-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AyIAKxTioGnVDxJUS2OOaGNjV6qlXxU9laspzoH2WlUGBnv5uhLKxN+0dfqgeh8A 6HzrJ7qJ8UtZhEhjHjqYjQ== 0000919574-09-012433.txt : 20090624 0000919574-09-012433.hdr.sgml : 20090624 20090624170635 ACCESSION NUMBER: 0000919574-09-012433 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090624 DATE AS OF CHANGE: 20090624 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDEN OCEAN GROUP LTD CENTRAL INDEX KEY: 0001058092 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PO BOX 265 STE 6 TOWER HILL HOUSE STREET 2: LA BORDAGE ST PETER PORT CITY: GY1 3QU CHANNEL ISLA STATE: X0 MAIL ADDRESS: STREET 1: PO BOX 265 STE 6 TOWER HILL HOUSE STREET 2: LE BORDAGE ST PETER PORT GY1 3QU CITY: CHANNEL ISLANDS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Navios Maritime Holdings Inc. CENTRAL INDEX KEY: 0001333172 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 980384348 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80980 FILM NUMBER: 09907911 BUSINESS ADDRESS: STREET 1: C/O INTERNATIONAL SHIPPING ENTERPRISES STREET 2: 1225 FRANKLIN AVE., SUITE 325 CITY: GARDEN CITY STATE: NY ZIP: 11530 BUSINESS PHONE: 516-240-8025 MAIL ADDRESS: STREET 1: C/O INTERNATIONAL SHIPPING ENTERPRISES STREET 2: 1225 FRANKLIN AVE., SUITE 325 CITY: GARDEN CITY STATE: NY ZIP: 11530 SC 13D/A 1 d1006874_13d-a.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 1 Navios Maritime Holdings Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 029107823 - -------------------------------------------------------------------------------- (CUSIP Number) Golden Ocean Group Limited Par-La-Ville Place 14 Par-La-Ville Road Hamilton HM 08 Bermuda (441)295-6935 With a copy to: Gary J. Wolfe, Esq. Seward & Kissel LLP One Battery Park Plaza New York, New York 10004 (212) 574-1200 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) June 19, 2008 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box [ ]. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 029107823 SCHEDULE 13D - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON Golden Ocean Group Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER -0- NUMBER OF ------------------------------------------------------------ SHARES 8. SHARED VOTING POWER 1,411,965 BENEFICIALLY OWNED BY EACH ------------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,411,965 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,411,965 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP NO. 029107823 SCHEDULE 13D - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON Hemen Holding Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* AF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cyprus - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER -0- NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER 1,411,965 BENEFICIALLY OWNED BY EACH ------------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,411,965 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,411,965 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP NO. 029107823 SCHEDULE 13D - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON John Fredriksen S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cyprus - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER -0- NUMBER OF ------------------------------------------------------------- SHARES 8. SHARED VOTING POWER 1,411,965 BENEFICIALLY OWNED BY EACH ------------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,411,965 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,411,965 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- CUSIP NO. 029107823 SCHEDULE 13D - -------------------------------------------------------------------------------- The purpose of this Amendment No. 1 to the Schedule 13D is to report a reduction in beneficial ownership by the Reporting Persons of 3,863,180 common shares of Navios Maritime Holdings Inc. (the "Issuer"). - -------------------------------------------------------------------------------- Item 1. Security and Issuer No material change from the Schedule 13D filed on December 1, 2008. - -------------------------------------------------------------------------------- Item 2. Identity and Background No material change from the Schedule 13D filed on December 1, 2008. - -------------------------------------------------------------------------------- Item 3. Source and Amount of Funds or Other Consideration No material change from the Schedule 13D filed on December 1, 2008. - -------------------------------------------------------------------------------- Item 4. Purpose of Transaction No material change from the Schedule 13D filed on December 1, 2008. - -------------------------------------------------------------------------------- Item 5. Interest in Securities of the Issuer (a), (b) According to the Issuer's Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on May 22, 2009, there were 100,225,217 shares of the Issuer's issued and outstanding common stock as of March 31, 2009. Based on such information, the Reporting Persons report beneficial ownership of the following shares of common stock: Golden Ocean may be deemed to beneficially own 1,411,965 shares of the Issuer's common stock, representing approximately 1.4% of the outstanding shares of the Issuer's common stock. Golden Ocean has the sole power to vote 0 shares of the Issuer's common stock and the shared power to vote 1,411,965 shares of the Issuer's common stock. Golden Ocean has the sole power to dispose of 0 shares of the Issuer's common stock and the shared power to dispose of 1,411,965 shares of the Issuer's common stock. Hemen may be deemed to beneficially own 1,411,965 shares of the Issuer's common stock, representing approximately 1.4% of the outstanding shares of the Issuer's common stock. Hemen has the sole power to vote 0 shares of the Issuer's common stock and the shared power to vote 1,411,965 shares of the Issuer's common stock. Hemen has the sole power to dispose of 0 shares of the Issuer's common stock and the shared power to dispose of 1,411,965 shares of the Issuer's common stock. Mr. Fredriksen may be deemed to beneficially own 1,411,965 shares of the Issuer's common stock, representing approximately 1.4% of the outstanding shares of the Issuer's common stock. Mr. Fredriksen has the sole power to vote 0 shares of the Issuer's common stock and the shared power to vote 1,411,965 shares of the Issuer's common stock. Mr. Fredriksen has the sole power to dispose of 0 shares of the Issuer's common stock and the shared power to dispose of 1,411,965 shares of the Issuer's common stock. None of the other persons named in response to Item 2 have the sole power to vote or to direct the vote, the shared power to vote or direct the vote, the sole power to dispose or to direct the disposition, or the shared power to dispose or to direct the disposition of the shares of the Issuer's common stock that are the subject of this Statement. (c) Exhibit B annexed hereto lists all transactions not previously reported in the shares of the Issuer's common stock during the past sixty days by the Reporting Persons. All of such transactions were effected through authorized brokers by Golden Ocean. None of the other Reporting Persons, and to the best of the Reporting Persons' knowledge, none of the other persons named in response to Item 2, were involved in any transactions in shares of the Issuer's common stock during the past sixty days. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Issuer's common stock beneficially owned by the Reporting Persons. (e) On June 19, 2009, the Reporting Persons ceased to be beneficial owners of more than five percent of the Issuer's common stock. - -------------------------------------------------------------------------------- Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No material change from the Schedule 13D filed on December 1, 2008. - -------------------------------------------------------------------------------- Item 7. Material to be Filed as Exhibits Exhibit A - Joint Filing Undertaking. Exhibit B - Transactions in the Issuer's common stock by Golden Ocean Group Limited. SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: June 24, 2009 Golden Ocean Group Limited By: /s/ Herman Billung ------------------------ Name: Herman Billung Title: Acting Principal Executive Officer HEMEN HOLDING LIMITED By: /s/ Dimitris Hannas ------------------------ Name: Dimitris Hannas Title: Director JOHN FREDRIKSEN By: /s/ John Fredriksen ------------------- Name: John Fredriksen Exhibit A JOINT FILING UNDERTAKING The undersigned, being duly authorized thereunto, hereby executes this agreement as an exhibit to this Schedule 13D with respect to the shares of common stock of Navios Maritime Holdings Inc. to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, as amended, to file this Amendment No. 1 to Schedule 13D jointly on behalf of each such party. Dated: June 24, 2009 Golden Ocean Group Limited By: /s/ Herman Billung ------------------------ Name: Herman Billung Title: Acting Principal Executive Officer HEMEN HOLDING LIMITED By: /s/ Dimitris Hannas ------------------------ Name: Dimitris Hannas Title: Director JOHN FREDRIKSEN By: /s/ John Fredriksen ------------------- Name: John Fredriksen Exhibit B TRANSACTIONS IN THE ISSUER'S COMMON STOCK BY GOLDEN OCEAN GROUP LIMITED Date of Transaction Number of Shares Price per share Purchased/(Sold) June 8, 2009 (250,000) $4.82 June 19, 2009 (3,490,512) $4.50 June 23,2009 (122,668) $4.00 SK 25875 0003 1006874 v2 -----END PRIVACY-ENHANCED MESSAGE-----