UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
☒ ANNUAL REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended
December 31, 2025
OR
☐ TRANSITION REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _____to_____
Commission File No. 001-42030
Loar Group Inc. 401(k) Plan
(Full title of the plan)
Loar Holdings Inc.
(Name of issuer of the securities held pursuant to the plan)
20 New King Street
White Plains, New York 10604
(Address of the plan and address of issuer's principal executive offices)
Report of Independent registered public accounting firm
To the Plan Administrator and Plan Management of the
Loar Group Inc. 401(k) Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of the Loar Group Inc. 401(k) Plan (the “Plan”) as of December 31, 2025 and 2024, and the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes and schedules (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental information in the accompanying schedules of Form 5500, Schedule H, Line 4a – Schedule of Delinquent Participant Contributions as of December 31, 2025, and Form 5500, Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2025, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of Plan Management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Whitley Penn LLP
We have served as the Plan’s auditor since 2026.
Fort Worth, Texas
June 26, 2026
Loar Group Inc. 401(k) Plan
Statements of Net Assets Available for Benefits
December 31, 2025 and 2024
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
Assets |
|
|
|
|
|
|
Investments, at fair value |
|
$ |
89,743,208 |
|
|
$ |
74,981,619 |
|
Notes receivable from participants |
|
|
1,269,683 |
|
|
|
1,268,144 |
|
Contributions receivable |
|
|
|
|
|
|
Employer |
|
|
284 |
|
|
|
— |
|
Participant |
|
|
567 |
|
|
|
— |
|
Net Assets Available for Benefits |
|
$ |
91,013,742 |
|
|
$ |
76,249,763 |
|
See Notes to Financial Statements.
Loar Group Inc. 401(k) Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2025
|
|
|
|
|
Additions |
|
|
|
Investment Income |
|
|
|
Interest and dividends |
|
$ |
3,659,978 |
|
Net appreciation in fair value of investments |
|
|
9,486,911 |
|
|
|
|
13,146,889 |
|
Interest income on notes receivable from participants |
|
|
107,015 |
|
Contributions |
|
|
|
Employer |
|
|
2,071,446 |
|
Participant |
|
|
5,976,598 |
|
Rollovers |
|
|
904,585 |
|
Total contributions |
|
|
8,952,629 |
|
Total additions |
|
|
22,206,533 |
|
Deductions |
|
|
|
Benefits paid to participants |
|
|
8,634,180 |
|
Administrative expenses |
|
|
101,846 |
|
Total deductions |
|
|
8,736,026 |
|
Net Increase |
|
|
13,470,507 |
|
Transfers into Plan (see Note 1) |
|
|
1,293,472 |
|
Net Assets Available for Benefits |
|
|
|
Beginning of year |
|
|
76,249,763 |
|
End of year |
|
$ |
91,013,742 |
|
See Notes to Financial Statements.
Loar Group Inc. 401(k) Plan
Notes to Financial Statements
December 31, 2025 and 2024
Note 1 - Description of Plan
The following brief description of the Loar Group Inc. 401(k) Plan (the Plan) is provided for general information purposes only. Participants should refer to the Plan document for a more complete description of the Plan's provisions.
General
The Plan was originally adopted effective January 1, 2015, and has from time to time been further amended. The Plan is a defined contribution profit-sharing plan covering qualified employees, as defined in the Plan, employed by the following (collectively, the Employer or Company):
•Aviation Manufacturing Group, LLC dba The Freeman Company (AMG)
•AGC Acquisition, LLC dba AGC, Incorporated (AGC)
•Terry’s Precision Products LLC dba Terry’s Machine & Mfg. Inc. (TMM)
•Applied Engineering, Inc.
•SAF Industries, LLC dba Gar Kenyon
•SMR Acquisition LLC (SMR)
•Hydra-Electric Company (Hydra)
•Safe Flight Instrument, LLC (SFI)
•Pacific Piston Ring Co., Inc. (PPR)
•AOG Aviation Spares LLC (AOG)
•Schroth Safety Products, LLC (effective January 2024)
•CAV Ice Protection, Inc (effective February 2025)
Plan Amendments
The Plan has adopted certain provisions to comply with recent legislative and regulatory changes, including increasing the mandatory distribution limit from $5,000 to $7,000 as of January 1, 2024 and allowing increased catch-up contributions for eligible participants as of January 1, 2025 in connection with the SECURE 2.0 Act. However, as allowed by those regulations, the Plan has not been formally amended as of December 31, 2025.
The Plan was amended, effective February 18, 2025, to merge the CAV Ice Protection, Inc. 401(k) Plan into the Plan. Participant account balances of $1,293,472 were transferred into the Plan in February 2025.
On May 19, 2025, the Employer elected to establish share accounted stock trading within the Plan. The Employer opened the real time trading option to purchase Loar Holdings stock in the Plan effective July 1, 2025.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Loar Group Inc. 401(k) Retirement Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
Loar Group Inc. 401(k) Plan (Name of Plan)) |
|
|
|
|
Date: June 26, 2026 |
|
By: |
/s/ Glenn D'Alessandro |
|
|
|
Glenn D’Alessandro |
|
|
|
Chairperson, Loar Group Inc. 401(k) Retirement Committee |