SCHEDULE 13G/A: R Ted Weschler Amends Passive Stake in Optical Cable Corporation, Holding 4.9% of Common Stock
Beneficial Ownership Disclosure
R Ted Weschler has filed an Amendment No. 3 to Schedule 13G, disclosing a passive beneficial ownership of 403,500 shares, representing 4.9% of Optical Cable Corporation's common stock as of March 31, 2025.
Summary
- R Ted Weschler beneficially owns 403,500 shares of Optical Cable Corporation's Common Stock.
- This ownership represents 4.9% of the total class of securities.
- The filing is an Amendment No. 3 to Schedule 13G, indicating a passive investment purpose.
- Mr. Weschler holds sole voting power and sole dispositive power over all 403,500 shares.
- The securities were not acquired for the purpose of changing or influencing the control of the issuer.
- Certain reported securities are held in accounts for the benefit of family members, none of whom individually own more than 5% of the issuer's outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual, routine ownership disclosure (Schedule 13G) and does not contain information that would significantly alter the sentiment towards the company. It confirms a passive stake by a notable investor, which is neutral to slightly positive.
Positives
- Confirms a notable investor, R Ted Weschler, maintains a significant passive stake in Optical Cable Corporation, potentially signaling long-term confidence.
Future Outlook
The Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Optical Cable Corporation's future performance or strategic direction.
Industry Context
This filing is a routine ownership disclosure and does not provide specific insights into broader industry trends or competitive dynamics within the optical cable sector. It primarily reflects an individual investor's passive stake in the company.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive investor's stake, confirming a notable individual's continued interest in the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement. |
| 05/15/2025 | Date of signature for the Schedule 13G Amendment No. 3 filing. |
Keywords
Optical Cable Corporation, OCC, R Ted Weschler, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Shareholding
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