Franklin Covey Co. (NYSE: FC) gains 3.1% stake holder Askeladden Capital

Rhea-AI Filing Summary

Franklin Covey Co. received an amended beneficial ownership report from Askeladden Capital Management LLC and Samir Patel. They report beneficial ownership of 345,108 shares of Franklin Covey common stock, representing 3.1% of the class, based on 11,293,873 shares outstanding as of June 30, 2026. All reported shares are held in separately managed accounts for Askeladden’s advisory clients, with Askeladden and Mr. Patel holding shared voting and dispositive power over these shares and no sole voting or dispositive power. The filers emphasize that their statements do not constitute an admission of beneficial ownership or that they are part of a group under Section 13(d) or 13(g).

Key Figures

Shares beneficially owned: 345,108 shares Ownership percentage: 3.1% Shares outstanding: 11,293,873 shares +3 more

6 metrics

Shares beneficially owned 345,108 shares Beneficial ownership reported jointly by Askeladden Capital Management LLC and Samir Patel

Ownership percentage 3.1% Percent of Franklin Covey common stock class beneficially owned

Shares outstanding 11,293,873 shares Common stock outstanding as of June 30, 2026, per Form 10-Q

Shared voting power 345,108 shares Shares over which the reporting persons have shared voting power

Sole voting power 0 shares Shares over which the reporting persons have sole voting power

Shared dispositive power 345,108 shares Shares over which the reporting persons have shared dispositive power

Key Terms

beneficial owner, dispositive power, shared voting power, separately managed accounts, +1 more

5 terms

beneficial owner financial

"may be deemed to beneficially own the securities covered by this statement"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

dispositive power financial

"Shared Dispositive Power 345,108.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

shared voting power financial

"Shared Voting Power 345,108.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

separately managed accounts financial

"The separately managed accounts on behalf of investment advisory clients"

A separately managed account is an investment portfolio owned by a single investor but professionally managed to that investor’s specific goals and preferences, rather than pooled with other clients’ money. It matters to investors because it offers greater customization, tax control and transparency—like hiring a personal chef instead of eating from a shared buffet—though it often requires higher minimums and can have different fee and liquidity implications.

Section 13(d) or 13(g) regulatory

"for the purposes of Section 13(d) or 13(g) of the Act"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 05:03 PM Accepted by SEC EDGAR 08/07/2026 - 05:02 PM Learn about SEC filing dates

FAQ

What stake in Franklin Covey Co. (FC) does Askeladden Capital report?

Askeladden Capital Management LLC and Samir Patel report beneficial ownership of 345,108 shares of Franklin Covey common stock, representing 3.1% of the outstanding class based on 11,293,873 shares outstanding as of June 30, 2026.

How did Askeladden Capital calculate its 3.1% ownership of Franklin Covey (FC)?

The 3.1% ownership is calculated using 11,293,873 shares of common stock outstanding as of June 30, 2026, as reported in Franklin Covey’s Form 10-Q for the quarter ended May 31, 2026, filed on July 7, 2026.

Who is the reporting person in the Franklin Covey (FC) Schedule 13G/A?

The filing is jointly made by Askeladden Capital Management LLC, a Texas investment adviser, and Samir Patel, its member. Managed Accounts for Askeladden’s advisory clients are the direct owners of the 345,108 Franklin Covey shares reported.

What voting and dispositive powers over Franklin Covey (FC) shares does Askeladden have?

Askeladden and Samir Patel report 0 shares with sole voting or dispositive power and 345,108 shares with shared voting and shared dispositive power, reflecting their authority over Managed Accounts that hold the Franklin Covey shares.

Does Askeladden admit it is part of a group regarding Franklin Covey (FC) shares?

No. The reporting persons state that the filing should not be construed as an admission that they are members of a group or beneficial owners for purposes of Section 13(d) or 13(g) or for any other purpose.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FRANKLIN COVEY CO

(Name of Issuer)

Common Stock

(Title of Class of Securities)

353469109

(CUSIP Number)

03/23/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 353469109

1

Names of Reporting Persons

ASKELADDEN CAPITAL MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 345,108.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 345,108.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

345,108.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.1 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): 353469109

1

Names of Reporting Persons

Samir Patel

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 345,108.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 345,108.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

345,108.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.1 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FRANKLIN COVEY CO
(b)	Address of issuer's principal executive offices: 13907 S MINUTEMAN DRIVE, SUITE 500, 13907 S MINUTEMAN DRIVE, SUITE 500, DRAPER, UTAH, 84020.
Item 2.
(a)	Name of person filing: This statement is being jointly filed by and on behalf of each of Askeladden Capital Management, LLC, a Texas limited liability company ('Askeladden') and Samir Patel. The separately managed accounts on behalf of investment advisory clients ('Managed Accounts') of Askeladden are the record and direct beneficial owners of the securities covered by this statement. As the investment adviser to the Managed Accounts, Askeladden may be deemed to beneficially own the securities covered by this statement. Mr. Patel is the Member of, and may be deemed to beneficially own securities owned by, Askeladden. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Actor any other purpose, the beneficial owner of any securities covered by this statement. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
(b)	Address or principal business office or, if none, residence: 2200 W PARKWAY BLVD, SALT LAKE CITY, UTAH, 84119-2331
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 353469109
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). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 on the cover page(s) hereto.
(b)	Percent of class: The percentage calculated in Item 11 is based on 11,293,873 shares of Common Stock outstanding as of June 30, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended May 31, 2026 and as filed with the SEC on July 7, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 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 or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

ASKELADDEN CAPITAL MANAGEMENT LLC

Signature:	/S/ Samir Patel
Name/Title:	Managing Member
Date:	08/07/2026

Samir Patel

Signature:	/s/ Samir Patel
Name/Title:	Managing Member
Date:	08/07/2026