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
Published on 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 persons 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 |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☐
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3 | SEC USE ONLY
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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 |
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6 | SHARED VOTING POWER
Brett Milgrim 4,594,173
Refer to Item 4 below. |
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7 | SOLE DISPOSITIVE POWER
Brett Milgrim 4,594,173 |
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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. |
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10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐ |
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11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Brett Milgrim 5.1%
Refer to Item 4 below. |
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12 | TYPE OF REPORTING PERSON (See Instructions)
Brett Milgrim IN |
1 |
NAME OF REPORTING PERSONS
BNM Capital LLC |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☐
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3 | SEC USE ONLY
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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 |
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6 | SHARED VOTING POWER
BNM Capital LLC 608,541
Refer to Item 4 below. |
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7 | SOLE DISPOSITIVE POWER
BNM Capital LLC 0 |
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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. |
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10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
☐ |
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11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
BNM Capital LLC 0.7%
Refer to Item 4 below. |
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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 Issuers 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 Issuers 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 |
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Name: | Brett N. Milgrim | |||
Title: | Investments Manager | |||
Brett N. Milgrim | ||||
By: | /s/ Brett N. Milgrim |
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Name: | Brett N. Milgrim |