CUSIP
NO. 763165107
|
Schedule 13G
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1
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NAMES
OF REPORTING PERSONS
Chain
of Lakes Investment Fund, LLC
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2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [
]
(b) [
]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING POWER
0
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6
|
SHARED
VOTING POWER
735,590
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7
|
SOLE
DISPOSITIVE POWER
0
|
8
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SHARED
DISPOSITIVE POWER
735,590
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,590
|
|
10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
|
11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6%
(1)
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12
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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|
(1)
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Percentage
calculation based on 11,110,735 shares of Common Stock, $0.05 par value per share, outstanding as of January 5, 2021, as reported
in the Form 10-Q filed by Richardson Electronics, Ltd. for the quarterly period ended November 28, 2020.
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CUSIP
NO. 763165107
|
Schedule 13G
|
|
1
|
NAMES
OF REPORTING PERSONS
Christopher
B. Woodruff
|
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
United
States of America
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
735,590
(1)
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
735,590
(1)
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,590
(1)
|
|
10
|
CHECK IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.6%
(2)
|
12
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
|
|
(1)
|
Mr.
Woodruff is deemed to have shared voting and dispositive power over the shares of the Company held by Chain of Lakes Investment
Fund, LLC ("COLIF") as a result of his position as President of COLIF. Mr. Woodruff disclaims beneficial ownership of
the Common Stock owned by COLIF.
|
|
(2)
|
Percentage
calculation based on 11,110,735 shares of Common Stock, $0.05 par value per share, outstanding as of January 5, 2021, as reported
in the Form 10-Q filed by Richardson Electronics, Ltd. for the quarterly period ended November 28, 2020.
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Item 1(a)
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Name
of Issuer:
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Richardson
Electronics, Ltd.
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Item 1(b)
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Address
of Issuer’s Principal Executive Offices:
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40W267
Keslinger Road, P.O. Box 393
LaFox,
Illinois 60147
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Item 2(a)
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Name
of Person Filing:
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Chain
of Lakes Investment Fund, LLC
Christopher
B. Woodruff
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Item 2(b)
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Address
or Principal Business Office or, if none, Residence:
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Chain
of Lakes Investment Fund, LLC
8101
34th Avenue South, Suite 400
Bloomington,
Minnesota 55425
Christopher
B. Woodruff
c/o
Chain of Lakes Investment Fund, LLC
8101
34th Avenue South, Suite 400
Bloomington,
Minnesota 55425
Chain
of Lakes Investment Fund, LLC – Delaware
Christopher
B. Woodruff – United States of America
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Item 2(d)
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Title
of Class of Securities:
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Common
Stock
763165107
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Item 3
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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:
|
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(a)
|
[ ]
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Broker or dealer registered under section
15 of the Act (15 U.S.C. 78o);
|
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(b)
|
[ ]
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Bank as defined in section 3(a)(6) of
the Act (15 U.S.C. 78c);
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(c)
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[ ]
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Insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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[ ]
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Investment company registered under section
8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
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(e)
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[ ]
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An investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E);
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(f)
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[ ]
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An employee benefit plan or endowment
fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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[ ]
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A parent holding company or control person
in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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[ ]
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A savings associations as defined in
Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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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);
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(j)
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[ ]
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a non-U.S. institution in accordance
with §240.13d-1(b)(1)(ii)(J);
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(k)
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[ ]
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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If
filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________.
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(a)
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Amount
beneficially owned:
|
Chain
of Lakes Investment Fund, LLC – 735,590
Christopher
B. Woodruff – 735,590
Chain
of Lakes Investment Fund, LLC – 6.6%
Christopher
B. Woodruff – 6.6%
The
above percentage calculation is based on 11,110,735 shares of Common Stock, $0.05 par value per share, outstanding as of January
5, 2021, as reported in the Form 10-Q filed by Richardson Electronics, Ltd. for the quarterly period ended November 28, 2020.
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(c)
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Number
of shares as to which the Reporting Person has:
|
|
(i)
|
sole
power to vote or to direct the vote:
|
Chain
of Lakes Investment Fund, LLC – 0
Christopher
B. Woodruff – 0
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(ii)
|
shared
power to vote or to direct the vote:
|
Chain
of Lakes Investment Fund, LLC – 735,590
Christopher
B. Woodruff – 735,590*
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(iii)
|
sole
power to dispose or to direct the disposition of:
|
Chain
of Lakes Investment Fund, LLC – 0
Christopher
B. Woodruff – 0
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(iv)
|
shared
power to dispose or to direct the disposition of:
|
Chain
of Lakes Investment Fund, LLC – 735,590
Christopher
B. Woodruff – 735,590*
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*
|
Mr. Woodruff
is deemed to have shared voting and dispositive power over the shares of the Company
held by Chain of Lakes Investment Fund, LLC ("COLIF") as a result of his position
as President of COLIF. Mr. Woodruff disclaims beneficial ownership of the Common Stock
owned by COLIF.
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Item 5
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Ownership
of Five Percent or Less of a Class:
|
N/A
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Item 6
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Ownership
of More Than Five Percent on Behalf of Another Person:
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N/A
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Item 7
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Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on by
the Parent Holding Company or Control Person:
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N/A
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Item 8
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Identification
and Classification of Members of the Group:
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N/A
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Item 9
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Notice
of Dissolution of Group:
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N/A
By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.
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.
Dated:
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February
2, 2021
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CHAIN
OF LAKES INVESTMENT FUND, LLC
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By:
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/s/ Christopher B.
Woodruff
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Name:
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Christopher B. Woodruff
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Title:
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President
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/s/ Christopher
B. Woodruff
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Christopher
B. Woodruff
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