SCHEDULE 13D/A: Rankin Family Group Updates Hyster-Yale Class B Stock Ownership to 95.6% in Latest SEC Filing
Beneficial Ownership Update
The Rankin family and associated entities have filed Amendment No. 13 to their Schedule 13D, updating their beneficial ownership of Hyster-Yale, Inc.'s Class B Common Stock to 95.6% as a group and detailing changes in individual holdings and partnership agreements.
Summary
- This Amendment No. 13 updates and supplements information regarding the beneficial ownership of Hyster-Yale, Inc.'s Class B Common Stock by certain signatories to the Stockholders' Agreement.
- The reporting persons, as a group, are deemed to beneficially own 3,301,718 shares of Class B Common Stock, representing 95.6% of the outstanding Class B Common as of March 12, 2025.
- Individual beneficial ownership figures for key reporting persons include Alfred M. Rankin, Jr. (3,217,230 shares, 93.1%), Victoire G. Rankin (3,217,230 shares, 93.1%), Helen R. Butler (3,205,870 shares, 92.8%), Clara T. Rankin Williams (3,203,070 shares, 92.7%), John C. Butler, Jr. (3,205,870 shares, 92.8%), and David B. Williams (3,203,070 shares, 92.7%).
- The filing includes updates to the residential addresses and current employment/roles for several individuals associated with the reporting group, such as Clara T. Rankin Williams (CEO of Clara Williams Company), Chloe R. Seelbach (not employed), Clara Rankin Butler (Associate at Christie's Auction House), Griffin B. Butler (self-employed), Scott W. Seelbach (private equity principal), Thomas Parker Rankin (Director at Altamar Capital Partners), and A. Farnham Rankin (employed at Cookson Adventures).
- The First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was amended three times: on August 8, 2023, to allow abbreviated partner names; on June 13, 2024, to eliminate Class A-1 Limited Partnership Interests; and on March 12, 2025, to add an additional limited partner.
Sentiment
Score: 5
Explanation: The document is a neutral, factual update on beneficial ownership and internal governance of a reporting group, with no positive or negative implications for the company's operational or financial performance.
Future Outlook
NA
Industry Context
This Schedule 13D amendment is a routine disclosure of beneficial ownership by a controlling shareholder group (the Rankin family and associated entities) in Hyster-Yale, Inc., a company involved in the material handling industry. Such filings are standard for significant shareholders and do not typically provide insights into broader industry trends or competitive dynamics, focusing instead on compliance with ownership reporting requirements.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Partnership Agreement Amendment | The First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was amended on August 8, 2023, to allow the use of abbreviated names of partners for record-keeping purposes. | 2023-08-08 | Minor administrative change for internal record-keeping within the reporting entity, AMR Associates, L.P. |
| Partnership Agreement Amendment | The First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was amended on June 13, 2024, to eliminate Class A-1 Limited Partnership Interests. | 2024-06-13 | Internal restructuring of partnership interests within the reporting entity, AMR Associates, L.P., potentially simplifying its capital structure. |
| Partnership Agreement Amendment | The First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was amended on March 12, 2025, to add an additional limited partner. | 2025-03-12 | Expansion of the limited partner base within the reporting entity, AMR Associates, L.P., indicating potential changes in its internal ownership structure. |
Key Dates
| Date | Description |
|---|---|
| 2012-09-12 | Original Stockholders' Agreement date. |
| 2012-12-31 | First amendment to Stockholders' Agreement. |
| 2013-01-18 | Second amendment to Stockholders' Agreement. |
| 2013-02-14 | Amendment No. 1 to Schedule 13D filed. |
| 2014-02-14 | Amendment No. 2 to Schedule 13D filed. |
| 2015-02-17 | Amendment No. 3 to Schedule 13D filed. |
| 2015-03-27 | Amendment to Stockholders' Agreement. |
| 2015-12-29 | Amendment to Stockholders' Agreement. |
| 2016-02-16 | Amendment No. 4 to Schedule 13D filed. |
| 2016-12-02 | Amendment to Stockholders' Agreement. |
| 2016-12-22 | Amendment to Stockholders' Agreement. |
| 2017-02-06 | Amendment to Stockholders' Agreement. |
| 2017-02-14 | Amendment No. 5 to Schedule 13D filed. |
| 2018-02-14 | Amendment No. 6 to Schedule 13D filed. |
| 2018-10-30 | Amendment to Stockholders' Agreement. |
| 2019-02-14 | Amendment No. 7 to Schedule 13D filed. |
| 2019-12-05 | Amendment to Stockholders' Agreement. |
| 2020-02-13 | Amendment No. 8 to Schedule 13D filed. |
| 2020-12-31 | Amendment to Stockholders' Agreement. |
| 2021-02-12 | Amendment No. 9 to Schedule 13D filed. |
| 2021-12-07 | Amendment to Stockholders' Agreement. |
| 2022-02-14 | Amendment No. 10 to Schedule 13D filed. |
| 2022-12-12 | Amendment to Stockholders' Agreement. |
| 2023-02-14 | Amendment No. 11 to Schedule 13D filed. |
| 2023-08-08 | Second Amendment to AMR Associates, L.P. Limited Partnership Agreement, allowing abbreviated partner names. |
| 2024-02-13 | Amendment No. 12 to Schedule 13D filed. |
| 2024-02-12 | Amendment to Stockholders' Agreement. |
| 2024-06-13 | Third Amendment to AMR Associates, L.P. Limited Partnership Agreement, eliminating Class A-1 Limited Partnership Interests. |
| 2025-03-12 | Date of event requiring filing of this statement; Fourth Amendment to AMR Associates, L.P. Limited Partnership Agreement, adding an additional limited partner; Date as of which beneficial ownership percentages are calculated. |
| 2025-03-14 | Date of filing of Amendment No. 13 to Schedule 13D. |
Keywords
Hyster-Yale Inc., Class B Common Stock, Schedule 13D, Beneficial Ownership, SEC Filing, Rankin Family, Stockholders' Agreement, Corporate Governance, Ownership Update, AMR Associates L.P.
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