SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/01/2024 |
3. Issuer Name and Ticker or Trading Symbol
ONE Group Hospitality, Inc. [ STKS ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Series A Preferred Stock(1) | 150,000 | I | By HPC III Kaizen LP(2)(3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrants to Purchase Common Stock(1) | 05/01/2024 | 05/01/2034 | Common Stock | 1,786,582 | 0.01 | I | By HPC III Kaizen LP(2)(3) |
Warrants to Purchase Common Stock(1) | 05/01/2024 | 05/01/2029 | Common Stock | 1,000,000 | 10 | I | By HPC III Kaizen LP(2)(3) |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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Explanation of Responses: |
1. This Form 3 is filed jointly by HPC III Kaizen LP ("HPC III Kaizen"), Hill Path Capital Partners III GP LLC ("Hill Path III GP"), Hill Path Investment Holdings III LLC ("Hill Path Investment Holdings III"), Hill Path Capital LP ("Hill Path"), Hill Path Holdings LLC ("Hill Path Holdings") and Scott Ross ("Mr. Ross," and collectively with the aforementioned entities, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
2. Securities owned directly by HPC III Kaizen. Hill Path III GP, as the general partner of HPC III Kaizen, may be deemed to beneficially own the securities owned directly by HPC III Kaizen. Hill Path Investment Holdings III, as the managing member of Hill Path III GP, may be deemed to beneficially own the securities owned directly by HPC III Kaizen. |
3. Hill Path, as the investment manager of HPC III Kaizen, may be deemed to beneficially own the securities owned directly by HPC III Kaizen. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the securities owned directly by HPC III Kaizen. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings III, Hill Path and Hill Path Holdings, may be deemed to beneficially own the securities owned directly by HPC III Kaizen. |
Remarks: |
HPC III Kaizen, Hill Path III GP, Hill Path Investment Holdings III, Hill Path and Hill Path Holdings may be deemed to be directors by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Mr. Ross and James Chambers, a partner of Hill Path, currently serve on the board of directors of the Issuer. |
HPC III Kaizen LP, By: Hill Path Capital LP, By: /s/ Scott Ross, Managing Partner | 05/08/2024 | |
Hill Path Capital Partners III GP LLC, By: Hill Path Investment Holdings III LLC, By: /s/ Scott Ross, Managing Partner | 05/08/2024 | |
Hill Path Investment Holdings III LLC, By: /s/ Scott Ross, Managing Partner | 05/08/2024 | |
Hill Path Capital LP, By: Hill Path Holdings LLC, By: /s/ Scott Ross, Managing Partner | 05/08/2024 | |
Hill Path Holdings LLC, By: /s/ Scott Ross, Managing Partner | 05/08/2024 | |
/s/ Scott Ross | 05/08/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |