STEEL PARTNERS HOLDINGS L.P. (NYSE:SPLP) Files An 8-K Other Events
Item 8.01. Other Events.
On December 7, 2016, the Board of Directors of the general
partner of Steel Partners Holdings L.P. (the Company) approved
the repurchase of up to 2,000,000 of the Companys common units
(the Repurchase Program). The Repurchase Program supersedes and
cancels, to the extent any amounts remain available, all
previously approved repurchase programs. Any purchases made under
the Repurchase Program will be made from time to time on the open
market at prevailing market prices or in negotiated transactions
off the market, in compliance with applicable laws and
regulations. In connection with the Repurchase Program, the
Company may enter into a Stock Purchase Plan in conformity with
the provisions of Rule 10b5-1 and Rule 10b-18 promulgated under
the Securities Exchange Act of 1934, as amended (the Exchange
Act). The Repurchase Program has no termination date.
On December 8, 2016, the Company issued a press release providing
information regarding an inducement grant to William Fejes, Jr.
in accordance with New York Stock Exchange Rule 303A.08. A copy
of the press release is filed as Exhibit 99.1 to this Current
Report on Form 8-K, and the information contained therein is
incorporated herein by reference.
Item 9.0Financial Statements and
Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1 |
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Press Release of Steel Partners Holdings L.P., dated |
About STEEL PARTNERS HOLDINGS L.P. (NYSE:SPLP)
Steel Partners Holdings L.P. (SPLP) is a diversified holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests. The Company owns and operates businesses, and has investments in companies, in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. The Company’s segments are Diversified Industrial, Energy, Financial Services, and Corporate and Other. The Company’s Diversified Industrial segment consists of its Handy & Harman Ltd. (HNH) and WebFinancial Holding LLC (WFH LLC). The Company’s Energy Segment includes the operations of Steel Excel, Inc. (Steel Excel). The Financial Services segment consists of the Company’s subsidiary, WebFinancial Corporation (WFHC), which conducts financial operations through its subsidiary, WebBank, and WF Asset Corp. STEEL PARTNERS HOLDINGS L.P. (NYSE:SPLP) Recent Trading Information
STEEL PARTNERS HOLDINGS L.P. (NYSE:SPLP) closed its last trading session up +0.45 at 15.30 with 29,811 shares trading hands.