Gulf Hungary Holding Amends Quaker Chemical Filing

TL;DR

Gulf Hungary Holding filed an amendment to their Quaker Chemical 13D. No major changes disclosed yet.

AI Summary

Gulf Hungary Holding Korlatolt Felelossegu Tarsasag and QH Hungary Holdings Limited filed an amendment (No. 20) to their Schedule 13D on November 27, 2024, regarding their holdings in Quaker Chemical Corp. The filing does not disclose specific new share counts or dollar amounts but indicates a change in their filing status or information.

Why It Matters

This amendment signals a potential shift in the ownership or strategy of major shareholders in Quaker Chemical, which could impact the company's stock performance and future direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in significant shareholder intentions, which may pose risks or opportunities for the company and its investors.

Key Players & Entities

• Gulf Hungary Holding Korlatolt Felelossegu Tarsasag (company) — Filer of the Schedule 13D/A
• QH Hungary Holdings Limited (company) — Filer of the Schedule 13D/A
• Quaker Chemical Corporation (company) — Subject company of the Schedule 13D/A
• Judit Rozsa (person) — Contact person for the filers
• Reb D. Wheeler, Esq. (person) — Legal counsel for the filers

FAQ

Key Financial Figures

• $1.00 — ame of Issuer) Common Stock, par value $1.00 (Title of Class of Securities) 74731

Filing Documents

• tm2429728d1_sc13da.htm (SC 13D/A) — 52KB
• 0001104659-24-123700.txt ( ) — 54KB

Purpose of Transaction

Item 4. Purpose of Transaction

of the Original Schedule 13D is hereby

Item 4 of the Original Schedule 13D is hereby amended to add the following: This Amendment No. 20 relates to the Partial Settlement, the purpose of which is to settle a portion of existing and previously reported prepaid variable share forward transactions with Citibank and RBC by delivering shares of Common Stock, to Citibank and RBC. On November 25, 2024, November 26, 2024 and November 27, 2024, QH Hungary settled a portion of five existing and previously reported prepaid variable share forward transactions with Citibank and RBC (each, a “VPF Counter Party”) by delivering 3,043 shares of Common Stock and 2,958 shares of Common Stock, to Citibank and RBC, respectively, on each of such dates (delivering an aggregate of 18,003 shares of Common Stock during such three-day period), in order to settle its obligations under the previously reported prepaid variable share forward transactions with each of the respective VPF Counter Parties as of such dates. These shares represented a portion of the total shares underlying the previously reported prepaid variable share forward transactions with Citibank and RBC.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

of the Original Schedule 13D is hereby

Item 5 of the Original Schedule 13D is hereby amended and restated as follows: (a) – (b) The information contained on the cover pages to this Amendment No. 20 is incorporated herein by reference. The Shares reported on this Amendment No. 20 are held by the Reporting Persons. QH Hungary is a wholly-owned subsidiary of Gulf Hungary, which is owned by Gulf Houghton, which is a subsidiary of Gulf Oil International. Gulf Oil International is owned by Amas Holding SPF (“ Amas Holding ”), a private wealth holding company, which in turn is beneficially owned by multiple members of the Hinduja family, with no single individual having a beneficial interest in Amas Holding of 5% or more. Based upon 17,787,813 shares of Common Stock outstanding as of October 28, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, as filed with the Securities and Exchange Commission on October 31, 2024, the Shares owned by the Reporting Persons constitutes approximately 22.5% of the issued and outstanding Common Stock of the Issuer. Except for the Shares owned by the Reporting Persons, none of the Reporting Persons or, to the knowledge of the Reporting Persons, any of the other persons listed in Item 2(a)-(c) hereto beneficially owns any other securities of the Issuer. (c) Except as described in Item 3, Item 4 and Item 6, neither the Reporting Persons nor, to the knowledge of the Reporting Persons, any person listed in Item 2(a)-(c), have effected any transactions in the Common Stock during the past 60 days. (d) Except as described in Item 3, Item 4 and Item 6, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities covered by this Amendment No. 20. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships

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

of the Original Schedule 13D is hereby

Item 6 of the Original Schedule 13D is hereby amended to add the following: The information contained in Item 3 and 4 of the Original Schedule 13D, as amended by this Amendment No. 20, is hereby incorporated by reference herein. On November 25, 2024, November 26, 2024 and November 27, 2024, QH Hungary effected the Partial Settlement.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits. None 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. Dated November 27, 2024 Gulf Hungary Holding Korlátolt Felelősségű Társaság By: /s/ Judit Rozsa Name: Judit Rozsa Title: Managing Director By: /s/ Michael Kelleher Name: Michael Kelleher Title: Managing Director QH HUNGARY HOLDINGS LIMITED By: /s/ Judit Rozsa Name: Judit Rozsa Title: Managing Director By: /s/ Michael Kelleher Name: Michael Kelleher Title: Managing Director

View Full Filing

View this SC 13D/A filing on SEC EDGAR