Articles from Steel Partners Holdings L.P.

Steel Partners Holdings L.P. (“Steel”) and Camac Partners LLC (“Camac”), which together with their affiliates are shareholders of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), today released a letter they sent to the Company’s Board of Directors (the “Board”) proposing to acquire all outstanding shares of Class A and Class B common stock of TuSimple that they do not currently own for $0.46 per share. The full text of the letter is below.

Steel Partners Holdings L.P. (NYSESPLP) (the “Company”), a diversified global holding company, today announced operating results for the third quarter ended September 30, 2024. The financial results of Steel Connect, Inc. ("Steel Connect" or "STCN") have been included in the Company's consolidated financial statements since May 1, 2023.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable December 15, 2024, to unitholders of record as of December 1, 2024, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Steel Partners Holdings L.P. (NYSESPLP) (the “Company”) is pleased to announce that the Superior Court of New Jersey dismissed attorney Michael MacManus’s claim of age discrimination in the matter of Michael MacManus vs. Steel Services, Ltd. following a court hearing on August 29, 2024 regarding the Company’s motion for summary judgment.

Steel Partners Holdings L.P. (NYSESPLP) (the “Company”), a diversified global holding company, today announced operating results for the first quarter ended March 31, 2024. The financial results of Steel Connect, Inc. ("Steel Connect" or "STCN") have been included in the Company's consolidated financial statements since May 1, 2023.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable June 15, 2024, to unitholders of record as of June 1, 2024, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein. The letter can be accessed at https://ir.steelpartners.com/investor-letters. The annual letter includes reviews of the Company's 2023 financial results, provides highlights and updates from the Company's holdings, and discusses the philosophy and strategy going forward.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the fourth quarter and year ended December 31, 2023. The financial results of Steel Connect, Inc. ("Steel Connect" or "STCN") have been included in the Company's consolidated financial statements since the exchange transaction on May 1, 2023.

Steel Partners Holdings L.P. (NYSESPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will abandon its previously announced 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”). The Reverse/Forward Unit Split was previously extended on January 8, 2024 and was expected to become effective on January 11, 2024.

Steel Partners Holdings L.P. (NYSESPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will extend the effective date of its previously announced 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”). The Reverse Unit Split is now expected to become effective as of 5:00 p.m. Eastern Time on January 11, 2024, and immediately thereafter, the Forward Unit Split is expected to become effective as of 5:01 p.m. Eastern Time on January 11, 2024 (as it may be further extended, the “Effective Date”). The Company reserves the right to abandon, modify or extend the Reverse/Forward Unit Split at any time prior to the Effective Date.

Steel Partners Holdings L.P. (NYSESPLP), a Delaware limited partnership (the “Company” or “Steel Partners”), announced today that it will effect a 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”). The Reverse Unit Split is expected to become effective as of 5:00 p.m. Eastern Time on January 8, 2024, and immediately thereafter, the Forward Unit Split is expected to become effective as of 5:01 p.m. Eastern Time on January 8, 2024 (as it may be extended, the “Effective Date”). The Company Common Units will continue to trade on The New York Stock Exchange (“NYSE”) under the existing symbol “SPLP” and is expected to begin trading on a split-adjusted basis when the market opens on January 9, 2024. The Company Common Units will be assigned a new CUSIP number following the Reverse/Forward Unit Split. Certain holders of the Company’s Common Units who are employees will have their Company Common Units excluded from the Reverse/Forward Unit Split. The Company reserves the right to abandon the Reverse/Forward Unit Split at any time prior to the Effective Date. If the Company extends the Effective Date to a later date, the Company will disclose such extension via press release and/or a current report on Form 8-K prior to the Effective Date.

