UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 6)
GOGO INC.
(Name of Issuer)
COMMON STOCK, $0.0001 PAR VALUE PER SHARE
(Title of Class of Securities)
380446C 10 9
(CUSIP Number)
Robert A. Copen
Thorndale Farm, Inc.
63 Front Street
Millbrook, New York 12545
(845) 605-3633
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 1, 2017
(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. ☐
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 information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 380446C 10 9 | Page 2 |
1 | Name of reporting person / I.R.S. Identification Nos. of Above Persons (entities only)
Thorndale Farm, Inc. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check box if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ☐
| |||||
6 | Citizenship or place or organization
State of Delaware | |||||
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
| ||||
8 | Shared voting power
25,450,823 | |||||
9 | Sole dispositive power
| |||||
10 | Shared dispositive power
25,450,823 | |||||
11 |
Aggregate amount beneficially owned by each person
25,450,823 | |||||
12 | Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
| |||||
13 | Percent of class represented by amount in Row (11)
29.5% | |||||
14 | Type of reporting person
CO |
CUSIP No. 380446C 10 9 | Page 3 |
1 | Name of reporting person / I.R.S. Identification Nos. of Above Persons (entities only)
Thorndale Farm Gogo, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check box if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ☐
| |||||
6 | Citizenship or place or organization
State of Delaware | |||||
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
| ||||
8 | Shared voting power
25,450,823 | |||||
9 | Sole dispositive power
| |||||
10 | Shared dispositive power
25,450,823 | |||||
11 |
Aggregate amount beneficially owned by each person
25,450,823 | |||||
12 | Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
| |||||
13 | Percent of class represented by amount in Row (11)
29.5% | |||||
14 | Type of reporting person
OO |
CUSIP No. 380446C 10 9 | Page 4 |
1 | Name of reporting person / I.R.S. Identification Nos. of Above Persons (entities only)
Oakleigh Thorne | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
PF | |||||
5 | Check box if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ☐
| |||||
6 | Citizenship or place or organization
United States of America | |||||
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
| ||||
8 | Shared voting power
25,590,359 | |||||
9 | Sole dispositive power
| |||||
10 | Shared dispositive power
25,590,359 | |||||
11 |
Aggregate amount beneficially owned by each person
25,590,359 | |||||
12 | Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☒
| |||||
13 | Percent of class represented by amount in Row (11)
29.4% | |||||
14 | Type of reporting person
IN |
CUSIP No. 380446C 10 9 | Page 5 |
1 | Name of reporting person / I.R.S. Identification Nos. of Above Persons (entities only)
OAP, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check box if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ☐
| |||||
6 | Citizenship or place or organization
State of Delaware | |||||
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
| ||||
8 | Shared voting power
139,536 | |||||
9 | Sole dispositive power
| |||||
10 | Shared dispositive power
139,536 | |||||
11 |
Aggregate amount beneficially owned by each person
139,536 | |||||
12 | Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
| |||||
13 | Percent of class represented by amount in Row (11)
0.2% | |||||
14 | Type of reporting person
OO |
This Amendment No. 6 to Schedule 13D is being filed by the Reporting Persons to amend and supplement the Schedule 13D filed with the Securities and Exchange Commission (the Commission) on July 8, 2013, as amended on May 16, 2014, August 13, 2014, November 17, 2015, May 2, 2016 and September 2, 2016 (as amended, the Schedule 13D). Unless set forth below, all previous Items set forth in the Schedule 13D remain unchanged. Capitalized terms used herein and not defined have the meanings given to them in the Schedule 13D.
Item 2. Identity and Background.
Item 2(a) of the Schedule 13D is hereby amended and restated in its entirety as set forth below:
(a) | This statement is being jointly filed by each of the following persons pursuant to Rule 13d-1(k) promulgated by the Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the Exchange Act): |
(i) Thorndale Farm, Inc. (Thorndale Farm), a Delaware corporation, by virtue of being the managing member of Thorndale Farm Gogo, LLC (Thorndale Farm Gogo); |
(ii) Thorndale Farm Gogo, a Delaware limited liability company, by virtue of its direct ownership of Common Stock; |
(iii) Oakleigh Thorne, a citizen of the United States, by virtue of being (a) the Chief Executive Officer of Thorndale Farm; and (b) the managing member of OAP, LLC (OAP); and |
(iv) OAP, a Delaware limited liability company, by virtue of its direct ownership of Common Stock. |
The persons and entities named in (i) through (iv) above are sometimes referred to herein individually as a Reporting Person and collectively as the Reporting Persons. |
Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of information by another Reporting Person. |
The Reporting Persons may be deemed to constitute a group for purposes of Section 13(d)(3) of the Exchange Act. The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this statement. |
Set forth in Annex A attached hereto is a listing of the directors, executive officers, members, general partners and controlling persons, as applicable, of each Reporting Person (collectively, the Covered Persons). Annex A is incorporated herein by reference. |
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following at the end thereof:
On October 1, 2017, in connection with the long-term estate planning of Oakleigh Thorne and his family, certain trusts and other entities affiliated with Oakleigh Thorne contributed their directly held shares of Common Stock to a newly created entity, Thorndale Farm Gogo, in exchange for a pro rata share of the equity interests in Thorndale Farm Gogo.
Item 5. Interest in Securities of the Issuer.
