Spencer Amends Auburn National Bancorporation Stake Filing
Ticker: AUBN · Form: SC 13D/A · Filed: May 22, 2024 · CIK: 750574
| Field | Detail |
|---|---|
| Company | Auburn National Bancorporation, Inc (AUBN) |
| Form Type | SC 13D/A |
| Filed Date | May 22, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-filing
Related Tickers: AUBNC
TL;DR
Spencer updated her 13D filing for AUBNC - watch for changes.
AI Summary
Sandra J. Spencer filed an amendment (Amendment No. 2) to Schedule 13D on May 22, 2024, regarding her beneficial ownership of Auburn National Bancorporation, Inc. The filing indicates a change in her holdings or intentions concerning the company's common stock.
Why It Matters
This filing signals a potential shift in a significant shareholder's position, which could influence the stock's trading activity and future corporate actions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D often indicate a change in a significant shareholder's strategy or stake, which can introduce uncertainty.
Key Numbers
- Amendment No. 2 — Filing Amendment (Indicates this is not the initial filing)
Key Players & Entities
- Sandra J. Spencer (person) — Filing person and beneficial owner
- Auburn National Bancorporation, Inc. (company) — Subject company
- 0001193125-24-144827 (filing_id) — Accession number for the filing
FAQ
What specific changes are detailed in Amendment No. 2 to the Schedule 13D?
The provided text is a header and does not detail the specific changes made in Amendment No. 2. A full review of the document content is required.
Who is Sandra J. Spencer in relation to Auburn National Bancorporation, Inc.?
Sandra J. Spencer is identified as the filing person and authorized to receive notices and communications regarding the Schedule 13D filing for Auburn National Bancorporation, Inc.
What is the CUSIP number for Auburn National Bancorporation, Inc. common stock?
The CUSIP number for Auburn National Bancorporation, Inc. common stock is 050473107.
When was the event requiring this Schedule 13D filing amendment?
The date of the event which requires filing of this statement is May 21, 2024.
What is the primary business of Auburn National Bancorporation, Inc.?
Auburn National Bancorporation, Inc. is classified under Standard Industrial Classification code 6022, which corresponds to State Commercial Banks.
Filing Stats: 1,406 words · 6 min read · ~5 pages · Grade level 7.5 · Accepted 2024-05-22 14:54:26
Key Financial Figures
- $0.01 — me of Issuer) Common stock, Par Value $0.01 per Share (Title of Class of Securiti
Filing Documents
- d650641dsc13da.htm (SC 13D/A) — 35KB
- 0001193125-24-144827.txt ( ) — 37KB
Business
Auburn, Alabama 36830 Present Principal Occupation: Retired from Auburn University Item3. Source and Amount of Funds or Other Consideration. Not applicable. Ms. Sandra J. Spencer acquired the voting and dispositive power over Shares aggregating 5% or more of the Issuers outstanding shares of common stock as a result of the death of Edward L. Spencer, Jr., her father, and Ms. Spencers appointment as his estates (the Edward L. Spencer Estate ) personal representative under Mr. Spencers Will and her becoming the successor to Mr. Spencer as trustee under a trust established by Mr. Spencer. Ms. Spencers appointment as the Estates Personal Representative was confirmed on December 14, 2023 by the Lee County, Alabama Probate Court. Prior to Mr. Spencers death and her appointment as Personal Representative of the Estate, Ms. Spencer held beneficial ownership of less than 1.00% of the Companys outstanding shares of common stock. Upon Mr. Spencers death, Sandra J. Spencer held a power of attorney over 17,000 shares held by her mother, Ruth Spencer. Upon Ruth Spencers death on April 29, 2024, such power of attorney terminated by operation of law. Ruth Spencers Will names Sandra Spencer as personal representative of the Ruth Spencer Estate, subject to probate court confirmation, notice of which was received on May 21, 2024. Sandra J. Spencer is also the trustee of the Ruth P. Spencer 2008 Revocable Trust, where Sandra J. Spencer is the trustee. In the future, the Ruth Spencer Estate will transfer these 17,000 shares it holds to the Ruth P. Spencer 2008 Revocable Trust, which will ultimately distribute these shares equally to trusts for the benefit of each of Sandra J. Spencer and her two brothers. Page 4 of 4 Item4. Purpose of Transaction. To reflect the confirmation of Sandra J. Spencer as Personal Representative of the Ruth Spencer Estate and acting as trustee of the Ruth P. Spencer 2008 Revocable Trust. There are no actio
Signatures
Signatures 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. Date: May 21, 2024 Signature: /s/ Sandra J. Spencer Name: Sandra J. Spencer Title: Individually and as Personal Representative of the Estate of Edward L. Spencer, Jr. and as Trustee of the E.L. Spencer, Jr. 2008 Revocable Trust and as Personal Representative of the Ruth Spencer Estate