[SCHEDULE 13D/A] Atlantic International Corp. SEC Filing
Jeffrey Jagid, CEO and director of Atlantic International Corp. (ATLN), reports beneficial ownership of 7,221,025 shares, representing 11.6% of the outstanding common stock. The position reflects shares received under an Executive Employment Agreement related to the issuer's merger activity: 3,735,169 shares were issued upon the merger, 2,885,856 restricted stock units previously granted were noted as issued in error and returned, and the board approved an additional 1,000,000 restricted shares. On the same date as the board award, Mr. Jagid gifted 200,000 shares to each of two brothers. The reporting person disclaims any arrangements, and no legal proceedings or special agreements are disclosed.
Jeffrey Jagid, amministratore delegato e direttore di Atlantic International Corp. (ATLN), dichiara la titolarit脿 effettiva di 7.221.025 azioni, pari all'11,6% del capitale sociale ordinario in circolazione. La posizione deriva da azioni ricevute in virt霉 di un Executive Employment Agreement collegato alle operazioni di fusione dell'emittente: 3.735.169 azioni sono state emesse al momento della fusione, 2.885.856 unit脿 di azioni vincolate precedentemente concesse sono state segnalate come emesse per errore e restituite, e il consiglio ha approvato ulteriori 1.000.000 di azioni vincolate. Nella stessa data dell'assegnazione del consiglio, il sig. Jagid ha donato 200.000 azioni a ciascuno di due fratelli. Il dichiarante nega l'esistenza di accordi, e non sono indicate procedure legali o patti particolari.
Jeffrey Jagid, CEO y director de Atlantic International Corp. (ATLN), informa la propiedad beneficiaria de 7.221.025 acciones, que representan el 11,6% del capital social ordinario en circulaci贸n. La posici贸n refleja acciones recibidas en virtud de un Executive Employment Agreement relacionado con la actividad de fusi贸n del emisor: 3.735.169 acciones se emitieron en la fusi贸n, 2.885.856 unidades de acciones restringidas previamente concedidas se indicaron como emitidas por error y fueron devueltas, y la junta aprob贸 1.000.000 adicionales de acciones restringidas. En la misma fecha de la concesi贸n de la junta, el Sr. Jagid regal贸 200.000 acciones a cada uno de dos hermanos. La persona que informa niega la existencia de acuerdos, y no se divulgaron procedimientos legales ni pactos especiales.
Atlantic International Corp.(ATLN)鞚� CEO 瓴� 鞚挫偓鞚� 鞝滍攧毽� 鞛愱赴霌�(Jeffrey Jagid)電� 氚滍枆 氤错喌欤� 欷� 11.6%鞐� 頃措嫻頃橂姅 7,221,025欤检棎 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頄堨姷雼堧嫟. 鞚� 氤挫湢電� 氚滍枆鞚胳潣 頃╇硲 頇滊彊瓿� 甏�霠悳 鞚搓犯鞝滍亹韹半笇 瓿犾毄 瓿勳暯(Executive Employment Agreement)鞐� 霐半澕 靾橂牴頃� 欤检嫕霌れ潉 氚橃榿頃╇媹雼�: 頃╇硲 鞁� 3,735,169欤缄皜 氚滍枆霅橃棃瓿�, 鞚挫爠鞐� 攵�鞐悳 鞝滍暅欤� 雼渼 2,885,856欤茧姅 鞁れ垬搿� 氚滍枆霅� 瓴冹溂搿� 響滌嫓霅橃柎 氚橅櫂霅橃棃鞙茧┌, 鞚挫偓須岆姅 於旉皜搿� 1,000,000欤检潣 鞝滍暅欤茧ゼ 鞀轨澑頄堨姷雼堧嫟. 鞚挫偓須� 靾橃棳鞚检棎 鞛愱赴霌滊姅 霊� 順曥牅 臧侁皝鞐愱矊 200,000欤茧ゼ 歃濎棳頄堨姷雼堧嫟. 氤搓碃鞚胳潃 鞏措枲頃� 頃╈潣霃� 攵�鞚疙晿氅�, 氩曥爜 鞝堨皑雮� 韸闺硠頃� 瓿勳暯鞚� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Jeffrey Jagid, PDG et administrateur d'Atlantic International Corp. (ATLN), d茅clare d茅tenir 茅conomiquement 7 221 025 actions, soit 11,6 % des actions ordinaires en circulation. Cette position refl猫te des actions re莽ues en vertu d'un contrat d'emploi ex茅cutif li茅 aux op茅rations de fusion de l'茅metteur : 3 735 169 actions ont 茅t茅 茅mises lors de la fusion, 2 885 856 unit茅s d'actions restreintes ant茅rieurement accord茅es ont 茅t茅 signal茅es comme 茅mises par erreur puis retourn茅es, et le conseil a approuv茅 1 000 000 d'actions restreintes suppl茅mentaires. 脌 la m锚me date que l'attribution du conseil, M. Jagid a offert 200 000 actions 脿 chacun de deux fr猫res. La personne d茅clarant nie l'existence d'arrangements, et aucune proc茅dure judiciaire ni accord sp茅cial n'est divulgu茅.
