[SCHEDULE 13G] Orion Energy Systems, Inc. SEC Filing
Kathleen M. Connors reported beneficial ownership of 2,657,620 shares of Orion Energy Systems, Inc. (Common Stock), representing approximately 7.52% of the outstanding class. The holding comprises 2,634,928 shares held directly and 22,692 shares held by the Kathleen M. Connors 2019 Revocable Trust, over which she has sole voting and dispositive power. The percentage is calculated using an aggregate share count of 35,337,240 common shares, which reflects 33,688,163 shares outstanding as of June 10, 2025, plus 1,649,077 shares issued to Ms. Connors on July 16, 2025. The filer certifies the shares were not acquired to change or influence control of the issuer.
Kathleen M. Connors ha dichiarato la propriet脿 beneficiaria di 2.657.620 azioni di Orion Energy Systems, Inc. (Common Stock), pari a circa 7,52% della classe in circolazione. La partecipazione comprende 2.634.928 azioni detenute direttamente e 22.692 azioni detenute dal Kathleen M. Connors 2019 Revocable Trust, sul quale esercita il pieno potere di voto e disposizione. La percentuale 猫 calcolata su un totale aggregato di 35.337.240 azioni ordinarie, risultato di 33.688.163 azioni in circolazione alla data del 10 giugno 2025, pi霉 1.649.077 azioni emesse in favore della Sig.ra Connors il 16 luglio 2025. Il dichiarante attesta che le azioni non sono state acquistate con l鈥檌ntento di modificare o influenzare il controllo dell鈥檈mittente.
Kathleen M. Connors inform贸 la propiedad beneficiaria de 2.657.620 acciones de Orion Energy Systems, Inc. (Common Stock), que representan aproximadamente el 7,52% de la clase en circulaci贸n. La tenencia incluye 2.634.928 acciones en propiedad directa y 22.692 acciones en el Kathleen M. Connors 2019 Revocable Trust, sobre el cual ella tiene poder exclusivo de voto y disposici贸n. El porcentaje se calcula usando un conteo agregado de 35.337.240 acciones ordinarias, que refleja 33.688.163 acciones en circulaci贸n al 10 de junio de 2025, m谩s 1.649.077 acciones emitidas a la Sra. Connors el 16 de julio de 2025. El declarante certifica que las acciones no se adquirieron para cambiar o influir en el control del emisor.
Kathleen M. Connors電� Orion Energy Systems, Inc.(氤错喌欤�) 欤检嫕 2,657,620欤检潣 鞁れ鞝� 靻岇湢毳� 鞁犼碃頄堨溂氅�, 鞚措姅 氚滍枆 欤检嫕鞚� 鞎� 7.52%鞐� 頃措嫻頃╇媹雼�. 氤挫湢 雮挫棴鞚� 歆侅爲 氤挫湢頃� 2,634,928欤检檧 Kathleen M. Connors 2019 Revocable Trust臧� 氤挫湢頃� 22,692欤茧 甑劚霅橂┌, 攴鸽厐電� 頃措嫻 鞁犿儊鞐� 雽�頃� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓岇潉 氤挫湢頃╇媹雼�. 牍勳湪鞚� 齑� 35,337,240欤检潣 氤错喌欤� 頃╆硠搿� 瓿勳偘霅橃棃鞙茧┌, 鞚措姅 2025雲� 6鞗� 10鞚� 旮办 鞙犿喌欤检嫕 33,688,163欤检棎 2025雲� 7鞗� 16鞚� Connors鞌棎瓴� 氚滍枆霅� 1,649,077欤茧ゼ 雿旐暅 靾橃箻鞛呺媹雼�. 鞝滌稖鞚胳潃 欤检嫕鞚� 氚滍枆鞛愳潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼鞚� 氙胳箻旮� 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 歃濍獏頃╇媹雼�.
