Colombo Trust Updates Dick's Sporting Goods Stake
Ticker: DKS · Form: SC 13D/A · Filed: Mar 19, 2024 · CIK: 1089063
| Field | Detail |
|---|---|
| Company | Dick'S Sporting Goods, INC. (DKS) |
| Form Type | SC 13D/A |
| Filed Date | Mar 19, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-filing
Related Tickers: DKS
TL;DR
Colombo Trust filed an amendment on their Dick's Sporting Goods stake. Watch for details.
AI Summary
William J. Colombo, as Trustee of the William Colombo Trust, has amended their Schedule 13D filing regarding Dick's Sporting Goods, Inc. The amendment, filed on March 19, 2024, indicates a change in the reporting person's holdings or intentions concerning the company's common stock. The specific details of the change in beneficial ownership or the nature of the amendment are not fully elaborated in the provided text, but it signifies an update to their previous filing.
Why It Matters
This filing amendment by a significant trust holder like the Colombo Trust can signal shifts in major shareholder sentiment or strategy, potentially impacting Dick's Sporting Goods' stock price and corporate governance.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings can indicate significant changes in a major shareholder's position or intentions, which could lead to stock volatility.
Key Numbers
- 0001089063 — Central Index Key (Identifier for Dick's Sporting Goods, Inc.)
- 253393102 — CUSIP Number (Identifier for Dick's Sporting Goods, Inc. Common Stock)
Key Players & Entities
- William J. Colombo (person) — Reporting person and Trustee
- William Colombo Trust (company) — Filing entity
- Dick's Sporting Goods, Inc. (company) — Subject company
- Elizabeth Baran (person) — Authorized to receive notices
FAQ
What specific change in beneficial ownership or intent is being reported in this SC 13D/A amendment?
The provided text is an excerpt and does not detail the specific changes in beneficial ownership or intent; it only states that an amendment (No. 2) has been filed.
When was the event that triggered this Schedule 13D/A filing?
The date of the event which requires filing of this statement is March 15, 2024.
Who is the subject company and what is its ticker symbol?
The subject company is Dick's Sporting Goods, Inc. The ticker symbol is not explicitly provided in this excerpt, but it is commonly DKS.
What is the business address and phone number for Dick's Sporting Goods, Inc. as listed in the filing?
The business address is 345 Court Street, Coraopolis, Pennsylvania 15108, and the business phone number is 724-273-3400.
Is this the initial Schedule 13D filing or an amendment?
This is an amendment, specifically Amendment No. 2, to a Schedule 13D filing.
Filing Stats: 2,151 words · 9 min read · ~7 pages · Grade level 10.2 · Accepted 2024-03-19 16:05:51
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- d792121dsc13da.htm (SC 13D/A) — 51KB
- d792121dex991.htm (EX-99.1) — 3KB
- 0001193125-24-071272.txt ( ) — 56KB
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
to the Original Schedule 13D is hereby amended and restated as follows
Item 5 to the Original Schedule 13D is hereby amended and restated as follows: (a) - (b) William J. Colombo has the sole voting power over 9,261,972 shares (13.77% of the outstanding common stock on an as-converted basis) and sole dispositive power over 9,259,964 shares (13.77% of the outstanding common stock on an as-converted basis). In the aggregate, William J. Colombo has beneficial ownership of 9,261,972 shares (or 13.77%) of the common stock, which amount includes the 8,818,615 shares referenced in the next paragraph. The Trust, through William J. Colombo as sole Trustee, has the sole voting and dispositive power over 8,728,222 shares of Class B common stock and 90,393 shares of common stock (13.18% of the outstanding common stock on an as-converted basis). The above calculations are based upon the number of outstanding shares of common stock reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended October 28, 2023. (c) On September 8, 2023, the Trust, for which William J. Colombo has sole voting and dispositive power as a Trustee, but no pecuniary interest, acquired 90,393 shares of common stock in the open market, and on March 15, 2024, the Trust entered into a purchase agreement to privately acquire 40,000 shares of Class B common stock. (d) - (e) N/A Item6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. The information set forth in Items 3, 4 and 5 is incorporated by reference to this Item 6. Except as otherwise described in this Amendment and the Original Schedule 13D, neither Reporting Person has any contracts, arrangements, understandings or relationships (legal or otherwise) with any persons with respect to any securities of the Issuer, including but not limited to the transfer or voting of any securities, finders fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.