0001140361-24-009079.txt : 20240222 0001140361-24-009079.hdr.sgml : 20240222 20240222192650 ACCESSION NUMBER: 0001140361-24-009079 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 GROUP MEMBERS: BEACH POINT GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIEBOLD NIXDORF, Inc CENTRAL INDEX KEY: 0000028823 STANDARD INDUSTRIAL CLASSIFICATION: CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578] ORGANIZATION NAME: 06 Technology IRS NUMBER: 340183970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31983 FILM NUMBER: 24666782 BUSINESS ADDRESS: STREET 1: 50 EXECUTIVE PKWY CITY: HUDSON STATE: OH ZIP: 44236 BUSINESS PHONE: 3304904000 MAIL ADDRESS: STREET 1: 50 EXECUTIVE PKWY STREET 2: P.O. BOX 2520 CITY: HUDSON STATE: OH ZIP: 44236 FORMER COMPANY: FORMER CONFORMED NAME: DIEBOLD INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Beach Point Capital Management LP CENTRAL INDEX KEY: 0001453885 ORGANIZATION NAME: IRS NUMBER: 800242162 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1620 26TH STREET STREET 2: SUITE 6000N CITY: SANTA MONICA STATE: CA ZIP: 90404 BUSINESS PHONE: (310) 996-9700 MAIL ADDRESS: STREET 1: 1620 26TH STREET STREET 2: SUITE 6000N CITY: SANTA MONICA STATE: CA ZIP: 90404 SC 13D/A 1 ef20022243_sc13da.htm SC 13D/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Diebold Nixdorf, Incorporated
(Name of Issuer)

Common stock, par value $0.01 per share
(Title of Class of Securities)

253651202
(CUSIP Number)

Lawrence M. Goldman
Beach Point Capital Management LP
1620 26th Street, Suite 6000n
Santa Monica, CA  90404
310-996-9700
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

February 20, 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. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 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 the disclosures provided in a prior cover page.

The information required in 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).



CUSIP No: 253651202
SCHEDULE 13D
Page 2 of 5 pages
1
NAMES OF REPORTING PERSONS
 
 
Beach Point Capital Management LP
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 

 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
 
 
2,949,427
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
2,949,427
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
2,949,427
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 

 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
7.9% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 

1.
This percentage is based on a total of 37,566,668 shares of New Common Stock (as defined herein) outstanding as of November 6, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on November 9, 2023.


CUSIP No: 253651202
SCHEDULE 13D
Page 3 of 5 pages
1
NAMES OF REPORTING PERSONS
 
 
Beach Point GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 

 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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
 
 
2,949,427
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
2,949,427
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
2,949,427
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 

 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
7.9% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
HC
 
 
 
 

1.
This percentage is based on a total of 37,566,668 shares of New Common Stock outstanding as of November 6, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on November 9, 2023.


CUSIP No: 253651202
SCHEDULE 13D
Page 4 of 5 pages
Item 1.
Security and Issuer

Item 1 of the Schedule 13D is hereby amended and supplemented as follows:

This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) is being filed by the undersigned, pursuant to §240.13d-2(a), to amend and supplement the Schedule 13D filed on August 18, 2023 (the “Original Schedule 13D” and, together with this Amendment No. 1, the “Schedule 13D”), with respect to the shares of common stock, par value $0.01 per share (“New Common Stock”), of Diebold Nixdorf, Incorporated, a Delaware corporation (the “Issuer” or the “Company”), whose principal executive offices are located at 50 Executive Parkway, P.O. Box 2520, Hudson, Ohio 44236. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. All capitalized terms used herein but not otherwise defined shall have the respective meanings ascribed thereto in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Original Schedule 13D.

Item 5.
Interest in Securities of the Issuer

Item 5(a) - (c) of the Schedule 13D is hereby amended and supplemented as follows:

(a, b) As of the date hereof, each of the Reporting Persons may be deemed to have beneficial ownership, shared voting power and shared dispositive power with regard to 2,949,427 shares of New Common Stock held by the Clients, which represents approximately 7.9% of shares of New Common Stock outstanding.

The foregoing beneficial ownership percentage is based on a total of 37,566,668 shares of New Common Stock outstanding as of November 6, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on November 9, 2023.

(c) Except for the transactions listed in Exhibit 3 to this Amendment No. 1, there have been no transactions in the shares of New Common Stock by the Reporting Persons during the past sixty days.

Item 7.
Material to be Filed as Exhibits

Item 7 of the Schedule 13D is hereby amended and supplemented as follows:

Schedule of Transactions, in response to Item 5(c).


CUSIP No: 253651202
SCHEDULE 13D
Page 5 of 5 pages
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.

 
Beach Point Capital Management LP
   
 
By: /s/ Lawrence M. Goldman
 
Name: Lawrence M. Goldman
 
Title: Chief Administrative Officer and General Counsel
   
 
Beach Point GP LLC
   
 
By: /s/ Lawrence M. Goldman
 
Name: Lawrence M. Goldman
 
Title: Chief Administrative Officer and General Counsel
   
February 22, 2024
 
Attention: Intentional misstatements or omissions of fact constitute federal violations (see 18 U.S.C. 1001).



EX-99.3 2 ef20022243_ex3.htm EXHIBIT 3

EXHIBIT 3
 SCHEDULE OF TRANSACTIONS
 
The following table sets forth all transactions with respect to the shares of New Common Stock effected during the past sixty days prior to the filing of this Amendment No. 1 by the Clients. All of these transactions were effected in the open market through a broker.

Date of Transaction
Transaction
Amount of Securities
Price
12/26/2023
Sell
1,388
$29.00
12/27/2023
Sell
5,377
$29.00
12/28/2023
Sell
200
$29.00
12/29/2023
Sell
5,135
$29.00
01/08/2024
Sell
7,233
$29.0191
02/12/2024
Sell
7,470
$32.5003
02/14/2024
Sell
17,530
$33.5561
02/15/2024
Sell
25,000
$33.5408
02/15/2024
Sell
25,000
$34.0119
02/16/2024
Sell
20,424
$34.0376
02/20/2024
Sell
49,363
$34.3662
02/21/2024
Sell
5,406
$34.0847
02/22/2024
Sell
1,735
$34.5807