Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]
12 Novembro 2024 - 12:20PM
Edgar (US Regulatory)
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. 2)*
Array
Technologies, Inc.
(Name of Issuer)
Common Stock
(Title of
Class of Securities)
04271T100
(CUSIP Number)
September 30, 2024
(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 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).
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| CUSIP No. 04271T100 |
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13G |
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Page 1 of 10 Pages |
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| 1. |
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Names of Reporting Persons
Hill City Capital Master Fund LP |
| 2. |
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Check the Appropriate Box if a
Member of a Group (See Instructions) (a) ☐ (b) ☐
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| 3. |
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SEC Use Only
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| 4. |
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Citizenship or Place of
Organization Cayman
Islands |
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| Number of
Shares Beneficially
Owned by Each
Reporting Person
With |
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5. |
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Sole Voting Power
0 |
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6. |
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Shared Voting Power
14,265,335 |
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7. |
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Sole Dispositive Power
0 |
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8. |
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Shared Dispositive Power
14,265,335 |
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| 9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
14,265,335 |
| 10. |
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Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11. |
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Percent of Class Represented by
Amount in Row (9) 9.39%* |
| 12. |
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Type of Reporting Person (See
Instructions) PN |
| * |
Based on 151,942,981 shares of Common Stock outstanding as of November 4, 2024, as reported in the
Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 and filed with the Securities and Exchange Commission on November 7, 2024. |
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| CUSIP No. 04271T100 |
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13G |
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Page 2 of 10 Pages |
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| 1. |
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Names of Reporting Persons
Hill City Capital GP LLC |
| 2. |
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Check the Appropriate Box if a
Member of a Group (See Instructions) (a) ☐ (b) ☐
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| 3. |
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SEC Use Only
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| 4. |
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Citizenship or Place of
Organization
Delaware |
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| Number of
Shares Beneficially
Owned by Each
Reporting Person
With |
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5. |
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Sole Voting Power
0 |
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6. |
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Shared Voting Power
14,265,335 |
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7. |
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Sole Dispositive Power
0 |
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8. |
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Shared Dispositive Power
14,265,335 |
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| 9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
14,265,335 |
| 10. |
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Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11. |
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Percent of Class Represented by
Amount in Row (9) 9.39%* |
| 12. |
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Type of Reporting Person (See
Instructions) OO |
| * |
Based on 151,942,981 shares of Common Stock outstanding as of November 4, 2024, as reported in the
Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 and filed with the Securities and Exchange Commission on November 7, 2024. |
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| CUSIP No. 04271T100 |
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13G |
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Page 3 of 10 Pages |
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| 1. |
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Names of Reporting Persons
Hill City Capital LP |
| 2. |
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Check the Appropriate Box if a
Member of a Group (See Instructions) (a) ☐ (b) ☐
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| 3. |
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SEC Use Only
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| 4. |
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Citizenship or Place of
Organization
Delaware |
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| Number of
Shares Beneficially
Owned by Each
Reporting Person
With |
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5. |
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Sole Voting Power
0 |
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6. |
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Shared Voting Power
14,265,335 |
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7. |
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Sole Dispositive Power
0 |
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8. |
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Shared Dispositive Power
14,265,335 |
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| 9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
14,265,335 |
| 10. |
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Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11. |
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Percent of Class Represented by
Amount in Row (9) 9.39%* |
| 12. |
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Type of Reporting Person (See
Instructions) PN, IA |
| * |
Based on 151,942,981 shares of Common Stock outstanding as of November 4, 2024, as reported in the
Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 and filed with the Securities and Exchange Commission on November 7, 2024. |
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| CUSIP No. 04271T100 |
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13G |
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Page 4 of 10 Pages |
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| 1. |
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Names of Reporting Persons
Hill City GP LLC |
| 2. |
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Check the Appropriate Box if a
Member of a Group (See Instructions) (a) ☐ (b) ☐
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| 3. |
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SEC Use Only
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| 4. |
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Citizenship or Place of
Organization
Delaware |
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| Number of
Shares Beneficially
Owned by Each
Reporting Person
With |
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5. |
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Sole Voting Power
0 |
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6. |
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Shared Voting Power
14,265,335 |
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7. |
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Sole Dispositive Power
0 |
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8. |
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Shared Dispositive Power
14,265,335 |
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| 9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
14,265,335 |
| 10. |
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Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11. |
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Percent of Class Represented by
Amount in Row (9) 9.39%* |
| 12. |
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Type of Reporting Person (See
Instructions) OO |
| * |
Based on 151,942,981 shares of Common Stock outstanding as of November 4, 2024, as reported in the
Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 and filed with the Securities and Exchange Commission on November 7, 2024. |
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| CUSIP No. 04271T100 |
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13G |
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Page 5 of 10 Pages |
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| 1. |
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Names of Reporting Persons
Herbert Frazier |
| 2. |
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Check the Appropriate Box if a
Member of a Group (See Instructions) (a) ☐ (b) ☐
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| 3. |
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SEC Use Only
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| 4. |
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Citizenship or Place of
Organization United States of
America |
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| Number of
Shares Beneficially
Owned by Each
Reporting Person
With |
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5. |
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Sole Voting Power
0 |
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6. |
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Shared Voting Power
14,265,335 |
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7. |
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Sole Dispositive Power
0 |
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8. |
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Shared Dispositive Power
14,265,335 |
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| 9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
14,265,335 |
| 10. |
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Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) ☐ |
| 11. |
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Percent of Class Represented by
Amount in Row (9) 9.39%* |
| 12. |
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Type of Reporting Person (See
Instructions) IN |
| * |
Based on 151,942,981 shares of Common Stock outstanding as of November 4, 2024, as reported in the
Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 and filed with the Securities and Exchange Commission on November 7, 2024. |
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| CUSIP No. 04271T100 |
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13G |
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Page 6 of 10 Pages |
Item 1.
