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Filing Details

Accession Number:: 0000950170-25-039760
Form Type:: 13D Filing
Publication Date:: 2025-03-13 20:00:00

Filed By:: Alfred M. Rankin, Jr.
Company:: Hyster-Yale Inc. (NYSE:HY)
Filing Date:: 2025-03-14
SEC Url:: 13D Filing

Ownership Summary

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
Alfred M. Rankin, Jr.	14,160	2,878,366	14,160	3,203,070	3,217,230	93.1%
Clara T. Rankin Williams	0	324,704	0	3,203,070	3,203,070	92.7%
Helen R. Butler	0	324,704	0	3,205,870	3,205,870	92.8%
John C. Butler, Jr.	2,800	0	2,800	3,203,070	3,205,870	92.8%
David B. Williams	0	0	0	3,203,070	3,203,070	92.7%

Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 12)

Hyster-Yale, Inc.

(Name of Issuer)

Class B Common Stock, par value $0.01 per share

(Title of Class of Securities)

449172204

(CUSIP Number)

Alfred M. Rankin, Jr.
5875 Landerbrook Drive, Suite 300
Cleveland, OH, 44124-4017
(440) 449-9600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/12/2025

(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. Checkbox not checked

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.

449172204

Name of reporting person

Alfred M. Rankin, Jr.

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 14,160.00
8	Shared Voting Power 2,878,366.00
9	Sole Dispositive Power 14,160.00
10	Shared Dispositive Power 3,203,070.00

Aggregate amount beneficially owned by each reporting person

3,217,230.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

93.1 %

Type of Reporting Person (See Instructions)

SCHEDULE 13D

CUSIP No.

449172204

Name of reporting person

Clara T. Rankin Williams

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 324,704.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,203,070.00

Aggregate amount beneficially owned by each reporting person

3,203,070.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

92.7 %

Type of Reporting Person (See Instructions)

SCHEDULE 13D

CUSIP No.

449172204

Name of reporting person

Helen R. Butler

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 324,704.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,205,870.00

Aggregate amount beneficially owned by each reporting person

3,205,870.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

92.8 %

Type of Reporting Person (See Instructions)

SCHEDULE 13D

CUSIP No.

449172204

Name of reporting person

John C. Butler, Jr.

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,800.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,800.00
10	Shared Dispositive Power 3,203,070.00

Aggregate amount beneficially owned by each reporting person

3,205,870.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

92.8 %

Type of Reporting Person (See Instructions)

SCHEDULE 13D

CUSIP No.

449172204

Name of reporting person

David B. Williams

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,203,070.00

Aggregate amount beneficially owned by each reporting person

3,203,070.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

92.7 %

Type of Reporting Person (See Instructions)

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Class B Common Stock, par value $0.01 per share

(b)

Name of Issuer:

Hyster-Yale, Inc.

(c)

Address of Issuer's Principal Executive Offices:

5875 Landerbrook Drive, Suite 300, Cleveland, OHIO , 44124-4017.

Item 1 Comment:

Part II to Schedule 13D/A This Amendment No. 12 to Schedule 13D (this "Amendment No. 12") is hereby filed to update and supplement certain information with respect to beneficial ownership of shares of Class B Common Stock of Hyster-Yale, Inc. (the "Issuer") held by Rankin Associates II, L.P., a Delaware limited partnership, that appeared in the Schedule 13D filed by the Reporting Persons on February 14, 2013 (the "Initial Filing"), as amended by Amendment No. 1 filed on February 14, 2014 ("Amendment No. 1"), as further amended by Amendment No. 2 filed on February 17, 2015 ("Amendment No. 2"), as further amended by Amendment No. 3 filed on February 16, 2016 ("Amendment No. 3"), as further amended by Amendment No. 4 filed on February 14, 2017 ("Amendment No. 4"), as further amended by Amendment No. 5 filed on February 14, 2018 ("Amendment No. 5"), as further amended by Amendment No. 6 filed on February 14, 2019 ("Amendment No. 6"), as further amended by Amendment No. 7 filed on February 13, 2020 ("Amendment No. 7"), as further amended by Amendment No. 8 filed on February 12, 2021 ("Amendment No. 8"), as further amended by Amendment No. 9 filed on February 14, 2022 ("Amendment No. 9"), as further amended by Amendment No. 10 filed on February 14, 2023 ("Amendment No. 10"), and as further amended by Amendment No. 11 filed on February 13, 2024 (collectively with the Initial Filing, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8, Amendment No. 9, and Amendment No. 10 the "Filings"). This Amendment No. 12 (a) updates certain information with respect to certain Reporting Persons under the Filings and (b) reflects the acquisition and/or disposition of shares of Class B Common by certain Reporting Persons. Capitalized terms used herein but not defined herein have the meanings assigned to them in the Filings.

