Tontine Capital Partners Amends Filing for IES Holdings

TL;DR

Tontine Capital Partners just updated their stake in IES Holdings, Inc. - watch this space.

AI Summary

On June 13, 2024, Tontine Capital Partners L.P. filed an SC 13D/A amendment regarding IES Holdings, Inc. The filing indicates a change in beneficial ownership, with Tontine Capital Partners L.P. and associated entities now holding a significant stake in the company. Jeffrey L. Gendell is listed as a group member.

Why It Matters

This filing signals a potential shift in control or influence for IES Holdings, Inc., as a significant investor has updated its ownership disclosure.

Risk Assessment

Risk Level: medium — Amendments to SC 13D filings often indicate active engagement by significant shareholders, which can lead to increased volatility or strategic changes within the company.

Key Players & Entities

• Tontine Capital Partners L.P. (company) — Filing entity
• IES Holdings, Inc. (company) — Subject company
• Jeffrey L. Gendell (person) — Group member
• Tontine Asset Associates, L.L.C. (company) — Group member
• Tontine Associates, L.L.C. (company) — Group member
• Tontine Capital Management, L.L.C. (company) — Group member
• Tontine Capital Overseas GP, L.L.C. (company) — Group member
• Tontine Capital Overseas Master Fund II, L.P. (company) — Group member
• Tontine Management, L.L.C. (company) — Group member

FAQ

Filing Documents

• tm2417133d1_sc13da.htm (SC 13D/A) — 238KB
• 0001104659-24-071332.txt ( ) — 240KB

From the Filing

SC 13D/A 1 tm2417133d1_sc13da.htm SC 13D/A OMB APPROVAL UNITED OMB Number: 3235-0145 SECURITIES AND EXCHANGE COMMISSION Expires: February 28, 2009 Washington, D.C. 20549 Estimated average burden hours per response: 14.5 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 30)* IES Holdings, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 44951W 10 6 (CUSIP Number) Jeffrey L. Gendell 1 Sound Shore Drive, Suite 304 Greenwich, Connecticut 06830 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 11, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 44951W 10 6 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Tontine Capital Partners, L.P. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) ¨ 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨ 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power -0- 8. Shared Voting Power 5,617,723 9. Sole Dispositive Power -0- 10. Shared Dispositive Power 5,617,723 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 5,617,723 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 13. Percent of Class Represented by Amount in Row (11) 27.8% 14. Type of Reporting Person (See Instructions) PN 2 CUSIP No. 44951W 10 6 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Tontine Capital Management, L.L.C. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 1,910,529 8. Shared Voting Power 5,617,723 9. Sole Dispositive Power 1,910,529 10. Shared Dispositive Power 5,617,723 11. Aggregate Amount Beneficially Owned by Each Reporting Person 7,528,252 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o 13. Percent of Class Represented by Amount in Row (11) 37.2% 14. Type of Reporting Person (See Instructions) OO 3 CUSIP No. 44951W 10 6 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Tontine Management, L.L.C. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 1,410,162 8. Shared Voting Power -0- 9. Sole Dispositive Power 1,410,162 10. Shared Dispositive Power -0- 11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,410,162 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 7.0% 14. Type of Reporting Person (See Instructions) OO 4 CUSIP No. 44951W 10 6 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Tontine Capital Overseas Master Fund II, L.P. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Pr

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