[144] Zevra Therapeutics, Inc. SEC Filing
Engine Capital and its affiliates have filed Amendment No. 3 to Schedule 13D on 18 June 2025 disclosing an aggregate 9.9 % ownership stake in Civeo Corporation (CVEO).
The filing covers multiple related entities鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II and managing partner Arnaud Ajdler. Collectively, they report beneficial ownership of 1,338,114 common shares out of 13,453,255 shares outstanding as of 25 April 2025. Individual stakes include 1,111,951 shares (8.3 %) held directly by Engine Capital and smaller positions held by the affiliated funds.
Purpose of transaction: The group states that 鈥渢he Board could benefit from the perspective of a highly qualified, independent director.鈥� They are actively engaging鈥攁nd expect to continue engaging鈥攚ith Civeo regarding the potential appointment of such an independent director. No plans for immediate acquisition or disposition of additional shares are disclosed.
Source of funds is identified as working capital (WC) for the limited partnerships and 鈥渙ther鈥� (OO) for the management and general-partner entities. All signatures are dated 18 June 2025 and executed by Arnaud Ajdler in his various representative capacities.
The amendment formalises Engine Capital鈥檚 activist posture without crossing the 10 % threshold that would mandate a Form 13D filing update within ten days. Investors should monitor forthcoming interactions between the activist group and Civeo鈥檚 board, as governance changes or additional share accumulation could follow.
Engine Capital e le sue affiliate hanno presentato il Amendment No. 3 al Schedule 13D il 18 giugno 2025, rivelando una partecipazione aggregata del 9,9% in Civeo Corporation (CVEO).
La comunicazione riguarda diverse entit脿 correlate鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II e il socio gestore Arnaud Ajdler. Complessivamente, dichiarano la titolarit脿 effettiva di 1.338.114 azioni ordinarie su 13.453.255 azioni in circolazione al 25 aprile 2025. Le partecipazioni individuali includono 1.111.951 azioni (8,3%) detenute direttamente da Engine Capital e posizioni minori detenute dai fondi affiliati.
Scopo della transazione: Il gruppo afferma che 鈥渋l Consiglio potrebbe beneficiare della prospettiva di un direttore indipendente altamente qualificato.鈥� Stanno attivamente interagendo 鈥� e prevedono di continuare a farlo 鈥� con Civeo riguardo la possibile nomina di tale direttore indipendente. Non sono stati comunicati piani per acquisizioni o cessioni immediate di ulteriori azioni.
La fonte dei fondi 猫 identificata come capitale circolante (WC) per le societ脿 in accomandita e 鈥渁ltro鈥� (OO) per le entit脿 di gestione e socio generale. Tutte le firme sono datate 18 giugno 2025 ed eseguite da Arnaud Ajdler nelle sue varie capacit脿 rappresentative.
L鈥檈mendamento formalizza l鈥檃tteggiamento attivista di Engine Capital senza superare la soglia del 10% che implicherebbe un aggiornamento del modulo 13D entro dieci giorni. Gli investitori dovrebbero monitorare le future interazioni tra il gruppo attivista e il consiglio di Civeo, poich茅 potrebbero seguire cambiamenti nella governance o ulteriori accumuli di azioni.
Engine Capital y sus afiliados presentaron la Enmienda No. 3 al Schedule 13D el 18 de junio de 2025, revelando una participaci贸n agregada del 9,9% en Civeo Corporation (CVEO).
La presentaci贸n abarca varias entidades relacionadas鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II y el socio administrador Arnaud Ajdler. En conjunto, reportan la propiedad efectiva de 1.338.114 acciones ordinarias de un total de 13.453.255 acciones en circulaci贸n al 25 de abril de 2025. Las participaciones individuales incluyen 1.111.951 acciones (8,3 %) en poder directo de Engine Capital y posiciones menores en los fondos afiliados.
