Solitron Devices, Inc.
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(Name of issuer)
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Common Stock, $0.01 par value
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(Title of class of securities)
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834256208
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(CUSIP number)
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December 31, 2023
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(Date of event which requires filing of this statement)
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☐ |
Rule 13d-1(b)
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☒ |
Rule 13d-1(c)
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☐ |
Rule 13d-1(d)
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1
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NAMES OF REPORTING PERSONS
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Granite State Capital Management, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(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
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New Hampshire, 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
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6
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SHARED VOTING POWER
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138,573
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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138,573
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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138,573
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.65%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO – limited liability company
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1
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NAMES OF REPORTING PERSONS
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Eric Schleien
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(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
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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
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6
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SHARED VOTING POWER
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138,573
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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138,573
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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138,573
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||||
10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.65%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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Item 1 (a). |
Name of Issuer: Solitron Devices, Inc.
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Item 1 (b). |
Address of Issuer's Principal Executive Offices:
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Item 2 (a). |
Name of Person Filing: This schedule 13G with respect to the Common Stock is filed jointly by the following:
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Item 2 (d). |
Title of Class of Securities: Common Stock, par value $0.01 per share
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Item 2 (e). |
CUSIP No: 834256208
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Item 3. |
If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:
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a.
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☐ Broker or dealer registered under Section 15 of the Act;
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b.
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☐ Bank as defined in Section 3(a)(6) of the Act;
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c.
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☐ Insurance company as defined in Section 3(a)(19) of the Act;
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d.
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☐ Investment company registered under Section 8 of the Investment Company Act of 1940;
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e.
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☒ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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f.
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☐ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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g.
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☒A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
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h.
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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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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;
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j.
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☐ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
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k.
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☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
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Item 4. |
Ownership
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(a)
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Amount Beneficially Owned: 138,573 shares
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(b)
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Percent of Class: 6.65%
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(c)
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Number of Shares as to which Granite and Mr. Schleien have:
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(i)
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sole power to vote or to direct the vote -0- shares
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(ii)
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shared power to vote or to direct the vote 138,573 shares
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(iii)
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sole power to dispose or to direct the disposition of -0- shares
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(iv)
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shared power to dispose or to direct the disposition of 138,573 shares
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Item 5. |
Ownership of Five Percent or Less of a Class
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Item 6. |
Ownership of More Than Five Percent on Behalf of Another Person
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
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Item 8. |
Identification and Classification of Members of the Group
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Item 9. |
Notice of Dissolution of Group
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Item 10. |
Certification
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Date: January 25, 2024
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Granite State Capital Management, LLC
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By:
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/s/ Eric Schleien
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Name: Eric Schleien
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Its: Manager and Chief Executive Officer
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Date: January 25, 2024
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By:
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/s/ Eric Schleien
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Name: Eric Schleien
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Granite State Capital Management, LLC
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By:
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/s/ Eric Schleien
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Name: Eric Schleien
|
||
Its: Manager and Chief Executive Officer
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By:
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/s/ Eric Schleien
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Name: Eric Schleien
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