Activist shareholders continue to be closely-monitored and imitated by investors, given their ability to affect positive change at companies. Whether it be by pressuring companies to set loose underperforming divisions, pushing for change on the company’s Board, or advocating for more of the company’s profits to be distributed to shareholders in the form of share buybacks and/or dividend payments, activist investors know how to move the needle in the right direction. Embedded below and on the following pages is the latest example, in the form of a 13D activist filing issued by Warren Lichtenstein‘s Steel Partners Holdings LP (NYSE:SPLP), in relation to its position in SL Industries, Inc. (NYSEMKT:SLI). The filing contains an attached letter that discloses that Handy & Harman Ltd (NASDAQ:HNH), of which Lichtenstein is the Chairman, has updated its offer to purchase SL Industries, which it first made back in June 2015.
Check it out below to see the investor’s latest ownership stake in the stock. You can access the original SEC filing by clicking here, where you can view the letter delivered to SL Industries, dated February 5.
Ownership Summary Table
|Name || Sole Voting Power || Shared Voting Power || Sole Dispositive Power || Shared Dispositive Power || Aggregate Amount Owned Power || Percent of Class |
|STEEL PARTNERS HOLDINGS || 10,507 || 994,840 || 7,507 || 994,840 || 994,840 || 25.1% |
|SPH GROUP || 20,000 || 994,840 || 17,000 || 994,840 || 994,840 || 25.1% |
|SPH GROUP HOLDINGS || || 994,840 || || 994,840 || 994,840 || 25.1% |
|STEEL PARTNERS HOLDINGS GP INC. || || 994,840 || || 994,840 || 994,840 || 25.1% |
|WARREN G. LICHTENSTEIN || || || || || 10,507 || LESS THAN 1% |
|GLEN M. KASSAN || || || || || 20,000 || LESS THAN 1% |
Page 1 of 10 SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
(Amendment No. 31)1
Common Stock, $.20 Par Value
(Title of Class of Securities)
Warren G. Lichtenstein
Steel Partners Holdings L.P.
590 Madison Avenue, 32nd Floor
New York, New York 10022
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(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).