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DG $76.4

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76.40
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Dollar General Corporation
Formerly called
J.L. Turner and Son
Type
Public
Traded as NYSE: DG
S&P 500 Component
Industry Discount retailer
Founded J.L. Turner and Son
1939; 78 years ago (1939)
Dollar General Corporation
1968; 49 years ago (1968)
Founders J.L. Turner
Cal Turner
Headquarters 100 Mission Ridge, Goodlettsville, Tennessee, United States
Number of locations
14,000 stores (October 2017)
Areas served
Contiguous United States except for the Northwest
Key people
Michael M. Calbert (Chairman)
Todd Vasos (CEO)
John W. Garratt (CFO)
Products Clothing, cleaning supplies, home decor, health & beauty aids, pet supplies, toys, seasonal items, and grocery
Revenue Increase$20.369 billion (2015)
Operating income
Increase$1.940 billion (2015)
Net income
Increase$1.165 billion (2015)
Total assets Increase$11.258 billion (2015)
Divisions Dollar General Market
Subsidiaries Dolgencorp, LLC.
Dollar General Financial
Dollar General Global Sourcing
Dollar General Literacy Foundation
Website www.dollargeneral.com

Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee. As of August 2017, Dollar General operated over 13,000 stores in all U.S. states except: Alaska, Hawaii, Idaho, Montana, Washington, and Wyoming.

Dollar General has its origins in Scottsville, Kentucky from James Luther "J.L." Turner and Cal Turner Jr. James Luther (J.L.) Turner's father died in an accident in 1902 when J.L. was only 11. J.L. had to quit school so he could work the family farm and help provide for his mother and siblings. He never completed his education. J.L. knew his limited education demanded that he become a quick study of the world around him. After two unsuccessful attempts at retailing, J.L. became a traveling dry goods salesman for a Nashville wholesale grocer. J.L. left the sales job after 10 years and settled his family in Scottsville, Kentucky. During the Great Depression, he began buying and liquidating bankrupt general stores. J.L.'s only child, Cal Turner, Sr., accompanied his father to these closeouts at a young age, gaining valuable business knowledge and skills.

In October 1939, J.L. and Cal opened J.L. Turner and Son with an initial investment of $5,000 each. The switch to retailing resulted in annual sales above $2 million by the early 1950s. By the mid-1950s Turner had 35 department stores in Kentucky and Tennessee. In 1955 Cal Turner developed his idea of a retail store selling goods for a dollar, based on the Dollar Days promotions held at other department stores, by converting Turner's Department Store in Springfield, Kentucky into the first Dollar General Store. In 1964 J.L. Turner died leaving his son Cal Turner to succeed him.

The company Cal Turner co-founded went public as Dollar General Corporation in 1968, posting annual sales of more than $40 million and net income in excess of $1.5 million. In 1977, Cal Turner, Jr., who joined the company in 1965 as the third generation Turner, succeeded his father as president of Dollar General. Cal Jr. led the company until his retirement in 2002. Under his leadership, the company grew to more than 6,000 stores and $6 billion in sales. In 1997 a distribution center was established in South Boston, Virginia.

In 2000 Dollar General opened a new corporate headquarters in Goodlettsville, Tennessee. By the end of 2000 sales at Dollar General exceeded $4 billion. The distribution center in Homerville, Georgia was closed in April 2000 and operations were moved to a new distribution center in Alachua, Florida. Cal Jr. retired in 2002 and was succeeded by David Perdue in 2003. Dollar General entered the grocery market with the establishment of Dollar General Market in 2003. In 2004 Dollar General expanded to low-cost Asian markets by opening a sourcing office in Hong Kong.

On June 21, 2007 CEO David Perdue announced his resignation leaving David Bere as interim CEO. One month later all shares of Dollar General stock were acquired by private equity investors for $22 per share. An investment group consisting of affiliates of Kohlberg Kravis Roberts (KKR), GS Capital Partners (an affiliate of Goldman Sachs), Citigroup Private Equity and other co-investors completed an acquisition of Dollar General Corporation for a total enterprise value of $7.3 billion.

