Susan D. Hudson & Group File 13D for Mid Penn Bancorp
Ticker: MPB · Form: SC 13D · Filed: Nov 8, 2024 · CIK: 879635
Sentiment: neutral
Topics: ownership-change, activism-potential, filing
Related Tickers: MIDP
TL;DR
**MIDP 13D FILED: Hudson & Group now collectively reporting significant stake. Watch for activism.**
AI Summary
On November 4, 2024, Susan D. Hudson filed a Schedule 13D, indicating a change in beneficial ownership of Mid Penn Bancorp Inc. The filing was made by Hudson, along with General American Capital, LLC, Indiana Pacific General Trust, and Philip A. Norcross, collectively referred to as the "Group". The specific percentage of shares owned or controlled by the Group is not detailed in this excerpt, but the filing signifies a coordinated action regarding the company's stock.
Why It Matters
This filing signals a potential shift in control or influence over Mid Penn Bancorp, Inc. by a group of significant shareholders, which could lead to strategic changes or activism.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant corporate actions, introducing uncertainty and potential volatility.
Key Players & Entities
- Susan D. Hudson (person) — Filer and beneficial owner
- Mid Penn Bancorp Inc. (company) — Subject company
- General American Capital, LLC (company) — Member of the reporting group
- Indiana Pacific General Trust (company) — Member of the reporting group
- Philip A. Norcross (person) — Member of the reporting group
- Sullivan & Cromwell LLP (company) — Legal counsel for Susan D. Hudson
FAQ
What is the total percentage of Mid Penn Bancorp, Inc. shares beneficially owned by the Group?
The provided excerpt does not specify the total percentage of shares beneficially owned by the Group (Susan D. Hudson, General American Capital, LLC, Indiana Pacific General Trust, and Philip A. Norcross).
When was the event that triggered this Schedule 13D filing?
The date of the event which requires filing of this statement is November 4, 2024.
Who is authorized to receive notices and communications for this filing?
Susan D. Hudson is authorized to receive notices and communications, with a copy to H. Rodgin Cohen and Mitchell S. Eitel of Sullivan & Cromwell LLP.
What is the CUSIP number for Mid Penn Bancorp, Inc. common stock?
The CUSIP number for Mid Penn Bancorp, Inc. Common Stock, par value $0.01 per share, is 59540G107.
What is the primary business of Mid Penn Bancorp Inc. according to the filing?
Mid Penn Bancorp Inc. is classified under Standard Industrial Classification code 6022, which corresponds to 'Commercial Banks'.
Filing Stats: 2,744 words · 11 min read · ~9 pages · Grade level 10.8 · Accepted 2024-11-08 10:45:58
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
- $29.50 — of Common Stock at a price per share of $29.50 through an underwritten offering of Com
- $30.60 — the open market at a price per share of $30.60. The aggregate purchase price for such
- $26,635,600 — e purchase price for such purchases was $26,635,600 and the source of funds for such purcha
- $295,000 — e purchase price for such purchases was $295,000 and the source of funds for such purcha
- $1,560,600 — ate sale price for such disposition was $1,560,600. Item4. Purpose of the Transaction.
Filing Documents
- d869518dsc13d.htm (SC 13D) — 90KB
- d869518dex7a.htm (EX-7.A) — 6KB
- 0001193125-24-253858.txt ( ) — 97KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Date: November 8, 2024 General American Capital, LLC By: /s/ Susan D. Hudson Name: Susan D. Hudson Title: Manager Indiana Pacific General Trust By: /s/ Susan D. Hudson Name: Susan D. Hudson Title: Trustee Susan D. Hudson By: /s/ Susan D. Hudson Philip A. Norcross By: /s/ Philip A. Norcross