<SEC-DOCUMENT>0000898432-21-000245.txt : 20210316
<SEC-HEADER>0000898432-21-000245.hdr.sgml : 20210316
<ACCEPTANCE-DATETIME>20210316171931
ACCESSION NUMBER:		0000898432-21-000245
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210316
DATE AS OF CHANGE:		20210316

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOSS CORP
		CENTRAL INDEX KEY:			0000056701
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
		IRS NUMBER:				391168275
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-20001
		FILM NUMBER:		21747067

	BUSINESS ADDRESS:	
		STREET 1:		4129 N PORT WASHINGTON AVE
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53212
		BUSINESS PHONE:		4149645000

	MAIL ADDRESS:	
		STREET 1:		4129 N PORT WASHINGTON AVE
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KOSS ELECTRONICS INC
		DATE OF NAME CHANGE:	19721005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REK O KUT CO INC
		DATE OF NAME CHANGE:	19680124

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOSS JOHN C JR
		CENTRAL INDEX KEY:			0001217521

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	MAIL ADDRESS:	
		STREET 1:		C/O KOSS CORPORATION
		STREET 2:		4129 N PORT WASHINGTON ROAD
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53212
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sc_13d-a.htm
<TEXT>
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            <div style="text-align: center; color: #000000;">&#160;</div>
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            <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">UNITED STATES</div>
          </td>
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          <td style="width: 65.31%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE<br>
              COMMISSION</div>
          </td>
          <td style="width: 17.34%; vertical-align: top;">&#160;</td>
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          <td style="width: 17.35%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; color: #000000;">Washington, D.C. 20549</div>
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          <td style="width: 17.35%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">SCHEDULE 13D</div>
          </td>
          <td style="width: 17.34%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="text-align: center; color: #000000;">Under the Securities Exchange Act of 1934<br>
      (Amendment No.&#160;2)*</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">Koss Corporation</div>
    <div style="text-align: center; color: #000000;">(Name of Issuer)</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Common Stock</div>
    <div style="text-align: center; color: #000000;">(Title of Class of Securities)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">500692108</div>
    <div style="text-align: center; color: #000000;">(CUSIP Number)</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">David D. Smith</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Koss Corporation</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">4129 North Port Washington Avenue&#160;</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Milwaukee,&#160;WI&#160;&#160;53212</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">(414) 967-1500</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">(Name, Address and Telephone Number of Person</div>
    <div style="text-align: center; color: #000000;">Authorized to Receive Notices and Communications)</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">March 10, 2021</div>
    <div style="text-align: center; margin-bottom: 12pt; color: #000000;">(Date of Event which Requires Filing of this Statement)</div>
    <div style="text-align: justify; color: #000000;">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 &#167;&#167;240.13d-1(e),
      240.13d-1(f) or 240.13d-1(g), check the following box. &#9744;</div>
    <div style="text-align: justify; margin-top: 5pt; margin-bottom: 5pt; color: #000000;"><font style="font-weight: bold;">Note</font>: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all
      exhibits. See &#167;240.13d-7 for other parties to whom copies are to be sent.</div>
    <div style="text-align: justify; margin-top: 5pt; margin-bottom: 5pt; color: #000000;"><font style="font-size: 8pt;">*</font>&#160;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.</div>
    <div style="text-align: justify; color: #000000;">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).</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></div>
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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          <td colspan="6" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">CUSIP No. 500692108</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">1.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Names of Reporting Persons</div>
            <div style="margin: 9px 0px 0px; color: #000000; font-weight: bold;">John C. Koss Jr.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="color: #000000;">2.</div>
          </td>
          <td colspan="4" style="vertical-align: middle;">
            <div style="color: #000000;">Check the Appropriate Box if a Member of a Group (See Instructions)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="vertical-align: middle; padding-bottom: 1px; width: 4%;">
            <div style="color: #000000;">(a)</div>
          </td>
          <td colspan="3" rowspan="1" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">&#160;&#9744;</div>
          </td>
        </tr>
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          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="vertical-align: middle; padding-bottom: 1px; width: 4%;">
            <div style="color: #000000;">(b)</div>
          </td>
          <td colspan="3" rowspan="1" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">&#160;&#9744;</div>
          </td>
        </tr>
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            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">3.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">SEC Use Only</div>
          </td>
        </tr>
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          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">4.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Source of Funds (See Instructions)</div>
            <div style="margin: 9px 0px 0px; color: #000000; font-weight: bold;">PF and OO (See Item 3)</div>
          </td>
        </tr>
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          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">5.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)&#160; &#160;&#160; &#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">6.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Citizenship or Place of Organization</div>
            <div style="margin: 9px 0px 0px; color: #000000; font-weight: bold;">United States</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" rowspan="4" style="vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000;">Number of<br>
              Shares<br>
              Beneficially<br>
              Owned by<br>
              Each<br>
              Reporting<br>
              Person With</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">7.</div>
          </td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Sole Voting Power<br>
              <font style="font-weight: bold;">212,161</font><sup style="font-weight: bold;">(1)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">8.</div>
          </td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Shared Voting Power<br>
              <font style="font-weight: bold;">2,812,026 </font><sup style="font-weight: bold;">(2)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">9.</div>
          </td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Sole Dispositive Power</div>
            <div style="color: #000000; font-weight: bold;"><font style="font-weight: bold;">212,161</font><sup> (1)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">10.</div>
          </td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Shared Dispositive Power</div>
            <div style="color: #000000; font-weight: bold;">2,812,026 <sup>(2)</sup></div>
            <div style="color: #000000; font-weight: bold;"><sup> <br>
              </sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">11.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Aggregate Amount Beneficially Owned by Each Reporting Person</div>
            <div style="color: #000000; font-weight: bold;">3,024,187<sup>&#160; (1)(2)</sup></div>
            <div style="color: #000000; font-weight: bold;"><sup> <br>
              </sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">12.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)&#160;&#160; &#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">13.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Percent of Class Represented by Amount in Row (11)</div>
            <div style="margin: 9px 0px 0px; color: #000000; font-weight: bold;">35.5%<sup>&#160; </sup><sup>(3)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 1px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; padding-bottom: 1px;">
            <div style="color: #000000;">14.</div>
          </td>
          <td colspan="4" style="vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="color: #000000;">Type of Reporting Person (See Instructions)</div>
            <div style="margin: 9px 0px 0px; color: #000000; font-weight: bold;">IN</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 82%; vertical-align: middle;">&#160;</td>
        </tr>

