The Marcus Corporation filed Amendment No. 50 to a Schedule 13G/A reporting revised beneficial ownership for Diane M. Gershowitz and related entities. The filing states Ms. Gershowitz beneficially owns 2,151,820 shares (reported as 9.06% of the class) as of 4/6/2026. It attributes 2,057,294 shares (8.66%) to DG-LDJ Holdings, L.L.C. and the DG 2008 Trust, reflecting ownership primarily through Class B Common Stock that is convertible on a share-for-share basis. The amendment corrects a prior report and clarifies that 131,506 shares previously listed as beneficially owned by Ms. Gershowitz are not beneficially owned by her.
Positive
None.
Negative
None.
Insights
Amendment clarifies beneficial ownership structure and corrects a prior misreporting.
The filing updates the beneficial ownership totals for Diane M. Gershowitz and related entities, showing 2,151,820 shares (9.06%) for Ms. Gershowitz and 2,057,294 shares (8.66%) held by DG-LDJ/Trust as of 4/6/2026. It attributes most holdings to convertible Class B Common Stock, which the filing says is convertible on a share-for-share basis.
This is an ownership disclosure correction rather than a transaction; governance implications are limited to transparency and record accuracy. Subsequent filings or company disclosures would show any change in voting or disposition rights if conversions or transfers occur.
Holders report substantial convertible shareholdings concentrated in a single LLC and trust.
The filing lists 1,881,677 shares of Class B Common Stock held by DG-LDJ and additional Class B holdings in a revocable trust, producing the reported percentages assuming conversion. The disclosure notes 7,643 option shares and 36,038 shares held individually by Ms. Gershowitz.
Cash-flow treatment is not stated; the document corrects prior reporting and does not announce market activity. Future conversions or dispositions would change public ownership figures and require new disclosures.
Key Figures
Gershowitz beneficial ownership:2,151,820 sharesGershowitz percent of class:9.06%DG-LDJ holdings:2,057,294 shares+4 more
7 metrics
Gershowitz beneficial ownership2,151,820 sharesas of 4/6/2026
Gershowitz percent of class9.06%assumes conversion of Class B Common Stock
DG-LDJ percent of class8.66%assumes conversion of Class B Common Stock
Class B shares held by DG-LDJ1,881,677 sharesClass B Common Stock held by DG-LDJ (convertible)
Individual common shares36,038 sharesheld individually by Ms. Gershowitz
Option shares7,643 sharesright to acquire upon exercise
Key Terms
Schedule 13G/A, Class B Common Stock, Beneficial ownership
3 terms
Schedule 13G/Aregulatory
"Amendment No. 50 to a Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Class B Common Stockfinancial
"Class B Common Stock, which are convertible at any time into Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 50)
MARCUS CORP
(Name of Issuer)
Common Stock
(Title of Class of Securities)
566330106
(CUSIP Number)
03/31/2026
(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):
566330106
1
Names of Reporting Persons
GERSHOWITZ DIANE M
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
WISCONSIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
94,526.00
6
Shared Voting Power
2,057,294.00
7
Sole Dispositive Power
94,526.00
8
Shared Dispositive Power
2,057,294.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,151,820.00
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)
9.06 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (1) Includes 2,057,294 shares beneficially owned by DG-LDJ Holdings, L.L.C. Ms. Gershowitz, DG 2008 Trust u/a/d December 31, 2010, a trust that she established by Ms. Gershowitz's spouse, hold 100% of the membership units of DG-LDJ Holdings, L.L.C.
(2) This Amendment No. 50 to Schedule 13G is being filed to correct the amount of securities previously reported. The Original Schedule 13G (filed May 15, 2025) included 131,506 shares held by trust where Ms. Gershowitz serves as Trustee. Ms. Gershowitz does not beneficially own those shares. The amounts reported herein reflect the Reporting Person's beneficial ownership as of 4/6/2026.
SCHEDULE 13G
CUSIP Number(s):
566330106
1
Names of Reporting Persons
DG-LDJ Holdings, L.L.C.
