M&A - GREENBERG ROBERT

Form Type: SCHEDULE 13D/A

Filing Date: 2025-05-05

Corporate Action: Merger

Type: Update

Accession Number: 000095017025063208

Filing Summary: This document is an amendment (Amendment No. 3) to Schedule 13D originally filed by Robert Greenberg and the Skechers Voting Trust. It discloses the agreement for a merger between Skechers U.S.A., Inc. and Beach Acquisition Co Parent, LLC, with the merger agreement dated May 4, 2025. The merger will see Merger Sub merge into Skechers, which will continue as a subsidiary of Parent. The board of directors of Skechers approved the merger agreement, and a written consent was delivered by stockholders holding approximately 60% of the voting power, fulfilling approval requirements. There is a Support Agreement that mandates Reporting Persons to oppose any actions that might delay the merger. The merger entails cash compensation of $57.00 per share of Class A and B common stock, with the potential for stockholders to receive limited liability company units of the Parent. It is highlighted that upon completion of the merger, Skechers intends to delist and deregister its Class A Common Stock.