SCHEDULE 13D/A: Jennifer Weis Amends Weis Markets Stake, Forms Controlling Family Voting Group

Sentiment:

Beneficial Ownership Amendment 9 June 2025 8:30 PM

Jennifer Weis has filed an amended Schedule 13D, disclosing her beneficial ownership of 5.2% of Weis Markets Inc. common stock and forming a voting group with other family members controlling approximately 61.7% of the outstanding shares.

Summary

Jennifer Weis beneficially owns 1,281,006 shares of Weis Markets Inc. Common Stock, representing approximately 5.2% of the outstanding shares.
Her individual ownership includes 1,079,275 shares, with additional shares held as trustee of a family trust (118,683), by her children (31,688), in trust for her (49,360), and by her spouse (2,000).
Jennifer Weis has agreed to act as a group for voting purposes with several other family members and entities, including Ellen W.P. Wasserman, EKTJ Management LLC, Kathryn J. Zox, Thomas H. Platz, James A. Platz, Jonathan H. Weis, Colleen Ross Weis, and the estate of Patricia G. Ross Weis.
This formed group collectively beneficially owns an aggregate of 15,275,312 shares of Common Stock, representing approximately 61.7% of the outstanding Common Stock.
The percentage of ownership is calculated based on 26,898,443 shares outstanding as of May 8, 2025, less 2,153,846 shares repurchased by the company on June 6, 2025.
This filing is Amendment No. 1 to the Schedule 13D originally filed on February 9, 2016, and specifically amends and restates Item 1 and Item 5.
The reporting person has not conducted any transactions in Weis Markets Common Stock during the past 60 days.

Sentiment

Score: 7

Explanation: The filing indicates a consolidation of control within a family group, which can be viewed positively for corporate stability and long-term strategic alignment, but is neutral regarding immediate financial performance.

Positives

The formation of a significant voting group controlling 61.7% of the outstanding shares could indicate enhanced stability in corporate governance and strategic direction, potentially reducing the risk of hostile takeovers or significant internal dissent.

Future Outlook

Industry Context

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Shareholder Group Formation	Jennifer Weis and several family members have formally agreed to act as a group for purposes of voting the equity securities of Weis Markets Inc., collectively controlling approximately 61.7% of the outstanding Common Stock.	2025-06-06	This formation of a controlling shareholder group could lead to more stable long-term strategic direction and potentially reduce the risk of external influence or hostile takeovers. However, it also significantly concentrates voting power, which may impact the influence of minority shareholders.

Stakeholder Impact

Shareholders: The formation of a controlling voting group (61.7%) among family members could provide stability in corporate governance and strategic direction, potentially reducing volatility from external pressures. However, it also concentrates voting power, which may impact minority shareholder influence and their ability to effect change.

Key Dates

Date	Description
2016-02-09	Original Schedule 13D filed by the Reporting Person.
2025-05-08	Date of Quarterly Report on Form 10-Q filed by Weis Markets Inc., reporting 26,898,443 shares outstanding.
2025-06-06	Date of event requiring filing of this statement; Weis Markets Inc. repurchased 2,153,846 shares as reported in Form 8-K.
2025-06-09	Date of signature for this Amendment No. 1 to Schedule 13D.

Recommendation

hold

Keywords

Weis Markets Inc., Common Stock, Schedule 13D, Beneficial Ownership, Voting Group, SEC Filing, Corporate Governance, Shareholder Stake, Family Trust, Stock Repurchase

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