Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
NORTECH SYSTEMS INCORPORATED
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
656553 104
(CUSIP Number)
Curtis Squire, Inc.
7777 Golden Triangle Dr., Suite 150
Eden Prairie MN 55344
Phone: (952) 918-4166
_______________________________________________
Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 26, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 656553 104
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1. Names of Reporting Persons. |
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Curtis Squire, Inc. |
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2. Check the Appropriate Box if a Member of a Group |
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(a) ☐ |
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(b) ☐ |
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3. SEC Use Only |
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4. Source of Funds OO |
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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☐ |
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6. Citizenship or Place of Organization |
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Minnesota |
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7. Sole Voting Power |
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1,300,066 |
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| Number of Shares |
8. Shared Voting Power |
| Beneficially | |
| Owned by | |
| Each Reporting |
9. Sole Dispositive Power |
| Person With: |
1,300,066 |
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10. Shared Dispositive Power |
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11. Aggregate Amount Beneficially Owned by Each Reporting Person |
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1,300,066 |
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares |
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☐ |
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13. Percent of Class Represented by Amount in Row (11) |
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48.38% |
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14. Type of Reporting Person |
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CO |
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CUSIP No. 656553 104
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1. Names of Reporting Persons. |
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Anita Kunin |
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2. Check the Appropriate Box if a Member of a Group |
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(a) ☐ |
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(b) ☐ |
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3. SEC Use Only |
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4. Source of Funds PF, OO |
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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☐ |
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6. Citizenship or Place of Organization |
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Minnesota |
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7. Sole Voting Power |
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49,269 |
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| Number of Shares |
8. Shared Voting Power |
| Beneficially |
1,300,066 |
| Owned by | |
| Each Reporting |
9. Sole Dispositive Power |
| Person With: |
49,269 |
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10. Shared Dispositive Power |
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1,300,066 |
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11. Aggregate Amount Beneficially Owned by Each Reporting Person |
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1,349,335 |
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares |
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☐ |
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13. Percent of Class Represented by Amount in Row (11) |
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50.22% |
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14. Type of Reporting Person |
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IN |
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CUSIP No. 656553 104
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1. Names of Reporting Persons. |
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David Kunin |
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2. Check the Appropriate Box if a Member of a Group |
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(a) ☐ |
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(b) ☐ |
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3. SEC Use Only |
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4. Source of Funds OO |
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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☐ |
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6. Citizenship or Place of Organization |
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Minnesota |
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7. Sole Voting Power |
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36,939 |
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| Number of Shares |
8. Shared Voting Power |
| Beneficially |
1,300,066 |
| Owned by | |
| Each Reporting |
9. Sole Dispositive Power |
| Person With: |
36,939 |
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10. Shared Dispositive Power |
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1,300,066 |
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11. Aggregate Amount Beneficially Owned by Each Reporting Person |
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1,337,005 |
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares |
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☐ |
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13. Percent of Class Represented by Amount in Row (11) |
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49.76% |
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14. Type of Reporting Person |
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IN |
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CUSIP No. 656553 104
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1. Names of Reporting Persons. |
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James Timothy Kunin |
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2. Check the Appropriate Box if a Member of a Group |
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(a) ☐ |
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(b) ☐ |
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3. SEC Use Only |
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4. Source of Funds AF, OO |
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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☐ |
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6. Citizenship or Place of Organization |
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Minnesota |
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7. Sole Voting Power |
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0 |
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| Number of Shares |
8. Shared Voting Power |
| Beneficially |
1,300,066 |
| Owned by | |
| Each Reporting |
9. Sole Dispositive Power |
| Person With: |
0 |
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10. Shared Dispositive Power |
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1,300,066 |
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11. Aggregate Amount Beneficially Owned by Each Reporting Person |
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1,300,066 |
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares |
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☐ |
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13. Percent of Class Represented by Amount in Row (11) |
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48.38% |
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14. Type of Reporting Person |
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IN |
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CUSIP No. 656553 104
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1. Names of Reporting Persons. |
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Andrew Kunin |
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2. Check the Appropriate Box if a Member of a Group |
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(a) ☐ |
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(b) ☐ |
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3. SEC Use Only |
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4. Source of Funds AF |
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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☐ |
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6. Citizenship or Place of Organization |
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Minnesota |
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7. Sole Voting Power |
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22,000 |
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| Number of Shares |
8. Shared Voting Power |
| Beneficially |
1,300,066 |
| Owned by | |
| Each Reporting |
9. Sole Dispositive Power |
| Person With: |
22,000 |
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10. Shared Dispositive Power |
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1,300,066 |
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11. Aggregate Amount Beneficially Owned by Each Reporting Person |
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1,322,066 |
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares |
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☐ |
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13. Percent of Class Represented by Amount in Row (11) |
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49.20% |
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14. Type of Reporting Person |
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IN |
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CUSIP No. 656553 104
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1. Names of Reporting Persons. |
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William Kunin |
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2. Check the Appropriate Box if a Member of a Group |
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(a) ☐ |
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(b) ☐ |
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3. SEC Use Only |
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4. Source of Funds AF |
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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☐ |
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6. Citizenship or Place of Organization |
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Minnesota |
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7. Sole Voting Power |
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22,000 |
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| Number of Shares |
8. Shared Voting Power |
| Beneficially |
1,300,066 |
| Owned by | |
| Each Reporting |
9. Sole Dispositive Power |
| Person With: |
22,000 |
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10. Shared Dispositive Power |
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1,300,066 |
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11. Aggregate Amount Beneficially Owned by Each Reporting Person |
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1,322,066 |
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares |
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☐ |
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13. Percent of Class Represented by Amount in Row (11) |
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49.20% |
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14. Type of Reporting Person |
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IN |
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ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to shares of the Common Stock, $.01 par value, of Nortech Systems Incorporated, a Minnesota corporation (the “Issuer” or the “Company”). The address of the principal executive offices of the Issuer is 7550 Meridian Circle N, Suite 150, Maple Grove MN 55369.
