Dillard family members report combined 89.5% stake after merger of holding company
William T. Dillard II, Alex Dillard, and Mike Dillard filed a Schedule 13D disclosing their collective ownership of approximately 89.5% of Dillard's Inc. following the June 4, 2026 completion of a merger in which W.D. Company Inc., a family holding company, merged into the issuer. The three individuals, holding 4,593,431, 4,875,898, and 4,233,045 shares respectively (30.0%, 31.8%, and 27.7% of the class), stated their intent to review their investment on a continuing basis and may engage in discussions regarding extraordinary corporate transactions, asset sales or acquisitions, capitalization changes, or board composition modifications.
Key facts
- William T. Dillard II owns 4,593,431 shares (30.0% of class)
- Alex Dillard owns 4,875,898 shares (31.8% of class)
- Mike Dillard owns 4,233,045 shares (27.7% of class)
- Merger Agreement dated March 20, 2026, amended March 25, 2026
- Merger completed June 4, 2026
- W.D. Company Inc. merged into Dillard's Inc.
- WDC held 41,496 shares of Class A Common Stock and 3,985,776 shares of Class B Common Stock prior to merger
- Aggregate Issued Stock Merger Consideration: 41,494 shares Class A and 3,985,758 shares Class B
- Cash paid in lieu of fractional shares: $85,652.51
Why it matters
The Dillard family has consolidated control of approximately 89.5% of the company through elimination of their holding company structure, positioning them to influence major corporate decisions and board composition while retaining their existing ownership percentage.
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Derived from SCHEDULE 13D filed 2026-06-05. Not investment advice. View the source filing on SEC.gov →