SCHEDULE 13G
CUSIP No. 26443V101
1)Name of Reporting Person
Stephen L. Schlecht
2)Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3)SEC Use Only
4)Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person With:
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5)
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Sole Voting Power:
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11,520,645(1)(2)
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6)
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Shared Voting Power:
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0
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7)
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Sole Dispositive Power:
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11,520,645(1)(2)
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8)
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Shared Dispositive Power:
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0
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9)Aggregate Amount Beneficially Owned by Each Reporting Person
11,520,645(1)(2)
10)Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
11)Percent of Class Represented by Amount in Row (9)
35.4%(2)(3)(4)(5)
12)Type of Reporting Person
IN
_____________________
(1)Consists of 3,364,200 shares of Class A Common Stock and 8,156,445 shares of Class B Common Stock held of record by Mr. Schlecht.
(2)Each share of Class A Common Stock is convertible at any time into one share of Class B Common Stock.
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(3)Based on the aggregate number of shares of Class A Common Stock beneficially owned by Mr. Schlecht, which is treated as converted into Class B Common Stock only for purposes of computing the percentage ownership of the Reporting Person.
(4)Based on 29,160,616 shares of Class B Common Stock outstanding as of December 3, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended November 3, 2019 and as filed with the SEC on December 6, 2019, plus the shares of Class A Common Stock beneficially owned by Mr. Schlecht, which are treated as converted into Class B Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
(5)Each share of Class B Common Stock is entitled to one vote, and each share of Class A Common Stock is entitled to ten votes. There were 3,364,200 shares of Class A Common Stock outstanding as of December 3, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended November 3, 2019 and as filed with the SEC on December 6, 2019, all of which are beneficially owned by Mr. Schlecht. The percentage reported does not reflect the ten for one voting power of the Class A Common Stock.
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SCHEDULE 13G
CUSIP No.26443V101
ITEM 1(a).Name of Issuer.
DULUTH HOLDINGS INC.
ITEM 1(b).Address of Issuer’s Principal Executive Offices.
201 East Front Street
Mount Horeb, Wisconsin 53572
ITEM 2(a).Names of Persons Filing.
Stephen L. Schlecht
ITEM 2(b).Address of Principal Business Office of Each of the Persons Specified in 2(a) above.
201 East Front Street
Mount Horeb, Wisconsin 53572
ITEM 2(c).Citizenship or Place of Organization.
United States
ITEM 2(d).Title of Class of Securities.
This Statement pertains to the shares of Class B Common Stock, no par value, of Duluth Holdings Inc.
ITEM 2(e).CUSIP Number.
26443V101
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ITEM 3.If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ]
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
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(b)
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[ ]
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Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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[ ]
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Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C.
78c);
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(d)
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[ ]
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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(e)
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[ ]
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An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
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(f)
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[ ]
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An employee benefit plan or endowment fund in accordance with Section
240.13d-1(b)(1)(ii)(F);
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(g)
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[ ]
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A parent holding company or control person in accordance with Section
240.13d-1(b)(1)(ii)(G);
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(h)
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[ ]
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A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
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(j)
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[ ]
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A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J);
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(k)
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Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
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ITEM 4.Ownership.
The information contained in Items 5 – 11 on the cover page is incorporated herein by reference.
ITEM 5.Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ]
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
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ITEM 7.Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not Applicable.
ITEM 8.Identification and Classification of Members of the Group.
Not Applicable.
ITEM 9.Notice of Dissolution of Group.
Not Applicable.
ITEM 10.Certification.
Not Applicable.
SIGNATURE
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.
Dated as of the 12th day of February, 2020
/s/ Stephen L. Schlecht
Stephen L. Schlecht
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