0001104659-17-009326.txt : 20170214 0001104659-17-009326.hdr.sgml : 20170214 20170214170415 ACCESSION NUMBER: 0001104659-17-009326 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170214 DATE AS OF CHANGE: 20170214 GROUP MEMBERS: BRENDA F. KINLAW GROUP MEMBERS: C. GLYNN QUATTLEBAUM GROUP MEMBERS: FAYE K. SHIRLEY, AS CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOC GROUP MEMBERS: JESSE W. GEDDINGS GROUP MEMBERS: PAMELA DENISE GODLEY AS TRUSTEE OF:1. THE PAMELA DENISE GODL GROUP MEMBERS: PAMELA DENISE GODLEY AS TRUSTEE OF:2. THE HAYLEI D. TUCKER F GROUP MEMBERS: SHERRI QUATTLEBAUM GROUP MEMBERS: U.S. TRUST CO OF DELAWARE AS TRUSTEE OF THE TYLER GODLEY 201 GROUP MEMBERS: WELLS FARGO BANK, N.A., AS CO-TRUSTEE OF THE JERRY L. SHIRLE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Regional Management Corp. CENTRAL INDEX KEY: 0001519401 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 570847115 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86802 FILM NUMBER: 17610119 BUSINESS ADDRESS: STREET 1: 979 BATESVILLE ROAD STREET 2: SUITE B CITY: GREER STATE: SC ZIP: 29651 BUSINESS PHONE: 864-448-7000 MAIL ADDRESS: STREET 1: 979 BATESVILLE ROAD STREET 2: SUITE B CITY: GREER STATE: SC ZIP: 29651 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Godley Richard A CENTRAL INDEX KEY: 0001525517 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: 509 WEST BUTLER ROAD CITY: GREENVILLE STATE: SC ZIP: 29607 SC 13G/A 1 a17-4276_1sc13ga.htm SC 13G/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

 

Regional Management Corp.

(Name of Issuer)

Common stock, $0.10 par value

(Title of Class of Securities)

75902K106

(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

 

*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).

 


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
Richard A. Godley, Sr.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
36,049**

 

8.

Shared Dispositive Power:
0***

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
IN

 

*                             Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**                      This number includes 17,456 shares of Common Stock issuable upon exercise of options held by Mr. Godley.

***               Does not include 121,505 shares of Common Stock held by Mr. Godley’s wife, Pamela Denise Godley, in her capacity as trustee of two trusts, nor 203,860 shares held by the Tyler Godley 2011 Irrevocable Trust, dated March 28, 2011, for which Ms. Godley serves as Investment Advisor with respect to shares of Common Stock of the Issuer, as disclosed on the following Page 3 and Page 7.  Mr. Godley disclaims beneficial ownership of these shares.

†                             The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

2


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
Pamela Denise Godley as Trustee of:

1.              The Pamela Denise Godley Revocable Trust, dated November 3, 2011; and

2.              The Haylei D. Tucker Family 2012 Irrevocable Trust, dated December 17, 2012.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
Ms. Godley is a United States citizen.  Both trusts are South Carolina trusts.

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
121,505

 

8.

Shared Dispositive Power:
203,860**

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
IN

 

*                 Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**          These shares of Common Stock are held by The Tyler Godley 2011 Irrevocable Trust, dated March 28, 2011, for which Ms. Godley serves as Investment Advisor with respect to shares of Common Stock of the Issuer.  Ms. Godley disclaims beneficial ownership of these shares.  Does not include 36,049 shares of Common Stock held by Ms. Godley’s husband Richard A. Godley, Sr. as disclosed on the previous page.  Ms. Godley disclaims beneficial ownership of these shares.

†                 The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

3


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
Faye K. Shirley, as Co-Trustee of the Jerry L. Shirley Revocable Trust, dated June 4, 2009 **

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
Ms. Shirley is a U.S. citizen.  The trust is a South Carolina trust.

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
0

 

8.

Shared Dispositive Power:
228,191**

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
IN

 

*                 Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**          Jerry L. Shirley, a resident of the State of South Carolina passed away on November 5, 2016.  His widow, Faye K. Shirley, and Wells Fargo Bank, N.A. are the co-trustees of the Jerry L. Shirley Revocable Trust dated June 4, 2009.

