[SCHEDULE 13G/A] Vuzix Corporation SEC Filing
Quanta Computer Inc. reports beneficial ownership of 9,589,477 shares of Vuzix common stock, representing 12.3% of the outstanding class. This total consists of 7,692,307 shares of common stock plus 1,897,170 shares that are convertible from 189,717 Series B Preferred Stock held by Quanta, with a stated conversion ratio of ten common shares per Series B share. The filing notes the Series B Preferred Stock generally does not carry voting rights except for limited matters requiring the consent of holders of two-thirds of the Series B, and Quanta certifies the stake was not acquired to change or influence control of the issuer.
Quanta Computer Inc. comunica di detenere la propriet脿 beneficiaria di 9,589,477 azioni ordinarie di Vuzix, corrispondenti al 12,3% della classe in circolazione. Tale ammontare comprende 7,692,307 azioni ordinarie e 1,897,170 azioni convertibili da 189,717 azioni privilegiate Serie B in mano a Quanta, con un rapporto di conversione dichiarato di dieci azioni ordinarie per ogni azione Serie B. La documentazione specifica che le azioni Serie B in genere non attribuiscono diritti di voto, salvo per questioni limitate che richiedono il consenso dei titolari di due terzi delle Serie B, e Quanta dichiara che la partecipazione non 猫 stata acquisita con l'intento di modificare o influenzare il controllo dell'emittente.
Quanta Computer Inc. informa poseer la titularidad beneficiaria de 9,589,477 acciones ordinarias de Vuzix, lo que representa el 12.3% de la clase en circulaci贸n. Este total se compone de 7,692,307 acciones ordinarias y de 1,897,170 acciones convertibles procedentes de 189,717 acciones preferentes Serie B en poder de Quanta, con una tasa de conversi贸n declarada de diez acciones ordinarias por cada acci贸n Serie B. El expediente se帽ala que las acciones Serie B generalmente no tienen derecho a voto, salvo en asuntos limitados que requieren el consentimiento de los titulares de dos tercios de las Serie B, y Quanta certifica que la participaci贸n no fue adquirida para cambiar o influir en el control del emisor.
Quanta Computer Inc.電� Vuzix 氤错喌欤� 9,589,477欤�鞚� 鞁れ鞝� 靻岇湢毳� 氤挫湢頃橁碃 鞛堨柎 鞝勳泊 氚滍枆 欤检嫕鞚� 12.3%鞐� 頃措嫻頃滊嫟瓿� 氤搓碃頃╇媹雼�. 鞚� 齑濎暋鞚� Quanta臧� 氤挫湢頃� 7,692,307欤�鞚� 氤错喌欤检檧 189,717欤检潣 鞁滊Μ歃� B 鞖办劆欤�鞐愳劀 鞝勴櫂 臧�電ロ暅 1,897,170欤�搿� 甑劚霅橂┌, 鞁滊Μ歃� B 1欤茧嫻 氤错喌欤� 10欤茧 鞝勴櫂霅滊嫟瓿� 響滉赴霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊電� 鞁滊Μ歃� B 鞖办劆欤缄皜 鞚茧皹鞝侅溂搿� 鞚橁舶甓岇潉 靾橂皹頃橃 鞎婌毵� 鞁滊Μ歃� B 氤挫湢鞛� 3攵勳潣 2鞚� 霃欖潣臧� 頃勳殧頃� 鞝滍暅霅� 靷晥鞐愲姅 鞓堨櫢臧� 鞛堧嫟瓿� 氚濏瀳瓿� 鞛堨溂氅�, Quanta電� 鞚� 歆�攵勳澊 氚滍枆靷潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼霠レ潉 頄夓偓頃橂牑電� 氇╈爜鞙茧 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 頇曥澑頃╇媹雼�.
Quanta Computer Inc. d茅clare d茅tenir la propri茅t茅 b茅n茅ficiaire de 9,589,477 actions ordinaires de Vuzix, repr茅sentant 12,3 % de la cat茅gorie en circulation. Ce total se compose de 7,692,307 actions ordinaires plus 1,897,170 actions convertibles provenant de 189,717 actions privil茅gi茅es de s茅rie B d茅tenues par Quanta, avec un ratio de conversion d茅clar茅 de dix actions ordinaires par action de s茅rie B. Le dossier pr茅cise que les actions privil茅gi茅es de s茅rie B n'accordent g茅n茅ralement pas de droits de vote, sauf pour des questions limit茅es n茅cessitant le consentement des titulaires des deux tiers des s茅ries B, et Quanta certifie que cette participation n'a pas 茅t茅 acquise dans le but de modifier ou d'influencer le contr么le de l'茅metteur.
