Jun 20, 2025 activistcompany

Sudbury Capital Fund requested a Board seat in Optex Systems Holdings (OPXS)

Key Summary: Henry Partners (9.8%) raised concerns in October 2019 about the company’s governance and executive pay, urging board reforms and potential new director appointments. In August 2021, Sudbury Capital Fund (9.6%) requested a board seat in a discussion with the Chairman & CEO.

M.Cap: $14mm :Optex Systems Holdings, Inc. manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States.

Henry Partners

On October 3, 2019, Henry Partners disclosed 9.8% stating that it is concerned about the company’s corporate governance and executive compensation practices. It sent a letter to the Board raising its issues and stated its desire to work along with other shareholders to improve board structure and governance practices that may include appointing new directors to the Board. Source

Sudbury Capital Fund

On August 26, 2021, Mr. Judd, Sudbury Capital Fund (9.6%), spoke with the Chairman & CEO of the company. and requested a Board seat. Source

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