Filing Details
- Accession Number:
- 0001193125-24-162699
- Form Type:
- 13D Filing
- Publication Date:
- 2024-06-16 20:00:00
- Filed By:
- Maxwell W Keith Iii
- Company:
- Via Renewables Inc. (NASDAQ:VIA)
- Filing Date:
- 2024-06-17
- 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 |
|---|---|---|---|---|---|---|
| W. Keith Maxwell III | 0 | 7,323,329 | 0 | 7,323,329 | 7,323,329 | 100% |
| TxEx Energy Investments | 0 | 7,323,329 | 0 | 7,323,329 | 7,323,329 | 100% |
| Retailco | 0 | 7,323,329 | 0 | 7,323,329 | 7,323,329 | 100% |
| Electric Holdco | 0 | 0 | 0 | 0 | 0 | 0 14. Type of Reporting Person (See Instructions) OO - Limited Liability Company CUSIP No. 92556D 304 Page 6 of 12 1. Names Of Reporting Persons. NuDevco Retail 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 (See Instructions) OO, BK 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e) 6. Citizenship or Place of Organization Texas 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 (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 0 14. Type of Reporting Person (See Instructions) OO - Limited Liability Company CUSIP No. 92556D 304 Page 7 of 12 1. Names Of Reporting Persons. NuDevco Retail, LLC 2. Check The Appropriate Box If a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) OO, BK 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e) 6. Citizenship or Place of Organization Texas 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 (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 0 14. Type of Reporting Person (See Instructions) OO - Limited Liability Company CUSIP No. 92556D 304 Page 8 of 12 Final Amendment to Schedule 13D This Final Amendment to Schedule 13D (this 147 Amendment 148 ) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the 147 SEC 148 ) on August 8, 2014, as amended by Amendment No. 1 thereto filed on April 8, 2016 ( 147 Amendment No. 1 148 ), Amendment No. 2 thereto filed on August 25, 2016 ( 147 Amendment No. 2 148 ), Amendment No. 3 thereto filed on November 17, 2016 ( 147 Amendment No. 3 148 ), Amendment No. 4 thereto filed on December 5, 2016 ( 147 Amendment No. 4 148 ), Amendment No. 5 thereto filed on April 4, 2019 ( 147 Amendment No. 5 148 ), Amendment No. 6 thereto filed on July 28, 2021 ( 147 Amendment No. 6 148 ), Amendment No. 7 thereto filed on May 23, 2023 ( 147 Amendment No. 7 148 ), and Amendment No. 8 thereto filed on December 29, 2023 ( 147 Amendment No. 8 148 and, together with Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, and Amendment No. 8, and amending the Schedule 13D as filed on August 8, 2014, the 147 Schedule 13D 148 ), and relates to the beneficial ownership by the Reporting Persons (defined below) of the Class A Common Stock, par value 0.01 per share (the 147 Class A Common Stock 148 ) of Via Renewables, Inc., a corporation organized under the laws of the State of Delaware (the 147 Issuer 148 ). This Amendment is being filed jointly by (i) W. Keith Maxwell III ( 147 Individual Filer 148 ), (ii) TxEx Energy Investments, LLC, a Texas limited liability company ( 147 TxEx 148 ), (iii) Retailco, LLC, a Texas limited liability company ( 147 Parent 148 ), (iv) Electric Holdco, LLC, a Texas limited liability company ( 147 Electric Holdco 148 ), (v) NuDevco Retail Holdings, LLC, a Texas limited liability company ( 147 NuDevco Retail Holdings 148 ), and (vi) NuDevco Retail LLC, a Texas limited liability company ( 147 NuDevco Retail 148 ). TxEx, Parent, Electric Holdco, NuDevco Retail Holdings and NuDevco Retail are collectively referred to as the 147 Reporting Entities. 148 The Individual Filer and the Reporting Entities are collectively referred to as the 147 Reporting Persons. 148 Except as amended herein, each such prior Schedule 13D, as previously amended, remains in effect. Capitalized terms used herein but not otherwise defined in this Amendment shall have the meaning ascribed to them in the Reporting Persons 146 Schedules 13D as previously amended. On June 13, 2024, the Issuer consummated the previously announced merger contemplated by that certain Agreement and Plan of Merger, dated as of December 29, 2023, by and among the Issuer, Parent, and NuRetailco LLC, a Delaware limited liability company and wholly owned subsidiary of Parent ( 147 Merger Sub 148 ), pursuant to which Merger Sub was merged with and into the Issuer (the 147 Merger 148 ), with the Issuer continuing as the surviving corporation in the Merger (the 147 Surviving Corporation 148 ), following which William Keith Maxwell, III and his affiliates became the registered or beneficial owners of all of the issued and outstanding shares of the Surviving Corporation 146 s Class A Common Stock and Class B common stock, par value 0.01 per share (the 147 Class B Common Stock 148 and, together with the Class A Common Stock, 147 Common Stock 148 ). Immediately prior to the Merger, Mr. Maxwell and his affiliates owned approximately 66% |
