Cato Corp (CATO) investor reports 899,000 shares, 4.99% of Class A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Cato Corp shareholder Amit Agarwal filed an ownership report with the SEC showing beneficial ownership of 899,000 shares of the company’s Class A common stock, representing 4.99% of that class as of February 7, 2025.
The report states he has sole voting and sole dispositive power over all 899,000 shares, with no shared voting or dispositive power. It also certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of Cato Corp, except for limited activities permitted in connection with director nominations under SEC rules.
Positive
- None.
Negative
- None.
FAQ
When was the ownership level that triggered this Cato Corp (CATO) filing reached?
The ownership level requiring this statement is tied to an event dated February 7, 2025, noted as the date of the event which requires filing.
Is Amit Agarwal seeking to influence control of Cato Corp through this stake?
The certification states the securities were not acquired and are not held for the purpose of changing or influencing the control of Cato Corp, other than limited activities related to director nominations under SEC rules.