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,057,294.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,057,294.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,057,294.00
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)
8.66 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
566330106
1
Names of Reporting Persons
DG 2008 Trust u/a/d December 31, 2010
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
ILLINOIS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,057,294.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,057,294.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,057,294.00
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)
8.66 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
MARCUS CORP
(b)
Address of issuer's principal executive offices:
111 EAST KILBOURN AVENUE, SUITE 1200, MILWAUKEE, Wisconsin, 53202
Item 2.
(a)
Name of person filing:
The filers of this Schedule 13G Amendment are: (i) Diane Marcus Gershowitz ("Ms. Gershowitz"); (ii) DG-LDJ Holdings, L.L.C. ("DG-LDJ") and (iii) DG 2008 Trust u/a/d December 31, 2010 (the "Trust"). Ms. Gershowitz and the Trust are the controlling persons of DG-LDJ and as such may be deemed to beneficially own the shares of Common Stock of The Marcus Corporation beneficially owned by DG-LDJ.
(b)
Address or principal business office or, if none, residence:
(For each of Ms. Gershowitz, DG-LDJ, and the Trust)
c/o The Marcus Corporation, 111 E. Kilbourn Avenue, Suite 1200, Milwaukee, WI 53202
(c)
Citizenship:
Ms. Gershowitz is a United States citizen.
DG-LDJ is a Delaware limited liability company.
The Trust is formed under the laws of Illinois.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
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).
Ms. Gershowitz: 2,057,294
Other than with respect to 211,655 shares of Common Stock, (over which Ms. Gershowitz has sole voting and dispositive power of 36,038 shares, and shared voting and dispositive power of 175,617 shares), all of the reported beneficial ownership of Common Stock results from the beneficial ownership of shares of Class B Common Stock, which are convertible at any time into Common Stock on a share-for-share basis. The percent of class figure assumes conversion of all shares of Class B Common Stock held by Ms. Gershowitz into shares of Common Stock.
Ms. Gershowitz's beneficial ownership consists of:
(i) 7,643 shares of Common Stock which Ms. Gershowitz has the right to acquire upon the exercise of stock options;
(ii) 36,038 shares of Common Stock held individually by Ms. Gershowitz;
(iii) 175,617 shares of Common Stock held by DG-LDJ Holdings, L.L.C.;
(iv) 1,881,677 shares of Class B Common Stock held by DG-LDJ Holdings, LLC;
(v) 50,845 shares of Class B Common Stock held by the Ben and Celia Marcus Revocable Trust F/B/O Diane Marcus Gershowitz.
The trusts and Ms. Gershowitz, for shares held individually, each have the right to receive dividends and proceeds from the sale of securities held thereby.
DG-LDJ: 2,057,294
Other than with respect to 175,617 shares of Common Stock, the reported beneficial ownership of Common Stock results from the beneficial ownership of shares of Class B Common Stock, which are convertible at any time into Common Stock on a share-for-share basis. The percent of class figure assumes conversion of all shares of Class B Common Stock held by DG-LDJ into shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of:
Not Applicable
(iv) Shared power to dispose or to direct the disposition of:
Not Applicable
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:
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.
What stake does Diane M. Gershowitz report in MARCUS CORP (MCS)?
Ms. Gershowitz reports beneficial ownership of 2,151,820 shares, equal to 9.06% of the class, calculated assuming conversion of Class B Common Stock. The ownership figure is stated as of 4/6/2026 in Amendment No. 50.
How many shares does DG-LDJ Holdings and the DG 2008 Trust hold in MCS?
DG-LDJ Holdings, L.L.C. and the DG 2008 Trust are each reported as beneficially owning 2,057,294 shares, equal to 8.66% of the class, according to the amendment filed with the SEC.
Why was Amendment No. 50 filed for the MCS Schedule 13G/A?
The amendment corrects prior reporting by removing 131,506 shares that were incorrectly shown as beneficially owned by Ms. Gershowitz; the filing states the corrected ownership amounts reflect holdings as of 4/6/2026.
Do the reported holdings include convertible shares for MARCUS CORP?
Yes. The filing explains much of the reported beneficial ownership arises from Class B Common Stock that is convertible on a share-for-share basis; the percent figures assume full conversion of those Class B shares.
Are there any immediate transactions or sales disclosed in this filing?
No. Amendment No. 50 is a disclosure correction of beneficial ownership totals and does not report any open-market purchases or sales or state cash-flow recipients or counterparties.