Item 2.

Identity and Background

(a)

The statements under the heading Clara T. Rankin Williams, which appear in the Filings, are hereby deleted and replaced by the following: Clara T. Rankin Williams. Ms. Williams's resident address is 1654 N. Dayton Street, Chicago, Illinois 60614. She is Chief Executive Officer of the Clara Williams Company. The statements under the heading HRB 2020 GST Trust for Clara R. Butler, which appear in the Filings, are hereby deleted and replaced by the following: HRB 2020 GST Trust for Clara R. Butler. Clara T. Rankin Williams is the trustee of the trust. Ms. Williams' resident address is 1654 N. Dayton Street, Chicago, Illinois 60614. She is Chief Executive Officer of the Clara Williams Company. The statements under the heading HRB 2020 GST Trust for Griffin B. Butler, which appear in the Filings, are hereby deleted and replaced by the following: HRB 2020 GST Trust for Griffin B. Butler. Clara T. Rankin Williams is the trustee of the trust. Ms. Williams' resident address is 1654 N. Dayton Street, Chicago, Illinois 60614. She is Chief Executive Officer of the Clara Williams Company. The statements under the heading BTR 2020 GST for Clara R. Williams, which appear in the Filings, are hereby deleted and replaced by the following: BTR 2020 GST for Clara R. Williams. Clara T. Rankin Williams is the trustee of the trust. Ms. Williams' resident address is 1654 N. Dayton Street, Chicago, Illinois 60614. She is Chief Executive Officer of the Clara Williams Company.

Item 5.

Interest in Securities of the Issuer

(a)

The statements under the heading Alfred M. Rankin, Jr., which appear in the Filings, are hereby deleted and replaced in their entirety by the following: Alfred M. Rankin, Jr. Mr. Rankin has the sole power to vote and dispose of 14,160 shares of Class B Common, shares the power to vote 2,878,366 shares of Class B Common and shares the power to dispose of 3,203,070 shares of Class B Common. Collectively, the 3,217,230 shares of Class B Common beneficially owned by Mr. Rankin constitute approximately 93.1% of the Class B Common outstanding as of March 12, 2025. The statements under the heading Helen R. Butler, which appear in the Filings, are hereby deleted and replaced in their entirety by the following: Helen R. Butler. Ms. Butler shares the power to vote 324,704 shares of Class B Common and shares the power to dispose of 3,205,870 shares of Class B Common. Collectively, the 3,205,870 shares of Class B Common beneficially owned by Ms. Butler constitute approximately 92.8% of the Class B Common outstanding as of March 12, 2025. The statements under the heading Clara T. Rankin Williams, which appear in the Filings, are hereby deleted and replaced in their entirety by the following: Clara T. Rankin Williams. Ms. Williams shares the power to vote 324,704 shares of Class B Common and shares the power to dispose of 3,203,070 shares of Class B Common. Collectively, the 3,203,070 shares of Class B Common beneficially owned by Ms. Williams constitute approximately 92.7% of the Class B Common outstanding as of March 12, 2025. The statements under the heading John C. Butler, Jr., which appear in the Filings, are hereby deleted and replaced in their entirety by the following: John C. Butler, Jr. Mr. Butler has the sole power to vote and dispose of 2,800 shares of Class B Common, shares the power to dispose of 3,203,070 shares of Class B Common. Collectively, the 3,205,870 shares of Class B Common beneficially owned by Mr. Butler constitute approximately 92.8% of the Class B Common outstanding as of March 12, 2025. The statements under the heading David B. Williams, which appear in the Filings, are hereby deleted and replaced in their entirety by the following: David B. Williams. Mr. Williams shares the power to dispose of 3,203,070 shares of Class B Common. Collectively, the 3,203,070 shares of Class B Common beneficially owned by Mr. Williams constitute approximately 92.7% of the Class B Common outstanding as of March 12, 2025.

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

The information provided with respect to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. under the heading AMR Associates, L.P., which appears in the Initial Filing, is hereby amended by inserting at the end thereof the following: AMR Associates, L.P. Effective August 8, 2023, the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was amended to allow the use of abbreviated names of the partners, as listed in Schedules A and B thereto, for record keeping purposes. A copy of the Second Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. is attached hereto as Exhibit 34 and is incorporated herein in its entirety by reference thereto. Effective June 13, 2024, the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was amended to eliminate the Class A-1 Limited Partnership Interests. A copy of the Third Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. is attached hereto as Exhibit 35 and is incorporated herein in its entirety by reference thereto. Effective March 12, 2025, the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. was amended to add an additional limited partner to AMR Associates, L.P. A copy of the Fourth Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P. is attached hereto as Exhibit 36 and is incorporated herein in its entirety by reference thereto.

