Omega Flex, Inc. Ownership Update Filed

TL;DR

Omega Flex ownership filing updated - watch for changes.

AI Summary

On March 22, 2024, Steven Olearcek filed an amendment (No. 1) to Schedule 13D regarding Omega Flex, Inc. This filing indicates a change in beneficial ownership of the company's common stock. The filing does not specify the exact number of shares or the percentage of ownership change, but it is an update to a previous filing.

Why It Matters

This filing signals a potential shift in control or significant stakeholder interest in Omega Flex, Inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts for the company.

Key Players & Entities

• Omega Flex, Inc. (company) — Subject company
• Steven Olearcek (person) — Filing person
• ESTATE OF JOHN E. REED (person) — Group member
• JOHN E. REED TRUST (person) — Group member

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, Par Value $0.01 Per Share (Title of Class of Securiti

Filing Documents

• formsc13da.htm (SC 13D/A) — 94KB
• ex1.htm (EX-1) — 11KB
• ex2.htm (EX-2) — 16KB
• 0001493152-24-011259.txt ( ) — 122KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* OMEGA FLEX, INC. (Name of Issuer) Common Stock, Par Value $0.01 Per Share (Title of Class of Securities) 682095104 (CUSIP Number) Steven Olearcek 260 North Elm Street Westfield, MA 01085 413-568-9571 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 22, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d–1(e), 240.13d–1(f) or 240.13d–1(g), check the following box. * 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 disclosures provided in a prior cover page. The information required on 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). CUSIP No. 682095104 1 NAMES OF REPORTING PERSONS: Stewart B. Reed 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) (See Item 3) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 5,672,678 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 5,672,678 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 5,672,678 1 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 56.2% 14 TYPE OF REPORTING PERSON (See Instructions): IN Includes holdings of John E. Reed Trust and other family trusts, for which Mr. Stewart B. Reed serves as a trustee. CUSIP No. 682095104 1 NAMES OF REPORTING PERSONS: Estate of John E. Reed 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) (See Item 3) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 0 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 14 TYPE OF REPORTING PERSON (See Instructions): OO CUSIP No. 682095104 1 NAMES OF REPORTING PERSONS: John E. Reed Trust 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) (See Item 3) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 2,673,899 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 2,673,899 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,673,899 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.5% 14 TYPE OF REPORTING PERSON (See Instructions): OO Item 1. Security and Issuer. This corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 451 Creamery Way, Exton, PA 19341. Stewart B. Reed (“Mr. Reed”) and the Estate of John E. Reed (the “Estate”), for which Mr. Reed serves as an executor, filed Schedule 13D (“Schedule 13D”) with the Securities and Exchange Commission (the “SEC”) on April 3, 2014. This Amendment No. 1 to Schedule 13D (the “Amendment”) is being filed to update and supplement information set forth in Schedule 13D in connection with the transfer of 2,079,008 shares of Common Stock (the “Shares”) from the Estate to John E. Reed Trust (the “Trust&r

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View this SC 13D/A filing on SEC EDGAR