Business Context and Reporting Period
This Form 8-K Current Report was filed by Hayward Holdings, Inc. on September 11, 2024. The filing addresses a significant change in the company's shareholder structure involving MSD Aqua Partners, LLC, an affiliate of MSD Partners, L.P.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a regulatory disclosure regarding equity distribution rather than financial performance.
Material Changes Versus Prior Period
The primary material change reported is the distribution of shares held by MSD Aqua Partners, LLC:
- Previous Ownership: As of August 1, 2024, MSD held 65,003,866 shares, representing approximately 30% of the Company's common stock outstanding.
- Event: On September 11, 2024, MSD completed the distribution of all such shares to its partners and members on a pro rata basis for no consideration as part of winding down its investment fund.
- Current Ownership: Entities affiliated with MSD have retained approximately 3% of the Company's common stock outstanding in aggregate.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. It does not disclose new risks or contingencies beyond the structural change in ownership. The information is furnished under Regulation FD and is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Key Facts for Investor Verification
- MSD Aqua Partners, LLC distributed 65,003,866 shares (approx. 30% of outstanding stock) to its partners on September 11, 2024.
- The distribution was made for no consideration as part of the fund's wind-down.
- MSD-affiliated entities now hold approximately 3% of the Company's common stock.
- MSD has been a stockholder since 2017, prior to the Company's 2021 IPO.