SEC Form SC 13G filed by LSI Industries Inc.

2/13/24 11:05:53 AM ET

Building Products

Consumer Discretionary

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SC 13G 1 lsi2023.txt LSI INDUSTRIES SC 13G 2023 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________ SCHEDULE 13G (Rule 13d-102) 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) (Amendment No. ____________) LSI INDUSTRIES, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 50216C108 (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) CUSIP NO. 50216C108 13G Page 2 of 6 Pages 1. NAMES OF REPORTING PERSONS Systematic Financial Management, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 22-3367558 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* N/A (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Teaneck, New Jersey NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,108,025 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,406,575 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,406,575 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 8.33% 12. TYPE OF REPORTING PERSON* IA *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 50216C108 13G Page 3 of 6 Pages Item 1(a). Name of Issuer: LSI INDUSTRIES, INC. Item 1(b). Address of Issuer's Principal Executive Offices: 10000 ALLIANCE ROAD, P.O. BOX 42728, CINCINNATI,OH 45242 Item 2(a). Name of Person Filing: Michele Egeberg, Managing Director, Compliance on behalf of SYSTEMATIC FINANCIAL MANAGEMENT, LP Item 2(b). Address of Principal Business Office or, if None, Residence: 300 FRANK W. BURR BLVD., GLENPOINTE EAST, 7TH FLOOR, TEANECK, NJ 07666 Item 2(c). Citizenship: U.S.A. Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 50216C108 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. CUSIP NO. 50216C108 13G Page 4 of 6 Pages (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. (a) Amount beneficially owned: 2,406,575 (b) Percent of class: 8.33% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 1,108,025 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 2,406,575 (iv) Shared power to dispose or to direct the disposition of 0 CUSIP NO. 50216C108 13G Page 5 of 6 Pages Item 5. Ownership of Five Percent or Less of a Class. N/A 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 N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of Group. N/A Item 10. Certifications. [If filed pursuant to Rule 13d-1(b)]: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 that purpose or effect. [If filed pursuant to Rule 13d-1(c)]: By signing below I certify that, to the best of my 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 that purpose or effect. CUSIP NO. 50216C108 13G Page 6 of 6 Pages 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 13, 2024 (Date) Michele Egeberg, Managing Director, Compliance (Name/Title) 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 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 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).

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Date

Price Target

Rating

Analyst

1/9/2023

$18.00

Buy

Craig Hallum

10/21/2022

$13.00 → $9.00

Buy

Canaccord Genuity

11/9/2021

$10.00

Buy

Canaccord Genuity

SEC Form SC 13G filed by LSI Industries Inc.

2/13/24 11:05:53 AM ET

$LYTS

Building Products

Consumer Discretionary

Get the next $LYTS alert in real time by email

Date

Price Target

Rating

Analyst

1/9/2023

$18.00

Buy

Craig Hallum

10/21/2022

$13.00 → $9.00

Buy

Canaccord Genuity

11/9/2021

$10.00

Buy

Canaccord Genuity

SEC Form SC 13G filed by LSI Industries Inc.

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SEC Form SC 13G filed by LSI Industries Inc.

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Insider Trading

Executive VP; CFO Galeese James E was granted 56,845 shares, increasing direct ownership by 42% to 191,633 units (SEC Form 4)

CEO and President Clark James Anthony gave a grant of 174,566 shares, increasing direct ownership by 29% to 495,039 units (SEC Form 4)

Exec. VP, HR & General Counsel Caneris Thomas A was granted 48,250 shares, increasing direct ownership by 56% to 134,552 units (SEC Form 4)

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Press Releases

LSI Industries Reports Fiscal 2025 Fourth Quarter and Full-Year Results and Declares Quarterly Cash Dividend

LSI Industries Announces Fiscal 2025 Fourth Quarter and Full-Year Results Conference Call Date

LSI Industries Renews Partnership as Official Lighting Sponsor of USA Pickleball

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SEC Filings

LSI Industries Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure

SEC Form 10-Q filed by LSI Industries Inc.

LSI Industries Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure

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Analyst Ratings

Craig Hallum initiated coverage on LSI Industries with a new price target

Canaccord Genuity resumed coverage on LSI Industries with a new price target

Canaccord Genuity resumed coverage on LSI Industries with a new price target

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by LSI Industries Inc.

Amendment: SEC Form SC 13G/A filed by LSI Industries Inc.