Steel Partners Holdings L.P. (NYSESPLP) (the “Company”), a diversified global holding company, today announced operating results for the third quarter ended September 30, 2023. The financial results of Steel Connect, Inc. ("Steel Connect" or "STCN") have been included in the Company's consolidated financial statements since the exchange transaction on May 1, 2023.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the second quarter ended June 30, 2023. The financial results of Steel Connect, Inc. ("Steel Connect" or "STCN") have been included in the Company's consolidated financial statements since the exchange transaction on May 1, 2023.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced the appointment of Ryan O’Herrin as Chief Financial Officer.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced the appointment of Joseph Martin as Chief Administrative Officer and Chief Legal Officer and Maria Reda as General Counsel. These appointments will further strengthen the company's strategic planning, administrative, and legal functions, supporting its growth and success.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the first quarter ended March 31, 2023.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. NASDAQ: STCNNASDAQSTCN)

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein. The letter can be accessed at https://ir.steelpartners.com/static-files/b12fc416-2410-430f-9b54-f29fd8587885. The annual letter includes reviews of the Company's 2022 financial results, provides highlights and updates from the Company's holdings, and discusses the philosophy and strategy going forward.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the fourth quarter and year ended December 31, 2022.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable March 15, 2023, to unitholders of record as of March 1, 2023, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Steel Partners Holdings L.P. (NYSESPLP) and Steel Sports are thrilled to announce OMG Inc. as the winner of the 2022 Kids First Cup.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the third quarter ended September 30, 2022.

Steel Partners Holdings L.P. (NYSESPLP) (the “Partnership) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/splp.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the second quarter ended June 30, 2022.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.6% of the Company's outstanding shares, today issued the below statement ahead of a special meeting of shareholders (the “Special Meeting”) scheduled to be held on June 30, 2022. As a reminder, Mr. Lichtenstein is seeking support on the GREEN Proxy Card to elect his refreshed slate of highly qualified candidates to the Company’s Board of Directors (the “Board”). Learn more about the slate and its plan for enhanced value creation by visiting www.SaveAerojet.com.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company (“Steel Partners”), today announced with great sadness the death of longtime Board of Directors member General Richard I. “Butch” Neal, USMC (Ret). General Neal served on the board of Steel Partners since July 15, 2009, and he was a member of both the Audit Committee and Governance and Nominating Committee.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.6% of the Company's outstanding shares, issued the below statement in connection with the recent report from Institutional Shareholder Services, Inc. (“ISS”) and his campaign to elect a recently refreshed slate of highly qualified candidates to the Company’s Board of Directors (the “Board”) at the special meeting of shareholders (the “Special Meeting”) set for June 30, 2022:

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.6% of the Company's outstanding shares, issued the below statement in connection with his campaign to elect a recently refreshed slate of highly qualified candidates to the Company’s Board of Directors (the “Board”) at a special meeting of shareholders (the “Special Meeting”) on June 30, 2022.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.6% of the Company's outstanding shares, today issued the below statement ahead of a special meeting of shareholders (the “Special Meeting”) scheduled to be held on June 30, 2022. As a reminder, Mr. Lichtenstein is seeking support on the GREEN Proxy Card to elect his recently refreshed slate of highly qualified candidates to the Company’s Board of Directors (the “Board”). Learn more about the slate and its plan for enhanced value creation by visiting www.SaveAerojet.com.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.6% of the Company's outstanding shares, today sent the below letter to shareholders in connection with a special meeting of shareholders (the “Special Meeting”) scheduled to be held on June 30, 2022. Mr. Lichtenstein is seeking support on the GREEN Proxy Card to elect his recently refreshed slate of highly qualified candidates to the Company’s Board of Directors (the “Board”). Learn more about the slate and its plan for enhanced value creation by visiting www.SaveAerojet.com.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.6% of the Company's outstanding shares, today released a presentation that details the case for new leadership following approximately 18 months of financial and operational deterioration. The presentation, available at www.SaveAerojet.com/resources includes Chief Executive Officer candidate Mark Tucker’s vision and strategy. As a reminder, Mr. Lichtenstein is asking shareholders to vote on the GREEN proxy card to elect his refreshed eight-member slate, which includes himself, Mr. Tucker and six other candidates: Hon. Tina Jonas, Joanne Maguire, Aimee Nelson, Martin Turchin, Vice Admiral Mathias Winter and Heidi Wood.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.5% of the Company's outstanding shares, today issued the following statement regarding the trial pertaining to Aerojet Rocketdyne Chief Executive Officer Eileen Drake’s alleged misuse of corporate resources, which concluded yesterday in the Delaware Court of Chancery (the “Court”):

