[SCHEDULE 13G/A] Ecovyst Inc. SEC Filing
Hotchkis and Wiley Capital Management, LLC reports beneficial ownership of 11,218,795 shares of Ecovyst Inc. common stock, representing 9.56% of the class. The filing states HWCM has sole dispositive power over 11,218,795 shares and sole voting power over 10,093,395 shares, with 0 shares shown as shared voting or dispositive power. The filing notes the shares are owned of record by HWCM clients and that certain clients have retained voting power, so HWCM can dispose of more shares than it can vote. HWCM certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control.
Hotchkis and Wiley Capital Management, LLC comunica la titolarit脿 beneficiaria di 11,218,795 azioni ordinarie di Ecovyst Inc., pari al 9.56% della classe. Il deposito indica che HWCM ha la disponibilit脿 esclusiva su 11,218,795 azioni e il diritto di voto esclusivo su 10,093,395 azioni, mentre sono 0 le azioni indicate come con diritto di voto o di disposizione condiviso. Nel documento si specifica che le azioni risultano intestate a clienti HWCM e che alcuni clienti hanno mantenuto il diritto di voto, pertanto HWCM pu貌 disporre di pi霉 azioni di quante ne possa votare. HWCM certifica che i titoli sono stati acquisiti e sono detenuti nell'ordinario svolgimento dell'attivit脿 e non con l'obiettivo di modificare il controllo.
Hotchkis and Wiley Capital Management, LLC informa la propiedad beneficiaria de 11,218,795 acciones ordinarias de Ecovyst Inc., que representan el 9.56% de la clase. La presentaci贸n indica que HWCM tiene el poder exclusivo de disposici贸n sobre 11,218,795 acciones y el poder de voto exclusivo sobre 10,093,395 acciones, y que hay 0 acciones registradas con poder de voto o de disposici贸n compartido. El documento se帽ala que las acciones est谩n registradas a nombre de clientes de HWCM y que ciertos clientes han retenido el poder de voto, por lo que HWCM puede disponer de m谩s acciones de las que puede votar. HWCM certifica que los valores fueron adquiridos y se mantienen en el curso ordinario del negocio y no con el prop贸sito de cambiar el control.
Hotchkis and Wiley Capital Management, LLC電� Ecovyst Inc. 氤错喌欤� 11,218,795欤�(頃措嫻 韥措灅鞀れ潣 9.56%)鞐� 雽�頃� 鞁れ鞝� 氤挫湢毳� 氤搓碃頃╇媹雼�. 鞝滌稖 靹滊鞐� 霐半ゴ氅� HWCM鞚� 11,218,795欤检棎 雽�頃� 雼弲 觳橂秳甓�鞚�, 10,093,395欤检棎 雽�頃� 雼弲 鞚橁舶甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅�, 瓿惦彊 鞚橁舶甓� 霕愲姅 觳橂秳甓岇溂搿� 響滌嫓霅� 欤检嫕鞚� 0欤检瀰雼堧嫟. 靹滊鞐愲姅 頃措嫻 欤检嫕霌れ澊 霌标赴靸� HWCM 瓿犼皾 氇呾潣搿� 氤挫湢霅橃柎 鞛堦碃 鞚茧秬 瓿犼皾鞚� 鞚橁舶甓岇潉 鞙犾頃橁碃 鞛堨柎 HWCM鞚� 鞚橁舶頃� 靾� 鞛堧姅 欤检嫕氤措嫟 雿� 毵庫潃 欤检嫕鞚� 觳橂秳頃� 靾� 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. HWCM鞚� 鞚� 歃濌秾霌れ澊 鞓侅梾靸侅潣 韱奠儊鞝侅澑 瓯半灅 瓿检爼鞐愳劀 旆摑路氤挫湢霅� 瓴冹澊氅� 瓴届榿甓� 氤�瓴届潉 氇╈爜鞙茧 頃橃 鞎婌晿鞚岇潉 歃濍獏頃╇媹雼�.
Hotchkis and Wiley Capital Management, LLC d茅clare d茅tenir la propri茅t茅 b茅n茅ficiaire de 11,218,795 actions ordinaires d'Ecovyst Inc., soit 9.56% de la cat茅gorie. Le d茅p么t indique que HWCM dispose du pouvoir de disposition exclusif sur 11,218,795 actions et du pouvoir de vote exclusif sur 10,093,395 actions, et qu'aucune action n'est indiqu茅e comme faisant l'objet d'un pouvoir de vote ou de disposition partag茅 (0). Le document pr茅cise que les actions sont inscrites au nom de clients de HWCM et que certains clients ont conserv茅 le pouvoir de vote, de sorte que HWCM peut disposer d'un plus grand nombre d'actions qu'il ne peut en voter. HWCM certifie que les titres ont 茅t茅 acquis et sont d茅tenus dans le cours normal des affaires et non dans le but de modifier le contr么le.
Hotchkis and Wiley Capital Management, LLC meldet eine wirtschaftliche Beteiligung an 11,218,795 Stammaktien von Ecovyst Inc., was 9.56% der Klasse entspricht. Die Meldung f眉hrt aus, dass HWCM 眉ber 11,218,795 Aktien die ausschlie脽liche Verf眉gungsmacht und 眉ber 10,093,395 Aktien das ausschlie脽liche Stimmrecht besitzt; f眉r 0 Aktien wird ein gemeinsames Stimm- oder Verf眉gungsrecht angegeben. In der Einreichung wird darauf hingewiesen, dass die Aktien im Register auf HWCM-Kunden eingetragen sind und einige Kunden das Stimmrecht behalten haben, sodass HWCM mehr Aktien ver盲u脽ern kann, als es abstimmen kann. HWCM best盲tigt, dass die Wertpapiere im normalen Gesch盲ftsgang erworben und gehalten werden und nicht zum Zweck der Kontrolle erworben wurden.
- Material disclosed stake: Beneficial ownership of 11,218,795 shares, representing 9.56% of the class
- Sole dispositive power: HWCM reports sole dispositive authority over all 11,218,795 shares it beneficially owns
- Voting limitation: Sole voting power covers 10,093,395 shares, less than dispositive power, because certain clients retained voting rights
- No shared voting/dispositive power: The filing shows 0 shared voting and dispositive power, indicating limited coordinated voting alliances disclosed here
Insights
TL;DR: HWCM holds a material passive stake (9.56%) with dispositive control but limited voting reach due to client voting retention.
From a securities-analysis perspective, a 9.56% beneficial stake is material and must be monitored by investors and the market for potential trading interest. The filing clarifies that HWCM has sole dispositive power over 11,218,795 shares but slightly less sole voting power (10,093,395), reflecting client-held voting rights. The adviser characterizes the position as held in the ordinary course and not intended to influence control, which is consistent with a passive 13G filing posture rather than an active 13D strategy.
TL;DR: Governance impact appears limited鈥擧WCM can trade shares but client voting retention constrains its direct influence.
From a governance standpoint, the distinction between dispositive and voting power matters: HWCM can dispose of the full 11,218,795 shares but cannot vote all of them because some clients retained voting authority. That arrangement reduces HWCM's ability to unilaterally influence corporate votes despite a sizable economic stake. The filing鈥檚 certification that the stake is not intended to change control supports a passive profile, though the position remains material to shareholder composition.
Hotchkis and Wiley Capital Management, LLC comunica la titolarit脿 beneficiaria di 11,218,795 azioni ordinarie di Ecovyst Inc., pari al 9.56% della classe. Il deposito indica che HWCM ha la disponibilit脿 esclusiva su 11,218,795 azioni e il diritto di voto esclusivo su 10,093,395 azioni, mentre sono 0 le azioni indicate come con diritto di voto o di disposizione condiviso. Nel documento si specifica che le azioni risultano intestate a clienti HWCM e che alcuni clienti hanno mantenuto il diritto di voto, pertanto HWCM pu貌 disporre di pi霉 azioni di quante ne possa votare. HWCM certifica che i titoli sono stati acquisiti e sono detenuti nell'ordinario svolgimento dell'attivit脿 e non con l'obiettivo di modificare il controllo.
Hotchkis and Wiley Capital Management, LLC informa la propiedad beneficiaria de 11,218,795 acciones ordinarias de Ecovyst Inc., que representan el 9.56% de la clase. La presentaci贸n indica que HWCM tiene el poder exclusivo de disposici贸n sobre 11,218,795 acciones y el poder de voto exclusivo sobre 10,093,395 acciones, y que hay 0 acciones registradas con poder de voto o de disposici贸n compartido. El documento se帽ala que las acciones est谩n registradas a nombre de clientes de HWCM y que ciertos clientes han retenido el poder de voto, por lo que HWCM puede disponer de m谩s acciones de las que puede votar. HWCM certifica que los valores fueron adquiridos y se mantienen en el curso ordinario del negocio y no con el prop贸sito de cambiar el control.