    </table>
    <div style="color: #000000;"> <br>
    </div>
    <div style="color: #000000;">
      <hr noshade="noshade" align="left" style="height: 1px; width: 20%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">(1) Consists of <font style="font-weight: normal;">212,161</font> shares held
      directly.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="color: #000000;">(2) Consists of (i) 1,000,885 shares held by the Koss Family Trust, of which the Reporting Person is co-trustee; (ii) 983,800 shares held by K.F.T. Corporation, over which the Reporting Person has shared voting and
      dispositive power as power of attorney; (iii) 707,949 shares held by The Nancy L. Koss 2012 Trust, Dated 12/20/12, of which the Reporting Person is co-trustee, and (iv) 119,392 shares allocated to the Reporting Person through the Koss Corporation
      Employee Stock Ownership Plan (the &#8220;ESOP&#8221;).</div>
    <div style="color: #000000;">(3) Based on 8,516,823 shares of common stock outstanding as of March 11, 2021.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="5" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z2eb73f86b55e43af888415185a726cdc">

        <tr>
          <td style="width: 8%; vertical-align: top; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Item 1.</div>
          </td>
          <td style="width: 92%; vertical-align: top; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Security and Issuer</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: justify; color: #000000;">This Statement on Schedule 13D relates to the shares of common stock, $0.005 par value (the &#8220;Common Shares&#8221;), issued by Koss Corporation, a Delaware corporation (the &#8220;Issuer&#8221;). The principal
              executive offices of the Issuer are located at 4129 North Port Washington Avenue, Milwaukee, Wisconsin 53212.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Item 2.</div>
          </td>
          <td style="width: 92%; vertical-align: top; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Identity and Background</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: justify; color: #000000;">(a)&#160; This Statement is being filed by John C. Koss Jr. (the &#8220;Reporting Person&#8221;).</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">(b)&#160; The principal business address of the Reporting Person is 4129 North Port Washington Avenue, Milwaukee, Wisconsin, 53212.</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="text-align: justify;">(c)&#160; The principal business occupation of <font style="color: #000000;">the Reporting Person</font> is Vice President of Sales of the Issuer.</div>
            <div style="text-align: justify;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">(d)-(e)&#160; During the last five years, the Reporting Person has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil
              proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject
              to, federal or state securities laws or finding any violation with respect to such laws.<br>
              <br>
            </div>
            <div style="text-align: justify; color: #000000;">(f)&#160;&#160;&#160;&#160; The Reporting Person is a citizen of the United States of America.</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Item 3.</div>
          </td>
          <td style="width: 92%; vertical-align: top; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Source and Amount of Funds or Other Consideration</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: justify; color: #000000;">On November 5, 2012, the Koss Family Trust Dated 9/11/12 (the &#8220;Family Trust&#8221;) acquired 1,000,885 Common Shares pursuant to a gift; the Family Trust paid no consideration for these shares.</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="color: rgb(0, 0, 0); text-align: justify;">John C. Koss, the Reporting Person&#8217;s father, contributed Common Shares to capitalize K.F.T. Corporation (&#8220;KFT&#8221;) from time to time until 2006, as a result of which KFT accumulated 983,800
              Common Shares.</div>
            <div style="color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">On December 21, 2012, the Nancy L. Koss 2012 Trust Dated 12/20/2012 (the &#8220;2012 Trust&#8221;) acquired 757,949 Common Shares pursuant to a gift; the trust paid no consideration for these shares.</div>
            <div style="text-align: justify;">&#160;</div>
            <div style="text-align: justify; color: #000000;">The 119,392 shares designated to the Reporting Person&#8217;s ESOP account were allocated to his ESOP account by the Issuer in gradual increments, from January 1, 1981 to present, in consideration for
              the Reporting Person&#8217;s employment services to the Issuer.</div>
            <div style="text-align: justify;">&#160;</div>
