Quest Resource Holding Corp
13.30%
2,734,349
1442236
74836W203
May 6, 2025
May 8, 2025, 04:15 PM
Reporting Persons (8)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Nelson Obus | Individual | 13.30% | 2,734,349 | 2,734,349 | 0 |
| Joshua Landes | Individual | 13.30% | 2,734,349 | 2,734,349 | 0 |
| Wynnefield Capital Management, LLC | Other | 10.40% | 2,137,340 | 2,137,340 | 0 |
| Wynnefield Partners Small Cap Value, L.P. I | Partnership | 6.30% | 1,294,093 | 1,294,093 | 0 |
| Wynnefield Partners Small Cap Value, L.P. | Partnership | 4.10% | 843,247 | 843,247 | 0 |
| Wynnefield Capital, Inc. | CO | 1.70% | 340,006 | 340,006 | 0 |
| Wynnefield Small Cap Value Offshore Fund, Ltd. | CO | 1.70% | 340,006 | 340,006 | 0 |
| Wynnefield Capital, Inc. Profit Sharing Plan | Employee Benefit Plan | 1.20% | 257,003 | 257,003 | 0 |
Disclosure Items (7)
Common Stock, $0.001 par value
Quest Resource Holding Corp
3481 Plano Parkway, The Colony, TX, 75056
This Schedule 13D is filed by Wynnefield Partners Small Cap Value, L.P., a Delaware limited partnership ("Wynnefield Partners"), Wynnefield Partners Small Cap Value, L.P. I, a Delaware limited partnership ("Wynnefield Partners I"), Wynnefield Small Cap Value Offshore Fund, Ltd., a private investment company organized under the laws of the Cayman Islands ("Wynnefield Offshore"), Wynnefield Capital, Inc. Profit Sharing Plan, an employee profit sharing plan organized under the laws of the State of Delaware (the "Wynnefield Plan"), Wynnefield Capital Management, LLC, a New York limited liability company ("WCM"), Wynnefield Capital, Inc., a Delaware corporation ("WCI"), Nelson Obus, a citizen of the United States of America, and Joshua Landes, a citizen of the United States of America (collectively, the "Wynnefield Reporting Persons").
The business address of the Wynnefield Reporting Persons is 450 Seventh Avenue, Suite 509, New York, New York 10123.
The principal business of each of Wynnefield Partners, Wynnefield Partners I and Wynnefield Offshore is to invest in securities. The principal business of the Wynnefield Plan is to serve as an employee-benefit plan conferring certain employee and long-term benefits to employees of Wynnefield Partners I and its affiliates. The principal business of WCM is to serve as the general partner and investment manager of each of Wynnefield Partners, Wynnefield Partners I, and certain of their respective affiliates from time to time. The principal business of WCI is to serve as the investment manager of Wynnefield Offshore, and certain of its affiliates from time to time. The principal occupation of Mr. Obus is serving as the president of WCI, the co-managing member of WCM and the co-trustee of the Wynnefield Plan. The principal occupation of Mr. Landes is serving as the vice-president of WCI, the co-managing member of WCM and the co-trustee of the Wynnefield Plan.
During the last five years, none of the Wynnefield Reporting Persons have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Each of Wynnefield Partners, Wynnefield Partners I, the Wynnefield Plan and WCI is organized under the laws of the State of Delaware. Wynnefield Offshore is organized under the laws of the Cayman Islands. WCM is organized under the laws of the State of New York. Each of Messrs. Obus and Landes are citizens of the United States of America.
The securities reported in this Schedule 13D as directly beneficially owned by the Wynnefield Reporting Persons were acquired with funds of approximately $8,472,971 (including brokerage commissions) (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. All such funds were provided from the working capital or personal funds of the Wynnefield Reporting Persons who directly beneficially owns such securities.
