Sec Form 13G Filing - CMI Oxbow Partners LLC filing for SKYWATER TECHNOLOGY INC (SKYT) - 2022-02-11

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.
(Amendment No. )*



SkyWater Technology, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 

83089J108
(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)
 
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 purposes 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.
83089J108

 
 
 
1
NAMES OF REPORTING PERSONS
 
 
 
 
 
CMI Oxbow Partners, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(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
 
 
27,559,404
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
27,559,404
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
27,559,404
 
 
 
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
  ☐

          
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
70.6%*
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
CO
 
0;
 
 


*
This percentage calculation is based on 39,059,743 shares of the common stock of the Issuer (“Common Stock”) outstanding as of November 4, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission (“SEC”) on November 8, 2021.


CUSIP NO.
83089J108

 
 
 
1
NAMES OF REPORTING PERSONS
 
 
 
 
 
Oxbow Industries, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) ☐    
(b) ☐
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Minnesota
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
-0-
 
 
 
 
6
SHARED VOTING POWER
 
 
27,559,404
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
27,559,404
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
27,559,404
 
 
 
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
  ☐

          
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
70.6%**
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
CO
 
 
 
 


**
This percentage calculation is based on 39,059,743 shares of Common Stock outstanding as of November 4, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the SEC on November 8, 2021.
 

CUSIP NO.
83089J108

 
 
 
1
NAMES OF REPORTING PERSONS
 
 
 
 
 
Loren A. Unterseher
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) ☐    
(b) ☐
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States of America
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
-0-
 
 
 
 
6
SHARED VOTING POWER
 
 
27,559,404
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
-0-
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
27,559,404
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
27,559,404
 
 
 
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
  ☐

          
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
70.6%**
 
 
 
 
12
TYPE OF REPORTING PERSON*
 
 
CO
 
 
 
 


**
This percentage calculation is based on 39,059,743 shares of Common Stock outstanding as of November 4, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the SEC on November 8, 2021.
 


Item 1(a)
Name of Issuer:
 
 
 
The name of the issuer is SkyWater Technology, Inc. (the “Issuer”).
 
 
Item 1(b)
Address of Issuer's Principal Executive Offices:
 
 
 
The Issuer’s principal executive offices are located at 2401 East 86th Street, Bloomington, Minnesota 55425.
 
 
Item 2(a)
Name of Person Filing:
 
 
 
This Schedule 13G is being filed by CMI Oxbow Partners, LLC (“CMI Oxbow”), a Delaware limited liability company, Oxbow Industries, LLC (“Oxbow Industries”), a Minnesota limited liability company, and Loren A. Unterseher (collectively with CMI Oxbow and Oxbow Industries, the “Reporting Persons”).

The Reporting Persons may be deemed to beneficially own 27,559,404 shares of the common stock of the Issuer (“Common Stock”). CMI Oxbow is the record holder of 27,559,404 shares of Common Stock. Oxbow Industries is the majority member of CMI Oxbow. Mr. Unterseher is a member, and the Managing Partner, of Oxbow Industries, and has the right to direct the management and policies of Oxbow Industries. Oxbow Industries has the right to direct the management and policies of CMI Oxbow. As a result, Mr. Unterseher may be deemed to be the beneficial owner of all the shares of Common Stock owned by Oxbow Industries, and Oxbow Industries may be deemed to be the beneficial owner of all the shares of Common Stock owned by CMI Oxbow.
 
 
Item 2(b)
Address of Principal Business Office or, if none, Residence:
 
 
 
The address of the principal business office of each of the Reporting Persons is 4450 Excelsior Boulevard, Suite 440, Minneapolis, Minnesota 55416.
 
 
Item 2(c)  Citizenship:
   
 
CMI Oxbow is a Delaware limited liability company.
 
Oxbow Industries is a Minnesota limited liability company.
 
Loren A. Unterseher is a citizen of the United States of America.
   
Item 2(d)
Title of Class of Securities:
 
  ;
 
Common Stock, par value $0.01 per share
 
 
Item 2(e)
CUSIP No.:
 
 
 

 83089J108
 
 
Item 3
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
 
 
 
Not applicable.
 
 

Item 4
Ownership:
 
 
(a)
  Amount beneficially owned: 

 
Each of CMI Oxbow, Oxbow Industries, and Mr. Unterseher may be deemed to beneficially own 27,559,404 shares.

 
(b)
  Percent of class: 
 
CMI Oxbow                                      70.6%1
Oxbow Industries                               70.6%1
Loren A. Unterseher                           70.6%1

 
(c)
  Number of shares as to which such person has: 
 
 
(i)
  Sole power to vote or direct the vote: -0- for all Reporting Persons 
 
 
 
(ii)
  Shared power to vote or direct the vote:
 
 
CMI Oxbow                           27,559,404
Oxbow Industries                    27,559,404
Loren A. Unterseher                27,559,404

 
(iii)
  Sole power to dispose or direct the disposition:  -0- for all Reporting Persons 
 
 
 
(iv)
  Shared power to dispose or direct the disposition:
 
 
CMI Oxbow                           27,559,404
Oxbow Industries                    27,559,404
Loren A. Unterseher                27,559,404



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 or Control Person:
 
 
 
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:
 
 

Not applicable.
 
 
 
1
This percentage calculation is based on 39,059,743 shares of Common Stock outstanding as of November 4, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the SEC on November 8, 2021.



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 11, 2022

 

 
 CMI Oxbow Partners, LLC

 
 


 
 By:  /s/ Loren A. Unterseher
 
 


 
 Name:  Loren A. Unterseher
 
 


 
 Title:  President
 

 

 
 Oxbow Industries, LLC

 
 


 
 By:  /s/ Loren A. Unterseher
 
 


 
 Name:  Loren A. Unterseher
 
 


 
 Title:  Managing Partner
 

 

 
  Loren A. Unterseher

 
 



  /s/ Loren A. Unterseher
 


 
 
 




EXHIBIT INDEX
 
Exhibit
 
Description of Exhibit
 
 
 
 1
 
Joint Filing Agreement dated February 11, 2022.
 
 
 





Exhibit 1
 
JOINT FILING AGREEMENT
 
The undersigned hereby agree as follows:
 
(i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and
 
(ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
 
Date: February 11, 2022

 

 
 CMI Oxbow Partners, LLC

 
 


 
 By:  /s/ Loren A. Unterseher
 
 


 
 Name:  Loren A. Unterseher
 
 


 
 Title:  President
 

 

 
 Oxbow Industries, LLC

 
 


 
 By:  /s/ Loren A. Unterseher
 
 


 
 Name:  Loren A. Unterseher
 
 


 
 Title:  Managing Partner
 

 

 
  Loren A. Unterseher

 
 



  /s/ Loren A. Unterseher