| NuDevco Retail Holdings | 0 | 0 | 0 | 0 | 0 | |
| NuDevco Retail | 0 | 0 | 0 | 0 | 0 |
CUSIP No. 92556D 304 Page 1 of 12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
FINAL AMENDMENT
Under the Securities Exchange Act of 1934
Via Renewables, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
92556D 304
(CUSIP Number)
Casey Marcin
12140 Wickchester Ln., Ste 100
Houston, Texas 77079
(713) 600-2600
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 13, 2024
(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. ☐
CUSIP No. 92556D 304 Page 2 of 12
| 1. | Names Of Reporting Persons.
W. Keith Maxwell III | |||||
| 2. | Check The Appropriate Box If a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
OO, PF, BK | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e)
☐ | |||||
| 6. | Citizenship or Place of Organization
USA | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
| 7. | Sole Voting Power
0 | ||||
| 8. | Shared Voting Power
7,323,329* | |||||
| 9. | Sole Dispositive Power
0 | |||||
| 10. | Shared Dispositive Power
7,323,329* | |||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person
7,323,329* | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
100% | |||||
| 14. | Type of Reporting Person (See Instructions)
IN | |||||
| * | Calculated as if the Class B Common Stock converted into Class A Common Stock. |
CUSIP No. 92556D 304 Page 3 of 12
| 1. | Names Of Reporting Persons.
TxEx Energy Investments, LLC | |||||
| 2. | Check The Appropriate Box If a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
OO, BK | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e)
☐ | |||||
| 6. | Citizenship or Place of Organization
Texas | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
| 7. | Sole Voting Power
0 | ||||
| 8. | Shared Voting Power
7,323,329* | |||||
| 9. | Sole Dispositive Power
0 | |||||
| 10. | Shared Dispositive Power
7,323,329* | |||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person
7,323,329* | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
100% | |||||
| 14. | Type of Reporting Person (See Instructions)
OO - Limited Liability Company | |||||
| * | Calculated as if the Class B Common Stock converted into Class A Common Stock. |
CUSIP No. 92556D 304 Page 4 of 12
| 1. | Names Of Reporting Persons.
Retailco, LLC | |||||
| 2. | Check The Appropriate Box If a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
OO, BK | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e)
☐ | |||||
| 6. | Citizenship or Place of Organization
Texas | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With
| 7. | Sole Voting Power
0 | ||||
| 8. | Shared Voting Power
7,323,329* | |||||
| 9. | Sole Dispositive Power
0 | |||||
| 10. | Shared Dispositive Power
7,323,329* | |||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person
7,323,329* | |||||
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
100% | |||||
| 14. | Type of Reporting Person (See Instructions)
OO - Limited Liability Company | |||||
| * | Calculated as if the Class B Common Stock converted into Class A Common Stock. |
CUSIP No. 92556D 304 Page 5 of 12
| 1. | Names Of Reporting Persons.
Electric Holdco, LLC | |||||
| 2. | Check The Appropriate Box If a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
OO, BK | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e)
☐ | |||||
| 6. | Citizenship or Place of Organization
Texas | |||||
| 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 (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
0 | |||||
| 14. | Type of Reporting Person (See Instructions)
OO - Limited Liability Company | |||||
CUSIP No. 92556D 304 Page 6 of 12
| 1. | Names Of Reporting Persons.
