[SCHEDULE 13G/A] IEH Corp SEC Filing
IEH Corp (IEHC) Schedule 13G/A reports that IFCM MicroCap Fund LP holds 104,147 shares of IEH Corp common stock, representing 4.3% of the class. The shares are reported as held directly by the Fund with shared voting and dispositive power (no sole voting or dispositive power). Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of the Fund and reports the same 104,147 shares; Ian J. Cassel, as sole managing member of IFCM, also reports shared voting and dispositive power and disclaims beneficial ownership except to the extent of his partnership interests. The filing states the securities were not acquired to influence control of the issuer and includes an exhibit agreement among reporting persons.
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Insights
TL;DR: A small, sub-5% stake reported by an active microcap investor; no control intent declared.
The Schedule 13G/A discloses a 4.3% ownership position (104,147 shares) held by IFCM MicroCap Fund LP with shared voting and dispositive power. Because the position is below 5%, the filing is consistent with a passive disclosure framework rather than an activist 13D approach. The statement that the securities were not acquired to influence control reduces near-term corporate governance implications. For investors, this signals ownership interest by a specialized microcap manager without an overt intent to change management or strategy.
TL;DR: Shared voting power noted, but sub-5% ownership and certification indicate no control effort.
The document shows shared voting and dispositive power among the Fund, its general partner, and Ian Cassel, which is typical when investment vehicles are involved. The filer explicitly certifies the position is not intended to influence control, aligning with Schedule 13G treatment. While shared power can create potential coordination concerns if combined with other holders, the 4.3% stake alone is below thresholds that typically trigger heightened governance scrutiny.