Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
KLX Energy Services Holdings, Inc.
|
(Name of Issuer)
|
Common Stock, par value $0.01 per share
|
(Title of Class of Securities)
|
48253L205
|
(CUSIP Number)
|
September 30, 2024
|
(Date of Event which Requires Filing of this Statement)
|
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐
|
Rule 13d-1(b)
|
☒
|
Rule 13d-1(c)
|
☐
|
Rule 13d-1(d)
|
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Continued on the following pages
Page 1 of 14 Pages
Exhibit Index: Page 13
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 2 of 14 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Greene’s Investment Holdings LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
11.2%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
HC, OO
|
|
|
|||
|
|
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 3 of 14 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Denham IV Continuation Fund LP
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Cayman Islands
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
11.2%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
HC, PN
|
|
|
|||
|
|
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 4 of 14 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Denham IV Continuation Fund GP LP
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Cayman Islands
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
11.2%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
HC, PN
|
|
|
|||
|
|
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 5 of 14 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Denham IV Continuation GP LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Cayman Islands
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
11.2%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
HC, OO
|
|
|
|||
|
|
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 6 of 14 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Denham Capital Management LP
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
11.2%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IA, PN
|
|
|
|||
|
|
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 7 of 14 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Denham Capital Management GP LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
11.2%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
HC, OO
|
|
|
|||
|
|
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 8 of 14 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Stuart D. Porter
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,891,063
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
11.2%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
HC, IN
|
|
|
|||
|
|
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 9 of 14 Pages
|
Item 1(a). |
NAME OF ISSUER
|
KLX Energy Services Holdings, Inc. (the “Issuer”).
Item 1(b). |
ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
|
3040 Post Oak Boulevard, 15th Floor, Houston, TX 77056.
Item 2(a). |
NAME OF PERSON FILING
|
This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
(i) |
Greene’s Investment Holdings LLC (“GIH”);
|
(ii) |
Denham IV Continuation Fund LP (“Denham IV Fund”);
|
(iii) |
Denham IV Continuation Fund GP LP (“Denham IV Fund GP”);
|
(iv) |
Denham IV Continuation GP LLC (“Denham IV GP”);
|
(v) |
Denham Capital Management LP (“DCM”);
|
(vi) |
Denham Capital Management GP LLC (“DCM GP”); and
|
(vii) |
Stuart D. Porter (Mr. Porter).
|
This Statement relates to shares of Common Stock (as defined herein) held directly by GIH. Denham IV Fund is the sole owner of GIH. Denham IV Fund GP is the general partner of Denham IV Fund. Denham IV GP is the general partner of Denham IV
Fund GP. DCM serves as investment adviser to Denham IV Fund. DCM GP is the general partner of DCM. Mr. Porter is the sole owner of DCM GP and the controlling member of Denham IV GP, and serves as Chief Executive Officer and Chief Investment
Officer of DCM. Because of the relationship among the Reporting Persons, each of the Reporting Persons may be deemed to be the beneficial owner of 1,891,063 shares of Common Stock held directly by GIH.
Item 2(b). |
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
|
The address of the principal business office of each of the Reporting Persons is 185 Dartmouth Street, Boston, MA 02116.
Item 2(c). |
CITIZENSHIP
|
(i) |
GIH is a Delaware limited liability company;
|
(ii) |
Denham IV Fund is a Cayman Islands limited partnership;
|
(iii) |
Denham IV Fund GP is a Cayman Islands limited partnership;
|
(iv) |
Denham IV GP is a Cayman Islands limited liability company;
|
(v) |
DCM is a Delaware limited partnership;
|
(vi) |
DCM GP is a Delaware limited liability company; and
|
(vii) |
Mr. Porter is a citizen of the United States.
|
Item 2(d). |
TITLE OF CLASS OF SECURITIES
|
Common stock, par value $0.01 per share (“Common Stock”)
Item 2(e). |
CUSIP NUMBER
|
48253L205
Item 3. |
IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
|
Not applicable.