Prop贸sito de la transacci贸n: El grupo declara que 鈥渓a Junta podr铆a beneficiarse de la perspectiva de un director independiente altamente calificado.鈥� Est谩n activamente involucrados 鈥攜 esperan continuar haci茅ndolo鈥� con Civeo respecto a la posible designaci贸n de dicho director independiente. No se revelan planes para adquisici贸n o disposici贸n inmediata de acciones adicionales.
La fuente de fondos se identifica como capital de trabajo (WC) para las sociedades limitadas y 鈥渙tros鈥� (OO) para las entidades de gesti贸n y socio general. Todas las firmas est谩n fechadas el 18 de junio de 2025 y fueron ejecutadas por Arnaud Ajdler en sus diversas capacidades representativas.
La enmienda formaliza la postura activista de Engine Capital sin superar el umbral del 10% que exigir铆a una actualizaci贸n del Formulario 13D en un plazo de diez d铆as. Los inversores deber铆an monitorear las futuras interacciones entre el grupo activista y el consejo de Civeo, ya que podr铆an seguir cambios en la gobernanza o acumulaciones adicionales de acciones.
Engine Capital 氚� 攴� 瓿勳棿靷摛鞚� 2025雲� 6鞗� 18鞚� Schedule 13D鞚� 靾橃爼鞎� 3順鸽ゼ 鞝滌稖頃橃棳 Civeo Corporation(CVEO)鞚� 齑� 9.9% 歆�攵� 氤挫湢毳� 瓿店皽頄堨姷雼堧嫟.
鞚措矆 鞝滌稖鞚� 鞐煬 甏�霠� 氩曥澑鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II 氚� 甏�毽� 韺岉姼雱� Arnaud Ajdler毳� 韽暔頃╇媹雼�. 鞚措摛鞚� 2025雲� 4鞗� 25鞚� 旮办 齑� 氚滍枆 欤检嫕 13,453,255欤� 欷� 1,338,114欤�鞚� 鞁れ 靻岇湢甓岇潉 氤搓碃頄堨姷雼堧嫟. 臧滊硠 歆�攵勳潃 Engine Capital鞚� 歆侅爲 氤挫湢頃� 1,111,951欤�(8.3%)鞕� 瓿勳棿 韼�霌滊摛鞚� 氤挫湢頃� 靻岅窚氇� 歆�攵勳溂搿� 甑劚霅╇媹雼�.
瓯半灅 氇╈爜: 攴鸽９鞚� 鈥滌澊靷殞臧� 瓿犽弰搿� 鞛愱博鞚� 臧栰稑 霃呺 鞚挫偓鞚� 甏�鞝愳溂搿滊秬韯� 鞚挫澋鞚� 鞏混潉 靾� 鞛堧嫟鈥濌碃 氚濏瀳瓿� 鞛堨姷雼堧嫟. 鞚措摛鞚� 攴鸽煬頃� 霃呺 鞚挫偓 鞛勲獏 臧�電レ劚瓿� 甏�霠暣 Civeo鞕� 鞝侁饭鞝侅溂搿� 甑愳劖 欷戩澊氅� 鞎烄溂搿滊弰 瓿勳啀頃� 鞓堨爼鞛呺媹雼�. 於旉皜 欤检嫕鞚� 歃夑皝鞝侅澑 旆摑 霕愲姅 觳橂秳 瓿勴殟鞚� 瓿店皽頃橃 鞎婌晿鞀惦媹雼�.
鞛愱笀 於滌矘電� 鞙犿暅毂呾瀯臁绊暕鞚� 鞖挫爠鞛愲掣(WC)瓿� 瓴届榿 氚� 鞚茧皹 韺岉姼雱� 氩曥澑鞚� 鈥滉赴韮�鈥�(OO)搿� 頇曥澑霅╇媹雼�. 氇摖 靹滊獏鞚� 2025雲� 6鞗� 18鞚检瀽搿� 霅橃柎 鞛堨溂氅� Arnaud Ajdler臧� 雼れ枒頃� 雽�響� 鞛愱博鞙茧 靹滊獏頄堨姷雼堧嫟.