Kathleen M. Connors a d茅clar茅 la propri茅t茅 b茅n茅ficiaire de 2 657 620 actions d鈥橭rion Energy Systems, Inc. (actions ordinaires), repr茅sentant environ 7,52% de la cat茅gorie en circulation. La participation comprend 2 634 928 actions d茅tenues directement et 22 692 actions d茅tenues par le Kathleen M. Connors 2019 Revocable Trust, sur lesquelles elle exerce seul le pouvoir de vote et de disposition. Le pourcentage est calcul茅 en utilisant un total agr茅g茅 de 35 337 240 actions ordinaires, soit 33 688 163 actions en circulation au 10 juin 2025, plus 1 649 077 actions attribu茅es 脿 Mme Connors le 16 juillet 2025. Le d茅clarant certifie que les actions n鈥檕nt pas 茅t茅 acquises dans le but de modifier ou d鈥檌nfluencer le contr么le de l鈥櫭﹎etteur.
Kathleen M. Connors meldete das wirtschaftliche Eigentum an 2.657.620 Aktien der Orion Energy Systems, Inc. (Stammaktien), was etwa 7,52% der ausstehenden Aktieklasse entspricht. Der Bestand setzt sich aus 2.634.928 direkt gehaltenen Aktien und 22.692 Aktien, die vom Kathleen M. Connors 2019 Revocable Trust gehalten werden, zusammen; 眉ber diesen Trust verf眉gt sie 眉ber alle Stimm- und Verf眉gungsrechte. Der Prozentsatz wurde auf Basis einer aggregierten Gesamtzahl von 35.337.240 Stammaktien berechnet, die 33.688.163 ausstehende Aktien zum 10. Juni 2025 sowie 1.649.077 Aktien umfasst, die Frau Connors am 16. Juli 2025 zugeteilt wurden. Der Einreicher best盲tigt, dass die Aktien nicht erworben wurden, um die Kontrolle des Emittenten zu 盲ndern oder zu beeinflussen.
- Material disclosure of beneficial ownership: Reporting of 2,657,620 shares (7.52%) provides transparency to the market
- Sole voting and dispositive power: The filer has clear control over how the reported shares are voted and disposed
- None.
Insights
TL;DR: A >7% stake is material but appears passive; ownership is concentrated with sole voting and dispositive power.
The filing discloses a substantial minority stake of 2,657,620 shares, equal to 7.52% of Orion Energy Systems' common stock based on the stated share count. Materiality arises from size鈥攁bove the 5% reporting threshold鈥攂ut the certification declares the position is not intended to change control, indicating a passive holding. The split between directly held shares and trust-held shares is explicitly noted, and sole voting/dispositive authority increases the holder's effective influence over voting outcomes despite a non-control assertion.
TL;DR: Sole control of voting and disposition over a >7% stake merits governance attention though filer disclaims control intent.
The disclosure that Ms. Connors has sole voting and dispositive power over all 2,657,620 reported shares is governance-relevant because it centralizes decision authority even if the filer asserts no purpose to influence control. For boards and investors, a single beneficial owner with that concentration can affect shareholder votes or nominations. The filing contains clear source detail (direct holdings and a revocable trust) and a certification that negates an expressed intent to alter control, which matters for regulatory interpretation.
Kathleen M. Connors ha dichiarato la propriet脿 beneficiaria di 2.657.620 azioni di Orion Energy Systems, Inc. (Common Stock), pari a circa 7,52% della classe in circolazione. La partecipazione comprende 2.634.928 azioni detenute direttamente e 22.692 azioni detenute dal Kathleen M. Connors 2019 Revocable Trust, sul quale esercita il pieno potere di voto e disposizione. La percentuale 猫 calcolata su un totale aggregato di 35.337.240 azioni ordinarie, risultato di 33.688.163 azioni in circolazione alla data del 10 giugno 2025, pi霉 1.649.077 azioni emesse in favore della Sig.ra Connors il 16 luglio 2025. Il dichiarante attesta che le azioni non sono state acquistate con l鈥檌ntento di modificare o influenzare il controllo dell鈥檈mittente.