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.5% of the Company's outstanding shares, issued the following statement regarding the trial of Aerojet Rocketdyne CEO Eileen Drake for misusing corporate resources, which starts today in the Delaware Court of Chancery (the “Court”):

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.5% of the Company's outstanding shares, today announced that his slate of seven highly qualified director candidates (collectively, the “Lichtenstein Slate”) has recruited Mark Tucker to serve as its Chief Executive Officer candidate to replace current Chief Executive Officer Eileen Drake. If elected to the Board of Directors by Aerojet Rocketdyne’s shareholders, the Lichtenstein Slate expects to take the steps necessary to appoint Mr. Tucker as Chief Executive Officer and task him with fortifying the management team and overseeing operational and financial improvements. Mr. Tucker previously served as the Company’s Chief Operating Officer from 2015 through 2020, which was a period of significant growth and shareholder value creation. He has more than 35 years of experience in the defense and space sectors, including holding senior roles at Northrop Grumman Corporation.

Steel Partners Holdings L.P. (NYSESPLP) (“SPLP” or the “Company”), a global diversified holding company, through its wholly owned subsidiary Steel Excel, Inc. (“Steel Excel”) today announced the final results of its previously announced modified “Dutch Auction” tender offer (the “Offer”) to purchase for cash up to $100 million in value of its common units, no par value, at a price per unit of not less than $40.00 nor greater than $42.00 per unit that expired at 5:00 P.M. Eastern Time on May 13, 2022.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.2% of the Company's outstanding shares, commented on the conclusions outlined in the memorandum delivered to him and Chief Executive Officer Eileen Drake regarding the summarized determinations of the Non-Management Committee of the Board of Directors (the “Committee”). As a reminder, the Committee was carrying out a costly, distracting and months-long investigation into Mr. Lichtenstein that was initiated by Ms. Drake.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who, collectively with his affiliates and the participants in his solicitation, owns approximately 5.2% of the Company's outstanding shares, today announced his firm commitment to agree to schedule Aerojet Rocketdyne’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) on July 12, 2022, without any attached conditions.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who, collectively with his affiliates and the participants in his solicitation, owns approximately 5.2% of the Company's outstanding shares, today commented on Eileen Drake’s efforts to call a Special Meeting of Stockholders (the “Special Meeting”):

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the first quarter ended March 31, 2022.

Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who, collectively with his affiliates and the participants in his solicitation, owns approximately 5.2% of the Company's outstanding shares, today called on the Company’s Board of Directors (the "Board") to authorize the public release of the memorandum delivered to him and Eileen Drake summarizing the findings and conclusions of the Non-Management Committee of the Board on the months-long investigation into Mr. Lichtenstein’s actions.

Steel Partners Holdings L.P. (NYSESPLP) (“SPLP” or “the Company”), a global diversified holding company, through its wholly owned subsidiary Steel Excel, Inc. (“Steel Excel”) today announced that it has extended the expiration date of its previously announced modified “Dutch Auction” tender offer (the “Offer”) to purchase for cash up to $100 million in value of its common units, no par value, at a price per unit of not less than $40.00 nor greater than $42.00 per unit.

Warren Lichtenstein, who is the Executive Chairman of Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) and collectively with his affiliates and the participants in his solicitation owns approximately 5.2% of the Company's outstanding shares, today announced that he and SPH Group Holdings, LLC have filed a complaint in the United States District Court for the Central District of California against Aerojet Rocketdyne Chief Executive Officer Eileen Drake and her slate of director nominees, which includes incumbents Kevin Chilton, Thomas Corcoran and Lance Lord. The complaint lays out Ms. Drake’s unprecedented intent to gain control over Aerojet Rocketdyne by unlawfully misleading shareholders in several circumstances, including in the preliminary proxy materials (“the Drake Proxy”). The full complaint can be read here.

