Albion River Management Amends Ducommun Stake

TL;DR

Albion River Management just updated their Ducommun (DCO) filing - ownership change incoming.

AI Summary

Albion River Management LLC, through Darren Farber, has amended its Schedule 13D filing regarding Ducommun Inc. (DCO) as of July 15, 2024. The filing indicates a change in beneficial ownership, with Albion River Management LLC now holding a significant stake in the company. Specific details on the exact percentage or number of shares are not provided in this excerpt, but the amendment suggests a notable shift in the ownership structure.

Why It Matters

This amendment signals a potential shift in control or influence at Ducommun Inc., which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate activist investor activity or significant stake-building, which can lead to volatility and strategic changes.

Key Players & Entities

• Albion River Management LLC (company) — Filing entity
• Darren Farber (person) — Authorized contact for Albion River Management LLC
• Ducommun Inc. (company) — Subject company

FAQ

Key Financial Figures

• $66,175,955 — g Persons for a total purchase price of $66,175,955, including commissions. All of such fun

Filing Documents

• formsc13da.htm (SC 13D/A) — 130KB
• ex-1.htm (EX-1) — 34KB
• ex-2.htm (EX-2) — 12KB
• ex-3.htm (EX-3) — 32KB
• formsc13da_001.jpg (GRAPHIC) — 31KB
• formsc13da_002.jpg (GRAPHIC) — 10KB
• image_001.jpg (GRAPHIC) — 3KB
• 0001493152-24-028181.txt ( ) — 271KB

of the Amended Schedule 13D is hereby amended

Item 4 of the Amended Schedule 13D is hereby amended and restated in its entirety to read as follows: The Reporting Persons initially acquired 1,321,216 shares of Common Stock over which they exercised beneficial ownership in the belief that the shares of Common Stock were undervalued and were an attractive investment opportunity. The Reporting Persons then had, and still anticipate having further, discussions with the Issuer’s senior management and board of directors of the Issuer (the “Board”), regarding the Issuer’s business and direction. On April 1, 2024, Mr. Farber sent a letter to the Board, which, among other things, expressed the Reporting Persons’ strong interest in acquiring, in cash, all outstanding shares of Common Stock of the Issuer. The letter stated the Reporting Persons’ intention to retain the Issuer’s current management team and key employees. In response to that letter, the Board rejected the Reporting Persons’ proposal to acquire all outstanding shares of the Issuer. Since that initial rejection from the Board, the Reporting Persons have acquired an additional 28,317 shares of Common Stock under the continued belief that the shares of Common Stock are still undervalued and remain an attractive investment opportunity. On July 15, 2024, Mr. Farber sent a second letter to the Board. In that second letter, the Reporting Persons increased their initial bid, and reiterated their desire to acquire, in cash, all outstanding shares of Common Stock of the Issuer. Except as stated in response to this Item 4, the Reporting Persons have no current plans or proposals with respect to the Issuer or its securities enumerated in paragraphs (a) through (j) of this Item 4 to the Amendment promulgated under the Act. Notwithstanding the foregoing, the Reporting Persons may determine, from time to time in the future, based on market and general economic conditions, the business affairs and financial conditions of

Contracts,

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Other than the joint filing agreement filed as Exhibit B to this Amendment, the Reporting Persons have no knowledge of any contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in response to Item 2 or between such persons and any person with respect to any securities of the Issuer. Item 7. Material to be Filed as Exhibits. Exhibit A Letter to the Board of Directors, dated April 1, 2024. Exhibit B Joint Filing Statement, dated July 17, 2024. Exhibit C Letter to the Board of Directors, dated July 15, 2024.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: July 17, 2024 Albion River Management LLC By: /s/ Mark Schneiderman Name: Mark Schneiderman Title: Chief Legal Officer Ignium LP By: Ignium GP, LLC, its general partner By: /s/ Mark Schneiderman Name: Mark Schneiderman Title: General Counsel Darren Farber By: /s/ Darren Farber SCHEDULE I The following table lists all transactions completed by the Reporting Persons in the Common Stock since the filing of the Original Schedule 13D (i.e., April 8, 2024), which were all completed through open market purchases. Date Price per Share Number of Shares of Common Stock 7/5/24 56.98 470 7/2/24 57.00 100 7/1/24 56.81 4816 4/22/24 52.36 12931 4/19/24 51.99 10000

View Full Filing

View this SC 13D/A filing on SEC EDGAR