0001140361-23-006945.txt : 20230214
0001140361-23-006945.hdr.sgml : 20230214
20230214160657
ACCESSION NUMBER: 0001140361-23-006945
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221231
FILED AS OF DATE: 20230214
DATE AS OF CHANGE: 20230214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: COTTER ELLEN M
CENTRAL INDEX KEY: 0001060902
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08625
FILM NUMBER: 23629033
MAIL ADDRESS:
STREET 1: C/O READING INTERNATIONAL
STREET 2: 500 CITADEL DRIVE, SUITE 300
CITY: COMMERCE
STATE: CA
ZIP: 90040
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: READING INTERNATIONAL INC
CENTRAL INDEX KEY: 0000716634
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE THEATERS [7830]
IRS NUMBER: 953885184
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5995 SEPULVEDA BOULEVARD
STREET 2: SUITE 300
CITY: CULVER CITY
STATE: CA
ZIP: 90230
BUSINESS PHONE: 213 235 2240
MAIL ADDRESS:
STREET 1: 5995 SEPULVEDA BOULEVARD
STREET 2: SUITE 300
CITY: CULVER CITY
STATE: CA
ZIP: 90230
FORMER COMPANY:
FORMER CONFORMED NAME: CITADEL HOLDING CORP
DATE OF NAME CHANGE: 19941216
5
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form5.xml
X0306
5
2022-12-31
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1
0000716634
READING INTERNATIONAL INC
RDI
0001060902
COTTER ELLEN M
5995 SEPULVEDA BLVD
SUITE 300
CULVER CITY
CA
90230
true
true
true
true
Vice Chair, President and CEO
Member of Sec.13(d)(3) Group
Class B Voting Stock
2022-09-19
4
J
0
307166.4
A
357166.4
D
As further described by Ms. Ellen Cotter in an amendment to her Schedule 13D filed on November 2, 2022 (the "Schedule 13D/A"), on September 19, 2022, the settlement agreement and release, dated July 1, 2022 (the "Settlement Agreement"), between her and Ms. Margaret Cotter, each, individually, as co-trustee of the James J. Cotter Living Trust (the "Living Trust"), co-executor of the Estate of James J. Cotter, Sr. and co-trustee of the James J. Cotter Foundation, Ms. Gina Cotter, individually, as successor-in-interest to the late Mr. James J. Cotter, Jr. and trustee of the Living Trust, Christopher D. Carico, as guardian ad litem for the minor, unborn and unascertained beneficiaries of the Living Trust, and Cecelia Packing Corporation, received final and non-appealable approval from the applicable courts (the date of such approval, the "Effective Date").
On the Effective Date, ownership of the 614,332.8 shares of Voting Stock in the Living Trust transferred directly and automatically to Ms. Ellen Cotter and Ms. Margaret Cotter as individuals, giving each of them pecuniary interest in 50% (307,166.4) of such shares. As described in the Schedule 13D/A, the SBJC Trust (a voting trust of which Ms. Gina Cotter is sole trustee and of which her and Mr. James J. Cotter, Jr.'s children are the beneficiaries pursuant to the Settlement Agreement) previously held the right to receive these shares of Voting Stock.
On the Effective Date, Ms. Ellen Cotter and Ms. Margaret Cotter became obligated to pay the SBJC Trust for such right $7,788,000 (payable in installments as described in the Schedule 13D/A). In consideration for the $7,788,000, the heirs of Mr. James J. Cotter, Jr. gave up any claim they might have to any shares of Voting Trust Voting Stock held by the Estate and/or the Voting Trust.
The monetary values allocated to assets in the Settlement Agreement (including the 614,332.8 shares of Voting Stock) do not represent the actual or perceived values of such assets, but rather these agreed-to monetary payments represent the parties to the Settlement Agreement taking into account the dismissal of a multitude of longstanding litigation matters and resolve for the parties certain inherent litigation risk that could continue if a settlement was not reached.
Also includes 50,000 shares of Class B Common Stock owned directly by Ms. Ellen Cotter.
All capitalized terms not otherwise defined herein are defined in the Schedule 13D/A. The above transactions are being reported late due to inadvertent administrative oversight. Ms. Ellen Cotter disclaims beneficial ownership of all shares of Voting Stock, except to the extent of her pecuniary interest therein. For information on voting and dispositive power over the shares reported herein, which may differ from the pecuniary interest reported herein, see the Schedule 13D/A.
/s/ Ellen Cotter
2023-02-14