Filing Details
- Accession Number:
- 0001654954-20-000465
- Form Type:
- 13G Filing
- Publication Date:
- 2020-01-15 17:00:35
- Filed By:
- Yorkmont Capital Partners, Lp
- Company:
- Issuer Direct Corp (NYSEMKT:ISDR)
- Filing Date:
- 2020-01-15
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Yorkmont Capital Partners | 200,000 | 0 | 200,000 | 0 | 200,000 | 5.3% |
| Yorkmont Capital Management | 200,000 | 0 | 200,000 | 0 | 200,000 | 5.3% |
| Graeme P. Rein | 250,000 | 0 | 250,000 | 0 | 250,000 | 6.6% |
Filing
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
(Amendment No.
6)*
Under the
Securities Exchange Act of 1934
| | ISSUER
DIRECT CORPORATION | |
| | (Name of
Issuer) | |
| | | |
| | COMMON
STOCK | |
| | (Title of Class of
Securities) | |
| | | |
| | 46520M204 | |
| | (CUSIP
Number) | |
| | | |
| | 12/31/19 | |
| | (Date of Event
Which Requires Filing of this Statement) | |
| | | |
Check the
appropriate box to designate the rule pursuant to which
this Schedule is filed
| ☐ | Rule
13d-1(b) |
| ☒ | Rule
13d-1(c) |
| ☐ | Rule
13d-1(d) |
*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. | Names of Reporting
Persons. I.R.S.
Identification Nos. of above persons (entities only).
Yorkmont Capital Partners, LP
80-0835231 | ||
| 2. | Check the
Appropriate Box if a Member of a Group (See
Instructions) (a) ☐ (b) ☐ | ||
| 3. | SEC Use
Only | ||
| 4. | Citizenship of
Place of Organization Texas | ||
| Number of
Shares Beneficially Owned by
Each Reporting
Person With | 5. | Sole Voting
Power 200,000 | |
| 6. | Shared Voting
Power 0 | ||
| 7. | Sole Dispositive
Power 200,000 | ||
| 8. | Shared Dispositive
Power 0 | ||
| 9. | Aggregate Amount
Beneficially Owned by each Reporting Person 200,000 | ||
| 10. | Check if the
Aggregate Amount in Row (9) Excludes Certain Shares
☐ | ||
| 11. | Percent of Class
Represented by Amount in Row 9 5.3% | ||
| 12. | Type of Reporting
Person (See Instructions) PN | ||
CUSIP No.
46520M204
| 1. | Names of Reporting
Persons. I.R.S.
Identification Nos. of above persons (entities only).
Yorkmont Capital Management, LLC
45-5389822 | ||
| 2. | Check the
Appropriate Box if a Member of a Group (See
Instructions) (a) ☐ (b) ☐ | ||
| 3. | SEC Use
Only | ||
| 4. | Citizenship of
Place of Organization Texas | ||
| Number of
Shares Beneficially Owned by
Each Reporting
Person With | 5. | Sole Voting
Power 200,000 | |
| 6. | Shared Voting
Power 0 | ||
| 7. | Sole Dispositive
Power 200,000 | ||
| 8. | Shared Dispositive
Power 0 | ||
| 9. | Aggregate Amount
Beneficially Owned by each Reporting Person 200,000 | ||
| 10. | Check if the
Aggregate Amount in Row (9) Excludes Certain Shares
☐ | ||
| 11. | Percent of Class
Represented by Amount in Row 9 5.3% | ||
| 12. | Type of Reporting
Person (See Instructions) IA | ||
CUSIP
No. 46520M204
| 1. | Names of Reporting
Persons. I.R.S.
Identification Nos. of above persons (entities only). Graeme
P. Rein | ||
| 2. | Check the
Appropriate Box if a Member of a Group (See
Instructions) (a) ☐ (b) ☐ | ||
| 3. | SEC Use
Only | ||
| 4. | Citizenship of
Place of Organization United
States of America | ||
| Number of
Shares Beneficially Owned by
Each Reporting
Person With | 5. | Sole Voting
Power 250,000 | |
| 6. | Shared Voting
Power 0 | ||
| 7. | Sole Dispositive
Power 250,000 | ||
| 8. | Shared Dispositive
Power 0 | ||
| 9. | Aggregate Amount
Beneficially Owned by each Reporting Person 250,000 | ||
| 10. | Check if the
Aggregate Amount in Row (9) Excludes Certain Shares
☐ | ||
| 11. | Percent of Class
Represented by Amount in Row 9 6.6% | ||
| 12. | Type of Reporting
Person (See Instructions) IN | ||
ITEM 1:
(a) Name of Issuer:
Issuer Direct Corporation
(b) Address of Issuer’s
Principal Executive Offices:
500 Perimeter Park Drive, Suite D, Morrisville NC
27560
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:
| | (a) | ☐ | Broker or
dealer registered under section 15 of the Act (15 U.S.C.
