Marc H. Berman Trims Dorman Products Stake to 1.87M Shares

TL;DR

**Marc H. Berman reduced his Dorman Products stake to 1.87 million shares as of year-end 2023.**

AI Summary

Marc H. Berman, a significant shareholder in Dorman Products, Inc., has updated his beneficial ownership to 1,875,771 shares of Common Stock as of December 31, 2023. This represents a decrease from his previous holdings, with 1,480,310 shares under sole voting and dispositive power and 395,461 shares under shared voting and dispositive power. This matters to investors because changes in holdings by large individual shareholders like Berman can signal their confidence (or lack thereof) in the company's future performance, potentially influencing market sentiment.

Why It Matters

This filing indicates a notable individual shareholder, Marc H. Berman, has adjusted his stake in Dorman Products, which could reflect his updated view on the company's valuation or future prospects.

Risk Assessment

Risk Level: low — This filing is an update to an existing beneficial ownership, indicating a change in a large shareholder's position rather than a new, potentially disruptive event.

Analyst Insight

An investor should note this change in a significant shareholder's position but also consider the overall context of the company's financial performance and market conditions before making any investment decisions.

Key Numbers

• 1,875,771 — Aggregate Shares Beneficially Owned (Total shares of Dorman Products Common Stock held by Marc H. Berman as of December 31, 2023.)
• 1,480,310 — Shares with Sole Voting Power (Number of shares Marc H. Berman can vote independently.)
• 395,461 — Shares with Shared Voting Power (Number of shares Marc H. Berman votes in conjunction with others.)

Key Players & Entities

• Marc H. Berman (person) — Reporting Person, significant shareholder of Dorman Products, Inc.
• Dorman Products, Inc. (company) — Subject Company, manufacturer of motor vehicle parts & accessories
• 1,875,771 (dollar_amount) — Aggregate amount of shares beneficially owned by Marc H. Berman
• December 31, 2023 (date) — Date of Event Which Requires Filing of this Statement

Forward-Looking Statements

• Marc H. Berman's reduced stake might lead to a slight negative sentiment among some retail investors. (Dorman Products, Inc.) — medium confidence, target: Q1 2024
• The company's stock price will likely remain stable, as this is an amendment and not a new, major disclosure. (Dorman Products, Inc.) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — Securities : Common Stock, par value $0.01 per share (Common Stock) Item2(e) CU

Filing Documents

• d681613dsc13ga.htm (SC 13G/A) — 45KB
• 0001193125-24-022849.txt ( ) — 47KB

From the Filing

SC 13G/A 1 d681613dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7)* Dorman Products, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 258278100 (CUSIP Number) December 31, 2023 (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). Page 1 of 6 CUSIP NO. 258278100 Schedule 13G Page 2 of 6 1 NAMES OF REPORTING PERSONS Marc H. Berman 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 United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 1,480,310 6 SHARED VOTING POWER 395,461 7 SOLE DISPOSITIVE POWER 1,480,310 8 SHARED DISPOSITIVE POWER 395,461 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,875,771 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN Page 3 of 6 Item1(a) Name of Issuer : Dorman Products, Inc. (the Issuer) Item1(b) Address of Issuers Principal Executive Offices : 3400 East Walnut Street Colmar, PA 18915 Item2(a) Name of Person Filing : Marc H. Berman (the Reporting Person) Item2(b) Address of Principal Business Office or, if none, Residence : P.O. Box 27039 Philadelphia, PA 19118 Item2(c) Citizenship : United States of America Item2(d) Title of Class of Securities : Common Stock, par value $0.01 per share (Common Stock) Item2(e) CUSIP Number : 258278100 Item3 Not Applicable Item4 The following describes the ownership of Common Stock by the Reporting Person as of December 31, 2023: (a) Amount beneficially owned: 1,875,771 shares of Common Stock. 1 1 The above amount excludes 3,135,189 shares of Common Stock that, as of December 31, 2023, may be deemed beneficially owned by the Shareholders (as defined below) (other than the shares held directly by Marc H. Berman, his spouse or trusts for which he or his spouse serves as trustee or as a co-trustee) as to all of which shares Marc H. Berman disclaims beneficial ownership. Pursuant to the Amended and Restated Shareholders Agreement, dated as of July 1, 2006 (the Shareholders Agreement), among Steven L. Berman, the late Richard N. Berman, Jordan S. Berman, Marc H. Berman, Fred B. Berman, Deanna Berman and the additional shareholders named therein (each, a Shareholder and together, the Shareholders), except as otherwise provided in the Shareholders Agreement with respect to Jordan S. Berman and Deanna Berman, each Shareholder has granted each other Shareholder rights of first refusal, exercisable on a pro rata basis or in such other proportions as the exercising Shareholders may agree, to purchase shares of Common Stock of the Issuer which any of such Shareholders or, upon their death, their respective estate, proposes to sell to third parties. The Issuer has agreed with the Shareholders that, upon the death of each respective Shareholder, to the extent that any of their shares are not purchased by any of the surviving Shareholders and may not be sold without registration under the Securities Act of 1933, as amended (the 1933 Act), the Issuer will use its best efforts to cause those shares to be registered under the 1933 Act. The expenses of any such registration will be borne by the estate of the deceased Shareholder. Deanna Berman is Marc H. Bermans mother and the spouse of Marc H. Bermans father, Jordan S. Berman. Steven L. Berman and Fred B. Berman are Marc H. Bermans brothers. The additional Shareholders party to the Shareholders Agreement are trusts affiliated with Steven L. Berman, the late Richard N. Berman, Jordan S. Berman, Marc H. Berman or Fred B. Berman, or each persons respective spouse or children. Page 4 of 6 The filing of this Schedule 13G shall not be construed as an admission that (a) the Reporting Person is, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any equity securities covered by this Schedul

View Full Filing

View this SC 13G/A filing on SEC EDGAR