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1City of Columbus NOTICE OF PUBLIC HEARING Chapter 4 Retail Sale of Tobacco and Related Products Interactive Technology Meeting Format (Statutes Section 13D.02) Notice is hereby given that a Public
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Section 13D.02 of the Minnesota Statutes pertains to the disclosure of certain information by entities or individuals who acquire a significant interest in a corporation, particularly in regard to the ownership of shares.
Individuals or entities that acquire more than 5% of a class of equity securities of a publicly traded company are required to file Section 13D.02 under Minnesota Statutes.
To fill out Section 13D.02, one must provide information including the identity of the filer, the amount and type of securities owned, the source of funds used for the purchase, and the purpose of the acquisition. Standard forms are available for this purpose.
The purpose of Section 13D.02 is to promote transparency and allow the public and regulators to be aware of significant ownership changes in publicly traded companies, which can impact corporate control and governance.
Key information that must be reported includes the reporting person's identity, the number of shares acquired, the percentage of ownership, the purpose of the acquisition, and details regarding any agreements or arrangements related to the securities.
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