†                 The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

4


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
Wells Fargo Bank, N.A., as Co-Trustee of the Jerry L. Shirley Revocable Trust, dated June 4, 2009 **

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
Wells Fargo Bank, N.A. is a nationally chartered bank.  The trust is a South Carolina trust.

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
0

 

8.

Shared Dispositive Power:
228,191**

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
CO

 

*                 Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**          Jerry L. Shirley, a resident of the State of South Carolina passed away on November 5, 2016.  His widow, Faye K. Shirley, and Wells Fargo Bank, N.A. are the co-trustees of the Jerry L. Shirley Revocable Trust dated June 4, 2009.

†                 The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

5


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
U.S. Trust Company of Delaware as trustee of The Tyler Godley 2011 Irrevocable Trust, dated March 28, 2011

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
U.S. Trust Company is organized under the laws of Delaware.  The trust is a Delaware trust.

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
0

 

8.

Shared Dispositive Power:
203,860**

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
CO

 

*                 Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**          Pamela Denise Godley is the investment advisor to the trust with respect to these shares of Common Stock of the Issuer.  Ms. Godley disclaims beneficial ownership of these shares.

†                 The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

6


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
Brenda F. Kinlaw

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
44,125

 

8.

Shared Dispositive Power:
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
IN

 

*                 Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

†                 The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

7


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
C. Glynn Quattlebaum

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
274,810**

 

8.

Shared Dispositive Power:
80,131***

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
IN

 

*                             Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**                      This number includes 274,810 shares of Common Stock issuable upon exercise of options held by Mr. Quattlebaum.

***               Mr. Quattlebaum holds these shares of Common Stock as a joint tenant with his wife Sherri Quattlebaum.

†                             The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

8


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
Sherri Quattlebaum

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
0

 

8.

Shared Dispositive Power:
80,131**

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
IN

 

*                 Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**          Includes 80,131 shares of Common Stock held as a joint tenant with Ms. Quattlebaum’s husband, C. Glynn Quattlebaum.  Does not include 274,810 shares of Common Stock (all of which shares are issuable upon exercise of options) held by Mr. Quattlebaum as reported on the previous page.  Ms. Quattlebaum disclaims beneficial ownership of these shares.

†                 The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

9


 

CUSIP No. 75902K106

13G

 

 

 

1.

Name of Reporting Persons:
Jesse W. Geddings

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power:
0

 

6.

Shared Voting Power:
1,024,720*

 

7.

Sole Dispositive Power:
36,049**

 

8.

Shared Dispositive Power:
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person:
1,024,720*

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9):
8.7%*†

 

 

12.

Type of Reporting Person (See Instructions):
IN

 

*                 Represents the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons.  See Item 4 of the Statement on Schedule 13G.

**          7,347 of this number represent shares of Common Stock issuable upon exercise of options held by Mr. Geddings.

†                 The calculation of the foregoing percentage is based on 11,444,998 shares of Common Stock outstanding as of October 26, 2016 as reported in Regional Management Corp.’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016.

 

10


 

Item 1.

(a).

Name of Issuer
Regional Management Corp. (the “Company”)

 

(b).

Address of Issuer’s Principal Executive Offices:

979 Batesville Road, Suite B

Greer, South Carolina 29651

 

Item 2(a).

 

Name of Person Filing

Item 2(b).

 

Address of Principal Business Office

(i)                         Richard A. Godley, Sr.

(ii)                      Pamela Denise Godley, as Trustee of

(a)         the Pamela Denise Godley Revocable Trust, dated November 3, 2011, and

(b)         the Haylei D. Tucker Family 2012 Irrevocable Trust, dated December 17, 2012

(iii)                   Faye K. Shirley, as Co-Trustee of the Jerry L. Shirley Revocable Trust, dated June 4, 2009

(iv)                  Wells Fargo Bank, N.A., as Co-Trustee of the Jerry L. Shirley Revocable Trust, dated June 4, 2009

(v)                     U.S. Trust Company of Delaware as Trustee of The Tyler Godley 2011 Irrevocable Trust, dated March 28, 2011

(vi)                  Brenda F. Kinlaw

(vii)               C. Glynn Quattlebaum

(viii)            Sherri Quattlebaum

(ix)                  Jesse W. Geddings

 

c/o Regional Management Corp.

