Ice Mountain LLC Amends Zurn Elkay Water Solutions Stake

TL;DR

Ice Mountain LLC just updated its Zurn Elkay stake - watch this space.

AI Summary

On October 2, 2024, Ice Mountain LLC filed an SC 13D/A amendment concerning Zurn Elkay Water Solutions Corp. This filing indicates a change in beneficial ownership, with Ice Mountain LLC now holding a significant stake. The filing details the group members associated with Ice Mountain LLC, including various trusts and individuals such as Aimee Katz and April Jalazo.

Why It Matters

This filing signals a potential shift in control or influence over Zurn Elkay Water Solutions Corp, which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or strategic shifts, warranting close monitoring.

Key Players & Entities

• Ice Mountain LLC (company) — Filing entity
• Zurn Elkay Water Solutions Corp (company) — Subject company
• Aimee Katz (person) — Group member
• April Jalazo (person) — Group member
• Errol R. Halperin Revocable Trust U/A/D 7/8/1996 (company) — Group member
• Northern Trust Co (company) — Group member

FAQ

Key Financial Figures

• $0.01 — related to the common stock, par value $0.01 per share (the “ Common Stock &rd

Filing Documents

• tm2424991d1_sc13da.htm (SC 13D/A) — 282KB
• tm2424991d1_ex99-1.htm (EX-99.1) — 39KB
• 0001104659-24-105452.txt ( ) — 323KB

Identity and Background

Item 2. Identity and Background “Item 2. Identity and Background” of the Schedule 13D is hereby amended and restated as follows: The persons filing this statement are the Reporting Persons. The residence or business address for each of the Reporting Persons is as follows: Ice Mountain: c/o The Northern Trust Company, 50 S. LaSalle St., B-3, Chicago, IL 60603, Attn: John R. Thickens Cascade Bay: c/o The Northern Trust Company, 50 S. LaSalle St., B-3, Chicago, IL 60603, Attn: John R. Thickens DYN: c/o The Northern Trust Company, 50 S. LaSalle St., B-3, Chicago, IL 60603, Attn: John R. Thickens KTP: c/o The Northern Trust Company, 50 S. LaSalle St., B-3, Chicago, IL 60603, Attn: John R. Thickens New VBA: c/o The Northern Trust Company, 50 S. LaSalle St., B-3, Chicago, IL 60603, Attn: John R. Thickens KVST: c/o The Northern Trust Company, 50 S. LaSalle St., B-3, Chicago, IL 60603, Attn: John R. Thickens Estate of Errol R. Halperin, deceased: c/o Phyllis Hollander, 135 Wellington Road, Northbrook, IL 60062 The Northern Trust Company: The Northern Trust Company, 50 S. LaSalle St., B-6, Chicago, IL 60603, Attn: Siomara Elizondo Halperin Trust: c/o Phyllis Hollander, 135 Wellington Road, Northbrook, IL 60062 Aimee Katz: 4525 Sterling Road, Downers Grove, IL 60515-3040 April Jalazo: 646 Columbus Drive, Tierra Verde, FL 33715-2030 Patricia A. Bauer: 266 Brian Lane, Dawson, IL 62520 Estate of Ronald C. Katz, deceased: c/o The Northern Trust Company, 50 S. LaSalle St., B-6, Chicago, IL 60603, Attn: Siomara Elizondo The principal business or occupation for each of the Reporting Persons is as follows: Ice Mountain: Investing. Cascade Bay: Investing. DYN: Not applicable. KTP: Not applicable. New VBA: Not applicable. KVST: Not applicable. Estate of Errol R. Halperin, deceased: Hold certain assets of the late Errol R. Halperin. The Northern Trust Company: A trust company. Halperin Trust: Not applicable

Interest in Securities of the

Item 5. Interest in Securities of the Issuer “Item 5. Interest in Securities of the Issuer” of the Schedule 13D is hereby amended and restated as follows: The information set forth below in Item 6 is incorporated by reference into this Item 5. (a) Amount beneficially owned and percentage of class Ice Mountain is the direct record owner of 23,454,164 shares of Common Stock; KVST is the direct record owner of 236,387 shares of Common Stock; New VBA is the direct record owner of 14,101 shares of Common Stock; KTP is the direct record owner of 71,452 shares of Common Stock; the Estate of Errol R. Halperin , deceased, is the direct record owner of 0 shares of Common Stock, the Halperin Trust is the direct record owner of 140,000 shares of Common Stock; Aimee Katz is the direct record owner of 6,678 shares of Common Stock; Patricia A. Bauer is the direct record owner of 232 shares of Common Stock; and the Estate of Ronald C. Katz, deceased, is the direct record owner of 7,476 shares of Common Stock. The aggregate number of shares of Common Stock beneficially owned by Ice Mountain is 23,454,164, representing 13.72% of the shares of Common Stock outstanding as of July 26, 2024. Voting and investment power with respect to the shares of Common Stock directly owned by Ice Mountain may be deemed to be shared by Cascade Bay, DYN, Aimee Katz and April Jalazo. Cascade Bay is the manager and sole Class A member of Ice Mountain. DYN is the Special Assets Manager of Cascade Bay. Aimee Katz and April Jalazo are the seat holders of the DYN Voting Committee. Neither Cascade Bay nor DYN directly owns any shares of Common Stock. Each of Cascade Bay, DYN, Aimee Katz and April Jalazo may be deemed to be the beneficial owner of the 23,454,164 shares of Common Stock directly owned by Ice Mountain, representing approximately 13.72% of the shares of Common Stock outstanding as of July 26, 2024. The aggregate number of shares of Common Stock beneficially owned by KVST is 236

View Full Filing

View this SC 13D/A filing on SEC EDGAR