鞚措矆 靾橃爼鞎堨潃 Engine Capital鞚� 頄夒彊欤检潣鞝� 鞛呾灔鞚� 瓿奠嫕頇旐晿歆�毵� 10% 鞛勱硠旃橂ゼ 雱橃 鞎婌晞 10鞚� 鞚措偞鞐� Form 13D 臧膘嫚 鞝滌稖 鞚橂臧� 氚滌儩頃橃 鞎婌姷雼堧嫟. 韴瀽鞛愲摛鞚� 頄夒彊欤检潣 攴鸽９瓿� Civeo 鞚挫偓須� 臧勳潣 頄ロ泟 靸來樃鞛戩毄鞚� 欤检嫓頃挫暭 頃橂┌, 瓯半矂雱岇姢 氤�頇旊倶 於旉皜 欤检嫕 於曥爜 臧�電レ劚霃� 鞐茧憪鞐� 霊愳柎鞎� 頃╇媹雼�.
Engine Capital et ses affili茅s ont d茅pos茅 l鈥橝mendement n掳 3 au Schedule 13D le 18 juin 2025, r茅v茅lant une participation globale de 9,9 % dans Civeo Corporation (CVEO).
Le d茅p么t concerne plusieurs entit茅s li茅es鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II ainsi que le partenaire g茅rant Arnaud Ajdler. Ensemble, ils d茅clarent une propri茅t茅 b茅n茅ficiaire de 1 338 114 actions ordinaires sur 13 453 255 actions en circulation au 25 avril 2025. Les participations individuelles comprennent 1 111 951 actions (8,3 %) d茅tenues directement par Engine Capital et des positions plus modestes d茅tenues par les fonds affili茅s.
Objectif de la transaction : Le groupe indique que 芦 le conseil d鈥檃dministration pourrait b茅n茅ficier du point de vue d鈥檜n administrateur ind茅pendant hautement qualifi茅. 禄 Ils sont activement engag茅s 鈥� et pr茅voient de poursuivre cet engagement 鈥� avec Civeo concernant la possible nomination d鈥檜n tel administrateur ind茅pendant. Aucun plan d鈥檃cquisition ou de cession imm茅diate d鈥檃ctions suppl茅mentaires n鈥檈st divulgu茅.
La source des fonds est identifi茅e comme fonds de roulement (WC) pour les soci茅t茅s en commandite et 芦 autre 禄 (OO) pour les entit茅s de gestion et le partenaire g茅n茅ral. Toutes les signatures sont dat茅es du 18 juin 2025 et ont 茅t茅 r茅alis茅es par Arnaud Ajdler dans ses diverses capacit茅s repr茅sentatives.
L鈥檃mendement formalise la posture activiste d鈥橢ngine Capital sans d茅passer le seuil de 10 % qui imposerait une mise 脿 jour du formulaire 13D dans les dix jours. Les investisseurs devraient surveiller les interactions 脿 venir entre le groupe activiste et le conseil d鈥檃dministration de Civeo, car des changements de gouvernance ou des accumulations suppl茅mentaires d鈥檃ctions pourraient suivre.
Engine Capital und ihre verbundenen Unternehmen haben am 18. Juni 2025 die 脛nderung Nr. 3 zum Schedule 13D eingereicht, in der sie eine Gesamtbeteiligung von 9,9 % an der Civeo Corporation (CVEO) offenlegen.
Die Meldung umfasst mehrere verbundene Einheiten 鈥� Engine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II sowie den gesch盲ftsf眉hrenden Partner Arnaud Ajdler. Zusammen melden sie den wirtschaftlichen Besitz von 1.338.114 Stammaktien von insgesamt 13.453.255 ausstehenden Aktien zum 25. April 2025. Einzelne Anteile umfassen 1.111.951 Aktien (8,3 %) direkt gehalten von Engine Capital sowie kleinere Positionen der verbundenen Fonds.