The percentages used in this Schedule 13D are based upon 20,606,395 shares of Common Stock outstanding as of March 3, 2025, as reported in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the "Commission") on March 12, 2025. As of May 7, 2025, the Wynnefield Reporting Persons beneficially owned in the aggregate 2,734,349 shares of Common Stock, constituting approximately 13.3% of the outstanding shares of Common Stock. See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentage of the shares of Common Stock beneficially owned by each of the Wynnefield Reporting Persons as of the close of business on May 7, 2025. WCM, as the sole general partner of Wynnefield Partners and Wynnefield Partners I, may be deemed to beneficially own the shares of Common Stock that Wynnefield Partners and Wynnefield Partners I beneficially own. Messrs. Obus and Landes, as the co-managing members of WCM, may be deemed to beneficially own the shares of Common Stock that Wynnefield Partners and Wynnefield Partners I beneficially own. WCI, as the sole investment manager of Wynnefield Offshore, may be deemed to beneficially own the shares of Common Stock that Wynnefield Offshore beneficially owns. Mr. Obus, as the president of WCI, may be deemed to beneficially own the shares of Common Stock that Wynnefield Offshore beneficially owns. Mr. Landes, as the vice-president of WCI, may be deemed to beneficially own the shares of Common Stock that Wynnefield Offshore beneficially owns. Messrs. Obus and Landes, as the co-trustees of the Wynnefield Plan, may be deemed to beneficially own the shares of Common Stock that the Wynnefield Plan beneficially owns. The filing of this Schedule 13D and any future amendment by the Wynnefield Reporting Persons, and the inclusion of information herein and therein with respect to WCM, WCI and Messrs. Obus and Landes, shall not be considered an admission that any of such persons, for the purpose of Section 16(b) of the Exchange Act, are the beneficial owners of any shares in which such persons do not have a pecuniary interest. Each of WCM, WCI and Messrs. Obus and Landes disclaims any beneficial ownership of the shares of Common Stock covered by this Schedule 13D.
See rows (7) through (10) of the cover pages to this Schedule 13D for the number of shares of Common Stock as to which each Wynnefield Reporting Person has the sole or shared power to vote or direct the vote and the sole or shared power to dispose or to direct the disposition.
The Wynnefield Reporting Persons have not entered into any transactions in the securities of the Issuer during the past sixty days.
Not Applicable.
Not Applicable.
Each of the Wynnefield Reporting Persons is a party to that certain Joint Filing Agreement, dated as of May 8, 2025 (the "Joint Filing Agreement"), pursuant to which each of the Wynnefield Reporting Persons agreed to jointly file this Schedule 13D and any and all future amendments hereto with the Commission. The Joint Filing Agreement is filed herewith as Exhibit 99.2 and is incorporated herein by reference to its entirety in this response to Item 6. The disclosure set forth in Item 4 of this Schedule 13D with respect to the Cooperation Agreement is incorporated into this Item 6 by reference. Except for the agreements described in this Schedule 13D, to the best knowledge of the Wynnefield Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between the Wynnefield Reporting Persons, and any other person, with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.
Exhibit 99.1 Cooperation Agreement, dated as of May 7, 2025, by and among Wynnefield Partners Small Cap Value, L.P.; Wynnefield Partners Small Cap Value, L.P. I; Wynnefield Small Cap Value Offshore Fund, Ltd.; Wynnefield Capital, Inc. Profit Sharing Plan; Wynnefield Capital Management, LLC; Wynnefield Capital, Inc.; Nelson Obus, Joshua Landes and Quest Resource Holding Corporation (incorporated by reference to Exhibit 10.1 to the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 7, 2025). Exhibit 99.2 Joint Filing Agreement, dated as of May 8, 2025, by and among Wynnefield Partners Small Cap Value, L.P.; Wynnefield Partners Small Cap Value, L.P. I; Wynnefield Small Cap Value Offshore Fund, Ltd.; Wynnefield Capital, Inc. Profit Sharing Plan; Wynnefield Capital Management, LLC; Wynnefield Capital, Inc.; Nelson Obus and Joshua H. Landes.