Vahaviolos Trust Amends Mistras Group Stake

TL;DR

**A trust associated with Sotirios Vahaviolos updated its significant ownership filing for Mistras Group, Inc. as of December 31, 2023.**

AI Summary

The Sotirios Vahaviolos January 2023 2-Year Grantor Retained Annuity Trust filed an Amendment No. 1 to Schedule 13D regarding its beneficial ownership in Mistras Group, Inc. The event triggering this amendment occurred on December 31, 2023. Stephanie Foglia, Trustee, is the contact person for the trust, which is located in Princeton Junction, NJ.

Why It Matters

This amendment signals an update to a significant shareholder's position or investment intent in Mistras Group, Inc., which can influence market perception and potentially future corporate actions.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership reported via a 13D/A can signal shifts in control or investment strategy, potentially impacting the stock's future.

Key Numbers

• 60649T 107 — CUSIP Number (Identifies the Common Stock of Mistras Group, Inc.)
• 005-85079 — SEC File Number (Unique identifier for the filing series)
• December 31, 2023 — Date of Event (Date triggering the filing requirement)
• 609-716-4000 — Business Phone (Mistras Group, Inc. main contact)
• 670-324-6463 — Trustee Phone (Contact number for Stephanie Foglia)

Key Players & Entities

• Mistras Group, Inc. (company) — Subject Company
• Sotirios Vahaviolos January 2023 2-Year Grantor Retained Annuity Trust (company) — Filing Entity
• Stephanie Foglia (person) — Trustee and Contact Person
• Princeton Junction, NJ (location) — Business Address of Mistras Group and Trust
• Washington, D.C. (location) — SEC Location

FAQ

Key Financial Figures

• $0.00 — ame of Issuer) Common Stock, par value $0.00 per share (Title of Class of Securitie
• $0.01 — es to shares of Common Stock, par value $0.01 per share (the " Common Stock "), of Mi

Filing Documents

• sjvgrat13d.htm (SC 13D/A) — 65KB
• 0001436126-24-000007.txt ( ) — 67KB

Identity and Background

Item 2. Identity and Background. (a) This Schedule 13D is being filed on behalf of each of the following persons (collectively, the " Reporting Persons ") (i) Sotirios Vahaviolos January 2023 2-Year Grantor Retained Annuity Trust (the "GRAT"), and (i) Stephanie Foglia (b) The principal business address of each of the Reporting Persons is co Mistras Group, 195 Clarksville Road, Princeton Junction, NJ 08550. (c) The GRAT is a trust created by the founder and Executive Chairman of the Issuer, Sotirios Vahaviolos. On January 9, 2023, Dr. Vahaviolos created the GRAT to transfer by gift 6,734,718 shares of Common Stock into the GRAT for estate planning purposes. (d) Stephanie Foglia is the adult daughter of Dr. Vahaviolos and does not reside with him. Ms. Foglia is the sole trustee of the GRAT. Ms. Foglia disclaims beneficial ownership of the shares of Common Stock held by the GRAT, except to the extent of her interest as a potential beneficiary of the GRAT upon its termination. (d)-(e) During the last five years, each of the Reporting Persons (i) has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), and (ii) was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. Source or Amount of Funds or Other Consideration. No funds were needed for the GRAT to acquire the shares common stock, as the shares were contributed to the GRAT by Dr. Vahaviolos as a gift for estate planning purposes. Dr. Vahaviolos owned the Shares contributed to the GRAT for over 13 years prior to the establishment of the GRAT. The shares of Common Stock owned by Ms. Foglia and members of her immediate family were not acquired in

View Full Filing

View this SC 13D/A filing on SEC EDGAR