Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Regional Management Corp.
(Name of Issuer)
Common stock, $0.10 par value
(Title of Class of Securities)
75902K106
(CUSIP Number)
December 31, 2017
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
o |
Rule 13d-1(c) |
x |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting persons 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. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
Type of Reporting Person (See Instructions): | |||||
* Does not include 121,505 shares of Common Stock held by Mr. Godleys wife, Pamela Denise Godley, in her capacity as trustee of two trusts, nor 203,860 shares held by the Tyler Godley 2011 Irrevocable Trust, dated March 28, 2011, for which Ms. Godley serves as Investment Advisor with respect to shares of Common Stock of the Issuer, as disclosed on the following Page 3 and Page 7. Mr. Godley disclaims beneficial ownership of these shares.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: 1. The Pamela Denise Godley Revocable Trust, dated November 3, 2011; and 2. The Haylei D. Tucker Family 2012 Irrevocable Trust, dated December 17, 2012. | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
Type of Reporting Person (See Instructions): | |||||
* These shares of Common Stock are held by The Tyler Godley 2011 Irrevocable Trust, dated March 28, 2011, for which Ms. Godley serves as Investment Advisor with respect to shares of Common Stock of the Issuer. Ms. Godley disclaims beneficial ownership of these shares. Does not include 4,316 shares of Common Stock held by Ms. Godleys husband Richard A. Godley, Sr. as disclosed on the previous page. Ms. Godley disclaims beneficial ownership of these shares.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
Type of Reporting Person (See Instructions): | |||||
* Jerry L. Shirley, a resident of the State of South Carolina passed away on November 5, 2016. His widow, Faye K. Shirley, and Wells Fargo Bank, N.A. are the co-trustees of the Jerry L. Shirley Revocable Trust dated June 4, 2009.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
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Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
Type of Reporting Person (See Instructions): | |||||
* Jerry L. Shirley, a resident of the State of South Carolina passed away on November 5, 2016. His widow, Faye K. Shirley, and Wells Fargo Bank, N.A. are the co-trustees of the Jerry L. Shirley Revocable Trust dated June 4, 2009.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
Type of Reporting Person (See Instructions): | |||||
* Pamela Denise Godley is the investment advisor to the trust with respect to these shares of Common Stock of the Issuer. Ms. Godley disclaims beneficial ownership of these shares.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
Type of Reporting Person (See Instructions): | |||||
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
Type of Reporting Person (See Instructions): | |||||
* This number includes 19,966 shares of Common Stock issuable upon exercise of options held by Mr. Quattlebaum.
** Mr. Quattlebaum holds these shares of Common Stock as a joint tenant with his wife Sherri Quattlebaum.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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12. |
<
p style="margin:0in 0in .0001pt;">Type of Reporting Person (See Instructions): IN | |||||
* Includes 80,131 shares of Common Stock held as a joint tenant with Ms. Quattlebaums husband, C. Glynn Quattlebaum. Does not include 113,987 shares of Common Stock (19,966 of which shares are issuable upon exercise of options) held by Mr. Quattlebaum as reported on the previous page. Ms. Quattlebaum disclaims beneficial ownership of these shares.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
CUSIP No. 75902K106 |
13G |
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1. |
Name of Reporting Persons: | |||||
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2. |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3. |
SEC Use Only | |||||
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4. |
Citizenship or Place of Organization: | |||||
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Number of |
5. |
Sole Voting Power: | |||||
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6. |
Shared Voting Power: | ||||||
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7. |
Sole Dispositive Power: | ||||||
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8. |
Shared Dispositive Power: | ||||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person: | |||||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o | |||||
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11. |
Percent of Class Represented by Amount in Row (9): | |||||
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Type of Reporting Person (See Instructions): | |||||
* 10,311 of this number represent shares of Common Stock issuable upon exercise of options held by Mr. Geddings.
The calculation of the foregoing percentage is based on 11,666,864 shares of Common Stock outstanding as of November 7, 2017 as reported in Regional Management Corp.s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on November 8, 2017.
