Dalrymple Family Partnership Holds 339,242 CHFC Shares

TL;DR

**Dalrymple Family Partnership still holds 339,242 shares of CHFC, showing continued insider confidence.**

AI Summary

The Dalrymple Family Limited Partnership, along with group members Henry M. Dalrymple and Matthew D. Dalrymple, filed an Amendment No. 3 to their Schedule 13G for Chemung Financial Corporation (CHFC) on February 8, 2024. This filing indicates they collectively beneficially own 339,242 shares of CHFC's common stock, representing a significant shared voting and dispositive power. This matters to investors because it highlights a substantial, long-term ownership stake by an insider family, suggesting confidence in the company's future, but also potential influence on corporate decisions.

Why It Matters

This filing confirms a significant, stable ownership stake by an insider family, which can signal long-term commitment and confidence in Chemung Financial Corp's value, but also means a large block of shares is controlled by a single entity.

Risk Assessment

Risk Level: low — The filing indicates a stable, long-term ownership by an insider family, which generally reduces risk by aligning interests with shareholders.

Analyst Insight

Investors should note the stable, significant insider ownership by the Dalrymple family, which could indicate long-term stability but also potential for concentrated control over corporate decisions at Chemung Financial Corporation.

Key Numbers

• 339,242 — Shares Beneficially Owned (Represents the total number of shares of Chemung Financial Corporation common stock beneficially owned by the Dalrymple Family Limited Partnership and its group members.)
• $0.01 — Par Value per Share (The stated par value of Chemung Financial Corporation's Common Stock.)
• 164024101 — CUSIP Number (Unique identification number for Chemung Financial Corporation's Common Stock.)
• December 31, 2020 — Date of Event (The date of the event which required the initial filing of this statement, as per the filing.)
• February 8, 2024 — Filing Date (The date this Amendment No. 3 to Schedule 13G was filed with the SEC.)

Key Players & Entities

• Dalrymple Family Limited Partnership (company) — reporting person and beneficial owner
• Henry M. Dalrymple (person) — group member
• Matthew D. Dalrymple (person) — group member
• Chemung Financial Corporation (company) — subject company (issuer)
• New York (company) — place of organization for Dalrymple Family Limited Partnership

Forward-Looking Statements

• The Dalrymple Family Limited Partnership will maintain its significant ownership stake in Chemung Financial Corporation. (Dalrymple Family Limited Partnership) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — ation (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securitie

Filing Documents

• ea193002-13ga3dalry_chemu.htm (SC 13G/A) — 72KB
• 0001213900-24-011572.txt ( ) — 74KB

(a)

Item 1(a) Name of Issuer : Chemung Financial Corporation

(b)

Item 1(b) Address of Issuer’s Principal Executive Offices : One Chemung Canal Plaza Elmira, NY 14901

(a)

Item 2(a) Name of Person Filing : The information required by Item 2(a) is set forth in Row 1 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

(b)

Item 2(b) Address of Principal Business Office or, if none, Residence : The address of Dalrymple Family Limited Partnership is: 2105 South Broadway Pine City, NY 14871 The address of Henry M. Dalrymple is: 990 County Rt. 64 Elmira, NY 14903 The address of Matthew D. Dalrymple is: 2115 Stephens Pl., Ste.210 New Braunfels, TX 78130

(c)

Item 2(c) Citizenship : The information required by Item 2(c) is set forth in Row 4 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

(d)

Item 2(d) Title of Class of Securities : Common Stock, $0.01 par value

(e)

Item 2(e) CUSIP Number : 164024101 Item 3 The information required by Item 3 is set forth in Row 12 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person. Item 4 The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person. Item 5 Not Applicable CUSIP No. 164024101 13G Page 6 of 6 Pages Item 6 The shares set forth in Item 4 are held for the benefit of general and limited partners of Dalrymple Family Limited Partnership, none of whom has the right to receive, or the power to direct the receipt of, dividends or sale proceeds from more than 5% of the class of securities. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person : Not Applicable. Item 8 Identification and Classification of Members of the Group : Not Applicable Item 9 Notice of Dissolution of Group : Not Applicable Item 10 Certification : 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. Dated: February 8, 2024 DALRYMPLE FAMILY LIMITED PARTNERSHIP By: /s/ David J. Dalrymple Name: David J. Dalrymple Title: Vice President Exhibit A Joint Filing Agreement The undersigned

View Full Filing

View this SC 13G/A filing on SEC EDGAR