Sec Form 13D Filing - ILJIN SNT Co. Ltd. filing for Aurinia Pharmaceuticals Inc. (AUPH) - 2023-05-10

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

SCHEDULE 13D 

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

§240.13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO §240.13D-2(a)

 

Under the Securities Exchange Act of 1934 

 

(Amendment No. 14)

 

 

 

Aurinia Pharmaceuticals Inc.

(Name of Issuer)

 

Common Shares, no par value

(Title of Class of Securities)

 

05156V102

(CUSIP Number)

 

ILJIN SNT Co., Ltd.

(Dohwa-dong), 45 Maop-daero, Mapo-gu

Seoul, Korea 121-716

Attention: Young Hwa Kim

+82-2-707-9137

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

May 10, 2023

(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. ¨

 

The information required on 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. 05156V102

 

 

 

 

1.

 

 

Name of Reporting Person
I.R.S. Identification No. of above person (entities only) (voluntary)

 

ILJIN SNT Co., Ltd. 

 

 

 

2.

 

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ¨

(b) x

 

 

 

3.

 

 

SEC Use Only

 

 

 

 

 

4.

 

 

Source of Funds (See Instructions)

 
Not Applicable
 

 

 

 

5.

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

 

 

 

 

6.

 

 

Citizenship or Place of Organization

 
South Korea
 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

 

 

Sole Voting Power

 

0

8.

 

 

Shared Voting Power

 

6,060,290  

9.

 

 

Sole Dispositive Power

 

0  

10.

 

 

Shared Dispositive Power

 

6,060,290

 

 

 

11.

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,060,290

 

 

 

12.

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 

 

 

 

13.

 

 

Percent of Class Represented by Amount in Row (11)

 

4.2%* 

 

 

 

14.

 

 

Type of Reporting Person (See Instructions)

 

CO

         

* Based on 143,034,009 shares outstanding as of May 3, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2023 filed with the Securities and Exchange Commission on May 4, 2023.

 

2 

 

 

CUSIP No. 05156V102

 

 

 

 

1.

 

 

Name of Reporting Person
I.R.S. Identification No. of above person (entities only) (voluntary)

 

ILJIN Semiconductor Co., Ltd. 

 

 

 

2.

 

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ¨

(b) x

 

 

 

3.

 

 

SEC Use Only

 

 

 

 

 

4.

 

 

Source of Funds (See Instructions)

 
Not Applicable
 

 

 

 

5.

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

 

 

 

 

6.

 

 

Citizenship or Place of Organization

 
South Korea
 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

 

 

Sole Voting Power

 

 

8.

 

 

Shared Voting Power

 

0  

9.

 

 

Sole Dispositive Power

 

0

10.

 

 

Shared Dispositive Power

 

0

 

 

 

11.

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

 

 

 

12.

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 

 

 

 

13.

 

 

Percent of Class Represented by Amount in Row (11)

 

0

 

 

 

14.

 

 

Type of Reporting Person (See Instructions)

 

CO

         

3 

 

 

CUSIP No. 05156V102

 

 

 

 

1.

 

 

Name of Reporting Person
I.R.S. Identification No. of above person (entities only) (voluntary)

 

ILJIN Steel Co., Ltd. 

 

 

 

2.

 

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ¨

(b) x

 

 

 

3.

 

 

SEC Use Only

 

 

 

 

 

4.

 

 

Source of Funds (See Instructions)

 
Not Applicable
 

 

 

 

5.

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

 

 

 

 

6.

 

 

Citizenship or Place of Organization

 
South Korea
 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

 

 

Sole Voting Power  

 

0 

8.

 

 

Shared Voting Power

 

1,123,608 

9.

 

 

Sole Dispositive Power

 

0 

10.

 

 

Shared Dispositive Power

 

1,123,608

 

 

 

11.

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,123,608

 

 

 

12.

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 

 

 

 

13.

 

 

Percent of Class Represented by Amount in Row (11)

 

0.8%* 

 

 

 

14.

 

 

Type of Reporting Person (See Instructions)

 

CO

         

* Based on 143,034,009 shares outstanding as of May 3, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2023 filed with the Securities and Exchange Commission on May 4, 2023.

 

4 

 

 

CUSIP No. 05156V102

 

 

 

 

1.

