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

 

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).

 

 

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)

 

 

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

 

 

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.

 

 

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.

 

 

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

 

 

LIST OF EXHIBITS

 

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