Zweck der Transaktion: Die Gruppe gibt an, dass 鈥瀌er Vorstand von der Perspektive eines hochqualifizierten, unabh盲ngigen Direktors profitieren k枚nnte.鈥� Sie stehen in aktivem Austausch 鈥� und erwarten, diesen fortzusetzen 鈥� mit Civeo bez眉glich der m枚glichen Ernennung eines solchen unabh盲ngigen Direktors. Pl盲ne f眉r den sofortigen Erwerb oder Verkauf zus盲tzlicher Aktien werden nicht offengelegt.
Die Mittelherkunft wird als Betriebskapital (WC) f眉r die Kommanditgesellschaften und 鈥瀉ndere鈥� (OO) f眉r die Management- und Generalpartner-Einheiten angegeben. Alle Unterschriften sind auf den 18. Juni 2025 datiert und wurden von Arnaud Ajdler in seinen verschiedenen Vertretungsfunktionen ausgef眉hrt.
Die 脛nderung formalisiert die aktivistische Haltung von Engine Capital, ohne die 10 %-Schwelle zu 眉berschreiten, die eine Aktualisierung des Formulars 13D innerhalb von zehn Tagen erforderlich machen w眉rde. Investoren sollten die kommenden Interaktionen zwischen der aktivistischen Gruppe und dem Vorstand von Civeo beobachten, da Governance-脛nderungen oder weitere Aktienk盲ufe folgen k枚nnten.
- Engine group holds 9.9 % of outstanding shares, giving the activist coalition meaningful influence without triggering additional regulatory obligations.
- Call for an independent director indicates focus on board refreshment, which can improve governance and shareholder alignment.
- Potential activist pressure introduces strategic uncertainty that may distract management and create short-term volatility.
- Ownership just below 10 % might reflect intent to escalate later, leaving investors unsure of future control dynamics.
Insights
TL;DR: Engine Capital reveals 9.9 % CVEO stake and pushes for an independent director鈥攃lassic early-stage activist positioning.
The filing positions Engine Capital just under the 10 % threshold, giving flexibility while signalling serious intent. A 9.9 % block is large for a micro-/small-cap such as Civeo and provides meaningful leverage in boardroom negotiations. Activists frequently begin with governance enhancements; requesting a new independent director suggests they may pursue broader strategic or capital-allocation changes if dialogue stalls. No immediate financial metrics are affected, but governance pressure can catalyse operational reviews or M&A exploration, potentially unlocking value. Investors should weigh possible upside from activist engagement against near-term uncertainty and distraction risks.
TL;DR: Governance impact likely positive; board refresh could strengthen oversight and align with shareholder interests.
Adding an independent director usually improves board independence scores and may enhance risk oversight鈥攅specially valuable for a cyclical hospitality-services firm like Civeo. The activist鈥檚 sub-10 % stake reduces the likelihood of a proxy fight now, suggesting cooperative engagement. However, management must balance activist proposals with long-term strategy to avoid short-termism. Overall, the disclosure is impactful because it increases the probability of governance reforms that can improve valuation multiples over time.
Engine Capital e le sue affiliate hanno presentato il Amendment No. 3 al Schedule 13D il 18 giugno 2025, rivelando una partecipazione aggregata del 9,9% in Civeo Corporation (CVEO).
La comunicazione riguarda diverse entit脿 correlate鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II e il socio gestore Arnaud Ajdler. Complessivamente, dichiarano la titolarit脿 effettiva di 1.338.114 azioni ordinarie su 13.453.255 azioni in circolazione al 25 aprile 2025. Le partecipazioni individuali includono 1.111.951 azioni (8,3%) detenute direttamente da Engine Capital e posizioni minori detenute dai fondi affiliati.