As a part of the transition to a privately held company, Dollar General assessed each location at the end of its lease against a model known as "EZ Stores". This assessment included evaluating whether the location had a loading dock, garbage dumpsters, adequate parking, and acceptable profitability. Stores that did not pass this evaluation were relocated or closed. Over 400 stores were closed as part of this initiative.

Dollar General filed on August 20, 2009 for an initial public offering of up to $750 Million turning the company once again into a publicly traded corporation. In 2013 Dollar General started selling cigarettes in response to its competitor Family Dollar selling cigarettes in 2012. Dollar General's 12th distribution center opened on May 31, 2014 in Bethel, Pennsylvania to serve the northeast and midwest stores. On August 18, 2014, Dollar General lodged a competing bid of $9.7 billion against Dollar Tree for Family Dollar. The bid was rejected on August 20, 2014 by the Family Dollar board, which said it would proceed with the deal with Dollar Tree.

Effective June 3, 2015, Chief Operating Officer Todd Vasos replaced Rick Dreiling as chief executive. Dreiling remained as senior advisor and chairman until his retirement in January 2016. Dollar General's 13th distribution center opened in San Antonio, Texas on June 6, 2016 with a local investment of $100 million and the creation of over 500 jobs. In September 2015, the Janesville City Council, in Wisconsin, approved an agreement to bring a Dollar General distribution center to the town. The center created more than 500 jobs in the area and became the 14th Dollar General distribution center.

On September 15, 2016, Dollar General announced plans to hire 10,000 new employees and open 900 new stores in fiscal 2016 and 1,000 in fiscal 2017. Dollar General had operated 13,000 stores as of August 2016. Dollar Express and all of its 323 locations were acquired by Dollar General in April 2017. In Jackson, Georgia, Dollar General will open a 15th distribution center in fall 2017 to serve stores in Georgia and the surrounding state.

For several years, Dollar General has had a connection with motorsports, particularly in NASCAR. The company is currently a primary sponsor for Joe Gibbs Racing. Dollar General sponsored Brian Vickers in the Nationwide Series in 2013. Dollar General became a primary sponsor for Matt Kenseth in the Sprint Cup Series starting in 2013. Dollar General and Turner (formerly Braun Racing) have been partnered together since 2008, with the team previously sponsoring cars for Frank Cicci Racing and Kevin Harvick Incorporated. In 2010, Dollar General sponsored some races in the Camping World Truck Series for Kyle Busch Motorsports with Kyle Busch in the No. 18 Toyota Tundra and sponsored Kyle Busch's Motorsports No. 51 Toyota Tundra for four races in 2014 with Busch driving three and Erik Jones driving one. Dollar General was the title sponsor for Nationwide Series races held in Charlotte every fall, Chicagoland every summer, and Phoenix in the spring. On May 23, 2016, Dollar General announced they would withdraw its sponsorship from NASCAR at the end of the 2016 season.

Dollar General is also active in the Verizon IndyCar Series since 2008, serving as the primary sponsor for owner/driver Sarah Fisher's Sarah Fisher Racing team. In 2010, both Fisher and Graham Rahal drove part-time for the team finishing 9th at the Honda Grand Prix of St. Petersburg. Fisher also led the field at the Peak Antifreeze & Motor Oil Indy 300 at Chicagoland Speedway. In 2011, Dollar General continued to sponsor Sarah Fisher Racing, the team was still part-time but Ed Carpenter drove for nines races starting at the 2011 Indianapolis 500. Since 2012 Dollar General is no longer a sponsor for Sarah Fisher's Sarah Fisher Racing.

Dollar General became the sponsor of the Dollar General Bowl, formerly the GoDaddy Bowl, in 2016.

Dollar General created its abbreviation, the letters "DG", as a store brand for "inexpensive" household products sold through the Dollar General stores. DG is also the company's NYSE ticker symbol.

In 2010, Dollar General was able to outbid the famous Italian Fashion House Dolce and Gabbana that sells very expensive fashion products under another "DG" label in the acquisition of the "DG" symbol as the Internet address. The domain "DG.com" was purchased in a private sale from EMC Corporation, the successor to the defunct Data General computer manufacturer in June 2010, making Dollar General the 107th large company in the world to own their initials as a 2-letter Internet address. The DG symbol is used by the company for a variety of in-house products called DG Home, DG Baby, DG Health and DG Body.

