SCHEDULE: Radoff Entities Update Ascent Industries Stake
Beneficial Ownership Update
The Radoff Family Foundation and Bradley L. Radoff updated their passive beneficial ownership in Ascent Industries Co., holding 0.6% and 3.7% respectively.
Summary
- Radoff Family Foundation and Bradley L. Radoff filed an Amendment No. 1 to their Schedule 13G, updating their beneficial ownership in Ascent Industries Co.
- As of June 30, 2025, Radoff Family Foundation directly owned 60,000 shares of Ascent Industries Co. Common Stock, representing approximately 0.6% of the outstanding shares.
- Bradley L. Radoff directly owned 290,000 shares and may be deemed to beneficially own the 60,000 shares held by Radoff Family Foundation, totaling an aggregate of 350,000 shares.
- Bradley L. Radoff's aggregate beneficial ownership represents approximately 3.7% of the outstanding shares.
- The percentages are based on 9,500,994 shares outstanding as of May 16, 2025, following the Issuer's 10b5-1 share repurchase program.
- The Reporting Persons certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a routine beneficial ownership update (Schedule 13G Amendment), indicating a passive stake. It contains no positive or negative financial or operational news, thus maintaining a neutral sentiment.
Future Outlook
This filing is a beneficial ownership statement and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine disclosure of passive beneficial ownership and does not provide specific insights into broader industry trends or competitive dynamics. It indicates continued investment by the Radoff entities in Ascent Industries Co.
Stakeholder Impact
- Shareholders: Provides transparency regarding the ownership stake of Radoff Family Foundation and Bradley L. Radoff, confirming their passive investment position.
Key Dates
| Date | Description |
|---|---|
| 2024-09-20 | Date of previous Schedule 13G filing by the Reporting Persons. |
| 2025-05-16 | Date as of which 9,500,994 shares of Ascent Industries Co. Common Stock were outstanding, following a share repurchase program. |
| 2025-06-30 | Date of event which requires the filing of this statement, reflecting the beneficial ownership percentages. |
| 2025-08-13 | Date of signing and filing of this Schedule 13G Amendment No. 1. |
Keywords
beneficial ownership, SEC filing, Schedule 13G, Ascent Industries Co., Radoff Family Foundation, Bradley L. Radoff, common stock, passive investment
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