Array Technologies, Inc.
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(b) |
Address of Issuer’s Principal Executive Offices: |
3901 Midway Place NE, Albuquerque, New Mexico 87109
Item 2.
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(a) |
Name of Person Filing: |
This Schedule 13G is being filed by Hill City Capital Master Fund LP (the “Fund”); Hill City Capital GP LLC (the “General
Partner”), which serves as the general partner of the Fund; Hill City Capital LP (the “Investment Manager”), which serves as investment manager of the Fund; Hill City GP LLC (the “Investment Manager GP”), which serves as the
general partner of the Investment Manager; and Herbert Frazier, who serves as managing member of the General Partner and the Investment Manager GP (each of whom may be referred to herein as a “Reporting Person” and collectively as the
“Reporting Persons”). The Reporting Persons are making this single, joint filing and the agreement among the Reporting Persons to file jointly is attached hereto as Exhibit 1.
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(b) |
Address of Principal Business Office or, if none, Residence: |
The principal business address of the Fund is c/o Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman KY1-9009. The principal business address of the General Partner, the Investment Manager, the Investment Manager GP and Mr. Frazier is 121 High St, 3rd Floor,
Boston, Massachusetts 02110.
The Fund is a Cayman Islands exempted limited partnership; each of the General Partner and the Investment Manager GP is a Delaware limited
liability company; the Investment Manager is a Delaware limited partnership; and Mr. Frazier is a citizen of the United States.
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(d) |
Title of Class of Securities: |
Common Stock
04271T100
| Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
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☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
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| (b) |
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☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
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☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
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☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
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☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
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☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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| CUSIP No. 04271T100 |
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13G |
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Page 7 of 10 Pages |
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| (i) |
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☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
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☐ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). |
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☐ Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:_______
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a) |
Amount beneficially owned: |
See Item 9 of each cover page.
See Item 11 of each cover page.
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(c) |
Number of shares as to which the person has: |
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(i) |
Sole power to vote or to direct the vote |
See Item 5 of each cover page.
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(ii) |
Shared power to vote or to direct the vote |
See Item 6 of each cover page.
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(iii) |
Sole power to dispose or to direct the disposition of |
See Item 7 of each cover page.
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(iv) |
Shared power to dispose or to direct the disposition of |
See Item 8 of each cover page.
Each of the
Reporting Persons disclaims beneficial ownership of the Common Units reported herein except to the extent of its or his pecuniary interest therein, if any.
| Item 5. |
Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following ☐.
| 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.
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| CUSIP No. 04271T100 |
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13G |
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Page 8 of 10 Pages |
| Item 9. |
Notice of Dissolution of Group |
Not applicable.
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.
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| CUSIP No. 04271T100 |
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13G |
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Page 9 of 10 Pages |
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.
Dated: November 12, 2024
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| HILL CITY CAPITAL MASTER FUND LP |
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| By: |
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HILL CITY CAPITAL GP LLC, |
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its General Partner |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| HILL CITY CAPITAL GP LLC |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| HILL CITY CAPITAL LP |
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| By: |
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HILL CITY GP LLC, |
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its General Partner |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| HILL CITY GP LLC |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| /s/ Herbert Frazier |
| Herbert Frazier |
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| CUSIP No. 04271T100 |
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13G |
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Page
1
0 of 10 Pages |
EXHIBIT 1
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of Common Stock of Array Technologies, Inc.
EXECUTED this 12th day of November,
2024.
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| HILL CITY CAPITAL MASTER FUND LP |
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| By: |
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HILL CITY CAPITAL GP LLC, |
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its General Partner |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| HILL CITY CAPITAL GP LLC |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| HILL CITY CAPITAL LP |
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| By: |
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HILL CITY GP LLC, |
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its General Partner |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| HILL CITY GP LLC |
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| By: |
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/s/ Herbert Frazier |
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Herbert Frazier |
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Managing Member |
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| /s/ Herbert Frazier |
| Herbert Frazier |
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