Punch & Associates Reports 7.6% Stake in RF Industries via Schedule 13G/A

Rhea-AI Filing Summary

Punch & Associates Investment Management, Inc. reports beneficial ownership of 810,859 shares of RF Industries Ltd common stock, representing 7.6% of the class. The filing states Punch & Associates has sole voting and sole dispositive power over those shares, meaning it controls voting and disposition for the full stake disclosed.

The filing is submitted as a Schedule 13G-type disclosure by a reporting person classified as IA (investment adviser) and includes a certification that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• Reporting shows a material institutional stake of 810,859 shares (7.6%), above the 5% disclosure threshold.
• The filer has sole voting and sole dispositive power over the disclosed shares, providing clear ownership attribution.
• Filer is classified as IA (investment adviser), a regulated entity with fiduciary responsibilities.

Negative

• None.

Insights

Financial Analyst

TL;DR: Punch & Associates holds 810,859 shares (7.6%), a material institutional stake disclosed as passive.

Punch & Associates discloses 810,859 shares and 7.6% ownership with sole voting and dispositive power. The filing classifies the filer as an investment adviser (IA) and includes an explicit certification that the position is held in the ordinary course and not to influence control. This filing notifies the market of a >5% institutional stake without signaling activist intent.

Corporate Governance Expert

TL;DR: Significant passive stake disclosed; governance impact appears limited given the stated lack of intent to influence control.

The document shows a meaningful single-party holding at 7.6% with sole voting and dispositive authority. Because the filer certifies the position is not intended to affect control and the filing is presented consistent with passive Schedule 13G procedures, immediate governance changes are not indicated by this filing alone. The stake, however, increases the importance of Punch & Associates in any future shareholder votes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

RF Industries LTD

(Name of Issuer)

Common Stock

(Title of Class of Securities)

749552105

(CUSIP Number)

06/30/2025

(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 No. 749552105

1

Names of Reporting Persons

Punch & Associates Investment Management, Inc.

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

MINNESOTA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 810,859.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 810,859.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

810,859.00

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)

7.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RF Industries LTD
(b)	Address of issuer's principal executive offices: 16868 VIA DEL CAMPO COURT, SUITE 200, SAN DIEGO, CA 92127
Item 2.
(a)	Name of person filing: Punch & Associates Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 7701 France Ave. So., Suite 300 Edina, MN 55435
(c)	Citizenship: Minnesota
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 749552105
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: 810859
(b)	Percent of class: 7.60%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 810859
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 810859
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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.

Punch & Associates Investment Management, Inc.

Signature:	/s/ Howard D. Punch, Jr.
Name/Title:	Howard D. Punch, Jr./Chief Investment Officer
Date:	07/07/2025

FAQ

How many RFIL shares does Punch & Associates beneficially own?

Punch & Associates beneficially owns 810,859 shares of RF Industries common stock.

What percentage of RF Industries does Punch & Associates hold?

The filing reports ownership equal to 7.6% of the class.

Does the Schedule 13G/A indicate Punch & Associates intends to influence control of RFIL?

No. The filing includes a certification that the shares are held in the ordinary course of business and not to change or influence control of the issuer.

What voting and dispositive powers does Punch & Associates report?

Punch & Associates reports sole voting power of 810,859 shares and sole dispositive power of 810,859 shares.

What type of filer is Punch & Associates in this filing?

The reporting person is identified as IA (investment adviser).

Was the stake large enough to require disclosure?

Yes; the reported 7.6% ownership exceeds the 5% threshold that triggers Schedule 13G/A disclosure requirements.