Quanta Computer Inc. meldet wirtschaftliches Eigentum an 9,589,477 Aktien der Vuzix-Stammaktien, was 12,3% der ausstehenden Klasse entspricht. Diese Summe setzt sich aus 7,692,307 Aktien Stammaktien sowie 1,897,170 Aktien zusammen, die von 189,717 Series-B-Vorzugsaktien von Quanta in Stammaktien wandelbar sind, mit einem angegebenen Umtauschverh盲ltnis von zehn Stammaktien pro Series-B-Aktie. Die Einreichung weist darauf hin, dass die Series-B-Vorzugsaktien im Allgemeinen keine Stimmrechte haben, au脽er in begrenzten Angelegenheiten, die die Zustimmung von zwei Dritteln der Series-B-Inhaber erfordern, und Quanta best盲tigt, dass die Beteiligung nicht erworben wurde, um die Kontrolle 眉ber den Emittenten zu 盲ndern oder zu beeinflussen.
- Material disclosed stake: Quanta beneficially owns 9,589,477 shares (12.3%) of Vuzix, a clearly reported, material position.
- Transparency on conversion: Filing specifies 1,897,170 shares are convertible from 189,717 Series B Preferred at a 10:1 ratio.
- Sole voting/dispositive power: Quanta reports sole voting and dispositive power over the shares reported.
- Limited voting from preferred: Series B Preferred Stock does not entitle holders to voting rights except for certain high-consent actions.
- No stated intent to influence control: Quanta certifies the shares were not acquired to change or influence control, limiting expectations of activist governance.
- Potential dilution complexity: The convertible preferred increases reported ownership but the practical voting impact is constrained by preferred terms.
Insights
TL;DR: Quanta holds a material 12.3% economic stake in Vuzix, including convertible preferred that increases potential common share exposure.
The filing discloses a significant passive ownership position by Quanta of 9,589,477 shares (12.3%). The reported amount explicitly includes 1,897,170 shares issuable upon conversion of Series B Preferred Stock at a 10:1 ratio, which the filer and issuer used in the denominator when calculating percent ownership. The filer states it has sole voting and dispositive power over the reported shares and affirms the position was not taken to influence control. For investors, the inclusion of convertible preferred clarifies potential future common share interest but the Series B鈥檚 limited voting rights constrain immediate governance impact.
TL;DR: Ownership is material but governance influence appears limited because Series B shares lack ordinary voting rights except in narrow circumstances.
The statement shows Quanta exercises sole voting and dispositive power over the reported shares of Vuzix. However, the Series B Preferred Stock convertible into common does not carry routine voting rights, except for certain actions requiring consent of two-thirds of Series B holders. The filing also contains a certification that the stake was not acquired to change control, which signals a non-hostile, passive posture. This combination鈥攎aterial economic exposure with restricted voting rights鈥攃reates a notable but not unequivocally controlling position from a governance standpoint.
Quanta Computer Inc. comunica di detenere la propriet脿 beneficiaria di 9,589,477 azioni ordinarie di Vuzix, corrispondenti al 12,3% della classe in circolazione. Tale ammontare comprende 7,692,307 azioni ordinarie e 1,897,170 azioni convertibili da 189,717 azioni privilegiate Serie B in mano a Quanta, con un rapporto di conversione dichiarato di dieci azioni ordinarie per ogni azione Serie B. La documentazione specifica che le azioni Serie B in genere non attribuiscono diritti di voto, salvo per questioni limitate che richiedono il consenso dei titolari di due terzi delle Serie B, e Quanta dichiara che la partecipazione non 猫 stata acquisita con l'intento di modificare o influenzare il controllo dell'emittente.
