Filing Details
- Accession Number:
- 0001654954-21-006858
- Form Type:
- 13D Filing
- Publication Date:
- 2021-06-13 20:00:00
- Filed By:
- Yorkmont Capital Partners, Lp
- Company:
- Issuer Direct Corp (NYSEMKT:ISDR)
- Filing Date:
- 2021-06-14
- SEC Url:
- 13D 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 | 185,000 | 0 | 185,000 | 0 | 185,000 | 4.9% |
| Yorkmont Capital Management | 185,000 | 0 | 185,000 | 0 | 185,000 | 4.9% |
| Graeme P. Rein | 235,000 | 0 | 235,000 | 0 | 235,000 | 6.2% |
Filing
Page
1
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
20549
SCHEDULE 13D
Under
the Securities Exchange Act of 1934 (Amendment No. 1)*
|
Issuer Direct Corporation |
| (Name
of Issuer) |
|
Common Stock |
| (Title
of Class of Securities) |
|
46520M204 |
| (CUSIP
Number) |
| Yorkmont
Capital Management, LLC 2313
Lake Austin Blvd., Suite 202 Austin,
TX 78703 |
| (Name,
Address and Telephone Number of Person Authorized to Receive
Notices and Communications) |
| June
11, 2021 |
| (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(b) 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).
Page 2
SCHEDULE 13D
|
CUSIP No. |
96327X101 |
|
1 | NAMES
OF REPORTING PERSONSI.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* | ||
| (a) [
] (b) [
] | |||
|
3 | SEC USE
ONLY | ||
| | |||
|
4 | SOURCE
OF FUNDS (See Instructions) | ||
| WC | |||
|
5 | CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) | ||
| [
] | |||
|
6 | CITIZENSHIP
OR PLACE OF ORGANIZATION | ||
| Texas | |||
| NUMBER
OFSHARESBENEFICIALLYOWNED BYEACHREPORTINGPERSONWITH |
7 | SOLE
VOTING POWER | |
|
185,000 | |||
|
8 | SHARED
VOTING POWER | ||
| 0 | |||
|
9 | SOLE
DISPOSITIVE POWER | ||
|
185,000 | |||
|
10 | SHARED
DISPOSITIVE POWER | ||
|
0 | |||
|
11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
|
185,000 | |||
|
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) | ||
| [
] | |||
|
13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||
| 4.9% | |||
|
14 | TYPE OF
REPORTING PERSON (See Instructions) | ||
| PN | |||
Page 3
|
CUSIP No. |
96327X101 |
|
1 | NAMES
OF REPORTING PERSONSI.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* | ||
| (a) [
] (b) [
] | |||
|
3 | SEC USE
ONLY | ||
| | |||
|
4 | SOURCE
OF FUNDS (See Instructions) | ||
| AF | |||
|
5 | CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) | ||
| [
] | |||
|
6 | CITIZENSHIP
OR PLACE OF ORGANIZATION | ||
| Texas | |||
| NUMBER
OFSHARESBENEFICIALLYOWNED BYEACHREPORTINGPERSONWITH |
7 | SOLE
VOTING POWER | |
|
185,000 | |||
|
8 | SHARED
VOTING POWER | ||
| 0 | |||
|
9 | SOLE
DISPOSITIVE POWER | ||
|
185,000 | |||
|
10 | SHARED
DISPOSITIVE POWER | ||
|
0 | |||
|
11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
|
185,000 | |||
|
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) | ||
| [
] | |||
|
13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||
| 4.9% | |||
|
14 | TYPE OF
REPORTING PERSON (See Instructions) | ||
| IA | |||
Page 4
|
CUSIP No. |
96327X101 |
|
1 | NAMES
OF REPORTING PERSONSI.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY) | ||
|
Graeme P. Rein | |||
|
2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||
| (a) [
] (b) [
] | |||
|
3 | SEC USE
ONLY | ||
| | |||
|
4 | SOURCE
OF FUNDS (See Instructions) | ||
| AF,
PF | |||
|
5 | CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) | ||
| [
] | |||
|
6 | CITIZENSHIP
OR PLACE OF ORGANIZATION | ||
| Texas | |||
| NUMBER
OFSHARESBENEFICIALLYOWNED BYEACHREPORTINGPERSONWITH |
7 | SOLE
VOTING POWER | |
|
235,000 | |||
|
8 | SHARED
VOTING POWER | ||
| 0 | |||
|
9 | SOLE
DISPOSITIVE POWER | ||
|
235,000 | |||
|
10 | SHARED
DISPOSITIVE POWER | ||
|
0 | |||
|
11 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
|
235,000 | |||
|
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) | ||
| [
] | |||
|
13 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||
| 6.2% | |||
|
14 | TYPE OF
REPORTING PERSON (See Instructions) | ||
| IN/HC | |||
Item
1. Security and Issuer
This
statement on Schedule 13D (this “Statement”) relates to
the common stock, par value $0.001 per share (the “Common
Stock”) of Issuer Direct Corporation (the
“Issuer”), with its principal executive offices located
at 1 Glenwood Avenue, Suite 1001, Raleigh NC 27603.
