Summit Capital Inc.

Part 2A of Form ADV: Summit Capital, Inc. Summit Capital, Inc. Investment Management Form ADV Part 2A- Disclosure Brochure March 1, 2026 This Brochure provides information about the qualifications and business practices of Summit Capital, Inc. If you have any questions about the contents of this brochure, please contact us at (216) 839-8444. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Summit Capital Inc. is also available at the SEC’s website at www.adviosrinfo.sec.gov. Summit Capital Inc .is a registered investment advisor. The term “registered investment advisor” does not imply a certain level of skill or training. Summit Capital Inc. 3505 Rolling Hills Pepper Pike, Ohio 44122 Phone (216) 839-8444 www.summit-capital.com 1  Item 2: Material Changes In the future, Item 2 will be used to provide clients with a summary of material changes that are made to this brochure since the last annual update. Listed below are the material changes since the last annual Form ADV Part 2A dated March 1, 2025. • In November 2025, the firm’s founder James “Jim” Onorato passed away unexpectedly. Jim’s wife Karen (Karen McDevitt Onorato) became the owner of Summit Capital. Since this time David Yormick has served as the interim Chief Executive Officer, Chief Compliance Officer and has continued to manage portfolios and investments. • Effective March 31, 2026, the Summit Capital address will be: 3505 Rolling Hills Pepper Pike OH 44124 The phone number will remain the same. • There were no other Material Changes. This brochure dated March 1, 2026 replaces the last brochure dated March 1, 2025. 2  Item 3: Table of Contents Item 1: Cover Page……………………………………………………………………………………………………………….…..1 Item 2: Material Changes……………………………………………………………………………………………………….…2 Item3: Table of Contents……………………………………………………………………………………………………..…...3 Item 4: Advisory Business…………………………………………………………………………………………………….……4 Item 5: Fees and Compensation………………………………………………………………………………………………..4 Item 6: Performance-Based Fee and Side-by- Side Management……..…………………………………..….5 Item 7: Types of Clients…………………………………………………………………………………………………………….5 Item 8: Methods of Analysis, Investment Strategies and Risk of Loss………………………………………..5 Item 9: Disciplinary Information………………………………………………………………………………………………..6 Item 10: Other Financial Industry Activities and Affiliations………………………………………………………7 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading.…7 Item 12: Brokerage Practices…………………………………………………………………………………………………….7 Item 13: Review of Accounts………………………………………………………….………………………………………….8 Item 14: Client Referrals and Other Compensation……………………………………………………………………8 Item 15: Custody………………………………………………………………………………………………………………………..8 Item 16: Investment Discretion………………………………………………………………………………………………….9 Item 17: Proxy Voting of Client Securities……………………..…………………………………………………………..9 Item 18: Financial Information………..…………………………………………………………………………………………9 Item 19: Requirements for State Registered Advisors…………………………………………………..……………9 3  Item 4: Advisory Business The Company Summit Capital, Inc. (Summit) was founded in January, 1998 and is an Ohio based investment advisor that is 100% owned by Karen McDevitt Onorato. Investment Services Summit Capital provides investment management services to individuals, Trusts, and retirement plans. Our strategy predominately uses individual equities, no-load mutual funds, exchange traded funds (ETF’s) and closed end mutual funds but may include investments in corporate debt, municipal securities, United States government obligations and option contacts on securities. Summit will act as an investment advisor and will supervise and direct the investments and make all investment decisions for the client based on the client’s risk aversion. Summit Capital does not provide any financial planning services. Assets Under Management As of December 31, 2025, Summit Capital had approximately $176,573.489 in assets managed on a discretionary basis. Item 5: Fees and Compensation Investment management services are provided based on written agreement. The agreement includes fee schedules, and advisory fees are generally payable quarterly in advance based upon the net value of the account on the last business day of the previous quarter. For accounts opened during the quarter, the net value of assets contributed to the account serves as the basis for the fees for that quarter which is calculated on a prorated basis. As part of the written agreement, Client authorizes the custodian to deduct Summit’s fee directly from the account upon presentation of an appropriate invoice showing the calculation of the fee. Fees are based solely upon a percentage of assets under management. Our Standard Fee Schedule is: 1.5% of the first $500,000 1.0% of the next $1.5 million .75% of the next $1 million .50% of the amount above $3 million For example, if your account is $2.5 million in value, the quarterly fee is calculated by multiplying $500,000 by .015 plus multiplying $1.5 million by .010 plus multiplying $500,000 by .0075, then take the total sum and divide by 4 to arrive at the total due. All of your accounts are grouped when determining fee. The Agreement may be cancelled by either party in accordance with the provisions of the Agreement. If the Agreement is canceled prior to the end of the calendar quarter, the unearned portion of the fee will be returned to the Client. Clients may also terminate the Agreement 4  without incurring any fees within five days of signing. The foregoing describes Summit’s basic fee schedule, however, fees may be negotiable based on the specific nature and scope of the engagement. Your death will not terminate the Investment Management Agreement or authority granted to