Elmet Group Co. ownership update: Peter V. Anania and related entities reported beneficial ownership details of common stock. The filing lists an aggregate of 10,803,122 shares associated with Mr. Anania across direct and affiliated holdings, with explicit voting and dispositive power breakdowns.
The filing states 29,979,863 shares of common stock outstanding as of April 23, 2026. It itemizes 5,406,403 shares with sole voting and dispositive power held by Mr. Anania, 1,627,956 shares held by The Anania Trust II, and 5,396,719 shares held by Anania & Associates Investment Company, LLC, with each manager disclaiming beneficial ownership under the filing's described governance rule.
Positive
None.
Negative
None.
Insights
Beneficial ownership aggregated across direct and affiliated vehicles; voting authority is split.
The filing shows 10,803,122 shares associated with Mr. Anania across direct holdings, two trusts, and a family LLC, with specified counts and voting/dispositive power for each vehicle. The disclosure highlights role-based controls: Mr. Anania is trust protector of two trusts and one of four managers of the LLC.
Because the filing invokes the so-called "rule of three," the managers disclaim beneficial ownership for LLC-held shares; governance control over those LLC shares depends on the LLC's internal voting rules. Subsequent filings would be the place to confirm any changes in voting alignment or transfers.
Schedule 13G/A provides precise share counts and the outstanding share base used for percent calculations.
The document ties percentages to an explicit outstanding share base of April 23, 2026 and lists per‑holder counts including 1,627,956 shares for The Anania Trust II and 5,396,719 for Anania & Associates Investment Company, LLC. Filers include tailored disclaimers about beneficial ownership and the governance rule affecting manager attribution.
From a compliance view, the filing furnishes required numeric detail and disclosures about indirect holdings and control roles; any material change in these counts or in the LLC's decision rules should be disclosed in future amendments.
Key Figures
Shares outstanding:29,979,863 sharesTotal shares associated with Anania:10,803,122 sharesSole voting/dispositive power (Peter Anania):5,406,403 shares+4 more
7 metrics
Shares outstanding29,979,863 sharesas of April 23, 2026
Total shares associated with Anania10,803,122 sharesaggregate direct and affiliated holdings reported in comments
Sole voting/dispositive power (Peter Anania)5,406,403 shareslisted as sole voting and dispositive power for Mr. Anania
The Anania Trust II holdings1,627,956 sharestrust holdings with sole voting and dispositive power
Anania & Associates LLC holdings5,396,719 sharesLLC-held shares listed with shared voting power and sole dispositive power
Percent shown for The Anania Trust II5.43%percent of class stated for The Anania Trust II
Percent shown for Anania & Associates LLC18.00%percent of class stated for Anania & Associates Investment Company, LLC
Key Terms
beneficially owned, sole voting power, shared dispositive power, "rule of three", +1 more
5 terms
beneficially ownedregulatory
"Of the 10,803,122 shares of common stock reported as beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerregulatory
"Sole Voting Power 5,406,403.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared dispositive powerregulatory
"Shared Dispositive Power 5,396,719.00"
"rule of three"legal
"As a result, under the so-called "rule of three," if voting and dispositive decisions"
trust protectorother
"Mr. Anania is the trust protector of The Anania Trust I and The Anania Trust II"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Elmet Group Co.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
289395105
(CUSIP Number)
04/22/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
289395105
1
Names of Reporting Persons
Peter V. Anania
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
5,406,403.00
6
Shared Voting Power
5,396,719.00
7
Sole Dispositive Power
5,406,403.00
8
Shared Dispositive Power
5,396,719.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,406,403.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
18.03 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Of the 10,803,122 shares of common stock reported as beneficially owned with sole voting and dispositive power, 2,964,469 shares are beneficially owned directly by Mr. Anania, 813,978 shares are held by The Anania Trust I, 1,627,956 shares are held by The Anania Trust II, and 5,396,719 shares are held by Anania & Associates Investment Company, LLC. Mr. Anania is the trust protector of The Anania Trust I and The Anania Trust II, with sole voting and dispositive power over the shares of common stock held by each trust. Mr. Anania is one of four managers of Anania & Associates Investment Company, LLC, a majority of which are required to approve any action with respect to the shares of common stock owned by that entity. As a result, under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, none of the individuals is deemed a beneficial owner of the entity's securities. Mr. Anania expressly disclaims any beneficial interest to the shares of common stock held by Anania & Associates Investment Company, LLC, except to the extent of any pecuniary interest he may have therein, directory or indirectly.
