Candou Holdings Adds to Reporting Group for US Lime & Minerals

TL;DR

Candou Holdings added George Doumet & Inberdon Enterprises to their 13D filing for USLM.

AI Summary

Candou Holdings Ltd. filed an amendment (No. 10) to its Schedule 13D on May 23, 2024, regarding its holdings in United States Lime & Minerals, Inc. The filing indicates a change in the group members, specifically adding George Doumet and Inberdon Enterprises Ltd. to the reporting group.

Why It Matters

This amendment signals a potential shift in the control or influence dynamics for United States Lime & Minerals, Inc., as new entities and individuals are now formally part of the reporting group.

Risk Assessment

Risk Level: medium — Changes in reporting groups on Schedule 13D filings can indicate evolving strategies or potential activist involvement, which may impact stock price and corporate governance.

Key Players & Entities

• Candou Holdings Ltd. (company) — Filing entity
• George Doumet (person) — Added group member
• Inberdon Enterprises Ltd. (company) — Added group member
• United States Lime & Minerals, Inc. (company) — Subject company

FAQ

Key Financial Figures

• $0.10 — me of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securiti

Filing Documents

• ea0206723-13da10cand_united.htm (SC 13D/A) — 79KB
• ea020672301ex99-1_united.htm (EX-99.1) — 6KB
• 0001213900-24-046071.txt ( ) — 86KB

Identity and

Item 2. Identity and Background.

of the Schedule 13D is hereby amended and restated in its entirety

Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) Doumet is a natural person and a citizen of Canada. Inberdon is a company organized under the laws of Malta. Candou is a family trust organized under the laws of Canada. (b) and (c) The address for the Reporting Persons is 1020-789 West Pender Street, Vancouver, British Columbia V6C 1H2. The principal business of Inberdon is as a private investment holding company. The principal business of Candou is as a family trust. The name, business address and principal occupation or employment of each director, executive officer and controlling person of Inberdon is set out in Annex A. The name, business address and principal occupation or employment of each director, executive officer and controlling person of Candou is set out in Annex B to this Amendment No. 10. (d) and (e) During the last five years, none of the Reporting Persons, nor, to the knowledge of the Reporting Persons, any of Inberdon’s or Candou’s officers or directors has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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 violations with respect to such laws. (f) The citizenship of each director, executive officer and controlling person of Inberdon and Candou is set out in Annex A and Annex B, respectively, to this Amendment No. 10. Pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934, the Reporting Persons have agreed to file jointly one statement with respect to their ownership of the shares of Common Stock. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person

Purpose of

Item 4. Purpose of Transaction.

of the Schedule 13D is hereby amended and restated in its entirety

Item 4 of the Schedule 13D is hereby amended and restated in its entirety as follows: The Reporting Persons currently intend the shares of Common Stock to be held for investment purposes, and expect to evaluate on an ongoing basis their interest in, and intentions with respect to, the shares of Common Stock and the Company. Accordingly, the Reporting Persons reserve the right to change their plans and intentions at any time, as they deem appropriate. In particular, the Reporting Persons may at any time and from time to time (including in open market, privately negotiated or other transactions) acquire additional securities of the Company or its subsidiaries, including additional shares of Common Stock; dispose of all or a portion of the securities of the Company or its subsidiaries, including the shares of Common Stock they now beneficially own or other securities of the Company and its subsidiaries they may hereafter acquire; and/or enter into derivative transactions with institutional counterparties to hedge the market risk of some or all of their position in such securities. The Reporting Persons may also encourage the consideration or exploration of any of the items enumerated in the following paragraph, including, without limitation, through communications with directors (including Antoine M. Doumet who is Doumet’s brother and the Chairman of the Company), management, existing or prospective security holders, investors or lenders of the Company, as well as with existing or potential strategic partners, industry analysts and other investment and financing professionals. Except as described above in this Item 4, the Reporting Persons do not have any present plans or proposals which relate to or would result in any of the following: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving

Interest in

Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended and restated in its entirety

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The responses to this Item 5 and the information on the cover page are based on there being 5,709,154 shares of Common Stock outstanding, as reported on the Company’s Quarterly Report on Form 10-Q, for the quarter ended March 31, 2024, filed with the SEC on May 1, 2024. The information set forth in Item 2 of this Amendment No. 10 and the cover pages of this Amendment No. 10 are hereby incorporated by reference into this Item 5. (a) and (b) Inberdon is the direct beneficial owner of 3,530,756 shares of Common Stock, which represents 61.84% of the outstanding shares of Common Stock. Doumet is the owner of Candou. Candou owns 100% of the voting shares of Candou Industries Ltd. Candou Industries Ltd. is the sole owner of Inberdon. Thus, Doumet and Candou may be deemed to share voting and dispositive power with Inberdon over the shares of Common Stock beneficially owned or deemed to be beneficially owned by Inberdon. (c) Except as otherwise disclosed herein, the Reporting Persons have not effected any transaction in the shares of Common Stock in the last 60 days. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of the shares of Class A Common Stock beneficially owned by the Reporting Persons. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with

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

is hereby amended and restated in its entirety as follows

Item 6 is hereby amended and restated in its entirety as follows: None of the Reporting Persons, nor, to the knowledge of the Reporting Persons, any of Candou’s or Inberdon’s directors, executive officers or controlling persons, has any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to any securities of the Company, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. CUSIP No. 911922 10 2 Page 8 of 9 SCHEDULE 13D

Material to

Item 7. Material to be Filed as Exhibits. Exhibit No. Description 99.1 Joint Filing Agreement, dated as of May 23, 2024, between the Reporting Persons. CUSIP No. 911922 10 2 Page 9 of 9 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 10 is true, complete and correct. Dated: May 23, 2024 /s/ George Doumet George Doumet INBERDON ENTERPRISES LIMITED By: /s/ Warren MacKenzie Name: Warren MacKenzie Title: Vice President CANDOU HOLDINGS LTD. By: /s/ George Doumet Name: George Doumet Title: Inberdon Enterprises Limited Directors and Officers Name

Business

Occupation or Employment Citizenship George Doumet c/o Inberdon Enterprises Limited 1020-789 West Pender Street Vancouver, British Columbia V6C 1H2 Director and President of Inberdon Enterprises Limited Canada Ray Stafrace c/o Inberdon Enterprises Limited 1020-789 West Pender Street Vancouver, British Columbia V6C 1H2 Director of Inberdon Enterprises Limited Malta Warren MacKenzie c/o Inberdon Enterprises Limited 1020-789 West Pender Street Vancouver, British Columbia V6C 1H2 Vice President of Inberdon Enterprises Limited Canada Annex B Candou Holdings Ltd. Name Citizenship George Doumet c/o Candou Holdings Ltd. 1020-789 West Pender Street Vancouver, British Columbia V6C 1H2 Canada

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View this SC 13D/A filing on SEC EDGAR