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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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CHICAGO RIVET & MACHINE CO (Name of Issuer) |
Common Stock, $1.00 par value per share (Title of Class of Securities) |
360904920 (CUSIP Number) |
Galloway Capital Partners, LLC 650 NE 2nd Avenue, #3007, Miami, FL, 33132 (917) 405-4591 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
12/26/2025 (Date of Event Which Requires Filing of This Statement) |
| CUSIP No. | 360904920 |
| 1 |
Name of reporting person
Galloway Capital Partners, LLC |
| 2 |
Check the appropriate box if a member of a Group (See Instructions)
☐ (a) ☒ (b) |
| 3 | SEC use only |
| 4 |
Source of funds (See Instructions)
OO |
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ |
| 6 |
Citizenship or place of organization
DELAWARE
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 7
Sole Voting Power:
0.00 8
Shared Voting Power:
62,300.00 9
Sole Dispositive Power:
0.00 10
Shared Dispositive Power:
62,300.00 |
| 11 |
Aggregate amount beneficially owned by each reporting person
62,300.00 |
| 12 |
Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
☐ |
| 13 |
Percent of class represented by amount in Row (11)
6.45 % |
| 14 |
Type of Reporting Person (See Instructions)
OO |
| CUSIP No. | 360904920 |
| 1 |
Name of reporting person
Galloway Capital, LP |
| 2 |
Check the appropriate box if a member of a Group (See Instructions)
☐ (a) ☐ (b) |
| 3 | SEC use only |
| 4 |
Source of funds (See Instructions)
OO |
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ |
| 6 |
Citizenship or place of organization
FLORIDA
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 7
Sole Voting Power:
0.00 8
Shared Voting Power:
62,300.00 9
Sole Dispositive Power:
0.00 10
Shared Dispositive Power:
62,300.00 |
| 11 |
Aggregate amount beneficially owned by each reporting person
62,300.00 |
| 12 |
Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
☐ |
| 13 |
Percent of class represented by amount in Row (11)
6.45 % |
| 14 |
Type of Reporting Person (See Instructions)
IN |
| CUSIP No. | 360904920 |
| 1 |
Name of reporting person
GALLOWAY BRUCE |
| 2 |
Check the appropriate box if a member of a Group (See Instructions)
☐ (a) ☐ (b) |
| 3 | SEC use only |
| 4 |
Source of funds (See Instructions)
OO |
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ |
| 6 |
Citizenship or place of organization
FLORIDA
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 7
Sole Voting Power:
0.00 8
Shared Voting Power:
62,300.00 9
Sole Dispositive Power:
0.00 10
Shared Dispositive Power:
62,300.00 |
| 11 |
Aggregate amount beneficially owned by each reporting person
62,300.00 |
| 12 |
Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
☐ |
| 13 |
Percent of class represented by amount in Row (11)
6.45 % |
| 14 |
Type of Reporting Person (See Instructions)
IN |
| Item 1. | Security and Issuer |
| (a) |
Title of Class of Securities:
Common Stock, $1.00 par value per share |
| (b) |
Name of Issuer:
CHICAGO RIVET & MACHINE CO |
| (c) |
Address of Issuer's Principal Executive Offices:
27755 Diehl Road, Suite 200, Warrenville,
ILLINOIS
, 60555. |
| Item 1 Comment: This Schedule 13D relates to the common stock, par value $1.00 per share ("Common Stock"), of Chicago-Rivet Machine Co., an Illinois corporation (the "Issuer"). The principal executive office of the Issuer is located at 27755 Diehl Road, Suite 200, Warrenville, IL 60555. Information given in response to each item below shall be deemed incorporated by reference in all other items below. As of December 26, 2025, the Reporting Persons (defined below) beneficially owned an aggregate of 62,300 shares of Common Stock, representing approximately 6.45% of the outstanding shares of Common Stock. | |
| Item 2. | Identity and Background |
| (a) | (i) Galloway Capital Partners, LLC
(ii) Galloway Capital, LP
(iii) Bruce Galloway |
| (b) | Galloway Capital Partners, LLC is a Delaware limited liability company. Galloway Capital, LP is a Delaware limited partnership, and Bruce Galloway is a resident of Florida. Galloway Capital Partners, LLC is the investment manager of Galloway Capital, LP. Bruce Galloway is the managing member of Galloway Capital Partners, LLC. |
| (c) | The address of the principal business office of each Reporting Person is 650 NE 2nd Avenue, #3007, Miami, FL 33132. |
| (d) | During the last five years, neither Reporting Person nor any executive officer or director of Galloway Capital Partners, LLC has (i) been convicted in any criminal proceeding or (ii) been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| (e) | During the last five years, neither Reporting Person nor any executive officer or director of Galloway Capital Partners, LLC has (i) been convicted in any criminal proceeding or (ii) been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| (f) | FL |
| Item 3. | Source and Amount of Funds or Other Consideration |
Galloway Capital Partners, LLC has acquired 61,300 shares of Common Stock in open market purchases from June 2024 through December 2025. The aggregate purchase price for the shares of Common Stock is approximately $11.66 per share. The shares of Common Stock were purchased with investment capital of Galloway Capital Partners, LLC, Galloway Capital, LP and Mr. Galloway.
The Reporting Persons have effectuated transactions to acquire shares of Common Stock within the past 60 days, as reflected in Schedule 1 to this Report. Other than as set forth in this Report, none of the Reporting Persons has effected any transactions in the shares of Common Stock within the past sixty (60) days. | |
| Item 4. | Purpose of Transaction |
Each Reporting Person acquired the securities described in this Schedule 13D for investment purposes and intend to review its investment in the Issuer on a continuing basis. Each Reporting Person may from time to time acquire additional securities of the Issuer or retain or sell all or a portion of the shares then held by such Reporting Person, in the open market, block trades, underwritten public offerings or privately negotiated transactions. Any actions any Reporting Person might undertake with respect to its investment in the Issuer may be made at any time and from time to time and will be dependent upon such Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the Issuer's business, financial condition, operations, prospects and strategic alternatives; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; tax considerations; liquidity of the Issuer's securities; and other factors and future developments.
Each Reporting Person may consider, explore and/or develop plans and/or make proposals (whether preliminary or final) with respect to, among other things, the Issuer's performance, operations, management, governance (including potential changes to the Board), conflicted party transactions, capital allocation policies, and strategy and plans of the Issuer. Each Reporting Person intends to engage the Board and management with respect to the matters referred to in the preceding sentence. In addition, each Reporting Person may, at any time and from time to time, (i) review or reconsider its position and/or change its purpose and/or formulate plans or proposals with respect thereto and (ii) propose or consider one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting Persons sent the attached letter to management of the Company.
The Reporting Persons believe the Company's share price is undervalued and trading at a significant discount and management should take steps to increase shareholder value. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | See Items 11 and 13 on the cover pages to this Schedule 13D for the aggregate number and percentage of the class of securities identified pursuant to Item 1 owned by the Reporting Person. |
| (b) | Number of shares as to which the Reporting Persons have:
i. Sole power to vote or to direct the vote: See Item 7 on cover pages to this Statement.
ii. Shared power to vote or to direct the vote: See Item 8 on cover pages to this Statement.
iii. Sole power to dispose or direct the disposition: See Item 9 on cover pages to this Statement.
iv. Shared power to dispose or direct the disposition: See Item 10 on cover pages to this Statement. |
| (c) | Other than as set forth in response to Item 3 above, no other transactions in the Issuer's Common Stock by the Reporting Persons were effected in the past 60 days. |
| (d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Persons. |
| (e) | Not applicable. |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
Except for the relationships described above and in the responses to Items 4 and 5 herein, none of the Reporting Persons, nor, to the best of their knowledge, any persons identified in Item 2 hereof has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person, with respect to any securities of the Issuer. | |
| Item 7. | Material to be Filed as Exhibits. |
Exhibit No. 99.1 Joint Filing Agreement
Exhibit No. 99.2 Letter to Management | |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
Galloway Capital Partners, LLC |
| Signature: | /s/ Bruce Galloway | |
| Name/Title: | Bruce Galloway, Managing Member | |
| Date: | 12/29/2025 |
Galloway Capital, LP |
| Signature: | /s/ Bruce Galloway | |
| Name/Title: | Bruce Galloway, Managing Member | |
| Date: | 12/29/2025 |
GALLOWAY BRUCE |
| Signature: | /s/ Bruce Galloway | |
| Name/Title: | Bruce Galloway | |
| Date: | 12/29/2025 |
Exhibit 99.1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13D with respect to the Common Stock of Ampco-Pittsburgh Corp. dated as of December 29, 2025 is, and any amendments thereto (including amendments on Schedule 13G) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.
| GALLOWAY CAPITAL PARTNERS, LLC | ||
| By: | /s/ Bruce Galloway | |
| Name: | Bruce Galloway | |
| Title: | Managing Member | |
| GALLOWAY CAPITAL, LP | ||
| By: | /s/ Bruce Galloway | |
| Name: | Bruce Galloway | |
| Title: | Managing Member | |
| By: | /s/ Bruce Galloway | |
| Name: | Bruce Galloway | |
Schedule 1
Purchases by the Reporting Persons
| Date | Shares | Share Price | ||||||||
| October 27, 2025 | 3,000 | $ | 9.55 | |||||||
| November 10, 2025 | 2,000 | $ | 9.75 | |||||||
| December 10, 2025 | 5,200 | $ | 11.10 | |||||||
| December 16, 2025 | 9,600 | $ | 13.10 | |||||||
| December 17, 2025 | 11,000 | $ | 13.05 | |||||||
| December 22, 2025 | 5,200 | $ | 12.95 | |||||||
| December 24, 2025 | 3,300 | $ | 13.75 | |||||||
| December 26, 2025 | 1,000 | $ | 13.45 | |||||||
EXHIBIT 99.2
Galloway Capital Partners, LLC
December 29, 2025
Chicago Rivet & Machine Co.
27755 Diehl Road, Suite 200
Warrenville, IL 60555.
Attn: Gregory D. Rizzo, Chief Executive Officer
Dear Mr. Rizzo:
Galloway Capital Partners, LLC and its affiliates collectively own approximately 6.45% of the outstanding shares of Chicago Rivet & Machine Co. (“Chicago Rivet” or the “Company”). As a significant shareholder, we have conducted extensive analysis of the Company and believe Chicago Rivet is materially undervalued relative to its intrinsic earnings power and strategic position.
In our view, the Company is uniquely positioned to benefit from the Trump Administration’s tariff and protectionist policies, which materially enhance the competitive positioning of domestic manufacturers. Based on our analysis, Chicago Rivet has the potential to generate $4 to $5 per share in sustainable earnings, far in excess of what is currently reflected in the stock price.
While we recognize and respect management’s operational execution, we believe the public markets do not adequately understand the Company’s value proposition, earnings power, or strategic advantages. This disconnect represents a clear opportunity for decisive action. Accordingly, we believe the Company should immediately pursue a more proactive and professional investor relations strategy with more detailed press releases, as well as engaging an experienced Wall Street advisor, to ensure Chicago Rivet is properly positioned and communicated to the institutional investment community.
We want to work constructively with management and the Board to discuss these matters and to advocate for initiatives that we believe are necessary to unlock shareholder value. I would welcome the opportunity to discuss these matters with you. I can be reached at (917) 405-4591 or by email at bgalloway@gallowaycap.com.
Very truly yours,
Bruce Galloway
Chief Investment Officer