Sec Form 13D Filing - BAIRD BRENT D filing for SERVOTRONICS INC (SVT) - 2021-09-30

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

SERVOTRONICS, INC.

(Name of Issuer)

Common Stock, Par Value $0.20 per Share

(Title and Class of Securities)

817732100

(CUSIP Number)

Brent D. Baird

25 Melbourne Place

Buffalo, New York 14222

Tel. 716-830-6322

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

September 27, 2021

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ☐.

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 817732100    SCHEDULE 13D    Page 2 of 8

 

  1.    

  Names of Reporting Person:

 

  Brent D. Baird

  2.  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only:

 

  4.  

  Source of Funds:

 

  PF

  5.  

  Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e).

 

  ☐

  6.  

  Citizenship or Place of Organization:

 

  United States

       7.     

  Sole Voting Power:

 

  127,000 shares of common stock

     8.   

  Shared Voting Power:

 

  -0-

     9.   

  Sole Dispositive Power:

 

  127,000 shares of common stock

   10.   

  Shared Dispositive Power:

 

  -0-

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person:

 

  127,000 shares of common stock

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11):

 

  Common Shares – 5.1%

14.  

  Type of Reporting Person:

 

  IN


CUSIP No. 817732100    SCHEDULE 13D    Page 3 of 8

 

Item 1.

Security and Issuer.

This Schedule 13D (the “Schedule 13D”) relates to shares of common stock, par value $0.20 per share (“Common Stock”), of Servotronics, Inc., a Delaware corporation (the “Company”). The principal executive offices of the Company are located at 1110 Maple Street, Elma, New York 14059.

 

Item 2.

Identity and Background.

(a) This Schedule 13D is filed by Brent D. Baird (who is referred to herein to as the “Reporting Person”).

(b) The principal address of the Reporting Person is 25 Melbourne Place, Buffalo, New York, 14222.

(c) The Reporting Person is retired from active employment.

(d) During the past five (5) years, Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the past five (5) years, the Reporting Person has not been 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 law or finding any violation with respect to such laws.

(f) The Reporting Person is a U.S. citizen.

 

Item 3.

Source and Amount of Funds or Other Consideration.

All of the shares of Common Stock owned by the Reporting Person were purchased by the Reporting Person with his personal funds. The total consideration paid for the 127,000 shares of Common Stock purchased by the Reporting Person was $1,273,460.75.

 

Item 4.

Purpose of Transaction.

The acquisition of shares of Common Stock by Reporting Person was made for investment purposes. Depending upon overall market conditions, other investment opportunities available to Reporting Person, and the availability of shares of Common Stock at prices that would make the purchase or sale of shares of Common Stock desirable, Reporting Person may endeavor to increase or decrease his position in the Company through, among other things, the purchase or sale of shares of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as Reporting Person may deem advisable.


CUSIP No. 817732100    SCHEDULE 13D    Page 4 of 8

 

Reporting Person has no present plans or proposals that would relate to, or result in, any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D, except as set forth herein or as would reasonably occur upon or in connection with completion of, or following, any of the actions discussed herein. Reporting Person intends to review his investment in the Company on a continuing basis. Depending on various factors including, without limitation, the Company’s financial position and investment strategy, the price level of the shares of Common Stock, conditions in the securities markets and general economic and industry conditions, Reporting Person may in the future take such actions with respect to his investment in the Company as he deems appropriate including, without limitation, engaging in communications with management and the Board of Directors of the Company, engaging in discussions with stockholders of the Company or other third parties about the Company and Reporting Person’s investment, including potential business combinations or dispositions involving the Company or certain of its businesses, making recommendations or proposals to the Company concerning changes to the capitalization, ownership structure, board structure (including board composition), potential business combinations or dispositions involving the Company or certain of its businesses, or suggestions for improving the Company’s financial and/or operational performance, purchasing additional shares of Common Stock, selling some or all of his shares of Common Stock, engaging in short selling of or any hedging or similar transaction with respect to the shares of Common Stock, including swaps and other derivative instruments, or changing his intention with respect to any and all matters referred to in Item 4.

 

Item 5.

Interest in Securities of the Issuer.

(a) and (b) Reporting Person owns beneficially, and has the sole power to vote and dispose of, 127,000 shares of Common Stock or approximately 5.1% of the outstanding shares of Common Stock of the Company, based on 2,491,667 shares of Common Stock outstanding as of July 20, 2021, as set forth in the Company’s Quarterly Report on Form 10-Q for the Quarter ended June 30, 2021.

