0000921895-23-001014.txt : 20230502
0000921895-23-001014.hdr.sgml : 20230502
20230502191542
ACCESSION NUMBER: 0000921895-23-001014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230430
FILED AS OF DATE: 20230502
DATE AS OF CHANGE: 20230502
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Steel Excel Inc.
CENTRAL INDEX KEY: 0000709804
STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35319
FILM NUMBER: 23881127
BUSINESS ADDRESS:
STREET 1: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 4089458600
MAIL ADDRESS:
STREET 1: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER NAME:
FORMER CONFORMED NAME: ADPT Corp
DATE OF NAME CHANGE: 20100624
FORMER NAME:
FORMER CONFORMED NAME: ADAPTEC INC
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STEEL PARTNERS HOLDINGS L.P.
CENTRAL INDEX KEY: 0001452857
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PRIMARY METAL PRODUCTS [3390]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35319
FILM NUMBER: 23881131
BUSINESS ADDRESS:
STREET 1: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-520-2300
MAIL ADDRESS:
STREET 1: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER NAME:
FORMER CONFORMED NAME: WEBFINANCIAL L.P.
DATE OF NAME CHANGE: 20081229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WebFinancial Holding Corp
CENTRAL INDEX KEY: 0001662159
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35319
FILM NUMBER: 23881129
BUSINESS ADDRESS:
STREET 1: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 520-2300
MAIL ADDRESS:
STREET 1: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SPH Group LLC
CENTRAL INDEX KEY: 0001522067
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35319
FILM NUMBER: 23881130
BUSINESS ADDRESS:
STREET 1: C/O STEEL PARTNERS HOLDINGS L.P.
STREET 2: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 520-2300
MAIL ADDRESS:
STREET 1: C/O STEEL PARTNERS HOLDINGS L.P.
STREET 2: 590 MADISON AVENUE, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Steel Partners Holdings GP Inc.
CENTRAL INDEX KEY: 0001537666
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35319
FILM NUMBER: 23881128
BUSINESS ADDRESS:
STREET 1: 590 MADISON AVENUE
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 520-2300
MAIL ADDRESS:
STREET 1: 590 MADISON AVENUE
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Steel Connect, Inc.
CENTRAL INDEX KEY: 0000914712
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 042921333
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0731
BUSINESS ADDRESS:
STREET 1: 1601 TRAPELO ROAD
STREET 2: SUITE 170
CITY: WALTHAM
STATE: MA
ZIP: 02451
BUSINESS PHONE: 781-663-5000
MAIL ADDRESS:
STREET 1: 1601 TRAPELO ROAD
STREET 2: SUITE 170
CITY: WALTHAM
STATE: MA
ZIP: 02451
FORMER COMPANY:
FORMER CONFORMED NAME: ModusLink Global Solutions Inc
DATE OF NAME CHANGE: 20080929
FORMER COMPANY:
FORMER CONFORMED NAME: CMGI INC
DATE OF NAME CHANGE: 19990108
FORMER COMPANY:
FORMER CONFORMED NAME: CMG INFORMATION SERVICES INC
DATE OF NAME CHANGE: 19981007
4
1
form409369011_05022023.xml
OWNERSHIP DOCUMENT
X0407
4
2023-04-30
0
0000914712
Steel Connect, Inc.
STCN
0001452857
STEEL PARTNERS HOLDINGS L.P.
590 MADISON AVENUE, 32ND FLOOR
NEW YORK
NY
10022
1
0
1
0
0001522067
SPH Group LLC
C/O STEEL PARTNERS HOLDINGS L.P.
590 MADISON AVENUE, 32ND FLOOR
NEW YORK
NY
10022
1
0
1
0
0001662159
WebFinancial Holding Corp
590 MADISON AVENUE, 32ND FLOOR
NEW YORK
NY
10022
1
0
1
0
0001537666
Steel Partners Holdings GP Inc.
C/O STEEL PARTNERS HOLDINGS L.P.
590 MADISON AVENUE, 32ND FLOOR
NEW YORK
NY
10022
1
0
1
0
0000709804
Steel Excel Inc.
590 MADISON AVENUE, 32ND FLOOR
NEW YORK
NY
10022
1
0
1
0
0
Series E Convertible Preferred Stock
1.10
2023-04-30
4
A
0
112043
A
Common Stock, par value $0.01
5918794
112043
I
By Steel Excel, Inc.
Series E Convertible Preferred Stock
1.10
2023-04-30
4
A
0
3387957
A
Common Stock, par value $0.01
178972524
3387957
I
By WebFinancial Holding Corporation
This Form 4 is filed jointly by Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), WebFinancial Holding Corporation ("WebFinancial"), Steel Partners Holdings GP Inc. ("Steel Holdings GP") and Steel Excel, Inc. ("Steel Excel") (collectively, the "Reporting Persons"). Steel Holdings owns 99% of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings and the owner of 100% of the outstanding shares of common stock of WebFinancial. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock (the "Section 13(d) Group").
The conversion of the Series E Convertible Preferred Stock (the "Series E Preferred Stock") is subject to approval by the Issuer's stockholders.
The Series E Preferred Stock has no expiration date.
Represents securities owned directly by Steel Excel. By virtue of their relationships with Steel Excel discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the securities owned directly by Steel Excel. Each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by Steel Excel. Steel Excel acquired the shares of Series E Preferred Stock in exchange for 115,172 shares of common stock of Aerojet Rocketdyne Holdings, Inc. with an aggregate estimated market value of $6,496,853 pursuant to a Transfer and Exchange Agreement dated as of April 30, 2023 by and between Steel Holdings, Steel Excel, WebFinancial and Steel Connect, Inc. (the "Transfer and Exchange Agreement").
Represents securities owned directly by WebFinancial. By virtue of their relationships with WebFinancial discussed in Footnote 1, each of Steel Holdings, SPHG and Steel Holdings GP may be deemed to beneficially own the securities owned directly by WebFinancial. Each of Steel Holdings, SPHG and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by WebFinancial. WebFinancial acquired the shares of Series E Preferred Stock in exchange for 3,482,572 shares of common stock of Aerojet Rocketdyne Holdings, Inc. with an aggregate estimated market value of $196,451,887 pursuant to the Transfer and Exchange Agreement.
Each of Steel Holdings, SPHG, SPHG Holdings, WebFinancial, Steel Holdings GP and Steel Excel and the other members of the Section 13(d) Group may be deemed a director by deputization due to their relationship with certain of the directors on the board of directors of the Issuer.
By: Steel Partners Holdings L.P., By: Steel Partners Holdings GP Inc., General Partner, By: /s/ Jason Wong, Chief Financial Officer
2023-05-02
By: SPH Group LLC, By: Steel Partners Holdings GP Inc., Managing Member, By: /s/ Jason Wong, Chief Financial Officer
2023-05-02
By: WebFinancial Holding Corporation, By: /s/ Jason Wong, Senior Vice President
2023-05-02
By: Steel Partners Holdings GP Inc., By: /s/ Jason Wong, Chief Financial Officer
2023-05-02
By: Steel Excel Inc., By: /s/ Maria Reda, Secretary
2023-05-02