ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
A. Major shareholders
The following table presents the beneficial ownership of our common shares as of March 12, 2022, except for certain shareholders whose last available data is as of December 31, 2021, as noted below:
| | | | | |
| | | | Percentage of | |
| | | | outstanding | |
Shareholder | | Common shares | | common shares | |
James F. Park(1) | | 8,414,255 | | 14.0 | % |
Gerald E. O’Shaughnessy(2) | | 5,895,080 | | 9.8 | % |
Compass Group LLC (3) | | 6,102,239 | | 10.2 | % |
Renaissance Technologies LLC(4) | | 3,538,931 | | 5.9 | % |
Other shareholders | | 36,095,685 | | 60.1 | % |
Total | | 60,046,190 | | 100.0 | % |
| (1) | Held by Mr. Park directly and indirectly through GoodRock, LLC. The information set forth above and listed in the table is based solely on the disclosure set forth in Mr. Park’s most recent Schedule 13G filed with the SEC on February 14, 2022. 602,400 of Mr. Park’s shares have been pledged pursuant to lending arrangements. |
| (2) | Held by Mr. O’Shaughnessy directly and indirectly through GP Investments LLP; GPK Holdings, LLC; The Globe Resources Group, Inc.; and other investment vehicles. The information set forth above and listed in the table is based solely on the information provided by Mr. O’Shaughnessy to the Company. |
| (3) | The information set forth above and listed in the table is based solely on the disclosure set forth in Compass Group LLC’s most recent Schedule 13G filed with the SEC on February 11, 2022. |
| (4) | Beneficially owned by Renaissance Technologies Holdings Corporation and Renaissance Technologies LLC (jointly “Renaissance”). The information set forth above and listed in the table is based solely on the disclosure set forth in Renaissance’s most recent Schedule 13G filed with the SEC on February 14, 2022. |
Principal shareholders do not have any different or special voting rights in comparison to any other common shareholder.
According to our transfer agent, as of March 12, 2022, we had 14 registered shareholders, out of which 5 are registered as U.S. shareholders. Since some of the shares are held by nominees, the number of shareholders may not be representative of the number of beneficial owners.
B. Related party transactions
We have entered into the following transactions with related parties:
Executive Directors’ Service Agreements
We have entered into service contracts with certain of our executive directors. See “Item 6. Directors, Senior Management and Employees—B. Compensation—Senior management and director compensation—.”
For further information relating to our related party transactions and balances outstanding as of December 31, 2021, 2020 and 2019, please see Note 34 to our Consolidated Financial Statements.
C. Interests of Experts and Counsel
Not applicable.