Lampert Entities Amend AutoNation Stake Filing

TL;DR

Lampert's ESL Investments updated their AutoNation filing on 3/22/24 - watch for changes.

AI Summary

Edward S. Lampert, through ESL Investments, Inc. and other related entities, has filed an amendment to their Schedule 13D concerning AutoNation, Inc. as of March 22, 2024. The filing indicates a change in their beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The entities involved are ESL Investments, Inc., Edward S. Lampert, Lampert Foundation, and RBS Partners, L.P.

Why It Matters

This filing is an update to a significant shareholder's position in AutoNation, Inc., which could signal changes in investment strategy or influence on the company's future direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in major shareholder influence, warranting close monitoring.

Key Players & Entities

• Edward S. Lampert (person) — Beneficial owner and group member
• ESL Investments, Inc. (company) — Filing entity and group member
• AutoNation, Inc. (company) — Subject company
• Lampert Foundation (company) — Group member
• RBS Partners, L.P. (company) — Group member

FAQ

Key Financial Figures

• $0.01 — es to shares of common stock, par value $0.01 per share (the Shares ), of AutoNation,

Filing Documents

• d762059dsc13da.htm (SC 13D/A) — 106KB
• 0001193125-24-075597.txt ( ) — 108KB

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: On October 7, 2022, ESL divested beneficial ownership for purposes of Section 13(d) of the Act of an aggregate of 2,205 Shares that were held in the Liability Accounts controlled by ESL or its designee that were established on behalf of, and for the benefit of, certain Redeeming Limited Partners that previously redeemed all of their interest in ESL in lieu of ESL withholding a reasonable reserve from the amounts that would have otherwise been distributable to such Redeeming Limited Partners for the purpose of satisfying the relevant Redeeming Limited Partners share of any contingent liabilities of, or claims against, ESL. These divestures of Shares were made at the direction and for the benefit of these Redeeming Limited Partners on a pro rata basis. Item5. Interest in Securities of the Issuer.

is hereby amended and restated in its entirety as follows

Item 5 is hereby amended and restated in its entirety as follows: (a)-(b) Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement. Each Filing Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer. As of March 22, 2024, the Filing Persons may be deemed to beneficially own the Shares set forth in the table below. FILING PERSON NUMBER OF SHARES BENEFICIALLY OWNED PERCENTAGE OF OUTSTANDING SHARES SOLE VOTING POWER SHARED VOTING POWER SOLE DISPOSITIVE POWER SHARED DISPOSITIVE POWER ESL Partners, L.P. 2,203 (1) Less than 0.1% (2) 2,203 (1) 0 2,203 (1) 0 RBS Partners, L.P. 2,203 (1) Less than 0.1% (2) 2,203 (1) 0 2,203 (1) 0 ESL Investments, Inc. 2,203 (1) Less than 0.1% (2) 2,203 (1) 0 2,203 (1) 0 The Lampert Foundation 162,002 0.4% (2) 162,002 0 162,002 0 Edward S. Lampert 4,168,375 (1)(3)(4) 9.99% (2) 4,168,375 (1)(3)(4) 0 4,168,375 (1)(3)(4) 0 (1) This number includes 2,203 Shares held in the Liability Accounts controlled by ESL. RBS is the general partn

is hereby amended and supplemented as follows

Item 6 is hereby amended and supplemented as follows: The information set forth in each of Item 3 and Item 4 of this Schedule 13D is incorporated by reference into this Item 6. 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. Date: March 22, 2024 ESL PARTNERS, L.P. By: RBS Partners, L.P., as its general partner By: ESL Investments, Inc., as its general partner By: /s/ Edward S. Lampert Name: Edward S. Lampert Title: Chief Executive Officer RBS PARTNERS, L.P. By: ESL Investments, Inc., as its general partner By: /s/ Edward S. Lampert Name: Edward S. Lampert Title: Chief Executive Officer ESL INVESTMENTS, INC. By: /s/ Edward S. Lampert Name: Edward S. Lampert Title: Chief Executive Officer THE LAMPERT FOUNDATION By: /s/ Edward S. Lampert Name: Edward S. Lampert Title: Co-Trustee EDWARD S. LAMPERT By: /s/ Edward S. Lampert ANNEX B RECENT TRANSACTIONS BY THE FILING PERSONS IN THE SECURITIES OF AUTONATION, INC. Entity Date of Transaction Description of Transaction Shares Disposed Price Per Share Edward S. Lampert 01/22/2024 Open Market Sales 380,497 $ 143.1237 Edward S. Lampert 02/12/2024 Open Market Sales 10,804 $ 154.5559 Edward S. Lampert 03/20/2024 Open Market Sales 100,000 $ 161.256 Edward S. Lampert 03/21/2024 Open Market Sales 163,100 $ 164.6371