[SCHEDULE 13G/A] Red River Bancshares, Inc. SEC Filing
Rhea-AI Filing Summary
Simeon A. Thibeaux reported beneficial ownership of 736,057 shares of Red River Bancshares, Inc., representing 11.2% of the class. The filing breaks that stake into 433,646 shares over which Mr. Thibeaux has sole voting and dispositive power through two trusts (266,407 shares in the John Charles Simpson Jr. Trust and 167,239 shares in the Angela Katherine Simpson Trust) and 302,411 shares held with shared voting and dispositive power by S3 Dynamics, L.P. The document names the issuer and filer addresses in Alexandria, Louisiana, and contains a certification that the securities were not acquired to change or influence control of the issuer.
Positive
- Material ownership disclosed: Aggregate beneficial ownership of 736,057 shares (11.2%) is clearly reported
- Clear allocation of powers: Filing specifies 433,646 shares with sole voting/dispositive power and 302,411 shares with shared voting/dispositive power
- Transparent ownership structure: Identifies the two trusts and S3 Dynamics, L.P., and Mr. Thibeaux's roles as sole trustee and manager
Negative
- None.
Insights
TL;DR Mr. Thibeaux holds a material 11.2% stake with both sole and shared voting rights disclosed.
The Schedule 13G/A identifies an aggregate beneficial ownership of 736,057 shares (11.2%), splitting control between direct trust-held shares (433,646) and partnership-held shares (302,411). The filing documents the chain of authority: two trusts for which he is sole trustee and S3 Dynamics, L.P., whose sole general partner is S3 Management, L.L.C., where Mr. Thibeaux is one of three managers. This level of disclosure is material to investors because it clarifies the distribution of voting and dispositive power and the relationships among the reporting person, trusts, and partnership.
TL;DR The filing provides clear attribution of voting and dispositive power across trusts and an LP structure, with a formal certification about control intent.
The document specifies that 266,407 and 167,239 shares are held of record by two named trusts for which Mr. Thibeaux is sole trustee, and 302,411 shares are held by S3 Dynamics, L.P., where he has managerial influence. The filing also includes a certification stating the securities were not acquired to change or influence control. For governance analysis, these items are material because they delineate both sole and shared authorities that affect shareholder voting dynamics.