Scopo della transazione: Il gruppo afferma che 鈥渋l Consiglio potrebbe beneficiare della prospettiva di un direttore indipendente altamente qualificato.鈥� Stanno attivamente interagendo 鈥� e prevedono di continuare a farlo 鈥� con Civeo riguardo la possibile nomina di tale direttore indipendente. Non sono stati comunicati piani per acquisizioni o cessioni immediate di ulteriori azioni.
La fonte dei fondi 猫 identificata come capitale circolante (WC) per le societ脿 in accomandita e 鈥渁ltro鈥� (OO) per le entit脿 di gestione e socio generale. Tutte le firme sono datate 18 giugno 2025 ed eseguite da Arnaud Ajdler nelle sue varie capacit脿 rappresentative.
L鈥檈mendamento formalizza l鈥檃tteggiamento attivista di Engine Capital senza superare la soglia del 10% che implicherebbe un aggiornamento del modulo 13D entro dieci giorni. Gli investitori dovrebbero monitorare le future interazioni tra il gruppo attivista e il consiglio di Civeo, poich茅 potrebbero seguire cambiamenti nella governance o ulteriori accumuli di azioni.
Engine Capital y sus afiliados presentaron la Enmienda No. 3 al Schedule 13D el 18 de junio de 2025, revelando una participaci贸n agregada del 9,9% en Civeo Corporation (CVEO).
La presentaci贸n abarca varias entidades relacionadas鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II y el socio administrador Arnaud Ajdler. En conjunto, reportan la propiedad efectiva de 1.338.114 acciones ordinarias de un total de 13.453.255 acciones en circulaci贸n al 25 de abril de 2025. Las participaciones individuales incluyen 1.111.951 acciones (8,3 %) en poder directo de Engine Capital y posiciones menores en los fondos afiliados.
Prop贸sito de la transacci贸n: El grupo declara que 鈥渓a Junta podr铆a beneficiarse de la perspectiva de un director independiente altamente calificado.鈥� Est谩n activamente involucrados 鈥攜 esperan continuar haci茅ndolo鈥� con Civeo respecto a la posible designaci贸n de dicho director independiente. No se revelan planes para adquisici贸n o disposici贸n inmediata de acciones adicionales.
La fuente de fondos se identifica como capital de trabajo (WC) para las sociedades limitadas y 鈥渙tros鈥� (OO) para las entidades de gesti贸n y socio general. Todas las firmas est谩n fechadas el 18 de junio de 2025 y fueron ejecutadas por Arnaud Ajdler en sus diversas capacidades representativas.
La enmienda formaliza la postura activista de Engine Capital sin superar el umbral del 10% que exigir铆a una actualizaci贸n del Formulario 13D en un plazo de diez d铆as. Los inversores deber铆an monitorear las futuras interacciones entre el grupo activista y el consejo de Civeo, ya que podr铆an seguir cambios en la gobernanza o acumulaciones adicionales de acciones.
Engine Capital 氚� 攴� 瓿勳棿靷摛鞚� 2025雲� 6鞗� 18鞚� Schedule 13D鞚� 靾橃爼鞎� 3順鸽ゼ 鞝滌稖頃橃棳 Civeo Corporation(CVEO)鞚� 齑� 9.9% 歆�攵� 氤挫湢毳� 瓿店皽頄堨姷雼堧嫟.
鞚措矆 鞝滌稖鞚� 鞐煬 甏�霠� 氩曥澑鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II 氚� 甏�毽� 韺岉姼雱� Arnaud Ajdler毳� 韽暔頃╇媹雼�. 鞚措摛鞚� 2025雲� 4鞗� 25鞚� 旮办 齑� 氚滍枆 欤检嫕 13,453,255欤� 欷� 1,338,114欤�鞚� 鞁れ 靻岇湢甓岇潉 氤搓碃頄堨姷雼堧嫟. 臧滊硠 歆�攵勳潃 Engine Capital鞚� 歆侅爲 氤挫湢頃� 1,111,951欤�(8.3%)鞕� 瓿勳棿 韼�霌滊摛鞚� 氤挫湢頃� 靻岅窚氇� 歆�攵勳溂搿� 甑劚霅╇媹雼�.
