Williams & Novak Discloses 4.9% Stake in SYPRIS SOLUTIONS

TL;DR

**Williams & Novak now owns 4.9% of SYPRIS SOLUTIONS, a slight decrease from their previous filing.**

AI Summary

Williams & Novak, LLC, an investment firm, filed an amended Schedule 13G/A on January 18, 2024, indicating a change in their beneficial ownership of SYPRIS SOLUTIONS INC common stock. The filing, triggered by an event on October 25, 2023, shows they now hold 1,000,000 shares, representing 4.9% of the company's outstanding common stock. This matters to investors because it reveals a significant institutional investor's current stake, which could signal their confidence (or lack thereof) in the company's future prospects.

Why It Matters

This filing shows a notable institutional investor's current ownership in SYPRIS SOLUTIONS INC, which can influence market perception and potentially signal a vote of confidence or concern.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not indicate any immediate significant risk to the company or its stock.

Analyst Insight

Investors should note Williams & Novak's continued, albeit slightly adjusted, stake in SYPRIS SOLUTIONS INC. While not a controlling interest, it signifies an institutional investor's ongoing position. Monitor future filings for further changes in their ownership, which could signal a shift in their investment thesis.

Key Numbers

• 1,000,000 — Shares Beneficially Owned (Represents the total number of SYPRIS SOLUTIONS INC common shares held by Williams & Novak, LLC.)
• 4.9% — Percentage of Class (Indicates Williams & Novak, LLC's ownership stake in SYPRIS SOLUTIONS INC's common stock.)
• October 25, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A amendment.)

Key Players & Entities

• Williams & Novak, LLC (company) — the reporting person and investment firm
• SYPRIS SOLUTIONS INC (company) — the subject company whose stock is being reported
• October 25, 2023 (date) — the date of the event requiring the filing
• January 18, 2024 (date) — the filing date of the SC 13G/A
• 1,000,000 (dollar_amount) — number of shares beneficially owned by Williams & Novak, LLC
• 4.9% (dollar_amount) — percentage of SYPRIS SOLUTIONS INC common stock beneficially owned

Forward-Looking Statements

• Williams & Novak, LLC will maintain a significant, but non-controlling, stake in SYPRIS SOLUTIONS INC for the foreseeable future. (Williams & Novak, LLC) — medium confidence, target: 2025-01-18

FAQ

Filing Documents

• sypra1_11824.htm (SC 13G/A) — 25KB
• 0001085146-24-000320.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: SYPRIS SOLUTIONS, INC

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 101 BULLITT LANE, SUITE 450 LOUISVILLE, KY 40222

(a)

ITEM 2(a). NAME OF PERSON FILING: WILLIAMS & NOVAK, LLC

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 30700 RUSSELL RANCH ROAD, STE 250 WESTLAKE VILLAGE, CA 91362

(c)

ITEM 2(c). CITIZENSHIP: UNITED STATES

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: COMMON STOCK

(e)

ITEM 2(e). CUSIP NUMBER: 871655106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 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. 78c); (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) [X] 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) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 4,006,577 (b) Percent of class: 18 (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: WILLIAMS & NOVAK, LLC : 498,491 (ii) shared power to vote or to direct the vote: WILLIAMS & NOVAK, LLC : (iii) sole power to dispose or direct the disposition of: WILLIAMS & NOVAK, LLC : 4,006,577 (iv) shared power to dispose or to direct the disposition of: WILLIAMS & NOVAK, LLC : ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person ha

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