Form: SC 13G

Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

November 14, 2024

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

 

Loar Holdings Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

53947R105

(CUSIP Number)

September 30, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in 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).

Except as otherwise provided herein, beneficial ownership information contained herein is given as of the date listed above.

 

 

 


 1   

 NAME OF REPORTING PERSONS

 

 Brett Milgrim

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 (a) ☐  (b) ☐

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Brett Milgrim – United States

NUMBER OF

SHARES BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

 SOLE VOTING POWER

 

 Brett Milgrim – 4,594,173

   6  

 SHARED VOTING POWER

 

 Brett Milgrim – 4,594,173

 

 Refer to Item 4 below.

   7  

 SOLE DISPOSITIVE POWER

 

 Brett Milgrim – 4,594,173

   8  

 SHARED DISPOSITIVE POWER

 

 Brett Milgrim – 4,594,173

 

 Refer to Item 4 below.

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 Brett Milgrim – 4,594,173

 

 Refer to Item 4 below.

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 Brett Milgrim – 5.1%

 

 Refer to Item 4 below.

12  

 TYPE OF REPORTING PERSON (See Instructions)

 

 Brett Milgrim – IN


 1   

 NAME OF REPORTING PERSONS

 

 BNM Capital LLC

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 (a) ☐  (b) ☐

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 BNM Capital LLC – Delaware

NUMBER OF

SHARES BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

 SOLE VOTING POWER

 

 BNM Capital LLC – 0

   6  

 SHARED VOTING POWER

 

 BNM Capital LLC – 608,541

 

 Refer to Item 4 below.

   7  

 SOLE DISPOSITIVE POWER

 

 BNM Capital LLC – 0

   8  

 SHARED DISPOSITIVE POWER

 

 BNM Capital LLC – 608,541

 

 Refer to Item 4 below.

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 BNM Capital LLC – 608,541

 

 Refer to Item 4 below.

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 BNM Capital LLC – 0.7%

 

 Refer to Item 4 below.

12  

 TYPE OF REPORTING PERSON (See Instructions)

 

 BNM Capital LLC – OO (Limited Liability Company)


Item 1.

(a) Name of Issuer

Loar Holdings Inc.

 

(b)

Address of Issuer’s Principal Executive Offices

20 New King Street, White Plains, New York 10604

 

Item 2.

(a) Name of Person Filing

BNM Capital LLC

Brett Milgrim


(b)

Address of Principal Business Office, or, if none, Residence

BNM Capital LLC

Brett Milgrim

20 New King Street, White Plains, New York 10604

 

(c)

Citizenship

BNM Capital LLC – Delaware

Brett Milgrim – United States

 

(d)

Title of Class of Securities

Common stock, par value $0.01 per share

 

(d)

CUSIP No.:

53947R105

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)       Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)       Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)       Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)       Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)       An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)       An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)       A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h)       A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)       A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)       A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k)       A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:


If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 

Item 4.

Ownership**

The percentages herein are calculated based upon the statement in the Issuer’s quarterly report on Form 10-Q for the quarter ended June 30, 2024, as filed with the SEC on August 13, 2024, that there were 89,703,571 outstanding shares of common stock of the Issuer as of August 12, 2024.

 

(a)

Amount beneficially owned

BNM Capital LLC – 608,541

Brett Milgrim – 4,594,173

 

(b)

Percent of class

BNM Capital LLC – 0.7%

Brett Milgrim – 5.1%

 

(c)

Number of shares as to which the person has voting and dispositive power:

 

(i)

Sole power to vote or to direct the vote

BNM Capital LLC – 0 shares

Brett Milgrim – 4,594,173 shares


(ii)

Shared power to vote or to direct the vote

BNM Capital LLC – 608,541 shares

Brett Milgrim – 4,594,173 shares

 

(iii)

Sole power to dispose or to direct the disposition of

BNM Capital LLC – 0 shares

Brett Milgrim – 4,594,173 shares

 

(iv)

Shared power to dispose or to direct the disposition of

BNM Capital LLC – 0.7%

Brett Milgrim – 5.1%

 

**

Shares reported herein for BNM Capital LLC represent shares beneficially owned by Mr. Milgrim. Shares reported herein for Mr. Milgrim represent the above referenced shares reported for BNM Capital LLC, the sole Investments Manager of which is Mr. Milgrim, as well as shares held by Mr. Milgrim individually.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person

Not Applicable

 

Item 7.

Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Not Applicable

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable


Item 9.

Notice of Dissolution of Group

Not Applicable

 

Exhibits    Exhibit
99.1    Joint Filing Agreement by and among the Reporting Persons.

SIGNATURE

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

Date: November 14, 2024

 

BNM CAPITAL LLC
By:  

/s/ Brett N. Milgrim

  Name:   Brett N. Milgrim
  Title:   Investments Manager
Brett N. Milgrim
By:  

/s/ Brett N. Milgrim

  Name:   Brett N. Milgrim