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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/A |
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Under the Securities Exchange Act of 1934
(Amendment No. 17)
MATCH GROUP, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
57665R106
(CUSIP Number)
Gregg Winiarski
Executive Vice President, General Counsel & Secretary
IAC/InterActiveCorp
555 West 18th Street
New York, NY 10011
Telephone: (212) 314-7300
Facsimile: (212) 314-7309
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
April 28, 2020
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
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).
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Names of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
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(b) |
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3. |
SEC Use Only | |||
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Source of Funds (See Instructions) | |||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o | |||
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Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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11. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12. |
Check 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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Type of Reporting Person (See Instructions) | |||
(1) Reflects 18,461,879 shares of common stock, par value $0.001, of Match Group, Inc. (Match Group) and 209,919,402 shares of Class B common stock, par value $0.001, of Match Group (the Class B Common Stock) beneficially owned by IAC/InterActiveCorp (IAC). Shares of Class B Common Stock are reflected on an as converted basis into shares of common stock in accordance with their terms.
(2) Assumes the conversion of all shares of Class B Common Stock beneficially owned by IAC into shares of common stock on a one-for-one basis. Because each share of Class B Common Stock is entitled to ten votes per share and each share of common stock is entitled to one vote per share, IAC may be deemed to beneficially own equity securities of Match Group representing approximately 97.4% of the total voting power of all classes of capital stock of Match Group, based on 74,169,098 and 209,919,402 shares of common stock and Class B Common Stock outstanding, respectively, on April 15, 2020. See Item 5.
Introductory Note
The Report on Schedule 13D relating to the common stock, par value $0.001 per share (Company Common Stock), of Match Group, Inc., a Delaware corporation (the Company or Match Group), initially filed by IAC/InterActiveCorp (IAC) with the Securities and Exchange Commission (the SEC) on April 14, 2016 (the Initial Schedule 13D), as amended by Amendment Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 and 16 thereto dated June 30, 2016, April 4, 2017, July 24, 2017, August 7, 2017, August 9, 2017, September 30, 2017, December 31, 2017, February 22, 2018, April 23, 2018, June 30, 2018, March 31, 2019, August 9, 2019, October 11, 2019, November 7, 2019, December 20, 2019, and February 4, 2020, respectively, is hereby further amended and supplemented to include the information set forth in this Report on Schedule 13D/A (this Amendment), which constitutes Amendment No. 17 to the Initial Schedule 13D. Capitalized terms not defined herein have the meanings given to such terms in the Initial Schedule 13D, as previously amended.
Item 3. Source and Amount of Funds or Other Consideration.
The information set forth in Item 3 of the Initial Schedule 13D is hereby amended and supplemented as follows:
Pursuant to the Employee Matters Agreement, dated as of November 24, 2015, by and between IAC and the Company, as amended effective as of April 13, 2016 (the Employee Matters Agreement), 295,667 and 5,603 shares of Company Common Stock were issued to IAC on February 29, 2020 and March 31, 2020, respectively, as reimbursement for shares of common stock, par value $0.001, of IAC issued in connection with the exercise and settlement of certain equity awards held by Match Group employees.
Item 4. Purpose of the Transaction.
The information set forth in Item 4 of the Initial Schedule 13D is hereby amended and supplemented as follows:
On April 28, 2020, IAC, Match Group, IAC Holdings, Inc., a Delaware corporation and a direct wholly owned subsidiary of IAC (New IAC), and Valentine Merger Sub LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of IAC (New Match Merger Sub), entered into a letter agreement (the Amendment) amending the Transaction Agreement, dated as of December 19, 2019, by and among IAC, Match Group, New IAC and New Match Merger Sub (the Transaction Agreement). The terms of the Amendment are summarized in Item 1.01 of the Current Report on Form 8-K filed by IAC with the SEC on April 28, 2020 (the Form 8-K) and the Amendment is attached as Exhibit 2.1 to the Form 8-K. Both the disclosure set forth under Item 1.01 of the Form 8-K and the Amendment attached as Exhibit 2.1 to the Form 8-K are incorporated by reference herein. For additional information please refer to the Form 8-K.
Item 5. Interest in Securities of the Issuer.
The information set forth in paragraph (a) of Item 5 of the Initial Schedule 13D is hereby amended and supplemented as follows:
(a) IAC beneficially owns 18,461,879 of Company Common Stock, representing approximately 24.9% of the total outstanding shares of Company Common Stock on April 15, 2020. IAC also beneficially owns 209,919,402 shares of Class B Common Stock, representing 100% of the outstanding shares of Class B Common Stock on April 15, 2020. In accordance with their terms, shares of Class B Common Stock are convertible into shares of Company Common Stock on a one-for-one basis, at any time at the election of the holder. As of the date of this report, IAC is the beneficial owner of shares of Company Common Stock and Class B Common Stock representing approximately 97.4% of the total voting power of all classes of the Companys capital stock and 80.4% (on an as converted basis) of the total outstanding shares of the Companys capital stock, in each case, based on 74,169,098 shares of Company Common Stock and 209,919,402 shares of Class B Common Stock outstanding on April 15, 2020.
Item 7. Materials to be Filed as Exhibits.
99.1 |
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Employee Matters Agreement, dated as of November 24, 2015, by and between IAC/InterActiveCorp and Match Group, Inc. (incorporated by reference to Exhibit 10.2 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 24, 2015 (File No. 000-20570)). |
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99.2 |
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Amendment Number One to the Employee Matters Agreement, effective as of April 13, 2016, by and between IAC/InterActiveCorp and Match Group, Inc. (previously filed as Exhibit 99.2 to the Schedule 13D filed by IAC/InterActiveCorp with the Securities and Exchange Commission on April 14, 2016). |
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99.3 |
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Investor Rights Agreement, dated as of November 24, 2015, by and between IAC/InterActiveCorp and Match Group, Inc. (incorporated by reference to Exhibit 10.3 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 24, 2015 (File No. 000-20570)). |
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99.4 |
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Current Report on Form 8-K of IAC/InterActiveCorp, filed with the Securities and Exchange Commission on December 20, 2019 (File No. 000-20570). |
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99.5 |
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Transaction Agreement, dated as December 19, 2019, by and among IAC/InterActiveCorp, Match Group, Inc., IAC Holdings, Inc. and Valentine Merger Sub LLC (incorporated by reference to Exhibit 2.1 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 20, 2019 (File No. 000-20570)). |
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99.6 |
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Contribution Agreement, dated as of December 19, 2019, by and among TMC Realty, L.L.C., 8831-8833 Sunset, LLC and Match Group, Inc. (incorporated by reference to Exhibit 99.1 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 20, 2019 (File No. 000-20570)). |
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99.7 |
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Item 1.01 of the Current Report on Form 8-K of IAC/InterActiveCorp, filed with the Securities and Exchange Commission on April 28, 2020 (File No. 000-20570). |
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99.8 |
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Amendment to the Transaction Agreement, dated as of April 28, 2020, by and among IAC/InterActiveCorp, IAC Holdings, Inc., Valentine Merger Sub LLC, and Match Group, Inc. (incorporated by reference to Exhibit 2.1 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 28, 2020 (File No. 000-20570)). |
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information in this statement is true, complete and correct.
IAC/INTERACTIVECORP | |||
By: |
/s/ Gregg Winiarski | ||
Name: |
Gregg Winiarski | ||
Title: |
Executive Vice President, General Counsel & Secretary |
Dated: April 28, 2020