UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Nortech Systems Incorporated
(Name of Issuer)
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
(Title of Class of Securities)
656553 104
(CUSIP Number)
(CUSIP Number)
Kyle S. Packer
1482 Aqua Vista Drive
Lawrenceburg, Indiana 47025
(513) 703-9311
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Authorized to Receive Notices and Communications)
Copies to:
Allison A. Westfall, Esq.
Keating Muething & Klekamp PLL
One East Fourth Street, Suite 1400
Cincinnati, Ohio 45202
(513) 579-6987
August 20, 2015
(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. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
*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).
CUSIP No. 656553 104 | |||||||
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Kyle S. Packer | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)☑ (b)☐ | ||||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* PF | ||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 8,700 | |||||
8 | SHARED VOTING POWER 0 | ||||||
9 | SOLE DISPOSITIVE POWER 8,700 | ||||||
10 | SHARED DISPOSITIVE POWER 0 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,700 | ||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.31% | ||||||
14 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 656553 104 | |||||||
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jason R. Herr | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)☑ (b)☐ | ||||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* PF | ||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 35,000 | |||||
8 | SHARED VOTING POWER 0 | ||||||
9 | SOLE DISPOSITIVE POWER 35,000 | ||||||
10 | SHARED DISPOSITIVE POWER 0 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,000 | ||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.27% | ||||||
14 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 656553 104 | |||||||
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Paul B. Luber | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)☑ (b)☐ | ||||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* PF | ||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 56,000 | |||||
8 | SHARED VOTING POWER 0 | ||||||
9 | SOLE DISPOSITIVE POWER 56,000 | ||||||
10 | SHARED DISPOSITIVE POWER 0 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 56,000 | ||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.04% | ||||||
14 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 656553 104 | |||||||
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Mutiny Fund I, LP | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)☑ (b)☐ | ||||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* PF | ||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 35,000 | |||||
8 | SHARED VOTING POWER 0 | ||||||
9 | SOLE DISPOSITIVE POWER 35,000 | ||||||
10 | SHARED DISPOSITIVE POWER 0 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,000 | ||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.27% | ||||||
14 | TYPE OF REPORTING PERSON* OO |
CUSIP No. 656553 104 | |||||||
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Neal B. Jannol | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)☑ (b)☐ | ||||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* PF | ||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 57,500 | |||||
8 | SHARED VOTING POWER 0 | ||||||
9 | SOLE DISPOSITIVE POWER 57,500 | ||||||
10 | SHARED DISPOSITIVE POWER 0 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,500 | ||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.09% | ||||||
14 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 656553 104 | |||||||
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Garry Anderly | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)☑ (b)☐ | ||||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* PF | ||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 25,855 | |||||
8 | SHARED VOTING POWER 0 | ||||||
9 | SOLE DISPOSITIVE POWER 25,855 | ||||||
10 | SHARED DISPOSITIVE POWER 0 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,855 | ||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.94% | ||||||
14 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 656553 104 | |||||||
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Keith Pieper | ||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)☑ (b)☐ | ||||||
3 | SEC USE ONLY | ||||||
4 | SOURCE OF FUNDS* PF | ||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐ | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 515 | |||||
8 | SHARED VOTING POWER 0 | ||||||
9 | SOLE DISPOSITIVE POWER 515 | ||||||
10 | SHARED DISPOSITIVE POWER 0 | ||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 515 | ||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.02% | ||||||
14 | TYPE OF REPORTING PERSON* IN |
Item 1. | Security and Issuer |
This Statement on Schedule 13D Amendment No. 3 ("Amendment") amends and restates the Schedule 13D filed June 24, 2015 (as amended by Amendment No. 1 filed on July 7, 2015, and as further amended by Amendment No. 2 filed on July 30, 2015, collectively the "Schedule 13D") by Kyle S. Packer, Jason R. Herr, Paul B. Luber and Mutiny Fund I, LP (collectively, the Original Reporting Persons") relating to the shares of the common stock, par value $0.01 per share (the "Common Stock") of Nortech Systems Incorporated, a Minnesota corporation whose principal executive offices are located at 1120 Wayzata Blvd. E., Suite 201, Wayzata, Minnesota 55391 (the "Issuer"). The Original Reporting Persons as well as Neal B. Jannol, a United States citizen, Garry Anderly, a United States citizen, and Keith Pieper, a United States citizen, are each a "Reporting Person" and are collectively referred to herein as the "Reporting Persons". Unless otherwise indicated, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D, and unless amended or supplemented hereby, all information previously filed remains in effect.