Items 5(a), 5(b) and 5(d) of the Schedule 13D are hereby amended and restated in their entirety as set forth below:
(a) and (b)
The information contained on the cover pages of this Schedule 13D is incorporated herein by reference.
In the aggregate, the Reporting Persons beneficially own, as of the date hereof, an aggregate of 25,590,359 shares of Common Stock.
The shares of Common Stock are directly held as follows: 25,450,823 shares are held by Thorndale Farm Gogo and 139,536 shares are held by OAP.
The shares owned directly by Thorndale Farm Gogo are beneficially owned indirectly by Thorndale Farm and Mr. Thorne. Thorndale Farm is the managing member of Thorndale Farm Gogo and Mr. Thorne is the chief executive officer of Thorndale Farm. As such, Thorndale Farm and Mr. Thorne may be deemed to have beneficial ownership of the shares held by Thorndale Farm Gogo.
The shares owned directly by OAP are beneficially owned indirectly by Mr. Thorne. Mr. Thorne is the managing member of OAP and may be deemed to have beneficial ownership of the shares held by OAP.
To the knowledge of the Reporting Persons, none of the Covered Persons directly owns any shares of Common Stock.
All percentages calculated in this Schedule 13D are based upon an aggregate of 86,714,196 shares of Common Stock outstanding on July 31, 2017, as reported in the Quarterly Report on Form 10-Q for the three months ended June 30, 2017, as filed by the Issuer with the Commission on August 7, 2017.
(d) To the knowledge of the Reporting Persons, other than the individuals and entities described in Item 5(a) and (b) above, no other persons have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock in an aggregate amount greater than five percent of the shares of Common Stock outstanding.
Item 6. Contract, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following at the end thereof:
Pledge Agreement
On October 1, 2017, Thorndale Farm Gogo entered into a Guaranty Agreement (the Guaranty Agreement) in favor of The Northern Trust Company, as lender (the Lender) to an affiliate of Thorndale Farm and Thorndale Farm Gogo pursuant to a Master Note (the Note). As security for its obligation under the Guaranty Agreement, Thorndale Farm Gogo has pledged 25,450,823 shares of Common Stock pursuant to a Pledge Agreement by and between Thorndale Farm Gogo and the Lender (the Pledge Agreement). All voting rights and rights to receive dividends and distributions with respect to the shares pledged pursuant to the Pledge Agreement will remain with Thorndale Farm Gogo unless an event of default under the Note has occurred and is continuing.
Item 7. Material to be files as Exhibits.
Exhibit 1 Joint Filing Agreement among the Reporting Persons dated as of October 3, 2017.
SIGNATURES
After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: October 3, 2017
THORNDALE FARM, INC. | ||
By: | /s/ Oakleigh Thorne | |
Name: | Oakleigh Thorne | |
Title: | Chief Executive Officer | |
THORNDALE FARM GOGO, LLC | ||
By: | Thorndale Farm, Inc., its Manager | |
/s/ Oakleigh Thorne | ||
Name: Oakleigh Thorne | ||
Title: Chief Executive Officer | ||
OAKLEIGH THORNE | ||
By: | /s/ Oakleigh Thorne | |
OAP, LLC | ||
By: | /s/ Oakleigh Thorne | |
Name: | Oakleigh Thorne | |
Title: | Managing Member |
Exhibit 1
SCHEDULE 13D JOINT FILING AGREEMENT
In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13D to which this joint filing agreement is attached, and have duly executed this joint filing agreement as of the date set forth below.
Date: October 3, 2017
THORNDALE FARM, INC. | ||
By: | /s/ Oakleigh Thorne | |
Name: | Oakleigh Thorne | |
Title: | Chief Executive Officer | |
THORNDALE FARM GOGO, LLC | ||
By: | Thorndale Farm, Inc., its Manager | |
/s/ Oakleigh Thorne | ||
Name: Oakleigh Thorne | ||
Title: Chief Executive Officer | ||
OAKLEIGH THORNE | ||
By: | /s/ Oakleigh Thorne | |
OAP, LLC | ||
By: | /s/ Oakleigh Thorne | |
Name: | Oakleigh Thorne | |
Title: | Managing Member |
EXHIBIT INDEX
Exhibit No.
Exhibit 1 Joint Filing Agreement among the Reporting Persons dated as of October 3, 2017.
ANNEX A
Thorndale Farm, Inc.
The following table sets forth the names and principal occupations of the executive officers of Thorndale Farm, Inc.
Name |
Principal Occupation | |
Oakleigh Thorne |
Chief Executive Officer | |
Robert A. Copen |
General Counsel and Chief Operating OfficerDirect Investments | |
Andrew Fox |
Chief Financial Officer |
Thorndale Farm Gogo, LLC
The following table sets forth the names and principal occupations of the executive officers of Thorndale Farm Gogo, LLC.
Name |
Principal Occupation | |
Oakleigh Thorne |
Chief Executive Officer | |
Robert A. Copen |
General Counsel and Chief Operating OfficerDirect Investments | |
Andrew Fox |
Chief Financial Officer |
OAP, LLC
The following table sets forth the name and principal occupation of the managing member of OAP, LLC.
Name |
Principal Occupation | |
Oakleigh Thorne |
Managing Member |