<SEC-DOCUMENT>0000921895-25-000234.txt : 20250203
<SEC-HEADER>0000921895-25-000234.hdr.sgml : 20250203
<ACCEPTANCE-DATETIME>20250203170102
ACCESSION NUMBER: 0000921895-25-000234
CONFORMED SUBMISSION TYPE: SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20250203
DATE AS OF CHANGE: 20250203
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: NN INC
CENTRAL INDEX KEY: 0000918541
STANDARD INDUSTRIAL CLASSIFICATION: METALWORKING MACHINERY & EQUIPMENT [3540]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 621096725
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SCHEDULE 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-49851
FILM NUMBER: 25583541
BUSINESS ADDRESS:
STREET 1: 6210 ARDREY KELL ROAD
STREET 2: SUITE 120
CITY: CHARLOTTE
STATE: NC
ZIP: 28277
BUSINESS PHONE: 980-264-4300
MAIL ADDRESS:
STREET 1: 6210 ARDREY KELL ROAD
STREET 2: SUITE 120
CITY: CHARLOTTE
STATE: NC
ZIP: 28277
FORMER COMPANY:
FORMER CONFORMED NAME: NN BALL & ROLLER INC
DATE OF NAME CHANGE: 19940203
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Legion Partners Asset Management, LLC
CENTRAL INDEX KEY: 0001560207
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SCHEDULE 13D/A
BUSINESS ADDRESS:
STREET 1: 12121 WILSHIRE BLVD., SUITE 1240
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
BUSINESS PHONE: 424-253-1774
MAIL ADDRESS:
STREET 1: 12121 WILSHIRE BLVD., SUITE 1240
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13D/A</submissionType>
<previousAccessionNumber>0000921895-19-000116</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<!-- Field: Pseudo-Tag; ID: Name; Data: Legion Partners Asset Management, LLC -->
<cik>0001560207</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>
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</headerData>
<formData>
<coverPageHeader>
<amendmentNo>12</amendmentNo>
<securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
<dateOfEvent>01/30/2025</dateOfEvent>
<previouslyFiledFlag>false</previouslyFiledFlag>
<issuerInfo>
<issuerCIK>0000918541</issuerCIK>
<issuerCUSIP>629337106</issuerCUSIP>
<issuerName>NN INC</issuerName>
<address>
<com:street1>6210 ARDREY KELL ROAD</com:street1>
<com:street2>SUITE 120</com:street2>
<com:city>CHARLOTTE</com:city>
<com:stateOrCountry>NC</com:stateOrCountry>
<com:zipCode>28277</com:zipCode>
</address>
</issuerInfo>
<authorizedPersons>
<notificationInfo>
<personName>CHRISTOPHER S. KIPER</personName>
<personPhoneNum>424-253-1773</personPhoneNum>
<personAddress>
<com:street1>LEGION PARTNERS ASSET MANAGEMENT, LLC</com:street1>
<com:street2>12121 Wilshire Blvd, Suite 1240</com:street2>
<com:city>Los Angeles</com:city>
<com:stateOrCountry>CA</com:stateOrCountry>
<com:zipCode>90025</com:zipCode>
</personAddress>
</notificationInfo>
<notificationInfo>
<personName>RYAN NEBEL</personName>
<personPhoneNum>212-451-2300</personPhoneNum>
<personAddress>
<com:street1>OLSHAN FROME WOLOSKY LLP</com:street1>
<com:street2>1325 Avenue of the Americas</com:street2>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10019</com:zipCode>
</personAddress>
</notificationInfo>
</authorizedPersons>
</coverPageHeader>
<reportingPersons>
<reportingPersonInfo>
<reportingPersonCIK>0001595909</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Legion Partners, L.P. I</reportingPersonName>
<fundType>WC</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>3733515.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>3733515.00</sharedDispositivePower>
<aggregateAmountOwned>3733515.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>7.4</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001618783</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Legion Partners, L.P. II</reportingPersonName>
<fundType>WC</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>406049.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>406049.00</sharedDispositivePower>
<aggregateAmountOwned>406049.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>0.8</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001768000</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Legion Partners Special Opportunities, L.P. XI</reportingPersonName>
<fundType>WC</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>877065.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>877065.00</sharedDispositivePower>
<aggregateAmountOwned>877065.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>1.8</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001682390</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Legion Partners, LLC</reportingPersonName>
<fundType>AF</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>5016629.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>5016629.00</sharedDispositivePower>
<aggregateAmountOwned>5016629.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>9.999</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001560207</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Legion Partners Asset Management, LLC</reportingPersonName>