(c) The transactions in shares of Common Stock by Reporting Person during the past sixty (60) days were as follows:

 

Nature and Date of Transaction

  

Number of Shares of Common Stock Purchased

   Price Per Share ($)  

Open Market Purchase - 7/29/21

   1000    $ 8.5274  

Open Market Purchase - 7/29/21

   1000    $ 8.497  

Open Market Purchase - 7/29/21

   1000    $ 8.12  

Open Market Purchase - 7/29/21

   1000    $ 8.6650  

Open Market Purchase - 7/30/21

   1000    $ 8.17  

Open Market Purchase - 7/30/21

   1000    $ 8.5564  

Open Market Purchase - 8/2/21

   1000    $ 8.6675  

Open Market Purchase - 8/2/21

   1000    $ 8.6647  

Open Market Purchase - 8/2/21

   1000    $ 8.9390  

Open Market Purchase - 8/3/21

   2000    $ 8.9858  

Open Market Purchase - 8/3/21

   1000    $ 8.8552  


CUSIP No. 817732100    SCHEDULE 13D    Page 5 of 8

 

Nature and Date of Transaction

  

Number of Shares of Common Stock Purchased

   Price Per Share ($)  

Open Market Purchase - 8/3/21

   1000    $ 8.8080  

Open Market Purchase - 8/3/21

   1000    $ 8.9853  

Open Market Purchase - 8/3/21

   1000    $ 8.8523  

Open Market Purchase - 8/3/21

   2000    $ 8.9659  

Open Market Purchase - 8/3/21

   1000    $ 9.1954  

Open Market Purchase - 8/3/21

   2000    $ 9.2815  

Open Market Purchase - 8/4/21

   1000    $ 9.2332  

Open Market Purchase - 8/4/21

   1000    $ 9.15  

Open Market Purchase - 8/5/21

   1000    $ 9.3030  

Open Market Purchase - 8/6/21

   1000    $ 8.66  

Open Market Purchase - 8/6/21

   1000    $ 9.3086  

Open Market Purchase - 8/9/21

   1000    $ 9.1943  

Open Market Purchase - 8/9/21

   1000    $ 9.07  

Open Market Purchase - 8/9/21

   1000    $ 9.287  

Open Market Purchase - 8/10/21

   1000    $ 9.2003  

Open Market Purchase - 8/10/21

   1000    $ 9.0815  

Open Market Purchase - 8/11/21

   1000    $ 8.67  

Open Market Purchase - 8/11/21

   1000    $ 8.9238  

Open Market Purchase - 8/11/21

   1000    $ 8.67  

Open Market Purchase - 8/12/21

   1000    $ 9.5324  

Open Market Purchase - 8/12/21

   1000    $ 9.8729  

Open Market Purchase - 8/13/21

   2000    $ 9.9699  

Open Market Purchase - 8/16/21

   1000    $ 9.2731  

Open Market Purchase - 8/16/21

   1000    $ 9.4915  

Open Market Purchase - 8/16/21

   1000    $ 9.9455  

Open Market Purchase - 8/16/21

   1000    $ 9.8122  

Open Market Purchase - 8/16/21

   1000    $ 9.84  

Open Market Purchase - 8/16/21

   2000    $ 9.4613  

Open Market Purchase - 8/16/21

   1000    $ 9.7152  

Open Market Purchase - 8/16/21

   1000    $ 9.3115  

Open Market Purchase - 8/16/21

   1000    $ 9.2949  

Open Market Purchase - 8/16/21

   2000    $ 9.3774  

Open Market Purchase - 8/16/21

   1000    $ 9.3326  

Open Market Purchase - 8/16/21

   1000    $ 9.2689  

Open Market Purchase - 8/17/21

   1000    $ 9.1989  

Open Market Purchase - 8/17/21

   1000    $ 9.1519  

Open Market Purchase - 8/17/21

   1000    $ 9.005  

Open Market Purchase - 8/17/21

   1000    $ 9.2185  

Open Market Purchase - 8/17/21

   1000    $ 9.1729  

Open Market Purchase - 8/17/21

   1000    $ 9.4198  

Open Market Purchase - 8/17/21

   2000    $ 9.5820  

Open Market Purchase - 8/17/21

   1000    $ 9.155  

Open Market Purchase - 8/18/21

   1000    $ 9.1014  


CUSIP No. 817732100    SCHEDULE 13D    Page 6 of 8

 

