Parke Bancorp Ownership Update Filed

TL;DR

Jacob Shemer updated his Parke Bancorp stake filing. Watch for more details.

AI Summary

Jacob Shemer, through an amendment filed on March 25, 2024, has updated his Schedule 13D filing regarding Parke Bancorp, Inc. The filing indicates a change in beneficial ownership as of February 28, 2024. The specific details of the ownership change and the total number of shares held are not fully disclosed in the provided text.

Why It Matters

This filing signals a potential shift in control or significant stakeholding in Parke Bancorp, Inc., which could influence the company's future strategic decisions and stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty for investors.

Key Players & Entities

• Parke Bancorp, Inc. (company) — Subject company
• Jacob Shemer (person) — Filing person
• Geoffrey R. Morgan (person) — Authorized contact
• Croke Fairchild Duarte & Beres LLC (company) — Legal counsel

FAQ

Key Financial Figures

• $0.10 — me of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securiti

Filing Documents

• formsc13da.htm (SC 13D/A) — 162KB
• ex-1.htm (EX-1) — 11KB
• 0001493152-24-011150.txt ( ) — 175KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 1 Parke Bancorp, Inc. (Name of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securities) 700885106 (Cusip Number) Geoffrey R. Morgan Croke Fairchild Duarte & Beres LLC 180 N. LaSalle Street, Suite 3400 Chicago, IL 60601 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 28, 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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on 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). SCHEDULE 13D CUSIP No. 700885106 1 Name of Reporting Person: I.R.S. Identification Nos. of Above Person (entities only): Jacob Shemer 2 Check the Appropriate Box if a Member of a Group (See Instructions): (a) (b) 3 SEC Use Only: 4 Source of Funds (See Instruction): PF 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): 6 Citizenship or Place of Organization: Israel Number of Shares Beneficially Owned by Each Reporting Person With 7 Sole Voting Power: 0 8 Shared Voting Power: 609,567 9 Sole Dispositive Power: 0 10 Shared Dispositive Power: 609,567 11 Aggregate Amount Beneficially Owned by Each Reporting Person: 609,567 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13 Percent of Class Represented by Amount in Row (11): 5.09% 14 Type of Reporting Person (See Instructions): IN 1 Based on 11,958,321 shares of Common Stock outstanding as of March 11, 2024, as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2024. SCHEDULE 13D CUSIP No. 700885106 1 Name of Reporting Person: I.R.S. Identification Nos. of Above Person (entities only): Alphabeta AI Multi Strategy, LP 2 Check the Appropriate Box if a Member of a Group (See Instructions): (a) (b) 3 SEC Use Only: 4 Source of Funds (See Instruction): WC 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): 6 Citizenship or Place of Organization: Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7 Sole Voting Power: 3,753 8 Shared Voting Power: — 9 Sole Dispositive Power: 3,753 10 Shared Dispositive Power: — 11 Aggregate Amount Beneficially Owned by Each Reporting Person: 3,753 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13 Percent of Class Represented by Amount in Row (11): Less than 1% 14 Type of Reporting Person (See Instructions): PN 2 Based on 11,958,321 shares of Common Stock outstanding as of March 11, 2024, as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2024. SCHEDULE 13D CUSIP No. 700885106 1 Name of Reporting Person: I.R.S. Identification Nos. of Above Person (entities only): Ron Shemer 2 Check the Appropriate Box if a Member of a Group (See Instructions): (a) (b) 3 SEC Use Only: 4 Source of Funds (See Instruction): PF 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): 6 Citizenship or Place of Organization: Israel and United States Number of Shares Beneficially Owned by Each Reporting Person With 7 Sole Voting Power: 8,400 8 Shared Voting Power: 609,567 9 Sole Dispositive Power: 8,400 10 Shared Dispositive Power: 609,567 11 Aggregate Amount Beneficially Owned by Each Reporting Person: 617,967 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13 Percent of Class Represented by Amount in Row (11): 5.17 % 3 14 Type of Reporting Person (See Instructions): IN 3 Based on 11,958,321 shares of Common Stock outstanding as of March 11, 2024, as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on Ma

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