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
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Trecora Resources.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
894648104
(CUSIP Number)
December 31, 2021
(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).
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1
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NAME OF REPORTING PERSONS
Yacktman Asset Management LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) ☐
(b) ☐ |
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5
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SOLE VOTING POWER
1,610,000
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
1,610,000
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,610,000
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not Applicable
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6% (1)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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| (1) |
Based upon a total of 24,402,396 shares outstanding as of October 22, 2021, as reported on the Issuer’s Form 10-Q, as filed with the SEC on November 4, 2021.
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| Item 1(a). |
Name of Issuer:
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Trecora Resources
| Item 1(b). |
Address of Issuer’s Principal Executive Offices:
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1650 Hwy 6 South, Suite 190
Sugar Land, TX 77478
| Item 2(a). |
Name of Person Filing:
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The person filing this Schedule 13G is Yacktman Asset Management LP (“Yacktman”). Yacktman is an investment adviser
registered under Section 203 of the Investment Advisers Act of 1940.
| Item 2(b). |
Address of Principal Business Office or, if none, Residence:
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6300 Bridgepoint Parkway
Building One, Suite 500
Austin, TX 78730
| Item 2(c). |
Citizenship:
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Yacktman is a Delaware limited partnership.
| Item 2(d). |
Title of Class of Securities:
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Common Stock
| Item 2(e). |
CUSIP Number:
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894648104
| Item 3. |
If this statement is filed pursuant to sections 240.13d-1(b), or 240.13d-2(b) or (c),
check whether the person filing is a:
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☒ An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
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| Item 4. |
Ownership:
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| (a) |
Amount Beneficially Owned: 1,610,000
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| (b) |
Percent of Class: 6.6%
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| (c) |
Number of shares as to which such person has:
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| (i) |
sole power to vote or to direct the vote: 1,610,000
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| (ii) |
shared power to vote or to direct the vote: 0
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| (iii) |
sole power to dispose or to direct the disposition of: 1,610,000
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| (iv) |
shared power to dispose or to direct the disposition of: 0
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| Item 5. |
Ownership of Five Percent or Less of a Class:
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N/A
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person:
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N/A
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company or Control Person:
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N/A
| Item 8. |
Identification and Classification of Members of the Group:
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N/A
| Item 9. |
Notice of Dissolution of Group:
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N/A
| Item 10. |
Certification:
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired
and are held in the ordinary course of business and 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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: February 10, 2022
YACKTMAN ASSET MANAGEMENT LP
By: /s/ Russell G. Wilkins
Russell G. Wilkins, Partner