Jeffrey Jagid, CEO und Direktor von Atlantic International Corp. (ATLN), meldet eine wirtschaftliche Beteiligung von 7.221.025 Aktien, dies entspricht 11,6 % des ausstehenden Stammkapitals. Die Position resultiert aus Aktien, die im Rahmen eines Executive Employment Agreement im Zusammenhang mit der Fusionsaktivit盲t des Emittenten erhalten wurden: 3.735.169 Aktien wurden bei der Fusion ausgegeben, 2.885.856 zuvor gew盲hrte Restricted Stock Units wurden als irrt眉mlich ausgegeben angegeben und zur眉ckgegeben, und der Vorstand genehmigte zus盲tzlich 1.000.000 Restricted Shares. Am selben Tag der Vorstandszuteilung schenkte Herr Jagid jedem von zwei Br眉dern 200.000 Aktien. Die meldende Person verneint jegliche Absprachen, und es werden keine rechtlichen Verfahren oder Sondervereinbarungen offengelegt.
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Insights
TL;DR: CEO holds a meaningful 11.6% stake with sole voting power; recent equity grants and an RSU issuance error merit attention.
Mr. Jagid's reported 11.6% ownership and sole voting/dispositive power concentrate influence in management. The share composition includes merger-related consideration and a board-approved award of 1,000,000 restricted shares, increasing his economic exposure. The disclosure that 2,885,856 RSUs were "issued in error and returned" is an operational control lapse that reduced outstanding shares temporarily and may affect historical share-count disclosures. The two 200,000-share gifts to family members are disclosed as exempt transactions, which modestly dilute direct beneficial ownership while keeping shares within close family.
TL;DR: Significant executive ownership aligns management and shareholders, but an RSU issuance error raises governance and control questions.
The CEO's concentrated ownership aligns incentives but centralizes authority. The Board-authorized additional restricted shares indicate formal compensation review and ratification of senior management equity. The RSU misissuance and subsequent return suggest weaknesses in grant administration or recordkeeping that the company should clarify in controls disclosures. Gifts to immediate family are transparent and reported as exempt, reducing direct CEO holdings but not eliminating insider influence.
Jeffrey Jagid, amministratore delegato e direttore di Atlantic International Corp. (ATLN), dichiara la titolarit脿 effettiva di 7.221.025 azioni, pari all'11,6% del capitale sociale ordinario in circolazione. La posizione deriva da azioni ricevute in virt霉 di un Executive Employment Agreement collegato alle operazioni di fusione dell'emittente: 3.735.169 azioni sono state emesse al momento della fusione, 2.885.856 unit脿 di azioni vincolate precedentemente concesse sono state segnalate come emesse per errore e restituite, e il consiglio ha approvato ulteriori 1.000.000 di azioni vincolate. Nella stessa data dell'assegnazione del consiglio, il sig. Jagid ha donato 200.000 azioni a ciascuno di due fratelli. Il dichiarante nega l'esistenza di accordi, e non sono indicate procedure legali o patti particolari.
