| Item 1. | |
| (a) | Name of issuer:
Stagwell Inc |
| (b) | Address of issuer's principal executive offices:
ONE WORLD TRADE CENTER, FLOOR 65, NEW YORK, NEW YORK, 10007. |
| Item 2. | |
| (a) | Name of person filing:
This Schedule 13G is filed by:
American Beacon Advisors, Inc.
Resolute Investment Managers, Inc.
(each individually a {Reporting Person} and collectively the {Reporting Persons}). The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit A. Pursuant to the Joint Filing Agreement, the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. |
| (b) | Address or principal business office or, if none, residence:
220 East Las Colinas Blvd.
Suite 1200
Irving, TX 75039 |
| (c) | Citizenship:
American Beacon Advisors, Inc. is a Delaware corporation
Resolute Investment Managers, Inc. is a Delaware corporation |
| (d) | Title of class of securities:
Class A Common Stock, par value $0.001 per share |
| (e) | CUSIP No.:
85256A109 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) |  An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
American Beacon Advisors, Inc.: shares
Resolute Investment Managers, Inc.: shares
The amount listed for American Beacon Advisors, Inc. (American Beacon) and Resolute Investment Managers, Inc. (Resolute) is beneficially owned by the American Beacon Small Cap Value Fund (the Fund), an investment company registered under section 8 of the Investment Company Act of 1940, and the American Beacon Small Cap Value Collective Investment Fund (the CIT). American Beacon is investment adviser to the Fund and the CIT and delegates voting and dispositive power over the Funds and CITs portfolio securities to unaffiliated investment advisers serving as sub-advisers to the Fund and the CIT. American Beacon is a wholly-owned subsidiary of Resolute. In accordance with Rule 13d-4 under the Securities Exchange Act of 1934, as amended, American Beacon and Resolute each expressly disclaims beneficial ownership of the Common Stock. |
| (b) | Percent of class:
American Beacon Advisors, Inc.: 5.29%
Resolute Investment Managers, Inc.: 5.29%
The percentage ownership is based upon 120,634,327 shares of Common Stock issued and outstanding as of November 1, 2023, as reported in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 2, 2023. %
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| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
0
|
| | (ii) Shared power to vote or to direct the vote:
American Beacon Advisors, Inc.: 6,380,500 shares
Resolute Investment Managers, Inc.: 6,380,500 shares
|
| | (iii) Sole power to dispose or to direct the disposition of:
0
|
| | (iv) Shared power to dispose or to direct the disposition of:
American Beacon Advisors, Inc.: 6,380,500 shares
Resolute Investment Managers, Inc.: 6,380,500 shares
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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