-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TQpLh246Iv0w/a6cugYk8LBSfSf+e2Uhehb9ro90XhyywtYIv0+68SE+IeIBu1e2 qEPfwI9Iacec8ad4wFWGuA== 0001104659-06-061705.txt : 20060919 0001104659-06-061705.hdr.sgml : 20060919 20060918210806 ACCESSION NUMBER: 0001104659-06-061705 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060913 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20060919 DATE AS OF CHANGE: 20060918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASPEN TECHNOLOGY INC /DE/ CENTRAL INDEX KEY: 0000929940 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 042739697 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24786 FILM NUMBER: 061096779 BUSINESS ADDRESS: STREET 1: TEN CANAL PARK CITY: CAMBRIDGE STATE: MA ZIP: 02141 BUSINESS PHONE: 6179491000 MAIL ADDRESS: STREET 1: TEN CANAL PARK CITY: CAMBRIDGE STATE: MA ZIP: 02141 8-K 1 a06-19864_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 13, 2006

ASPEN TECHNOLOGY, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware

0-24786

04-2739697

(State or Other Jurisdiction

(Commission File Number)

(IRS Employer

of Incorporation

 

Identification No.)

 

Ten Canal Park, Cambridge MA

02141

(Address of Principal Executive Offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (617) 949-1000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



 

Item 1.01.  Entry into a Material Definitive Agreement

On September 15, 2006, we entered into amendments to our loan and security agreement and our Export-Import Bank loan and security agreement, each dated as of January 30, 2003, with Silicon Valley Bank.  The following changes are effected by the amendments to the existing terms of the loan arrangements:

·                                          the maturity date under each of these agreements is extended from September 13, 2006 to January 15, 2007; and

·                                          monthly tangible net worth covenants and adjusted quick ratios are established for the extension period.

Item 5.02            Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On September 13, 2006, Christopher Pike, who was designated by the holders of our Series D-1 convertible preferred stock pursuant to our charter to serve as one of our Class III directors, resigned from our board of directors.  Also on September 13, 2006, our Series D-1 holders appointed David McKenna as one of our Class III directors to fill the vacancy left by the resignation of Mr. Pike.  Our Series D-1 convertible preferred stock is held by limited partnerships managed by Advent International Corporation.

Since 2003, Mr. McKenna has been a partner of Advent International.  From 1992 to 2000, Mr. McKenna held various positions with Advent International.  Prior to returning to Advent International, Mr. McKenna was a principal at Bain Capital from 2000 to 2003.  Mr. McKenna is a director of Boart Longyear, a provider of drilling services and products to the mining industry.  Mr. McKenna holds a Bachelor of Arts degree from Dartmouth College.



 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ASPEN TECHNOLOGY, INC.

 

 

 

Date: September 18, 2006

By:

/s/ Frederic G. Hammond

 

 

Frederic G. Hammond

 

 

Senior Vice President and

 

 

General Counsel

 


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