979 Batesville Road, Suite B

Greer, South Carolina 29651

 

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.”

 

The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2017, a copy of which is attached as Exhibit A to this statement on Schedule 13G, pursuant to which the Reporting Persons agreed to file any amendments to this amended statement on Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.

Item 2(c).

 

Citizenship
See Item 4 of each cover page.

Item 2(d).

 

Title of Class of Securities:
Common stock, $0.10 par value (the “Common Stock”).

Item 2(e).

 

CUSIP Number:
75902K106

 

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

Not Applicable.

 

11


 

Item 4.

Ownership.

 

(a)

Amount beneficially owned:   

Pursuant to the Amended and Restated Shareholders Agreement, dated as of March 27, 2012, among the Company, Parallel 2005 Equity Fund, LP, Palladium Equity Partners III, L.P. and the shareholders listed on Annex II thereto (the “Shareholders Agreement”), each of the Reporting Persons party thereto may be deemed to be a member of a group exercising voting control over the shares of Common Stock held by certain of them.  As of December 31, 2016, each of the Reporting Persons party thereto may be deemed to be the beneficial owner of 1,024,720 shares of Common Stock, including options to purchase 299,613 shares of Common Stock which are exercisable at December 31, 2016 or exercisable within 60 days of December 31, 2016.  The Shareholders Agreement is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 2, 2012.

 

Jerry L. Shirley passed away on November 5, 2016 and therefore ceased to be a member of the Reporting Persons group.  His shares are now held by his widow, Faye K. Shirley, and Wells Fargo Bank, N.A. as Co-Trustees of the Jerry L. Shirley Revocable Trust, dated June 4, 2009, who are now members of the Reporting Persons group in their capacities as such Co-Trustees.

 

(b)

Percent of class:   

See Item 11 of each cover page and Item 4(a) above.

 

(c)

Number of shares as to which the Reporting person has:

 

 

(i)

Sole power to vote or to direct the vote:   

See Item 5 of each cover page.

 

 

(ii)

Shared power to vote or to direct the vote:    

See Item 6 of each cover page.

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

See Item 7 of each cover page.

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

See Item 8 of each cover page.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following x.

 

Jerry L. Shirley passed away on November 5, 2016 and therefore ceased to be a member of the Reporting Persons group. His shares are now held by his widow, Faye K. Shirley, and Wells Fargo Bank, N.A. as Co-Trustees of the Jerry L. Shirley Revocable Trust, dated June 4, 2009, who are now members of the Reporting Persons group in their capacities as such Co-Trustees.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

See Item 4 above.  To the best knowledge of the Reporting Persons, other than as described in Item 4 above, no one other than the Reporting Persons, the partners, members, affiliates or shareholders of the Reporting Persons and any other persons named in Item 4 or Item 8 has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

 

Not Applicable.

 

Item 8.

Identification and Classification of Members of the Group.

 

As stated in Item 4 above, pursuant to the Shareholders Agreement, each of the Reporting Persons party to such agreement may be deemed to be a member of a group exercising voting control over the shares of Common Stock held by certain of them.  As of December 31, 2016, each of the Reporting Persons may be deemed to be the beneficial owner of the 1,024,720 shares of Common Stock.

 

Item 9.

Notice of Dissolution of Group.

 

Jerry L. Shirley passed away on November 5, 2016 and therefore ceased to be a member of the Reporting Persons group.  His shares are now held by his widow, Faye K. Shirley, and Wells Fargo Bank, N.A. as Co-Trustees of the Jerry L. Shirley Revocable Trust, dated June 4, 2009, who are now members of the Reporting Persons group in their capacities as such Co-Trustees.  The Reporting Persons do not believe the foregoing constitutes dissolution of the reporting group but rather a replacement of a member of the existing reporting group by his successors in ownership.

 

12


 

Item 10.

