Eminence Capital and Sachem Head Reach Settlement Agreement With Autodesk Inc (ADSK); Appoint 3 Directors to Board

Ricky Sandler‘s Eminence Capital and  Sachem Head Capital, led by Scott Ferguson have disclosed reaching an agreement with Autodesk, Inc. (NASDAQ:ADSK). As revealed via a statement attached to two 13D filings with the US Securities and Exchange Commission, Sachem Head and Eminence have reached settlement agreements with Autodesk, under the terms of which, the company has appointed Scott Ferguson, Rick Hill and Jeff Clarke to its Board of directors.

Eminence Capital holds 13.08 million shares of Autodesk, representing 5.8% of the company’s outstanding common stock, while Sachem Head owns 12.89 million shares, equal to 5.7% of the stock.

During the fourth quarter, Autodesk saw an increase in activity from the world’s largest hedge funds  and it was in 34 hedge funds’ portfolios at the end of December, versus 32 funds a quarter earlier. Of the funds tracked by Insider Monkey, Eminence Capital and Sachem Head have the most valuable positions in Autodesk, Inc. (NASDAQ:ADSK). Among other large shareholders are Eric W. Mandelblatt’s Soroban Capital Partners, John Griffin’s Blue Ridge Capital and Stephen Mandel’s Lone Pine Capital, which initiated a $349.3 million position during the fourth quarter.

You can access the original Eminence’s SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Eminence Capital 0 13,079,213 0 13,079,213 13,079,213 5.8%
Eminence GP 0 10,610,020 0 10,610,020 10,610,020 4.7%
Ricky C. Sandler 3,375 13,079,213 3,375 13,079,213 13,082,588 5.8%

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You can access the Sachem Head’s SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Sachem Head Capital Management 0 12,890,000 0 12,890,000 12,890,000 5.7%
Uncas GP 0 12,890,000 0 12,890,000 12,890,000 5.7%
Sachem Head GP 0 7,175,000 0 7,175,000 7,175,000 3.2%
Scott D. Ferguson 0 12,890,000 0 12,890,000 12,890,000 5.7%

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Page 1 of 7 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

Autodesk,
Inc.

(Name of Issuer)

Common Stock

(Title of
Class of Securities)

052769106

(CUSIP Number)

Ricky C.
Sandler

Eminence Capital, LP

65 East 55th Street

25th
Floor

New York, New York 10022

(212) 418-2100

(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 10, 2016

(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 Sections 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
Section 240.13d-7 for other parties to whom copies are to be sent.

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

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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Page 2 of 7 SEC Filing


CUSIP No. 052769106
  1 

NAME OF
REPORTING PERSONS

Eminence Capital, LP

  2

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP

(a)  ¨        (b)  x

  3 

SEC USE ONLY

  4 

SOURCE OF FUNDS

AF

  5 

CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

¨

  6 

CITIZENSHIP OR PLACE OF
ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  7 

SOLE VOTING POWER

0

  8

SHARED VOTING POWER

13,079,213

  9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

13,079,213

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,079,213

12

CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES

¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)

5.8%

14

TYPE OF REPORTING PERSON

IA, PN

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Page 3 of 7 SEC Filing


CUSIP No. 052769106
  1 

NAME OF
REPORTING PERSONS

Eminence GP, LLC

  2

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP

(a)  ¨        (b)  x

  3 

SEC USE ONLY

  4 

SOURCE OF FUNDS

AF

  5 

CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

¨

  6 

CITIZENSHIP OR PLACE OF
ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  7 

SOLE VOTING POWER

0

  8

SHARED VOTING POWER

10,610,020

  9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

10,610,020

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

10,610,020

12

CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES

¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)

4.7%

14

TYPE OF REPORTING PERSON

OO

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Page 4 of 7 SEC Filing


CUSIP No. 052769106
  1 

NAME OF
REPORTING PERSONS

Ricky C. Sandler

  2

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP

(a)  ¨        (b)  x

  3 

SEC USE ONLY

  4 

SOURCE OF FUNDS

AF

  5 

CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

¨

  6 

CITIZENSHIP OR PLACE OF
ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  7 

SOLE VOTING POWER

3,375

  8

SHARED VOTING POWER

13,079,213

  9

SOLE DISPOSITIVE POWER

3,375

10

SHARED DISPOSITIVE POWER

13,079,213

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,082,588

12

CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES

¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)

5.8%

14

TYPE OF REPORTING PERSON

IN

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Page 5 of 7 SEC Filing


This Amendment No. 2 to Schedule 13D (this Amendment No. 2) relates to the
common stock, par value $0.01 per share (the Shares), of Autodesk, Inc., a Delaware corporation (the Issuer) and amends the Schedule 13D filed on November 16, 2015, as amended by Amendment No. 1 thereto filed on
December 11, 2015 (the Original Schedule 13D and, together with this Amendment No. 2, the Schedule 13D). Capitalized terms used and not defined in this Amendment No. 2 have the meanings set forth in the
Original Schedule 13D.

This Amendment No. 2 is being filed to amend Item 4, Item 5, Item 6 and Item 7 of the Schedule 13D as follows:

Item 4. Purpose of Transaction.

Item 4 of the Schedule 13D is amended to add the following:

On March 10, 2016, the Issuer entered into an agreement (the Settlement Agreement) with certain Reporting Persons
(collectively, Eminence) pertaining to the election of directors to the Issuers Board of Directors (the Board). Pursuant to the Settlement Agreement, the Issuer increased the size of the Board from 10 to
13 directors and appointed Mr. Scott Ferguson, Mr. Rick Hill and Mr. Jeff Clarke to the Board.

Under the terms of the Settlement
Agreement, until the expiration of certain standstill restrictions, Eminence agreed to vote all of its Shares for each of the Issuers nominees recommended by the Board, against any nominees for director not recommended by the Board and against
any proposals to remove any director. Eminence also agreed to customary standstill restrictions, which are subject to certain exceptions.

A copy of the Settlement Agreement and a joint press release regarding the Settlement Agreement (the Press Release) issued
on March 11, 2016, are attached hereto as Exhibits 4 and 5, respectively, and incorporated by reference herein. The foregoing descriptions of the Settlement Agreement and the Press Release are qualified in their entirety by reference to the
full text of the Settlement Agreement and the Press Release, respectively.

In addition, on March 10, 2016, in accordance with Section
6(A) of the E/S Agreement (previously filed as Exhibit 1 to the Schedule 13D), Eminence Capital and Sachem Head, on behalf of the group, mutually agreed to terminate the E/S Agreement (the Termination Agreement) and dissolve the
group that was previously formed under the Exchange Act. Effective as of execution of the Termination Agreement the Reporting Persons and the Sachem Head Persons shall no longer be deemed to be a group for purposes of
Section 13(d)(3) of the Exchange Act and Rule 13d-5(b) promulgated thereunder. All further filings with respect to transactions in the securities of the Issuer will be filed, if required, separately by the Reporting Persons and the Sachem Head
Persons. The Termination Agreement is attached as Exhibit 6 hereto and is incorporated by reference herein.

Item 5. Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is amended to add the following:

The response to Item 4 of this Schedule 13D is incorporated herein by reference.

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

Item 6 of the Schedule 13D is amended to add the following:

The response to Item 4 of this Schedule 13D is incorporated herein by reference.

Item 7. Material to be Filed as Exhibits.
Exhibit 4 Agreement, dated as of March 10, 2016, by and among Autodesk, Inc., Eminence Capital, LP and Eminence GP, LLC
Exhibit 5 Press Release, dated March 11, 2016
Exhibit 6 Termination Agreement, dated as of March 10, 2016, by and between Eminence Capital, LP and Sachem Head Capital Management LP

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Page 6 of 7 SEC Filing


SIGNATURES

After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned, severally and not jointly, certified
that the information set forth in this statement is true, complete and correct.

Dated: March 11, 2016

/s/ Ricky C. Sandler

Ricky C. Sandler, individually; as

Managing Member of Eminence Capital GP, LLC, the

General Partner of Eminence Capital, LP;

and as Managing Member
of Eminence GP, LLC

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Page 7 of 7 SEC Filing


INDEX TO EXHIBITS

Exhibit No.    

Description

Exhibit 1* Agreement, dated as of November 13, 2015, by and between Eminence Capital, LP and Sachem Head Capital Management LP
Exhibit 2* Joint Filing Agreement, dated November 16, 2015, by and among Eminence Capital, LP, Eminence GP, LLC, and Ricky C. Sandler
Exhibit 3* Amended and Restated Limited Partnership Agreement of EC Co-Invest I, LP, dated as of October 30, 2015
Exhibit 4 Agreement, dated as of March 10, 2016, by and among Autodesk, Inc., Eminence Capital, LP and Eminence GP, LLC
Exhibit 5 Press Release, dated March 11, 2016
Exhibit 6 Termination Agreement, dated as of March 10, 2016, by and between Eminence Capital, LP and Sachem Head Capital Management LP
* Previously filed.

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