Heritage Group Files SC 13D for Calumet, Inc.

TL;DR

**Heritage Group just updated its stake in Calumet (CLMT) via a 13D filing. Watch this space.**

AI Summary

On July 10, 2024, Heritage Group filed an SC 13D with the SEC regarding Calumet, Inc. (CLMT). Heritage Group, led by CEO Amy Schumacher, is reporting its beneficial ownership of Calumet, Inc. common stock. The filing indicates a change in reporting status or a new filing related to their holdings in the petroleum refining company.

Why It Matters

This filing signals a significant stakeholder's updated position or interest in Calumet, Inc., potentially influencing the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — SC 13D filings often indicate activist investor intent or significant stake changes, which can lead to volatility.

Key Players & Entities

• Heritage Group (company) — Filing person
• Calumet, Inc. (company) — Subject company
• Amy Schumacher (person) — CEO of Heritage Group, authorized to receive notices

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $20.00 — se Common Stock at an exercise price of $20.00 per share (subject to adjustment) (the
• $25 million — eeds in an aggregate amount of at least $25 million. The Issuer will also grant the Sponsor

Filing Documents

• d727169dsc13d.htm (SC 13D) — 67KB
• d727169dex99a.htm (EX-99.A) — 7KB
• 0001193125-24-177792.txt ( ) — 76KB

of the Schedule 13D is hereby amended and supplemented as follows

Item 7 of the Schedule 13D is hereby amended and supplemented as follows: A. The Heritage Group General Partner Trusts (filed herewith). B. Conversion Agreement, dated as of February 9, 2024, by and among Calumet, Inc., Calumet Merger Sub I LLC, Calumet Merger Sub II LLC, Calumet Specialty Products Partners, L.P., Calumet GP, LLC and the other parties thereto (incorporated by reference to Exhibit 10.2 to the Partnerships Current Report on Form 8-K filed with the SEC on February 12, 2024 (File No. 000-51734)). C. First Amendment to Conversion Agreement, dated as of April 17, 2024, by and among Calumet, Inc., Calumet Merger Sub I LLC, Calumet Merger Sub II LLC, Calumet Specialty Products Partners, L.P., Calumet GP, LLC and the other parties thereto (incorporated by reference to Exhibit 2.1 to the Partnerships Current Report on Form 8-K filed with the SEC on April 19, 2024 (File No. 000-51734)). D. Partnership Restructuring Agreement, dated as of November 9, 2023, by and among, Calumet Specialty Products Partners, L.P., Calumet GP, LLC and the other parties thereto (incorporated by reference to Exhibit 2.1 to the Partnerships Current Report on Form 8-K filed with the SEC on November 9, 2023 (File No. 000-51734)). E. First Amendment to Partnership Restructuring Agreement, dated as of February 9, 2024, by and among Calumet Specialty Products Partners, L.P., Calumet GP, LLC and the other parties thereto (incorporated by reference to Exhibit 10.1 to the Partnerships Current Report on Form 8-K filed with the SEC on February 12, 2024 (File No. 000-51734)). 8 F. Form of Amended and Restated Bylaws of New Calumet (incorporated by reference to Exhibit 3.4 to New Calumets Registration Statement on Form S-4/A filed with the SEC on March 5, 2024 (File No. 333-277682)). G. Form of Amended and Restated Certificate of Incorporation of New Calumet (incorporated by reference to Exhibit 3.3 to New Calumets Registration Statement on Form S-4/A filed with the SEC on

SIGNATURES

SIGNATURES 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: July 11, 2024 THE HERITAGE GROUP By: /s/ Amy Schumacher Name: Amy Schumacher Title: Chief Executive Officer 10

View Full Filing

View this SC 13D filing on SEC EDGAR