Filing Details

Accession Number:
0001019056-18-000816
Form Type:
13G Filing
Publication Date:
2018-06-15 16:26:39
Filed By:
MAK Capital One
Company:
Maxwell Technologies Inc (NASDAQ:MXWL)
Filing Date:
2018-06-15
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MAK Capital One 6. 1,915,050 8. 1,915,050 1,915,050 5.0%
Michael A. Kaufman 6. 1,915,050 8. 1,915,050 1,915,050 5.0%
MAK Capital Fund 6. 1,446,500 8. 1,446,500 1,446,500 3.8%
MAK-ro Capital Master Fund 6. 468,550 8. 468,550 468,550 1.2%
Filing
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

     

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.     )*

 

MAXWELL TECHNOLOGIES, INC.

 

(Name of Issuer)

Common Stock

 

(Title of Class of Securities)

577767106

 

(CUSIP Number)

June 6, 2018

 

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

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 (“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. 577767106
 
  1. Names of Reporting Persons
MAK Capital One L.L.C.
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) x
    (b) o
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Delaware
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
 
6. Shared Voting Power
1,915,050
 
7. Sole Dispositive Power
 
8. Shared Dispositive Power
1,915,050
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,915,050
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
 
  11. Percent of Class Represented by Amount in Row (9)
5.0%1
 
  12. Type of Reporting Person (See Instructions)
IA
           
 

1 The calculation is based upon 38,000,620 shares of Common Stock outstanding as of May 3, 2018, as disclosed by the Issuer in its Form 10-Q Quarterly Report filed with the U.S. Securities and Exchange Commission on May 9, 2018. 

Page 2 of 9.
CUSIP No. 577767106
 
  1. Names of Reporting Persons
Michael A. Kaufman
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) x
    (b) o
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
United States
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
 
6. Shared Voting Power
1,915,050
 
7. Sole Dispositive Power
 
8. Shared Dispositive Power
1,915,050
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,915,050
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
 
  11. Percent of Class Represented by Amount in Row (9)
5.0%1
 
  12. Type of Reporting Person (See Instructions)
IN
           
 

1 The calculation is based upon 38,000,620 shares of Common Stock outstanding as of May 3, 2018, as disclosed by the Issuer in its Form 10-Q Quarterly Report filed with the U.S. Securities and Exchange Commission on May 9, 2018. 

Page 3 of 9.
CUSIP No. 577767106
 
  1. Names of Reporting Persons
MAK Capital Fund LP
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) x
    (b) o
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Bermuda
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
 
6. Shared Voting Power
1,446,500
 
7. Sole Dispositive Power
 
8. Shared Dispositive Power
1,446,500
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,446,500
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
 
  11. Percent of Class Represented by Amount in Row (9)
3.8%1
 
  12. Type of Reporting Person (See Instructions)
PN
           
 

1 The calculation is based upon 38,000,620 shares of Common Stock outstanding as of May 3, 2018, as disclosed by the Issuer in its Form 10-Q Quarterly Report filed with the U.S. Securities and Exchange Commission on May 9, 2018.

Page 4 of 9.
CUSIP No. 577767106
 
  1. Names of Reporting Persons
MAK-ro Capital Master Fund LP
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) x
    (b) o
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Cayman Islands
     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
 
6. Shared Voting Power
468,550
 
7. Sole Dispositive Power
 
8. Shared Dispositive Power
468,550
 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
468,550
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
 
  11. Percent of Class Represented by Amount in Row (9)
1.2%1
 
  12. Type of Reporting Person (See Instructions)
PN
           
 

1 The calculation is based upon 38,000,620 shares of Common Stock outstanding as of May 3, 2018, as disclosed by the Issuer in its Form 10-Q Quarterly Report filed with the U.S. Securities and Exchange Commission on May 9, 2018. 

Page 5 of 9.
Item 1.
  (a) Name of Issuer
MAXWELL TECHNOLOGIES, INC.
  (b) Address of Issuer’s Principal Executive Offices
3888 CALLE FORTUNADA, SAN DIEGO, CA 92123
 
Item 2.
  (a)

Name of Person Filing
The names of the persons filing this statement on Schedule 13G are:

i.    MAK Capital One L.L.C. (“MAK Capital”);

ii.   Michael A. Kaufman (“Mr. Kaufman”);

iii.  MAK Capital Fund LP (“MAK Fund”);

iv.  MAK-ro Capital Master Fund LP (“MAK-ro Fund” and collectively, the “Reporting Persons”).

  (b) Address of Principal Business Office or, if none, Residence
The principal business address of  (i) MAK Capital and Mr. Kaufman is 590 Madison Avenue, Suite 2401, New York, NY 10022; (ii) MAK Fund is c/o Wakefield Quin, Victoria Place, 31 Victoria Street, Bermuda; (iii) MAK-ro Fund is c/o HMS Cayman Ltd., Grand Pavilion, West Bay Road, Grand Cayman, Cayman Islands.
  (c)

Citizenship
MAK Capital is a Delaware limited liability company.

Mr. Kaufman is a United States citizen.

MAK Fund is a Bermuda limited partnership.

MAK-ro Fund is a Cayman Islands exempted company.

  (d) Title of Class of Securities
Common
  (e) CUSIP Number
577767106
 
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
  (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
  (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
  (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
  (e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g) o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) o A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);
  (k) o

Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________

Page 6 of 9.
Item 4. Ownership
   
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
  (a)

Amount beneficially owned:

 

1,915,050

  (b)

Percent of class:

 

5.0%

  (c)

Number of shares as to which the person has:

 

    (i)

Sole power to vote or to direct the vote

 

Not applicable.

    (ii)

Shared power to vote or to direct the vote

 

Mr. Kaufman, MAK Fund and MAK Capital have shared power to vote or direct the vote of the 1,446,500 shares owned by MAK Fund.

 

Mr. Kaufman, MAK Capital and MAK-ro Fund have shared power to vote or direct the vote of the 468,550 shares owned by MAK-ro Capital Fund.

    (iii)

Sole power to dispose or to direct the disposition of

 

Not applicable.

    (iv)

Shared power to dispose or to direct the disposition of

 

Mr. Kaufman, MAK Fund and MAK Capital have shared power to dispose or direct the disposition of the 1,446,500 shares owned by MAK Fund.

 

Mr. Kaufman, MAK Capital, MAK-ro Fund and MAK-ro Capital Fund have shared power dispose or direct the dispositions of the 468,550 shares owned by MAK-ro Capital Fund.

 
Item 5. Ownership of Five Percent or Less of a Class
   
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
   
  Not applicable.
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
   
  Not applicable.
 
Item 8. Identification and Classification of Members of the Group
   
  Not applicable.
 
Item 9. Notice of Dissolution of Group
   
  Not applicable.
Page 7 of 9.
Item 10. Certification
   

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Page 8 of 9.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: June 15, 2018

   
MAK CAPITAL ONE L.L.C.
 
By: /s/ Michael A. Kaufman  
 

Michael A. Kaufman,

Managing Member

 
   
  /s/ Michael A. Kaufman  
  MICHAEL A. KAUFMAN
   
MAK CAPITAL FUND LP
 
By: MAK GP LLC, general partner
   
By:  /s/ Michael A. Kaufman  
 

Michael A. Kaufman,

Managing Member

 
   
MAK-RO CAPITAL MASTER FUND LP
 
By:  MAK GP LLC, general partner
   
By:  /s/ Michael A. Kaufman  
 

Michael A. Kaufman,

Managing Member

 

  ATTENTION  
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
Page 9 of 9.