Capital Fund, Magnolia, a major owner of America's Car-Mart, has just filed an initial statement of beneficial ownership where 797,955 shares of America's Car-Mart were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Magnolia. Magnolia operates out of Omaha, NE. Some additional info was provided as follows:
All of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of 797,955 shares of Common Stock of America's Car-Mart, Inc.
TMG and Mr. P
eterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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