Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
*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. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Corporate Opportunities Fund IV, L.P.
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
PN
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock (as defined below) outstanding as of December 31, 2021, as reported by
the Issuer (as defined below) in its Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (“SEC”)
on January 24, 2022 (“Proxy Statement”).
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
ACOF Operating Manager IV, LLC
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
OO
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Management LLC
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
OO
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Management Holdings L.P.
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
PN
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Holdco LLC
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
OO
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Management Corporation
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
CO
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Management GP LLC
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
OO
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Voting LLC
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
OO
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
CUSIP No. 05478C105
|
Schedule 13G
|
|
|
|
1
|
Names of Reporting Persons
Ares Partners Holdco LLC
|
|
|
2
|
Check the Appropriate Box if a Member of a Group
|
|
|
(a)
|
o
|
|
|
(b)
|
x
|
|
|
3
|
SEC Use Only
|
|
|
4
|
Citizen or Place of Organization
Delaware
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
19,096,090
|
|
7
|
Sole Dispositive Power
0
|
|
8
|
Shared Dispositive Power
19,096,090
|
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
19,096,090
|
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
Not Applicable
|
|
|
11
|
Percent of Class Represented by Amount in Row 9
12.3%*
|
|
|
12
|
Type of Reporting Person
OO
|
|
|
|
|
|
|
|
|
* The calculation of the percentage of outstanding
shares is based on 155,032,377 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in its Proxy
Statement.
Item 1.
|
|
|
(a)
|
Name of Issuer:
The AZEK Company Inc. (the “Issuer”)
|
|
(b)
|
Address of Issuer’s Principal Executive Offices:
1330 W Fulton Street, Suite 350, Chicago Illinois 60607
|
|
Item 2.
|
|
|
(a)
|
Name of Person Filing:
Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons”. This statement is filed on behalf of Ares Corporate Opportunities Fund IV, L.P. (“ACOF IV”), ACOF Operating Manager IV, LLC (“ACOF IV IM”), Ares Management LLC, Ares Management Holdings L.P. (“Ares Management Holdings”), Ares Holdco LLC (“Ares Holdco”), Ares Management Corporation (“Ares Management”), Ares Management GP LLC (“Ares Management GP”), Ares Voting LLC (“Ares Voting”), and Ares Partners Holdco LLC (“Ares Partners”).
|
|
(b)
|
Address or Principal Business Office:
The business address of each Reporting Person is 2000 Avenue of the Stars, 12th Floor, Los Angeles, California 90067.
|
|
(c)
|
Citizenship of each Reporting Person is:
Each of the Reporting Persons is organized under the laws of the State of Delaware.
|
|
(d)
|
Title of Class of Securities:
The Issuer’s Class A Common Stock, par value $0.001 per share (the “Class A Common Stock”).
|
|
(e)
|
CUSIP Number:
05478C105
|
|
Item 3.
|
|
|
|
|
Not applicable.
|
|
Item 4.
|
Ownership
|
Ownership (a-b)
The ownership information
presented below sets forth the number of shares and percentage of the Class A Common Stock that each Reporting Person beneficially owns
or may be deemed to beneficially own as of the filing date of this Amendment No. 1 (this “Amendment No. 1”) to the
statement on Schedule 13G filed by the Reporting Persons on February 12, 2021 (together with this Amendment No. 1, this “Schedule
13G”), based upon 19,096,090 shares of Class A Common Stock outstanding as of December 31, 2021, as reported by the Issuer in
its Proxy Statement. As of the date that this Amendment No. 1 is filed, ACOF IV is the holder of record of 19,096,090 shares of Class
A Common Stock, which represents 12.3% of the issued and outstanding shares of Class A Common Stock as of December 31, 2021. The Reporting
Persons, as a result of the relationships described below, may be deemed to directly or indirectly beneficially own the shares of Class
A Common Stock held of record by ACOF IV.
The manager of
ACOF IV is ACOF IV IM, and the sole member of ACOF IV IM is Ares Management LLC. The sole member of Ares Management LLC is Ares
Management Holdings, and the general partner of Ares Management Holdings is Ares Holdco. The sole member of Ares Holdco is Ares
Management. Ares Management GP is the sole holder of the Class B common stock, $0.01 par value per share, of Ares Management (the
“Ares Class B Common Stock”) and Ares Voting is the sole holder of the Class C common stock, $0.01 par value per
share, of Ares Management (the “Ares Class C Common Stock”). Pursuant to Ares Management’s Certificate of
Incorporation in effect as of the date of this Schedule 13G, the holders of the Ares Class B Common Stock and the Ares Class C
Common Stock, collectively, will generally have the majority of the votes on any matter submitted to the stockholders of Ares
Management if certain conditions are met. The sole member
of both Ares Management GP and Ares Voting is Ares Partners. Ares Partners is managed by a board of managers, which is composed of
Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the
“Board Members”). Mr. Ressler generally has veto authority over decisions by the Board Members.
Each of the Reporting
Persons (other than ACOF IV), the Board Members and the other directors, officers, partners, stockholders, members and managers of the
Reporting Persons, expressly disclaims beneficial ownership of the shares of Class A Common Stock reported herein for purposes of Section
13(d) of the Act and the rules under Section 13(d) of the Act.
(c) The information contained on
the cover pages to this Schedule 13G is incorporated herein by reference.
Item
5.
|
Ownership of Five Percent or Less of a Class
|
Not applicable.
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
|
Not applicable.
Item 8.
|
Identification and Classification of Members of the Group
|
Not applicable.
Item 9.
|
Notice of Dissolution of Group
|
Not applicable.
Not applicable.
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: February 14, 2022
|
Ares Corporate Opportunities Fund IV, L.P.
|
|
|
|
|
By:
|
ACOF Operating Manager IV, LLC
|
|
Its:
|
Manager
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati
Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
|
|
|
ACOF Operating Manager IV, LLC
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati
Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
|
|
|
Ares Management LLC
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
|
|
|
Ares Management Holdings L.P.
|
|
|
|
|
By:
|
Ares Holdco LLC
|
|
Its:
|
General Partner
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
|
|
|
Ares Holdco LLC
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
|
|
|
Ares Management Corporation
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
Ares Management GP LLC
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
|
|
|
Ares Voting LLC
|
|
|
|
|
By:
|
Ares Partners Holdco LLC
|
|
Its:
|
Sole Member
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
|
|
|
Ares Partners Holdco LLC
|
|
|
|
|
Signed:
|
/s/ Naseem Sagati Aghili
|
|
Name:
|
Naseem Sagati Aghili
|
|
Title:
|
Authorized Signatory
|
LIST OF EXHIBITS