SCHEDULE 13D/A: Rankin Family Updates Significant Beneficial Ownership in Hyster-Yale, Inc. Class B Stock
Amendment to Beneficial Ownership Filing
Alfred M. Rankin, Jr., Clara T. Rankin Williams, and Helen R. Butler have filed Amendment No. 12 to Schedule 13D, updating their beneficial ownership percentages in Hyster-Yale, Inc.'s Class B Common Stock and detailing recent amendments to the AMR Associates, L.P. partnership agreement.
Summary
- This document is Amendment No. 12 to the Schedule 13D filing for Hyster-Yale, Inc. (the "Issuer"), providing updated beneficial ownership information for Alfred M. Rankin, Jr., Clara T. Rankin Williams, and Helen R. Butler.
- As of March 12, 2025, Alfred M. Rankin, Jr. beneficially owns 3,217,230 shares of Class B Common Stock, representing approximately 93.1% of the outstanding Class B Common Stock.
- Clara T. Rankin Williams beneficially owns 3,203,070 shares of Class B Common Stock, constituting approximately 92.7% of the outstanding Class B Common Stock as of March 12, 2025. Her resident address and role as Chief Executive Officer of the Clara Williams Company were updated.
- Helen R. Butler beneficially owns 3,205,870 shares of Class B Common Stock, representing approximately 92.8% of the outstanding Class B Common Stock as of March 12, 2025.
- The First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. has undergone three amendments: on August 8, 2023, to allow abbreviated partner names for record keeping; 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 routine regulatory filing (Schedule 13D/A) providing factual updates on beneficial ownership and partnership agreement amendments. It contains no subjective language, forward-looking statements, or performance indicators that would suggest a positive or negative sentiment.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Partnership Agreement Amendment | Second Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was effective, allowing the use of abbreviated names of partners for record keeping purposes. | 2023-08-08 | A minor administrative change, improving record-keeping efficiency within the partnership. |
| Partnership Agreement Amendment | Third Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was effective, eliminating the Class A-1 Limited Partnership Interests. | 2024-06-13 | Simplifies the partnership structure by removing a class of interests, potentially streamlining future administration. |
| Partnership Agreement Amendment | Fourth Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was effective, adding an additional limited partner. | 2025-03-12 | Expands the partnership by including a new limited partner, which could reflect generational transfer or estate planning within the controlling family. |
Stakeholder Impact
- Shareholders: Provides updated transparency regarding the significant beneficial ownership of Class B Common Stock by the Rankin family, confirming their continued substantial control (over 92% of Class B shares).
Key Dates
| Date | Description |
|---|---|
| 1967-08-30 | Date of original trust agreement for Alfred M. Rankin, Jr. |
| 2000-09-28 | Date Main Trust of Alfred M. Rankin was created. |
| 2013-02-14 | Date of the Initial Schedule 13D filing. |
| 2014-02-14 | Date Amendment No. 1 to Schedule 13D was filed. |
| 2015-02-17 | Date Amendment No. 2 to Schedule 13D was filed. |
| 2016-02-16 | Date Amendment No. 3 to Schedule 13D was filed. |
| 2017-02-14 | Date Amendment No. 4 to Schedule 13D was filed. |
| 2018-02-14 | Date Amendment No. 5 to Schedule 13D was filed. |
| 2019-02-14 | Date Amendment No. 6 to Schedule 13D was filed. |
| 2020-02-13 | Date Amendment No. 7 to Schedule 13D was filed. |
| 2021-02-12 | Date Amendment No. 8 to Schedule 13D was filed. |
| 2022-02-14 | Date Amendment No. 9 to Schedule 13D was filed. |
| 2023-02-14 | Date Amendment No. 10 to Schedule 13D was filed. |
| 2023-08-08 | Effective date of the Second Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P., allowing abbreviated names of partners. |
| 2024-02-13 | Date Amendment No. 11 to Schedule 13D was filed. |
| 2024-06-13 | Effective date of the Third Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P., eliminating Class A-1 Limited Partnership Interests. |
| 2025-03-12 | Date of event requiring filing, specifically the Fourth Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P., adding an additional limited partner. |
| 2025-03-14 | Date the Schedule 13D Amendment No. 12 was signed. |
Keywords
Hyster-Yale Inc., Class B Common Stock, Schedule 13D, Beneficial Ownership, SEC Filing, Rankin Family, Corporate Governance, Partnership Agreement, Ownership Structure
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