NuDevco Retail 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 (See Instructions)
OO, BK | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e)
☐ | |||||
| 6. | Citizenship or Place of Organization
Texas | |||||
| 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 (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
0 | |||||
| 14. | Type of Reporting Person (See Instructions)
OO - Limited Liability Company | |||||
CUSIP No. 92556D 304 Page 7 of 12
| 1. | Names Of Reporting Persons.
NuDevco Retail, LLC | |||||
| 2. | Check The Appropriate Box If a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Source of Funds (See Instructions)
OO, BK | |||||
| 5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e)
☐ | |||||
| 6. | Citizenship or Place of Organization
Texas | |||||
| 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 (See Instructions)
☐ | |||||
| 13. | Percent of Class Represented by Amount in Row (11)
0 | |||||
| 14. | Type of Reporting Person (See Instructions)
OO - Limited Liability Company | |||||
CUSIP No. 92556D 304 Page 8 of 12
Final Amendment to Schedule 13D
This Final Amendment to Schedule 13D (this Amendment) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the SEC) on August 8, 2014, as amended by Amendment No. 1 thereto filed on April 8, 2016 (Amendment No. 1), Amendment No. 2 thereto filed on August 25, 2016 (Amendment No. 2), Amendment No. 3 thereto filed on November 17, 2016 (Amendment No. 3), Amendment No. 4 thereto filed on December 5, 2016 (Amendment No. 4), Amendment No. 5 thereto filed on April 4, 2019 (Amendment No. 5), Amendment No. 6 thereto filed on July 28, 2021 (Amendment No. 6), Amendment No. 7 thereto filed on May 23, 2023 (Amendment No. 7), and Amendment No. 8 thereto filed on December 29, 2023 (Amendment No. 8 and, together with Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, and Amendment No. 8, and amending the Schedule 13D as filed on August 8, 2014, the Schedule 13D), and relates to the beneficial ownership by the Reporting Persons (defined below) of the Class A Common Stock, par value $0.01 per share (the Class A Common Stock) of Via Renewables, Inc., a corporation organized under the laws of the State of Delaware (the Issuer).
This Amendment is being filed jointly by: (i) W. Keith Maxwell III (Individual Filer), (ii) TxEx Energy Investments, LLC, a Texas limited liability company (TxEx), (iii) Retailco, LLC, a Texas limited liability company (Parent), (iv) Electric Holdco, LLC, a Texas limited liability company (Electric Holdco), (v) NuDevco Retail Holdings, LLC, a Texas limited liability company (NuDevco Retail Holdings), and (vi) NuDevco Retail LLC, a Texas limited liability company (NuDevco Retail). TxEx, Parent, Electric Holdco, NuDevco Retail Holdings and NuDevco Retail are collectively referred to as the Reporting Entities. The Individual Filer and the Reporting Entities are collectively referred to as the Reporting Persons.
Except as amended herein, each such prior Schedule 13D, as previously amended, remains in effect. Capitalized terms used herein but not otherwise defined in this Amendment shall have the meaning ascribed to them in the Reporting Persons Schedules 13D as previously amended.
On June 13, 2024, the Issuer consummated the previously announced merger contemplated by that certain Agreement and Plan of Merger, dated as of December 29, 2023, by and among the Issuer, Parent, and NuRetailco LLC, a Delaware limited liability company and wholly owned subsidiary of Parent (Merger Sub), pursuant to which Merger Sub was merged with and into the Issuer (the Merger), with the Issuer continuing as the surviving corporation in the Merger (the Surviving Corporation), following which William Keith Maxwell, III and his affiliates became the registered or beneficial owners of all of the issued and outstanding shares of the Surviving Corporations Class A Common Stock and Class B common stock, par value $0.01 per share (the Class B Common Stock and, together with the Class A Common Stock, Common Stock).
Immediately prior to the Merger, Mr. Maxwell and his affiliates owned approximately 66% of the issued and outstanding shares of Common Stock.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended and restated as follows:
This Final Amendment reflects the beneficial ownership of the Reporting Persons upon the completion of the Merger and the transactions contemplated thereby. As a result of the Merger, the Reporting Persons together beneficially own in the aggregate 3,323,329 shares of Class A Common Stock and 4,000,000 shares of Class B Common Stock, which represents 100% of the Surviving Corporations outstanding shares of Common Stock. Ownership of the Surviving Corporations shares of Common Stock is reflected in the Cover Pages to this Final Amendment.
