UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On January 10, 2024, Steel Partners Holdings L.P., a Delaware limited partnership (the “Company”), issued a press release announcing the Company’s intention to abandon its previously announced reverse/forward unit split of its common units, no par value, that was previously extended on January 8, 2024 and was expected to take effect on January 11, 2024. The press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
The Company also hereby announces that it has repurchased 545,625 Company common units in a private transaction pursuant to the Company’s authorized repurchase program.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Exhibits | |
| 99.1 | Press release dated January 10, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
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.
| January 10, 2024 | STEEL PARTNERS HOLDINGS L.P. | |
| By: | Steel Partners Holdings GP Inc. | |
| Its General Partner | ||
| By: | /s/ Ryan O’Herrin | |
| Ryan O’Herrin | ||
| Chief Financial Officer | ||
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Exhibit 99.1
Steel Partners Holdings L.P. Abandons Reverse/Forward Unit Split
NEW YORK, NY—January 10, 2024—Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will abandon its previously announced 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”). The Reverse/Forward Unit Split was previously extended on January 8, 2024 and was expected to become effective on January 11, 2024.
About Steel Partners Holdings L.P.
Steel Partners Holdings L.P. is a diversified global holding company that owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports.
Investor Relations Contact
Jennifer Golembeske
212-520-2300
jgolembeske@steelpartners.com