<fundType>AF</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>5016629.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>5016629.00</sharedDispositivePower>
<aggregateAmountOwned>5016629.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>9.999</percentOfClass>
<typeOfReportingPerson>IA</typeOfReportingPerson>
<typeOfReportingPerson>OO</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001682389</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Legion Partners Holdings, LLC</reportingPersonName>
<fundType>AF</fundType>
<fundType>WC</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>5016929.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>5016929.00</sharedDispositivePower>
<aggregateAmountOwned>5016929.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>9.9996</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001432744</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Kiper Christopher S</reportingPersonName>
<fundType>AF</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>X1</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>5016929.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>5016929.00</sharedDispositivePower>
<aggregateAmountOwned>5016929.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>9.9996</percentOfClass>
<typeOfReportingPerson>IN</typeOfReportingPerson>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001682494</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>White Raymond T.</reportingPersonName>
<fundType>AF</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>X1</citizenshipOrOrganization>
<soleVotingPower>0.00</soleVotingPower>
<sharedVotingPower>5016929.00</sharedVotingPower>
<soleDispositivePower>0.00</soleDispositivePower>
<sharedDispositivePower>5016929.00</sharedDispositivePower>
<aggregateAmountOwned>5016929.00</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>9.9996</percentOfClass>
<typeOfReportingPerson>IN</typeOfReportingPerson>
</reportingPersonInfo>
</reportingPersons>
<items1To7>
<item1>
<securityTitle>Common Stock, par value $0.01 per share</securityTitle>
<issuerName>NN INC</issuerName>
<issuerPrincipalAddress>
<com:street1>6210 ARDREY KELL ROAD</com:street1>
<com:street2>SUITE 120</com:street2>
<com:city>CHARLOTTE</com:city>
<com:stateOrCountry>NC</com:stateOrCountry>
<com:zipCode>28277</com:zipCode>
</issuerPrincipalAddress>
</item1>
<item3>
<fundsSource>Item 3 is hereby amended and restated in its entirety as follows:
The securities of the Issuer purchased by each of Legion Partners I, Legion Partners II, Legion Partners XI and Legion Partners Holdings were purchased with working capital.
The aggregate purchase price of the 3,519,420 Shares owned directly by Legion Partners I is approximately $32,766,696, including brokerage commissions. The aggregate purchase price of the 214,095 Shares underlying certain Warrants (as previously defined and described in Amendment No. 4 to the Schedule 13D) owned directly by Legion Partners I is approximately $155,283, including brokerage commissions. The aggregate purchase price of the 395,144 Shares owned directly by Legion Partners II is approximately $934,088, including brokerage commissions. The aggregate purchase price of the 10,905 Shares underlying certain Warrants owned directly by Legion Partners II is approximately $7,909, including brokerage commissions. The aggregate purchase price of the 877,065 Shares owned directly by Legion Partners XI is approximately $7,675,865, including brokerage commissions. The aggregate purchase price of the 300 Shares owned directly by Legion Partners Holdings is approximately $2,568, including brokerage commissions.</fundsSource>
</item3>
<item5>
<percentageOfClassSecurities>Item 5(a) is hereby amended and restated in its entirety as follows:
The aggregate percentage of Shares reported owned by each person named herein is based on 49,946,337 Shares outstanding as of October 21, 2024, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 31, 2024, plus the Shares underlying the Warrants that may be exercised by the Reporting Persons, as applicable.
As of the date hereof, Legion Partners I beneficially owned directly 3,733,515 Shares, including 214,095 Shares underlying certain Warrants, representing approximately 7.4% of the outstanding Shares.
As of the date hereof, Legion Partners II beneficially owned directly 406,049 Shares, including 10,905 Shares underlying certain Warrants, representing approximately 0.8% of the outstanding Shares.
As of the date hereof, Legion Partners XI beneficially owned directly 877,065 Shares, representing approximately 1.8% of the outstanding Shares.
Legion Partners, LLC, as the general partner of each of Legion Partners I, Legion Partners II and Legion Partners XI, may be deemed the beneficial owner of the (i) 3,733,515 Shares beneficially owned directly by Legion Partners I, (ii) 406,049 Shares beneficially owned directly by Legion Partners II and (iii) 877,065 Shares beneficially owned directly by Legion Partners XI, representing approximately 9.999% of the outstanding Shares.