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 10 of 14 Pages
|
Item 4. |
OWNERSHIP
|
Item 4(a). |
Amount Beneficially Owned:
|
As of September 30, 2024, each of the Reporting Persons may be deemed to be the beneficial owner of 1,891,063 shares of Common Stock held directly by GIH.
Item 4(b). |
Percent of Class:
|
As of September 30, 2024, each of the Reporting Persons may be deemed to be the beneficial owner of approximately 11.2% of the shares of Common Stock outstanding. This percentage is calculated based on 16,864,431 shares of Common Stock
outstanding as of July 31, 2024, as reported in the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2024.
Item 4(c). |
Number of Shares as to Which Such Person has:
|
Each of the Reporting Persons:
(i) |
Sole power to vote or direct the vote: 0
|
(ii) |
Shared power to vote or direct the vote: 1,891,063
|
(iii) |
Sole power to dispose or direct the disposition of: 0
|
(iv) |
Shared power to dispose or direct the disposition of: 1,891,063
|
Item 5. |
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
|
Item 6. |
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
|
Not applicable.
Item 7. |
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON
|
See disclosure in Item 2 hereof.
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 11 of 14 Pages
|
Item 8. |
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
|
Not applicable.
Item 9. |
NOTICE OF DISSOLUTION OF GROUP
|
Not applicable.
Item 10. |
CERTIFICATION
|
By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the
control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §
240.14a-11.
CUSIP No. 48253L205
|
SCHEDULE 13G
|
Page 12 of 14 Pages
|
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: November 14, 2024
|
||
Greene’s Investment Holdings LLC
|
||
By:
|
/s/ Cody Nicholson
|
|
Name:
|
Cody Nicholson
|
|
Title:
|
Secretary
|
|
Denham IV Continuation Fund LP
|
||
By:
|
Denham IV Continuation Fund GP LP, its General Partner
|
|
By:
|
Denham IV Continuation GP LLC, its General Partner
|
|
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Managing Director
|
|
Denham IV Continuation Fund GP LP
|
||
By:
|
Denham IV Continuation GP LLC, its General Partner
|
|
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Managing Director
|
|
Denham IV Continuation GP LLC
|
||
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Managing Director
|
|
Denham Capital Management LP
|
||
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Chief Legal Officer
|
|
Denham Capital Management GP LLC
|
||
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Chief Legal Officer
|
|
/s/ Stuart D. Porter
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Stuart D. Porter
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CUSIP No. 48253L205
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SCHEDULE 13G
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Page 13 of 14 Pages
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EXHIBIT INDEX
Ex.
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Page No.
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A
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Joint Filing Agreement
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14 |
CUSIP No. 48253L205
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SCHEDULE 13G
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Page 14 of 14 Pages
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EXHIBIT A
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.
The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Date: November 14, 2024
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Greene’s Investment Holdings LLC
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||
By:
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/s/ Cody Nicholson
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Name:
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Cody Nicholson
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Title:
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Secretary
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Denham IV Continuation Fund LP
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||
By:
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Denham IV Continuation Fund GP LP, its General Partner
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By:
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Denham IV Continuation GP LLC, its General Partner
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By:
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/s/ Anthony Fiore
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Name:
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Anthony Fiore
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Title:
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Managing Director
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|
Denham IV Continuation Fund GP LP
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||
By:
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Denham IV Continuation GP LLC, its General Partner
|
|
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Managing Director
|
|
Denham IV Continuation GP LLC
|
||
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Managing Director
|
|
Denham Capital Management LP
|
||
By:
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/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
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Chief Legal Officer
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|
Denham Capital Management GP LLC
|
<
/tr>
||
By:
|
/s/ Anthony Fiore
|
|
Name:
|
Anthony Fiore
|
|
Title:
|
Chief Legal Officer
|
|
/s/ Stuart D. Porter
|
||
Stuart D. Porter
|