Summit Capital until we have received actual written notification of your death. Other Fees and Expenses In addition to the fees paid to Summit, Clients may pay other expenses. For example, mutual fund companies and exchange traded funds impose internal fees and expenses on their clients that are separate from the fees paid to Summit. Other expenses such as commissions, transaction fees and custodial fees may also be incurred which are unrelated to the fees collected from Summit. Refer to Item 12: Brokerage Practices. Item 6: Performance – Based Fees and Side-By-Side Management Summit does not receive any performance based fees and does not participate in a share of the capital gains or appreciation of the assets of the client. Item 7: Types of Clients Summit Capital provides investment management services to individuals and institutional investors including trusts, estates, charitable organizations, corporations or other business entities. Summit’s minimum opening balance for new individually managed accounts is $100,000. An individual’s personal account, joint account with spouse, spouse’s account, retirement account and spouse’s retirement account can be aggregated for purposes of meeting the minimum opening balance requirement. Smaller accounts may be accepted by Summit, at its discretion, if related to other accounts under management by Summit, or in other unusual circumstances. Summit reserves the right to accept or reject accounts at its sole discretion. Item 8: Methods of Analysis, Investment Strategies and Risk of Loss Summit Capital will explore and consider investments in various securities such as mutual funds, exchange traded funds, closed end funds, common stocks, preferred stocks, and corporate, municipal and government issued fixed income securities. Exposure to foreign companies and economies may be employed to take advantage of growth opportunities in other regions of the world. 5  Equity Investments When equities are a prudent choice, we attempt to identify the best funds or companies that can be acquired at reasonable prices. When evaluating mutual funds and exchange traded funds a variety of factors will be considered including the underlying portfolio holdings of the fund, the track record and history of the fund manager, and fund expenses. Once a client’s risk profile has been determined and an allocation to equity investments has been decided, Summit will construct a portfolio using a variety equity securities to adequately diversify the equity portion of the client’s portfolio. Fixed Income Investments Summit generally uses mutual funds, exchange traded funds and closed end funds to invest in the fixed income markets. In certain cases Summit will consider individual issues of corporate, municipal and government issued debt for client portfolios. Risks Summit’s investment activities may involve a significant degree of risk. The performance of any investment is subject to numerous factors which are neither within the control of nor predictable by Summit. Such factors include a wide range of economic, political, competitive, technological and other conditions (including acts of terrorism and war) that may affect investments in general or specific industries or companies. The securities markets may be volatile, which may adversely affect the ability of Summit to realize profits. As a result of the nature of Summit’s investing activities, it is possible that the financial performance may fluctuate over time and from period to period. Market or Interest Rate Risk The price of most fixed income securities move in the opposite direction of interest rates. For example, as interest rates rise, the prices of fixed income securities fall. Changes in interest rates will affect the values of fixed income securities. Item 9: Disciplinary Information Legal and Disciplinary Registered Investment Advisors are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of Summit Capital and the integrity of our management of your assets. We have no information that applies to this item. Criminal or Civil Action Registered Investment Advisors are required to disclose all material facts regarding any criminal or civil action events that would be material to your evaluation of Summit Capital and the integrity of our management of your assets. Summit Capital is subject to 3 State of Ohio Tax liens filed with the Cuyahoga County Court of Common Pleas that total $3,214. We have no other information that applies to this item. 6  Administrative Proceeding Registered Investment Advisors are required to disclose all material facts regarding any administrative proceeding that would be material to your evaluation of Summit Capital and the integrity of our management of your assets. We have no information that applies to this item. Self-Regulatory Proceeding Registered Investment Advisors are required to disclose all material facts regarding any Self- Regulatory Organization proceedings that would be material to your evaluation of Summit Capital and the integrity of our management of your assets. We have no information that applies to this item. Item 10: Other Financial Industry Activities and Affiliations There are currently no other financial industry activities or affiliations involving Summit Capital or its principals. Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Summit has adopted a Code of Ethics designed to ensure that employees understand and honor their duty to place interests of investors ahead of their own. A copy of the Code of Ethics will be available to clients and prospective clients upon request. All officers and employees of Summit have their accounts of their immediate family members (together the “Affiliated Accounts”) managed by Summit. The same criteria are applied to the selection of portfolio securities for the Affiliated Accounts as are applied for the accounts of Summit’s clients. Summit’s officers and employees and their family members may hold securities held by Summit’s clients. Securities transactions for the Affiliated Accounts are not aggregated with transactions for client accounts, and are not executed until all orders for clients’ accounts have been executed and trading for client accounts is complete. Item 12: Brokerage Practices Summit recommends brokers or dealers to effect portfolio transactions. In doing so, consideration is given to the proven integrity and financial responsibility of the various firms as well as to their demonstrated execution experience and capability generally and in regard to particular markets or securities and to the competitiveness of the commission rates they charge. Currently all accounts managed by Summit are held in custody with Charles Schwab and all brokerage transactions are executed through Charles Schwab. If a client requests to custody the account at another brokerage firm, Summit will execute transactions through that broker-dealer. 7  Item 13: Review of Accounts Client accounts are reconciled to broker statements on a monthly basis. Accounts are individually reviewed prior to any trading activity. James Onorato, President, or its investment advisor representative, reviews the accounts. Clients receive a report packet at the beginning of each calendar quarter that includes among other things portfolio holdings and cost basis information. Clients are encouraged to review this report and compare it to the statement they receive from their custodian. Item 14: Client Referrals and Other Compensation Economic Benefits Summit Capital does not receive any compensation other than the compensation discussed in Item 5. There currently are no other arrangements, oral or in writing where it directly or indirectly receives compensation for client referrals. Third Party Solicitors Summit Capital may use, employ, or compensate non-employee (outside) consultants, individuals, and/or entities (Solicitors) for client referrals. If your investment advisor relationship is obtained through a Solicitor, you will receive a Solicitor Disclosure Form that will describe the solicitor relationship and the compensation earned by the Solicitor. Your fee will not increase because of the Solicitor relationship. This form will require you to sign the form acknowledging this relationship. Beyond the disclosures provided in this Brochure, we do not receive any compensation from any third party in connection with providing investment advice to you. Item 15: Custody Summit does not have or take custody of any client funds and/or securities. As a result, Summit does not accept securities or forward securities to your brokerage firm or custodian. The only checks accepted as payable to Summit Capital, Inc. are those submitted for payment of advisory fees. You will not give us authority to withdraw securities of funds (other than for payment of advisory fees) from your account. We are deemed to have custody only due to the ability to deduct management fees in accordance with the advisory agreement, but we do not otherwise have any access to client assets. Clients will receive statements directly from their broker dealer or custodian at least quarterly. Clients are urged to carefully review those statements and compare the custodial records to the reports that we provide them. 8  Item 16: Investment Discretion Summit accepts discretionary authority to manage the assets in the client’s account which is given via the client’s written agreement. Summit will supervise and direct the investments and make all investment decisions for the Account. Summit will direct the sale, purchase or trade of any assets as it may deem appropriate, and the reinvestment or holding for reinvestment, of any proceeds of such sales or trades, as it may deem advisable. When using discretionary authority, Summit may act without Client’s prior consent or prior notification, and may issue transaction instructions to the broker dealer and/or custodian. This is subject, to any limitations and restrictions Client may have imposed, or may later impose, by notifying Summit in writing. Item 17: Voting Client Securities We vote proxies of clients that have given us authority to do so. When Summit accepts voting authority for client securities, it will always seek to vote in the best interests of its clients. As a general rule, Summit votes consistent with management recommendations as this is consistent with why securities are purchased as the advisor believes in the company’s management to lead the company. Clients of Summit may obtain the voting record of how we voted on client securities by contacting the firm at phone number or e-mail address listed on the cover page of this brochure. Clients may obtain a copy of the Summit proxy voting policies and procedures upon request. Where Summit does not have voting authority, clients will receive proxies and proxy information or other solicitations about your securities from the account custodian. If you have questions about a particular solicitation, you can contact your representative for advice. You are not obligated to follow your representative’s advice on voting your securities. Item 18: Financial Information Summit has never been the subject of a bankruptcy proceeding and there are no financial commitments that may hinder its ability to meet contractual and fiduciary commitments to clients. Item 19: Requirement for State-Registered Advisors Summit Capital is a SEC Registered Investment Adviser. This item is not applicable to Summit Capital, Inc. 9