# EDGAR Filing Document

**Accession Number:** 0001009891
**File Stem:** 0001213900-23-011255
**Filing Date:** 2023-2
**Character Count:** 8853
**Document Hash:** b695d174fa377a9b6e6cb20df3a41600
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-011255.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001213900-23-011255

**CONFORMED SUBMISSION TYPE**: SC 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIR INDUSTRIES GROUP
- **CENTRAL INDEX KEY:** 0001009891
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
- **IRS NUMBER:** 204458244
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-61067
- **FILM NUMBER:** 23624727

**BUSINESS ADDRESS:**
- **STREET 1:** 1460 FIFTH AVENUE
- **CITY:** BAY SHORE
- **STATE:** NY
- **ZIP:** 11706
- **BUSINESS PHONE:** 631-881-4920

**MAIL ADDRESS:**
- **STREET 1:** 1460 FIFTH AVENUE
- **CITY:** BAY SHORE
- **STATE:** NY
- **ZIP:** 11706

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIR INDUSTRIES GROUP, INC.
- **DATE OF NAME CHANGE:** 20070702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gales Industries Inc
- **DATE OF NAME CHANGE:** 20060410

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ashlin Development Corp
- **DATE OF NAME CHANGE:** 20050127
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TAGLICH MICHAEL N
- **CENTRAL INDEX KEY:** 0001024533

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A

**MAIL ADDRESS:**
- **STREET 1:** TAGLICH BROTHERS INC
- **STREET 2:** 1370 AVENUE OF THE AMERICAS --31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 6317254791

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION,**<br> Washington, D.C. 20549

**SCHEDULE 13D**

Under the Securities Exchange Act of 1934

(Amendment No. 1)\*

<u>Air Industries Group</u> <br> (Name of Issuer)

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| |
|:---|
| Common stock, par value $0.001 per share |
| (Title of Class of Securities) |

---

<u>00912N205</u> <br> (CUSIP Number)

<u>Michael N. Taglich 37 Main Street Cold Spring Harbor, New York 11724-1423 516 757-1500</u> <br> (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

<u>February 14, 2023</u> <br> (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 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 disclosures provided in a prior cover page.

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).

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| | | |
|:---|:---|:---|
| CUSIP No. 00912N205______ | CUSIP No. 00912N205______ | CUSIP No. 00912N205______ |
| (1) | Names of reporting persons | Names of reporting persons |
|  | Michael N. Taglich | Michael N. Taglich |
| (2) | Check the appropriate box if a member of a group (see instructions) | Check the appropriate box if a member of a group (see instructions) |
|  | (a) ☐ | (a) ☐ |
|  | (b) ☐ | (b) ☐ |
| (3) | SEC use only | SEC use only |
| (4) | Source of funds (see instructions)  | Source of funds (see instructions)  |
|  | PF, OO | PF, OO |
| (5) | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)  | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)  |
| (6) | Citizenship or place of organization  | Citizenship or place of organization  |
|  | USA | USA |
|  | Number of shares beneficially owned by each reporting person with:  | Number of shares beneficially owned by each reporting person with:  |
|  | (7) | Sole voting power <br>|
|  |  | 635669 (1) (2) |
|  | (8) | Shared voting power <br>|
|  |  | 42973 (3) |
|  | (9) | Sole dispositive power <br>|
|  |  | 635669 (1) (2) |
|  | (10) | Shared dispositive power <br>|
|  |  | 42973 (3) |
| (11) | Aggregate amount beneficially owned by each reporting person  | Aggregate amount beneficially owned by each reporting person  |
|  | 678642 | 678642 |
| (12) | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  |
| (13) | Percent of class represented by amount in Row (11)  | Percent of class represented by amount in Row (11)  |
|  | 19.4% (A) | 19.4% (A) |
| (14) | Type of reporting person (see instructions) | Type of reporting person (see instructions) |
|  | IN | IN |

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(1) Includes 5,300 shares issuable
upon exercise of options and warrants.

(2) Includes an aggregate of 219,679
shares issuable on conversion of convertible notes, exclusive of shares issuable upon interest accrued but not paid since December 31,
2020. (3) Includes 23,995 shares held
by Taglich Brothers, Inc. ("Taglich Brothers"), of which the Reporting Person is a shareholder and managing director; 17,228
shares issuable upon conversion of convertible notes held by Taglich Brothers and 1,750 shares issuable upon exercise of exercise of
warrants held by Taglich Brothers.

(A) Based upon 3,247,937 shares reported outstanding as of November 8, 2022.

**ITEM 1. SECURITY AND ISSUER.**

This Amendment No. 1 to the statement of Beneficial Ownership on Schedule 13D filed on August 3, 2022 (the "Statement"), relates to the common stock, $0.001 par value per share, of Air Industries Group ("Issuer").

This Amendment is being filed by the Reporting Person to report changes in ownership resulting from the receipt during the period commencing August 3, 2022, and ending as of the date hereof, of shares of the Issuer in lieu of director fees and decreases in the number of shares which may be acquired by the Reporting Person as a result of the expiration of options previously held by the Reporting Person.

Except as modified by the information provided in this Item 1, the information set forth in Item 1 of the Statement is incorporated herein by reference in response to the disclosure requirements of Item 1 of Schedule 13D.

**ITEM 2. IDENTITY AND BACKGROUND.**

The information set forth in Item 2 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 2 of Schedule 13D.

**ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.**

The information set forth in Item 3 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 3 of Schedule 13D.

**ITEM 4. PURPOSE OF TRANSACTION.**

The information set forth in Item 4 of the Statement is incorporated by reference herein in response to the disclosure requirements of Item 4 of Schedule 13D.

**ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) See
 rows (11) and (13) of the cover page to this Statement for the aggregate number of shares
 of common stock and percentage of common stock of the Issuer owned by the Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) See
 rows (7) through (10) of the cover page to this Statement for the number of Common Stock
 as to which the Reporting Person has the sole or shared power to vote or direct the vote
 and sole or shared power to dispose or to direct the disposition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) During
 the past sixty days, except for shares received in lieu of director's fees, the Reporting
 Person has not effected any transactions in the Issuer's Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To
 the best knowledge of the Reporting Person, except as to the securities owned by Taglich
 Brothers, no other person has the right to receive or the power to direct the receipt of
 dividends from, or the proceeds from the sale of, the securities beneficially owned by the
 Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Not
 applicable.

**ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.**

Not applicable.

**ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.**

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.

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| | |
|:---|:---|
| Date | February 14, 2023 |
| Signature | /s/ Michael N Taglich |
| Name/Title | Michael N. Taglich |

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