Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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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. ________)*
CARDINAL ETHANOL, LLC
(Name of Issuer)
Limited Liability Company Membership Units
(Title of Class of Securities)
Not Applicable
(CUSIP Number)
Justin T. Molitoris
Barrett McNagny LLP
215 East Berry Street
Fort Wayne, IN 46802
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 1, 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 sections 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 section 240.13d-7 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).
CUSIP No.
13D
Page 2 of 8 Pages
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
David M. Dersch, Sr.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) Dersch Energy LLC
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
PF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
744
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
744
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
744
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)
5.2%
14.
TYPE OF REPORTING PERSON (see instructions)
IN
CUSIP No.
13D
Page 3 of 8 Pages
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
David M. Dersch, Jr.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) Dersch Energy LLC
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
PF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7.
SOLE VOTING POWER
1
8.
SHARED VOTING POWER
754
9.
SOLE DISPOSITIVE POWER
1
10.
SHARED DISPOSITIVE POWER
754
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
755
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)
5.2%
14.
TYPE OF REPORTING PERSON (see instructions)
IN
CUSIP No.
13D
Page 4 of 8 Pages
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS (ENTITIES ONLY)
Mark W. Dersch
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) Dersch Energy LLC
(b)
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
PF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7.
SOLE VOTING POWER
100
8.
SHARED VOTING POWER
754
9.
SOLE DISPOSITIVE POWER
100
10.
SHARED DISPOSITIVE POWER
754
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
854
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)
5.9%
14.
TYPE OF REPORTING PERSON (see instructions)
IN
CUSIP No.
13D
Page 5 of 8 Pages
Item 1. Security and Issuer.
Limited liability company membership units of Cardinal Ethanol, LLC,
1554 N. 600 E. Union City, IN 47390.
Item 2. Identity and Background.
The Reporting Persons are David M. Dersch Sr., an individual residing at
15 Valerie Dr, Greenville, SC, David M. Dersch, Jr., an individual residing
at 113 Bennington Rd, Greer, SC 29650 and member of Dersch Energy LLC and
Mark W. Dersch, an individual residing at 1265 E Fort King St.,
Ocala, FL 34461.
David M. Dersch, Sr. is a retired Physician, David M. Dersch, Jr. is an
Air Force Chaplain and Mark W. Dersch is a Physician in Ocala, Florida.
David M. Dersch, Sr. and David M. Dersch, Jr. are the managers of
Dersch Energy, LLC.
With respect to the affairs of David M. Dersch, Sr., David M. Dersch, Jr. and
Mark W. Dersch, each acting individual or collectively, have been appointed
David M. Dersch, Sr.s Attorney-in-Fact pursuant to that certain General
Power of Attorney dated December 4, 2014.
During the last 5 years, none of the individuals have been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
has been 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.
All individuals are citizens of the United States.
Item 3. Source or Amount of Funds or Other Consideration.
David M. Dersch, Sr., David M. Dersch, Jr. and Mark W. Dersch have all used
funds from personal accounts.
Item 4. Purpose of Transaction.
The Reporting Persons have acquired their interests in the Issuer for
investment purposes based upon their view that the Issuers industry presents
viable opportunities for long term growth. Each Reporting Person at any time
from time to time may acquire additional stock or dispose of any of its stock
depending on an ongoing evaluation of the investment. The Reporting Persons
do not have any other plans or proposals that relate to or would result in any
of the transactions described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
CUSIP No.
13D
Page 6 of 8 Pages
Item 5. Interest in Securities of the Issuer.
David M. Dersch, Sr. owns and has shared voting and dispositive power over
154 units of the Issuers membership interests. As David M. Dersch, Sr.s
Attorney-in-Fact, David M. Dersch, Jr. and Mark W. Dersch have shared voting
and dispositive power over the same 154 units.
David M. Dersch, Jr. owns and has sole voting and dispositive power over 1 unit
of the Issuers membership interests.
Mark W. Dersch owns and has sole voting and dispositive power over 100 units of
the Issuers membership interests.
As the manager of Dersch Energy, LLC, David M. Dersch, Sr. and
David M. Dersch, Jr. have shared voting and dispositive power over the same
600 units. As David M. Dersch, Sr.s Attorney-in-Fact, Mark W. Dersch has shared
voting and dispositive power over the same 600 units.
David M. Dersch, Sr. has shared voting and dispositive power over 5.2% of the
Issuers outstanding equity. David M. Dersch, Jr. has sole or shared voting and
dispositive power over 5.2% of the Issuers outstanding equity. Mark W. Dersch
has sole or shared voting and dispositive power over 5.9% of the Issuers
outstanding equity.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
David M. Dersch, Jr. serves on the board of directors of Cardinal Ethanol, LLC.
Item 7. Materials to Be Filed as Exhibits.
N/A
CUSIP No.
13D
Page 7 of 8 Pages
SIGNATURES
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.
DAVID M. DERSCH, SR.
/s/ David M. Dersch, Sr.________________
DAVID M. DERSCH, JR.
/s/ David M. Dersch, Jr.________________
MARK W. DERSCH
/s/ Mark W. Dersch________________
CUSIP No.
13D
Page 8 of 8 Pages
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, each of the undersigned hereby agrees to (i) the joint filing
on behalf of each of them of a statement on Schedule 13D (including amendments
thereto) with respect to the shares of Industrial Services of America, Inc.
and (ii) that this Joint Filing Agreement be included as an exhibit to such
joint filing, provided that, as contemplated by Section 13d-1(k)(ii), no person
shall be responsible for the completeness and accuracy of the information
concerning the other persons making the filing unless such person knows or has
reason to believe such information is inaccurate.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement
as of this 14th day of February, 2022.
DAVID M. DERSCH, SR.
/s/ David M. Dersch, Sr.
DAVID M. DERSCH, JR.
/s/ David M. Dersch, Jr. ________________
MARK W. DERSCH
/s/ Mark W. Dersch ________________