Engine Capital Management, Lp

Engine Capital Management, LP is a financial advisor firm based in New York, established in 2013 and specializing in providing investment advisory services to privately offered, pooled investment vehicles. The firm's investment strategy focuses on a value-oriented special situations approach. Engine serves as the discretionary investment manager for various funds, including Engine Capital, Engine Offshore, Engine Jet, Engine Airflow, and Engine Lift. Clients typically invest in these funds with a minimum initial capital contribution of $1,000,000, although Engine reserves the right to accept subscriptions for lesser amounts. The firm charges management fees ranging from 1.0% to 1.5% per annum based on the value of assets under management. Engine may receive performance-based compensation ranging from 10% to 20% annually from the net profits of the funds. The firm exercises full investment discretion for the funds and does not provide tailored investment advice to individual limited partners or shareholders. Engine primarily employs fundamental analysis to identify undervalued securities and potential catalysts for value creation. The firm may engage in activist approaches to influence companies and unlock shareholder value. Engine emphasizes risk management and acknowledges the inherent risks associated with investments, including market volatility, leverage, and illiquid assets. Clients receive regular account statements and have access to audited financial statements annually. Engine maintains a Code of Ethics to ensure ethical conduct and has adopted proxy voting policies to vote in the best interests of clients.