Filing Details
- Accession Number:
- 0001539497-23-000462
- Form Type:
- 13D Filing
- Publication Date:
- 2023-03-16 20:00:00
- Filed By:
- Icahn Capital LP
- Company:
- Southwest Gas Holdings Inc. (NYSE:SWX)
- Filing Date:
- 2023-03-17
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Icahn Partners Master Fund | 4,034,270 | 4,034,270 | 4,034,270 | 4,034,270 | 4,034,270 | 5.66% |
Icahn Offshore | 0 | 4,034,270 | 0 | 4,034,270 | 4,034,270 | 5.66% |
Icahn Partners | 5,653,736 | 5,653,736 | 5,653,736 | 5,653,736 | 5,653,736 | 7.93% |
Icahn Onshore | 0 | 5,653,736 | 0 | 5,653,736 | 5,653,736 | 7.93% |
Icahn Capital | 0 | 9,688,006 | 0 | 9,688,006 | 9,688,006 | 13.58% |
IPH GP | 0 | 9,688,006 | 0 | 9,688,006 | 9,688,006 | 13.58% |
Icahn Enterprises Holdings | 0 | 9,688,006 | 0 | 9,688,006 | 9,688,006 | 13.58% |
Icahn Enterprises G.P. Inc | 0 | 9,688,006 | 0 | 9,688,006 | 9,688,006 | 13.58% |
Beckton Corp | 0 | 9,688,006 | 0 | 9,688,006 | 9,688,006 | 13.58% |
IEP Utility Holdings | 0 | 0 | 0 | 0 | 0 | 0% |
Carl C. Icahn | 0 | 9,688,006 | 0 | 9,688,006 | 9,688,006 | 13.58% |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment 5)*
Southwest Gas Holdings, Inc.
(Name of Issuer)
Common Stock, Par Value $1.00 per share
(Title of Class of Securities)
844895102
(CUSIP Number)
Jesse A. Lynn
Chief Operating Officer
Icahn Capital LP
16690 Collins Avenue, PH-1
Sunny Isles Beach, FL 33160
(305) 422-4100
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 17, 2023
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.
* 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 disclosures provided in a prior cover page.
The information required on 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).
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Icahn Partners Master Fund LP | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
WC | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
4,034,270 |
(8) | SHARED VOTING POWER 4,034,270 | |
(9) | SOLE DISPOSITIVE POWER
4,034,270 | |
(10) | SHARED DISPOSITIVE POWER 4,034,270 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,034,270 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.66%
| |
(14) | TYPE OF REPORTING PERSON PN |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Icahn Offshore LP | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 4,034,270 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 4,034,270 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,034,270 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.66%
| |
(14) | TYPE OF REPORTING PERSON PN |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Icahn Partners LP | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
WC | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
5,653,736 |
(8) | SHARED VOTING POWER 5,653,736 | |
(9) | SOLE DISPOSITIVE POWER
5,653,736 | |
(10) | SHARED DISPOSITIVE POWER 5,653,736 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,653,736 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.93%
| |
(14) | TYPE OF REPORTING PERSON PN |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Icahn Onshore LP | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 5,653,736 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 5,653,736 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,653,736 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.93%
| |
(14) | TYPE OF REPORTING PERSON PN |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Icahn Capital LP | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 9,688,006 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 9,688,006 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,688,006 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.58%
| |
(14) | TYPE OF REPORTING PERSON PN |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
IPH GP LLC | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 9,688,006 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 9,688,006 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,688,006 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.58%
| |
(14) | TYPE OF REPORTING PERSON OO |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Icahn Enterprises Holdings L.P. | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 9,688,006 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 9,688,006 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,688,006 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.58%
| |
(14) | TYPE OF REPORTING PERSON PN |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Icahn Enterprises G.P. Inc. | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 9,688,006 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 9,688,006 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,688,006 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.58%
| |
(14) | TYPE OF REPORTING PERSON CO |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Beckton Corp. | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 9,688,006 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 9,688,006 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,688,006 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.58%
| |
(14) | TYPE OF REPORTING PERSON CO |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
IEP Utility Holdings LLC | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
WC | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 0 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 0 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
| |
(14) | TYPE OF REPORTING PERSON OO |
SCHEDULE 13D
CUSIP No. 844895102 | ||
(1) | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) | ||
Carl C. Icahn | ||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐ (b) ☐ | |
(3) | SEC USE ONLY
| |
(4) | SOURCE OF FUNDS
OO | |
(5) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐
| |
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America | |
Number of Shares Beneficially Owned by Each Reporting Person With | (7) | SOLE VOTING POWER
0 |
(8) | SHARED VOTING POWER 9,688,006 | |
(9) | SOLE DISPOSITIVE POWER
0 | |
(10) | SHARED DISPOSITIVE POWER 9,688,006 | |
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,688,006 | |
(12) | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
| |
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.58%
| |
(14) | TYPE OF REPORTING PERSON IN |
Item 1. | Security and Issuer. |
This statement constitutes Amendment No. 5 to the Schedule 13D (as amended, the “Schedule 13D”) relating to the shares of the common stock, par value $1.00 per share (the “Shares”), of Southwest Gas Holdings, Inc., a Delaware corporation (the “Issuer”), and hereby amends the Schedule 13D initially filed with the Securities and Exchange Commission (the “SEC”) on June 3, 2022. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
Item 5. | Interest in Securities of the Issuer.
