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13D Filing: Champion Industries Inc (CHMP) Approves Reverse Split, May Delist

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Champion Industries Inc (OTCMKTS:CHMP) is the subject of a new 13D filing issued by executives of the company, which reveals the most up-to-date ownership information of the investors in the stock, which you can see in the table below. Among other things, the filing reveals that the company’s board has approved a 1-for-200 reverse stock split, and that should the number of stockholders fall under 300 as a result, the company will deregister its shares and cease to be a publicly-reporting company.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Marshall T. Reynolds I.R.S. Identification Nos. of above persons (entities only) 1,817,615 0 1,817,615 0 4,238,687 53.7%
The Harrah and Reynolds Corporation I.R.S. Identification Nos. of above persons (entities only) 55-0140550 4,238,687 0 4,238,687 0 125,390 37.5%
Glenn W. Wilcox, Sr. I.R.S. Identification Nos. of above persons (entities only) 125,390 0 125,390 0 52,419 1.1%
Phillip E. Cline I.R.S. Identification Nos. of above persons (entities only) 52,419 0 52,419 0 62,300 0.005%
Neal W. Scaggs I.R.S. Identification Nos. of above persons (entities only) 62,300 0 62,300 0 14,000 0.006%
Louis J. Akers I.R.S. Identification Nos. of above persons (entities only) 14,000 0 14,000 0 0 0.001%
Justin T. Evans I.R.S. Identification Nos. of above persons (entities only) 0 0 0 0 0.00%

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Champion Industries, Inc.

(Name of Issuer)
$1.00 Par Value Class A Common Stock

(Title of Class of Securities)
158520106

(CUSIP Number)
Justin T. Evans
Senior Vice President and Chief Financial Officer
2450 First Avenue
P.O. Box 2968
Huntington, West Virginia 25728
(304) 528-2700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 18, 2016

(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. o
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