Yorkmont Capital Updates Stake in Where Food Comes From, Inc.
Ticker: WFCF · Form: SC 13D/A · Filed: Jan 4, 2024 · CIK: 1360565
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor, ownership-change
TL;DR
**Yorkmont Capital just updated its stake in Where Food Comes From, Inc., signaling a potential shift in their investment.**
AI Summary
Yorkmont Capital Partners, LP, an investment firm, filed an Amendment No. 9 to its Schedule 13D on January 4, 2024, indicating a change in its beneficial ownership of Where Food Comes From, Inc. common stock as of December 31, 2023. This filing updates previous disclosures, signaling that Yorkmont Capital Management, LLC is the authorized entity for communications. This matters to investors because it provides transparency into a significant shareholder's position, which can influence stock price and corporate governance.
Why It Matters
This filing shows an update to a major investor's holdings, which can signal their ongoing confidence or changing strategy regarding Where Food Comes From, Inc. stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a significant shareholder and does not inherently indicate high risk, but rather provides transparency.
Analyst Insight
Investors should review the full filing to understand the specific changes in Yorkmont Capital Partners, LP's holdings and consider how this might align with their own investment thesis for Where Food Comes From, Inc.
Key Players & Entities
- Yorkmont Capital Partners, LP (company) — the filing person and investment firm
- Where Food Comes From, Inc. (company) — the subject company whose stock is being reported
- Yorkmont Capital Management, LLC (company) — the entity authorized to receive notices and communications
- December 31, 2023 (date) — the date of the event requiring the filing
FAQ
What is the purpose of this specific SC 13D/A filing?
This SC 13D/A filing is Amendment No. 9 to a Schedule 13D, indicating an update to previously disclosed information regarding beneficial ownership of Where Food Comes From, Inc. common stock by Yorkmont Capital Partners, LP.
Who is the 'subject company' in this filing?
The subject company in this filing is Where Food Comes From, Inc., identified by CIK 0001360565 and CUSIP Number 96327X101.
Who is the 'filing person' for this document?
The filing person is Yorkmont Capital Partners, LP, with CIK 0001563674, located at 2313 Lake Austin Blvd, Suite 202, Austin, TX 78703.
What was the 'Date of Event' that triggered this filing?
The Date of Event which required the filing of this statement was December 31, 2023.
Which entity is authorized to receive notices and communications for the filing person?
Yorkmont Capital Management, LLC, located at 2313 Lake Austin Blvd., Suite 202, Austin, TX 78703, is authorized to receive notices and communications for the filing person.
Filing Stats: 1,726 words · 7 min read · ~6 pages · Grade level 10.5 · Accepted 2024-01-04 17:09:06
Key Financial Figures
- $0.001 — relates to the common stock, par value $0.001 per share (the "Common Stock") of Where
- $4,421,769 — res beneficially owned is approximately $4,421,769. The shares owned by Mr. Rein were rece
Filing Documents
- york_sc13da.htm (SC 13D/A) — 134KB
- 0001654954-24-000201.txt ( ) — 135KB
Security and Issuer
Item 1. Security and Issuer This statement on Schedule 13D (this "Statement") relates to the common stock, par value $0.001 per share (the "Common Stock") of Where Food Comes From, Inc. (the "Issuer"), with its principal executive offices located at 202 6th Street, Suite 400, Castle Rock, CO 80104.