Certifications.

 

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.

 

Dated:  February 14, 2017

 

 

/s/ Richard A. Godley, Sr.

 

RICHARD A. GODLEY, SR.

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

PAMELA DENISE GODLEY, AS TRUSTEE OF THE PAMELA DENISE GODLEY REVOCABLE TRUST,

 

DATED NOVEMBER 3, 2011

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

PAMELA DENISE GODLEY, AS TRUSTEE OF THE HAYLEI D. TUCKER FAMILY 2012 IRREVOCABLE TRUST,

 

DATED DECEMBER 17, 2012

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Faye K. Shirley

 

FAYE K. SHIRLEY, AS CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOCABLE TRUST,

DATED JUNE 4, 2009

 

 

 

BY: WELLS FARGO BANK, N.A., AS CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOCABLE TRUST,

DATED JUNE 4, 2009

 

 

 

 

 

BY:

/s/ Robert J. Galey, Jr.

 

NAME: Robert J. Galey, Jr.

 

TITLE: Vice President

 

 

 

13


 

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.

 

Dated:  February 14, 2017

 

 

U.S. TRUST COMPANY OF DELAWARE AS

 

TRUSTEE OF THE TYLER GODLEY 2011 IRREVOCABLE TRUST,

 

DATED MARCH 28, 2011

 

 

 

 

 

BY:

/s/ Richard A. Godley, Sr.

 

NAME: CATHLEEN MCVEIGH

 

TITLE: MANAGING DIRECTOR

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

BRENDA F. KINLAW

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

C. GLYNN QUATTLEBAUM

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

SHERRI QUATTLEBAUM

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

JESSE W. GEDDINGS

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

14


 

EXHIBIT LIST

 

Exhibit A                                             Joint Filing Agreement, dated as of February 14, 2017.

 

15


 

EXHIBIT A

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the undersigned agree to the joint filing on behalf of each of them of this amendment to Schedule 13G (and any and all further amendments thereto) with respect to the common stock of Regional Management Corp.  In accordance with Rule 13d-1(k) of the Exchange Act, each of the undersigned shall be responsible for the completeness and accuracy of the information concerning such person contained therein, but shall not be responsible for the completeness and accuracy of the information concerning any other person contained therein, unless such person knows or has reason to believe that such information is inaccurate.  This Joint Filing Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

Dated   February 14, 2017

 

 

/s/ Richard A. Godley, Sr.

 

RICHARD A. GODLEY, SR

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

PAMELA DENISE GODLEY, AS TRUSTEE OF THE PAMELA DENISE GODLEY REVOCABLE TRUST,

 

DATED NOVEMBER 3, 2011

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

PAMELA DENISE GODLEY, AS TRUSTEE OF THE HAYLEI D. TUCKER FAMILY 2012 IRREVOCABLE TRUST,

 

DATED DECEMBER 17, 2012

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Faye K. Shirley

 

FAYE K. SHIRLEY, AS CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOCABLE TRUST,

DATED JUNE 4, 2009

 

 

 

16


 

 

BY: WELLS FARGO BANK, N.A., AS

 

CO-TRUSTEE OF THE JERRY L. SHIRLEY REVOCABLE TRUST,

DATED JUNE 4, 2009

 

 

 

 

 

 

BY:

/s/ Robert J. Galey, Jr.

 

NAME: Robert J. Galey, Jr.

 

TITLE: Vice President

 

 

 

 

 

U.S. TRUST COMPANY OF DELAWARE AS

 

TRUSTEE OF THE TYLER GODLEY 2011 IRREVOCABLE TRUST

 

DATED MARCH 28, 2011

 

 

 

 

 

 

BY:

/s/ Richard A. Godley, Sr.

 

NAME: CATHLEEN MCVEIGH

 

TITLE: MANAGING DIRECTOR

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

BRENDA F. KINLAW

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

C. GLYNN QUATTLEBAUM

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

SHERRI QUATTLEBAUM

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

 

 

 

 

/s/ Richard A. Godley, Sr.

 

JESSE W. GEDDINGS

 

By Richard A. Godley, Sr., Attorney-in-Fact

 

17