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): December 22, 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
|(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):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ 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 ☐
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. ☐
Item 8.01 Other Events.
On December 21, 2020, the Board of Directors of the general partner of Steel Partners Holdings L.P. (the "Company") approved the repurchase of 2,500,000 of the Company's common units, which is addition to 910,823 units that may yet be purchased under its previously announced repurchase program (collectively, with all prior repurchase programs, the "Repurchase Program"). Any purchases made under the Repurchase Program will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, in compliance with applicable laws and regulations. In connection with the Repurchase Program, the Company may enter into a stock purchase plan in conformity with the provisions of Rule 10b5-1 and Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. The Repurchase Program has no termination date.
On December 22, 2020, the Company agreed to repurchase 1,968,771 common units in a privately negotiated transaction for aggregate consideration totaling $17.7 million.
Item 9.01 Financial Statements and Exhibits.
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
|December 22, 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|