0001654954-21-006858.txt : 20210614 0001654954-21-006858.hdr.sgml : 20210614 20210614170218 ACCESSION NUMBER: 0001654954-21-006858 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210614 DATE AS OF CHANGE: 20210614 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ISSUER DIRECT CORP CENTRAL INDEX KEY: 0000843006 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL PRINTING [2750] IRS NUMBER: 261331503 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41710 FILM NUMBER: 211015331 BUSINESS ADDRESS: STREET 1: 1 GLENWOOD AVE. STREET 2: SUITE 1001 CITY: RALEIGH STATE: NC ZIP: 27603 BUSINESS PHONE: 9194611600 MAIL ADDRESS: STREET 1: 1 GLENWOOD AVE. STREET 2: SUITE 1001 CITY: RALEIGH STATE: NC ZIP: 27603 FORMER COMPANY: FORMER CONFORMED NAME: DOCUCON INC DATE OF NAME CHANGE: 20071002 FORMER COMPANY: FORMER CONFORMED NAME: DOCUCON INCORPORATED DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Yorkmont Capital Partners, LP CENTRAL INDEX KEY: 0001563674 IRS NUMBER: 800835231 STATE OF INCORPORATION: TX FISCAL YEAR END: 1212 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2313 LAKE AUSTIN BLVD SUITE 202 CITY: AUSTIN STATE: TX ZIP: 78703 BUSINESS PHONE: 512-320-1920 MAIL ADDRESS: STREET 1: 2313 LAKE AUSTIN BLVD SUITE 202 CITY: AUSTIN STATE: TX ZIP: 78703 SC 13D/A 1 isdr_sc13d.htm FORM SC 13D/A isdr_sc13d
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934 (Amendment No. 1)*
 
Issuer Direct Corporation
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
46520M204
(CUSIP Number)
 
Yorkmont Capital Management, LLC
2313 Lake Austin Blvd., Suite 202
Austin, TX 78703
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 11, 2021
(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 ☒.
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent.
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
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).


Page 2
 
SCHEDULE 13D
 
CUSIP No.
96327X101
 
1
NAMES OF REPORTING PERSONSI.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Yorkmont Capital Partners, LP
 80-0835231
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  [ ]
(b)  [ ]
3
SEC USE ONLY
     
4
SOURCE OF FUNDS (See Instructions)
WC
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                                       [ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
NUMBER OFSHARESBENEFICIALLYOWNED BYEACHREPORTINGPERSONWITH
7
SOLE VOTING POWER
185,000
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
185,000
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
185,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
       [ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
14
TYPE OF REPORTING PERSON (See Instructions)
PN
 
 
Page 3
 
CUSIP No.
96327X101
 
1
NAMES OF REPORTING PERSONSI.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Yorkmont Capital Management, LLC
 45-5389822
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  [ ]
(b)  [ ]
3
SEC USE ONLY
     
4
SOURCE OF FUNDS (See Instructions)
AF
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                                       [ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
NUMBER OFSHARESBENEFICIALLYOWNED BYEACHREPORTINGPERSONWITH
7
SOLE VOTING POWER
185,000
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
185,000
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
185,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
       [ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
14
TYPE OF REPORTING PERSON (See Instructions)
IA
 
 
Page 4
 
CUSIP No.
96327X101
 
1
NAMES OF REPORTING PERSONSI.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Graeme P. Rein
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  [ ]
(b)  [ ]
3
SEC USE ONLY
     
4
SOURCE OF FUNDS (See Instructions)
AF, PF
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                                       [ ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
NUMBER OFSHARESBENEFICIALLYOWNED BYEACHREPORTINGPERSONWITH
7
SOLE VOTING POWER
235,000
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
235,000
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
235,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
       [ ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.2%
14
TYPE OF REPORTING PERSON (See Instructions)
IN/HC
 
 

 
Item 1. Security and Issuer
 
This statement on Schedule 13D (this “Statement”) relates to the common stock, par value $0.001 per share (the “Common Stock”) of Issuer Direct Corporation (the “Issuer”), with its principal executive offices located at 1 Glenwood Avenue, Suite 1001, Raleigh NC 27603.
 
Item 2. Identity and Background
 
Item 2 (a) - (c) and (f). This statement is being filed by the following persons:
 
Yorkmont Capital Partners, LP, a Texas limited partnership;
 
Yorkmont Capital Management, LLC, is a Texas limited liability company; and
 
Graeme P. Rein (Mr. Rein), is a citizen of the United States of America.
 
Yorkmont Capital Partners, LP is a private investment vehicle engaged in the business of investing in securities. Graeme P. Rein is the managing member of Yorkmont Capital Management, LLC, which is the general partner of Yorkmont Capital Partners, LP. The business address and principal executive offices of the each of the Reporting Persons is 2313 Lake Austin Blvd., Suite 202, Austin, TX 78703.
 
