Hein Park Capital Amends Diebold Nixdorf Stake Filing

TL;DR

Hein Park Capital just updated their Diebold Nixdorf filing - something's up.

AI Summary

Hein Park Capital Management LP, through Courtney W. Carson, has filed an amendment (Amendment #3) to its Schedule 13D for Diebold Nixdorf, Inc. The filing, dated October 22, 2024, indicates a change in the reporting person's holdings or intentions regarding the company's common stock. Specific details on the exact nature of the change or the new percentage of ownership are not provided in this excerpt.

Why It Matters

This filing signals a potential shift in significant ownership or strategy for Diebold Nixdorf, Inc., which could impact its stock price and corporate direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions or strategic intentions, which can introduce volatility.

Key Players & Entities

• Hein Park Capital Management LP (company) — Reporting Person
• Courtney W. Carson (person) — Member of Reporting Group
• Diebold Nixdorf, Inc (company) — Issuer
• Jay Schoenfarber (person) — Authorized Contact

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• h13da3.htm (SC 13D/A) — 99KB
• 0000899140-24-001095.txt ( ) — 101KB

Identity and Background

Item 2. Identity and Background

of the Schedule 13D is amended and restated as follows

Item 2 of the Schedule 13D is amended and restated as follows: (a) This Schedule 13D is being jointly filed by each of the following persons: (1) Hein Park Capital Management LP (" Hein Park ") (2) Hein Park Capital Management GP LLC (" Hein Park GP "); and (3) Courtney W. Carson (" Carson "). The foregoing persons are hereinafter sometimes referred to as the Reporting Persons. Any disclosures herein with respect to persons other than the Reporting Persons are made on information believed to be accurate after making inquiry to the appropriate party. Hein Park serves as the investment manager of certain investment funds (collectively, the " Hein Park Funds ") that hold the Shares reported herein and in its capacity as investment manager of the Hein Park Funds, Hein Park has voting and dispositive power over the Shares held by the Hein Park Funds. Hein Park GP serves as the general partner of, and in such capacity controls, Hein Park and Hein Park GP is managed and controlled by Carson. (b) The address of the principal business and principal office of each of the Reporting Persons is 888 Seventh Avenue, 41st Floor, New York, NY 10019. (c) The principal business of Hein Park, Hein Park GP and Carson is to serve as an investment manager or adviser to various investment funds. (d) During the last five (5) years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five (5) years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Hein Park is a limited partnership organized under the laws of the State of Delaware. Hein Park GP

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is amended and restated as follows

Item 5 of the Schedule 13D is amended and restated as follows: (a)-(b) The information relating to the beneficial ownership of the Shares by each of the Reporting Persons set forth in Rows 7 through 13 on each of the cover pages hereto is incorporated by reference herein and is as of the date hereof. Such information is based on 37,566,668 shares of Common Stock outstanding as of August 5, 2024, as reported in the Issuer's Form 10-Q filed on August 8, 2024. By virtue of the relationship among the Reporting Persons described in Item 2, each such Reporting Person may be deemed to share the power to vote or direct the vote and to share the power to dispose of or direct the disposition of the Shares as set forth in rows 7 through 13 of the cover pages of this Statement. The filing of this Statement shall not be construed as an admission that any such Reporting Person is for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement. (c) Set forth on Schedule A hereto are all the transactions in the shares of Common Stock effected during the past sixty days by the Reporting Persons. (d) The partners and members of the Hein Park Funds have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the accounts of the Hein Park Funds in accordance with their ownership interests in the respective Hein Park Fund. No individual partner or member of any Hein Park Fund has the right to receive or the power to direct the receipt of the dividends from, or the proceeds of the sale of, more than five percent of such Shares . (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the Schedule 13D is amended to add the following

Item 6 of the Schedule 13D is amended to add the following: The Hein Park Funds may, from time to time, enter into and dispose of cash-settled equity swaps, contracts or other similar derivative contracts with one or more counterparties that are based upon the value of Common Stock, which transactions may be significant in amount. The profit, loss and/or return on such contracts may be wholly or partially dependent on the market value of Common Stock, the relative value of Common Stock in comparison to one or more other financial instruments, indexes or securities, a basket or group of securities in which Common Stock may be included, or a combination of any of the foregoing. Where the Hein Park Funds are "long" exposure to the value of Common Stock under these contracts, the contracts do not vest the Reporting Persons with direct or indirect voting, investment or dispositive control over any securities of the Issuer. Similarly, where the Hein Park Funds are "short" exposure to the value of Common Stock under these contracts, the contracts do not reduce number of Shares over which the Reporting Persons hold direct or indirect voting, investment or dispositive control. Accordingly, the Reporting Persons disclaim any beneficial ownership in any securities that may be referenced in such contracts or that may be held from time to time by any counterparties to such contracts. SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct. Dated: October 22, 2024 HEIN PARK CAPITAL MANAGEMENT LP By: Hein Park Capital Management GP LLC, its General Partner By: /s/ Jay Schoenfarber Name: Jay Schoenfarber Title: Authorized Signatory HEIN PARK CAPITAL MANAGEMENT GP LLC By: /s/ Jay Schoenfarber Name: Jay Schoenfarber Title: Authorized Signatory /s/ Courtney W. Carson COURTNEY W. C

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