Beach Point Capital Management amends Diebold Nixdorf filing
Ticker: DBD · Form: SC 13D/A · Filed: Oct 2, 2024 · CIK: 28823
| Field | Detail |
|---|---|
| Company | Diebold Nixdorf, Inc (DBD) |
| Form Type | SC 13D/A |
| Filed Date | Oct 2, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-activity, sec-filing, 13d-amendment
Related Tickers: DBD
TL;DR
Beach Point Capital Management updated their stake in Diebold Nixdorf (DBD) on 9/30.
AI Summary
Beach Point Capital Management LP, on September 30, 2024, filed an amendment (No. 3) to its Schedule 13D regarding Diebold Nixdorf, Incorporated. The filing indicates a change in beneficial ownership of the company's common stock, par value $0.01 per share.
Why It Matters
This filing signals a potential shift in significant shareholder positions, which could influence Diebold Nixdorf's stock performance and corporate strategy.
Risk Assessment
Risk Level: medium — Changes in major shareholder filings can indicate strategic shifts or potential activism, impacting stock price and company direction.
Key Players & Entities
- Beach Point Capital Management LP (company) — Filing entity
- Diebold Nixdorf, Incorporated (company) — Subject company
- Lawrence M. Goldman (person) — Authorized contact for filing
- September 30, 2024 (date) — Date of event
FAQ
What specific change in beneficial ownership is reported in this amendment?
The filing is an amendment (No. 3) to Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., percentage, number of shares) are not provided in the header information.
Who is the filing entity and what is their address?
The filing entity is Beach Point Capital Management LP, located at 1620 26th Street, Suite 6000n, Santa Monica, CA 90404.
What is the subject company and its CUSIP number?
The subject company is Diebold Nixdorf, Incorporated, with CUSIP number 253651202.
When was the event that required this filing amendment?
The date of the event which required this filing amendment was September 30, 2024.
What is the title of the securities involved in this filing?
The title of the securities involved is Common stock, par value $0.01 per share.
Filing Stats: 1,080 words · 4 min read · ~4 pages · Grade level 11.8 · Accepted 2024-10-02 17:03:25
Key Financial Figures
- $0.01 — me of Issuer) Common stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- sayw24100201_13da.htm (SC 13D/A) — 76KB
- ex5.htm (EX-5) — 8KB
- 0000905148-24-002615.txt ( ) — 85KB
of the Schedule 13D is hereby amended and supplemented as follows
Item 1 of the Schedule 13D is hereby amended and supplemented as follows: This Amendment No. 3 to Schedule 13D ("Amendment No. 3") is being filed by the undersigned, pursuant to 240.13d-2(a), to amend and supplement the Schedule 13D filed on August 18, 2023, as amended by Amendment No. 1 filed on February 22, 2024 and Amendment No. 2 filed on May 10, 2024 (collectively, the "Schedule 13D"), with respect to the shares of common stock, par value $0.01 per share ("New Common Stock"), of Diebold Nixdorf, Incorporated, a Delaware corporation (the "Issuer" or the "Company"), whose principal executive offices are located at 350 Orchard Avenue NE, North Canton, Ohio 44720. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. All capitalized terms used herein but not otherwise defined shall have the respective meanings ascribed thereto in the Schedule 13D. Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported in the Schedule 13D. Item 5. Interest in Securities of the Issuer
(a) - (c) of the Schedule 13D is hereby amended and supplemented as follows
Item 5(a) - (c) of the Schedule 13D is hereby amended and supplemented as follows: (a, b) As of the date hereof, each of the Reporting Persons may be deemed to have beneficial ownership, shared voting power and shared dispositive power with regard to 2,043,666 shares of New Common Stock held by the Clients, which represents approximately 5.4% of shares of New Common Stock outstanding. The foregoing beneficial ownership percentage is based on a total of 37,566,668 shares of New Common Stock outstanding as of August 5 , 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed on August 7 , 2024. (c) Except for the transactions listed in Exhibit 5 to this Amendment No. 3, there have been no transactions in the shares of New Common Stock by the Reporting Persons during the past sixty days. Item 7. Material to be Filed as Exhibits
of the Schedule 13D is hereby amended and supplemented as follows
Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 5 Schedule of Transactions, in response to Item 5(c). CUSIP No: 253651202 SCHEDULE 13D Page 5 of 5 pages 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. Beach Point Capital Management LP By: /s/ Lawrence M. Goldman Name: Lawrence M. Goldman Title: Chief Administrative Officer Beach Point GP LLC By: /s/ Lawrence M. Goldman Name: Lawrence M. Goldman Title: Chief Administrative Officer October 2, 2024 Attention: Intentional misstatements or omissions of fact constitute federal violations (see 18 U.S.C. 1001).