Sec Form 13D Filing - Starboard Value LP filing for Cyxtera Technologies Inc. (CYXT) - 2022-03-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
WASHINGTON, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934 
(Amendment No. 4)*
 
Cyxtera Technologies, Inc.
(f/k/a Starboard Value Acquisition Corp.) 
(Name of Issuer)
 
Class A common stock, par value $0.0001 per share 
(Title of Class of Securities)
 
23284C102
 (CUSIP NUMBER)
 
Jeffrey C. Smith
Starboard Value LP
777 Third Avenue, 18th Floor
New York, New York 10017
(212) 845-7977
 
COPIES TO:
Jason Daniel
Akin Gump Strauss Hauer & Feld LLP
2300 N. Field Street
Suite 1800
Dallas, TX 75201
(214) 969-4209
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
March 10, 2022
(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   ◻.
 
The information required in 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, as amended (the “Act”), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
20,767,571
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
20,767,571
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
20,767,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
12.2%
14
TYPE OF REPORTING PERSON*
 
PN


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value and Opportunity Master Fund Ltd
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
11,602,587
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
11,602,587 
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
11,602,587 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
6.8%
14
TYPE OF REPORTING PERSON*
 
CO



 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value and Opportunity S LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
2,054,489
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
2,054,489
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,054,489
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
1.2%
14
TYPE OF REPORTING PERSON*
 
OO
 


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value and Opportunity C LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
1,221,537
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
1,221,537
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,221,537
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
Less than 1%
14
TYPE OF REPORTING PERSON*
 
PN
  


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value R LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
1,221,537
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
1,221,537
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,221,537
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
Less than 1%
14
TYPE OF REPORTING PERSON*
 
PN
  


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value R GP LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
2,160,345
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
2,160,345
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,160,345
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
1.3%
14
TYPE OF REPORTING PERSON*
 
OO
 


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value and Opportunity Master Fund L LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
938,808
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
938,808
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
938,808
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
Less than 1%
14
TYPE OF REPORTING PERSON*
 
PN
 


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value L LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
938,808
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
938,808
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
938,808
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
Less than 1%
14
TYPE OF REPORTING PERSON*
 
PN
 


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard X Master Fund Ltd
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
1,650,431
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
1,650,431
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,650,431
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
Less than 1%
14
TYPE OF REPORTING PERSON*
 
CO
  


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Value GP LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
20,767,571
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
20,767,571
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
20,767,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
12.2%
14
TYPE OF REPORTING PERSON*
 
OO
 


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Principal Co LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
20,767,571
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
20,767,571
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
20,767,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
12.2%
14
TYPE OF REPORTING PERSON*
 
PN
  


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Starboard Principal Co GP LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
20,767,571
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
20,767,571
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
20,767,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
12.2%
14
TYPE OF REPORTING PERSON*
 
OO
  


 
 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Jeffrey C. Smith
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
0
 
 
8
 
SHARED VOTING POWER
 
20,767,571
 
 
9
 
SOLE DISPOSITIVE POWER
 
0
 
 
10
 
SHARED DISPOSITIVE POWER
 
20,767,571
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
20,767,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
12.2%
14
TYPE OF REPORTING PERSON*
 
IN
  


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Peter A. Feld
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
0
 
 
8
 
SHARED VOTING POWER
 
20,767,571
 
 
9
 
SOLE DISPOSITIVE POWER
 
0
 
 
10
 
SHARED DISPOSITIVE POWER
 
20,767,571
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
20,767,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
12.2%
14
TYPE OF REPORTING PERSON*
 
IN
  


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
SVAC Sponsor LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
11,262,341
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
11,262,341
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
11,262,341
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
6.6%
14
TYPE OF REPORTING PERSON*
 
OO
 


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
SVAC Manager LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
11,262,341
 
 
8
 
SHARED VOTING POWER
 
0
 
 
9
 
SOLE DISPOSITIVE POWER
 
11,262,341
 
 
10
 
SHARED DISPOSITIVE POWER
 
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
11,262,341
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
6.6%
14
TYPE OF REPORTING PERSON*
 
OO
 


 
CUSIP No. 23284C102
 
 
 
 
 
NAME OF REPORTING PERSONS
 
Martin D. McNulty, Jr.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ◻        (b)  ◻
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS*
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
 
SOLE VOTING POWER
 
0
 
 
8
 
SHARED VOTING POWER
 
505,150
 
 
9
 
SOLE DISPOSITIVE POWER
 
0
 
 
10
 
SHARED DISPOSITIVE POWER
 
505,150
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
505,150
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5(a))
 
Less than 1%
14
TYPE OF REPORTING PERSON*
 
IN
 

The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned (“Amendment No. 4”).  This Amendment No. 4 amends the Schedule 13D as specifically set forth herein.

Item 2.         Identity and Background.

Item 2 is hereby amended to add the following:

The address of the principal office of each of Messrs. Smith and Feld is c/o Starboard Value LP, 201 E Las Olas Boulevard, 10th Floor, Fort Lauderdale, Florida 33301.

Item 6.        Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended to add the following:

On March 10, 2022, Martin D. McNulty, Jr. and Starboard Value LP entered into a Trading Agreement (the “Trading Agreement”) pursuant to which, among other things, the parties agreed: (a) Mr. McNulty would not purchase or sell any securities of the Issuer without the express prior written consent of Starboard Value LP, which may not be unreasonably withheld, (b) Mr. McNulty would continue to attend meetings in the capacity as an observer until replaced by Starboard; and (c) to the continued joint filing on behalf of each of them of a statement on Schedule 13D, and any amendments thereto, with respect to the securities of the Issuer. The above description of the Trading Agreement does not purport to be complete and is qualified in its entirety to by reference to the full text of the Trading Agreement, which is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 7.         Material to be Filed as Exhibits.

Item 7 is hereby amended to add the following exhibit:
99.1                  Trading Agreement, dated March 10, 2022.
99.2              Power of Attorney, dated March 11, 2022.

Signatures
 
After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated: March 14, 2022
 
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD
By: Starboard Value LP,
its investment manager
 
STARBOARD VALUE AND OPPORTUNITY S LLC
By: Starboard Value LP,
its manager
 
STARBOARD VALUE AND OPPORTUNITY C LP
By: Starboard Value R LP,
its general partner
 
STARBOARD VALUE R LP
By: Starboard Value R GP LLC,
its general partner
 
STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP
By: Starboard Value L LP,
its general partner
 
STARBOARD P FUND LP
By: Starboard Value P GP LLC,
its general partner
 
STARBOARD VALUE P GP LLC
By: Starboard Value R LP,
its member
 
STARBOARD VALUE L LP
By: Starboard Value R GP LLC,
its general partner
 
STARBOARD X MASTER FUND LTD
By: Starboard Value LP,
its investment manager
 
STARBOARD VALUE LP
By: Starboard Value GP LLC,
its general partner
 
STARBOARD VALUE GP LLC
By: Starboard Principal Co LP,
its member
 
STARBOARD PRINCIPAL CO LP
By: Starboard Principal Co GP LLC,
its general partner
 
STARBOARD PRINCIPAL CO GP LLC
 
STARBOARD VALUE R GP LLC
 
SVAC SPONSOR LLC
 
SVAC MANAGER LLC
 
 
 
By:
/s/ Jeffrey C. Smith
 
 
 
 
Name:    Jeffrey C. Smith
 
 
 
 
Title:      Authorized Signatory
 
/s/ Jeffrey C. Smith
JEFFREY C. SMITH
Individually and as attorney-in-fact for Peter A. Feld and Martin D. McNulty, Jr.