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 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
(Name, Address and Telephone Number of Person