common Stock, ACOF IV had the right to nominate directors for election to the board of directors of the Issuer pursuant to a stockholders agreement, dated June 11, 2020, by and among the Issuer, ACOF IV and the Ontario Teachers' Pension Plan Board ("OTPP"). ACOF IV previously nominated two directors to the Issuer's board of directors (the "Board"), one of whom is jointly appointed by ACOF IV and OTPP. As a result of the Offering, ACOF IV no longer beneficially owns more than 5% of the outstanding shares of Class A Common Stock and will therefore no longer be entitled to nominate directors of the Board. Accordingly, ACOF IV and each of its affiliates listed hereon may be deemed to be a director by deputization, so long as its nominees serve on the Board.
ARES CORPORATE OPPORTUNITIES FUND IV, L.P., By: ACOF OPERATING MANAGER IV, LLC Its: Manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory
2023-06-12
ACOF OPERATING MANAGER IV, LLC /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory
2023-06-12
ARES MANAGEMENT LLC /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2023-06-12
ARES MANAGEMENT HOLDINGS L.P. By: ARES HOLDCO LLC Its: General Partner /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2023-06-12
ARES HOLDCO LLC /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2023-06-12
ARES MANAGEMENT CORPORATION /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2023-06-12
ARES VOTING LLC By: ARES PARTNERS HOLDCO LLC Its: Sole Member /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2023-06-12
ARES MANAGEMENT GP LLC /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2023-06-12
ARES PARTNERS HOLDCO LLC /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2023-06-12