<SEC-DOCUMENT>0000917579-23-000001.txt : 20230201 <SEC-HEADER>0000917579-23-000001.hdr.sgml : 20230201 <ACCEPTANCE-DATETIME>20230201114254 ACCESSION NUMBER: 0000917579-23-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230201 DATE AS OF CHANGE: 20230201 EFFECTIVENESS DATE: 20230201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KESTREL INVESTMENT MANAGEMENT CORP CENTRAL INDEX KEY: 0000917579 IRS NUMBER: 943173193 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04060 FILM NUMBER: 23575520 BUSINESS ADDRESS: STREET 1: 411 BOREL AVE STREET 2: SUITE 403 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 6505729469 MAIL ADDRESS: STREET 1: 411 BOREL AVE STREET 2: SUITE 403 CITY: SAN MATEO STATE: CA ZIP: 94402 </SEC-HEADER> <DOCUMENT> <TYPE>13F-HR <SEQUENCE>1 <FILENAME>primary_doc.xml <TEXT> <XML> <?xml version="1.0" encoding="UTF-8"?> <edgarSubmission xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:com="http://www.sec.gov/edgar/common"> <schemaVersion>X0202</schemaVersion> <headerData> <submissionType>13F-HR</submissionType> <filerInfo> <liveTestFlag>LIVE</liveTestFlag> <flags> <confirmingCopyFlag>false</confirmingCopyFlag> <returnCopyFlag>true</returnCopyFlag> <overrideInternetFlag>false</overrideInternetFlag> </flags> <filer> <credentials> <cik>0000917579</cik> <ccc>XXXXXXXX</ccc> </credentials> </filer> <periodOfReport>12-31-2022</periodOfReport> </filerInfo> </headerData> <formData> <coverPage> <reportCalendarOrQuarter>12-31-2022</reportCalendarOrQuarter> <filingManager> <name>KESTREL INVESTMENT MANAGEMENT CORP</name> <address> <com:street1>411 BOREL AVE</com:street1> <com:street2>SUITE 403</com:street2> <com:city>SAN MATEO</com:city> <com:stateOrCountry>CA</com:stateOrCountry> <com:zipCode>94402</com:zipCode> </address> </filingManager> <reportType>13F HOLDINGS REPORT</reportType> <form13FFileNumber>028-04060</form13FFileNumber> <provideInfoForInstruction5>N</provideInfoForInstruction5> </coverPage> <signatureBlock> <name>David J. 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</ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>CNX Resources Corp</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>12653C108</ns1:cusip> <ns1:value>5028</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>298550</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>298550</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Consensus Cloud Solns Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>20848V105</ns1:cusip> <ns1:value>2769</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>51500</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>51500</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Daseke Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>23753F107</ns1:cusip> <ns1:value>1678</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>294950</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>294950</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Dine Brands Global Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>254423106</ns1:cusip> <ns1:value>4919</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>76150</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>76150</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>DT Midstream Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>23345M107</ns1:cusip> <ns1:value>8089</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>146375</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>146375</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Gibraltar Industries Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>374689107</ns1:cusip> <ns1:value>5802</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>126450</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>126450</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>H&R Block Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>093671105</ns1:cusip> <ns1:value>3695</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>101200</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>101200</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Kforce Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>493732101</ns1:cusip> <ns1:value>2185</ns1:value> <ns1:shrsOrPrnAmt> 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<ns1:cusip>500255104</ns1:cusip> <ns1:value>4351</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>172300</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>172300</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Koppers Holdings Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>50060P106</ns1:cusip> <ns1:value>2511</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>89050</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>89050</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Matthews International Corp</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>577128101</ns1:cusip> <ns1:value>2391</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>78550</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>78550</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Perficient Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>71375U101</ns1:cusip> <ns1:value>2818</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>40350</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>40350</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Radian Group Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>750236101</ns1:cusip> <ns1:value>5324</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>279200</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>279200</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Radiant Logistics Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>75025X100</ns1:cusip> <ns1:value>883</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>173499</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>173499</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Science App Intl Corp</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>808625107</ns1:cusip> <ns1:value>3278</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>29550</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>29550</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Sprouts Farmers Market Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>85208M102</ns1:cusip> <ns1:value>6361</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>196500</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>196500</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Standard Motor Prod Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>853666105</ns1:cusip> <ns1:value>3229</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>92800</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>92800</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Tenet Healthcare Corp</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>88033G407</ns1:cusip> <ns1:value>6235</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>127800</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>127800</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>The Hanover Insur Grp Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>410867105</ns1:cusip> <ns1:value>4939</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>36550</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>36550</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>The ODP Corp</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>88337F105</ns1:cusip> <ns1:value>6048</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>132800</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>132800</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Torrid Holdings Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>89142B107</ns1:cusip> <ns1:value>899</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>303800</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>303800</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Tri Pointe Homes Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>87265H109</ns1:cusip> <ns1:value>5846</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>314450</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>314450</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Triton International LTD</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>G9078F107</ns1:cusip> <ns1:value>7752</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>112700</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>112700</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>TTM Technologies Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>87305R109</ns1:cusip> <ns1:value>5503</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>364900</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>364900</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Univar Solutions Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>91336L107</ns1:cusip> <ns1:value>6843</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>215200</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>215200</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Vista Outdoor Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>928377100</ns1:cusip> <ns1:value>5526</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>226750</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>226750</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>Xperi Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>98423J101</ns1:cusip> <ns1:value>902</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>104762</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>104762</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>ZimVie Inc</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>98888T107</ns1:cusip> <ns1:value>1444</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>154650</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:otherManager>0</ns1:otherManager> <ns1:votingAuthority> <ns1:Sole>154650</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> </ns1:informationTable> </XML> </TEXT> </DOCUMENT> </SEC-DOCUMENT>