SCHEDULE 13G/A: Charles Kohnen Discloses 7.8% Passive Stake in SCI Engineered Materials
Beneficial Ownership Report
Charles Kohnen has filed an amended Schedule 13G, reporting a 7.8% beneficial ownership stake in SCI Engineered Materials, Inc. as of December 31, 2024.
Summary
- The filing is an Amendment No. 5 to Schedule 13G, reporting beneficial ownership in SCI Engineered Materials, Inc. (Issuer).
- The reporting person is Charles Kohnen, a U.S. citizen.
- As of December 31, 2024, Charles Kohnen beneficially owns an aggregate of 358,000 shares of Common Stock.
- This ownership represents 7.8% of the Issuer's Common Stock outstanding.
- The percentage ownership is based on 4,568,127 shares of Common Stock outstanding as of February 13, 2025, as reported by the Issuer in its Annual Report on Form 10-K filed on February 14, 2025.
- Charles Kohnen holds sole voting power and sole dispositive power over 310,000 shares.
- He shares voting power and dispositive power over 48,000 shares with his wife, Angela Kohnen.
- 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, indicating a passive investment.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the company's perceived financial or operational sentiment.
Positives
- A significant individual investor, Charles Kohnen, holds a 7.8% beneficial ownership stake, which may signal confidence in the company's long-term prospects.
Risks
- The filing explicitly states that the securities are not held for the purpose of changing or influencing the control of the issuer, indicating a passive investment strategy which means the beneficial owner will not actively push for corporate changes.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant individual ownership stake, potentially signaling investor confidence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (ownership threshold met or changed). |
| 02/13/2025 | Date as of which 4,568,127 shares of Common Stock were outstanding, as reported by the Issuer in its Form 10-K. |
| 02/14/2025 | Date SCI Engineered Materials, Inc. filed its Annual Report on Form 10-K for the year ended December 31, 2024. |
| 02/17/2025 | Date of signature for the Schedule 13G filing. |
Keywords
SCI Engineered Materials, Charles Kohnen, Schedule 13G, beneficial ownership, passive investment, common stock, SEC filing, shareholder stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.