UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

MERITOR INC.

 

(Name of Issuer)

 

Common Stock, par value $1.00

 

 

(Title of Class of Securities)

 

59001K100

 

 

(CUSIP Number of Class of Securities)

 

Alec N. Litowitz

Magnetar Capital LLC

1603 Orrington Ave.

Evanston, Illinois 60201

(847) 905-4400

 

 

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

 

March 29, 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 that 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. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7(b) for other parties to whom copies are to be sent.

 

*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 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).

 

 

 

 

 

CUSIP No.  59001K100 SCHEDULE 13D Page 2 of 10

 

1.

NAME OF REPORTING PERSON:

 

Magnetar Financial LLC

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)     ¨

(b)     x

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS

 

OO

 

5.

CHECK BOX 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

7. 

SOLE VOTING POWER

0

BENEFICIALLY

OWNED BY

8. 

SHARED VOTING POWER

3,501,926

EACH REPORTING

PERSON

9. 

SOLE DISPOSITIVE POWER

0

WITH

10. 

SHARED DISPOSITIVE POWER

3,501,926

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,501,926

12.

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

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.94%

14.

TYPE OF REPORTING PERSON

 

IA; OO

 

 

 

CUSIP No.  59001K100 SCHEDULE 13D Page 3 of 10

 

1.

NAME OF REPORTING PERSON:

 

Magnetar Capital Partners LP

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)     ¨

(b)     x

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS

 

OO

 

5.

CHECK BOX 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

7. 

SOLE VOTING POWER

0

BENEFICIALLY

OWNED BY

8. 

SHARED VOTING POWER

3,501,926

EACH REPORTING

PERSON

9. 

SOLE DISPOSITIVE POWER

0

WITH

10. 

SHARED DISPOSITIVE POWER

3,501,926

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,501,926

12.

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

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.94%

14.

TYPE OF REPORTING PERSON

 

HC; OO

 

 

 

CUSIP No.  59001K100 SCHEDULE 13D Page 4 of 10

 

1.

NAME OF REPORTING PERSON:

 

Supernova Management LLC

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP


(a)     ¨

(b)     x

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS

 

OO

 

5.

CHECK BOX 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

7. 

SOLE VOTING POWER

0

BENEFICIALLY

OWNED BY

8. 

SHARED VOTING POWER

3,501,926

EACH REPORTING

PERSON

9. 

SOLE DISPOSITIVE POWER

0

WITH

10. 

SHARED DISPOSITIVE POWER

3,501,926

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,501,926

12.

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

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.94%

14.

TYPE OF REPORTING PERSON

 

HC; OO

 

 

 

CUSIP No.  59001K100 SCHEDULE 13D Page 5 of 10

 

1.

NAME OF REPORTING PERSON:

 

Alec N. Litowitz

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP


(a)     ¨

(b)     x

3.

SEC USE ONLY

 

4.

SOURCE OF FUNDS

 

OO

 

5.

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

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

NUMBER OF

SHARES

7. 

SOLE VOTING POWER

0

BENEFICIALLY

OWNED BY

8. 

SHARED VOTING POWER

3,501,926

EACH REPORTING

PERSON

9. 

SOLE DISPOSITIVE POWER

0

WITH

10. 

SHARED DISPOSITIVE POWER

3,501,926

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,501,926

12.

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

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.94%

14.

TYPE OF REPORTING PERSON

 

HC; IN

 

 

 

SCHEDULE 13D

 

This Amendment No. 1 (the “Amendment”) relates to the Statement of Beneficial Ownership on Schedule 13D filed jointly by Magnetar Financial LLC, a Delaware limited liability company (“Magnetar Financial”), Magnetar Capital Partners LP, a Delaware limited partnership (“Magnetar Capital Partners”), Supernova Management LLC, a Delaware limited liability company (“Supernova Management”), and Alec N. Litowitz (“Mr. Litowitz”) (collectively, the “Reporting Persons”) with the SEC on March 9, 2022, (as amended by this Amendment, the “Schedule 13D”).

 

Except as set forth below, all Items of the Schedule 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D.

