Daniel A. Funk Trims SCI Engineered Materials Stake to 10.0%

TL;DR

**Funk cut his SCI Engineered Materials stake to 10.0%.**

AI Summary

Daniel A. Funk, a significant shareholder in SCI Engineered Materials, Inc., filed an Amendment No. 8 to his SC 13G/A on February 9, 2024, indicating his beneficial ownership of 384,727 shares of common stock as of December 31, 2023. This represents 10.0% of the company's outstanding shares, a decrease from his previous reported ownership. This matters to investors because a reduction in a major shareholder's stake could signal a change in their confidence or investment strategy regarding SCI Engineered Materials, Inc.

Why It Matters

This filing shows a notable individual investor, Daniel A. Funk, has reduced his ownership percentage in SCI Engineered Materials, Inc., which could be interpreted as a bearish signal by other investors.

Risk Assessment

Risk Level: medium — A decrease in a significant shareholder's stake can sometimes precede further selling or indicate a lack of conviction, posing a moderate risk to current or prospective investors.

Analyst Insight

Investors should monitor future filings by Daniel A. Funk and consider the implications of a major shareholder reducing their stake, potentially re-evaluating their own position in SCI Engineered Materials, Inc.

Key Numbers

• 384,727 — Shares Beneficially Owned (Number of shares of SCI Engineered Materials, Inc. common stock beneficially owned by Daniel A. Funk as of December 31, 2023.)
• 10.0% — Percentage of Class (Percentage of SCI Engineered Materials, Inc. common stock beneficially owned by Daniel A. Funk as of December 31, 2023.)
• December 31, 2023 — Date of Event (The date that triggered the requirement for this filing.)

Key Players & Entities

• Daniel A. Funk (person) — Reporting Person, beneficial owner of shares in SCI Engineered Materials, Inc.
• SCI Engineered Materials, Inc. (company) — The issuer of the securities being reported on.
• Porter, Wright, Morris & Arthur (company) — Law firm associated with Daniel A. Funk's mailing address.

Forward-Looking Statements

• Daniel A. Funk will continue to reduce his stake in SCI Engineered Materials, Inc. (Daniel A. Funk) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• d767432dsc13ga.htm (SC 13G/A) — 42KB
• 0001193125-24-029475.txt ( ) — 44KB

From the Filing

SC 13G/A 1 d767432dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 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 (Amendment No. 8)* SCI ENGINEERED MATERIALS, INC. (Name of Issuer) COMMON STOCK, WITHOUT PAR VALUE (Title of Class of Securities) 78402S108 (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: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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. 78402S108 13G Page 2 of 5 Pages 1. Names of Reporting Persons. Daniel A. Funk 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Citizen or Place of Organization: United States Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 384,727 6. Shared Voting Power 0 7. Sole Dispositive Power 384,727 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 384,727 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 8.5% 12. Type of Reporting Person (See Instructions) IN CUSIP No. 78402S108 13G Page 3 of 5 Pages Item1. (a) Name of Issuer: SCI Engineered Materials, Inc. (b) Address of Issuers Principal Executive Offices 2839 Charter Street, Columbus, Ohio 43228 Item2. (a) Name of Person Filing Daniel A. Funk (b) Address of Principal Business Office or, if none, Residence 8997 Terwilligers Ridge Drive, Cincinnati, Ohio, 45249 (c) Citizenship United States (d) Title of Class of Securities Common Stock, without par value (e) CUSIP Number 78402S108 Item3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-l(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3)(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. Institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________ CUSIP No. 78402S108 13G Page 4 of 5 Pages Item4. 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: 384,727 (b) Percent of class: 8.5% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 384,727 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 384,727 (iv) Shared power to dispose or to direct the disposition of 0 Item5. 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 5 percent of the class of securities, check the following Item6. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: Not applicable Item8. Identification and Classification of Members of the Group: Not applicable Item9. Notice of Dissolution of Group: Not applicable Item10. Certifica

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