Jeffrey Jagid, CEO y director de Atlantic International Corp. (ATLN), informa la propiedad beneficiaria de 7.221.025 acciones, que representan el 11,6% del capital social ordinario en circulaci贸n. La posici贸n refleja acciones recibidas en virtud de un Executive Employment Agreement relacionado con la actividad de fusi贸n del emisor: 3.735.169 acciones se emitieron en la fusi贸n, 2.885.856 unidades de acciones restringidas previamente concedidas se indicaron como emitidas por error y fueron devueltas, y la junta aprob贸 1.000.000 adicionales de acciones restringidas. En la misma fecha de la concesi贸n de la junta, el Sr. Jagid regal贸 200.000 acciones a cada uno de dos hermanos. La persona que informa niega la existencia de acuerdos, y no se divulgaron procedimientos legales ni pactos especiales.
Atlantic International Corp.(ATLN)鞚� CEO 瓴� 鞚挫偓鞚� 鞝滍攧毽� 鞛愱赴霌�(Jeffrey Jagid)電� 氚滍枆 氤错喌欤� 欷� 11.6%鞐� 頃措嫻頃橂姅 7,221,025欤检棎 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頄堨姷雼堧嫟. 鞚� 氤挫湢電� 氚滍枆鞚胳潣 頃╇硲 頇滊彊瓿� 甏�霠悳 鞚搓犯鞝滍亹韹半笇 瓿犾毄 瓿勳暯(Executive Employment Agreement)鞐� 霐半澕 靾橂牴頃� 欤检嫕霌れ潉 氚橃榿頃╇媹雼�: 頃╇硲 鞁� 3,735,169欤缄皜 氚滍枆霅橃棃瓿�, 鞚挫爠鞐� 攵�鞐悳 鞝滍暅欤� 雼渼 2,885,856欤茧姅 鞁れ垬搿� 氚滍枆霅� 瓴冹溂搿� 響滌嫓霅橃柎 氚橅櫂霅橃棃鞙茧┌, 鞚挫偓須岆姅 於旉皜搿� 1,000,000欤检潣 鞝滍暅欤茧ゼ 鞀轨澑頄堨姷雼堧嫟. 鞚挫偓須� 靾橃棳鞚检棎 鞛愱赴霌滊姅 霊� 順曥牅 臧侁皝鞐愱矊 200,000欤茧ゼ 歃濎棳頄堨姷雼堧嫟. 氤搓碃鞚胳潃 鞏措枲頃� 頃╈潣霃� 攵�鞚疙晿氅�, 氩曥爜 鞝堨皑雮� 韸闺硠頃� 瓿勳暯鞚� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Jeffrey Jagid, PDG et administrateur d'Atlantic International Corp. (ATLN), d茅clare d茅tenir 茅conomiquement 7 221 025 actions, soit 11,6 % des actions ordinaires en circulation. Cette position refl猫te des actions re莽ues en vertu d'un contrat d'emploi ex茅cutif li茅 aux op茅rations de fusion de l'茅metteur : 3 735 169 actions ont 茅t茅 茅mises lors de la fusion, 2 885 856 unit茅s d'actions restreintes ant茅rieurement accord茅es ont 茅t茅 signal茅es comme 茅mises par erreur puis retourn茅es, et le conseil a approuv茅 1 000 000 d'actions restreintes suppl茅mentaires. 脌 la m锚me date que l'attribution du conseil, M. Jagid a offert 200 000 actions 脿 chacun de deux fr猫res. La personne d茅clarant nie l'existence d'arrangements, et aucune proc茅dure judiciaire ni accord sp茅cial n'est divulgu茅.
Jeffrey Jagid, CEO und Direktor von Atlantic International Corp. (ATLN), meldet eine wirtschaftliche Beteiligung von 7.221.025 Aktien, dies entspricht 11,6 % des ausstehenden Stammkapitals. Die Position resultiert aus Aktien, die im Rahmen eines Executive Employment Agreement im Zusammenhang mit der Fusionsaktivit盲t des Emittenten erhalten wurden: 3.735.169 Aktien wurden bei der Fusion ausgegeben, 2.885.856 zuvor gew盲hrte Restricted Stock Units wurden als irrt眉mlich ausgegeben angegeben und zur眉ckgegeben, und der Vorstand genehmigte zus盲tzlich 1.000.000 Restricted Shares. Am selben Tag der Vorstandszuteilung schenkte Herr Jagid jedem von zwei Br眉dern 200.000 Aktien. Die meldende Person verneint jegliche Absprachen, und es werden keine rechtlichen Verfahren oder Sondervereinbarungen offengelegt.
