Welcome to the Piano World Piano Forums
Over 2 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

Gifts and supplies for the musician

Piano Acc. & Gift Items in
Piano World's Online Store
In PianoSupplies.com ,(a division of Piano World) our online store for piano and music gifts and accessories, party goods, tuning equipment, piano moving equipment, benches, lamps and more.

Free Shipping on Jansen Artist Piano Benches
(ad) Pianoteq
(ad) Pearl River
Pearl River Pianos
(ad) P B Guide
Acoustic & Digital Piano Guide
Who's Online
107 registered (Alexander Borro, AndrewJCW, Andrei Kuznetsov, AMarsReject, ando, 30 invisible), 1392 Guests and 7 Spiders online.
Key: Admin, Global Mod, Mod
(ad) Estonia Piano
Estonia Pianos
Quick Links to Useful Piano & Music Resources
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers

Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano & Music Accessories
*Live Piano Venues
*Music School Listings
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Piano Books
*Piano Art, Pictures, & Posters
*Directory/Site Map
*Virtual Piano
*Music Word Search
*Piano Screen Saver
*Piano Videos
*Virtual Piano Chords
Topic Options
#2037239 - 02/21/13 09:58 PM Piano News
Plowboy Offline

2000 Post Club Member

Registered: 06/26/08
Posts: 2624
Loc: SoCal
Maybe someone here with more smarts than this relocated Hoosier hillbilly can properly interpret this latest SEC filing from Steinway:

This is part of it:

Item 4 of the Schedule 13D is hereby amended by adding the following:

On February 20, 2013, Samick and the Issuer entered into Amendment No. 1 (the “Amendment”) to the Subscription Agreement dated as of November 5, 2009, which amends the standstill provision thereof to provide that (i) the limitations set forth therein will generally apply unless any transaction receives the prior approval of the Issuer’s Board of Directors, and (ii) Samick and its affiliates may acquire shares of the Issuer’s Ordinary Common Stock without the Issuer’s prior written consent so long as the aggregate percentage of outstanding shares of Ordinary Common Stock held by Samick and its affiliates as a result of any such acquisition does not exceed 35%.

The Issuer is Steinway Musical Instruments. Samick as Kim Jong Sup control some 33% of the company now and he serves on the board of directors. He has a lot of votes. So it seems that Kim is in good position to buy even more of Steinway. I think that's what that means?

If so, the implications are thought provoking. Steinway closed up 2% today.

(ad 800) Ritmuller
Ritmuller Presents
#2037256 - 02/21/13 11:01 PM Re: Piano News [Re: Plowboy]
4evrBeginR Offline
1000 Post Club Member

Registered: 06/27/09
Posts: 1607
Loc: California
Before you know it, it's at 50%, maybe not this year, with the goal being 100% of course. It might take a few years, but Korea is the next Japan, right?
Art is never finished, only abandoned. - da Vinci

#2037434 - 02/22/13 10:40 AM Re: Piano News [Re: Plowboy]
Plowboy Offline

2000 Post Club Member

Registered: 06/26/08
Posts: 2624
Loc: SoCal
Reading the announcement again, it sure seems to clear the way for Samick to buy more stock. In past filings, Steinway indicated that Boston is not doing so well financially, and that Japan may be to expensive a place to build pianos.

Samick has know-how and money. Maybe this could be a good thing?


Moderator:  Ken Knapp, Piano World, Rickster 
the Forums & Piano World

Trying Something New with Search
(ad) Yamaha CP4 or CP40 Free Bag
Buy a CP4 or CP40 Get a Free Bag
(ad 125) Sweetwater - Digital Keyboards & Other Gear
Digital Pianos at Sweetwater
(ads) PD - WNG - MH
Mason & Hamlin Piano Factory Tours
Ad (the Piano Store)
the Piano Store - Restored Steinway Pianos
(125ad) Dampp Chaser
Dampp Chaser Piano Life Saver
New Topics - Multiple Forums
Trifonov's performance of Rach 3 reviewed in the NY Times
by pianoloverus
11/27/15 05:44 PM
Fatar TP40 Wood vs Kawai RM3II vs Yamaha NW vs Roland PHA50
by Fer De Armas
11/27/15 05:05 PM
Room humidifier help - which size Venta to buy?
by Eric50
11/27/15 05:03 PM
Paid the balance on the Baldwin L
by neciebugs
11/27/15 04:46 PM
High end DP review - decision made
by Chris Warren
11/27/15 02:53 PM
What's Hot!!
Posting Pictures on the Forums
Forums Rules & Help
on Piano World

The world's most popular piano web site.
Forum Stats
81,564 Registered Members
44 Forums
168,611 Topics
2,470,207 Posts

Most users ever online: 15,252 @ 03/21/10 11:39 PM

Visit our online store for gifts for music lovers

Help keep the forums up and running with a donation, any amount is appreciated!
Or by becoming a Subscribing member! Thank-you.
Donate   Subscribe
Our Piano Related Classified Ads
Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World | Donate | Link to Us | Classifieds |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter | Press Room |

copyright 1997 - 2015 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission