0000919574-25-003200.txt : 20250515 0000919574-25-003200.hdr.sgml : 20250515 20250515133213 ACCESSION NUMBER: 0000919574-25-003200 CONFORMED SUBMISSION TYPE: SCHEDULE 13G/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20250515 DATE AS OF CHANGE: 20250515 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AXT INC CENTRAL INDEX KEY: 0001051627 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 943031310 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55653 FILM NUMBER: 25951072 BUSINESS ADDRESS: STREET 1: 4281 TECHNOLOGY DR. CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: 510.438.4734 MAIL ADDRESS: STREET 1: 4281 TECHNOLOGY DR. CITY: FREMONT STATE: CA ZIP: 94538 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN XTAL TECHNOLOGY DATE OF NAME CHANGE: 19971217 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Cleveland Capital Management, L.L.C. CENTRAL INDEX KEY: 0001604742 ORGANIZATION NAME: EIN: 341845090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A BUSINESS ADDRESS: STREET 1: 1250 LINDA ST., SUITE 304 CITY: ROCKY RIVER STATE: OH ZIP: 44116 BUSINESS PHONE: 440-333-4925 MAIL ADDRESS: STREET 1: 1250 LINDA ST., SUITE 304 CITY: ROCKY RIVER STATE: OH ZIP: 44116 SCHEDULE 13G/A 1 primary_doc.xml SCHEDULE 13G/A 0000919574-24-005896 0001604742 XXXXXXXX LIVE 1 Common Stock, par value $0.001 per share 03/31/2025 0001051627 AXT, Inc. 00246W103 4281 Technology Dr. Fremont CA 94538 Rule 13d-1(c) Cleveland Capital Management, L.L.C. b DE 0.00 3050000.00 0.00 3050000.00 3050000.00 N 6.7 IA OO Cleveland Capital, L.P. b DE 0.00 3050000.00 0.00 3050000.00 3050000.00 N 6.7 PN Wade Massad b X1 111000.00 3050000.00 111000.00 3050000.00 3161000.00 N 6.9 HC IN John Shiry b X1 0.00 3050000.00 0.00 3050000.00 3050000.00 N 6.7 HC IN AXT, Inc. 4281 TECHNOLOGY DR., FREMONT, CA, 94538 Cleveland Capital Management, L.L.C. Cleveland Capital, L.P. Wade Massad John Shiry Cleveland Capital Management, L.L.C. 1250 LINDA ST., SUITE 304, ROCKY RIVER, OH, 44116 Cleveland Capital, L.P. 1250 LINDA STREET, SUITE 304, ROCKY RIVER, OH, 44116 Wade Massad 1250 LINDA STREET, SUITE 304, ROCKY RIVER, OH, 44116 John Shiry 1250 LINDA ST., SUITE 304, ROCKY RIVER, OH, 44116 Cleveland Capital Management, L.L.C. - Delaware Cleveland Capital, L.P. - Delaware Wade Massad - United States John Shiry - United States Y Cleveland Capital Management, L.L.C. - 3,050,000 Cleveland Capital, L.P. - 3,050,000 Wade Massad - 3,161,000 John Shiry - 3,050,000 Cleveland Capital Management, L.L.C. - 6.7% Cleveland Capital, L.P. - 6.7% Wade Massad - 6.9% John Shiry - 6.7% Cleveland Capital Management, L.L.C. - 0 Cleveland Capital, L.P. - 0 Wade Massad - 111,000 John Shiry - 0 Cleveland Capital Management, L.L.C. - 3,050,000 Cleveland Capital, L.P. - 3,050,000 Wade Massad - 3,050,000 John Shiry - 3,050,000 Cleveland Capital Management, L.L.C. - 0 Cleveland Capital, L.P. - 0 Wade Massad - 111,000 John Shiry - 0 Cleveland Capital Management, L.L.C. - 3,050,000 Cleveland Capital, L.P. - 3,050,000 Wade Massad - 3,050,000 John Shiry - 3,050,000 Y N All of the securities reported in this Schedule 13G are owned by an advisory client of Cleveland Capital Management, L.L.C., and by one of its control persons. N Please see Exhibit B attached hereto. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification Cleveland Capital Management, L.L.C. By: /s/ Wade Massad Wade Massad/Managing Member 05/15/2025 Cleveland Capital, L.P. By: /s/ Wade Massad Wade Massad/Managing Member 05/15/2025 Wade Massad By: /s/ Wade Massad Wade Massad 05/15/2025 John Shiry By: /s/ John Shiry John Shiry 05/15/2025 * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class. EX-99 2 d11798411_ex99-a.htm

 

Exhibit A

JOINT FILING AGREEMENT

The undersigned agree that this Schedule 13G Amendment No. 1 dated May 15, 2025 relating to the Common Stock, par value $0.001 per share, of AXT, Inc. shall be filed on behalf of the undersigned.

 

CLEVELAND CAPITAL MANAGEMENT, L.L.C.

 

By: /s/ Wade Massad

  Name: Wade Massad
  Title:  Managing Member

 

 

 

CLEVELAND CAPITAL, L.P.

 

By: /s/ Wade Massad

  Name: Wade Massad
  Title:  Managing Member

 

 

 

WADE MASSAD

 

By: /s/ Wade Massad

 

 

 

JOHN SHIRY

 

By: /s/ John Shiry

 

 

 

 

 

 EX-99 3 d11798411_ex99-b.htm

 

Exhibit B

CONTROL PERSON IDENTIFICATION

Cleveland Capital Management, L.L.C. is the relevant entity for which Wade Massad and John Shiry may be considered control persons.