0001157523-20-000173.txt : 20200210 0001157523-20-000173.hdr.sgml : 20200210 20200210145648 ACCESSION NUMBER: 0001157523-20-000173 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200210 DATE AS OF CHANGE: 20200210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTELL TECHNOLOGIES INC CENTRAL INDEX KEY: 0001002135 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 363154957 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48551 FILM NUMBER: 20591489 BUSINESS ADDRESS: STREET 1: 750 N COMMONS DRIVE CITY: AURORA STATE: IL ZIP: 60504 BUSINESS PHONE: 6308982500 MAIL ADDRESS: STREET 1: 750 NORTH COMMONS DRIVE CITY: AURORA STATE: IL ZIP: 60504 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRONIC INFORMATION TECHNOLOGIES INC DATE OF NAME CHANGE: 19951012 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: C. Silk & Sons, Inc. CENTRAL INDEX KEY: 0001532567 IRS NUMBER: 043449601 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 24 HEARTHSTONE DRIVE CITY: MEDFIELD STATE: MA ZIP: 02052 BUSINESS PHONE: 508-242-9479 MAIL ADDRESS: STREET 1: 24 HEARTHSTONE DRIVE CITY: MEDFIELD STATE: MA ZIP: 02052 SC 13G 1 a52171276.htm SILK INVESTMENT ADVISORS SC 13G (WESTELL TECHNOLOGIES, INC.)
 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C.  20549
 
 
 
SCHEDULE 13G
 Under the Securities Exchange Act of 1934
 (Amendment No.  )
 
 
WESTELL TECHNOLOGIES, INC.
(Name of Issuer)
 
 
Class A Common Stock, par value $0.01 per share
(Title of class of Securities)
 
 
957541204
 (CUSIP Number)
 

December 31, 2019
(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.
Names of Reporting Persons: Silk Investment Advisors
 
IRS Identification No.:            04-3449601
 
 
2.
Check the Appropriate Box if a Member of a Group
 
 
 
(a)  [   ]
 
 
 
(b)  [   ]
 
 
3.
SEC Use Only:
 
 
4.
Citizenship or Place of Organization:  Massachusetts
 
 
Number of Shares Beneficially Owned by Each Reporting Person with:
 
 
5.
Sole Voting Power:  761,787
 
 
6.
Shared Voting Power:  0
 
 
7.
Sole Dispositive Power:  761,787
 
 
8.
Shared Dispositive Power:  0
 
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person:  761,787
 
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares:    [   ]
 
 
11.
Percent of Class Represented by Amount in Row (9):  6.2%
 
 
12.
Type of Reporting Person:  IA

Item 1.

(a)
Name of Issuer:  WESTELL TECHNOLOGIES, INC.
 
 
(b)
Address of Issuer’s Principal Executive  Offices:  750 NORTH COMMONS DRIVE, AURORA, ILLINOIS 60504
Item 2.

(a)
Name of Person Filing:  Silk Investment Advisors
 
 
(b)
Address of Principal Business Office:  24 Hearthstone Drive, Medfield, MA 02052
 
 
(c)
Citizenship:  Incorporated under the laws of the Commonwealth of Massachusetts
 
 
(d)
Title of Class of Securities:  Class A Common Stock, par value $0.01 per share
 
 
(e)
CUSIP Number:  957541204

Item 3.  If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(e)
[x]  An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E).

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:  761,787 shares
 
 
    
(b)
Percent of class:  6.2%
 
 
    
(c)
Number of shares as to which the person has:
 
 
    
 
(i)
   Sole power to vote or to direct the vote:  761,787
 
 
    
 
(ii)
   Shared power to vote or to direct the vote:  0
 
 
    
 
(iii)
   Sole power to dispose or to direct the disposition of:  761,787
 
 
    
 
(iv)
   Shared power to dispose or to direct the disposition of:  0
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.
 
The investment advisory clients of Reporting Person have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Company
 
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.  Certification
 
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.

 
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.
 
 
Date:  February 10, 2020
 
 
 
Silk Investment Advisors
 
By /s/ Marc B. Silk
 
Marc B. Silk, its Chief Executive Officer