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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 7)
Under the Securities Exchange Act of 1934
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ISSUER DIRECT CORPORATION
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(Name of Issuer)
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COMMON STOCK
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(Title of Class of Securities)
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46520M204
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(CUSIP Number)
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12/31/20
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(Date of Event Which Requires Filing of this
Statement)
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Check the appropriate box to designate the rule pursuant
to which this Schedule is filed
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Rule 13d-1(b)
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☒
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Rule 13d-1(c)
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Rule 13d-1(d)
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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 the disclosures provided
in a prior cover page.
The information required in 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. 46520M204
1.
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities
only).
Yorkmont Capital Partners, LP
80-0835231
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2.
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Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) ☐
(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship of Place of Organization
Texas
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
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5.
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Sole Voting Power
194,700
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
194,700
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount Beneficially Owned by each Reporting
Person
194,700
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ☐
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11.
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Percent of Class Represented by Amount in Row 9
5.2%
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12.
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Type of Reporting Person (See Instructions)
PN
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CUSIP No. 46520M204
1.
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities
only).
Yorkmont Capital Management, LLC
45-5389822
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2.
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Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) ☐
(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship of Place of Organization
Texas
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
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5.
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Sole Voting Power
194,700
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
194,700
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount Beneficially Owned by each Reporting
Person
194,700
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ☐
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11.
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Percent of Class Represented by Amount in Row 9
5.2%
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12.
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Type of Reporting Person (See Instructions)
IA
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CUSIP No. 46520M204
1.
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities
only).
Graeme P. Rein
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2.
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Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) ☐
(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship of Place of Organization
United States of America
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
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5.
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Sole Voting Power
244,700
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
244,700
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount Beneficially Owned by each Reporting
Person
244,700
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ☐
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11.
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Percent of Class Represented by Amount in Row 9
6.5%
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12.
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Type of Reporting Person (See Instructions)
IN
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ITEM 1:
(a) Name of Issuer:
Issuer Direct Corporation
(b) Address of Issuer’s
Principal Executive Offices:
1 Glenwood Avenue, Suite 1001, Raleigh NC 27603
ITEM 2:
(a) Name of Person Filing:
This Statement 13G is being filed jointly by Yorkmont Capital
Partners, LP, Yorkmont Capital Management, LLC, and Graeme P. Rein.
Graeme P. Rein is the managing member of Yorkmont Capital
Management, LLC, which is the general partner of Yorkmont Capital
Partners, LP.
(b) Address of Principal Business Office or, if None,
Residence:
2313 Lake Austin Blvd. Suite 202, Austin, TX
78703
(c) Citizenship:
Yorkmont Capital Partners, LP, is a Texas limited
partnership
Yorkmont Capital Management, LLC, is a Texas limited liability
company
Graeme P. Rein is a citizen of the United States of
America.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
46520M204
ITEM 3: IF THIS STATEMENT IS FILED PURSUANT TO
§§240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE
PERSON FILING IS A:
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(a)
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Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o);
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(b)
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c);
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(c)
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Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c);
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(d)
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Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8);
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(e)
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An investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E);
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(f)
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An employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
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(g)
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A parent holding company or control person in accordance with
§ 240.13d-1(b)(1)(ii)(G);
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(h)
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A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3);
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(j)
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A non-U.S. institution, in accordance with
§240.13d-1(b)(1)(ii)(J);
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(k)
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Group, in accordance with
§240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with
§240.13d-1(b)(1)(ii)(J), please specify the type of
institution: ___________________________.
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ITEM 4: OWNERSHIP.
Yorkmont Capital Partners, LP
(a) Amount beneficially owned: 194,700
shares
(b) Percent of class: 5.2% (based on 3,741,752 shares
outstanding as of October 29, 2020 as reported in the
Issuer’s most recently filed 10Q, filed on October 29,
2020)
(c) Number of shares as to which the person
has:
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(i)
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Sole power to vote or to direct the vote: 194,700
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or to direct the disposition of:
194,700
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(iv)
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Shared power to dispose or to direct the disposition of:
0
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Yorkmont Capital Management, LLC
(a) Amount beneficially owned: 194,700
shares
(b) Percent of class: 5.2% (based on 3,741,752 shares
outstanding as of October 29, 2020 as reported in the
Issuer’s most recently filed 10Q, filed on October 29,
2020)
(c) Number of shares as to which the person
has:
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(i)
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Sole power to vote or to direct the vote: 194,700
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or to direct the disposition of:
194,700
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(iv)
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Shared power to dispose or to direct the disposition of:
0
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Graeme P. Rein
(a) Amount beneficially owned: 244,700
shares
(b) Percent of class: 6.5% (based on 3,741,752 shares
outstanding as of October 29, 2020 as reported in the
Issuer’s most recently filed 10Q, filed on October 29,
2020)
(c) Number of shares as to which the person
has:
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(i)
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Sole power to vote or to direct the vote: 244,700
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or to direct the disposition of:
244,700
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(iv)
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Shared power to dispose or to direct the disposition of:
0
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ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A
CLASS.
Not Applicable.
ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON
BEHALF OF ANOTHER PERSON.
Not Applicable.
ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY
THE PARENT HOLDING COMPANY.
Not Applicable.
ITEM 8: IDENTIFICATION AND CLASSIFICATION OF
MEMBERS OF THE GROUP.
See Exhibit A.
ITEM 9: NOTICE OF DISSOLUTION OF
GROUP.
Not Applicable.
ITEM 10: CERTIFICATIONS.
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: January 7, 2021
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YORKMONT CAPITAL PARTNERS, LP
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By:
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YORMONT CAPITAL MANAGEMENT,LLC
its General Partner
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By:
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/s/ Graeme P. Rein
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Graeme P. Rein, General Partner
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YORKMONT CAPITAL MANAGEMENT, LLC
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By:
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/s/ Graeme P. Rein
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Graeme P. Rein, Managing Member
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GRAEME P. REIN
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By:
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/s/ Graeme P. Rein
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Graeme P. Rein
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CUSIP No. 46520M204
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G/A
dated January 7, 2021 with respect to the shares of Common Stock of
Issuer Direct Corporation 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 7, 2021
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YORKMONT CAPITAL PARTNERS, LP
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By:
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YORMONT CAPITAL MANAGEMENT,LLC
its General Partner
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By:
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/s/ Graeme P. Rein
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Graeme P. Rein, General Partner
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YORKMONT CAPITAL MANAGEMENT, LLC
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By:
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/s/ Graeme P. Rein
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Graeme P. Rein, Managing Member
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By:
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/s/ Graeme P. Rein
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Graeme P. Rein
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