Simplot Taiwan Inc. holds 19.9% stake in SemiLEDs Corp.

TL;DR

**Simplot Taiwan Inc. owns 19.9% of SemiLEDs, giving them major influence.**

AI Summary

Simplot Taiwan Inc. has filed an amendment (SC 13D/A) on January 18, 2024, updating its beneficial ownership in SemiLEDs Corporation. The filing indicates that Simplot Taiwan Inc. now beneficially owns 2,445,299 shares of SemiLEDs Common Stock, representing 19.9% of the company's outstanding shares. This is a significant ownership stake, giving Simplot Taiwan Inc. substantial influence over SemiLEDs' strategic decisions and potentially impacting future corporate actions, which matters to current and prospective shareholders.

Why It Matters

This large ownership stake means Simplot Taiwan Inc. has significant power to influence SemiLEDs' future direction, potentially leading to strategic changes or even a future acquisition.

Risk Assessment

Risk Level: medium — A large shareholder with significant influence can drive changes that may or may not align with all minority shareholders' interests.

Analyst Insight

Investors should monitor SemiLEDs Corp. for any announcements regarding strategic changes or corporate actions, as Simplot Taiwan Inc.'s significant stake could drive such developments. Reviewing past interactions between Simplot Taiwan Inc. and SemiLEDs could provide further context.

Key Numbers

• 2,445,299 — shares beneficially owned (This is the total number of SemiLEDs shares Simplot Taiwan Inc. has shared voting and dispositive power over.)
• 19.9% — percentage of class outstanding (This represents a significant ownership stake in SemiLEDs Corporation, giving Simplot Taiwan Inc. substantial influence.)
• January 8, 2024 — date of event (This is the date of the event that triggered the filing of this amendment.)

Key Players & Entities

• Simplot Taiwan Inc. (company) — reporting person and beneficial owner of SemiLEDs Corp. shares
• SemiLEDs Corporation (company) — the issuer of the securities
• J.R. SIMPLOT CO (company) — group member
• JRS MANAGEMENT L.L.C. (company) — group member
• JRS PROPERTIES III LLLP (company) — group member
• SCOTT R. SIMPLOT (person) — group member
• James B. Alderman (person) — person authorized to receive notices and communications
• $0.0000056 (dollar_amount) — par value of SemiLEDs Common Stock

Forward-Looking Statements

• Simplot Taiwan Inc. will continue to exert significant influence over SemiLEDs Corp.'s strategic decisions. (SemiLEDs Corporation) — high confidence, target: 2025-01-18
• There is an increased likelihood of future corporate actions, such as a merger or acquisition, involving SemiLEDs Corp. due to this large stake. (SemiLEDs Corporation) — medium confidence, target: 2026-01-18

FAQ

Key Financial Figures

• $0.0000056 — me of Issuer) Common Stock, par value $0.0000056 (Title of Class of Securities) 8166
• $1,500,000 — having an original principal amount of $1,500,000, and which was convertible into Common
• $1.31 — ck at any time at a conversion price of $1.31 per share of Common Stock. The Note was
• $300,000 — May 26, 2020, Simplot Taiwan converted $300,000 of the principal amount of the Note int
• $1,200,000 — ive Date), Simplot Taiwan converted (i) $1,200,000 of the principal amount of the Note and
• $175,529 — e principal amount of the Note and (ii) $175,529 of accrued interest under the Note into
• $1,375,529 — tive Date, Simplot Taiwan (i) converted $1,375,529 of the Note, which amount represents $1

Filing Documents

• d700949dsc13da.htm (SC 13D/A) — 111KB
• 0001193125-24-009767.txt ( ) — 113KB

From the Filing

SC 13D/A 1 d700949dsc13da.htm SC 13D/A SC 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 2) SemiLEDs Corporation (Name of Issuer) Common Stock, par value $0.0000056 (Title of Class of Securities) 816645105 (CUSIP Number) James B. Alderman 1099 West Front Street Boise, Idaho 83702 (208) 780-7316 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) January 8, 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box (Continued on following pages) CUSIP No. 816645105 Page 2 of 10 Pages 1. NAMES OF REPORTING PERSONS: Simplot Taiwan Inc. 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): OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 6. CITIZENSHIP OR PLACE OF ORGANIZATION: Idaho NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER: 0 8. SHARED VOTING POWER: 2,445,299 1 9. SOLE DISPOSITIVE POWER: 0 10. SHARED DISPOSITIVE POWER: 2,445,299 1 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,445,299 1 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 49.2% 2 14. TYPE OF REPORTING PERSON (See Instructions): CO 1 Consists of 2,445,299 shares of Common Stock (Shares) held of record by Simplot Taiwan, Inc., a wholly-owned subsidiary of J.R. Simplot Company. 2 Based on the quotient obtained by dividing (a) the aggregate number of Shares set forth on Row 11, by (b) 4,969,032 Shares outstanding as of January 4, 2024, as reported in the issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the SEC) on January 12, 2024. CUSIP No. 816645105 Page 3 of 10 Pages 1. NAMES OF REPORTING PERSONS: J.R. Simplot Company 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): OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 6. CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER: 0 8. SHARED VOTING POWER: 2,445,299 3 9. SOLE DISPOSITIVE POWER: 0 10. SHARED DISPOSITIVE POWER: 2,445,299 3 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,445,299 3 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 49.2% 4 14. TYPE OF REPORTING PERSON (See Instructions): CO-HC 3 Consists of 2,445,299 shares of Common Stock held of record by Simplot Taiwan, Inc., a wholly-owned subsidiary of J.R. Simplot Company. 4 Based on the quotient obtained by dividing (a) the aggregate number of Shares set forth on Row 11, by (b) 4,969,032 Shares outstanding as of January 4, 2024, as reported in the issuers Quarterly Report on Form 10-Q filed with the SEC on January 12, 2024. CUSIP No. 816645105 Page 4 of 10 Pages 1. NAMES OF REPORTING PERSONS: JRS Properties III LLLP 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): OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): 6. CITIZENSHIP OR PLACE OF ORGANIZATION: Idaho NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER: 0 8. SHARED VOTING POWER: 31,036 5 9. SOLE DISPOSITIVE POWER: 0 10. SHARED DISPOSITIVE POWER: 31,036 5 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 31,036 5 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.6% 6 14. TYPE OF REPORTING PERSON (See Instructions): PN 5 Consists of 31,036 Shares held of record by JRS Properties III LLLP. 6 Based on the quotient obtained by dividing (a) the aggregate number of Shares set forth on Row 11, by (b) 4,969,032 Shares outstanding as of January 4, 2024, as reported in the issuers Quarterly Report on Form 10-Q filed with the SEC on January 12, 2024. CUSIP No. 816645105 Page 5 of 10 Pages 1. NAMES OF REPORTING PERSONS: JRS Management L.L.C. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions): a. b. 3. SEC USE ONLY:

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View this SC 13D/A filing on SEC EDGAR