Glenn W. Welling

Published on August 29, 2017 at 3:21 pm by Meena Krishnamsetty in

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Glenn W. Welling‘s Engaged Capital has filed a 13D with the US Securities and Exchange Commission, reporting its position in Magnachip Semiconductor Corp (NYSE:MX). The investor revealed that it currently owns 3.85 million shares of the company, which represent 11.1% of the company’s outstanding stock. Previously, the fund reported holding 3.45 million shares of Magnachip, as of the end of December.

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It should be pointed out that Magnachip Semiconductor Corp (NYSE:MX) has experienced a decrease in activity from the world’s largest hedge funds lately. At the end of 2015, a total of 14 of the hedge funds tracked by Insider Monkey held long positions in this stock, down by 33% from the previous quarter. Among these funds, Marc Lasry’s Avenue Capital has the biggest position in Magnachip Semiconductor Corp (NYSE:MX), worth close to $21.6 million. Other funds bullish on Magnachip are Jonathan Lennon’s Pleasant Lake Partners, Thomas Ellis and Todd Hammer’s North Run Capital and Don Morgan’s Brigade Capital.

On the other hand, Charles Davidson’s Wexford Capital cut the biggest investment of the “upper crust” of funds tracked by Insider Monkey, comprising about $9.9 million in stock, while Stephen V. Raneri’s fund, LionEye Capital Management, also sold off its stock, about $8 million worth.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name	Sole Voting Power	Sole Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Engaged Capital Master Feeder I	1,017,209	1,017,209	1,017,209	2.9%
Engaged Capital Master Feeder II	2,435,765	2,435,765	2,435,765	7.0%
Engaged Capital I	1,017,209	1,017,209	1,017,209	2.9%
Engaged Capital I Offshore, Ltd	1,017,209	1,017,209	1,017,209	2.9%
Engaged Capital II	2,435,765	2,435,765	2,435,765	7.0%
Engaged Capital II Offshore Ltd	2,435,765	2,435,765	2,435,765	7.0%
Engaged Capital	3,852,974	3,852,974	3,852,974	11.1%
Engaged Capital Holdings	3,852,974	3,852,974	3,852,974	11.1%
Glenn W. Welling	3,852,974	3,852,974	3,852,974	11.1%

Glenn W. Welling

Engaged Capital

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Page 1 of 15 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 2)1

MagnaChip Semiconductor Corporation

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

55933J203

(CUSIP Number)

GLENN W. WELLING

ENGAGED CAPITAL, LLC

610 Newport Center Drive, Suite 250

Newport Beach, California 92660

(949) 734-7900

STEVE WOLOSKY, ESQ.

OLSHAN FROME WOLOSKY LLP

Park Avenue Tower

65 East 55th Street

New York, New York 10022

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

March 11, 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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 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 § 240.13d-7 for other parties to whom copies are to be sent.

_______________

1 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).

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