Filing Details

Accession Number:
0001170549-23-000008
Form Type:
13D Filing
Publication Date:
2023-12-10 19:00:00
Filed By:
Lehman Kenneth R
Company:
Linkbancorp Inc.
Filing Date:
2023-12-11
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
Kenneth R. Lehman ... ... ... ... ... 11..................... 23.4%
Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. __) LINKBANCORP, Inc. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 53578P105 ------------------------------------------------------------------------------- (CUSIP Number) Ken Lehman, 122 N Gordon Rd, Fort Lauderdale, FL 33301 (703) 975-7967 ------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) November 30, 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes 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). ------------------------------------------------------------------------------- 1. Names of Reporting Persons................................ Kenneth R. Lehman I.R.S. Identification Nos. of Above Persons.............................. NA ------------------------------------------------------------------------------- 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) of 2(e)............................... [ ] ------------------------------------------------------------------------------- 6. Citizenship............................................................. USA ------------------------------------------------------------------------------- Number of (7) Sole Voting Power................................. 8,724,588 Shares Beneficially (8) Shared Voting Power....................................... 0 Owned by Each Reporting (9) Sole Dispositive Power............................ 8,724,588 Person With (10) Shared Dispositive Power................................. 0 ------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person..... 8,724,588 ------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares........ [ ] ------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11..................... 23.4% ------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions)............................. IN ------------------------------------------------------------------------------- Item 1. Security and Issuer This statement relates to the common stock, par value $.01 (the "Common Stock") of LINKBANCORP, Inc. (the "Issuer"). The Issuer's principal executive offices are located at 1250 Camp Hill Bypass, Suite 202, Camp Hill, PA 17011. Item 2. Identity and Background (a) This statement is filed by Kenneth R. Lehman (the "Reporting Person"). (b) The address of the Reporting Person is 122 North Gordon Road, Fort Lauderdale, Florida 33301. (c) The Reporting Person is a private investor. (d) The Reporting Person has not, during the last five years, been convicted in a criminal proceeding. (e) The Reporting Person has not, during the last five years, been 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. (f) The Reporting Person is a United States citizen. Item 3. Source and Amount of Funds and Other Consideration On November 30, 2023, the Reporting Person received 8,493,588 shares of Common Stock in exchange for shares of Partners Bancorp common stock in connection with the Issuer's acquisition of Partners Bancorp. In addition, the Reporting Person previously owned 231,000 shares of Common Stock, which were acquired more than 60 days ago. The Reporting Person has not acquired any other shares of Common Stock within the last 60 days. Item 4. Purpose of the Transaction The Reporting Person acquired all shares of Partners Bancorp common stock that were exchanged for Common Stock, and all other shares of Common Stock that he previously owned, for investment. The Reporting Person does not have any plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure;(g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Securities Exchange Act; or (j) any action similar to any of those enumerated in (a) through (i) above. The Reporting Person may from time to time to review or reconsider his intention in holding and/or acquiring shares of Common Stock, and at such time may formulate a plan or proposal that relates to or would result in one or more of the matters referred to above in (b) through (j). Item 5. Interest in Securities of the Issuer (a) The Reporting Person owns 8,724,588 shares of Common Stock, or an estimated 23.4%, of the outstanding shares. (b) The Reporting Person has sole power to vote, direct the vote of, dispose of, or direct the disposition of all reported shares of Common Stock. (c) The reporting Person acquired 8,493,588 shares of Common Stock on November 30, 2023 in connection with the Issuer's acquisition of Partners Bancorp, Inc., and has not acquired any other shares of Common Stock within the last 60 days. (d) No other person has the power to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the shares of Common Stock. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Of the 8,724,588 shares of Common Stock owned by the Reporting Person, 8,617,379 shares are pledged to collateralize loans pursuant to agreements between the Reporting Person and three unaffiliated community banks, which loan agreements include standard default and similar provisions. Other than in connection with the agreements described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. Item 7. Materials to be Filed as Exhibits Not applicable. Signature After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: December 1, 2023 /s/ Kenneth R. Lehman ------------------------------------- Kenneth R. Lehman