SCHEDULE 13G/A: Sun Capital Affiliates Disclose 9.7% Passive Stake in Vince Holding Corp.
Beneficial Ownership Disclosure
A group of entities and individuals affiliated with Sun Capital Partners, including Marc J. Leder and Rodger R. Krouse, have filed an amended Schedule 13G disclosing a collective passive beneficial ownership of 9.7% of Vince Holding Corp.'s common stock.
Summary
- This document is Amendment No. 4 to a Schedule 13G filing by a group of Reporting Persons affiliated with Sun Capital Partners.
- The Reporting Persons collectively beneficially own 1,247,767 shares of Vince Holding Corp. Common Stock.
- This aggregate ownership represents approximately 9.7% of the total 12,843,067 shares outstanding as of April 21, 2025, as disclosed in Vince Holding Corp.'s Annual Report on Form 10-K filed on May 2, 2025.
- The shares are directly held by three entities: Sun Cardinal, LLC (925,993 shares or 7.2%), SCSF Cardinal, LLC (309,239 shares or 2.4%), and SK Financial Services, LLC (12,535 shares or 0.1%).
- Marc J. Leder and Rodger R. Krouse, through their control of various Sun Capital entities, have shared voting and dispositive power over these shares.
- The filing indicates a passive investment intent, as it is a Schedule 13G filed under Rule 13d-1(c).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G/A) disclosing passive beneficial ownership, providing factual information without expressing positive or negative sentiment about the company's performance or outlook.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The document details a complex, inter-related ownership structure where various entities (SK Financial Services, LLC; Sun Cardinal, LLC; SCSF Cardinal, LLC; Sun Capital Partners V, L.P.; Sun Capital Advisors V, L.P.; Sun Capital Partners V, Ltd.; Sun Capital Securities Offshore Fund, Ltd.; Sun Capital Securities Fund, LP; Sun Capital Securities, LLC; Sun Capital Securities Advisors, LP) are controlled by Marc J. Leder and Rodger R. Krouse through revocable trusts and general partner relationships. This establishes them as a 'group' for reporting purposes and highlights the interconnected nature of the reporting entities. However, the filing does not describe specific financial transactions between these parties and Vince Holding Corp. or among themselves beyond the ownership structure.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership by a group of institutional investors and individuals, which can influence market perception of the stock's liquidity and control.
Key Dates
| Date | Description |
|---|---|
| 02/13/2017 | Date of the Joint Filing Agreement among the Reporting Persons. |
| 03/31/2025 | Date of the event which required the filing of this statement. |
| 04/21/2025 | Date as of which 12,843,067 shares of Common Stock were outstanding, used for percentage calculations. |
| 05/02/2025 | Date Vince Holding Corp.'s Annual Report on Form 10-K was filed with the SEC, disclosing shares outstanding. |
| 05/15/2025 | Date of signatures for this Schedule 13G/A filing. |
Keywords
Vince Holding Corp, Sun Capital Partners, Schedule 13G, Beneficial Ownership, Passive Investment, SEC Filing, Common Stock, Institutional Ownership, Marc J. Leder, Rodger R. Krouse
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