Filing Details

Names of Reporting Persons

Ollin B. Sykes

Source of Funds (See Instructions)

PF and WC (See Item 3)

Citizenship or Place of Organization

United States

Sole Dispositive Power

2,353,449 ⁽¹⁾

Shared Dispositive Power

45,787 ⁽²⁾

Aggregate Amount Beneficially Owned by Each Reporting Person

2,399,236 ⁽¹⁾⁽²⁾

Percent of Class Represented by Amount in Row (11)

8.02% ⁽³⁾

Type of Reporting Person (See Instructions)

IN

Names of Reporting Persons

Sykes & Company Profit Sharing Plan and Trust

Source of Funds (See Instructions)

WC (See Item 3)

Citizenship or Place of Organization

United States

Sole Dispositive Power

1,377,170

Shared Dispositive Power

0

Aggregate Amount Beneficially Owned by Each Reporting Person

1,377,170

Percent of Class Represented by Amount in Row (11)

4.60% ⁽³⁾

Type of Reporting Person (See Instructions)

EP

Names of Reporting Persons

Lou S. Sykes

Source of Funds (See Instructions)

PF (See Item 3)

Citizenship or Place of Organization

United States

Sole Dispositive Power

0

Shared Dispositive Power

45,787

Aggregate Amount Beneficially Owned by Each Reporting Person

45,787

Percent of Class Represented by Amount in Row (11)

0.15% ⁽³⁾

Type of Reporting Person (See Instructions)

IN

(a)  This Statement is being jointly filed by Ollin B. Sykes (“Mr. Sykes”), the Sykes & Company PA 401(k) Profit Sharing Plan UA January 1, 1985 (the “Plan”) and Lou S. Sykes (“Ms. Sykes”). Mr. Sykes, the Plan and Ms. Sykes are referred to collectively as the “Reporting Persons.”

(b) The principal business address of Mr. Sykes is 401 E. Church Street Ext., Floor 3, Edenton, NC 27932. The principal business address of the Plan is 401 E. Church Street Ext., Floor 3, Edenton, NC 27932. The principal address of Ms. Sykes is c/o Ollin B. Sykes, 401 E. Church Street Ext., Floor 3, Edenton, NC 27932.

(c) The principal business occupation of Mr. Sykes is President of Sykes & Company, P.A. Sykes & Company, P.A. is an accounting firm located at 401 E. Church Street Ext., Floor 3, Edenton, NC 27932. The principal business of the Plan is investing in securities.

(d)-(e)  During the last five years, none of the Reporting Persons have been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) Mr. Sykes and Ms. Sykes are citizens of the United States of America.

All of the Common Shares beneficially owned by the Reporting Persons were acquired for investment purposes, and in the case of Mr. Sykes, as consideration for his services as a director of the Issuer. As of the date of this statement, the Reporting Person does not have any plans or proposals that would result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D except as set forth herein.

Interest in Securities of the Issuer

(a)

(i) Mr. Sykes beneficially owns 2,399,236 Common Shares, representing approximately 8.02% of issued and outstanding Common Shares.

(ii) The Plan beneficially owns 1,377,170 Common Shares, representing approximately 4.60% of issued and outstanding Common Shares.

(iii) Ms. Sykes beneficially owns 45,787 Common Shares, representing approximately 0.15% of issued and outstanding Common Shares.

The percentages are computed based on 29,913,095 Common Shares issued and outstanding as of June 30, 2021.

(b)

(i) Mr. Sykes has sole voting and dispositive power with respect to 2,353,449 Common Shares, which includes the 591,779 Common Shares held by Mr. Sykes, the 138,000 Common Shares held in Mr. Sykes’ SEP IRA, the 95,358 Common Shares held in Mr. Sykes’ Roth IRA, the 106,500 Common Shares held in Mr. Sykes’ traditional IRA, his options to purchase an aggregate of 44,642 Common Shares (which become exercisable on November 19, 2021), and the 1,377,170 Common Shares held by the Plan of which he is the trustee. Mr. Sykes may be deemed to have shared voting and dispositive power with respect to 45,787 Common Shares held by Ms. Sykes, his spouse.

(ii) The Plan has sole voting and dispositive power with respect to 1,377,170 Common Shares. As trustee of the Plan, Mr. Sykes may be deemed to have voting and dispositive power with respect to such shares.

(iii) Ms. Sykes has shared voting and dispositive power with respect to 45,787 Common Shares. Mr. Sykes, as her spouse, may be deemed to have shared voting and dispositive power with respect to such shares.

(c)

(i) On June 15, 2021, the Plan purchased an aggregate of 5,000 Common Shares in open market broker transactions at a price of $2.65 per share.

(ii) On June 16, 2021, the Plan purchased an aggregate of 10,000 Common Shares in open market broker transactions at a price of $2.65 per share.

(iii) On September 15, 2021, the Plan purchased an aggregate of 585 Common Shares in open market broker transactions at prices ranging from $2.70 to $2.74, inclusive, with a weighted average price of $2.70 per share.

(iv) On September 15, 2021, Mr. Sykes exercised the following options to purchase an aggregate of 85,465 Common Shares: (i) options to purchase an aggregate of 50,005 Common Shares at an exercise price of $0.9999 per share, granted on November 8, 2018; and (ii) options to purchase an aggregate of 35,460 Common Shares at an exercise price of $1.4100 per share, granted on November 21, 2019.

(v) On September 16, 2021, the Plan purchased an aggregate of 5,585 Common Shares in open market broker transactions at a price of $2.74 per share.

(d) Not applicable.

(e) Not applicable.