Form 4: LSI Industries: Chief Accounting Officer No Longer Subject to Section 16 Reporting

Jeffery S. Bastian, Chief Accounting Officer of LSI Industries, will no longer be subject to Section 16 reporting requirements due to no longer performing functions as defined in Rule 16a-1(f).

Summary

• Jeffery S. Bastian, the Chief Accounting Officer of LSI Industries, will no longer be required to report transactions in issuer securities on Form 4 or Form 5.
• This change is due to Bastian no longer performing the functions outlined in Rule 16a-1(f).
• The change is effective as of the filing date of the form.

Sentiment

Score: 5

Explanation: Neutral filing regarding a change in reporting requirements for an officer; no inherent positive or negative implications.

Management Comments

• The reporting person no longer performs the functions set forth in Rule 16a-1(f).
• As a result, the reporting person is no longer subject to Section 16 in connection with transactions in issuer securities and therefor will no longer report any such transactions on Form 4 or Form 5.

Industry Context

This is a standard regulatory filing related to insider reporting requirements and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The change in reporting requirements for the Chief Accounting Officer has minimal direct impact on stakeholders.

Key Dates