UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AIR INDUSTRIES GROUP, INC.
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
00912N106
(CUSIP Number)
JULY 18, 2008
(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)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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).
PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS
FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB
CONTROL NUMBER.
SEC 1745 (12-02)
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CUSIP No. 00912N106 13G Page 2 of 9 Pages
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1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
TWM CAPITAL, L.P.
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2.
CHECK THE APPROPRIATE BOX IF A GROUP* (a)
(b) |X|
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3. SEC USE ONLY
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4.
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 5.
SHARES SOLE VOTING POWER 0
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BENEFICIALLY 6.
OWNED BY SHARED VOTING POWER 3,957,730
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EACH 7.
REPORTING SOLE DISPOSITIVE POWER 0
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PERSON WITH: 8.
SHARED DISPOSTIVE POWER 3,957,730
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9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,957,730
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10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.63 %
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12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN
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CUSIP No. 00912N106 13G Page 3 of 9 Pages
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13.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
THOMAS MULLEN, LLC
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14.
CHECK THE APPROPRIATE BOX IF A GROUP* (a)
(b) |X|
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15. SEC USE ONLY
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16.
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 17.
SHARES SOLE VOTING POWER 0
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BENEFICIALLY 18.
OWNED BY SHARED VOTING POWER 3,957,730
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EACH 19.
REPORTING SOLE DISPOSITIVE POWER 0
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PERSON WITH: 20.
SHARED DISPOSTIVE POWER 3,957,730
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21.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,957,730
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22.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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23.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.63 %
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24.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA
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CUSIP No. 00912N106 13G Page 4 of 9 Pages
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
THOMAS MULLEN
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CHECK THE APPROPRIATE BOX IF A GROUP* (a)
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 25.
SHARES SOLE VOTING POWER 0
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BENEFICIALLY 26.
OWNED BY SHARED VOTING POWER 3,957,730
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EACH 27.
REPORTING SOLE DISPOSITIVE POWER 0
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PERSON WITH: 28.
SHARED DISPOSTIVE POWER 3,957,730
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,957,730
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.63 %
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
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CUSIP No. 00912N106 13G Page 5 of 9 Pages
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ITEM 1.
(a) Name of Issuer: AIR INDUSTRIES GROUP, INC.
(b) Address of Issuer's Principal
Executive Offices: 1479 N. CLINTON AVENUE
BAY SHORE, NEW YORK 11706
ITEM 2. (a) Name of Person Filing:
THIS SCHEDULE IS BEING FILED WITH RESPECT TO SHARES OF
COMMON STOCK OF THE ISSUER WHICH ARE BENEFICIALLY OWNED
BY TWM CAPITAL, L.P., THOMAS MULLEN, LLC AND THOMAS
MULLEN. SEE ITEM 4 BELOW.
113 POST ROAD EAST
(b) Address of Principal Business Office or, if none, Residence: WESTPORT, CT 06880
TWM CAPITAL, L.P. IS A DELAWARE LIMITED PARTNERSHIP, THOMAS MULLEN, LLC IS
A DELAWARE LIMITED LIABILITY COMPANY AND THOMAS MULLEN IS A UNITED STATES
(c) Citizenship: CITIZEN.
(d) Title of Class of Securities: COMMON STOCK, $0.001 PAR VALUE
(e) CUSIP Number: 00912N106
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.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 ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with ss. 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) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
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CUSIP No. 00912N106 13G Page 6 of 9 Pages
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OWNERSHIP.
ITEM 4.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
Thomas Mullen beneficially owns 3,957,730
shares held by TWM Capital, L.P.
("Partnership"), a Delaware limited
(a) Amount beneficially owned: partnership of which the general partner is
Thomas Mullen, LLC, a Delaware limited
liability company of which Mr. Mullen is the
managing member.
The following percentages are based on
70,245,551 shares issued and outstanding
based on the sum of (i) 69,262,227 as
(b) Percent of class: reported on the Issuer's most recent 10-Q as
filed with the SEC on May 19, 2008 and (ii)
983,324 shares issued and sold as reported on
the Issuer's 8-K filed on June 24, 2008.
TWM Capital, L.P.: 5.63%
Thomas Mullen, LLC: 5.63%
Thomas Mullen: 5.63%
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CUSIP No. 00912N106 13G Page 7 of 9 Pages
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(c) Number of shares as to which the person has:
TWM Capital, L.P.: 0
Thomas Mullen, LLC: 0
(i) Sole power to vote or to direct the vote: Thomas Mullen: 0
TWM Capital, L.P.: 3,957,730
(ii) Shared power to vote or to direct the vote: Thomas Mullen, LLC: 3,957,730
Thomas Mullen: 3,957,730
TWM Capital, L.P.: 0
(iii) Sole power to dispose or to direct the disposition of:
Thomas Mullen, LLC: 0
Thomas Mullen: 0
TWM Capital, L.P.: 3,957,730
(iv) Shared power to dispose or to direct the disposition of:
Thomas Mullen, LLC: 3,957,730
Thomas Mullen: 3,957,730
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
As referred to in Item 4, other persons have the right to receive and the power
to direct the receipt of dividends from, and the proceeds from the sale of,
certain of the shares reported herein. In that regard Mr. Mullen is the managing
member of Thomas Mullen, LLC, the general partner of the Partnership.
Accordingly, the Partnership has the right to receive and the power to direct
the receipt of, dividends and the proceeds from the sale of the shares reported
herein that are held through the Partnership which shares represent greater than
5% of the shares outstanding.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.
See Exhibit B.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
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CUSIP No. 00912N106 13G Page 8 of 9 Pages
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION
The following certification shall be included if the statement
is filed pursuant to ss.240.13d-1(b):
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired and are held in the ordinary course of
business and were
(a) 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. [X]
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CUSIP No. 00912N106 13G Page 9 of 9 Pages
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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.
July 25, 2008
Date
/s/ TWM Capital, L.P.
Signature
Thomas Mullen, LLC/general partner
Name/Title
July 25, 2008
Date
/s/ Thomas Mullen, LLC
Signature
Thomas Mullen, LLC/managing member
Name/Title
July 25, 2008
Date
/s/ Thomas Mullen, LLC
Signature
Thomas Mullen, LLC/managing member
Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. SEE ss.240.13d-7 for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
EXHIBIT LIST
Exhibit A Joint Filing Agreement
Exhibit B Item 7 Statement
EXHIBIT A
The undersigned hereby agree jointly to prepare and file with
regulatory authorities a Schedule 13G and any amendment thereto reporting each
of the undersigned's ownership of securities of Air Industries Group, Inc. and
hereby affirm that such Schedule 13G is being filed on behalf of each of the
undersigned.
July 25, 2008
Date
/s/ TWM Capital, L.P.
Signature
Thomas Mullen, LLC/general partner
Name/Title
July 25, 2008
Date
/s/ Thomas Mullen, LLC
Signature
Thomas Mullen, LLC/managing member
Name/Title
July 25, 2008
Date
/s/ Thomas Mullen, LLC
Signature
Thomas Mullen, LLC/managing member
Name/Title
EXHIBIT B
As discussed in Item 4(a), certain shares reported herein are held
through TWM Capital, L.P., a Delaware limited partnership, of which Thomas
Mullen is the managing member of the partnership's general partner, Thomas
Mullen, LLC.