0001381954-16-000011.txt : 20160112 0001381954-16-000011.hdr.sgml : 20160112 20160112151454 ACCESSION NUMBER: 0001381954-16-000011 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160112 DATE AS OF CHANGE: 20160112 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: American Electric Technologies Inc CENTRAL INDEX KEY: 0001043186 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 593410234 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58997 FILM NUMBER: 161338671 BUSINESS ADDRESS: STREET 1: 1250 WOOD BRANCH PARK DR STE 600 CITY: HOUSTON STATE: TX ZIP: 77079 BUSINESS PHONE: 713-644-8182 MAIL ADDRESS: STREET 1: 1250 WOOD BRANCH PARK DR STE 600 CITY: HOUSTON STATE: TX ZIP: 77079 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN ACCESS TECHNOLOGIES INC DATE OF NAME CHANGE: 19971117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Tieton Capital Management, LLC CENTRAL INDEX KEY: 0001381954 IRS NUMBER: 202956186 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4700 TIETON DRIVE, SUITE C CITY: YAKIMA STATE: WA ZIP: 98908 BUSINESS PHONE: 509-965-6488 MAIL ADDRESS: STREET 1: 4700 TIETON DRIVE, SUITE C CITY: YAKIMA STATE: WA ZIP: 98908 SC 13G/A 1 aeti-dec2015.txt TIETON CAPITAL MANAGEMENT 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G/A Amendment No. 1 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) American Electric Technologies, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 025576109 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2015 -------------------------------------------------------------------------------- (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 650,829 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 650,829 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 650,829 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.9% 12. TYPE OF REPORTING PERSON IA Item 1(a). Name of Issuer: American Electric Technologies, Inc. -------------------------------------------------------------------- Item 1(b). Address of Issuer's Principal Executive Offices: 1250 Wood Branch Park Drive, Suite 600 Houston, TX 77079 -------------------------------------------------------------------- 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 Corp. -------------------------------------------------------------------- Item 2(d). Title of Class of Securities: Common Stock -------------------------------------------------------------------- Item 2(e). CUSIP Number: 025576109 -------------------------------------------------------------------- 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 - 650,829 shares ----------------------------------------------------------------------- (b) Percent of class: Tieton Capital Management - 7.9% ----------------------------------------------------------------------- (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 - 650,829 ----------------------------------------------------------------- (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 - 650,829 ----------------------------------------------------------------- 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. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. 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. If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not applicable ----------------------------------------------------------------------- Item 8. Identification and Classification of Members of the Group. If a group has filed this schedule pursuant to s.240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to s.240.13d-1(c) or s.240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not applicable ----------------------------------------------------------------------- Item 9. Notice of Dissolution of Group. Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. 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. January 12, 2016 Tieton Capital Management By: /s/ William J. Dezellem, CFA Name: William J. Dezellem, CFA Title: Chief Investment Officer & President