SCHEDULE 13G/A: Divisar Capital Management and Steven Baughman Report 4.9% Passive Stake in FARO Technologies

Divisar Capital Management LLC and Steven Baughman have reported a passive beneficial ownership of 4.9% of FARO Technologies Inc.'s common stock as of March 31, 2025.

Summary

• Divisar Capital Management LLC and Steven Baughman collectively reported beneficial ownership of 941,283 shares of FARO Technologies Inc. common stock.
• This aggregate ownership represents 4.9% of FARO Technologies Inc.'s outstanding common stock.
• Divisar Partners QP, L.P., a fund managed by Divisar Capital Management LLC, reported beneficial ownership of 876,513 shares, representing 4.6% of the class.
• The percentages are based on 19,226,240 shares of Common Stock outstanding as of April 21, 2025, as reported by FARO Technologies Inc. in its Form 10-Q filed on April 24, 2025.
• The reporting persons, including Divisar Partners QP, L.P., Divisar Capital Management LLC, and Steven Baughman, disclaim beneficial ownership over the reported securities, stating the filing should not be construed as an admission of beneficial ownership.
• The shares are held with shared voting and shared dispositive power by Divisar Capital Management LLC and Steven Baughman.
• The filing is an Amendment No. 3 to Schedule 13G, indicating a change in previously reported beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory disclosure of beneficial ownership. It does not contain information that is inherently positive or negative for the company's operational performance or future prospects, reflecting a neutral sentiment.

Positives

• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.

Future Outlook

NA

Management Comments

• Divisar Partners QP, L.P. expressly disclaims beneficial ownership over any of the securities reported in this statement, and the filing of this statement shall not be construed as an admission that Divisar Partners QP, L.P. is the beneficial owner of any of the securities reported herein.
• Divisar Capital Management, LLC, which serves as the general partner and investment manager to each of Divisar Partners QP, L.P. and Divisar Partners, L.P., may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds.
• Mr. Steven Baughman, as CEO of Divisar Capital Management, LLC, with the power to exercise investment and voting discretion, may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds.
• Each of the Funds expressly disclaims beneficial ownership over any of the securities reported in this statement, and the filing of this statement shall not be construed as an admission that either of the Funds are the beneficial owner of any of the securities reported herein.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment firm and its principal, indicating a passive investment in FARO Technologies Inc. It does not provide specific insights into broader industry trends or competitive dynamics beyond the ownership structure.

Stakeholder Impact

• Shareholders: Provides transparency regarding the ownership structure of FARO Technologies Inc. and identifies a significant passive investor group.

Next Steps

• The reporting persons will be required to file further amendments to this Schedule 13G if there are material changes to their beneficial ownership or investment intent.

Key Dates

Keywords

FARO Technologies, Divisar Capital Management, Steven Baughman, Schedule 13G, beneficial ownership, common stock, passive investment, SEC filing, institutional ownership