Form 4: Chloe R. Seelbach Transfers Hamilton Beach Brands Shares to Rankin Associates HBB, L.P.
SEC Form 4 Filing
Chloe R. Seelbach, as trustee, reports the contribution of 2,933 Class B shares of Hamilton Beach Brands Holding Co to Rankin Associates HBB, L.P.
Summary
- On March 12, 2024, Chloe R. Seelbach, as trustee, filed a Form 4 with the SEC.
- The filing reports a transaction where 2,933 Class B shares of Hamilton Beach Brands Holding Co (HBB) were contributed to Rankin Associates HBB, L.P. (RA HBB).
- These shares were initially received by the Reporting Person on August 10, 2023, as a pro rata distribution from Rankin Associates II, L.P. (RA II).
- Chloe R. Seelbach is a limited partner of both RA II and RA HBB.
- The filing also includes a Power of Attorney, granting authority to several individuals to execute Section 16 filings on behalf of Chloe R. Seelbach.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership, which is common for individuals and entities with significant holdings in publicly traded companies. It doesn't necessarily indicate a strategic shift for Hamilton Beach Brands Holding Co.
Related Party Transactions
- The transaction involves a transfer of shares to Rankin Associates HBB, L.P., where Chloe R. Seelbach is a limited partner, indicating a related party transaction.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it represents a transfer of shares between related entities and does not involve a change in the overall ownership structure of Hamilton Beach Brands Holding Co.
Key Dates
| Date | Description |
|---|---|
| 12/21/2004 | Date of trust agreement between Chloe R. Seelbach and Claiborne R. Rankin for the benefit of children. |
| 04/10/2009 | Date of trust agreement between Chloe R. Seelbach for the benefit of Chloe R. Seelbach. |
| 07/23/2023 | Date of Power of Attorney execution by Chloe R. Seelbach. |
| 08/10/2023 | Date the Reporting Person received a pro rata distribution of Class B shares from Rankin Associates II, L.P. |
| 03/12/2024 | Date of transaction: contribution of Class B shares to Rankin Associates HBB, L.P. |
| 03/12/2024 | Date of Form 4 filing. |
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