DallasNews Corp
96.10%
590,605
1413898
235050200
Sep 9, 2024
Sep 12, 2024, 08:06 PM
Reporting Persons (1)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| DECHERD ROBERT W | Individual | 96.10% | 590,605 | 589,448 | 1,157 |
Disclosure Items (5)
Series B Common Stock, par value $0.01 per share
DallasNews Corp
P.O. Box 224866, DALLAS, TX, 75222-4866
Item 2(b) is amended and restated in its entirety as follows: The principal business address of Mr. Decherd is P.O. Box 655237, Dallas, TX 75265-5237.
Item 2(c) is amended and restated in its entirety as follows: Mr. Decherd is the retired Chief Executive Officer and Chairman of the Board of DallasNews Corporation, a Texas corporation (the "Issuer").
Item 3 is amended and supplemented to add the following information: On September 10, 2024, Mr. Decherd acquired 25,000 shares of Series B common stock, par value $0.01 per share, of the Issuer ("Series B Common Stock") from a third-party individual seller in a privately negotiated transaction at a price of $6.00 per share of Series B Common Stock. The source of funds for such transaction was Mr. Decherd's personal funds.
Item 5(a) is amended and restated in its entirety as follows: As of the date of filing of this Amendment, Mr. Decherd beneficially owns an aggregate of 590,605 shares of Series B Common Stock, representing approximately 96.1% of the shares of Series B Common Stock outstanding as of July 25, 2024. This includes (i) 514,376 shares of Series B Common Stock held by Mr. Decherd directly, (ii) 75,072 shares of Series B Common Stock held by the The Decherd Foundation (the "Foundation"), a charitable foundation established by Mr. Decherd and his spouse and for which Mr. Decherd serves as Chairman and director, and (iii) 1,157 shares of Series B Common Stock owned jointly by Mr. Decherd and his spouse. This number does not include 60 shares of Series B Common Stock owned by Mr. Decherd's spouse, as to which Mr. Decherd disclaims beneficial ownership.
Item 5(b) is amended and restated in its entirety as follows: As of the date of filing of this Amendment, Mr. Decherd has (i) the sole power to vote and sole dispositive power over 589,448 shares of Series B Common Stock (including 75,072 shares of Series B Common Stock held by the Foundation), and (ii) the shared power to vote and shared dispositive power over 1,157 shares of Series B Common Stock held jointly by Mr. Decherd and his spouse.
Item 5(c) is amended and restated in its entirety as follows: Except as disclosed in Item 3 of this Amendment, Mr. Decherd has not effected any other transaction involving shares of Series B Common Stock of the Issuer during the past 60 days.
Item 5(d) is amended and restated in its entirety as follows: The Foundation has the right to receive dividends from, and sales proceeds of, the 75,072 shares of Series B Common Stock reported as beneficially owned by Mr. Decherd as Chairman and director of the Foundation. Mr. Decherd's spouse has the right to receive and the power to direct the receipt of dividends from, and sales proceeds of, the 1,157 shares of Series B Common Stock owned jointly by Mr. Decherd and his spouse. Other than as reported in this Item 5(d), no person other than Mr. Decherd has the right to receive or the power to direct the receipt of dividends from, and sales proceeds of, the shares of Series B Common Stock set forth above.
Item 5(e) is amended and restated in its entirety as follows: Not applicable.