UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Northern Technologies International Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
665809109
(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:
☒ Rule 13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 665809109
|
1
|
NAME OF REPORTING PERSONS
Perritt Capital Management, Inc.
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
Not Applicable
|
(a) ☐
(b) ☐ |
|||
|
3
|
SEC USE ONLY
|
||||
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
|
||||
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5
|
SOLE VOTING POWER
29,450
|
|||
|
6
|
SHARED VOTING POWER
412,837 (1)
|
||||
|
7
|
SOLE DISPOSITIVE POWER
29,450
|
||||
|
8
|
SHARED DISPOSITIVE POWER
412,837 (1)
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
442,287
|
||||
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not Applicable
|
☐
|
|||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9% (2)
|
||||
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
|
||||
| (1) |
Represents shares beneficially owned by Perritt Funds, Inc. (see Item 2(a)).
|
| (2) |
The percent ownership calculated is based upon an aggregate of 9,088,400 shares outstanding as of December 31, 2019.
|
CUSIP No. 665809109
|
1
|
NAME OF REPORTING PERSONS
Perritt Funds, Inc.
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
Not Applicable
|
(a) ☐
(b) ☐ |
|||
|
3
|
SEC USE ONLY
|
||||
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
|
||||
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5
|
SOLE VOTING POWER
0
|
|||
|
6
|
SHARED VOTING POWER
412,837
|
||||
|
7
|
SOLE DISPOSITIVE POWER
0
|
||||
|
8
|
SHARED DISPOSITIVE POWER
412,837
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
412,837
|
||||
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not Applicable
|
☐
|
|||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5% (1)
|
||||
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IV
|
||||
| (1) |
The percent ownership calculated is based upon an aggregate of 9,088,400 shares outstanding as of December 31, 2019.
|
CUSIP No. 665809109
| Item 1(a). |
Name of Issuer:
|
Northern Technologies International Corporation
| Item 1(b). |
Address of Issuer’s Principal Executive Offices:
|
4201 Woodland Road, P.O. Box 69, Circle Pines, MN 55014
| Item 2(a). |
Name of Person Filing:
|
The persons filing this Schedule 13G are (i) Perritt Capital Management, Inc., an investment adviser registered under
Section 203 of the Investment Advisers Act of 1940; and (ii) Perritt Funds, Inc., an investment company registered under the Investment Company Act of 1940, on behalf of its series, the Perritt MicroCap Opportunities Fund, the Perritt Ultra MicroCap
Fund and the Perritt Low Priced Stock Fund. Attached as Exhibit 1 hereto, which is incorporated by reference herein, is an agreement between Perritt Capital Management, Inc. and Perritt Funds, Inc. that this Schedule 13G is filed on behalf of each
of them.
| Item 2(b). |
Address of Principal Business Office or, if none, Residence:
|
300 South Wacker Drive, Suite 2880, Chicago, IL 60606
| Item 2(c). |
Citizenship:
|
Perritt Capital Management, Inc. is an Illinois corporation.
Perritt Funds, Inc. is a Maryland corporation.
| Item 2(d). |
Title of Class of Securities:
|
Common Stock
| Item 2(e). |
CUSIP Number:
|
665809109
CUSIP No. 665809109
| 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:
|
|
☒ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
|
☒ An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
|
| Item 4. |
Ownership:
|
Perritt Capital Management, Inc.
| (a) |
Amount Beneficially Owned: 442,287
|
| (b) |
Percent of Class: 4.9%
|
| (c) |
Number of shares as to which such person has:
|
| (i) |
sole power to vote or to direct the vote: 29,450
|
| (ii) |
shared power to vote or to direct the vote: 412,837
|
| (iii) |
sole power to dispose or to direct the disposition of: 29,450
|
| (iv) |
shared power to dispose or to direct the disposition of: 412,837
|
Perritt Funds, Inc.
| (a) |
Amount Beneficially Owned: 412,837
|
| (b) |
Percent of Class: 4.5%
|
| (c) |
Number of shares as to which such person has:
|
| (i) |
sole power to vote or to direct the vote: 0
|
| (ii) |
shared power to vote or to direct the vote: 412,837
|
| (iii) |
sole power to dispose or to direct the disposition of: 0
|
| (iv) |
shared power to dispose or to direct the disposition of: 412,837
|
CUSIP No. 665809109
| 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 5 percent of the class of securities, check the following. ☒
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person:
|
N/A
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on by the Parent Holding Company or Control Person:
|
N/A
| Item 8. |
Identification and Classification of Members of the Group:
|
N/A
| Item 9. |
Notice of Dissolution of Group:
|
N/A
CUSIP No. 665809109
| Item 10. |
Certification:
|
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.
Exhibits.
| 1. |
Agreement to file Schedule 13G jointly (previously filed as Exhibit 1 to the reporting parties’ Schedule 13G filed February 14, 2014).
|
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
PERRITT CAPITAL MANAGEMENT, INC.
By: /s/ Lynn E. Burmeister
Lynn E. Burmeister
Chief Compliance Officer
and Vice President
PERRITT FUNDS, INC.
By: /s/ Lynn E. Burmeister
Lynn E. Burmeister
Chief Compliance Officer and Secretary