Sec Form 13D Filing - TRAGER SCOTT filing for REPUBLIC BANCORP INC (RBCAA) - 2024-02-14

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2

 

(Amendment No. 2)*

 

Republic Bancorp, Inc.

(Name of Issuer)

 

Class A Common Stock

(Title of Class of Securities)

 

760281 204

(CUSIP Number)

 

Steven E. Trager

601 West Market Street

Louisville, Kentucky 40202

(502) 584-3600

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

August 4, 2023

(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 § § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d–7 for other parties to whom copies are to be sent.

 

*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).

 

 

 

CUSIP No.  760281 204
	1.	Names of Reporting Persons. A. Scott Trager
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		o
	3.	SEC Use Only
	4.	Source of Funds
		OO
	5.	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)                                                                                        ¨
	6.	Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With			7.		Sole Voting Power 255,296.123 (1)
			8.		Shared Voting Power 9,899,679 (2)(3)
			9.		Sole Dispositive Power 255,296.123 (1)
			10.		Shared Dispositive Power 62,474 (3)
	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 10,154,975.123 (1)(2)(3)
	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  o
	13.	Percent of Class Represented by Amount in Row (11) 53.09% (4)
	14.	Type of Reporting Person (See Instructions) IN

 

(1) Includes 52,387.719 shares of Class A Common Stock held in the Issuer’s 401(k) plan.

 

(2) Includes 7,165,276 shares of Class A Common Stock held of record by Teebank Family Limited Partnership (“Teebank”), 1,753,796 shares of Class B Common Stock held of record by Teebank, 750,067 shares of Class A Common Stock held of record by Jaytee Properties Limited Partnership (“Jaytee”), and 168,066 shares of Class B Common Stock held of record by Jaytee. The reporting person is a limited partner of Teebank and Jaytee. The reporting person shares voting power over the shares held of record by Teebank and Jaytee with Steven E. Trager and Sheldon Gilman, as a member of the voting committees of Teebank and Jaytee.

 

(3) Includes 60,420 shares of Class A Common Stock and 2,054 shares of Class B Common Stock held by a family trust of which the reporting person is a co-trustee and beneficiary.

 

(4) Percentage was calculated based on the number of shares of Class A Common Stock outstanding as of December 31, 2023 (17,203,355) plus the securities beneficially owned by the reporting person that are currently exercisable for or convertible into shares of Class A Common Stock (1,923,916).

 

 

ITEM 1.

SECURITY AND ISSUER.

 

This Amendment No. 2 to Schedule 13D is being filed by the undersigned, pursuant to §240.13d-1(a), with respect to the Class A voting common stock, no par value (the “Common Stock”) of Republic Bancorp, Inc., a Kentucky corporation (the “Issuer”) whose principal executive offices are located at 601 West Market Street, Louisville, Kentucky 40202. This Amendment No. 2 is being filed to report a material increase in the Reporting Person’s percentage of beneficial ownership of Common Stock resulting primarily from the Issuer’s buybacks of Common Stock since the date of the filing of Amendment No. 1 with the U.S. Securities and Exchange Commission on February 14, 2022.

 

ITEM 5.

INTEREST IN SECURITIES OF THE ISSUER.

 

(a)

As of the date of this Amendment No. 2, Mr. Trager may be deemed to beneficially own 10,154,975.123 shares of Class A Common Stock, representing 53.09% of the Issuer’s outstanding Class A Common Stock.

 

(b)

Number of shares to which Mr. Trager has:

 

(i)

Sole power to vote or direct the vote: 255,296.123

(ii)

Shared power to vote or direct the vote: 9,899,679

(iii)

Sole power to dispose or direct the disposition of: 255,296.123

(iv)

Shared power to dispose or direct the disposition of: 62,474

 

The Steven E. Trager Revocable Trust and the Trager Trust of 2012 are the co-general partners of Teebank Family Limited Partnership (“Teebank”) and Jaytee Properties Limited Partnership (“Jaytee”) and share dispositive power over the shares of Class A Common Stock owned by Teebank and Jaytee. Steven E. Trager is the sole trustee of both the Steven E. Trager Revocable Trust and the Trager Trust of 2012. Steven E. Trager, Mr. Trager and Sheldon Gilman serve as the voting committee having the power to vote shares of Class A Common Stock owned by Teebank and Jaytee. The business address of both Teebank and Jaytee is 601 West Market Street, Louisville, Kentucky 40202.

 

Mr. Trager and Barbara Trager are co-trustees of the Trust and share voting and dispositive power over Issuer shares held in the Trust.

 

The Steven E. Trager Revocable Trust is a Kentucky trust having a business address of 601 West Market Street, Louisville, Kentucky 40202, and it has not been convicted in or been a party to a proceeding described in Items 2(d) or 2(e).

 

The Trager Trust of 2012 is a Kentucky trust having a business address of 601 West Market Street, Louisville, Kentucky 40202, and it has not been convicted in or been a party to a proceeding described in Items 2(d) or 2(e).

 

 

Steven E. Trager is a United States citizen having a business address of 601 West Market Street, Louisville, Kentucky 40202, and he has not been convicted in or been a party to a proceeding described in Items 2(d) or 2(e).

 

Mr. Trager is a United States citizen having a business address of 601 West Market Street, Louisville, Kentucky 40202, and he has not been convicted in or been a party to a proceeding described in Items 2(d) or 2(e).

 

Sheldon Gilman is a United States citizen having a business address of 3513 Winterberry Circle, Louisville, Kentucky 40207, and he has not been convicted in or been a party to a proceeding described in Items 2(d) or 2(e).

 

Trager Family Irrevocable Trust is a Kentucky trust having a business address of 601 West Market Street, Louisville, Kentucky 40202, and it has not been convicted in or been a party to a proceeding described in Items 2(d) or 2(e).

 

Barbara Trager is a United States citizen having a business address of 9021 Bergamot Drive, Prospect, Kentucky 40059, and she has not been convicted in or been a party to a proceeding described in Items 2(d) or 2(e).

 

(c)

Other than as described in this Schedule 13D or as otherwise reported on a Statement of Changes in Beneficial Ownership on Form 4, the Reporting Person has not effected any transactions in shares of the Class A Common Stock or Class B Common Stock during the 60 days preceding the date of this Amendment No. 2.

 

(d)

The Steven E. Trager Revocable Trust and the Trager Trust of 2012 (each a beneficial owner of more than five percent of the class), as co-general partners of Teebank and Jaytee, may have the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer’s securities. In addition, Steven E. Trager, as trustee of certain trusts, and Mr. Trager (each a beneficial owner of more than five percent of the class), among others, are limited partners of Teebank and Jaytee, and thereby possess the right to receive dividends from or the proceeds from the sale of pro rata interests in the Issuer’s securities upon distribution of assets from Teebank or Jaytee.

 

Mr. Trager and Barbara Trager are co-trustees of the Trust and have the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer’s securities.

 

(e)

Not applicable.

 

ITEM 7.

MATERIAL TO BE FILED AS EXHIBITS

 

	99.1	Second Amended and Restated Agreement of Limited Partnership for Teebank Family Limited Partnership dated as of December 28, 2023.
	99.2	Second Amended and Restated Agreement of Limited Partnership for Jaytee Properties Limited Partnership dated as of December 28, 2023.

 

 

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.

 

Date: February 14, 2024	By:	/s/ A. Scott Trager
		A. Scott Trager