Vicor CEO Vinciarelli Holds 47.6% Stake, Solidifying Control
Ticker: VICR · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 751978
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, corporate-governance, beneficial-ownership
TL;DR
**Vicor CEO Patrizio Vinciarelli owns 47.6% of the company, giving him huge control.**
AI Summary
Patrizio Vinciarelli, the founder and CEO of Vicor Corporation, filed an amended Schedule 13G/A on February 2, 2024, disclosing his beneficial ownership of 21,046,408 shares of Vicor Common Stock as of December 31, 2023. This represents a significant 47.6% of the company's outstanding shares, giving him substantial control over the company's direction. This matters to investors because Vinciarelli's large stake means he has a powerful voice in strategic decisions, which could influence future stock performance and corporate governance.
Why It Matters
Patrizio Vinciarelli's near-majority ownership gives him significant influence over Vicor's strategic direction, mergers, and other key corporate actions, directly impacting shareholder value.
Risk Assessment
Risk Level: medium — While high insider ownership can signal confidence, it also concentrates power, potentially limiting other shareholders' influence on corporate decisions.
Analyst Insight
Investors should recognize that Patrizio Vinciarelli's substantial 47.6% ownership gives him significant control over Vicor Corporation. This means his vision and decisions will heavily influence the company's future, making his leadership and long-term strategy critical factors to monitor when evaluating the stock.
Key Numbers
- 21,046,408 — Shares Beneficially Owned (Represents the total shares Patrizio Vinciarelli can vote or dispose of.)
- 47.6% — Percent of Class (Indicates the significant portion of Vicor Corporation's common stock owned by Patrizio Vinciarelli.)
Key Players & Entities
- Patrizio Vinciarelli (person) — Reporting Person, CEO of Vicor Corporation
- Vicor Corporation (company) — Issuer of the securities
- 21,046,408 (dollar_amount) — Shares beneficially owned by Patrizio Vinciarelli
- 47.6% (dollar_amount) — Percentage of class represented by Vinciarelli's ownership
- December 31, 2023 (date) — Date of event requiring the filing
Forward-Looking Statements
- Patrizio Vinciarelli will maintain his significant ownership stake in Vicor Corporation. (Patrizio Vinciarelli) — high confidence, target: 2025-12-31
- Vicor Corporation's strategic decisions will continue to heavily reflect the vision of Patrizio Vinciarelli due to his substantial control. (Vicor Corporation) — high confidence, target: 2025-12-31
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Patrizio Vinciarelli, as stated in Item 2(A) of the filing.
What is the total number of shares beneficially owned by Patrizio Vinciarelli as reported in this filing?
Patrizio Vinciarelli beneficially owns 21,046,408 shares, as shown in Row 9 of the filing.
What percentage of Vicor Corporation's common stock does Patrizio Vinciarelli beneficially own?
Patrizio Vinciarelli beneficially owns 47.6% of the class, as indicated in Row 11 of the filing.
What is the CUSIP number for the class of securities reported in this filing?
The CUSIP number is 925815 10 2, as stated on the cover page and subsequent pages of the filing.
What was the date of the event which required this filing?
The date of the event which required this filing was December 31, 2023, as specified on the cover page of the filing.
Filing Stats: 629 words · 3 min read · ~2 pages · Grade level 8.6 · Accepted 2024-02-02 14:15:57
Filing Documents
- d758608dsc13ga.htm (SC 13G/A) — 35KB
- 0001193125-24-022754.txt ( ) — 37KB
(A)
ITEM 1(A). NAME OF ISSUER: Vicor Corporation
(B)
ITEM 1(B). ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES: 25 Frontage Road, Andover, MA 01810
(A)
ITEM 2(A). NAME OF PERSON FILING: Patrizio Vinciarelli
(B)
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Vicor Corporation, 25 Frontage Road, Andover, MA 01810
(C)
ITEM 2(C). CITIZENSHIP: United States
(D)
ITEM 2(D) TITLE OF CLASS OF SECURITIES: Common Stock, par value $.01 per share
(E)
ITEM 2(E) CUSIP NUMBER: 925815 10 2 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: Not applicable CUSIP No. 925815 10 2 13G/A Page 4 of 6 Pages 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: 21,046,408 As of December 31, 2023, Mr. Vinciarelli was the beneficial owner of 9,592,017 shares of Vicor Corporation Common Stock and 430,743 shares which Mr. Vinciarelli has the right to acquire upon the exercise of options to purchase Common Stock within 60 days of December 31, 2023. Additionally, he owned 11,023,648 shares of Vicor Corporation Class B Common Stock, which may be converted at any time into 11,023,648 shares of Common Stock. (b) Percent of class: 47.6% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 21,046,408 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 21,046,408 (iv) Shared power to dispose or to direct the disposition of: 0 ITEM 5. Not applicable. ITEM 6. Not applicable. CUSIP No. 925815 10 2 13G/A Page 5 of 6 Pages ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. Not applicable. CUSIP No. 925815 10 2 13G/A Page 6 of 6 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statemen