            <div style="text-align: justify; color: #000000;">The <font style="font-weight: normal;">212,161</font> shares held by the Reporting Person directly were acquired by the Reporting Person in gradual increments, from the 1970s to present,
              through (i) a series of purchases made with the Reporting Person&#8217;s personal funds, (ii) the exercise of stock options granted to the Reporting Person by the Issuer in consideration for his employment, and (iii) gifts from his father, John C.
              Koss, Sr.</div>
            <div style="text-align: justify;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Item 4.</div>
          </td>
          <td style="width: 92%; vertical-align: top; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Purpose of Transaction</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <table cellspacing="0" cellpadding="5" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: rgb(0, 0, 0); text-align: justify;">All of the Common Shares beneficially owned by the Reporting Person were acquired for investment purposes.&#160; As of the date of this statement, the Reporting Person does not have any plans or
              proposals that would result in any of the matters set forth in subparagraphs (a)-(j) of Schedule 13D except as set forth herein.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Item 5.</div>
          </td>
          <td style="width: 92%; vertical-align: top; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Interest in Securities of the Issuer</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: rgb(0, 0, 0); text-align: justify;">(a)&#160; The Reporting Person beneficially owns 3,024,187 Common Shares, representing approximately 35.5% of the Common Shares issued and outstanding.&#160; The percentages are computed based on
              8,516,823 Common Shares outstanding as of March 11, 2021.</div>
            <div style="color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">(b)&#160; The Reporting Person has:</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;">(i)&#160;&#160; sole power to vote or direct the vote of <font style="font-weight: normal;">212,161</font> Common Shares;</div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;">(ii)&#160; shared power to vote or direct the vote of 2,812,026 Common Shares;</div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;">(iii)&#160; sole power to dispose or direct the disposition of <font style="font-weight: normal;">212,161</font> Common Shares; and</div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;">(iv)&#160; shared power to dispose or direct the disposition of 2,812,026 Common Shares.</div>
            <div style="text-align: justify; text-indent: 36pt; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">The Family Trust, the Reporting Person (as co-trustee of the Family Trust) and Michael J. Koss (as co-trustee of the Family Trust) may be deemed to have shared voting and dispositive power with
              respect to the 1,000,885 Common Shares held by the Family Trust. Michael J. Koss is a citizen of the United States of America.&#160; The principal business address of Michael J. Koss is 4129 North Port Washington Avenue, Milwaukee, Wisconsin,
              53212; and his principal occupation is President and Chief Executive Officer of the Issuer.<br>
              <br>
            </div>
            <div style="text-align: justify; color: #000000;">KFT, and the Reporting Person and Michael J. Koss (who together hold power of attorney for their father, the sole stockholder of the voting stock of KFT) may be deemed to have shared voting and
              dispositive power with respect to the 983,800 Common Shares held by KFT.</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">The Reporting Person, Principal Financial Group (&#8220;PFG&#8221;) (as trustee of the ESOP) and the ESOP may be deemed to have shared voting and dispositive power with respect to the 119,392 Common Shares
              held by the ESOP that are allocated to the Reporting Person&#8217;s account thereunder. PFG is a corporation incorporated under the laws of the State of Delaware. Its common stock is publicly traded on the New York Stock Exchange under the ticker
              symbol PFG. PFG is a holding company. The address of its principal business and principal office is 711 High Street, Des Moines, IA 50392.</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">The 2012 Trust, the Reporting Person (as co-trustee of the 2012 Trust) and Michael J. Koss (as co-trustee of the 2012 Trust) may be deemed to share voting and dispositive power with respect to
              the 707,949 Common Shares held by the Trust.&#160; The Trust is organized under the laws of Wisconsin.&#160; The principal business address of the 2012 Trust is 1492 W. Calumet Ct Milwaukee, WI 53217.&#160; The principal business of the 2012 Trust is
              holding, managing and distributing the property of the 2012 Trust and the proceeds therefrom.</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="color: rgb(0, 0, 0); text-align: justify;">During the last five years, Michael J. Koss has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding
              of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to,
              federal or state securities laws or finding any violation with respect to such laws.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <table cellspacing="0" cellpadding="5" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td colspan="2" rowspan="1" style="width: 8%; vertical-align: top; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: justify; color: #000000;">(c)&#160; On February 25, 2021, the Reporting Person sold an aggregate of 10,000 Common Shares in open market broker transactions at a weighted average price of $30.13 per share, at prices ranging
              from $30.02 to $30.62.&#160; On February 26, 2021, the Reporting Person donated an aggregate of 10,000 Common Shares to charity.&#160; On March 10, 2021, the Reporting Person sold an aggregate of (i) 10,000 Common Shares in open market broker
              transactions at a price of $25.22 per share, (ii) 10,000 Common Shares in open market broker transactions at a weighted average price of $27.95 per share, at prices ranging from $27.90 to $28.00 per share, (iii) 5,000 Common Shares in open
              market broker transactions at a price of $30.00 per share, and (iv) 4,000 Common Shares in open market broker transactions at a weighted average price of $36.72 per share, at prices ranging from $36.67 to $36.81 per share. The Reporting
              Person undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this paragraph. On March 11, 2021,
              the Reporting Person donated an aggregate of 5,000 Common Shares to charity.</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">(d)&#160; Not applicable.</div>
            <div style="text-align: justify; color: #000000;"> <br>
            </div>
            <div style="text-align: justify; color: #000000;">(e)&#160; Not applicable.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Item 6.</div>
          </td>
          <td style="width: 92%; vertical-align: top; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: justify; color: #000000;">
              <div style="font-family: 'Times New Roman',Times,serif;">The Reporting Person holds the following stock
                  options, exercisable for an aggregate of 250,000 shares of common stock of the Issuer: (1) options to&#160;purchase an aggregate of 25,000 Common
                  Shares at an exercise price of $1.95 per share, granted in July 2017; (2) options to purchase an&#160;aggregate of 50,000 Common Shares at an exercise
                  price of $2.92 per share, granted in July 2018; (3) options to purchase an aggregate of&#160;75,000 Common Shares at an exercise price of $2.17 per
                  share, granted in July 2019 and (4) options to purchase an aggregate of 100,000&#160;Common Shares at an exercise price of $1.90 per share, granted in
                  July 2020. These options were granted by the Issuer in consideration for the&#160;employment services of the Reporting Person. Each option grant vests
                  in four equal annual installments, with the first 25% vesting one year after the date of the grant. The options expire five years from the
                  respective dates of grant.</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Item 7.</div>
          </td>
          <td style="width: 92%; vertical-align: top; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000; font-weight: bold;">Material to Be Filed as Exhibits</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="color: #000000;">None.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold; color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; margin-bottom: 12pt; color: #000000; font-weight: bold;">SIGNATURES</div>
    <div style="margin-bottom: 12pt; color: #000000;">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.</div>
    <div style="margin-bottom: 12pt; color: #000000;">March 16, 2021</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zf4dc3fd744e541f3ae19de27c776c7a1">

        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">JOHN C. KOSS JR.</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 50%; vertical-align: top; padding-bottom: 1px;">&#160;</td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 1px;">
            <div style="font-family: 'Times New Roman', Times, serif;">By:</div>
          </td>
          <td style="width: 35%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman', Times, serif;">/s/ <font style="font-style: italic;">John C. Koss Jr.</font></div>
          </td>
          <td style="width: 12%; vertical-align: top; padding-bottom: 1px;">&#160;</td>
        </tr>

    </table>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div><br>
    </div>
  </div>
  <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