ITEM 2. IDENTITY AND BACKGROUND
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(a) |
This Schedule 13D is being filed jointly by |
● Curtis Squire, Inc., a Minnesota corporation
● Anita Kunin, an individual, a Vice President, and a director of Curtis Squire, Inc.
● David Kunin, an individual, President and a director of Curtis Squire, Inc. and a director of the Issuer
● James Timothy Kunin, an individual, a Vice President, and a director of Curtis Squire, Inc.
● Andrew Kunin, an individual, a Vice President, and a director of Curtis Squire, Inc.
● William Kunin, an individual, a Vice President, and a director of Curtis Squire, Inc.
Anita Kunin is the mother of David Kunin, James Timothy Kunin, Andrew Kunin and William Kunin.
(b) The principal office and place of business for all of the Reporting Persons is 7777 Golden Triangle Dr., Suite 150 Eden Prairie MN 55344.
(c) See item (a) above.
(d) - (e) During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) nor have the parties been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such individual was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting, or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Anita Kunin, David Kunin, James Kunin, Andrew Kunin, and William Kunin are citizens of the United States of America. Curtis Squire, Inc. is a Minnesota corporation.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The shares of Issuer reported herein were originally held by founder, Myron Kunin. As personal representative of Myron Kunin’s
estate, Anita Kunin transferred 1,344,066 shares to Curtis Squire, Inc., and 49,269 shares were transferred to Ms. Kunin individually. Curtis Squire, Inc. subsequently transferred 22,000 shares to each Andrew Kunin and William Kunin.
ITEM 4. PURPOSE OF TRANSACTION
David Kunin is a director of the Issuer. David Kunin has established a 10b5-1 trading plan pursuant to which he may acquire additional shares of the Issuer. Curtis Squire, Inc. and Anita Kunin are each holding the securities for investment
purposes.
The Reporting Persons do not have any plans or proposals, which relate to, or would result in, any of the matters referred to in paragraphs (b) through (j), inclusive of Item (4) of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) - (b) David Kunin, the President and a director of Curtis Squire, Inc., is a director of the Issuer. He beneficially owns and has
shared voting and dispositive power over 1,300,066 shares held by Curtis Squire, Inc.
Anita Kunin, Vice President and a director of Curtis Squire, Inc. She beneficially owns and has shared voting and dispositive power over 1,300,066 shares held by Curtis Squire, Inc. and beneficially owns and has sole voting and dispositive power over 49,269 shares held by her individually.
James Kunin, Andrew Kunin, and William Kunin are all Vice Presidents and directors of Curtis Squire, Inc. and share voting and dispositive power over 1,300,066 shares held by Curtis Squire, Inc.
Anita Kunin is the mother of David Kunin, James Kunin, Andrew Kunin, and William Kunin.
Curtis Squire, Inc. is deemed to beneficially own 48.38% of the shares outstanding and Anita Kunin is deemed to beneficially own
50.22% of the shares outstanding, based upon 2,686,922 shares outstanding as of July 8, 2019.
(c) Curtis Squire, Inc. distributed 22,000 shares of the Issuer to each Andrew Kunin and William Kunin effective June 26, 2019. Such shares were distributed to such individuals as shareholders of Curtis Squire, Inc. for no payment.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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Exhibit No. |
Description |
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| 99.1 | Joint Filing Agreement by and among the Reporting Persons, dated July 18, 2019. |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: July 18, 2019
CURTIS SQUIRE, INC.
By: /s/ David Kunin
David Kunin
President
/s/ Anita Kunin
Anita Kunin
/s/ David Kunin
David Kunin
/s/ James Timothy Kunin
James Timothy Kunin
/s/ Andrew Kunin
Andrew Kunin
/s/ William Kunin
William Kunin