Item 2 (d)-(e). During the last five years, none of the Reporting Persons have been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
Item 3. Source and Amount of Funds or Other Considerations
 
The shares owned by Yorkmont Capital Partners, LP were purchased with working capital of the fund. The shares held by Mr. Rein were purchased with personal funds held in Mr. Rein’s brokerage account. The aggregate purchase price of the 235,000 shares beneficially owned is approximately $1,663,765. No borrowed funds were used in the purchases.
 
Item 4. Purpose of Transaction
 
The Reporting Persons originally acquired the Common Stock subject to this Schedule 13D for investment purposes. The Reporting Persons will review their investments in the Common Stock on a continuing basis, and, subject to applicable law and regulation and depending upon certain factors, including, without limitation, the financial performance of the Issuer, the availability and price of the Common Stock, and other general market and investment conditions, the Reporting Persons may determine to:
 
- acquire additional Common Stock through open market purchases or otherwise;
 
- sell Common Stock through the open market or otherwise; or
 
- otherwise engage or participate in a transaction with the purpose or effect of changing or influencing the control of the Company.
 
 
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Such transactions may take place at any time and without prior notice. There can be no assurance, however, that any Reporting Person will take any such actions.
 
Item 5. Interest in Securities of the Issuer
 
(a) 
The aggregate percentage of the Company’s outstanding shares of Common Stock reported owned by each Reporting Person is based on 3,765,975 shares of Common Stock outstanding at May 6, 2021, as reported by the Company on its Form 10Q, filed with the United States Securities and Exchange Commission on May 6, 2021.
 
Yorkmont Capital Partners, LP beneficially owns 185,000 shares of Common Stock, representing 4.9% of all the outstanding shares of Common Stock.
 
Yorkmont Capital Management, LLC beneficially owns 185,000 shares of Common Stock, representing 4.9% of all the outstanding shares of Common Stock. Yorkmont Capital Management LLC is the general partner of, and controls, Yorkmont Capital Partners, LP.
 
Mr. Rein beneficially owns 235,000 shares of Common Stock, representing 6.2% of all the outstanding shares of Common Stock. Mr. Rein, as the managing member of Yorkmont Capital Management, LLC, may be deemed to beneficially own the 185,000 shares of Common Stock beneficially owned by Yorkmont Capital Partners, LP.
 
(b) 
Each of Yorkmont Capital Partners, LP, Yorkmont Capital Management, LLC and Mr. Rein may be deemed to have sole voting and dispositive power with respect to the 185,000 shares of Common Stock held by Yorkmont Capital Partners, LP.
 
(c) 
No transactions in the Common Stock have been effected during the past sixty days by Yorkmont Capital Partners, LP, Yorkmont Capital Management, LLC or Mr. Rein.
 
(d) 
Not applicable
 
(e) 
Not applicable
 
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
 
Mr. Rein has been appointed to the Company’s Board of Directors effective June 11, 2021.
 
The relationships between Mr. Rein, Yorkmont Capital Management, LLC, and Yorkmont Capital Partners, LP are described above under Item 2.
 
Item 7. Material to Be Filed as Exhibits
 
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.
 
June 14, 2021
 
Dated
 
/s/ Graeme P. Rein
 
Signature
 
Graeme P. Rein, Managing Member
 
Name/Title
 
 
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
 
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
 
 
Page 7
 
CUSIP No. 96327X101
 
EXHIBIT A
 
JOINT FILING AGREEMENT
 
The undersigned hereby agree that the Statement on Schedule 13D dated June 14, 2021 with respect to the shares of Common Stock of Issuer Direct Corporation and any further amendments thereto executed by each and any of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13(d)-1(k)(1) under the Securities Exchange Act of 1934, as amended.
 
Dated: June 14, 2021
 
YORKMONT CAPITAL PARTNERS, LP
 
 
 
 
 
 
By:
YORMONT CAPITAL MANAGEMENT, LLC
its General Partner
 
 
 
 
 
 
By:
 /s/ Graeme P. Rein
 
 
 
 Graeme P. Rein, General Partner
 
 
 
 
 
 
 
 
 
 
 
 
YORKMONT CAPITAL MANAGEMENT, LLC
 
 
 
 
 
 
By:
 /s/ Graeme P. Rein
 
 
 
 Graeme P. Rein, Managing Member
 
 
 
 
 
 
 
  GRAEME P. REIN
 
 
 
 
 
 
By:
 /s/ Graeme P. Rein
 
 
 
 Graeme P. Rein