Rankin Family Amends Hamilton Beach Brands Filing

TL;DR

Rankin family updated their Hamilton Beach (HBB) filing, watch for ownership changes.

AI Summary

The Rankin family, through various entities including Rankin Associates HBB, L.P. and Rankin Management, Inc., has filed an amendment to their Schedule 13D for Hamilton Beach Brands Holding Co. (HBB). This filing, dated March 13, 2024, indicates a change in their beneficial ownership of the company's stock. The specific details of the change in ownership percentage or the number of shares are not explicitly stated in this excerpt, but the amendment suggests an ongoing relationship and potential strategic interest in Hamilton Beach Brands.

Why It Matters

This amendment signals a potential shift or confirmation of the Rankin family's stake and influence in Hamilton Beach Brands, which could impact the company's strategic direction or future corporate actions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate significant changes in a major shareholder's intentions or holdings, potentially leading to market volatility.

Key Players & Entities

• Hamilton Beach Brands Holding Co (company) — Subject Company
• Rankin Associates HBB, L.P. (company) — Filing Group Member
• Rankin Management, Inc. (company) — Filing Group Member
• Rankin Alfred M Et Al (person) — Filing Entity

FAQ

Key Financial Figures

• $0.01 — suer) Class B Common Stock, par value $0.01 per share (Title of Class of Securiti
• $1.00 — ares of Class B Common Stock, par value $1.00 per share ( Class B Common ), of Hamilt

Filing Documents

• d764821dsc13da.htm (SC 13D/A) — 425KB
• d764821dex9926.htm (EX-99.26) — 109KB
• d764821dex9927.htm (EX-99.27) — 351KB
• d764821dex9928.htm (EX-99.28) — 55KB
• 0001193125-24-066708.txt ( ) — 941KB

to Schedule 13D/A

Part II to Schedule 13D/A This Amendment No. 9 to Schedule 13D (this Amendment No. 9 ) is hereby filed to update and supplement certain information with respect to beneficial ownership of shares of Class B Common Stock, par value $1.00 per share ( Class B Common ), of Hamilton Beach Brands Holding Company (the Company ) held by certain signatories to the Stockholders Agreement, dated as of September 29, 2017, as amended February 24, 2020, as further amended December 21, 2020 and as further amended February 11, 2022, among the stockholders party thereto and the Issuer, that appeared in the Schedule 13D filed by the Reporting Persons on October 6, 2017 (the Initial Filing ), as amended on February 14, 2018 ( Amendment No. 1 ) , as amended on February 14, 2019 ( Amendment No. 2 ), as amended on February 13, 2020 ( Amendment No. 3 ), as amended on February 12, 2021 ( Amendment No. 4 ), as amended on February 11, 2022 ( Amendment No. 5 ), as amended on June 6, 2022 ( Amendment No. 6 ), as amended on February 10, 2023 ( Amendment No. 7 ) and as amended on August 14, 2023 ( Amendment No. 8 , and, collectively, the Filings ) . This Amendment No. 9 (a) updates certain information with respect to certain Reporting Persons under the Filings and (b) reflects the contribution of an aggregate of 2,753,267 shares of Class B Common from certain Reporting Persons to Rankin Associates HBB, L.P., a Delaware limited partnership ( Rankin HBB ). Capitalized terms used herein but not defined herein have the meanings assigned to them in the Filings. Item2. Identity and Background. The statements under the heading Alfred M. Rankin, Jr. which appear in the Filings, are hereby deleted and replaced by the following: Alfred M. Rankin, Jr. Mr. Rankins resident address is 7421 Markell Road, Waite Hill, Ohio 44094. He is (a) Non-Executive Chairman of the Company at 4421 Waterfront Dr., Glen Allen, Virginia 23060, (b) Executive Chairman of Hyster-Yale Materials Handling, Inc. at 5875 Lander

View Full Filing

View this SC 13D/A filing on SEC EDGAR