|
Item 5(a), (b) and (c) of the Schedule 13D is hereby amended by replacing it in its entirety with the following:
(a) As of the date hereof, the Reporting Persons may be deemed to beneficially own, in the aggregate, 9,688,006 Shares, representing approximately 13.58% of the Issuer’s outstanding Shares, based on 71,324,826 Shares outstanding as of March 10, 2023, as disclosed by the Issuer in its prospectus supplement filed with the SEC on March 9, 2023 and the Form 8-K filed with the SEC on March 10, 2023.
(b) Icahn Master has sole voting and sole dispositive power with respect to 4,034,270 Shares. Each of Icahn Offshore, Icahn Capital, IPH GP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to Icahn Master, has shared voting power and shared dispositive power with respect to such shares. Icahn Partners has sole voting and sole dispositive power with respect to 5,653,736 Shares. Each of Icahn Onshore, Icahn Capital, IPH GP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to Icahn Partners, has shared voting power and shared dispositive power with respect to such shares. IEP Utility has sole voting power and sole dispositive power and shared and shared dispositive power with respect to 0 Shares; however, IEP Utility has been included in this Schedule 13D as it is a signatory to the Amended and Restated Cooperation Agreement.
(c) The following table sets forth all transactions by any of the Reporting Persons with respect to Shares effected since the last amendment to this Schedule 13D filed on March 10, 2023. All such transactions were purchases of Shares effected in open market transactions.
Name of Reporting Person | Date of Transaction | Amount of Securities | Price Per Share
|
Icahn Partners LP | 3/10/2023 | 175,115 | $59.00 |
Icahn Partners LP | 3/13/2023 | 139,383 | $59.89 |
Icahn Partners LP | 3/14/2023 | 138 | $60.12 |
Icahn Partners LP | 3/15/2023 | 15,358 | $60.09 |
Icahn Partners LP | 3/16/2023 | 12,787 | $59.96 |
Icahn Partners LP | 3/17/2023 | 91,236 | $60.11 |
Icahn Partners Master Fund LP | 3/10/2023 | 124,885 | $59.00 |
Icahn Partners Master Fund LP | 3/13/2023 | 99,402 | $59.89 |
Icahn Partners Master Fund LP | 3/14/2023 | 99 | $60.12 |
Icahn Partners Master Fund LP | 3/15/2023 | 10,952 | $60.09 |
Icahn Partners Master Fund LP | 3/16/2023 | 9,120 | $59.96 |
Icahn Partners Master Fund LP | 3/17/2023 | 65,066 | $60.11 |
*****
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: March 17, 2023
ICAHN PARTNERS LP ICAHN ONSHORE LP ICAHN PARTNERS MASTER FUND LP ICAHN OFFSHORE LP ICAHN CAPITAL LP IPH GP LLC
By: /s/ Jesse Lynn Name: Jesse Lynn Title: Chief Operating Officer
BECKTON CORP.
By: /s/ Ted Papapostolou Name: Ted Papapostolou Title: Vice President
ICAHN ENTERPRISES HOLDINGS L.P. By: Icahn Enterprises G.P. Inc., its general partner ICAHN ENTERPRISES G.P. INC.
By: /s/ Ted Papapostolou Name: Ted Papapostolou Title: Chief Accounting Officer
IEP UTILITY HOLDINGS LLC
By: /s/ Ted Papapostolou Name: Ted Papapostolou Title: Chief Financial Officer
/s/ Carl C. Icahn CARL C. ICAHN
[Signature Page of Schedule 13D Amendment No. 5 – SWX] | |