Nature and Date of Transaction

  

Number of Shares of Common Stock Purchased

   Price Per Share ($)  

Open Market Purchase - 8/18/21

   1000    $ 8.77  

Open Market Purchase - 8/18/21

   1000    $ 9.18  

Open Market Purchase - 8/18/21

   1000    $ 9.18  

Open Market Purchase - 8/18/21

   1000    $ 9.5899  

Open Market Purchase - 8/18/21

   2000    $ 9.2248  

Open Market Purchase - 8/18/21

   2000    $ 9.3067  

Open Market Purchase - 8/19/21

   1000    $ 9.2776  

Open Market Purchase - 8/19/21

   1000    $ 9.327  

Open Market Purchase - 8/19/21

   1000    $ 9.1253  

Open Market Purchase - 8/20/21

   1000    $ 9.5398  

Open Market Purchase - 8/20/21

   1000    $ 9.4788  

Open Market Purchase - 8/20/21

   1000    $ 9.7379  

Open Market Purchase - 8/23/21

   1000    $ 9.7258  

Open Market Purchase - 8/23/21

   1000    $ 10.1931  

Open Market Purchase - 8/23/21

   1000    $ 10.3510  

Open Market Purchase - 8/24/21

   1000    $ 10.0707  

Open Market Purchase - 8/24/21

   1000    $ 10.3385  

Open Market Purchase - 8/24/21

   5000    $ 10.5463  

Open Market Purchase - 8/27/21

   1000    $ 10.688  

Open Market Purchase - 8/27/21

   1000    $ 10.5070  

Open Market Purchase - 8/27/21

   6000    $ 10.9936  

Open Market Purchase - 8/27/21

   1000    $ 10.8108  

Open Market Purchase - 8/27/21

   1000    $ 11.064  

Open Market Purchase - 8/30/21

   1000    $ 10.7962  

Open Market Purchase - 8/30/21

   1000    $ 10.9555  

Open Market Purchase - 8/31/21

   1000    $ 11.2111  

Open Market Purchase - 8/31/21

   1000    $ 11.4459  

Open Market Purchase - 9/1/21

   1000    $ 11.2416  

Open Market Purchase - 9/2/21

   2000    $ 11.596  

Open Market Purchase - 9/2/21

   1000    $ 11.5639  

Open Market Purchase - 9/2/21

   1000    $ 11.5983  

Open Market Purchase - 9/2/21

   1000    $ 11.7439  

Open Market Purchase - 9/7/21

   1000    $ 11.6492  

Open Market Purchase - 9/7/21

   1000    $ 11.8227  

Open Market Purchase - 9/7/21

   1000    $ 11.7602  

Open Market Purchase - 9/8/21

   1000    $ 11.3462  

Open Market Purchase - 9/8/21

   1000    $ 11.7650  

Open Market Purchase - 9/8/21

   5000    $ 11.9815  

Open Market Purchase - 9/13/21

   1000    $ 11.0422  

Open Market Purchase - 9/15/21

   1000    $ 11.7032  

Open Market Purchase - 9/16/21

   1000    $ 11.6563  

Open Market Purchase - 9/17/21

   1000    $ 11.6938  

Open Market Purchase - 9/17/21

   1000    $ 11.40  


CUSIP No. 817732100    SCHEDULE 13D    Page 7 of 8

 

Nature and Date of Transaction

  

Number of Shares of Common Stock Purchased

   Price Per Share ($)  

Open Market Purchase - 9/17/21

   1000    $ 11.4792  

Open Market Purchase - 9/21/21

   1000    $ 12.3499  

Open Market Purchase - 9/23/21

   1000    $ 11.6423  

Open Market Purchase - 9/24/21

   1000    $ 12.2166  

Open Market Purchase - 9/27/21

   3000    $ 11.6126  

(d) No other person is known to Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this Schedule 13D.

(e) Not applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer.

To the knowledge of Reporting Person, there are no contracts, arrangements, understandings or relationships between Reporting Person and any other person or entity with respect to the securities of the Company, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

 

Item 7.

Material to be filed as Exhibits.

None.


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.

Date: September 30, 2021

 

/s/ Brent D. Baird

Brent D. Baird