Item 1. |
(a). |
Name of Issuer |
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(b). |
Address of Issuers Principal Executive Offices: 979 Batesville Road, Suite B Greer, South Carolina 29651 |
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Item 2(a). |
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Name of Person Filing |
Item 2(b). |
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Address of Principal Business Office (i) Richard A. Godley, Sr. (ii) Pamela Denise Godley, as Trustee of (a) the Pamela Denise Godley Revocable Trust, dated November 3, 2011, and (b) the Haylei D. Tucker Family 2012 Irrevocable Trust, dated December 17, 2012 (iii) Faye K. Shirley, as Co-Trustee of the Jerry L. Shirley Revocable Trust, dated June 4, 2009 (iv) Wells Fargo Bank, N.A., as Co-Trustee of the Jerry L. Shirley Revocable Trust, dated June 4, 2009 (v) U.S. Trust Company of Delaware as Trustee of The Tyler Godley 2011 Irrevocable Trust, dated March 28, 2011 (vi) Brenda F. Kinlaw (vii) C. Glynn Quattlebaum (viii) Sherri Quattlebaum (ix) Jesse W. Geddings
c/o Regional Management Corp. 979 Batesville Road, Suite B Greer, South Carolina 29651
The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.
The Reporting Persons have entered into a Joint Filing Agreement, dated February 12, 2018, a copy of which is attached as Exhibit A to this statement on Schedule 13G, pursuant to which the Reporting Persons agreed to file any amendments to this amended statement on Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. |
Item 2(c). |
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Citizenship |
Item 2(d). |
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Title of Class of Securities: |
Item 2(e). |
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CUSIP Number: |
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Item 3. |
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: | |
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Not Applicable. |
Item 4. |
Ownership. | ||
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(a) |
Amount beneficially owned: Pursuant to the Amended and Restated Shareholders Agreement, dated as of March 27, 2012, among the Company, Parallel 2005 Equity Fund, LP, Palladium Equity Partners III, L.P. and the shareholders listed on Annex II thereto (the Shareholders Agreement), each of the Reporting Persons party thereto may have been deemed to be a member of a group exercising voting control over the shares of Common Stock held by certain of them.
The Shareholders Agreement was terminated pursuant to an Amended and Restated Shareholders Agreement Termination dated July 28, 2017 by and among the Company and Reporting Persons holding a majority of the Common Stock held by Reporting Persons (the Termination Agreement), consequently each of the Reporting Persons may no longer be deemed to be a member of a group exercising voting control over the shares of Common Stock held by certain of them as a consequence of being parties to the Shareholders Agreement.
As of December 31, 2017, the Reporting Persons were collectively the beneficial owners of 564,991 shares of Common Stock, including 30,277 shares of Common Stock issuable pursuant to options which are exercisable at December 31, 2017 or exercisable within 60 days of December 31, 2017.
The Shareholders Agreement is filed as Exhibit 10.1 to the Companys Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 2, 2012. The Termination Agreement is filed as Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 8, 2017. | |
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(b) |
Percent of class: See Item 11 of each cover page and Item 4(a) above. | |
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(c) |
Number of shares as to which the Reporting person has: | |
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(i) |
Sole power to vote or to direct the vote: See Item 5 of each cover page. |
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(ii) |
Shared power to vote or to direct the vote: See Item 6 of each cover page. |
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(iii) |
Sole power to dispose or to direct the disposition of: See Item 7 of each cover page. |
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(iv) |
Shared power to dispose or to direct the disposition of: See Item 8 of each cover page. |
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Item 5. |
Ownership of Five Percent or Less of a Class | ||
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following x. | |||
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person. | ||
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See Item 4 above. To the best knowledge of the Reporting Persons, other than as described in Item 4 above, no one other than the Reporting Persons, the partners, members, affiliates or shareholders of the Reporting Persons and any other persons named in Item 4 or Item 8 has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein. | ||
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. | ||
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Not Applicable. | ||
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Item 8. |
Identification and Classification of Members of the Group. | ||
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As stated in Item 4 above, pursuant to the Shareholders Agreement, each of the Reporting Persons party to such agreement may have been deemed to be a member of a group exercising voting control over the shares of Common Stock held by certain of them; however, the Termination Agreement terminated the Shareholders Agreement so no Reporting Person is now a member of a group as a consequence of being party to the Shareholders Agreement. As of December 31, 2017, the Reporting Persons were collectively the beneficial owners of the 564,991 shares of Common Stock. | ||
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Item 9. |
Notice of Dissolution of Group. | ||
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As stated in Item 4 above, pursuant to the Shareholders Agreement, each of the Reporting Persons party to such agreement may have been deemed to be a member of a group exercising voting control over the shares of Common Stock held by certain of them; however, the Termination Agreement terminated the Shareholders Agreement so no Reporting Person is now a member of a group as a consequence of being party to the Shareholders Agreement. |
Item 10. |
Certifications. |
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Not Applicable. |
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.
