SCHEDULE 13G/A: D. E. Shaw & Co. Updates Passive Stake in Enviri Corporation, Holding 6.7% of Common Stock
Amendment to Beneficial Ownership Statement
D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw have filed an amended Schedule 13G, disclosing their passive beneficial ownership in Enviri Corporation's common stock as of March 31, 2025.
Summary
- D. E. Shaw & Co., L.P. reported beneficial ownership of 5,352,859 shares of Enviri Corporation's common stock, representing 6.7% of the class.
- D. E. Shaw & Co., L.L.C. reported beneficial ownership of 4,824,221 shares, representing 6.0% of the class.
- David E. Shaw reported beneficial ownership of 5,352,859 shares, also representing 6.7% of the class, through his positions with D. E. Shaw entities, though he disclaims direct beneficial ownership.
- The reported ownership is passive, as certified by the reporting persons, stating the securities were not acquired or held for the purpose of changing or influencing the control of Enviri Corporation.
- The filing is an Amendment No. 2 to a previously filed Schedule 13G, updating the beneficial ownership information as of March 31, 2025.
- The beneficial ownership includes shared voting power of 5,337,259 shares for D. E. Shaw & Co., L.P. and David E. Shaw, and 4,824,221 shares for D. E. Shaw & Co., L.L.C.
- Shared dispositive power is reported as 5,352,859 shares for D. E. Shaw & Co., L.P. and David E. Shaw, and 4,824,221 shares for D. E. Shaw & Co., L.L.C.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory filing disclosing beneficial ownership. It contains no subjective statements or performance data that would indicate a positive or negative sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by an institutional investor, D. E. Shaw & Co., regarding its passive stake in Enviri Corporation. It reflects a standard regulatory requirement for investors holding more than 5% of a company's outstanding shares and does not inherently indicate broader industry trends or competitive positioning beyond the disclosed ownership.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | David E. Shaw updated and replaced previous Powers of Attorney, granting authority to several individuals, including Daniel Marcus, to execute and file regulatory documents on his behalf for D. E. Shaw & Co., Inc. and D. E. Shaw & Co. II, Inc. | 2024-08-01 | Streamlines the process for D. E. Shaw's compliance with SEC and other regulatory filing requirements by formalizing the authority of key personnel. |
| Joint Filing Agreement | D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw entered into a Joint Filing Agreement to collectively file the Schedule 13G/A. | 2025-05-15 | Ensures compliance with SEC rules for group filings, simplifying the reporting process for related entities and individuals acting in concert. |
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership by D. E. Shaw & Co. in Enviri Corporation, confirming that the stake is not intended to influence control.
Key Dates
| Date | Description |
|---|---|
| 2017-03-01 | Previous Power of Attorney granted by David E. Shaw, which is now cancelled. |
| 2024-08-01 | Effective date of new Powers of Attorney granted by David E. Shaw for regulatory filings. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date for ownership). |
| 2025-05-15 | Date of signing and filing of the Schedule 13G/A and Joint Filing Agreement. |
Keywords
Enviri Corporation, D. E. Shaw & Co., Schedule 13G/A, Beneficial Ownership, Common Stock, Passive Investment, Institutional Investor, SEC Filing, Investment Management
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.