0000950103-23-003731.txt : 20230306 0000950103-23-003731.hdr.sgml : 20230306 20230306193929 ACCESSION NUMBER: 0000950103-23-003731 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230302 FILED AS OF DATE: 20230306 DATE AS OF CHANGE: 20230306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Angelakis Michael J CENTRAL INDEX KEY: 0001393014 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23710630 MAIL ADDRESS: STREET 1: 40 MORRIS AVENUE CITY: BRYN MAWR STATE: PA ZIP: 19010 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Atairos Group, Inc. CENTRAL INDEX KEY: 0001671122 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23710633 BUSINESS ADDRESS: STREET 1: 40 MORRIS AVENUE CITY: BRYN MAWR STATE: PA ZIP: 19010 BUSINESS PHONE: 646-690-5252 MAIL ADDRESS: STREET 1: 40 MORRIS AVENUE CITY: BRYN MAWR STATE: PA ZIP: 19010 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Atairos Partners GP, Inc. CENTRAL INDEX KEY: 0001671176 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23710631 BUSINESS ADDRESS: STREET 1: 40 MORRIS ROAD CITY: BRYN MAWR STATE: PA ZIP: 19010 BUSINESS PHONE: 646-690-5252 MAIL ADDRESS: STREET 1: 620 FIFTH AVENUE STREET 2: ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wagner Rachael A. CENTRAL INDEX KEY: 0001879520 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23710629 MAIL ADDRESS: STREET 1: C/O BOWLERO CORP. STREET 2: 222 WEST 44TH STREET CITY: NEW YORK STATE: NY ZIP: 10036 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Atairos Partners, L.P. CENTRAL INDEX KEY: 0001671185 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23710632 BUSINESS ADDRESS: STREET 1: 40 MORRIS AVENUE CITY: BRYN MAWR STATE: PA ZIP: 19010 BUSINESS PHONE: 646-690-5252 MAIL ADDRESS: STREET 1: 40 MORRIS AVENUE CITY: BRYN MAWR STATE: PA ZIP: 19010 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: A-B Parent LLC CENTRAL INDEX KEY: 0001866556 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23710634 BUSINESS ADDRESS: STREET 1: C/O ATAIROS GROUP INC STREET 2: 40 MORRIS AVE CITY: BRYN MAWR STATE: PA ZIP: 19010 BUSINESS PHONE: 646-690-5220 MAIL ADDRESS: STREET 1: C/O ATAIROS GROUP INC STREET 2: 40 MORRIS AVE CITY: BRYN MAWR STATE: PA ZIP: 19010 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bowlero Corp. CENTRAL INDEX KEY: 0001840572 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 981632024 STATE OF INCORPORATION: VA FISCAL YEAR END: 0703 BUSINESS ADDRESS: STREET 1: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 BUSINESS PHONE: 800-417-2000 MAIL ADDRESS: STREET 1: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 FORMER COMPANY: FORMER CONFORMED NAME: Isos Acquisition Corp. DATE OF NAME CHANGE: 20210114 4 1 dp190289_4-ab.xml FORM 4 X0306 4 2023-03-02 0 0001840572 Bowlero Corp. BOWL 0001866556 A-B Parent LLC C/O ATAIROS MANAGEMENT, L.P. 40 MORRIS AVENUE, STE 300 BRYN MAWR PA 19010 1 0 1 0 0001671122 Atairos Group, Inc. C/O ATAIROS MANAGEMENT, L.P. 40 MORRIS AVENUE, STE 300 BRYN MAWR PA 19010 1 0 1 0 0001671185 Atairos Partners, L.P. C/O ATAIROS MANAGEMENT, L.P. 40 MORRIS AVENUE, STE 300 BRYN MAWR PA 19010 1 0 1 0 0001671176 Atairos Partners GP, Inc. C/O ATAIROS MANAGEMENT, L.P. 40 MORRIS AVENUE, STE 300 BRYN MAWR PA 19010 1 0 1 0 0001393014 Angelakis Michael J C/O ATAIROS MANAGEMENT, L.P. 40 MORRIS AVENUE, STE 300 BRYN MAWR PA 19010 1 0 1 0 0001879520 Wagner Rachael A. C/O ATAIROS MANAGEMENT, L.P. 40 MORRIS AVENUE, STE 300 BRYN MAWR PA 19010 1 0 1 0 Class A Common Stock 2023-03-02 4 M 0 4908234 A 68392557 D Restricted Stock Units 2023-03-02 4 M 0 4908234 D Class A Common Stock 4908234 4908234 D On March 2, 2023, the reporting person became entitled to receive 4,908,234 shares of the Issuer's Class A Common Stock pursuant to the "earn-out" provision in the Merger Agreement between the Issuer and Bowlero Corp. (the "Merger Agreement") because the closing per share price of Issuer's Class A Common Stock was greater than or equal to $15.00 for 10 trading days within the consecutive 20-trading day period beginning on February 16, 2023 and the applicable earn-out hurdle was achieved. The 4,908,234 shares represent 50% of the total shares of Class A Common Stock (the "Earnout Shares") issuable to the reporting person pursuant to the Merger Agreement. Also includes 16,536 restricted stock units ("RSUs") acquired from award of Issuer's restricted stock units for non-employee directors pursuant to the Issuer's director compensation policy. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock and will vest on the earlier of (i) December 14, 2023 and (ii) the Issuer's first regular annual meeting following December 14, 2022. Reflects the remaining 50% of Earnout Shares issuable to the reporting person pursuant to the Merger Agreement. The remaining Earnout Shares vest to the extent that the closing per share price of Class A Common Stock is greater than or equal to $17.50 for any 10 trading days within any consecutive 20-trading day period. The Earnout Shares are subject to certain adjustments, as set forth in the Merger Agreement. If the conditions are not met and the shares have not vested as of the 5-year anniversary of the Closing, the right to these Earnout Shares will be forfeited. This Form 4 is being filed by more than one Reporting Person. Atairos Group, Inc. ("Atairos Inc.") is the sole member of A-B Parent LLC ("A-B Parent"). Atairos Partners, L.P. ("AP"), is the sole voting shareholder of Atairos Inc. Atairos Partners GP, Inc. ("APGP", and together with Atairos Inc., A-B Parent, and AP, the "Atairos Entities") is the general partner of AP. Michael J. Angelakis directly or indirectly controls a majority of the voting power of APGP. Michael J. Angelakis is the Chairman and Chief Executive Officer of Atairos Management, L.P. and Rachael Wagner is a Partner of Atairos Management, L.P. and each serves as a representative of the Atairos Entities on the Board of Directors of the Issuer, and as such, each of the Atairos Entities may be deemed a director by deputization of the Issuer. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, hers or its pecuniary interest therein. A-B Parent LLC /s/ David Caplan Name: David Caplan Title: Vice President 2023-03-06 Atairos Group, Inc. /s/ David Caplan Name: David Caplan Title: Vice President 2023-03-06 Atairos Partners, L.P. /s/ David Caplan Name: David Caplan Title: Vice President 2023-03-06 Atairos Partners GP, Inc. /s/ David Caplan Name: David Caplan Title: Vice President 2023-03-06 Michael J. Angelakis /s/ David Caplan, attorney-in-fact for Michael Angelakis 2023-03-06 Rachael Wagner /s/ David Caplan, attorney-in-fact for Rachael Wagner 2023-03-06