Note to Row 11: Based on an aggregate of 29,979,863 shares of common stock outstanding as of April 23, 2026 according to the records of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
289395105
1
Names of Reporting Persons
The Anania Trust II
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW HAMPSHIRE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,627,956.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,627,956.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,627,956.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.43 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The Anania Trust II is a trust organized in the state of New Hampshire. Mr. Anania is the trust protector of The Anania Trust II, with sole voting and dispositive power over the shares of common stock held by the trust.
Note to Row 11: Based on an aggregate of 29,979,863 shares of common stock outstanding as of April 23, 2026 according to the records of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
289395105
1
Names of Reporting Persons
Anania & Associates Investment Company, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MAINE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,396,719.00
7
Sole Dispositive Power
5,396,719.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,396,719.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
18.00 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Anania & Associates Investment Company, LLC, is a limited liability company organized in the state of Maine. Mr. Anania, Jim Detert, Jeffrey Tounge and Walter Wunderlich are the managers of Anania & Associates Investment Company, LLC, a majority of which are required to approve any action with respect to the shares of common stock owned by that entity. As a result, under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, none of the individuals is deemed a beneficial owner of the entity's securities. Each of the managers expressly disclaims any beneficial interest to the shares of common stock held by Anania & Associates Investment Company, LLC, except to the extent of any pecuniary interest each of them may have therein, directory or indirectly.
Note to Row 11: Based on an aggregate of 29,979,863 shares of common stock outstanding as of April 23, 2026 according to the records of the Issuer.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Elmet Group Co.
(b)
Address of issuer's principal executive offices:
2 Portland Fish Pier, Suite 214, Portland, Maine 04101
Item 2.
(a)
Name of person filing:
Peter V. Anania
The Anania Trust II
Anania & Associates Investment Company, LLC
(b)
Address or principal business office or, if none, residence:
Peter V. Anania and Anania & Associates Investment Company LLC:
2 Portland Fish Pier, Suite 214, Portland, Maine 04101
The Anania Trust II:
82 North Maine Street, Conford, New Hampshire 03301
(c)
Citizenship:
United States
(d)
Title of class of securities:
Common Stock, par value $0.001 per share
(e)
CUSIP No.:
289395105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The responses to items 5-11 of the cover pages of this Schedule 13G including the comments thereto are incorporated herein by references.
(b)
Percent of class:
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
(iv) Shared power to dispose or to direct the disposition of:
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
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.
Mr. Anania is associated with 10,803,122 shares across direct and affiliated holdings. The filing lists his direct and affiliated counts and voting powers on the cover pages and comments.
How many ELMT shares were outstanding as of the filing?
The filing states there were 29,979,863 shares of common stock outstanding as of April 23, 2026. This base is used for the percentage figures in the disclosure.
What holdings are listed for Anania & Associates Investment Company, LLC?
Anania & Associates Investment Company, LLC is shown holding 5,396,719 shares with shared voting and sole dispositive power in the cover information and comments.
How many shares does The Anania Trust II hold according to the filing?
The filing reports The Anania Trust II holds 1,627,956 shares with sole voting and dispositive power, as stated in the cover page rows and related comments.
Does the filing clarify who controls the LLC-held shares?
The filing states four managers govern Anania & Associates Investment Company, LLC and applies the "rule of three," with each manager disclaiming beneficial ownership of the LLC shares except for any pecuniary interest.
