UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 25, 2019
DNIB UNWIND, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-36072 | 56-2596148 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
c/o Development Specialists, Inc.
333 South Grand Avenue, Suite 4100
Los Angeles, California 90071
(Address of principal executive offices) (Zip Code)
(213)617-2717
(Registrant’s telephone number, include area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Not applicable | Not applicable | Not applicable |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934(§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD.
On November 25, 2019, the DNIB Liquidation Trust (the “Trust”) filed a notice of distribution (the “Notice”) with the United States Bankruptcy Court for the District of Delaware. The Notice provides that the trustee of the Trust (the “Trustee”) intends to make a final cash distribution to certain former shareholders of DNIB Unwind, Inc. (the “Company”) in an aggregate amount of approximately $450,000 on or about December 10, 2019 (the “Distribution”). The shareholders entitled to receive their pro rata share of the Distribution are those shareholders that held the Company’s shares as of August 30, 2016 and timely submitted previously requested tax information (the “Tax Forms”) and, if applicable, a broker certification form (the “Certification Form”), in valid form, to Prime Clerk LLC. Shareholders that did not submit a valid Tax Form and, if applicable, a valid Certification Form timely are not entitled to share in the Distribution under the Company’s chapter 11 plan of liquidation. The per share distribution to shareholders who timely provided such forms to the Trust for the Distribution is approximately $0.0284 and the total per share distribution to such shareholders following all distributions combined will be approximately $1.36.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
99.1 | Notice of Distribution, filed November 25, 2019 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DNIB UNWIND, INC. | ||||||
Date: November 25, 2019 | By: | /s/ Geoffrey L. Berman | ||||
Geoffrey L. Berman | ||||||
Chief Restructuring Officer |