Item 2. | Identity and Background |
Item 2 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
(a)-(c) This Schedule 13D is being filed jointly by the following Reporting Persons:
· | Keith Pieper, a citizen of the United States of America, whose principal residence address is 3258 West Moore Road, Tucson, Arizona 85742 with a telephone number of (520) 219-8285. Mr. Pieper is retired from senior management at EMS Contract Manufacturers. |
(f) Mr. Pieper is a citizen of the United States of America.
Item 3. | Source and Amount of Funds or Other Consideration |
Item 3 of the Schedule 13D is hereby amended and restated as follows:
The Reporting Persons acquired the combined 218,570 shares of the Issuer's Common Stock through open-market purchases using personal funds and, in the case of Mutiny Fund I, LP using personal funds of its limited partners.
Item 4. | Purpose of Transaction |
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
During the week of August 10th, 2015, Mr. Luber and Mr. Packer were contacted by Mr. Keith Pieper, a former executive with the Issuer who at the time was unaffiliated with the Original Reporting Persons. Mr. Pieper indicated that he had read the Schedule 13D filing and shared views similar to those expressed therein about the Issuer's performance. Mr. Pieper expressed a desire to assist the Original Reporting Person's efforts to effect change in the Issuer.
On August 18th, 2015, the Original Reporting Persons formally asked Mr. Pieper to join their Section 13(d) group. Mr. Pieper accepted this offer.
Item 5. | Interest in Securities of the Issuer |
Item 5 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
(d) As of the date hereof, Keith Pieper may be deemed to be the beneficial owner of 515 shares of Common Stock, constituting 0.02%, based upon 2,746,325 shares outstanding as of the date hereof.
Item 7. | Material to Be Filed as Exhibits |
99.1 | Joint Filing Agreement (incorporated by reference to the Schedule 13D filed by the Original Reporting Persons on June 24, 2015) |
99.2 | Power of Attorney for Kyle S. Packer (incorporated by reference to the Schedule 13D filed by the Original Reporting Persons on June 24, 2015) |
99.3 | Power of Attorney for Jason R. Herr (incorporated by reference to the Schedule 13D filed by the Original Reporting Persons on June 24, 2015) |
99.3 | Power of Attorney for Paul B. Luber (incorporated by reference to the Schedule 13D filed by the Original Reporting Persons on June 24, 2015) |
99.4 | Power of Attorney for Mutiny Fund I, LP (incorporated by reference to the Schedule 13D filed by the Original Reporting Persons on June 24, 2015) |
99.5 | Letter to Board of Directors and CEO of Nortech Systems Incorporated (incorporated by reference to the Schedule 13D filed by the Original Reporting Persons on June 24, 2015) |
99.6 | Restated Joint Filing Agreement (incorporated by reference to Amendment No. 1 to the Schedule 13D filed by the Original Reporting Persons and Neal B. Jannol on July 7, 2015) |
99.7 | Power of Attorney for Neal B. Jannol (incorporated by reference to Amendment No. 1 to the Schedule 13D filed by the Original Reporting Persons and Neal B. Jannol on July 7, 2015) |
99.8 | Second Restated Joint Filing Agreement (incorporated by reference to Amendment No. 2 to the Schedule 13D filed by the Original Reporting Persons and Garry Anderly on July 30, 2015) |
99.9 | Power of Attorney for Garry Anderly (incorporated by reference to Amendment No. 2 to the Schedule 13D filed by the Original Reporting Persons and Garry Anderly on July 30, 2015) |
99.10 | Power of Attorney for Keith Pieper (filed herewith) |
99.11 | Third Restated Joint Filing Agreement (filed herewith) |
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.
KYLE S. PACKER | ||
By: /s/ Kyle S. Packer | ||
Date: August 20, 2015 | ||
JASON R. HERR | ||
By: /s/ Jason R. Herr | ||
Date: August 20, 2015 | ||
PAUL B. LUBER | ||
By: /s/ Paul B. Luber | ||
Date: August 20, 2015 | ||
MUTINY FUND I, LP | ||
By: Mutiny Capital, LLC | ||
Its: General Partner | ||
By: /s/ Kyle S. Packer | ||
Its: Managing Member | ||
Date: August 20, 2015 | ||
NEAL B. JANNOL | ||
By: /s/ Neal B. Jannol | ||
Date: August 20, 2015 | ||
GARRY ANDERLY | ||
By: /s/ Garry Anderly | ||
Date: August 20, 2015 | ||
KEITH PIEPER | ||
By: /s/ Keith Pieper | ||
Date: August 20, 2015 |
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.