Item
2. Identity and Background
Item 2 (a) - (c) and (f). This statement is being filed by
the following persons:
Yorkmont Capital
Partners, LP, a Texas limited partnership;
Yorkmont Capital
Management, LLC, is a Texas limited liability company;
and
Graeme
P. Rein (Mr. Rein), is a citizen of the United States of
America.
Yorkmont
Capital Partners, LP is a private investment vehicle engaged in the
business of investing in securities. Graeme P. Rein is the managing
member of Yorkmont Capital Management, LLC, which is the general
partner of Yorkmont Capital Partners, LP. The business address and
principal executive offices of the each of the Reporting Persons is
2313 Lake Austin Blvd., Suite 202, Austin, TX 78703.
Item 2 (d)-(e). During the last five years, none of the
Reporting Persons have been (a) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (b) a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with
respect to such laws.
Item
3. Source and Amount of Funds or Other Considerations
The
shares owned by Yorkmont Capital Partners, LP were purchased with
working capital of the fund. The shares held by Mr. Rein were
purchased with personal funds held in Mr. Rein’s brokerage
account. The aggregate purchase price of the 235,000 shares
beneficially owned is approximately $1,663,765. No borrowed funds
were used in the purchases.
Item
4. Purpose of Transaction
The
Reporting Persons originally acquired the Common Stock subject to
this Schedule 13D for investment purposes. The Reporting Persons
will review their investments in the Common Stock on a continuing
basis, and, subject to applicable law and regulation and depending
upon certain factors, including, without limitation, the financial
performance of the Issuer, the availability and price of the Common
Stock, and other general market and investment conditions, the
Reporting Persons may determine to:
-
acquire additional Common Stock through open market purchases or
otherwise;
- sell
Common Stock through the open market or otherwise; or
-
otherwise engage or participate in a transaction with the purpose
or effect of changing or influencing the control of the
Company.
Page 6
Such
transactions may take place at any time and without prior notice.
There can be no assurance, however, that any Reporting Person will
take any such actions.
Item
5. Interest in Securities of the Issuer
(a)
The
aggregate percentage of the Company’s outstanding shares of
Common Stock reported owned by each Reporting Person is based on
3,765,975 shares of Common Stock outstanding at May 6, 2021, as
reported by the Company on its Form 10Q, filed with the United
States Securities and Exchange Commission on May 6,
2021.
Yorkmont Capital
Partners, LP beneficially owns 185,000 shares of Common Stock,
representing 4.9% of all the outstanding shares of Common
Stock.
Yorkmont Capital
Management, LLC beneficially owns 185,000 shares of Common Stock,
representing 4.9% of all the outstanding shares of Common Stock.
Yorkmont Capital Management LLC is the general partner of, and
controls, Yorkmont Capital Partners, LP.
Mr.
Rein beneficially owns 235,000 shares of Common Stock, representing
6.2% of all the outstanding shares of Common Stock. Mr. Rein, as
the managing member of Yorkmont Capital Management, LLC, may be
deemed to beneficially own the 185,000 shares of Common Stock
beneficially owned by Yorkmont Capital Partners, LP.
(b)
Each of Yorkmont Capital Partners, LP, Yorkmont
Capital Management, LLC and Mr. Rein may be deemed to have sole
voting and dispositive power with respect to the 185,000
shares of Common Stock held by
Yorkmont Capital Partners, LP.
(c)
No transactions in
the Common Stock have been effected during the past sixty days by
Yorkmont Capital Partners, LP, Yorkmont Capital Management, LLC or Mr.
Rein.
(d)
Not
applicable
(e)
Not
applicable
Item
6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Mr. Rein has been appointed to the Company’s Board of
Directors effective June 11, 2021.
The relationships between Mr. Rein, Yorkmont Capital Management,
LLC, and Yorkmont Capital Partners, LP are described above under
Item 2.
Item
7. Material to Be Filed as Exhibits
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.
| June
14, 2021 | |
| Dated | |
| /s/
Graeme P. Rein | |
| Signature | |
| Graeme
P. Rein, Managing Member | |
| Name/Title | |
The
original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the
statement is signed on behalf of a person by his authorized
representative (other than an executive officer or general partner
of this filing person), evidence of the representative’s
authority to sign on behalf of such person shall be filed with the
statement, provided, however, that a power of attorney for this
purpose which is already on file with the Commission may be
incorporated by reference. The name and any title of each person
who signs the statement shall be typed or printed beneath his
signature.
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C.
1001).
Page 7
CUSIP
No. 96327X101
EXHIBIT
A
JOINT
FILING AGREEMENT
The
undersigned hereby agree that the Statement on Schedule 13D dated
June 14, 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:
June 14, 2021 | | 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 | |