78o); |
| | | | |
| | (b) | ☐ | Bank as
defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| | | | |
| | (c) | ☐ | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c); |
| | | | |
| | (d) | ☐ | Investment
company registered under section 8 of the Investment Company Act of
1940 (15 U.S.C 80a-8); |
| | | | |
| | (e) | ☐ | An investment
adviser in accordance with
§240.13d-1(b)(1)(ii)(E); |
| | | | |
| | (f) | ☐ | An employee
benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F); |
| | | | |
| | (g) | ☐ | A parent
holding company or control person in accordance with §
240.13d-1(b)(1)(ii)(G); |
| | | | |
| | (h) | ☐ | A savings
associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813); |
| | | | |
| | (i) | ☐ | 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); |
| | | | |
| | (j) | ☐ | A non-U.S.
institution, in accordance with
§240.13d-1(b)(1)(ii)(J); |
| | | | |
| | (k) | ☐ | Group, in
accordance with §240.13d-1(b)(1)(ii)(K). |
| | | | If filing as
a non-U.S. institution in accordance with
§240.13d-1(b)(1)(ii)(J), please specify the type of
institution: ___________________________. |
ITEM
4: OWNERSHIP.
Yorkmont Capital Partners, LP
(a) Amount beneficially owned: 200,000
shares
(b) Percent of class: 5.3% (based on 3,798,225 shares
outstanding as of October 31, 2019 as reported in the
Issuer’s most recently filed 10Q, filed on October 31,
2019.)
(c) Number of shares as to which the person
has:
| |
(i) |
Sole power to vote or to direct the vote: 200,000 | | |
| |
(ii) |
Shared power to vote or to direct the vote: 0 | | |
| |
(iii) |
Sole power to dispose or to direct the disposition of:
200,000 | | |
| |
(iv) |
Shared power to dispose or to direct the disposition of:
0 | | |
Yorkmont Capital Management, LLC
(a) Amount beneficially owned: 200,000
shares
(b) Percent of class: 5.3% (based on 3,798,225shares
outstanding as of October 31, 2019 as reported in the
Issuer’s most recently filed 10Q, filed on October 31,
2019.)
(c) Number of shares as to which the person
has:
| |
(i) |
Sole power to vote or to direct the vote: 200,000 | | |
| |
(ii) |
Shared power to vote or to direct the vote: 0 | | |
| |
(iii) |
Sole power to dispose or to direct the disposition of:
200,000 | | |
| |
(iv) |
Shared power to dispose or to direct the disposition of:
0 | | |
Graeme P. Rein
(a) Amount beneficially owned: 250,000
shares
(b) Percent of class: 6.6% (based on 3,798,225shares
outstanding as of October 31, 2019 as reported in the
Issuer’s most recently filed 10Q, filed on October 31,
2019.)
(c) Number of shares as to which the person
has:
| |
(i) |
Sole power to vote or to direct the vote: 250,000 | | |
| |
(ii) |
Shared power to vote or to direct the vote: 0 | | |
| |
(iii) |
Sole power to dispose or to direct the disposition of:
250,000 | | |
| |
(iv) |
Shared power to dispose or to direct the disposition of:
0 | | |
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
15, 2020 | YORKMONT
CAPITAL PARTNERS, LP | | |
| | | | |
| | By: |
YORMONT CAPITAL MANAGEMENT, LLC
its General Partner | |
| | | | |
| | By: | /s/ Graeme
P. Rein | |
| | | Graeme
P. Rein, General Partner | |
| | | | |
| | | YORKMONT
CAPITAL MANAGEMENT, LLC | |
| | | | |
| | By: | /s/ Graeme
P. Rein | |
| | | Graeme
P. Rein, Managing Member | |
| | | | |
| | | GRAEME
P. REIN | |
| | | | |
| | By: | /s/ Graeme
P. Rein | |
| | | Graeme
P. Rein | |