Hotchkis and Wiley Capital Management, LLC電� Ecovyst Inc. 氤错喌欤� 11,218,795欤�(頃措嫻 韥措灅鞀れ潣 9.56%)鞐� 雽�頃� 鞁れ鞝� 氤挫湢毳� 氤搓碃頃╇媹雼�. 鞝滌稖 靹滊鞐� 霐半ゴ氅� HWCM鞚� 11,218,795欤检棎 雽�頃� 雼弲 觳橂秳甓�鞚�, 10,093,395欤检棎 雽�頃� 雼弲 鞚橁舶甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅�, 瓿惦彊 鞚橁舶甓� 霕愲姅 觳橂秳甓岇溂搿� 響滌嫓霅� 欤检嫕鞚� 0欤检瀰雼堧嫟. 靹滊鞐愲姅 頃措嫻 欤检嫕霌れ澊 霌标赴靸� HWCM 瓿犼皾 氇呾潣搿� 氤挫湢霅橃柎 鞛堦碃 鞚茧秬 瓿犼皾鞚� 鞚橁舶甓岇潉 鞙犾頃橁碃 鞛堨柎 HWCM鞚� 鞚橁舶頃� 靾� 鞛堧姅 欤检嫕氤措嫟 雿� 毵庫潃 欤检嫕鞚� 觳橂秳頃� 靾� 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. HWCM鞚� 鞚� 歃濌秾霌れ澊 鞓侅梾靸侅潣 韱奠儊鞝侅澑 瓯半灅 瓿检爼鞐愳劀 旆摑路氤挫湢霅� 瓴冹澊氅� 瓴届榿甓� 氤�瓴届潉 氇╈爜鞙茧 頃橃 鞎婌晿鞚岇潉 歃濍獏頃╇媹雼�.
Hotchkis and Wiley Capital Management, LLC d茅clare d茅tenir la propri茅t茅 b茅n茅ficiaire de 11,218,795 actions ordinaires d'Ecovyst Inc., soit 9.56% de la cat茅gorie. Le d茅p么t indique que HWCM dispose du pouvoir de disposition exclusif sur 11,218,795 actions et du pouvoir de vote exclusif sur 10,093,395 actions, et qu'aucune action n'est indiqu茅e comme faisant l'objet d'un pouvoir de vote ou de disposition partag茅 (0). Le document pr茅cise que les actions sont inscrites au nom de clients de HWCM et que certains clients ont conserv茅 le pouvoir de vote, de sorte que HWCM peut disposer d'un plus grand nombre d'actions qu'il ne peut en voter. HWCM certifie que les titres ont 茅t茅 acquis et sont d茅tenus dans le cours normal des affaires et non dans le but de modifier le contr么le.
Hotchkis and Wiley Capital Management, LLC meldet eine wirtschaftliche Beteiligung an 11,218,795 Stammaktien von Ecovyst Inc., was 9.56% der Klasse entspricht. Die Meldung f眉hrt aus, dass HWCM 眉ber 11,218,795 Aktien die ausschlie脽liche Verf眉gungsmacht und 眉ber 10,093,395 Aktien das ausschlie脽liche Stimmrecht besitzt; f眉r 0 Aktien wird ein gemeinsames Stimm- oder Verf眉gungsrecht angegeben. In der Einreichung wird darauf hingewiesen, dass die Aktien im Register auf HWCM-Kunden eingetragen sind und einige Kunden das Stimmrecht behalten haben, sodass HWCM mehr Aktien ver盲u脽ern kann, als es abstimmen kann. HWCM best盲tigt, dass die Wertpapiere im normalen Gesch盲ftsgang erworben und gehalten werden und nicht zum Zweck der Kontrolle erworben wurden.
FAQ
How many Ecovyst (ECVT) shares does Hotchkis and Wiley own?
What percentage of Ecovyst does HWCM own?
Does HWCM have voting power over all the shares it owns?
Does HWCM have the ability to sell all the shares it reports?
Is this stake reported as intended to change control of Ecovyst?