Dated: February 12, 2018
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/s/ Richard A. Godley, Sr. | |
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RICHARD A. GODLEY, SR. | |
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/s/ Richard A. Godley, Sr. | |
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PAMELA DENISE GODLEY, AS TRUSTEE OF THE PAMELA DENISE GODLEY REVOCABLE TRUST, | |
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DATED NOVEMBER 3, 2011 | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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PAMELA DENISE GODLEY, AS TRUSTEE OF THE HAYLEI D. TUCKER FAMILY 2012 IRREVOCABLE TRUST, | |
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DATED DECEMBER 17, 2012 | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Faye K. Shirley | |
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FAYE K. SHIRLEY, AS CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOCABLE TRUST, DATED JUNE 4, 2009 | |
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BY: WELLS FARGO BANK, N.A., | |
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BY: |
/s/ Robert J. Galey, Jr. |
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NAME: Robert J. Galey, Jr. | |
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TITLE: Vice President |
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.
Dated: February 12, 2018
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U.S. TRUST COMPANY OF DELAWARE AS | |
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TRUSTEE OF THE TYLER GODLEY 2011 IRREVOCABLE TRUST, | |
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DATED MARCH 28, 2011 | |
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BY: |
/s/ Richard A. Godley, Sr. |
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NAME: CATHLEEN MCVEIGH | |
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TITLE: MANAGING DIRECTOR | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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BRENDA F. KINLAW | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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C. GLYNN QUATTLEBAUM | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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SHERRI QUATTLEBAUM | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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JESSE W. GEDDINGS | |
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By Richard A. Godley, Sr., Attorney-in-Fact |
EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended (the Exchange Act), the undersigned agree to the joint filing on behalf of each of them of this amendment to Schedule 13G (and any and all further amendments thereto) with respect to the common stock of Regional Management Corp. In accordance with Rule 13d-1(k) of the Exchange Act, each of the undersigned shall be responsible for the completeness and accuracy of the information concerning such person contained therein, but shall not be responsible for the completeness and accuracy of the information concerning any other person contained therein, unless such person knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Dated February 12, 2018
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/s/ Richard A. Godley, Sr. |
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RICHARD A. GODLEY, SR |
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/s/ Richard A. Godley, Sr. |
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PAMELA DENISE GODLEY, AS TRUSTEE OF THE PAMELA DENISE GODLEY REVOCABLE TRUST, |
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DATED NOVEMBER 3, 2011 |
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By Richard A. Godley, Sr., Attorney-in-Fact |
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/s/ Richard A. Godley, Sr. |
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PAMELA DENISE GODLEY, AS TRUSTEE OF THE HAYLEI D. TUCKER FAMILY 2012 IRREVOCABLE TRUST, |
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DATED DECEMBER 17, 2012 |
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By Richard A. Godley, Sr., Attorney-in-Fact |
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/s/ Faye K. Shirley |
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FAYE K. SHIRLEY, AS CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOCABLE TRUST, DATED JUNE 4, 2009 |
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BY: WELLS FARGO BANK, N.A., AS | |
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CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOCABLE TRUST, DATED JUNE 4, 2009 | |
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BY: |
/s/ Robert J. Galey, Jr. |
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NAME: Robert J. Galey, Jr. | |
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TITLE: Vice President | |
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U.S. TRUST COMPANY OF DELAWARE AS | |
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TRUSTEE OF THE TYLER GODLEY 2011 IRREVOCABLE TRUST | |
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DATED MARCH 28, 2011 | |
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BY: |
/s/ Richard A. Godley, Sr. |
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NAME: CATHLEEN MCVEIGH | |
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TITLE: MANAGING DIRECTOR | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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BRENDA F. KINLAW | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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C. GLYNN QUATTLEBAUM | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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SHERRI QUATTLEBAUM | |
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By Richard A. Godley, Sr., Attorney-in-Fact | |
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/s/ Richard A. Godley, Sr. | |
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JESSE W. GEDDINGS | |
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By Richard A. Godley, Sr., Attorney-in-Fact |