SEC Form SC 13G/A filed by Key Tronic Corporation (Amendment)

2/1/24 3:39:04 PM ET

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SC 13G/A 1 ktcc-dec2023.txt TIETON CAPITAL MANAGEMENT 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G/A Amendment No. 20 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) Key Tronic Corporation -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 493144109 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tieton Capital Management 20-2956186 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Washington NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 621,151 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 621,151 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 621,151 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% 12. TYPE OF REPORTING PERSON IA Item 1(a). Name of Issuer: Key Tronic Corporation -------------------------------------------------------------------- Item 1(b). Address of Issuer's Principal Executive Offices: North 4424 Sullivan Road Spokane Valley, WA 99216 -------------------------------------------------------------------- Item 2(a). Name of Person Filing: Tieton Capital Management -------------------------------------------------------------------- Item 2(b). Address of Principal Business Office, or if None, Residence: Tieton Capital Management 4700 Tieton Drive, Suite C Yakima, WA 98908 -------------------------------------------------------------------- Item 2(c). Citizenship: Tieton Capital Management - Washington Limited Liability Company -------------------------------------------------------------------- Item 2(d). Title of Class of Securities: Common Stock -------------------------------------------------------------------- Item 2(e). CUSIP Number: 493144109 -------------------------------------------------------------------- Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [_] Broker or dealer registered under Section 15 of the Exchange Act. (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [_] Investment company registered under Section 8 of the Investment Company Act. (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). ----------------------------------------------------------------------- Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Tieton Capital Management - 621,151 shares ----------------------------------------------------------------------- (b) Percent of class: Tieton Capital Management - 5.8% ----------------------------------------------------------------------- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote Tieton Capital Management - 0 ----------------------------------------------------------------- (ii) Shared power to vote or to direct the vote Tieton Capital Management - 621,151 ----------------------------------------------------------------- (iii) Sole power to dispose or to direct the disposition of Tieton Capital Management - 0 ----------------------------------------------------------------- (iv) Shared power to dispose or to direct the disposition of Tieton Capital Management - 621,151 ----------------------------------------------------------------- Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following [ ]. ----------------------------------------------------------------------- Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Tieton Capital Management is a registered investment adviser whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares. ----------------------------------------------------------------------- Item 7. Identification and classification of the subsidiary Which acquired the Security being reported on by the parent holding company or control person. Not applicable ----------------------------------------------------------------------- Item 8. Identification and Classification of Members of the Group. Not applicable ----------------------------------------------------------------------- Item 9. Notice of Dissolution of Group. Not applicable ----------------------------------------------------------------------- Item 10. Certifications. By signing below the Reporting Persons certify that, to the best of their knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. 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. February 1, 2024 Tieton Capital Management By: /s/ William J. Dezellem, CFA Name: William J. Dezellem, CFA Title: Chief Investment Officer & President

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SEC Form SC 13G/A filed by Key Tronic Corporation (Amendment)

2/1/24 3:39:04 PM ET

$KTCC

Electrical Products

Technology

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SEC Form SC 13G/A filed by Key Tronic Corporation (Amendment)

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SEC Form SC 13G/A filed by Key Tronic Corporation (Amendment)

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Insider Purchases

Vice President of Supply Chain Courtney Mark R bought $8,190 worth of shares (3,000 units at $2.73) (SEC Form 4)

Director Gates Craig D bought $103,200 worth of shares (40,000 units at $2.58), increasing direct ownership by 15% to 306,701 units (SEC Form 4)

Director Gates Craig D bought $108,450 worth of shares (45,000 units at $2.41), increasing direct ownership by 20% to 266,701 units (SEC Form 4)

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Insider Trading

Vice President of Supply Chain Courtney Mark R bought $8,190 worth of shares (3,000 units at $2.73) (SEC Form 4)

Director Gates Craig D bought $103,200 worth of shares (40,000 units at $2.58), increasing direct ownership by 15% to 306,701 units (SEC Form 4)

Director Gates Craig D bought $108,450 worth of shares (45,000 units at $2.41), increasing direct ownership by 20% to 266,701 units (SEC Form 4)

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SEC Filings

Key Tronic Corporation filed SEC Form 8-K: Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

SEC Form SD filed by Key Tronic Corporation

SEC Form 10-Q filed by Key Tronic Corporation

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Press Releases

Key Tronic Corporation Announces Fourth Quarter Reporting and Annual Meeting Date

Key Tronic Corporation Announces Results for the Third Quarter of Fiscal Year 2025

Key Tronic Corporation Announces Third Quarter Reporting Date

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Financials

Key Tronic Corporation Announces Fourth Quarter Reporting and Annual Meeting Date

Key Tronic Corporation Announces Results for the Third Quarter of Fiscal Year 2025

Key Tronic Corporation Announces Third Quarter Reporting Date

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Leadership Updates

Key Tronic Corporation Announces Consulting Arrangement With Craig D. Gates

Key Tronic Corporation Announces Leadership Succession Plans

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Large Ownership Changes