Resolute Investments Amends Teekay Corp Stake Filing

TL;DR

Resolute Investments updated its Teekay Corp filing - watch for more details.

AI Summary

Resolute Investments, Ltd. filed an amendment (No. 13) to its Schedule 13D/A on November 1, 2024, regarding its holdings in Teekay Corporation. The filing indicates a change in the reporting person's status or ownership, but specific details on the nature of the change, dollar amounts, or exact share counts are not provided in this excerpt.

Why It Matters

This filing signals a potential shift in major shareholder activity for Teekay Corporation, which could influence stock price and corporate strategy.

Risk Assessment

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

Key Players & Entities

• Resolute Investments, Ltd. (company) — Reporting Person
• Teekay Corporation (company) — Subject Company

FAQ

Key Financial Figures

• $0.001 — ration (Name of Issuer) Common stock, $0.001 par value (Title of Class of Securitie

Filing Documents

• sc13d_a.htm (SC 13D/A) — 78KB
• ex99-1.htm (EX-99.1) — 8KB
• 0000950157-24-001467.txt ( ) — 89KB

Security and Issuer

Item 1. Security and Issuer. This Amendment No. 13 to Schedule 13D is being filed to report an increase in the percentage beneficially owned by the reporting persons solely as a result in a decrease in the total number of outstanding shares, and amends Amendment No. 12 filed on August 3, 2023, Amendment No. 11 filed on May 11, 2023, Amendment No. 10 filed on January 26, 2018, Amendment No. 9 filed on July 1, 2016, Amendment No. 8 filed on December 30, 2015, Amendment No. 7, filed on December 23, 2015, Amendment No. 6, filed on December 3, 2013, Amendment No. 5, filed on November 14, 2011, Amendment No. 4, filed on August 29, 2011, Amendment No. 3, filed on February 22, 2010, Amendment No. 2, filed on April 2, 2008, Amendment No. 1, filed on March 31, 2005, and Schedule 13D filed on December 26, 2002, and relates to shares of the common stock, $0.001 par value per share, of Teekay Corporation, an exempted company existing under the laws of Bermuda (the "Issuer"), with principal executive offices at 2nd Floor, Swan Building, 26 Victoria Street, Hamilton, HM12 Bermuda.

Identity and Background

Item 2. Identity and Background. This Amendment No. 13 to Schedule 13D relates to, and is filed on behalf of, the following reporting persons: Resolute Investments, Ltd., a Bermudian exempt company ("Resolute"), with its principal office at 2nd Floor, Swan Building, 26 Victoria Street, Hamilton, HM12, Bermuda; and Path Spirit Limited, an English company limited by guarantee ("Path"), with its principal office at 10 Norwich Street, London, EC4A 1BD, United Kingdom. Resolute, which was formed for the purpose of holding the Issuer's securities acquired from its previous beneficial owners, Cirrus Trust and JTK Trust, is wholly owned by Kattegat Limited, a Bermudian exempt company with its principal offices at 2nd Floor, Swan Building, 26 Victoria Street, Hamilton, HM12, Bermuda. Kattegat Limited was formed for the purpose of holding and managing the endowed assets of The Kattegat Trust (the "Trust") and is wholly owned by the Trust. The Trust is a Bermudian charitable trust, engaged in the principal business of distributing income for charitable purposes, with its principal offices at Wessex House 5th Fl., 45 Reid Street, Hamilton HM12, Bermuda. The Co-Trustees of the Trust are Kattegat Private Trustees (Bermuda) Limited ("KPTBL") and Hamilton Trust Company Limited ("HTCL"), Bermudian trust companies each with its principal offices at Wessex House 5th Fl., 45 Reid Street, Hamilton HM12, Bermuda. Path is the trust protector for the Trust. KPTBL is wholly owned by The Lund Purpose Trust, a Bermudian purpose trust with its principal offices at Thistle House, 4 Burnaby Street, Hamilton HM 11, Bermuda, formed for the sole purpose of holding the shares of KPTBL. HTCL is owned 60% by Moore Stephens Bermuda L.P., a Bermuda exempted and limited partnership, and 40% by Lisvane Holdings Ltd., a local Bermuda company. Resolute is managed by Thomas K.Y. Hsu, a Director and its President, Peter Antturi, a director and Vice President, Cora Lee Starzomski, a director and Treasure

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. No amendment to Item 3.

Purpose of Transaction

Item 4. Purpose of Transaction. No amendment to Item 4.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Resolute is the beneficial owner and has shared voting and dispositive power with respect to 31,936,012 shares of common stock of the Issuer, representing approximately 36.42% of the Issuer's outstanding common stock. As the ultimate controlling person of Resolute, Path is joining in this Schedule 13D as a reporting person. However, the filing of this Schedule 13D shall not be construed as an admission that Path is, for any purpose, the beneficial owner of any of such shares of common stock of the Issuer.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. No amendments to item 6.

Materials to Be Filed as Exhibits

Item 7. Materials to Be Filed as Exhibits. Joint Filing Agreement, dated as of November 1, 2024 between the reporting persons. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. November 1, 2024 RESOLUTE INVESTMENTS, LTD. By: /s/ Cora Lee Starzomski Name: Cora Lee Starzomski Title: Director, Treasurer and Finance Officer PATH SPIRIT LIMITED By: /s/ Poul Karlshoej Name: Poul Karlshoej Title: Director EXHIBIT INDEX Exhibit Number Description 99.1 Joint Filing Agreement, dated as of November 1, 2024, between Resolute Investments, Ltd. and Path Spirit Limited

View Full Filing

View this SC 13D/A filing on SEC EDGAR