Item 1. | |
(a) | Name of issuer:
FORUM ENERGY TECHNOLOGIES, INC. |
(b) | Address of issuer's principal executive
offices:
10344 SAM HOUSTON PARK DRIVE
SUITE 300
HOUSTON, TEXAS
77064 |
Item 2. | |
(a) | Name of person filing:
MacKay Shields LLC |
(b) | Address or principal business office or, if
none, residence:
299 Park Avenue
32nd Floor
New York, New York
10171 |
(c) | Citizenship:
MacKay Shields LLC - DELAWARE |
(d) | Title of class of securities:
Common Stock |
(e) | CUSIP No.:
34984V209 |
Item 3. | If this statement is filed pursuant to §§
240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
(a) | Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
(b) | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
(c) | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
(d) | Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
(e) | An
investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
(f) | An
employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
(g) | A
parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
(h) | A
savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813); |
(i) | A
church plan that is excluded from the definition of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) | A
non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S.
institution in accordance with § 240.13d-1(b)(1)(ii)(J), please
specify the type of institution: |
(k) | Group,
in accordance with Rule 240.13d-1(b)(1)(ii)(K). |
| |
Item 4. | Ownership |
(a) | Amount beneficially owned:
911294 |
(b) | Percent of class:
7.42 % |
(c) | Number of shares as to which the person has:
|
| (i) Sole power to vote or to direct the vote:
MacKay Shields LLC - 911294
|
| (ii) Shared power to vote or to direct the
vote:
MacKay Shields LLC - 0
|
| (iii) Sole power to dispose or to direct the
disposition of:
MacKay Shields LLC - 911294
|
| (iv) Shared power to dispose or to direct the
disposition of:
MacKay Shields LLC - 0
|
Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Item 6. | Ownership of more than 5 Percent on Behalf of
Another Person. |
|
If any other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to
that effect should be included in response to this item and, if such interest relates to more
than 5 percent of the class, such person should be identified. A listing of the shareholders of
an investment company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
MacKay Shields LLC, an investment advisor registered under Section 203 of the Investment Advisors Act of 1940 is deemed to be the beneficial owner of 911,294 shares of the 7.42% of the Common Stock believe to be outstanding as a result of acting as investment adviser to various clients. All calculations of percentage ownership are based on a total of 12, 283.670 shares of Common Stock issued and outstanding as of December 31, 2024, as disclosed on the Company's Form 10-Q filed with Securities and Exchange Commission on November 1, 2024.
The NYLI Mainstay High Yield Corporate Bond Fund, a registered investment Company for which MacKay Shields acts as a sub investment adviser, may be deemed to beneficially own 4.97% of the outstanding common stock of the Company. New York Life Investment Management LLC and indirect wholly owned subsidiary of New York Life and an affiliate of MacKay Shields LLC, is the manager of the NYLI Mainstay High Yield Corporate Bond Fund. |
Item 7. | Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or
Control Person. |
|
Not Applicable
|
Item 8. | Identification and Classification of Members
of the Group. |
|
Not Applicable
|
Item 9. | Notice of Dissolution of Group. |
|
Not Applicable
|