Filing Details

---

Explanatory Note

 

This Amendment No. 1 to Schedule 13D (this “Amendment”) amends and supplements the statement on Schedule 13D filed by OneWater Marine Inc., a Delaware corporation (“OneWater” or the “Reporting Person”), with the Securities and Exchange Commission on July 1, 2022 (the “Original Schedule 13D”) with respect to the common stock, $0.01 par value per share (the “Common Stock”), of Ocean Bio-Chem, Inc., a Florida corporation (the “Issuer” or “Ocean Bio-Chem”). Except as specifically amended and supplemented by this Amendment, the Original Schedule 13D remains in full force and effect. Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the Original Schedule 13D. This Amendment constitutes an exit filing of the Reporting Person in respect of the Common Stock previously reported as beneficially owned by the Reporting Person.

 

 

Item 4 is hereby amended and supplemented by adding the following to the end thereof:

 

On August 9, 2022, the transactions contemplated by the Merger Agreement, including the Acquisition, were consummated. Pursuant to the Acquisition, Merger Sub merged with and into Ocean Bio-Chem with Ocean Bio-Chem surviving the merger as a wholly owned subsidiary of OneWater. Pursuant to the Merger Agreement, and subject to the terms and conditions thereof, each share of Common Stock of Ocean Bio-Chem issued and outstanding immediately prior to the effective time of the Acquisition (other than the Cancelled Shares or Dissenting Shares, each as defined in the Merger Agreement) was converted into the right to receive $13.08 in cash. At the effective time of the Acquisition, the irrevocable proxies granted to the Reporting Person or any designee of the Reporting Person under the Support Agreements entered into with: (i) Peter G. Dornau, (ii) Gregor M. Dornau, and (iii) Peter Dornau Family LLC were automatically terminated in accordance with the terms of the Support Agreements.

 

As a result of the foregoing and as of the effective time of the Acquisition, to the extent the terms of the Support Agreements may have resulted in the Reporting Person being deemed for purposes of Rule 13d-3 promulgated under the Exchange Act to be the beneficial owner of shares of Common Stock, the Reporting Person is no longer deemed for purposes of Rule 13d-3 promulgated under the Exchange Act to beneficially own any shares of Common Stock.

 

 

Item 5 is hereby amended and restated in its entirety as follows:

 

(a) and (b). The response of the Reporting Person to rows 7 through 13 on the cover page of this Amendment are incorporated by reference herein.

 

To the extent the terms of the Support Agreements may have resulted in the Reporting Person being deemed, for the purpose of Rule 13d-3 promulgated under the Exchange Act, to be the beneficial owner of shares of Common Stock, the Reporting Person, as a result of the consummation of the Acquisition and the termination of the proxies granted under the Support Agreements, is longer deemed for purposes of Rule 13d-3 promulgated under the Exchange Act to beneficially own such shares of Common Stock.

 

In addition, as a result of the consummation of the Acquisition, none of persons listed in Schedule A hereto beneficially own any shares of Common Stock.

 

(c).          Except for the foregoing transactions and as set forth in this Amendment with reference to the Merger Agreement and the Support Agreements, neither the Reporting Person nor, to the Reporting Person’s knowledge, any of the persons listed in Schedule A hereto, has effected any transaction in shares of Common Stock or during the past 60 days.

 

(d).          Except with reference to the Merger Agreement and the Support Agreements and the transactions contemplated thereby, and except as set forth in this Amendment and the Original Schedule 13D, neither the Reporting Person nor, to the knowledge of the Reporting Person, any of the persons set forth on Schedule A hereto has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Issuer previously reported on the Original Schedule 13D.

 

(e).          As of August 9, 2022 and as a result of the consummation of the Acquisition and the termination of the proxies granted under the Support Agreements, to the extent the terms of the Support Agreements may have resulted in the Reporting Person being deemed, for the purpose of Rule 13d-3 promulgated under the Exchange Act, to be the beneficial owner of shares of Common Stock, the Reporting Person no longer beneficially owns any shares of Common Stock.

 

 

Item 6 is hereby amended and supplemented by adding the following to the end thereof:

 

The information set forth in Item 4 of this Amendment is incorporated by reference herein.

 

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.

 

---