Michael C. Brilley Holds 4.9% Stake in Landmark Bancorp
Ticker: LARK · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1141688
| Field | Detail |
|---|---|
| Company | Landmark Bancorp Inc (LARK) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, passive-investing
TL;DR
**Brilley still owns 4.9% of Landmark Bancorp, watch for future moves.**
AI Summary
Michael C. Brilley, an individual investor, filed an Amendment #6 to his Schedule 13G, indicating he beneficially owns 295,494 shares of Landmark Bancorp, Inc. common stock as of December 31, 2023. This represents a 4.9% ownership stake in the company. This filing is important for investors as it shows a significant individual holder's current position, which could influence stock sentiment or future corporate actions.
Why It Matters
This filing updates Michael C. Brilley's ownership in Landmark Bancorp, showing he maintains a significant, though slightly reduced, stake, which can signal his ongoing confidence or strategic adjustments in the company.
Risk Assessment
Risk Level: low — This is a routine update on an existing passive investment, indicating no immediate high-risk events.
Analyst Insight
Investors should note Michael C. Brilley's continued significant, passive ownership of 4.9% in Landmark Bancorp, Inc. as of December 31, 2023, which suggests stability in this major shareholder's position, but does not signal any imminent strategic changes or activist involvement.
Key Numbers
- 295,494 — Shares Beneficially Owned (Represents Michael C. Brilley's total ownership in Landmark Bancorp, Inc.)
- 4.9% — Percentage of Class (Indicates Michael C. Brilley's significant ownership stake in Landmark Bancorp, Inc.)
- December 31, 2023 — Reporting Date (The specific date for which the ownership information is reported.)
Key Players & Entities
- Michael C. Brilley (person) — Reporting Person, beneficial owner of shares
- Landmark Bancorp, Inc. (company) — Name of Issuer, subject company of the filing
- 295,494 (dollar_amount) — Number of shares beneficially owned by Michael C. Brilley
- 4.9% (dollar_amount) — Percentage of class beneficially owned by Michael C. Brilley
- December 31, 2023 (date) — Date of event requiring the filing
Forward-Looking Statements
- Michael C. Brilley will maintain a significant, passive stake in Landmark Bancorp, Inc. (Michael C. Brilley) — medium confidence, target: Next 12 months
- No immediate activist actions are expected from Michael C. Brilley given the 13G filing type. (Landmark Bancorp, Inc.) — high confidence, target: Next 6 months
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Michael C. Brilley, as stated in 'NAME OF REPORTING PERSON Michael C. Brilley' on the cover page.
What is the name of the issuer whose securities are being reported?
The issuer is Landmark Bancorp, Inc., as identified in 'Landmark Bancorp, Inc. (Name of Issuer)' on the cover page.
How many shares of Common Stock does Michael C. Brilley beneficially own?
Michael C. Brilley beneficially owns 295,494 shares, as indicated in 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 295,494' on the cover page.
What percentage of the class of securities does Michael C. Brilley own?
Michael C. Brilley owns 4.9% of the class of securities, as stated in 'PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.9%' on the cover page.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)' on the cover page.
Filing Stats: 1,468 words · 6 min read · ~5 pages · Grade level 6.9 · Accepted 2024-02-07 09:17:11
Key Financial Figures
- $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
Filing Documents
- 13ga6_brilley.htm (SC 13G/A) — 41KB
- 0000908834-24-000044.txt ( ) — 43KB
(a). Name of Issuer: Landmark Bancorp, Inc
Item 1(a). Name of Issuer: Landmark Bancorp, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: The Issuer's principal executive offices are located at 701 Poyntz Avenue, Manhattan, Kansas 66502.
(a). Name of Person Filing: This Schedule 13G is being filed by Michael C. Brilley
Item 2(a). Name of Person Filing: This Schedule 13G is being filed by Michael C. Brilley. Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the principal business office of the Reporting Person is 3300 IDS Center, 80 South Eighth Street, Minneapolis, Minnesota 55402.
(c). Citizenship: Michael C. Brilley is a citizen of the United States
Item 2(c). Citizenship: Michael C. Brilley is a citizen of the United States.
(d). Title of Class of Securities: Common Stock, par value $0.01 per share
Item 2(d). Title of Class of Securities: Common Stock, par value $0.01 per share.
(e). CUSIP No.: 51504L107
Item 2(e). CUSIP No.: 51504L107 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: _________________. Not Applicable.
Ownership
Item 4. Ownership. (a) Amount Beneficially Owned: The Reporting Person beneficially owns 295,494 shares of Common Stock. The Reporting Person beneficially owns the reported shares in the following capacities: Consists of: (i) 92,186 shares held of record by Mr. Brilley as Trustee of the Michael C. Brilley Revocable Trust; (ii) 51,794 shares held of record in Mr. Brilley's Roth IRA Account; (iii) 2,895 shares held of record by Mr. Brilley as Trustee of the Michael C. Brilley 2013 Grantor Retained Annuity Trust; (iv) 948 shares held of record by Mr. Brilley as Trustee of the Michael C. Brilley 2014 Grantor Retained Annuity Trust; (v) 2,703 shares held of record by Mr. Brilley as Trustee of the Michael C. Brilley 2015 Grantor Retained Annuity Trust; (vi) 3,034 shares held of record by Mr. Brilley as Trustee of the Michael C. Brilley 2016 Grantor Retained Annuity Trust; (vii) 2,725 shares held of record by Mr. Brilley as Trustee of the Michael C. Brilley 2018 Grantor Retained Annuity Trust; (viii) 39,037 shares held of record by Mr. Brilley as Co-Trustee of the Ann W. Brilley Revocable Trust; (ix) 5,800 shares held of record by Michael C. Brilley's wife, Ann W. Brilley, in her Roth IRA Account*; (x) 72,896 shares held of record by the Brilley Family Partnership Trust*; (xi) 8,401 shares held of record by the E.T. Clinton Trust, which Mr. Brilley's uncle established for the benefit of his daughter and Mr. Brilley's cousin, and of which Mr. Brilley serves as Trustee*; (xii) 2,079 shares held of record by Jane A. Gossard, Mr. Brilley's daughter*; (xiii) 1,109 shares held of record by Jane A. Gossard in her Roth IRA Account*; (xiv) 508 shares held of record by the Joseph D. Gossard Gift Trust, which Mr. Brilley established for his grandson*; (xv) 508 shares held of record by the Audrey J. Weinand Gift Trust, which Mr. Brilley established for his granddaughter*; (xvi) 973 shares held of record by the Elizabeth A. Gossard Gift Trust, which Mr. Brilley esta
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following . Not Applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. 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.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not Applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable.
Certifications
Item 10. Certifications. The Reporting Person hereby makes the following certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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, other than activities solely in connection with a nomination under 240.14a-11. SIGNATURE 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. Dated: February 7, 2024 By: /s/ Michael C. Brilley Michael C. Brilley