Dillard's completes merger with family holding company, reducing shares outstanding

Filed June 4, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• high

  Merger with WDC family holding company completed June 4, 2026. WDC's 4 million Dillard's shares were cancelled and fewer shares reissued to WDC shareholders, resulting in net share reduction and no dilution to existing shareholders.

  Item 1.01 view on EDGAR →
• high

  Former WDC shareholders collectively hold slightly lower ownership percentage after merger due to fractional share treatment. Existing Dillard's shareholders saw their ownership stakes marginally increase.

  Item 1.01 view on EDGAR →
• medium

  Shares issued to WDC shareholders as merger consideration were unregistered, relying on private placement exemptions under Section 4(a)(2) and Regulation D Rule 506.

  Item 3.02 verify on EDGAR →