SCHEDULE: Wynnchurch Capital Reports 0% Stake in Latham Group

Wynnchurch Capital entities and individuals report no direct beneficial ownership of Latham Group's common stock as of February 24, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership reporting for Latham Group, Inc. common stock.
• The reporting persons, including various Wynnchurch Capital entities and individuals, collectively report 0.00 shares of common stock beneficially owned.
• This signifies that these entities and individuals no longer hold direct beneficial ownership of the company's common stock.
• The filing notes that Wynnchurch Partners IV, L.P. is the general partner of Wynnchurch Capital Partners IV, L.P. and WC Partners Executive IV, L.P.
• Wynnchurch Capital, L.P. acts as the investment adviser to these entities.
• The key individuals controlling Wynnchurch Capital, L.P. are Christopher P. O'Brien, Gregory B. Gleason, John A. Hatherly, and Francis G. Hayes.
• A stockholders agreement dated April 27, 2021, between Pamplona Capital Partners V, L.P. and the Wynnchurch Funds (Wynnchurch Capital Partners IV, L.P. and WC Partners Executive IV, L.P.) is mentioned.
• This agreement involves voting their shares to elect board members, and the reporting persons may be deemed to beneficially own shares owned by the Wynnchurch Funds due to this relationship, or constitute a 'group' with them.
• However, each reporting person disclaims beneficial ownership of shares beneficially owned by the Pamplona Fund.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a negative sentiment due to the complete divestment of direct ownership by a significant investment entity, which could signal a lack of confidence or a strategic exit.

Negatives

• The reporting persons have divested their direct beneficial ownership of Latham Group's common stock, holding 0% as of the filing date.

Risks

• The filing does not explicitly mention any risks. However, the complete divestment of direct beneficial ownership by a significant investment entity could imply a strategic shift or a lack of confidence in future performance, which could be perceived as a risk by the market.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding future performance.

Management Comments

• Shares of Common Stock are no longer held directly by Wynnchurch Capital Partners IV, L.P.
• Wynnchurch Partners IV, L.P. is the general partner of Wynnchurch Capital Partners IV, L.P.
• Wynnchurch Capital, L.P. is the investment adviser to Wynnchurch Capital Partners IV, L.P.
• Wynnchurch Capital, L.P. is principally owned and controlled by Christopher P. O'Brien, Gregory B. Gleason, John A. Hatherly and Francis G. Hayes.
• Because of the relationship between the Pamplona Fund and the Wynnchurch Funds as a result of the Stockholders Agreement, the Reporting Persons may be deemed, pursuant to Rule 13d-3 under the Act, to beneficially own the shares of Common Stock beneficially owned by the Wynnchurch Funds and/or to constitute a 'group' with the Wynnchurch Funds.
• Each Reporting Person disclaims beneficial ownership of the shares of Common Stock beneficially owned by the Pamplona Fund.

Industry Context

StockSavvy.ai notes that Schedule 13G filings typically report passive ownership stakes of 5% or more. The complete divestment of direct ownership by entities associated with Wynnchurch Capital, a private equity firm, suggests a potential exit from their investment in Latham Group or a restructuring of their holdings. This is a significant development for a company that has previously had substantial investment from such firms.

Related Party Transactions

• The Stockholders Agreement dated April 27, 2021, between Pamplona Capital Partners V, L.P. and the Wynnchurch Funds (Wynnchurch Capital Partners IV, L.P. and WC Partners Executive IV, L.P.) outlines agreements regarding the voting of shares to elect board members. This creates a relationship where the reporting persons may be deemed to beneficially own shares owned by the Wynnchurch Funds or constitute a 'group' with them.

Stakeholder Impact

• Shareholders: The complete divestment of direct ownership by Wynnchurch Capital entities may lead to market speculation about the company's future prospects or strategic direction.
• Management: The absence of a significant institutional investor may alter board dynamics, particularly concerning the election of directors as previously influenced by the stockholders agreement.

Key Dates

Recommendation

The filing indicates a complete divestment of direct beneficial ownership by Wynnchurch Capital entities, which is a significant change. While this could be interpreted negatively, it does not provide enough information about the company's current financial health or future prospects to warrant a strong buy or sell recommendation. A 'hold' allows investors to await further developments or disclosures.

Keywords

Latham Group, Schedule 13G, Wynnchurch Capital, Beneficial Ownership, SEC Filing, Stockholders Agreement, Investment Adviser, Cayman Islands, Delaware, Common Stock