SCHEDULE 13G/A: Thomas A. Satterfield, Jr. Discloses 6.5% Beneficial Ownership in inTEST Corporation

Thomas A. Satterfield, Jr. has filed an amended Schedule 13G, reporting beneficial ownership of 6.5% of inTEST Corporation's common stock as of December 31, 2024.

Summary

• Thomas A. Satterfield, Jr. reported beneficial ownership of 805,000 shares of inTEST Corporation common stock.
• This ownership represents 6.5% of the company's outstanding common stock, calculated based on 12,374,575 shares outstanding as of October 31, 2024, as reported by inTEST Corporation in its Quarterly Report on Form 10-Q.
• Mr. Satterfield holds sole voting power over 70,000 shares and shared voting power over 735,000 shares.
• He also holds sole dispositive power over 70,000 shares and shared dispositive power over 735,000 shares.
• The shared ownership includes 105,000 shares held by Tomsat Investment & Trading Co., Inc., a corporation controlled by Mr. Satterfield; 265,000 shares held by A.G. Family L.P., a partnership managed by a general partner controlled by Mr. Satterfield; and 365,000 shares held by Caldwell Mill Opportunity Fund, LLC, which is managed by an entity where Mr. Satterfield owns a 50% interest and serves as Chief Investment Manager.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without inherent positive or negative implications for the company's operational or financial performance.

Future Outlook

NA

Management Comments

• Thomas A. Satterfield, Jr. certified that, to the best of his knowledge and belief, 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, and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

NA

Stakeholder Impact

• The disclosure of a significant beneficial ownership stake by Thomas A. Satterfield, Jr. provides transparency to existing and potential shareholders regarding the company's ownership structure.

Key Dates

Keywords

inTEST Corporation, Thomas A. Satterfield Jr., Schedule 13G, beneficial ownership, common stock, shareholding, SEC filing