SCHEDULE 13G/A: Adams Asset Advisors Discloses 6.1% Passive Stake in Calumet, Inc. Following Corporate Reorganization

Adams Asset Advisors, LLC has filed an amended Schedule 13G, revealing a 6.1% passive beneficial ownership stake in Calumet, Inc. as of December 31, 2024, following a corporate reorganization.

Summary

• Adams Asset Advisors, LLC reported beneficial ownership of 5,251,160 shares of Calumet, Inc. common stock.
• This ownership represents 6.1% of the company's common stock class.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a passive investment position.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• The common stock beneficially owned were previously common units of Calumet Specialty Products Partners, L.P., which were terminated and exchanged for common stock of Calumet, Inc. as part of a corporate reorganization.
• Adams Asset Advisors, LLC holds sole voting power over 3,721,215 shares and shared voting power over 1,529,945 shares.
• Adams Asset Advisors, LLC holds sole dispositive power over 5,251,160 shares and no shared dispositive power.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of passive ownership and does not contain performance or forward-looking statements.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership and the impact of the corporate reorganization on share class.

Key Dates

Keywords

Calumet Inc., Adams Asset Advisors, Schedule 13G, Beneficial Ownership, Common Stock, Investment Advisor, Corporate Reorganization, Passive Investment, SEC Filing