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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
WSI Industries, Inc.
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(Name of Issuer)
Common Stock, $0.10 par value
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(Title of Class of Securities)
92932 Q 10 2
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(CUSIP Number)
December 31, 2004
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(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)
[X] 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).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.
SEC 1745 (12-02)
CUSIP NO. 92932Q 10 2 13G Page 2 of 6 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Michael J. Pudil
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
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(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
United States of America
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Number of 5. Sole Voting Power
Shares 180,000
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Beneficially 6. Shared Voting Power
Owned by
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Each 7. Sole Dispositive Power
Reporting 180,000
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Person With: 8. Shared Dispositive Power
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11. Percent of Class Represented by Amount in Row (9)
6.6%
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12. Type of Reporting Person (See Instructions)
IN
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PAGE 3 OF 6 PAGES
ITEM 1.
(a) Name of Issuer
The name of the issuer is WSI Industries, Inc.
(b) Address of Issuer's Principal Executive Offices
The address of the principal executive offices of the Issuer
is 213 Chelsea Road, Monticello, MN 55362
ITEM 2.
(a) Name of Person Filing. This statement is being filed by
Michael J. Pudil
(b) Address of Principal Business Office or, if none, Residence.
The principal address of the Reporting Person is 213 Chelsea
Road, Monticello, MN 55362
(c) Citizenship. United States of America
(d) Title of Class of Securities. Common Stock, $0.10 par value
(e) CUSIP Number. 92932 Q 10 2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR
13D-2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) /_/ Broker or Dealer registered under Section 15 of the Act
(b) /_/ Bank as defined in Section 3(a)(6) of the Act
(c) /_/ Insurance Company as defined in Section 3(a)(19) of the
Act
(d) /_/ Investment Company registered under Section 8 of the
Investment Company Act
(e) /_/ Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) /_/ Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) /_/ Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) /_/ Group, in accordance with Section 240.13d-1(b)(ii)(H)
PAGE 4 OF 6 PAGES
ITEM 4. OWNERSHIP
(a) Amount beneficially owned: Options to purchase 180,000 shares of
Common Stock exercisable within 60 days of December 31, 2004.
(b) Percent of Class: 6.6% based upon 2,557,629 shares of the issuer
outstanding as of December 31, 2004 as reported in its Quarterly
Report on Form 10-Q for the quarter ended November 28, 2004.
(c) Of the shares beneficially owned by the Reporting Person, he has the
power to vote or dispose of the shares as follows:
(i) Sole power to vote or direct the vote: 180,000 shares of Common
Stock (including options)
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 180,000
shares of Common Stock (including options)
(iv) Shared power to dispose or direct the disposition of: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
PAGE 5 OF 6 PAGES
ITEM 10. CERTIFICATION
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.
PAGE 6 OF 6 PAGES
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.
/s/ Michael J. Pudil
Dated: January 26, 2005 ------------------------------------------
Michael J. Pudil