Bainum Amends Choice Hotels Stake Filing

TL;DR

Bainum updated his Choice Hotels filing on 5/20. Still watching.

AI Summary

Bruce Bainum, through an amendment to a Schedule 13D filing dated May 20, 2024, has updated his stake in Choice Hotels International, Inc. The filing indicates a change in the reporting person's holdings, though specific new dollar amounts or exact share counts are not detailed in this excerpt. This amendment is part of an ongoing disclosure process regarding beneficial ownership.

Why It Matters

This filing signals ongoing activity and potential shifts in significant ownership stakes within Choice Hotels International, which could influence stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate active engagement or potential changes in strategy by significant shareholders, which can introduce volatility.

Key Players & Entities

• Bruce Bainum (person) — Reporting Person
• Choice Hotels International, Inc. (company) — Subject Company
• May 20, 2024 (date) — Date of Event

FAQ

Filing Documents

• d600276dsc13da.htm (SC 13D/A) — 40KB
• 0001193125-24-144544.txt ( ) — 42KB

From the Filing

SC 13D/A 1 d600276dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 11)* CHOICE HOTELS INTERNATIONAL, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 169905-10-6 (CUSIP Number) Christine A. Shreve - 240-295-1600 8171 Maple Lawn Blvd, Suite 375, Fulton, MD 20759 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 20, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b) (3) or (4), check the following box. * The remainder of this cover page shall be filled out for a reporting persons 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). CUSIP No. 169905-10-6 13D Page 2 of 5 1 Name of Reporting Person Bruce D. Bainum (Dr. Bainum or the Reporting Person) 2 Check the Appropriate Box if a Member of a Group* (a)(b) 3 SEC Use Only 4 Source of Funds 00 5 Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items 2(C) or 2(E) 6 Citizenship or Place of Organization USA Number of Shares Beneficially Owned by Each Reporting Person with: 7 Sole Voting 3,100,840 8 Shared Voting Power 6,826,574 9 Sole Dispositive Power 3,100,840 10 Shared Dispositive Power 6,826,574 11 Aggregate Amount Beneficially Owned by Each Reporting Person 9,927,414 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 20.61% 14 Type of Reporting Person IN CUSIP No. 169905-10-6 13D Page 3 of 5 Item1. Security and Issuer (a) Name of Issuer: Choice Hotels International, Inc. (b) Address of Issuers Principal Executive Offices: 915 Meeting Street, Suite 600 Rockville, MD 20852 (c) Title and Class of Securities: Common Stock Item2. Identity and Background (a) Name: Bruce D. Bainum (b) Fulton, MD 20759 (c) Present Principal Employment: Investor; Chair Three Graces Foundation, Inc. (d) Record of Convictions: During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors.) CUSIP No. 169905-10-6 13D Page 4 of 5 (e) Record of Civil Proceedings: During the last five years, the Reporting Person was not 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 such activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship: N/A Item3. Source and Amount of Funds or Other Consideration N/A Item4. Purpose of Transaction On May 20, 2024, Mid Pines Associates LP (MP) dissolved and distributed 910,330 shares of common stock of the Issuer on a prorata basis to its partners. Bruce Bainum was a general partner and had shared voting authority. Bruce Bainum Declaration of Trust(BB Trust) received 130,814 shares from this distribution. The transfer involved no consideration. Item5. Interest in Securities of the Issuer (a) Amount and percentage beneficially owned: Reporting Person: 9,927,414 shares (20.61%) including 2,507,574 shares owned by the Bruce Bainum Declaration of Trust of which Dr. Bainum is the sole trustee and beneficiary. Also includes 5,000 shares owned by Posadas Holdings, LLC, a private company for which he shares voting authority and whose sole members are Dr. Bainum and the BB Trust; 6,821,574 shares owned by White Oak Legacy, Inc. (f/k/a Realty Investment Company, Inc.), in which BB Trust owns voting stock and has shared voting authority; 304,853 shares owned by Three Graces Foundation, Inc., a private foundation for which Dr. Bainum is a Director and has sole voting and dispositive authority; 281,818 shares owned by Charis Advocacy Fund, a tax exempt organization for which Dr. Bainum is a Director and has sole voting and dispositive authority; and 6,595 shares owned by trusts for the benefit of Dr. Bainums descendants for which Dr. Bainum is the sole trustee. (b) Number of shares as to which such person has: (i

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