STOCK TITAN

Repository Services takes 70% control of PCMC

PUBLIC CO MANAGEMENT CORP (PCMC) has a new controlling shareholder.

(High)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

PUBLIC CO MANAGEMENT CORP (PCMC) has a new controlling shareholder. Repository Services LLC filed a Schedule 13D reporting beneficial ownership of 23,946,307 shares of PCMC common stock, equal to 70.3% of outstanding shares, giving it sole voting and dispositive power over this stake.

Repository Services LLC acquired the shares from prior stockholders using its own capital and funds contributed by third-party investors who hold only economic, not voting or dispositive, interests. It states that it holds the stake to exercise control over PCMC and influence management, operations, capital structure and strategic direction, and may pursue business combinations or reverse‑merger transactions, including a proposed acquisition of Physicians Capital Management Corporation, as well as possible future share purchases or sales.

Positive

  • None.

Negative

  • None.

Filing Explained

The statement gives the control-acquisition event date as September 30, 2020, but is signed August 26, 2026; it therefore records a historical acquisition and reported ownership state, with Repository Services holding 70.3% and sole voting and dispositive power.

Beneficial ownership 23,946,307 shares of Common Stock Shares beneficially owned by Repository Services LLC as of the Schedule 13D
Ownership percentage 70.3% Percent of PCMC outstanding common stock represented by 23,946,307 shares
Shares outstanding 34,276,812 shares PCMC shares of common stock outstanding as reported in most recent Form 10-K
Par value $0.001 per share Par value of PCMC common stock
Sole voting power 23,946,307 shares Shares over which Repository Services LLC has sole voting power
Sole dispositive power 23,946,307 shares Shares over which Repository Services LLC has sole dispositive power
beneficially owns financial
"the Reporting Person beneficially owns 23,946,307 shares of Common Stock"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
sole voting power financial
"The Reporting Person has sole voting power and sole dispositive power"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"sole dispositive power with respect to all such shares"
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.
reverse-merger transactions financial
"enter into one or more business combination or reverse-merger transactions"
economic interest financial
"certain third-party investors ... are entitled to an economic interest in the securities"
An economic interest is a right to receive money or other financial benefits from an asset, contract, or business activity without necessarily owning or controlling it; examples include a share of profits, royalties, dividend rights, or scheduled payments. Investors care because it determines who gets cash flow and bears risk — like collecting rent on a house you don’t legally own — and it affects valuation, expected returns, and how exposure to an investment is structured.

FAQ

What percentage of PUBLIC CO MANAGEMENT CORP (PCMC) does Repository Services LLC own?

Repository Services LLC beneficially owns 23,946,307 shares of PCMC common stock, representing approximately 70.3% of the company’s outstanding common stock, based on 34,276,812 shares outstanding as reported in PCMC’s most recent Form 10-K.

How many PUBLIC CO MANAGEMENT CORP (PCMC) shares does Repository Services LLC control?

Repository Services LLC reports beneficial ownership of 23,946,307 PCMC shares with sole voting power and sole dispositive power over all of these shares, and no shared voting or dispositive power.

What is the purpose of Repository Services LLC’s investment in PCMC (symbol PCMC)?

Repository Services LLC states that it acquired and holds PCMC common stock to exercise control over the company and influence its management, operations, capital structure and strategic direction, and may cause PCMC to pursue business combinations or reverse‑merger transactions.

Is a transaction involving Physicians Capital Management Corporation mentioned for PCMC (PCMC)?

Yes. Repository Services LLC states it may cause PCMC to enter into one or more business combinations or reverse‑merger transactions, including the proposed acquisition of Physicians Capital Management Corporation, subject to market conditions, PCMC’s financial position and other factors.

Do PCMC’s third-party investors have voting power over the shares held by Repository Services LLC?

No. Certain third-party investors contributed capital to Repository Services LLC and have an economic interest in the securities it acquired, but the filing states these arrangements do not confer voting or dispositive power over the PCMC securities to such investors.

Has Repository Services LLC traded PCMC (PCMC) shares recently?

The filing states that Repository Services LLC has not effected any transactions in PCMC common stock during the 60 days preceding the date of the Schedule 13D.

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

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744392101

(CUSIP Number)
Ronald J. Stauber
9440 Santa Monica Boulevard, Suite 301
Beverly Hills, CA, 90210
310 487 0080

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/30/2020

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose 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).




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SCHEDULE 13D






SCHEDULE 13D


REPOSITORY SERVICES LLC
Signature:Ronald J. Stauber
Name/Title:Vice President - Member
Date:08/26/2026