Filing Details

Accession Number:
0001193125-24-038495
Form Type:
13D Filing
Publication Date:
2024-02-15 19:00:00
Filed By:
Coliseum Capital
Company:
Universal Technical Institute Inc
Filing Date:
2024-02-16
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Coliseum Capital Management 0 9,334,215 0 9,334,215 9,334,215 17.4%
Coliseum Capital 0 7,738,303 0 7,738,303 7,738,303 14.4%
Coliseum Capital Partners 0 7,738,303 0 7,738,303 7,738,303 14.4%
Adam Gray 0 9,334,215 0 9,334,215 9,334,215 17.4%
Christopher Shackelton 0 9,334,215 0 9,334,215 9,334,215 17.4%
Filing

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 7)*

 

 

UNIVERSAL TECHNICAL INSTITUTE, INC.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

913915104

(CUSIP Number)

Christopher Shackelton/Adam Gray

105 Rowayton Avenue

Rowayton, CT 06853

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

February 15, 2024

(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 persons 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, as amended, (the Exchange Act) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

 

 

 


CUSIP No. 913915104    13D/A    Page 1 of 8

 

 1.   

 Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only)

 

 Coliseum Capital Management, LLC

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 Delaware

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.   

 Shared voting power

 

 9,334,215

    9.   

 Sole dispositive power

 

 0

   10.   

 Shared dispositive power

 

 9,334,215

11.   

 Aggregate amount beneficially owned by each reporting person

 

 9,334,215

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 17.4%

14.  

 Type of reporting person (see instructions)

 

 IA


CUSIP No. 913915104    13D/A    Page 2 of 8

 

 1.   

 Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only)

 

 Coliseum Capital, LLC

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 Delaware

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.   

 Shared voting power

 

 7,738,303

    9.   

 Sole dispositive power

 

 0

   10.   

 Shared dispositive power

 

 7,738,303

11.   

 Aggregate amount beneficially owned by each reporting person

 

 7,738,303

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 14.4%

14.  

 Type of reporting person (see instructions)

 

 OO


CUSIP No. 913915104    13D/A    Page 3 of 8

 

 1.   

 Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only)

 

 Coliseum Capital Partners, L.P.

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 WC

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 Delaware

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.   

 Shared voting power

 

 7,738,303

    9.   

 Sole dispositive power

 

 0

   10.   

 Shared dispositive power

 

 7,738,303

11.   

 Aggregate amount beneficially owned by each reporting person

 

 7,738,303

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 14.4%

14.  

 Type of reporting person (see instructions)

 

 PN


CUSIP No. 913915104    13D/A    Page 4 of 8

 

 1.   

 Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only)

 

 Adam Gray

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 United States

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.   

 Shared voting power

 

 9,334,215

    9.   

 Sole dispositive power

 

 0

   10.   

 Shared dispositive power

 

 9,334,215

11.   

 Aggregate amount beneficially owned by each reporting person

 

 9,334,215

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 17.4%

14.  

 Type of reporting person (see instructions)

 

 IN


CUSIP No. 913915104    13D/A    Page 5 of 8

 

 1.   

 Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only)

 

 Christopher Shackelton

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF, PF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 United States

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.   

 Shared voting power

 

 9,334,215

    9.   

 Sole dispositive power

 

 0

   10.   

 Shared dispositive power

 

 9,334,215

11.   

 Aggregate amount beneficially owned by each reporting person

 

 9,334,215

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 17.4%

14.  

 Type of reporting person (see instructions)

 

 IN


CUSIP No. 913915104    13D/A    Page 6 of 8

 

Explanatory Note: This Amendment No. 7 (this Amendment) to the Schedule 13D (the Initial 13D) filed by the Reporting Persons (as defined below) with the U.S. Securities and Exchange Commission (the SEC) on March 21, 2016, relating to shares of common stock, $0.0001 par value per share (the Common Shares), of Universal Technical Institute, Inc. (the Issuer), a corporation organized under the laws of Delaware, and as amended by Amendment No. 1 to the Initial 13D filed with the SEC on June 28, 2016, by Amendment No. 2 to the Initial 13D filed with the SEC on December 19, 2019, by Amendment No. 3 to the Initial 13D filed with the SEC on September 16, 2020, by Amendment No. 4 to the Initial 13D filed with the SEC on December 29, 2022,by Amendment No. 5 to the Initial 13D filed with the SEC on June 26, 2023 and by Amendment No. 6 to the Initial 13D filed with the SEC on December 19, 2023, amends and supplements the items set forth herein.

As used in this statement, the term Reporting Persons collectively refers to:

 

   

Coliseum Capital Management, LLC (CCM);

 

   

Coliseum Capital, LLC (CC);

 

   

Coliseum Capital Partners, L.P. (CCP);

 

   

Adam Gray (Gray); and

 

   

Christopher Shackelton (Shackelton),

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and supplemented as follows:

 

(a)  (b)

The information relating to the beneficial ownership of the Common Shares by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated herein by reference. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon a total of 53,732,017 Common Shares outstanding as of February 1, 2024, as reported in the Issuers Quarterly Report on Form 10-Q as filed with the SEC on February 8, 2024.

 

(c)

The Reporting Persons and a separate account investment advisory client of CCM (the Separate Account) effected the following transactions in the Common Shares on the dates indicated, and such transactions are the only transactions in the Common Shares by the Reporting Persons in the sixty days preceding the filing of this Amendment, or since the last 13D filing, whichever is less:

 

Name

   Nature of Transaction     Date      Number of
Shares of
Common
Stock
     Price Per
Share
    

Range of

Prices

CCP

     Block Trade (Sale     02/15/2024        3,279,979      $ 15.05      $  N/A

Separate Account

     Block Trade (Sale     02/15/2024        676,448      $ 15.05      $  N/A

 


SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct

DATED: February 16, 2024

 

COLISEUM CAPITAL MANAGEMENT, LLC      COLISEUM CAPITAL, LLC
By: /s/ Chivonne Cassar               By: /s/ Chivonne Cassar        
  Chivonne Cassar, Attorney-in-fact        Chivonne Cassar, Attorney-in-fact
COLISEUM CAPITAL PARTNERS, L.P.           ADAM GRAY
By: Coliseum Capital, LLC, General Partner     
By: /s/ Chivonne Cassar               By: /s/ Chivonne Cassar        
  Chivonne Cassar, Attorney-in-fact        Chivonne Cassar, Attorney-in-fact
CHRISTOPHER SHACKELTON     
By: /s/ Chivonne Cassar              
  Chivonne Cassar, Attorney-in-fact