SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
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Schneider National, Inc. (Name of Issuer) |
Class B Common Stock, no par value per share (Title of Class of Securities) |
80689H102 (CUSIP Number) |
Dennis F. Connolly Godfrey & Kahn, S.C., 833 East Michigan Street, Suite 1800 Milwaukee, WI, 53202 414-273-3500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
01/31/2024 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
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CUSIP No. | 80689H102 |
1 |
Name of reporting person
Schneider Paul J. | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
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3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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6 | Citizenship or place of organization
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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11 | Aggregate amount beneficially owned by each reporting person
18,418,619.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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13 | Percent of class represented by amount in Row (11)
16.7 % | ||||||||
14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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CUSIP No. | 80689H102 |
1 |
Name of reporting person
Donald J. Schneider Childrens Trust #2 f/b/o Paul J. Schneider | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
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3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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6 | Citizenship or place of organization
WISCONSIN
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
8,400,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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13 | Percent of class represented by amount in Row (11)
8.3 % | ||||||||
14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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CUSIP No. | 80689H102 |
1 |
Name of reporting person
Donald J. Schneider 2000 Trust f/b/o Paul J. Schneider | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
![]() ![]() | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
![]() | ||||||||
6 | Citizenship or place of organization
WISCONSIN
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
8,208,110.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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13 | Percent of class represented by amount in Row (11)
8.2 % | ||||||||
14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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Item 1. | Security and Issuer | |
(a) | Title of Class of Securities:
Class B Common Stock, no par value per share | |
(b) | Name of Issuer:
Schneider National, Inc. | |
(c) | Address of Issuer's Principal Executive Offices:
3101 SOUTH PACKERLAND DRIVE, GREEN BAY,
WISCONSIN
, 54313. | |
Item 1 Comment:
Cover Page Notes:
Paul J. Schneider:
The shares reported in Item 7 consist of shares of Class B Common Stock.
The shares reported in Item 8 consist of 16,605,900 shares of Class A Common Stock and 1,286,120 shares of Class B Common Stock. The Reporting Person's interest in the Class A Common Stock is represented by trust certificates issued by the Schneider National, Inc. Voting Trust and held by trusts for the benefit of the Reporting Person and his descendants of which the Reporting Person is a co-trustee. Each share of Class A Common Stock will automatically convert into a share of Class B Common Stock on a one-for-one basis upon any transfer of such share of Class A Common Stock in exchange for a trust certificate representing such share.
The shares reported in Item 9 consist of shares of Class B Common Stock.
The shares reported in Item 10 consist of 16,605,900 shares of Class A Common Stock and 1,286,120 shares of Class B Common Stock.
The calculation in Item 13 is based on 93,417,155 shares of Class B common stock, no par value per share ("Class B Common Stock"), of the Issuer outstanding as of October 24, 2023, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 and as filed with the SEC on November 2, 2023.
Donald J. Schneider Childrens Trust #2 f/b/o Paul J. Schneider:
The shares reported in Item 8 consist of shares of Class A common stock, no par value per share ("Class A Common Stock"), of Schneider National, Inc., a Wisconsin corporation (the "Issuer"). The Reporting Person's interest in the Class A Common Stock is represented by trust certificates issued by the Schneider National, Inc. Voting Trust and held by the Reporting Person. Each share of Class A Common Stock will automatically convert into a share of Class B Common Stock on a one-for-one basis upon any transfer of such share of Class A Common Stock in exchange for a trust certificate representing such share.
The calculation in Item 13 is based on 93,417,155 shares of Class B common stock, no par value per share ("Class B Common Stock"), of the Issuer outstanding as of October 24, 2023, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 and as filed with the SEC on November 2, 2023.
Donald J. Schneider 2000 Trust f/b/o Paul J. Schneider:
The shares reported in Item 7 consist of Class B Common Stock.
