QH Hungary Holdings Amends Quaker Chemical Stake

TL;DR

QH Hungary Holdings filed an update on its Quaker Chemical stake, watch for changes.

AI Summary

QH Hungary Holdings Limited, through Gulf Hungary Holding Korlatolt Felelossegu Tarsasag, has filed an amendment (No. 23) to its Schedule 13D/A for Quaker Chemical Corporation on December 12, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Quaker Chemical Corporation, which could influence its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D/A often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Numbers

• 23 — Amendment Number (Indicates this is the 23rd update to the filing.)

Key Players & Entities

• QH Hungary Holdings Limited (company) — Filing entity
• Gulf Hungary Holding Korlatolt Felelossegu Tarsasag (company) — Filing entity
• Quaker Chemical Corporation (company) — Subject company
• Judit Rozsa (person) — Contact person for filing entity
• Reb D. Wheeler, Esq. (person) — Legal counsel for filing entity

FAQ

Key Financial Figures

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

Filing Documents

• tm2430811d1_sc13da.htm (SC 13D/A) — 53KB
• 0001104659-24-128065.txt ( ) — 55KB

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. 23 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 December 10, 2024, December 11, 2024 and December 12, 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. 23 is incorporated herein by reference. The Shares reported on this Amendment No. 23 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 22.2% 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. 23. (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. 23, is hereby incorporated by reference herein. On December 10, 2024, December 11, 2024 and December 12, 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 December 12, 2024 Gulf Hungary Holding Korlátolt Felelősségű Társaság By: /s/ Dr. Robert Dennis Partay Name: Dr. Robert Dennis Partay Title: Proxy for Michael Kelleher, Managing Director of the Reporting Person By: /s/ Judit Rozsa Name: Judit Rozsa Title: Managing Director QH HUNGARY HOLDINGS LIMITED By: /s/ Dr. Robert Dennis Partay Name: Dr. Robert Dennis Partay Title: Proxy for Michael Kelleher, Managing Director of the Reporting Person By: /s/ Judit Rozsa Name: Judit Rozsa Title: Managing Director

View Full Filing

View this SC 13D/A filing on SEC EDGAR