瓯半灅 氇╈爜: 攴鸽９鞚� 鈥滌澊靷殞臧� 瓿犽弰搿� 鞛愱博鞚� 臧栰稑 霃呺 鞚挫偓鞚� 甏�鞝愳溂搿滊秬韯� 鞚挫澋鞚� 鞏混潉 靾� 鞛堧嫟鈥濌碃 氚濏瀳瓿� 鞛堨姷雼堧嫟. 鞚措摛鞚� 攴鸽煬頃� 霃呺 鞚挫偓 鞛勲獏 臧�電レ劚瓿� 甏�霠暣 Civeo鞕� 鞝侁饭鞝侅溂搿� 甑愳劖 欷戩澊氅� 鞎烄溂搿滊弰 瓿勳啀頃� 鞓堨爼鞛呺媹雼�. 於旉皜 欤检嫕鞚� 歃夑皝鞝侅澑 旆摑 霕愲姅 觳橂秳 瓿勴殟鞚� 瓿店皽頃橃 鞎婌晿鞀惦媹雼�.
鞛愱笀 於滌矘電� 鞙犿暅毂呾瀯臁绊暕鞚� 鞖挫爠鞛愲掣(WC)瓿� 瓴届榿 氚� 鞚茧皹 韺岉姼雱� 氩曥澑鞚� 鈥滉赴韮�鈥�(OO)搿� 頇曥澑霅╇媹雼�. 氇摖 靹滊獏鞚� 2025雲� 6鞗� 18鞚检瀽搿� 霅橃柎 鞛堨溂氅� Arnaud Ajdler臧� 雼れ枒頃� 雽�響� 鞛愱博鞙茧 靹滊獏頄堨姷雼堧嫟.
鞚措矆 靾橃爼鞎堨潃 Engine Capital鞚� 頄夒彊欤检潣鞝� 鞛呾灔鞚� 瓿奠嫕頇旐晿歆�毵� 10% 鞛勱硠旃橂ゼ 雱橃 鞎婌晞 10鞚� 鞚措偞鞐� Form 13D 臧膘嫚 鞝滌稖 鞚橂臧� 氚滌儩頃橃 鞎婌姷雼堧嫟. 韴瀽鞛愲摛鞚� 頄夒彊欤检潣 攴鸽９瓿� Civeo 鞚挫偓須� 臧勳潣 頄ロ泟 靸來樃鞛戩毄鞚� 欤检嫓頃挫暭 頃橂┌, 瓯半矂雱岇姢 氤�頇旊倶 於旉皜 欤检嫕 於曥爜 臧�電レ劚霃� 鞐茧憪鞐� 霊愳柎鞎� 頃╇媹雼�.
Engine Capital et ses affili茅s ont d茅pos茅 l鈥橝mendement n掳 3 au Schedule 13D le 18 juin 2025, r茅v茅lant une participation globale de 9,9 % dans Civeo Corporation (CVEO).
Le d茅p么t concerne plusieurs entit茅s li茅es鈥擡ngine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II ainsi que le partenaire g茅rant Arnaud Ajdler. Ensemble, ils d茅clarent une propri茅t茅 b茅n茅ficiaire de 1 338 114 actions ordinaires sur 13 453 255 actions en circulation au 25 avril 2025. Les participations individuelles comprennent 1 111 951 actions (8,3 %) d茅tenues directement par Engine Capital et des positions plus modestes d茅tenues par les fonds affili茅s.