 

 

Name of Reporting Person
I.R.S. Identification No. of above person (entities only) (voluntary)

 

ILJIN GLS Co., Ltd.*

 

 

 

2.

 

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ¨

(b) x

 

 

 

3.

 

 

SEC Use Only

 

 

 

 

 

4.

 

 

Source of Funds (See Instructions)

 
Not Applicable
 

 

 

 

5.

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

 

 

 

 

6.

 

 

Citizenship or Place of Organization

 
South Korea
 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

 

 

Sole Voting Power  

 

0 

8.

 

 

Shared Voting Power

 

6,060,290 **

9.

 

 

Sole Dispositive Power

 

0 

10.

 

 

Shared Dispositive Power

 

6,060,290 **

 

 

 

11.

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,060,290 **

 

 

 

12.

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 

 

 

 

13.

 

 

Percent of Class Represented by Amount in Row (11)

 

4.2% ***

 

 

 

14.

 

 

Type of Reporting Person (See Instructions)

 

CO

         

* Formerly known as ILJIN C&S Co., Ltd.

** Represents Common Shares held by ILJIN SNT. 

*** Based on 143,034,009 shares outstanding as of May 3, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2023 filed with the Securities and Exchange Commission on May 4, 2023.

5 

 

  

CUSIP No. 05156V102

 

 

 

 

1.

 

 

Name of Reporting Person
I.R.S. Identification No. of above person (entities only) (voluntary)

 

Sae Kyoung Huh 

 

 

 

2.

 

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ¨

(b) x

 

 

 

3.

 

 

SEC Use Only

 

 

 

 

 

4.

 

 

Source of Funds (See Instructions)

 
Not Applicable
 

 

 

 

5.

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

 

 

 

 

6.

 

 

Citizenship or Place of Organization

 
South Korea
 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

 

 

7.

 

 

Sole Voting Power  

 

722,740 

8.

 

 

Shared Voting Power

 

0 

9.

 

 

Sole Dispositive Power

 

722,740 

10.

 

 

Shared Dispositive Power

 

0 

 

 

 

11.

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

722,740 

 

 

 

12.

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 

 

 

 

13.

 

 

Percent of Class Represented by Amount in Row (11)

 

0.5%*

 

 

 

14.

 

 

Type of Reporting Person (See Instructions)

 

IN

         

* Based on 143,034,009 shares outstanding as of May 3, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2023 filed with the Securities and Exchange Commission on May 4, 2023.

6 

 

 

CUSIP No. 05156V102

 

 

 

 

1.

 

 

Name of Reporting Person
I.R.S. Identification No. of above person (entities only) (voluntary)

 

Seoung Eun Huh 

 

 

 

2.

 

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ¨

(b) x

 

 

 

3.

 

 

SEC Use Only

 

 

 

 

 

4.

 

 

Source of Funds (See Instructions)

 
Not Applicable
 

 

 

 

5.

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

 

 

 

 

6.

 

 

Citizenship or Place of Organization

 
South Korea
 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

 

 

7.

 

 

Sole Voting Power  

 

625,933

8.

 

 

Shared Voting Power

 

0

9.

 

 

Sole Dispositive Power

 

625,933

10.

 

 

Shared Dispositive Power

 

0

 

 

 

11.

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

625,933 

 

 

 

12.

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 

 

 

 

13.

 

 

Percent of Class Represented by Amount in Row (11)

 

0.4%* 

 

 

 

14.

 

 

Type of Reporting Person (See Instructions)

 

IN 

         

* Based on 143,034,009 shares outstanding as of May 3, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2023 filed with the Securities and Exchange Commission on May 4, 2023.

7 

 

 

CUSIP No. 05156V102

 

 

 

 

1.

 

 

Name of Reporting Person
I.R.S. Identification No. of above person (entities only) (voluntary)

 

Chin Kyu Huh 

 

 

 

2.

 

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ¨

(b) x

 

 

 

3.

 

 

SEC Use Only

 

 

 

 

 

4.

 

 

Source of Funds (See Instructions)

 
Not Applicable, PF
 

 

 

 

5.

 

 

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

 

 

 

 

6.

 

 

Citizenship or Place of Organization

 
South Korea
 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

 

 

7.

 

 

Sole Voting Power  

 

0

8.

