Page 5 of 11 SEC Filing
The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).
| Item 1. | Security and Issuer. |
This statement relates to the common Stock, $0.01 par value (the “Shares”), of Perceptron, Inc., a Michigan corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 47827 Halyard Drive, Plymouth, Michigan 48170.
| Item 2. | Identity and Background. |
(a) This statement is filed by:
| | (i) | Moab Partners, L.P., a Delaware limited partnership (“Moab LP”); |
| | (ii) | Moab Capital Partners, LLC, a Delaware limited liability company (“Moab LLC”), which serves as the investment adviser for Moab LP and a separately managed account (the “Managed Account”); |
| | (iii) | Michael R. Rothenberg, who serves as the managing member of Moab LLC. |
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons”. Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
(b) The address of the principal office of each of the Reporting Persons is 15 East 62nd Street, New York, New York 10065.
(c) The principal business of Moab LP is investing in event-driven securities. Moab LLC serves as the investment adviser for certain private investment funds, including Moab LP and the Managed Account. Mr. Rothenberg serves as the managing member of Moab LLC.
(d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Mr. Rothenberg is a citizen of the United States of America.
| Item 3. | Source and Amount of Funds or Other Consideration. |
The Shares purchased by Moab LP and held in the Managed Account were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted as set forth on Schedule A. The aggregate purchase price of the 587,666 Shares directly owned by Moab LP is approximately $4,321,000, including brokerage commissions. The aggregate purchase price of the 30,204 Shares held in the Managed Account is approximately $207,000, including brokerage commissions.
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