Objectif de la transaction : Le groupe indique que 芦 le conseil d鈥檃dministration pourrait b茅n茅ficier du point de vue d鈥檜n administrateur ind茅pendant hautement qualifi茅. 禄 Ils sont activement engag茅s 鈥� et pr茅voient de poursuivre cet engagement 鈥� avec Civeo concernant la possible nomination d鈥檜n tel administrateur ind茅pendant. Aucun plan d鈥檃cquisition ou de cession imm茅diate d鈥檃ctions suppl茅mentaires n鈥檈st divulgu茅.
La source des fonds est identifi茅e comme fonds de roulement (WC) pour les soci茅t茅s en commandite et 芦 autre 禄 (OO) pour les entit茅s de gestion et le partenaire g茅n茅ral. Toutes les signatures sont dat茅es du 18 juin 2025 et ont 茅t茅 r茅alis茅es par Arnaud Ajdler dans ses diverses capacit茅s repr茅sentatives.
L鈥檃mendement formalise la posture activiste d鈥橢ngine Capital sans d茅passer le seuil de 10 % qui imposerait une mise 脿 jour du formulaire 13D dans les dix jours. Les investisseurs devraient surveiller les interactions 脿 venir entre le groupe activiste et le conseil d鈥檃dministration de Civeo, car des changements de gouvernance ou des accumulations suppl茅mentaires d鈥檃ctions pourraient suivre.
Engine Capital und ihre verbundenen Unternehmen haben am 18. Juni 2025 die 脛nderung Nr. 3 zum Schedule 13D eingereicht, in der sie eine Gesamtbeteiligung von 9,9 % an der Civeo Corporation (CVEO) offenlegen.
Die Meldung umfasst mehrere verbundene Einheiten 鈥� Engine Capital, Engine Jet, Engine Lift, Engine Capital Management, Engine Capital Management GP, Engine Investments, Engine Investments II sowie den gesch盲ftsf眉hrenden Partner Arnaud Ajdler. Zusammen melden sie den wirtschaftlichen Besitz von 1.338.114 Stammaktien von insgesamt 13.453.255 ausstehenden Aktien zum 25. April 2025. Einzelne Anteile umfassen 1.111.951 Aktien (8,3 %) direkt gehalten von Engine Capital sowie kleinere Positionen der verbundenen Fonds.
Zweck der Transaktion: Die Gruppe gibt an, dass 鈥瀌er Vorstand von der Perspektive eines hochqualifizierten, unabh盲ngigen Direktors profitieren k枚nnte.鈥� Sie stehen in aktivem Austausch 鈥� und erwarten, diesen fortzusetzen 鈥� mit Civeo bez眉glich der m枚glichen Ernennung eines solchen unabh盲ngigen Direktors. Pl盲ne f眉r den sofortigen Erwerb oder Verkauf zus盲tzlicher Aktien werden nicht offengelegt.
Die Mittelherkunft wird als Betriebskapital (WC) f眉r die Kommanditgesellschaften und 鈥瀉ndere鈥� (OO) f眉r die Management- und Generalpartner-Einheiten angegeben. Alle Unterschriften sind auf den 18. Juni 2025 datiert und wurden von Arnaud Ajdler in seinen verschiedenen Vertretungsfunktionen ausgef眉hrt.
Die 脛nderung formalisiert die aktivistische Haltung von Engine Capital, ohne die 10 %-Schwelle zu 眉berschreiten, die eine Aktualisierung des Formulars 13D innerhalb von zehn Tagen erforderlich machen w眉rde. Investoren sollten die kommenden Interaktionen zwischen der aktivistischen Gruppe und dem Vorstand von Civeo beobachten, da Governance-脛nderungen oder weitere Aktienk盲ufe folgen k枚nnten.
FAQ
How many Civeo (CVEO) shares does Engine Capital control?
What is the purpose behind Engine Capital's Schedule 13D/A filing?
When was the triggering event for this amendment?
Does Engine Capital intend to launch a proxy fight for CVEO?
What funding source did the reporting persons use for their CVEO purchases?
Who signed the Schedule 13D/A on behalf of the reporting entities?
