09/15/2025 | Press release | Distributed by Public on 09/15/2025 09:52
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MAY ANNE M P. O. BOX 3110 AUBURN, AL 36831-3110 |
X |
/s/ Anne M. May | 09/15/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Remarks: Note 1. Anne M. May (the "Reporting Person") was granted a durable Power of Attorney and related account authorizations (the "Power of Attorney") by Edward L. Spencer, III that were completed on May 15, 2024 with respect to 11,672 shares of Common Stock, including 1,320 shares held by the grantor indirectly as one-third member of Spencer LLC (the "Spencer LLC"). It shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of the Shares covered by such Power of Attorney, or any of the 2,640 shares held in the LLC beneficially owned by the 2 other members of the LLC. Anne M. May disclaims any beneficial ownership or pecuniary interest in the 11,672 Shares held pursuant to this Power of Attorney. Note 2 This filing is being made in connection with the settlement of the estates of, and the pour over distributions from the trusts established by the late Mr. Edward L. Spencer Jr. and his late wife, Mrs. Ruth P. Spencer (together with Edward L. Spencer, Jr., the "Parents"). These transactions are transfers of securities by will or the laws of descent and distribution (inheritances), which are exempt from Securities Exchange Act of 1934 ( the "Exchange Act") Section 16(b) by United States Securities and Exchange Commission ("Commission") Rule 16b-5. It shall not be deemed an admission that Anne M. May (the "Reporting Person") is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of (i) the Shares previously pursuant to a Power of Attorney described in Note 1 or (ii) as Trustee of the Receiving Trusts (as defined below). Any fractional Shares have been rounded to whole Shares |