Filing Details

Accession Number:
0000892251-18-000060
Form Type:
13D Filing
Publication Date:
2018-08-10 13:47:45
Filed By:
Packer Kyle S.
Company:
Nortech Systems Inc (NASDAQ:NSYS)
Filing Date:
2018-08-10
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Kyle S. Packer 8,700 0 8,700 0 8,700 0.32%
Jason R. Herr 35,000 0 35,000 0 35,000 1.29%
Paul B. Luber 56,000 0 56,000 0 56,000 2.07%
Mutiny Fund I 35,000 0 35,000 0 35,000 1.29%
Neal B. Jannol 57,500 0 57,500 0 57,500 2.12%
Garry Anderly 25,855 0 25,855 0 25,855 0.95%
Keith Pieper 515 0 515 0 515 0.02%
Tony Burlingame 50 0 50 0 50 0.002%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Nortech Systems Incorporated
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
656553 104
(CUSIP Number)
Kyle S. Packer
1482 Aqua Vista Drive
Lawrenceburg, Indiana 47025
(513) 703-9311
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

Copies to:
Allison A. Westfall, Esq.
Keating Muething & Klekamp PLL
One East Fourth Street, Suite 1400
Cincinnati, Ohio 45202
(513) 579-6987
August 10, 2018
(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 §240.13d-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
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Kyle S. Packer
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
8,700
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
8,700
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
8,700
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.32%**
 
 
14
TYPE OF REPORTING PERSON*
 
IN
 



CUSIP No. 656553 104
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Jason R. Herr
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
35,000
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
35,000
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
35,000
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.29%**
 
 
14
TYPE OF REPORTING PERSON*
 
IN
 


CUSIP No. 656553 104
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Paul B. Luber
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
56,000
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
56,000
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
56,000
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.07%**
 
 
14
TYPE OF REPORTING PERSON*
 
IN
 


CUSIP No. 656553 104
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Mutiny Fund I, LP
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
35,000
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
35,000
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
35,000
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.29%**
 
 
14
TYPE OF REPORTING PERSON*
 
OO
 


CUSIP No. 656553 104
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Neal B. Jannol
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
57,500
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
57,500
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
57,500
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.12%**
 
 
14
TYPE OF REPORTING PERSON*
 
IN
 


CUSIP No. 656553 104
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Garry Anderly
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
25,855
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
25,855
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
25,855
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.95%**
 
 
14
TYPE OF REPORTING PERSON*
 
IN
 


CUSIP No. 656553 104
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Keith Pieper
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
515
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
515
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
515
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02%**
 
 
14
TYPE OF REPORTING PERSON*
 
IN
 
CUSIP No. 656553 104
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Tony Burlingame
 
 2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 (a) ☐
 (b) ☒
 
 3
SEC USE ONLY
 
 
 4
SOURCE OF FUNDS*
PF
 
 5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) ☐
 
 
 6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 7
SOLE VOTING POWER
50
 
 8
SHARED VOTING POWER
0
 
 9
SOLE DISPOSITIVE POWER
50
 
10
SHARED DISPOSITIVE POWER
0
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
50
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ☐
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.002%**
 
 
14
TYPE OF REPORTING PERSON*
 
IN
 
** Based on the Issuer's last filed Annual Report on Form 10-K filed on March 27, 2018, the Issuer reported 2,704,823 aggregate shares of common stock outstanding.

Item 1.
Security and Issuer
This Statement on Schedule 13D Amendment No. 6 ("Amendment") amends and restates the Schedule 13D filed June 24, 2015 (as amended by Amendment No. 1 filed on July 7, 2015, as further amended by Amendment No. 2 filed on July 30, 2015, as further amended by Amendment No. 3 filed on August 20, 2015, as further amended by Amendment No. 4 filed on June 17, 2016, and as further amended by Amendment No. 5 filed on June 28, 2016, collectively the "Schedule 13D") by Kyle S. Packer, Jason R. Herr, Paul B. Luber and Mutiny Fund I, LP (collectively, the "Original Reporting Persons") relating to the shares of the common stock, par value $0.01 per share (the "Common Stock") of Nortech Systems Incorporated, a Minnesota corporation whose principal executive offices are located at 7550 Meridian Circle N, Maple Grove, MN 55369 (the "Issuer"). The Original Reporting Persons as well as Neal B. Jannol, a United States citizen, Garry Anderly, a United States citizen, Keith Pieper, a United States citizen, and Tony Burlingame, a United States citizen, are each a "Reporting Person" and are collectively referred to herein as the "Reporting Persons". Unless otherwise indicated, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D, and unless amended or supplemented hereby, all information previously filed remains in effect.
Item 4.
Purpose of Transaction
Over three years ago, the Original Reporting Persons filed their initial Schedule 13D expressing their concerns regarding revenues, earnings and management of the Issuer. Over the course of three years, the Reporting Persons have continued to believe that the Issuer's poor financial performance can be improved to create greater long-term value for the Issuer's shareholders but see no meaningful change in the Issuer's management's mindset. Accordingly, as of August 10, 2018, the Reporting Persons are terminating their Schedule 13D. Pursuant to the Group Termination Agreement entered into by the Reporting Persons, which is attached hereto as Exhibit 99.15 and incorporated herein by reference, each of the undersigned are no longer members of a Section 13(d) group and shall cease to be a Reporting Person immediately after the filing of this Amendment.
Item 7.
Material to Be Filed as Exhibits
99.1

99.2

99.3

99.3

99.4

99.5

99.6

99.7

99.8

99.9

99.10

99.11

99.12

99.13
 
 
99.15
Group Termination Agreement, dated August 10, 2018 (filed herewith)

 

SIGNATURE

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.
 
   
KYLE S. PACKER
     
   
By: /s/ Kyle S. Packer
   
Date: August 10, 2018
     
   
JASON R. HERR
     
   
By:  /s/ Jason R. Herr
   
Date: August 10, 2018
     
   
PAUL B. LUBER
     
   
By: /s/ Paul B. Luber
   
Date: August 10, 2018
     
   
MUTINY FUND I, LP
     
   
By: Mutiny Capital, LLC
Its: General Partner
     
   
By:  /s/ Kyle S. Packer
   
Its: Managing Member
   
Date: August 10, 2018
     
   
NEAL B. JANNOL
     
   
By: /s/ Neal B. Jannol
   
Date: August 10, 2018
     
   
GARRY ANDERLY
     
   
By:  /s/ Garry Anderly
   
Date: August 10, 2018
     
   
KEITH PIEPER
     
   
By: /s/ Keith Pieper
   
Date: August 10, 2018
     
   
TONY BURLINGAME
     
   
By: /s/ Tony Burlingame
   
Date: August 10, 2018

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.