North Star holds 13.72% of Orion Energy Systems (OESX) in Schedule 13G/A

Rhea-AI Filing Summary

Orion Energy Systems filed an amendment to a Schedule 13G reporting ownership by North Star Investment Management Corporation. The filing states 483,052 shares beneficially owned, representing 13.72% of common stock as of the filing, with 265,000 shares held with sole voting and dispositive power and 218,052 shares held with shared voting and dispositive power.

The amendment is signed by the reporting firm's Chief Compliance Officer and dated 03/03/2026.

Insights

Institutional Ownership Analyst

North Star reports a meaningful passive stake of 13.72% in Orion Energy Systems.

The filing records 483,052 shares beneficially owned and splits control into 265,000 sole and 218,052 shared voting/dispositive powers. This is a static ownership disclosure under Schedule 13G/A, typically used for passive large holders.

Implications depend on holder intent; the filing itself does not state an active intent to influence management. Subsequent filings would show any change in voting posture or transactions if they occur.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

Orion Energy Systems, Inc.

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

03/03/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP Number(s):

1

Names of Reporting Persons

North Star Investment Management Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 265,000.00
6	Shared Voting Power 218,052.00
7	Sole Dispositive Power 265,000.00
8	Shared Dispositive Power 218,052.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

483,052.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.72 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Orion Energy Systems, Inc.
(b)	Address of issuer's principal executive offices: 2210 Woodland Drive, Manitowoc, WISCONSIN 54220
Item 2.
(a)	Name of person filing: North Star Investment Management Corporation
(b)	Address or principal business office or, if none, residence: 20 N. Wacker Drive, Suite 1416 Chicago, IL 600606
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock, no par value
(e)	CUSIP No.: 686275108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 483,052
(b)	Percent of class: 13.72 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 265,000
	(ii) Shared power to vote or to direct the vote: 218,052
	(iii) Sole power to dispose or to direct the disposition of: 265,000
	(iv) Shared power to dispose or to direct the disposition of: 218,052
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	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.

Certifications:

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, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

North Star Investment Management Corporation

Signature:	/s/ Andrew Eisenberg
Name/Title:	Chief Compliance Officer
Date:	03/03/2026

FAQ

What stake does North Star hold in Orion Energy Systems (OESX)?

North Star Investment Management reports 483,052 shares beneficially owned, equal to 13.72% of Orion Energy Systems' common stock as stated in the amendment.

How much voting power does North Star have in Orion Energy Systems?

The filing shows 265,000 shares with sole voting power and 218,052 shares with shared voting power, per the Schedule 13G/A amendment.

When was the Schedule 13G/A amendment filed for OESX?

The amendment is signed and dated 03/03/2026 by the reporting firm's Chief Compliance Officer, per the filing's signature block.

Does the Schedule 13G/A indicate activist intentions by North Star?

The filing is a Schedule 13G/A passive ownership disclosure and does not state any activist or control intent; it lists beneficial ownership and voting/dispositive powers only.

Who signed the amendment for North Star's filing?

The amendment is signed by /s/ Andrew Eisenberg, identified as Chief Compliance Officer, with the signature date 03/03/2026.