CUSIP No. 92556D 304 Page 9 of 12
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
| /s/ W. Keith Maxwell III | ||
| W. Keith Maxwell III | 6/13/2024 | |
| /s/ TxEx Energy Investments, LLC, by W. Keith Maxwell III | ||
| 6/13/2024 | ||
| /s/ Retailco, LLC, by W. Keith Maxwell III | ||
| 6/13/2024 | ||
| /s/ Electric Holdco, LLC, by W. Keith Maxwell III | ||
| 6/13/2024 | ||
| /s/ NuDevco Retail Holdings, LLC, by W. Keith Maxwell III | ||
| 6/13/2024 | ||
| /s/ NuDevco Retail, LLC, by W. Keith Maxwell III | ||
| 6/13/2024 | ||
CUSIP No. 92556D 304 Page 10 of 12
SCHEDULE I
The business address of the Individual Filer is 12140 Wickchester Ln., Ste 100, Houston, Texas 77079. The present principal occupation or employment and the name, principal business and address of any other organization in which such employment is conduct is listed below.
| Entity Name and Principal Business | Present Principal Occupation or Employment | |
| TxEx Energy Investments, LLC, a holding company (1) | Chief Executive Officer | |
| Retailco, LLC, a holding company (1) | Chief Executive Officer | |
| Electric Holdco, LLC, a holding company (1) | Chief Executive Officer | |
| NuDevco Retail Holdings, LLC, a holding company (1) | Chief Executive Officer | |
| NuDevco Retail, LLC, a holding company (1) | Chief Executive Officer | |
| Via Renewables, Inc., a retail energy provider (1) | Chief Executive Officer, Chairman of the Board of Directors, Director |
| (1) | The entitys business address is 12140 Wickchester Ln., Ste 100, Houston, Texas 77079. |
CUSIP No. 92556D 304 Page 11 of 12
SCHEDULE II
Each of the Reporting Entities is a holding company with its principal offices located at 12140 Wickchester Ln., Ste 100, Houston, Texas 77079. The present principal occupation or employment of each of the executive officers of each such entity is set forth below.
TxEx Energy Investments, LLC
| Name | Present Principal Occupation or Employment | Business Address | Citizenship | |||
| W. Keith Maxwell III | Chief Executive Officer | (1) | United States | |||
| Michael Tsang | President | (1) | United States | |||
| Todd Gibson | Executive Vice President and Chief Financial Officer | (1) | United States | |||
| Casey Marcin | General Counsel | (1) | United States | |||
Retailco, LLC
| Name | Present Principal Occupation or Employment | Business Address | Citizenship | |||
| W. Keith Maxwell III | Chief Executive Officer | (1) | United States | |||
| Michael Tsang | President | (1) | United States | |||
| Todd Gibson | Executive Vice President and Chief Financial Officer | (1) | United States | |||
| Casey Marcin | General Counsel | (1) | United States | |||
Electric Holdco, LLC
| Name | Present Principal Occupation or Employment | Business Address | Citizenship | |||
| W. Keith Maxwell III | Chief Executive Officer | (1) | United States | |||
| Michael Tsang | President | (1) | United States | |||
| Todd Gibson | Executive Vice President and Chief Financial Officer | (1) | United States | |||
| Casey Marcin | General Counsel | (1) | United States | |||
CUSIP No. 92556D 304 Page 12 of 12
NuDevco Retail Holdings, LLC
| Name | Present Principal Occupation or Employment | Business Address | Citizenship | |||
| W. Keith Maxwell III | Chief Executive Officer | (1) | United States | |||
| Michael Tsang | President | (1) | United States | |||
| Todd Gibson | Executive Vice President and Chief Financial Officer | (1) | United States | |||
| Casey Marcin | General Counsel | (1) | United States | |||
NuDevco Retail, LLC
| Name | Present Principal Occupation or Employment | Business Address | Citizenship | |||
| W. Keith Maxwell III | Chief Executive Officer | (1) | United States | |||
| Michael Tsang | President | (1) | United States | |||
| Todd Gibson | Executive Vice President and Chief Financial Officer | (1) | United States | |||
| Casey Marcin | General Counsel | (1) | United States | |||
| (1) | 12140 Wickchester Ln., Ste 100, Houston, Texas 77079. |