 

 

Shared Voting Power

 

7,183,898 *

9.

 

 

Sole Dispositive Power

 

0

10.

 

 

Shared Dispositive Power

 

7,183,898 *

 

 

 

11.

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

7,183,898 * 

 

 

 

12.

 

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ 

 

 

 

13.

 

 

Percent of Class Represented by Amount in Row (11)

 

5.0% ** 

 

 

 

14.

 

 

Type of Reporting Person (See Instructions)

 

IN 

         

* Consists of (i) 6,060,290 Common Shares held by ILJIN SNT and (ii) 1,123,608 Common Shares held by ILJIN Steel.

** Based on 143,034,009 shares outstanding as of May 3, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2023 filed with the Securities and Exchange Commission on May 4, 2023.

8 

 

 

CUSIP No. 05156V102

 

AMENDMENT NO. 13 TO SCHEDULE 13D

 

Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Common Shares on April 8, 2019, Amendment No. 1 thereto filed on June 4, 2019, Amendment No. 2 thereto filed on November 13, 2019, Amendment No. 3 thereto filed on December 6, 2019, Amendment No. 4 thereto filed on December 9, 2019, Amendment No. 5 thereto filed on December 10, 2019, Amendment No. 6 thereto filed on December 18, 2019, Amendment No. 7 thereto filed on July 23, 2020, Amendment No. 8 thereto filed on October 9, 2020, Amendment No. 9 thereto filed on January 26, 2021, Amendment No. 10 thereto filed on January 27, 2021, Amendment No. 11 thereto filed on March 3, 2022, Amendment No. 12 filed on January 6, 2023 and Amendment No. 13 filed on January 20, 2023 (as so amended, the “Schedule 13D”). Terms defined in the Schedule 13D are used herein as so defined.

 

The following item of the Schedule 13D is hereby amended as follows:

 

Item 4. Purpose of Transaction

 

Item 4 of the Schedule 13D is hereby amended and supplemented to include the following:

 

On May 10, 2023, Iljin SNT Co., Ltd. (“ILJIN”) delivered a letter to the Issuer’s Board of Directors to express its concerns regarding the composition of the Issuer’s board of directors. In the letter, ILJIN advised that it intends to vote “Withhold” against nominees Milne, Hagan, Jayne, Billen, Mackay-Dunn, Leversage and Balakrishnan.

 

The foregoing description of the letter does not purport to be complete and is qualified in its entirety by reference to the full text of the letter, which is filed as Exhibit 99.1, and is incorporated herein by reference.

 

The Reporting Persons do not intend to engage in a control transaction, or any contested solicitation for the election of directors, with respect to the Issuer.

 

Item 5. Interest in Securities of the Issuer

 

Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D are hereby amended and restated to read as follows:

 

(a)-(b) The information requested by these paragraphs is incorporated herein by reference to the cover pages to this Amendment No. 14 to Schedule 13D.

 

(c) On March 29, 2023, Ms. Seoung Eun Huh sold 96,807 Common Shares in an open market broker transaction at a price of $10.10 per share.

 

Item 7. Materials to be Filed as Exhibits

 

Exhibit 99.1 Letter to Board of Directors, dated May 10, 2023

 

9 

 

 

CUSIP No. 05156V102

 

SIGNATURE

 

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: May 10, 2023 ILJIN SNT CO., LTD.  
   
    By:   /s/ Young Hwa Kim  
        Name:   Young Hwa Kim   
        Title:   Authorized Signatory   
       
    ILJIN SEMICONDUCTOR CO., LTD.  
   
    By:   /s/ Young Hwa Kim
      Name:   Young Hwa Kim
      Title:   Authorized Signatory   
       
    ILJIN STEEL CO., LTD.  
   
    By:   /s/ Young Hwa Kim  
        Name:   Young Hwa Kim
        Title:   Authorized Signatory   
       
    ILJIN GLS CO. LTD.  
   
    By:   /s/ Young Hwa Kim  
        Name:   Young Hwa Kim 
        Title:   Authorized Signatory   
       
    /s/ Chin Kyu Huh  
    Chin Kyu Huh  
   
    /s/ Sae Kyoung Huh  
    Sae Kyoung Huh
   
  /s/ Seoung Eun Huh
  Seoung Eun Huh