SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2020
|STEEL PARTNERS HOLDINGS L.P.|
|(Exact name of registrant as specified in its charter)|
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|(State or other jurisdiction|
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|590 Madison Avenue, 32nd Floor, New York, New York||10022|
|(Address of principal executive offices)||(Zip Code)|
Registrant's telephone number, including area code: (212) 520-2300
|(Former name or former address, if changed since last report.)|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbols||Name of each exchange on which registered|
|Common Units, $0 par||SPLP||New York Stock Exchange|
|6.0% Series A Preferred Units||SPLP-PRA||New York Stock Exchange|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 30, 2020, Joseph L. Mullen, a director of Steel Partners Holdings GP Inc., the general partner to Steel Partners Holdings L.P. (the "Company"), and Chairman of the Compensation Committee and a member of the Audit Committee of the Board of Directors of the Company (the "Board"), notified the Board of his decision to retire from the Board effective immediately. Mr. Mullen's decision to retire from the Board did not involve any disagreement with the Company on any matter relating to its operations, policies or practices.
On July 1, 2020, the Board appointed Rory H. Tahari, an existing member of the Compensation Committee, as the Chairman of the Compensation Committee.
Following Mr. Mullen's retirement, there will be a vacancy on the Board which the Company intends to fill through a robust and comprehensive search process.
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|July 2, 2020||STEEL PARTNERS HOLDINGS L.P.|
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| ||By:||Steel Partners Holdings GP Inc.|
| || ||Its General Partner|
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|By:||/s/ Douglas B. Woodworth|
|Douglas B. Woodworth|
|Chief Financial Officer|
Steel Partners Holdings Announces Retirement of Board Member Joseph L. Mullen
NEW YORK, N.Y. -- July 2, 2020 -- Steel Partners Holdings L.P. (NYSE: SPLP) ("Steel Partners" or the "Company") today announced that Joseph L. Mullen has retired from its Board of Directors.
Joseph Mullen has served on the Board of Directors of Steel Partners since July 15, 2009, including as the chair of the Compensation Committee. Prior to that, he served as a director of WebFinancial Corporation, our predecessor entity, from 1995 until December 2008.
“Joe has been a leader and outstanding fiduciary to the Company during his 25 years of service,” said Warren Lichtenstein, Executive Chairman. “He has been a source of knowledge for Steel Partners and me personally, and his many contributions over the years have been invaluable. We are grateful for his input and support and wish him the very best in his retirement.”
About Steel Partners Holdings L.P.
Steel Partners Holdings L.P. (www.steelpartners.com) is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, direct marketing, banking, and youth sports.
Steel Partners Holdings L.P.
Jennifer Golembeske, 212-520-2300