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.
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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. 1)*
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. | ||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||
| (a) | ¨ | ||
| (b) | ¨ | ||
| 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 0 |
| 8. | Shared
Voting Power 0 | |
| 9. | Sole
Dispositive Power 0 | |
| 10. | Shared
Dispositive Power 9,837,205 (1) | |
| 11. | Aggregate
Amount Beneficially Owned by Each Reporting Person 9,837,205 (1) | |
| 12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 13. | Percent
of Class Represented by Amount in Row (11) 51.44% (2) | |
| 14. | Type
of Reporting Person (See Instructions) IN | |
(1) 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.
(2) 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 (1,921,862).
| ITEM 1. | SECURITY AND ISSUER. |
This Amendment No. 1 to Schedule 13D is being filed by the undersigned, pursuant to §240.13d-1(a), 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. 1 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 Schedule 13D filed with the U.S. Securities and Exchange Commission on February 15, 2022.
| ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER. |
(a) As of the date of this Schedule 13D, the 2012 Trust may be deemed to beneficially own 9,837,205 shares of Class A Common Stock, representing 51.44% of the Issuer’s outstanding Class A Common Stock.
(b) Number of shares to which the Reporting Person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 9,837,205
The 2012 Trust has the sole voting and dispositive power with respect to 0 shares of Class A Common Stock.
The 2012 Trust has shared dispositive power with respect to 9,837,205 shares of Class A Common Stock, including:
| · | 7,165,276 shares of Class A Common Stock held of record by 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; and |
| · | 168,066 shares of Class B Common Stock held of record by Jaytee. |
The Steven E. Trager Revocable Trust and the Trager Trust of 2012 are the co-general partners of Teebank and Jaytee and share dispositive power over the shares of Class A Common Stock owned by Teebank and Jaytee. Steven E. Trager is trustee of the Steven E. Trager Revocable Trust. Steven E. Trager is the sole trustee of the Trager Trust of 2012. Steven E. Trager, A. Scott 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 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).
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).
A. Scott 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 par ty to a proceeding described in Items 2(d) or 2(e).
(c) Other than as described in this Schedule 13D, the 2012 Trust 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 Schedule 13D.
(d) The Steven E. Trager Revocable Trust (a beneficial owner of more than five percent of the class), as the other co-general partner 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 (a beneficial owner of more than five percent of the class), among others, is a limited partner of Teebank and Jaytee, and thereby possesses 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.
(e) Not applicable.
| ITEM 7. | MATERIAL TO BE FILED AS EXHIBITS |
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/ Steven E. Trager |
| Steven E. Trager | ||