Sec Form 13G Filing - PLATINUM EQUITY LLC filing for UWM Holdings Corp (UWMC) - 2024-02-13

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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Securities and Exchange Commission

Washington, D.C. 20549

 

Schedule 13G

 

(Rule 13d-102)

 

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

(Amendment No.  )*

 

UWM Holdings Corporation

(Name of Issuer)

 

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

91823B109

(CUSIP Number)

 

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)

 

* 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 the disclosures provided in a prior cover page.

 

The information required in 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. 91823B109Schedule 13GPage 1 of 6

 

1

Names of Reporting Persons

 

Platinum Equity, LLC

2 Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

3

SEC Use Only

 

4

Citizenship or Place of Organization

 

Delaware

Number of Shares
Beneficially Owned
by Each Reporting
Person With
5

Sole Voting Power

 

0

6

Shared Voting Power

 

6,909,320

7

Sole Dispositive Power

 

0

8

Shared Dispositive Power

 

6,909,320

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,909,320

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

  ;

Not Applicable

11

Percent of Class Represented by Amount in Row 9

 

7.2%

12

Type of Reporting Person

 

OO (Limited Liability Company)

 

 

CUSIP No. 91823B109Schedule 13GPage 2 of 6

 

1

Names of Reporting Persons

 

Tom Gores

2 Check the Appropriate Box if a Member of a Group

(a) ¨

(b) ¨

3

SEC Use Only

 

4

Citizenship or Place of Organization

 

United States

Number of Shares
Beneficially Owned
by Each Reporting
Person With
5

Sole Voting Power

 

0

6

Shared Voting Power

 

6,909,320

7

Sole Dispositive Power

 

0

8

Shared Dispositive Power

 

6,909,320

9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,909,320

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11

Percent of Class Represented by Amount in Row 9

 

7.2%

12

Type of Reporting Person

 

IN

 

 

CUSIP No. 91823B109Schedule 13GPage 3 of 6

 

ITEM 1.(a) Name of Issuer:

 

UWM Holdings Corporation (the “Issuer”).

 

(b)Address of Issuer’s Principal Executive Offices:

 

585 South Boulevard E., Pontiac, MI 48341.

 

ITEM 2. (a) Name of Person Filing:

 

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

Platinum Equity, LLC

Tom Gores

 

(b)Address or Principal Business Office:

 

The principal business address of each of the Reporting Persons is 360 North Crescent Drive, Beverly Hills, CA 90210.

 

(c)Citizenship of each Reporting Person is:

 

Platinum Equity, LLC is organized under the laws of the State of Delaware. Tom Gores is a citizen of the United States.

 

(d)Title of Class of Securities:

 

Class A Common Stock, par value $0.0001 per share (“Common Stock”).

 

(e)CUSIP Number:

 

91823B109

 

ITEM 3.    

 

Not applicable.

 

 

CUSIP No. 91823B109Schedule 13GPage 4 of 6

 

ITEM 4. Ownership.

 

(a-c)

 

The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of the date hereof, based upon 93,654,269 shares of Common Stock outstanding as of November 6, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.

 

Reporting Person  Amount
beneficially
owned
   Percent
of class:
   Sole power
to vote or to
direct the
vote:
   Shared power
to vote or to
direct the
vote:
   Sole
power to
dispose or
to direct
the
disposition
of:
   Shared
power to
dispose or
to direct
the
disposition
of:
 
Platinum Equity, LLC   6,909,320    7.2%   0    6,909,320    0    6,909,320 
Tom Gores   6,909,320    7.2%   0    6,909,320    0    6,909,320 

 

Tom Gores is the manager of Platinum Equity, LLC, which is the record holder of 4,894,101 shares of Common Stock and warrants exercisable for 2,015,219 shares of Common Stock.

 

ITEM 5. Ownership of Five Percent or Less of a Class.

 

Not applicable.

 

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

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.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

 

CUSIP No. 91823B109Schedule 13GPage 5 of 6

 

SIGNATURE

 

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: February 13, 2024

 

  Platinum Equity, LLC
     
  By: /s/ Mary Ann Sigler
  Name: Mary Ann Sigler
  Title: Executive Vice President, Chief Financial Officer and Treasurer

 

  Tom Gores
     
  By: /s/ Mary Ann Sigler
  Name: Mary Ann Sigler
  Title: Attorney-in-Fact

 

 

CUSIP No. 91823B109Schedule 13GPage 6 of 6

 

LIST OF EXHIBITS

 

Exhibit No. Description
   
24 Power of Attorney.
   
99 Joint Filing Agreement.