 

ITEM 4.PURPOSE OF TRANSACTION

 

Item 4 of the Schedule 13D is hereby amended to add the following information for updating:

 

Since the filing of the 13D with the SEC on March 9, 2022, the Reporting Persons sold 100,800 Shares between March 25, 2022 and March 30, 2020 reported herein which consists of (i) 68,897 Shares sold for the benefit of PRA Master Fund, (ii) 22,972 Shares sold for the benefit of Constellation Fund, (iii) 8,504 Shares sold for the benefit of Systematic Master Fund, and (iv) 427 Shares sold for the benefit of one Managed Account.

 

The 16,900 Shares reported herein were acquired in the ordinary course of business on behalf of certain clients of Magnetar Financial in another strategy unrelated to risk arbitrage to cover its short positions.

 

ITEM 5.INTEREST IN SECURITIES OF THE ISSUER

 

Item 5 of the Schedule 13D is hereby amended to add the following information for updating:

 

(a)            As of the close of business March 30, 2022, each of the Reporting Persons may have been deemed to have beneficial ownership of 3,501,926 Shares, which consisted of (i) 2,010,385 Shares held for the benefit of PRA Master Fund, (ii) 1,079,969 Shares held for the benefit of Constellation Fund; (iii) 388,518 Shares held for the benefit of Systematic Master Fund, and (iv) 23,054 Shares held for the benefit of one Managed Account and all such Shares represented beneficial ownership of approximately 4.94% of the Shares.

 

(b)           As of the close of business March 30, 2022, each of the Reporting Persons may have been deemed to have the power to vote and direct the disposition of 3,501,926 Shares, which consisted of (i) 2,010,385 Shares held for the benefit of PRA Master Fund, (ii) 1,079,969 Shares held for the benefit of Constellation Fund, (iii) 388,518 Shares held for the benefit of Systematic Master Fund, and (iv) 23,054 Shares held for the benefit of one Managed Account and all such Shares represented beneficial ownership of approximately 4.94% of the Shares.

 

 

 

(c)            Except as set forth on Schedule A attached hereto and Item 6, the Funds had no transactions in the Shares during the 60 days preceding the date of filing of this Statement. All of the transactions set forth on Schedule A attached hereto were effected in the ordinary course of business of Magnetar Financial for the accounts of each of the Funds. The transactions in the Shares set forth on Schedule A were effected in open market transactions on NYSE and various other trading markets.

 

(d)           Each of the Reporting Person ceased to have beneficial ownership greater than 5% of the Shares on March 29, 2022.

 

 

 

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.

 

Dated:March 31, 2022

 

  magnetar financial llc
   
  By: Magnetar Capital Partners LP, its Sole Member
   
  By: /s/ Alec N. Litowitz
    Name: Alec N. Litowitz
    Title: Manager of Supernova Management LLC, the General Partner of Magnetar Capital Partners LP
   
  magnetar capital partners LP
   
  By: /s/ Alec N. Litowitz
    Name: Alec N. Litowitz
    Title: Manager of Supernova Management LLC, the General Partner of Magnetar Capital Partners LP
   
  supernova management llc
   
  By: /s/ Alec N. Litowitz
    Name: Alec N. Litowitz
    Title: Manager
   
  /s/ Alec N. Litowitz
  Alec N. Litowitz

 

 

 

SCHEDULE A

 

Funds

 

Date  Number of Shares Bought  Price Per Share($) (1)(2)
3/9/2022  16,900  35.35000(3)

 

(1)Excludes commissions and other execution-related costs.

 

(2) Upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares bought or sold (as the case may be) at each separate price will be provided.

 

(3) Reflects a weighted average purchase price of $35.35000 per share, at prices ranging from $35.35 to $35.35 per share.

 

Funds

 

Date  Number of Shares Sold  Price Per Share($) (1)(2)
3/25/2022  12,400  35.50390 (4)
3/28/2022  12,400  35.52544(5)
3/29/2022  44,700  35.60097(6)
3/30/2022  31,300  35.53294(7)

 

(1)Excludes commissions and other execution-related costs.

 

(2) Upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares bought or sold (as the case may be) at each separate price will be provided.

 

(4) Reflects a weighted average sale price of $35.50390 per share, at prices ranging from $35.42 to $35.71 per share.

 

(5) Reflects a weighted average sale price of $35.52511 per share, at prices ranging from $35.44 to $35.68 per share.

 

(6) Reflects a weighted average sale price of $35.60097 per share, at prices ranging from $35.47 to $35.74 per share.

 

(7) Reflects a weighted average sale price of $35.53294 per share, at prices ranging from $35.49 to $35.68 per share.