Park Ohio Holdings Corp Files SC 13D/A Amendment

TL;DR

Park Ohio Holdings Corp filed a 13D/A amendment on 9/26/24, watch for ownership changes.

AI Summary

On September 26, 2024, Park Ohio Holdings Corp filed an SC 13D/A amendment. The filing indicates a change in beneficial ownership, though specific details regarding the nature of the change, the parties involved, and any associated dollar amounts are not provided in this excerpt. The filing pertains to the company's status as a metal forging and stampings manufacturer.

Why It Matters

This filing signals a potential shift in the ownership structure of Park Ohio Holdings Corp, which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — SC 13D/A filings often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts for the company.

Key Players & Entities

• PARK OHIO HOLDINGS CORP (company) — Subject Company
• 0000076282 (company) — Central Index Key for Park Ohio Holdings Corp
• 3460 (company) — Standard Industrial Classification for Metal Forging & Stampings
• OH (company) — State of Incorporation
• CLEVELAND (company) — Business Address City
• 44124 (company) — Business Address Zip Code
• 440-947-2210 (company) — Business Phone Number
• PARK OHIO INDUSTRIES INC (company) — Former Company Name
• GROWTH INTERNATIONAL INC (company) — Former Company Name
• DISCOUNT CENTERS INC (company) — Former Company Name

FAQ

Key Financial Figures

• $1.00 — me of Issuer) Common Stock, par value $1.00 per Share (Title of Class of Securitie
• $30.28 — on Stock (the " Shares ") at a price of $30.28 per share, pursuant to a Stock Purchase

Filing Documents

• pkoh-edwardcrawfordsc13d_a.htm (SC 13D/A) — 42KB
• 0000076282-24-000141.txt ( ) — 45KB

Identity and Background

Item 2. Identity and Background.

is hereby amended and restated in its entirety to read as follows

Item 2 is hereby amended and restated in its entirety to read as follows (a) This Schedule 13D is being filed by Edward F. Crawford (the " Reporting Person "). (b) The business address of the Reporting Person is 6065 Parkland Boulevard, Cleveland, Ohio 44124. (c) The Reporting Person was elected to the Boards of Directors of the Issuer and its principal operating subsidiary, Park-Ohio Industries, Inc. (" Industries "), effective April 1, 2021. The Reporting Person returned to the Board of Directors of the Issuer after serving nearly two years as the U.S. Ambassador to Ireland. (d) Within the last five years, the Reporting Person has not been convicted in any criminal proceedings. (e) Within the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, the result of which proceeding the Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The Reporting Person is a citizen of the United States.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

is hereby amended and restated in its entirety to read as follows

Item 3 is hereby amended and restated in its entirety to read as follows On August 26, 2024, the Issuer agreed to issue and sell 99,075 shares of Common Stock (the " Shares ") at a price of $30.28 per share, pursuant to a Stock Purchase Agreement, dated August 26, 2024, between the Issuer and Crawford Capital Enterprises, LLC. The Issuer completed the issuance and sale of the Shares on August 27, 2024. The Shares were issued and sold on a private offering basis in reliance on an exemption from the registration requirements of the Securities Act of 1933 pursuant to Section 4(a)(2) thereof andor Rule 506 of Regulation D thereunder. The Reporting Person acquired indirect ownership of 99,075 Shares purchased with funds of an affiliate, Crawford Capital Enterprises, LLC. The Reporting Person is a long-time shareholder of the Issuer and acquired beneficial ownership of his shares of Common Stock, among other means, in connection with investments in other companies, through open-market purchases and direct purchases from the Issuer and as equity compensation for services provided by the Reporting Person to the Issuer and Industries, including as their former Chairman and Chief Executive Officer.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

is hereby amended and restated in its entirety to read as follows

Item 5 is hereby amended and restated in its entirety to read as follows (a) The Reporting Person directly beneficially owns 766,273 shares of Common Stock. The Reporting Person may also be deemed to beneficially own (i) 22,500 shares of Common Stock owned by L'Accent de Provence of which the Reporting Person is CUSIP NO. 700666100 Schedule 13DA Page 4 of 5 President and owner of 25% of its capital stock (ii) 10,650 shares of Common Stock owned by the Reporting Person's wife as to which the Reporting Person disclaims beneficial ownership and (iii) 99,075 shares of Common Stock owned by Crawford Capital Enterprises, LLC by virtue of his status as the manager of such limited liability company. Additionally, the Reporting Person may be deemed to beneficially own, along with his son, Matthew V. Crawford (i) 136,000 shares of Common Stock held by a charitable foundation (ii) 11,700 shares of Common Stock owned by Crawford Capital Company by virtue of his status as a significant shareholder of such company and (iii) 41,401 shares of Common Stock owned by First Francis Company, Inc. by virtue of his status as a significant shareholder of such company. As of the date hereof, the Reporting Person is deemed to beneficially own 8.3% (based on 13,180,028 shares of Common Stock outstanding, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024, filed August 8, 2024), or 1,087,599 shares, of Common Stock of the Issuer. (b) The Reporting Person has sole voting and investment power with respect to the 766,273 shares of Common Stock that he directly beneficially owns and 99,075 shares of Common Stock owned by Crawford Capital Enterprises, LLC. The Reporting Person has shared voting and investment power with respect to 22,500 shares of Common Stock owned by L'Accent de Provence, 10,650 shares of Common Stock owned by the Reporting Person's wife as to which the Reporting Person disclaims beneficial ownership, 136,000 shares of Com

SIGNATURES

SIGNATURES 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 September 26, 2024 By s Edward F. Crawford Name Edward F. Crawford

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View this SC 13D/A filing on SEC EDGAR