SCHEDULE: Morrissey Boosts Stake in Chicago Rivet to 10.1%
Schedule 13D Amendment
John A. Morrissey has increased his beneficial ownership in Chicago Rivet & Machine Co. to 10.1% for investment purposes, according to a recent Schedule 13D amendment.
Summary
- John A. Morrissey, a retired U.S. citizen, has filed Amendment No. 13 to his Schedule 13D regarding Chicago Rivet & Machine Co.
- He beneficially owns 97,463 shares of Common Stock, representing 10.1% of the outstanding class.
- The shares were acquired using personal funds for investment purposes.
- Morrissey disclaims any current 'group' status following the death of Walter W. Morrissey in December 2022.
- He has no present plans for corporate actions but intends to continuously review his investment and may buy or sell shares, or communicate with management, directors, or shareholders.
- Recent purchases include 500 shares at $10.76 and 5,500 shares at $10.99 on December 10, 2025, and 17 shares at $12.75 and 1,000 shares at $13.86 on December 11, 2025.
Sentiment
Score: 7
Explanation: The filing indicates a significant shareholder's increased confidence through recent purchases and a stated investment purpose, which is generally positive. The disclaimer of a 'group' is a procedural update following a death, not inherently negative.
Positives
- A significant shareholder, John A. Morrissey, has increased his stake, indicating continued confidence in the company.
- The stated purpose is for investment, suggesting a long-term perspective.
Future Outlook
John A. Morrissey intends to continuously review his investment in Chicago Rivet & Machine Co. and may, at any time, depending on market conditions and the Issuer's prospects, purchase additional shares, sell some or all of his shares, or communicate with management, directors, or shareholders.
Industry Context
This filing reflects an individual investor's increased confidence in Chicago Rivet & Machine Co., a manufacturer in the industrial sector. Such an increase in a significant shareholder's stake can be viewed positively by the market, especially when the stated purpose is for investment.
Legal Proceedings
- John A. Morrissey has not been convicted in any criminal proceeding (except traffic violations or similar misdemeanors) in the last five years.
- John A. Morrissey has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in a judgment, decree or final order related to federal or state securities laws in the last five years.
Stakeholder Impact
- Shareholders: May view the increased stake by a long-term investor as a sign of confidence, potentially influencing stock perception.
- Management/Board: The reporting person's intent to communicate with management, directors, or shareholders suggests potential for active engagement.
Next Steps
- John A. Morrissey will continue to review his investment in Chicago Rivet & Machine Co.
- He may purchase additional shares or sell existing shares based on market conditions and company prospects.
- He may communicate with the Issuer's management, directors, or shareholders.
Key Dates
| Date | Description |
|---|---|
| 1986-01-09 | Original Schedule 13D filed by John A. Morrissey and Walter W. Morrissey. |
| 2022-12-01 | Walter W. Morrissey's death (approximate, 'December 2022'). |
| 2025-12-10 | John A. Morrissey purchased 500 shares at $10.76 and 5,500 shares at $10.99. |
| 2025-12-11 | Date of event requiring this filing; John A. Morrissey purchased 17 shares at $12.75 and 1,000 shares at $13.86. |
| 2025-12-12 | Date of signing of this Amendment No. 13. |
Recommendation
holdWhile the increased stake by a significant investor like John A. Morrissey signals confidence and is generally a positive indicator, a Schedule 13D filing primarily reports ownership changes and investment intent rather than providing new operational or financial data. Without further fundamental analysis of Chicago Rivet & Machine Co.'s business performance, financial health, or industry outlook, a 'hold' recommendation is prudent. The filing itself does not provide enough information to warrant a 'buy' or 'sell' without additional context.
Keywords
Chicago Rivet & Machine Co, CRIV, Schedule 13D, beneficial ownership, insider buying, investment, shareholder stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.