Simcoe Capital Management Amends Stake in Donnelley Financial

TL;DR

Simcoe Capital updated their 13D filing for Donnelley Financial. Watch this space.

AI Summary

Simcoe Capital Management, LLC, through its principal Jeffrey Jaconowitz, has amended its Schedule 13D filing regarding Donnelley Financial Solutions, Inc. The amendment, filed on May 16, 2024, indicates a change in beneficial ownership. Simcoe Capital Management, LLC is based in New York, NY.

Why It Matters

This filing signals a potential shift in ownership or strategy for Donnelley Financial Solutions, Inc., which could impact its stock price and corporate governance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or activist investor involvement, which can introduce volatility.

Key Players & Entities

• Simcoe Capital Management, LLC (company) — Filing entity
• Jeffrey Jaconowitz (person) — Principal of Simcoe Capital Management, LLC
• Donnelley Financial Solutions, Inc. (company) — Subject company
• Olshan Frome Wolosky LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $16,178,333 — ned by Simcoe Partners is approximately $16,178,333, including brokerage commissions. The a
• $1,467,810 — owned by Simcoe Select is approximately $1,467,810, including brokerage commissions. The a
• $424,515 — owned by SDR Partners is approximately $424,515, including brokerage commissions. The
• $61.60 — ices at which common stock was sold was $61.60 to $62.59 per share. The Reporting Pers
• $62.59 — ich common stock was sold was $61.60 to $62.59 per share. The Reporting Person underta
• $62.60 — ices at which common stock was sold was $62.60 to $62.68 per share. The Reporting Pers
• $62.68 — ich common stock was sold was $62.60 to $62.68 per share. The Reporting Person underta
• $61.70 — ices at which common stock was sold was $61.70 to $62.28 per share. The Reporting Pers
• $62.28 — ich common stock was sold was $61.70 to $62.28 per share. The Reporting Person underta
• $61.09 — ices at which common stock was sold was $61.09 to $62.08 per share. The Reporting Pers
• $62.08 — ich common stock was sold was $61.09 to $62.08 per share. The Reporting Person underta

Filing Documents

• sc13da1107902006_05162024.htm (SC 13D/A) — 198KB
• 0000921895-24-001264.txt ( ) — 200KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended and restated to read as follows: The Shares purchased by each of Simcoe Partners, Simcoe Select and SDR Partners were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the 1,241,215 Shares directly owned by Simcoe Partners is approximately $16,178,333, including brokerage commissions. The aggregate purchase price of the 116,180 Shares directly owned by Simcoe Select is approximately $1,467,810, including brokerage commissions. The aggregate purchase price of the 35,590 Shares directly owned by SDR Partners is approximately $424,515, including brokerage commissions. The 36,088 Shares and 10,214 restricted stock units (“RSUs”) were granted to Mr. Jacobowitz in his capacity as a director of the Issuer. The RSUs are payable in Shares on the earlier of the first anniversary of the grant date or when Mr. Jacobowitz ceases to be a director of the Issuer.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) – (c) and (e) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 29,315,874 Shares outstanding, as of April 26, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 1, 2024. A. Simcoe Partners (a) As of the date hereof, Simcoe Partners directly owned 1,241,215 Shares. Percentage: Approximately 4.2% (b) 1. Sole power to vote or direct vote: 1,241,215 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,241,215 4. Shared power to dispose or direct the disposition: 0 (c) The transactions in the Shares by Simcoe Partners since the filing of Amendment No. 10 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. B. Simcoe Select (a) As of the date hereof, Simcoe Select directly owned 116,180 Shares. Percentage: Less than 1% (b) 1. Sole power to vote or direct vote: 116,180 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 116,180 4. Shared power to dispose or direct the disposition: 0 8 CUSIP No. 25787G100 (c) The transactions in the Shares by Simcoe Select since the filing of Amendment No. 10 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. C. Simcoe Management (a) Simcoe Management, as the general partner of Simcoe Partners and Simcoe Select, may be deemed the beneficial Percentage: Approximately 4.6% (b) 1. Sole power to vote or direct vote: 1,357,395 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,357,395 4. Shared power to dispose or direct t

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: May 16, 2024 SIMCOE PARTNERS, L.P. By: Simcoe Management Company, LLC General Partner By: /s/ Jeffrey Jacobowitz Name: Jeffrey Jacobowitz Title: Managing Member SIMCOE SELECT, L.P. By: Simcoe Management Company, LLC General Partner By: /s/ Jeffrey Jacobowitz Name: Jeffrey Jacobowitz Title: Managing Member SIMCOE MANAGEMENT COMPANY, LLC By: /s/ Jeffrey Jacobowitz Name: Jeffrey Jacobowitz Title: Managing Member SDR PARTNERS, LLC By: Simcoe Capital Management, LLC Investment Manager By: /s/ Jeffrey Jacobowitz Name: Jeffrey Jacobowitz Title: Managing Member SIMCOE CAPITAL MANAGEMENT, LLC By: /s/ Jeffrey Jacobowitz Name: Jeffrey Jacobowitz Title: Managing Member /s/ Jeffrey Jacobowitz JEFFREY JACOBOWITZ 11 CUSIP No. 25787G100 SCHEDULE A Transactions in the Shares Since the Filing of Amendment No. 10 to the Schedule 13D Shares of Common Stock (Sold) Price Per Share($) Date of Sale SIMCOE PARTNERS, L.P. (49,943) 61.9366 1 05/10/2024 (285) 62.6700 2 05/10/2024 (99,096) 61.8248 3 05/13/2024 (81,026) 61.2121 4 05/14/2024 SIMCOE SELECT, L.P. (2,463) 61.9366 1 05/10/2024 (14) 62.6700 2 05/10/2024 (4,887) 61.8248 3 05/13/2024 (3,996) 61.2121 4 05/14/2024 SDR PARTNERS, LLC (1,101) 61.9366 1 05/10/2024 (6) 62.6700 2 05/10/2024 (2,183) 61.8248 3 05/13/2024 (1,785) 61.2121 4 05/14/2024 1 The reported price represents a weighted average sale price. The range of prices at which common stock was sold was $61.60 to $62.59 per share. The Reporting Person undertakes to provide to the Staff, the Issuer or a security holder full information regarding the number of shares sold at each separate price. 2 The reported price represents a weighted averag

View Full Filing

View this SC 13D/A filing on SEC EDGAR