SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Sonic Foundry Inc.
(Name of Issuer)
(Title of Class of Securities)
Mark D. Burish
Hurley, Burish & Stanton, S.C.
33 East Main Street, Suite 400
Madison, WI 53703
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 10, 2019 (June 5, 2019)
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
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 disclosures provided in a prior cover page.
The information required on 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.: 83545R207
NAME OF REPORTING PERSONS
Mark D. Burish
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
SEC USE ONLY
SOURCE OF FUNDS (see instructions)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
CITIZENSHIP OR PLACE OF ORGANIZATION
SOLE VOTING POWER
SHARED VOTING POWER
SOLE DISPOSITIVE POWER
SHARED DISPOSITIVE POWER
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
TYPE OF REPORTING PERSON (see instructions)
(1) Includes 35,905 shares subject to presently Exercisable Warrants and 18,000 shares subject to Presently Exercisable Options..
Item 1. Security and Issuer.
This Amendment No. 8 amends the Schedule 13D dated February 14, 2017, the Schedule 13D/A dated June 5, 2017, the Schedule 13D/A dated August 23, 2017, the Schedule 13D/A dated January 25, 2018, the Schedule 13D/A dated June 12, 2018, the Schedule 13D/A dated August 24, 2018, the Schedule 13D/A dated November 16, 2018, and the Schedule 13D/A dated March 27, 2019,(as amended, the “Schedule 13D”) of Mark D. Burish (the “Reporting Person”), in respect of shares of common stock, par value $0.01 per share (the “Common Stock”), of Sonic Foundry, Inc., a Maryland corporation (the “Issuer”), as follows (unless otherwise indicated, all capitalized terms used but not defined herein have the meaning ascribed to such terms in the Schedule 13D).
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended by replacing the paragraph contained in Item 5(a) with the following paragraphs:
As of June 5, 2019, the Reporting Person owned 2,205,397 shares of Common Stock, or approximately 32.5% of the outstanding shares of Common Stock. The 2,205,397 shares include (1) 35,095 shares subject to Presently Exercisable Warrants, and (2) 18,000 shares subject to Presently Exercisable Options.
Item 5 is hereby amended by replacing the paragraph contained in Item 5(a) with the following sentences:
On May 17, 2019, 2,080 shares of Series A Preferred Stock held by the Reporting Person were converted into 491,753 shares of Common Stock.
On June 5, 2019, the Issuer granted the Reporting Person 63,864 shares of Common Stock in lieu of paying Board fees in cash. This issuance of Common Stock granted to the Reporting Person was priced at $1.10 per share on a day the closing market price of the Company's Common Stock was $1.01.
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.
/s/ Mark D. Burish
Mark D. Burish / Individual
June 10, 2019