Item 7.

Material to be Filed as Exhibits.

Item 7 of the Filings is hereby amended by adding the following: Exhibit 34: Second Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P., dated as of August 8, 2023 Exhibit 35: Third Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P., dated as of June 13, 2024 Exhibit 36: Fourth Amendment to the First Amended and Restated Limited Partnership Agreement of AMR Associates, L.P., dated as of March 12, 2025.

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.

Alfred M. Rankin, Jr.

Signature:	/s/ Alfred M. Rankin, Jr.
Name/Title:	Alfred M. Rankin, Jr., (1)
Date:	03/14/2025

Clara T. Rankin Williams

Signature:	/s/ Alfred M. Rankin, Jr.
Name/Title:	Attorney-in-Fact for Clara T. Rankin WIlliams*
Date:	03/14/2025

Helen R. Butler

Signature:	/s/ Alfred M. Rankin, Jr.
Name/Title:	Attorney-in-Fact for Helen R. Butler*
Date:	03/14/2025

John C. Butler, Jr.

Signature:	/s/ Alfred M. Rankin, Jr.
Name/Title:	Attorney-in-Fact for John C. Butler, Jr.*
Date:	03/14/2025

David B. Williams

Signature:	/s/ Alfred M. Rankin, Jr.
Name/Title:	Attorney-in-Fact for David B. Williams
Date:	03/14/2025

Comments accompanying signature:

(1) On behalf of Rankin Associates II, L.P. as President of Rankin Management, Inc., its Managing Partner, Rankin Management, Inc. as President, himself and as: Attorney-in-Fact for Thomas T. Rankin*; Attorney-in-Fact for Matthew M. Rankin*; Attorney-in-Fact for Claiborne R. Rankin*; Attorney-in-Fact for Chloe O. Rankin*; Attorney-in-Fact for Roger F. Rankin*; Attorney-in-Fact for Alison A. Rankin*; Attorney-in-Fact for Corbin K. Rankin*; Attorney-in-Fact for James T. Rankin*; Attorney-in-Fact for Claiborne R. Rankin, Jr.*; Attorney-in-Fact for Scott W. Seelbach*; Attorney-in-Fact for Elizabeth B. Rankin*; Attorney-in-Fact for Thomas P. Rankin*; Attorney-in-Fact for Julia Rankin Kuipers*; Attorney-in-Fact for Lynne T. Rankin*; Attorney-in-Fact for Chloe R. Seelbach*; Attorney-in-Fact for CRW 2020 GST Trust for Margo J.V. Williams*; Attorney-in-Fact for CRW 2020 GST Trust for Helen C. Williams*; Attorney-in-Fact for HRB 2020 GST Trust for Clara R. Butler*; Attorney-in-Fact for HRB 2020 GST Trust for Griffin B. Butler*; Attorney-in-Fact for JCB 2020 GST Trust for Clara R. Butler*; Attorney-in-Fact for JCB 2020 GST Trust for Griffin B. Butler*; Attorney-in-Fact for BTR 2020 GST for Helen R. Butler*; Attorney-in-Fact for BTR 2020 GST for Clara R. Williams*; Attorney-in-Fact for BTR 2020 GST for Matthew M. Rankin*; Attorney-in-Fact for BTR 2020 GST for James T. Rankin*; Attorney-in-Fact for BTR 2020 GST for Thomas P.K. Rankin*; Attorney-in-Fact for BTR 2020 GST for Chloe R. Seelbach*; Attorney-in-Fact for BTR 2020 GST for Claiborne R. Rankin, Jr.*; Attorney-in-Fact for BTR 2020 GST for Julia R. Kuipers*; Attorney-in-Fact for BTR 2020 GST for Anne F. Rankin*; Attorney-in-Fact for BTR 2020 GST for Elisabeth M. Rankin*; Attorney-in-Fact for Alison A. Rankin, as trustee fbo A. Farnham Rankin under Irrevocable Trust No. 1, dated December 18, 1997, with Roger Rankin, Grantor* Attorney-in-Fact for Alison A. Rankin, as trustee fbo Elisabeth M. Rankin under Irrevocable Trust No. 1, dated December 18, 1997, with Roger Rankin, Grantor*; Attorney-in-Fact for Alison A. Rankin as Trustee under Irrevocable Trust No. 2, dated September 11, 2000, for the benefit of A. Farnham Rankin*; Attorney-in-Fact for Alison A. Rankin as Trustee under Irrevocable Trust No. 2, dated September 11, 2000, for the benefit of Elisabeth M. Rankin*; Attorney-in-Fact for 2012 Alison A. Rankin Trust* *The power of attorney authorizing the above named individual to act on behalf of each of the foregoing Reporting Persons is included in Exhibit 23 of the Filings.