[SCHEDULE 13D/A] Commercial Vehicle Group, Inc. SEC Filing

Rhea-AI Filing Summary

Lakeview Opportunity Fund LLC filed Amendment No. 1 to its Schedule 13D disclosing ownership of 3,126,911 shares of Commercial Vehicle Group, Inc. (CVGI), equal to approximately 8.5% of the 36,983,950 shares outstanding reported in the issuer's August 21, 2025 prospectus. The filing states the aggregate purchase price for these shares was approximately $4,341,894 (excluding commissions) and that purchases were made with working capital, which may include margin loans. The reporting persons say they have communicated with CVGI's management and board and expect to continue discussions about value-creation opportunities, explicitly including a review of strategic alternatives such as a possible sale of the company.

Positive

• Reported stake of 3,126,911 shares (8.5% of outstanding stock), large enough to influence discussions with management
• Aggregate purchase price disclosed (~$4,341,894), providing transparency on investor commitment
• Direct engagement with management and the Board signaled, which could unlock strategic value

Negative

• Active push to explore strategic alternatives including a sale could create short-term uncertainty or operational disruption
• Shares purchased with working capital (may include margin loans), implying leveraged exposure by the reporting fund

Insights

Financial Analyst

TL;DR: A funds group disclosed an 8.5% stake and is pressing management to explore strategic alternatives, including a potential sale.

The position size—3,126,911 shares—constitutes a meaningful minority stake in CVGI and is large enough to warrant board engagement. The filing quantifies the cash outlay (~$4.34 million) and confirms open-market acquisitions. The stated intent to continue discussions with management and to pursue a review of strategic alternatives is a clear signal of activist-style engagement that may accelerate corporate strategic review, potential sale processes, or other governance changes. Investors should note this is a disclosure of intent and not a definitive transaction or control attempt.

Corporate Governance Expert

TL;DR: Reporting persons publicly disclosed shared voting/dispositive power and plan ongoing engagement with the board to seek value-creation.

This Schedule 13D/A clarifies beneficial ownership across related entities and names Ari B. Levy as the individual manager with shared voting and dispositive authority. The amendment formally notifies the market that the holders may push for strategic alternatives, which can spur board-level responses, special committees, or shareholder communications. The disclosure of source of funds as working capital and potential margin loans provides transparency on financing but does not indicate any binding transaction timetable.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Commercial Vehicle Group, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

202608105

(CUSIP Number)

ARI B. LEVY
LAKEVIEW OPPORTUNITY FUND, LLC, 444 W. Lake Street, Suite 1900
Chicago, IL, 60606
312-245-2910

MEAGAN REDA, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/15/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 202608105

1

Name of reporting person

Lakeview Opportunity Fund 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)

WC

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 3,126,911.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,126,911.00

11

Aggregate amount beneficially owned by each reporting person

3,126,911.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.5 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 202608105

1

Name of reporting person

Lakeview Opportunity Fund GP, 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)

AF

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 3,126,911.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,126,911.00

11

Aggregate amount beneficially owned by each reporting person

3,126,911.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.5 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 202608105

1

Name of reporting person

LIG Fund Management, 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)

AF

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 3,126,911.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,126,911.00

11

Aggregate amount beneficially owned by each reporting person

3,126,911.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.5 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 202608105

1

Name of reporting person

Ari B. Levy

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)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,126,911.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,126,911.00

11

Aggregate amount beneficially owned by each reporting person

3,126,911.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.5 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: Commercial Vehicle Group, Inc.
(c)	Address of Issuer's Principal Executive Offices: 7800 WALTON PARKWAY, NEW ALBANY, OHIO , 43054.
Item 1 Comment: The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned ("Amendment No. 1"). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Shares purchased by Lakeview LLC were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 3,126,911 Shares beneficially owned by Lakeview LLC is approximately $4,341,894, excluding brokerage commissions.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended to add the following: The Reporting Persons have communicated with the Issuer's management team and Board of Directors (the "Board") and expect to continue to communicate with the Issuer's management team and Board, regarding their views on the Issuer and opportunities for value creation, including through a review process that explores strategic alternatives, including a sale of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The percentages used in this Schedule 13D are based upon 36,983,950 Shares outstanding, as of August 6, 2025, as reported in the Issuer's Prospectus on Form 424B5 filed with the Securities and Exchange Commission on August 21, 2025. As of the date hereof, Lakeview LLC beneficially owns directly 3,126,911 Shares, representing approximately 8.5% of the outstanding Shares. Lakeview GP, as the managing member of Lakeview LLC, may be deemed to beneficially own the 3,126,911 Shares owned directly by Lakeview LLC, representing approximately 8.5% of the outstanding Shares. Lakeview Management, as the investment manager of Lakeview LLC, may be deemed to beneficially own the 3,126,911 Shares owned directly by Lakeview LLC, representing approximately 8.5% of the outstanding Shares. Mr. Levy, as the manager of Lakeview GP and Lakeview Management, may be deemed to beneficially own the 3,126,911 Shares owned directly by Lakeview LLC, representing approximately 8.5% of the outstanding Shares. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)	Item 5(b) is hereby amended and restated to read as follows: Each of Lakeview LLC, Lakeview GP, Lakeview Management, and Mr. Levy may be deemed to share the power to vote and dispose of the Shares owned by Lakeview LLC. See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and the sole or shared power to dispose or to direct the disposition of the Shares.
(c)	Item 5(c) is hereby amended and restated to read as follows: Information concerning transactions in the securities of the Issuer effected by the Reporting Persons during the past sixty days is set forth in Exhibit 1 attached hereto and incorporated herein by reference. Unless otherwise noted, all of the transactions in the securities of the Issuer listed therein were effected in the open market through various brokerage entities.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities.

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.

Lakeview Opportunity Fund LLC

Signature:	/s/ Ari B. Levy
Name/Title:	Ari B. Levy, Manager of Lakeview Opportunity Fund GP, LLC, its Managing Member
Date:	09/15/2025

Lakeview Opportunity Fund GP, LLC

Signature:	/s/ Ari B. Levy
Name/Title:	Ari B. Levy, Manager
Date:	09/15/2025

LIG Fund Management, LLC

Signature:	/s/ Ari B. Levy
Name/Title:	Ari B. Levy, Manager
Date:	09/15/2025

Ari B. Levy

Signature:	/s/ Ari B. Levy
Name/Title:	Ari B. Levy
Date:	09/15/2025

FAQ

How many CVGI shares does Lakeview Opportunity Fund own and what percent is that of the company?

The fund beneficially owns 3,126,911 shares, representing approximately 8.5% of the 36,983,950 shares reported outstanding.

What did the Schedule 13D/A say Lakeview Fund paid for its CVGI stake?

The filing reports an aggregate purchase price of approximately $4,341,894, excluding brokerage commissions.

What is Lakeview's stated purpose for these shares in CVGI?

The reporting persons stated they have communicated with CVGI's management and Board and expect to continue discussions about value-creation, including a review of strategic alternatives such as a possible sale.

Who is the individual named in the filing with decision-making roles?

The filing names Ari B. Levy as manager of related entities and indicates he may be deemed to share voting and dispositive power over the reported shares.

How were the shares acquired according to the filing?

Unless noted otherwise, the transactions were effected in the open market through various brokerage entities, and the source of funds is listed as working capital.