Warren Lichtenstein, who is the Executive Chairman of the Board of Directors (the “Board”) of Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”), and who, collectively with his affiliates and the participants in his solicitation, owns approximately 5.2% of the Company's outstanding shares and has nominated seven highly qualified candidates for election to the Board at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”), today issued the below letter in his personal capacity.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced that it has closed on its previously announced transaction for the sale of its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (Nasdaq: AEIS). SL Power Electronics Corporation designs, manufactures, and markets power conversion solutions for original equipment manufacturers in the medical, lighting, audio-visual, controls, and industrial sectors. The total consideration for the sale was approximately $144.5 million, subject to purchase price adjustments customary for this type of transaction.

Steel Partners Holdings L.P. (NYSESPLP) (“SPLP” or “the Company”), a global diversified holding company, through its wholly owned subsidiary Steel Excel, Inc. (“Steel Excel”) today announced that its Board of Directors has authorized a modified “Dutch Auction” tender offer (the “Offer”) to purchase for cash up to $100 million in value of its common units, no par value, at a price per unit of not less than $40.00 nor greater than $42.00 per unit. The closing price of SPLP’s common units on April 6, 2022 was $40.54.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced that it has entered into an agreement to sell its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (Nasdaq: AEIS). SL Power Electronics Corporation designs, manufactures, and markets power conversion solutions for original equipment manufacturers in the medical, lighting, audio-visual, controls, and industrial sectors. The total consideration for the sale is approximately $144.5 million, subject to purchase price adjustments customary for this type of transaction.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced the appointment of Stephanie McKinney as Chief Human Resources Officer.

Steel Partners Holdings L.P. (together with its affiliates, “Steel Partners” or “we”), which owns approximately 5.2% of the outstanding shares of Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) and has nominated seven highly qualified candidates for election to the Company’s Board of Directors (the “Board”) at the 2022 Annual Meeting of Shareholders, today issued the following statement regarding the outcome of this week's hearing in the Delaware Court of Chancery (the “Court”):

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein. The letter can be accessed at https://ir.steelpartners.com/static-files/5629fbba-b12f-4d7c-8312-293fc2fc03fd. The annual letter includes reviews of the Company's 2021 financial results, provides highlights and updates from the Company's holdings, and discusses the philosophy and strategy going forward.

Steel Partners Holdings L.P. (together with its affiliates, “Steel Partners” or “we”), which owns approximately 5.2% of the outstanding shares of Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) and has nominated seven highly qualified candidates for election to the Company’s Board of Directors (the “Board”) at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”), today issued the following letter:

Steel Partners Holdings L.P. (together with its affiliates, “Steel Partners” or “we”), which owns approximately 5.2% of the outstanding shares of Aerojet Rocketdyne Holdings, Inc. (NYSEAJRD) (“Aerojet Rocketdyne” or the “Company”) and has nominated seven highly qualified candidates for election to the Company’s Board of Directors (the “Board”) at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”), today provided an update pertaining to the legal proceeding initiated in the Delaware Court of Chancery (the “Court”) by four members of its slate – sitting Board members Warren G. Lichtenstein, James R. Henderson, Audrey A. McNiff and Martin Turchin – against Chief Executive Officer and Director Eileen Drake, Director Thomas Corcoran, Director Kevin Chilton and Director Lance Lord:

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $0.375 per unit, payable March 15, 2022, to unitholders of record as of March 1, 2022, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced it has amended and extended its credit agreement with a syndicate of banks led by PNC Bank, National Association. The new five-year, $600 million, revolving credit facility covers substantially all SPLP entities, with the exception of Steel Partners’ WebBank subsidiary. The credit facility includes:

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the third quarter ended September 30, 2021.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the second quarter ended June 30, 2021.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the first quarter ended March 31, 2021.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $0.375 per unit, payable June 15, 2021, to unitholders of record as of June 1, 2021, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein. The letter can be accessed at https://ir.steelpartners.com/static-files/cf744e81-03da-4833-b7bb-357f56fab5a2. The annual letter includes reviews of the Company's 2020 financial results, provides highlights and updates from the Company's holdings, and discusses the philosophy and strategy going forward.

Steel Partners Holdings L.P. (NYSESPLP) today announced Jason Wong’s appointment as Chief Financial Officer, replacing Doug Woodworth.

Steel Partners Holdings L.P. (NYSESPLP), a diversified global holding company, today announced operating results for the fourth quarter and year ended December 31, 2020.