Quanta Computer Inc. informa poseer la titularidad beneficiaria de 9,589,477 acciones ordinarias de Vuzix, lo que representa el 12.3% de la clase en circulaci贸n. Este total se compone de 7,692,307 acciones ordinarias y de 1,897,170 acciones convertibles procedentes de 189,717 acciones preferentes Serie B en poder de Quanta, con una tasa de conversi贸n declarada de diez acciones ordinarias por cada acci贸n Serie B. El expediente se帽ala que las acciones Serie B generalmente no tienen derecho a voto, salvo en asuntos limitados que requieren el consentimiento de los titulares de dos tercios de las Serie B, y Quanta certifica que la participaci贸n no fue adquirida para cambiar o influir en el control del emisor.
Quanta Computer Inc.電� Vuzix 氤错喌欤� 9,589,477欤�鞚� 鞁れ鞝� 靻岇湢毳� 氤挫湢頃橁碃 鞛堨柎 鞝勳泊 氚滍枆 欤检嫕鞚� 12.3%鞐� 頃措嫻頃滊嫟瓿� 氤搓碃頃╇媹雼�. 鞚� 齑濎暋鞚� Quanta臧� 氤挫湢頃� 7,692,307欤�鞚� 氤错喌欤检檧 189,717欤检潣 鞁滊Μ歃� B 鞖办劆欤�鞐愳劀 鞝勴櫂 臧�電ロ暅 1,897,170欤�搿� 甑劚霅橂┌, 鞁滊Μ歃� B 1欤茧嫻 氤错喌欤� 10欤茧 鞝勴櫂霅滊嫟瓿� 響滉赴霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊電� 鞁滊Μ歃� B 鞖办劆欤缄皜 鞚茧皹鞝侅溂搿� 鞚橁舶甓岇潉 靾橂皹頃橃 鞎婌毵� 鞁滊Μ歃� B 氤挫湢鞛� 3攵勳潣 2鞚� 霃欖潣臧� 頃勳殧頃� 鞝滍暅霅� 靷晥鞐愲姅 鞓堨櫢臧� 鞛堧嫟瓿� 氚濏瀳瓿� 鞛堨溂氅�, Quanta電� 鞚� 歆�攵勳澊 氚滍枆靷潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼霠レ潉 頄夓偓頃橂牑電� 氇╈爜鞙茧 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 頇曥澑頃╇媹雼�.
Quanta Computer Inc. d茅clare d茅tenir la propri茅t茅 b茅n茅ficiaire de 9,589,477 actions ordinaires de Vuzix, repr茅sentant 12,3 % de la cat茅gorie en circulation. Ce total se compose de 7,692,307 actions ordinaires plus 1,897,170 actions convertibles provenant de 189,717 actions privil茅gi茅es de s茅rie B d茅tenues par Quanta, avec un ratio de conversion d茅clar茅 de dix actions ordinaires par action de s茅rie B. Le dossier pr茅cise que les actions privil茅gi茅es de s茅rie B n'accordent g茅n茅ralement pas de droits de vote, sauf pour des questions limit茅es n茅cessitant le consentement des titulaires des deux tiers des s茅ries B, et Quanta certifie que cette participation n'a pas 茅t茅 acquise dans le but de modifier ou d'influencer le contr么le de l'茅metteur.
Quanta Computer Inc. meldet wirtschaftliches Eigentum an 9,589,477 Aktien der Vuzix-Stammaktien, was 12,3% der ausstehenden Klasse entspricht. Diese Summe setzt sich aus 7,692,307 Aktien Stammaktien sowie 1,897,170 Aktien zusammen, die von 189,717 Series-B-Vorzugsaktien von Quanta in Stammaktien wandelbar sind, mit einem angegebenen Umtauschverh盲ltnis von zehn Stammaktien pro Series-B-Aktie. Die Einreichung weist darauf hin, dass die Series-B-Vorzugsaktien im Allgemeinen keine Stimmrechte haben, au脽er in begrenzten Angelegenheiten, die die Zustimmung von zwei Dritteln der Series-B-Inhaber erfordern, und Quanta best盲tigt, dass die Beteiligung nicht erworben wurde, um die Kontrolle 眉ber den Emittenten zu 盲ndern oder zu beeinflussen.
FAQ
How many Vuzix (VUZI) shares does Quanta Computer report owning?
What percentage of Vuzix (VUZI) does Quanta own according to the filing?
How many shares are from convertible Series B Preferred in Quanta鈥檚 VUZI position?
Does the Series B Preferred held by Quanta carry voting rights over Vuzix (VUZI)?
Did Quanta state an intent to influence control of Vuzix (VUZI)?
