<SEC-DOCUMENT>0001398344-25-015572.txt : 20250814
<SEC-HEADER>0001398344-25-015572.hdr.sgml : 20250814
<ACCEPTANCE-DATETIME>20250814143514
ACCESSION NUMBER:		0001398344-25-015572
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250814
DATE AS OF CHANGE:		20250814

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Optex Systems Holdings Inc
		CENTRAL INDEX KEY:			0001397016
		STANDARD INDUSTRIAL CLASSIFICATION:	OPTICAL INSTRUMENTS & LENSES [3827]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0928

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84853
		FILM NUMBER:		251217604

	BUSINESS ADDRESS:	
		STREET 1:		1420 PRESIDENTIAL DRIVE
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75081
		BUSINESS PHONE:		972-764-5700

	MAIL ADDRESS:	
		STREET 1:		1420 PRESIDENTIAL DRIVE
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75081

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Sustut Exploration Inc
		DATE OF NAME CHANGE:	20070419

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
		CENTRAL INDEX KEY:			0001238990
		ORGANIZATION NAME:           	
		EIN:				820566501
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		7701 FRANCE AVE. SOUTH
		STREET 2:		SUITE 300
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435
		BUSINESS PHONE:		9522244350

	MAIL ADDRESS:	
		STREET 1:		7701 FRANCE AVE. SOUTH
		STREET 2:		SUITE 300
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRIDGEWATER CAPITAL ADVISORS INC
		DATE OF NAME CHANGE:	20030605
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>


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    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001397016</issuerCik>
        <issuerName>Optex Systems Holdings Inc.</issuerName>
        <issuerCusip>68384X209</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1420 Presidential Dr.</com:street1>
          <com:city>Richardson</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>75081</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
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      <reportingPersonName>Punch &amp; Associates Investment Management, Inc.</reportingPersonName>
      <citizenshipOrOrganization>MN</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>331495.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
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        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>331495.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>4.8</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
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      <item1>
        <issuerName>Optex Systems Holdings Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1420 Presidential Dr. Richardson, Texas 75081</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Punch &amp; Associates Investment Management, Inc.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>7701 France Ave. So., Suite 300
Edina, MN  55435</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Minnesota</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
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      <item4>
        <amountBeneficiallyOwned>331,495</amountBeneficiallyOwned>
        <classPercent>4.80%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>331,495</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>331,495</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
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      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
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        <notApplicableFlag>Y</notApplicableFlag>
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        <notApplicableFlag>Y</notApplicableFlag>
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      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>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, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Punch &amp; Associates Investment Management, Inc.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Howard D. Punch, Jr.</signature>
        <title>Howard D. Punch, Jr./Chief Investment Officer</title>
        <date>07/07/2025</date>
      </signatureDetails>
    </signatureInformation>
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</SEC-DOCUMENT>
