Zibrowski Amends SkyWater Tech Stake to 9.1% Shared Ownership

TL;DR

**Bart Zibrowski still owns 9.1% of SkyWater Technology, Inc. with shared voting power.**

AI Summary

Bart L. Zibrowski, a U.S. citizen, has filed an amended SC 13G/A for SkyWater Technology, Inc. (SKYT), indicating a shared beneficial ownership of 4,336,876 shares of common stock as of December 31, 2023. This filing, an Amendment No. 2, updates his previous disclosures and shows he holds 9.1% of the company's outstanding shares. This matters to investors because it clarifies a significant shareholder's stake, providing transparency into who holds substantial influence over the company.

Why It Matters

This filing confirms a major shareholder's continued significant stake, which can influence corporate governance and strategic decisions for SkyWater Technology, Inc.

Risk Assessment

Risk Level: low — This filing is a routine update from a significant shareholder and does not indicate any immediate negative or positive financial risk.

Analyst Insight

Investors should note the continued significant shared ownership by Bart L. Zibrowski, as large shareholder positions can influence company direction. No immediate action is suggested by this routine update, but it's a data point for understanding the ownership structure.

Key Numbers

• 4,336,876 — Shares Beneficially Owned (Represents the total number of SkyWater Technology, Inc. common shares Bart L. Zibrowski has shared voting and dispositive power over.)
• 9.1% — Percentage of Class (This is the percentage of SkyWater Technology, Inc.'s common stock that Bart L. Zibrowski beneficially owns, indicating a significant stake.)
• December 31, 2023 — Date of Event (This is the date on which the event requiring this filing occurred, providing a snapshot of ownership at year-end.)
• $0.01 — Par Value per Share (This is the stated par value of SkyWater Technology, Inc.'s common stock.)

Key Players & Entities

• Bart L. Zibrowski (person) — reporting person and beneficial owner
• SkyWater Technology, Inc. (company) — the subject company whose shares are being reported
• DDK DEVELOPMENTS, LLC (company) — a group member associated with the filing
• 4,336,876 (dollar_amount) — number of shares beneficially owned

Forward-Looking Statements

• Bart L. Zibrowski will maintain a significant stake in SkyWater Technology, Inc. for the foreseeable future. (Bart L. Zibrowski) — medium confidence, target: 2025-12-31

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• d1524sc13ga2.htm (SC 13G/A) — 55KB
• ex1.htm (EX-1) — 5KB
• 0001214659-24-000311.txt ( ) — 62KB

(a)

Item 1(a). Name of Issuer: SkyWater Technology, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 2400 East 88th Street, Bloomington, MN 55425

(a)

Item 2(a). Name of Person Filing: This Schedule 13G is being filed by DDK Developments, LLC (“DDK”), a Minnesota limited liability company, and Bart L. Zibrowski (collectively with DDK, the “Reporting Persons”)

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 740 Saddle Wood Drive, Eagan, MN 55123

(c)

Item 2(c). Citizenship: DDK Developments, LLC (“DDK”), a Minnesota limited liability company Bart L. Zibrowski is a citizen of the United States of America

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $0.01 per share

(e)

Item 2(e). CUSIP Number: 83089J108 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; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940; (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association 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; (j) ¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 4,336,876 (b) Percent of Class: 9.22% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 4,336,876 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 4,336,876 Page 4 of 7 Item 5. If this statement is being filed to report the fact that as of the date her

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View this SC 13G/A filing on SEC EDGAR