The shares reported in Item 8 consist of Class A Common Stock. The Reporting Person's interest in the Class A Common Stock is represented by trust certificates issued by the Schneider National, Inc. Voting Trust and held by the Reporting Person. Each share of Class A Common Stock will automatically convert into a share of Class B Common Stock on a one-for-one basis upon any transfer of such share of Class A Common Stock in exchange for a trust certificate representing such share.
The shares reported in Item 9 consist of 7,005,900 shares of Class A Common Stock and 1,202,210 shares of Class B Common Stock.
The calculation in Item 13 is based on 93,417,155 shares of Class B common stock, no par value per share ("Class B Common Stock"), of the Issuer outstanding as of October 24, 2023, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 and as filed with the SEC on November 2, 2023.
Explanatory Note:
This Amendment No. 6 to Schedule 13D amends and supplements the Schedule 13D originally filed on April 21, 2017 and as subsequently amended (the "Original Schedule 13D"), and is being filed jointly on behalf of the Donald J. Schneider Childrens Trust #2 f/b/o Paul J. Schneider, a Wisconsin trust (the "Childrens Trust"), the Donald J. Schneider 2000 Trust f/b/o Paul J. Schneider (the "2000 Trust," and together with the Childrens Trust, the "Trusts"), and Paul J. Schneider, in his individual capacity and as a co-trustee of the Trusts (together the "Reporting Persons"), relating to the shares of Class A common stock, no par value per share ("Class A Common Stock"), and Class B common stock, no par value per share ("Class B Common Stock"), of Schneider National, Inc., a Wisconsin corporation.
Unless otherwise defined or modified below, capitalized terms used in this Amendment No. 6 to Schedule 13D shall have the meaning ascribed to them in the Original Schedule 13D. All disclosure for items contained in the Original Schedule 13D where no new information is provided for such item in this Amendment No. 6 to Schedule 13D is incorporated herein by this reference. | ||
Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the Original Schedule 13D is supplemented with the following:
Between February 7, 2023 and January 31, 2024, Mr. Schneider acquired 6,619 shares of Class B Common Stock in settlement of restricted stock units received as compensation under the Schneider National, Inc. 2017 Omnibus Incentive Plan in his capacity as a director of the Issuer, acquired 50,690 shares of Class B Common Stock by gift and disposed of 50,690 shares of Class B Common Stock by gift. As of January 31, 2024, the Reporting Persons beneficially owned an aggregate of 16,605,900 shares of Class A Common Stock and 1,812,719 shares of Class B Common Stock. | ||
Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Item 6 of the Original Schedule 13D is supplemented with the following:
Schneider Family Board Nomination Process Agreement
On February 14, 2023, the Nomination Agreement was amended and restated (the "Amended Nomination Agreement"). Under the Amended Nomination Agreement, four specified members of the Schneider family have the right to nominate two family members to serve on the Board on an annual, rotating basis. The annual Schneider family director nominations, assuming each specified member of the Schneider family is able to serve, will rotate among the four specified Schneider family members through 2040 according to a schedule that is set forth in the Amended Nomination Agreement.
After the Schneider family director nominee rotation described above is complete, or if the rotation described above ends before 2040, the four specified Schneider family members may, if all such family members are in agreement, propose to the corporate governance committee an amendment to the Amended Nomination Agreement, consistent with such agreement, to cover nominations of Schneider family members in subsequent periods, the approval of which shall be subject to the approval of the corporate governance committee and the Board, which approval shall not be unreasonably withheld. Such proposal must be made before the later of (a) December 31st of the year-in which the rotation system ends or six months after the date on which the last family member's service as a director ends, whichever is later, or (b) December 31, 2040 in the event the rotation set forth above is completed. | ||
Item 7. | Material to be Filed as Exhibits. | |
Item 7 of the Original Schedule 13D is supplemented with the following:
Exhibit
A Amended and Restated Schneider Family Board Nomination Process Agreement (incorporated by reference to Exhibit 10.6 to the Issuer's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission on February 17, 2023). |
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.
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