Identity and Background
Item 2. Identity and Background
(a) - (c) and (f). This statement is being filed by the following persons
Item 2 (a) - (c) and (f). This statement is being filed by the following persons: Yorkmont Capital Partners, LP, a Texas limited partnership; Yorkmont Capital Management, LLC, is a Texas limited liability company; and Graeme P. Rein (Mr. Rein), is a citizen of the United States of America. Yorkmont Capital Partners, LP is a private investment vehicle engaged in the business of investing in securities. Graeme P. Rein is the managing member of Yorkmont Capital Management, LLC, which is the general partner of Yorkmont Capital Partners, LP. The business address and principal executive offices of the each of the Reporting Persons is 2313 Lake Austin Blvd., Suite 202, Austin, TX 78703. Item 2 (d)-(e) . During the last five years, none of the Reporting Persons have been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Source and Amount of Funds or Other Considerations
Item 3. Source and Amount of Funds or Other Considerations The shares owned by Yorkmont Capital Partners, LP were purchased with working capital. The aggregate purchase price of the 666,302 shares beneficially owned is approximately $4,421,769. The shares owned by Mr. Rein were received as restricted stock grants for service on the Board of Directors.
Purpose of Transaction
Item 4. Purpose of Transaction The Reporting Persons originally acquired the Common Stock subject to this Schedule 13D for investment purposes. The Reporting Persons will review their investments in the Common Stock on a continuing basis, and, subject to applicable law and regulation and depending upon certain factors, including, without limitation, the financial performance of the Issuer, the availability and price of the Common Stock, and other general market and investment conditions, the Reporting Persons may determine to: - acquire additional Common Stock through open market purchases or otherwise; - sell Common Stock through the open market or otherwise; or - otherwise engage or participate in a transaction with the purpose or effect of changing or influencing the control of the Company. 5 Such transactions may take place at any time and without prior notice. There can be no assurance, however, that any Reporting Person will take any such actions.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer (a) The aggregate percentage of the Company's outstanding shares of Common Stock reported owned by each Reporting Person is based on 5,543,871 shares of Common Stock outstanding at November 3, 2023, as reported by the Company on its Form 10-Q, filed with the United States Securities and Exchange Commission on November 13, 2023. Yorkmont Capital Partners, LP beneficially owns 666,302 shares of Common Stock, representing 12.02% of all the outstanding shares of Common Stock. Yorkmont Capital Management, LLC beneficially owns 666,302 shares of Common Stock, representing 12.02% of all the outstanding shares of Common Stock. Yorkmont Capital Management LLC is the general partner of, and controls, Yorkmont Capital Partners, LP. Mr. Rein beneficially owns 667,802 shares of Common Stock, representing 12.05% of all the outstanding shares of Common Stock. Mr. Rein, as the managing member of Yorkmont Capital Management, LLC, may be deemed to beneficially own the 666,802 shares of Common Stock beneficially owned by Yorkmont Capital Partners, LP. (b) Each of Yorkmont Capital Partners, LP, Yorkmont Capital Management, LLC and Mr. Rein may be deemed to have sole voting and dispositive power with respect to the 666,802 shares of Common Stock held by Yorkmont Capital Partners, LP. (c) No transactions in the Common Stock have been effected during the past sixty days by Yorkmont Capital Partners, LP. (d) Not applicable (e) Not applicable
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Mr. Rein serves on the Company's Board of Directors. The relationships between Mr. Rein, Yorkmont Capital Management, LLC, and Yorkmont Capital Partners, LP are described above under Item 2.
Material to Be Filed as Exhibits
Item 7. Material to Be Filed as Exhibits Not applicable 6 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. January 4, 2024 Dated /s/ Graeme P. Rein Signature Graeme P. Rein, Managing Member Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). 7 CUSIP No. 96327X101 EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that the Statement on Schedule 13D dated January 4, 2024 with respect to the shares of Common Stock of Where Food Comes From, Inc. and any further amendments thereto executed by each and any of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13(d)-1(k)(1) under the Securities Exchange Act of 1934, as amended. Dated: January 4, 2024 YORKMONT CAPITAL PARTNERS, LP By: YORMONT CAPITAL MANAGEMENT, LLC its General Partner By: /s/ Graeme P. Rein Graeme P. Rein, General Partner YORKMONT CAPITAL MANAGEMENT, LLC By: /s/ Graeme P. Rein Graeme P. Rein, Managing Member GRAEME P. REIN By: /s/ Graeme P. Rein Graeme P. Rein 8