Kathleen M. Connors inform贸 la propiedad beneficiaria de 2.657.620 acciones de Orion Energy Systems, Inc. (Common Stock), que representan aproximadamente el 7,52% de la clase en circulaci贸n. La tenencia incluye 2.634.928 acciones en propiedad directa y 22.692 acciones en el Kathleen M. Connors 2019 Revocable Trust, sobre el cual ella tiene poder exclusivo de voto y disposici贸n. El porcentaje se calcula usando un conteo agregado de 35.337.240 acciones ordinarias, que refleja 33.688.163 acciones en circulaci贸n al 10 de junio de 2025, m谩s 1.649.077 acciones emitidas a la Sra. Connors el 16 de julio de 2025. El declarante certifica que las acciones no se adquirieron para cambiar o influir en el control del emisor.
Kathleen M. Connors電� Orion Energy Systems, Inc.(氤错喌欤�) 欤检嫕 2,657,620欤检潣 鞁れ鞝� 靻岇湢毳� 鞁犼碃頄堨溂氅�, 鞚措姅 氚滍枆 欤检嫕鞚� 鞎� 7.52%鞐� 頃措嫻頃╇媹雼�. 氤挫湢 雮挫棴鞚� 歆侅爲 氤挫湢頃� 2,634,928欤检檧 Kathleen M. Connors 2019 Revocable Trust臧� 氤挫湢頃� 22,692欤茧 甑劚霅橂┌, 攴鸽厐電� 頃措嫻 鞁犿儊鞐� 雽�頃� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓岇潉 氤挫湢頃╇媹雼�. 牍勳湪鞚� 齑� 35,337,240欤检潣 氤错喌欤� 頃╆硠搿� 瓿勳偘霅橃棃鞙茧┌, 鞚措姅 2025雲� 6鞗� 10鞚� 旮办 鞙犿喌欤检嫕 33,688,163欤检棎 2025雲� 7鞗� 16鞚� Connors鞌棎瓴� 氚滍枆霅� 1,649,077欤茧ゼ 雿旐暅 靾橃箻鞛呺媹雼�. 鞝滌稖鞚胳潃 欤检嫕鞚� 氚滍枆鞛愳潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼鞚� 氙胳箻旮� 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 歃濍獏頃╇媹雼�.
Kathleen M. Connors a d茅clar茅 la propri茅t茅 b茅n茅ficiaire de 2 657 620 actions d鈥橭rion Energy Systems, Inc. (actions ordinaires), repr茅sentant environ 7,52% de la cat茅gorie en circulation. La participation comprend 2 634 928 actions d茅tenues directement et 22 692 actions d茅tenues par le Kathleen M. Connors 2019 Revocable Trust, sur lesquelles elle exerce seul le pouvoir de vote et de disposition. Le pourcentage est calcul茅 en utilisant un total agr茅g茅 de 35 337 240 actions ordinaires, soit 33 688 163 actions en circulation au 10 juin 2025, plus 1 649 077 actions attribu茅es 脿 Mme Connors le 16 juillet 2025. Le d茅clarant certifie que les actions n鈥檕nt pas 茅t茅 acquises dans le but de modifier ou d鈥檌nfluencer le contr么le de l鈥櫭﹎etteur.
Kathleen M. Connors meldete das wirtschaftliche Eigentum an 2.657.620 Aktien der Orion Energy Systems, Inc. (Stammaktien), was etwa 7,52% der ausstehenden Aktieklasse entspricht. Der Bestand setzt sich aus 2.634.928 direkt gehaltenen Aktien und 22.692 Aktien, die vom Kathleen M. Connors 2019 Revocable Trust gehalten werden, zusammen; 眉ber diesen Trust verf眉gt sie 眉ber alle Stimm- und Verf眉gungsrechte. Der Prozentsatz wurde auf Basis einer aggregierten Gesamtzahl von 35.337.240 Stammaktien berechnet, die 33.688.163 ausstehende Aktien zum 10. Juni 2025 sowie 1.649.077 Aktien umfasst, die Frau Connors am 16. Juli 2025 zugeteilt wurden. Der Einreicher best盲tigt, dass die Aktien nicht erworben wurden, um die Kontrolle des Emittenten zu 盲ndern oder zu beeinflussen.
FAQ
What stake in Orion Energy Systems (OESX) does Kathleen M. Connors report?
How is Ms. Connors' 2,657,620-share position composed?
Does Ms. Connors have voting control over the reported shares?
What share count basis was used to calculate the 7.52% figure?
Did the filer state any intent to influence control of the company?