Legion Partners Asset Management, as the investment advisor of each of Legion Partners I, Legion Partners II and Legion Partners XI, may be deemed the beneficial owner of the (i) 3,733,515 Shares beneficially owned directly by Legion Partners I, (ii) 406,049 Shares beneficially owned directly by Legion Partners II and (iii) 877,065 Shares beneficially owned directly by Legion Partners XI, representing approximately 9.999% of the outstanding Shares.
As of the date hereof, Legion Partners Holdings beneficially owned directly 300 Shares. In addition, as the sole member of Legion Partners Asset Management and the sole member of Legion Partners, LLC, Legion Partners Holdings may be deemed the beneficial owner of the (i) 3,733,515 Shares beneficially owned directly by Legion Partners I, (ii) 406,049 Shares beneficially owned directly by Legion Partners II and (iii) 877,065 Shares beneficially owned directly by Legion Partners XI, which, together with the Shares it directly beneficially owns, constitutes an aggregate of 5,016,929 Shares, representing approximately 9.9996% of the outstanding Shares.
Each of Messrs. Kiper and White, as a managing director of Legion Partners Asset Management and a managing member of Legion Partners Holdings, may be deemed the beneficial owner of the (i) 3,733,515 Shares beneficially owned directly by Legion Partners I, (ii) 406,049 Shares beneficially owned directly by Legion Partners II, (iii) 877,065 Shares beneficially owned directly by Legion Partners XI and (iv) 300 Shares beneficially owned directly by Legion Partners Holdings, representing approximately 9.9996% of the outstanding Shares.</percentageOfClassSecurities>
<numberOfShares>Item 5(b) is hereby amended and restated in its entirety as follows:
Each of Legion Partners I, Legion Partners, LLC, Legion Partners Asset Management, Legion Partners Holdings and Messrs. Kiper and White may be deemed to share the power to vote and dispose of the Shares beneficially owned directly by Legion Partners I.
Each of Legion Partners II, Legion Partners, LLC, Legion Partners Asset Management, Legion Partners Holdings and Messrs. Kiper and White may be deemed to share the power to vote and dispose of the Shares beneficially owned directly by Legion Partners II.
Each of Legion Partners XI, Legion Partners, LLC, Legion Partners Asset Management, Legion Partners Holdings and Messrs. Kiper and White may be deemed to share the power to vote and dispose of the Shares beneficially owned directly by Legion Partners XI.
Each of Legion Partners Holdings and Messrs. Kiper and White may be deemed to share the power to vote and dispose of the Shares beneficially owned directly by Legion Partners Holdings.</numberOfShares>
<transactionDesc>Item 5(c) is hereby amended and restated in its entirety as follows:
Except as otherwise set forth herein, there have been no transactions in the securities of the Issuer during the past 60 days by the Reporting Persons.</transactionDesc>
</item5>
<item6>
<contractDescription>Item 6 is hereby amended to add the following:
On January 30, 2025, Legion Partners I and Legion Partners II amended the Swap Agreements (as previously defined and described in Amendment No. 10 to the Schedule 13D) with Nomura to extend the maturity date from January 30, 2025 to January 30, 2029. All other terms with respect to the Swap Agreements remain unchanged.</contractDescription>
</item6>
</items1To7>
<signatureInfo>
<signaturePerson>
<signatureReportingPerson>Legion Partners, L.P. I</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Christopher S. Kiper</signature>
<title>Christopher S. Kiper, Managing Director of Legion Partners Asset Management, LLC, its Investment Advisor</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Legion Partners, L.P. II</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Christopher S. Kiper</signature>
<title>Christopher S. Kiper, Managing Director of Legion Partners Asset Management, LLC, its Investment Advisor</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Legion Partners Special Opportunities, L.P. XI</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Christopher S. Kiper</signature>
<title>Christopher S. Kiper, Managing Director of Legion Partners Asset Management, LLC, its Investment Advisor</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Legion Partners, LLC</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Christopher S. Kiper</signature>
<title>Christopher S. Kiper, Managing Member of Legion Partners Holdings, LLC, its Managing Member</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Legion Partners Asset Management, LLC</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Christopher S. Kiper</signature>
<title>Christopher S. Kiper, Managing Director</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Legion Partners Holdings, LLC</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Christopher S. Kiper</signature>
<title>Christopher S. Kiper, Managing Member</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Kiper Christopher S</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Christopher S. Kiper</signature>
<title>Christopher S. Kiper</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>White Raymond T.</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Raymond White</signature>
<title>Raymond White</title>
<date>02/03/2025</date>
</signatureDetails>
</signaturePerson>
</signatureInfo>
</formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>