In 2017, Dollar General secured an exclusive contract to sell Jolt Cola in its stores.

Dollar General uses the Clover Valley store brand for grocery products and the Smart & Simple brand for low-end discount products.

The brand name Rexall was first established in 1903 by Louis K. Liggett that gradually became a powerhouse as a pharmaceutical drug store chain. In March 2010 Dollar General became the exclusive retailer for Rexall products. Rexall vitamins and supplements began appearing at Dollar General stores in March and by Fall 2010 a full line of Rexall products was available at Dollar General.

Dollar General Board of Directors as of July 2017 are: Michael M. Calbert (Chairman of the Board), Todd Vasos (CEO), Warren Bryant, Sandra Cohen, Patricia Fili-Krushel, Paula Price, William Rhodes III, and David Rickard.

Dollar General has over 12,500 stores in 43 states. Dollar General also has 14 distribution centers in 14 states.

Dolgencorp is a wholly owned subsidiary of Dollar General Corporation. Dollar General brand products are manufactured under the Dolgencorp subsidiary.

In 2004 a Dollar General office was opened in Hong Kong to oversee the global sourcing operations through exporting and importing products of Dollar General related goods.

Since 1993, Dollar General has provided funding of literacy and education programs through its subsidiary Dollar General Literacy Foundation. It has awarded over $135 million in grants to nonprofit organizations as of July 2017.

On April 30, 2001, Dollar General Corp was liable for making false statements or failing to disclose adverse facts about the company's financial results, and paid $162 million for settlement.

On April 30, 2001, Dollar General announced to restate its earnings for the past three fiscal years, due to accounting irregularities including allegations of fraudulent behavior.

On March 3, 2005, Dollar General announced to restate its results for 2000 through 2003, due to a clarification of lease-accounting matters issued by the SEC.

In November 2014, Dollar General was fined $51,700 by the Occupational Safety and Health Administration (OSHA) following an inspection of a Brooklyn, MS branch of the store. The statement from OSHA notes that Dollar General has had repeated health and safety violations: "Since 2009, OSHA has conducted 72 inspections of Dollar General nationwide. Of those inspections, 39 have resulted in citations." In April 2016, OSHA reported that further citations had been given to the store for exposing employees to the risk of electrical hazards due to missing face plates on electrical outlets. The store was fined $107,620.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2023 2023-03-16 Future report Set alerts
Q3 2023 2022-12-01 2.33 2.33
Q2 2023 2022-08-25 2.98 2.98
Q1 2023 2022-05-26 2.41 2.41
Q4 2022 2022-03-17 2.57 2.57
Q3 2022 2021-12-02 2.08 2.08
Q2 2022 2021-08-26 2.69 2.69
Q1 2022 2021-05-27 2.82 2.82
Q4 2021 2021-03-18 2.62 2.62
Q3 2021 2020-12-03 2.31 2.31

Ratings

2016-06-10 Reiterated Rating JPMorgan Chase & Co. Buy
2016-06-03 Reiterated Rating Citigroup Inc. Buy $98.00 to $107.00
2016-06-01 Initiated Coverage BTIG Research Buy to Buy $105.00
2016-05-29 Reiterated Rating Credit Suisse Buy
2016-05-29 Reiterated Rating Telsey Advisory Group Buy
2016-05-29 Reiterated Rating RBC Capital Buy
2016-05-29 Reiterated Rating Deutsche Bank Buy $91.00 to $95.00
2016-05-29 Reiterated Rating Credit Suisse Group AG Buy
2016-05-29 Reiterated Rating Royal Bank Of Canada Buy
2016-05-29 Reiterated Rating Deutsche Bank AG Buy $91.00 to $95.00
2016-05-27 Reiterated Rating Goldman Sachs Buy $97.00
2016-05-27 Reiterated Rating Jefferies Group Buy $97.00 to $101.00
2016-05-27 Boost Price Target RBC Capital Outperform $91.00 to $98.00
2016-05-27 Boost Price Target Telsey Advisory Group Outperform $89.00 to $95.00
2016-05-27 Boost Price Target Credit Suisse Outperform $90.00 to $95.00
2016-05-27 Reiterated Rating Goldman Sachs Group Inc. Buy $97.00
2016-05-26 Boost Price Target MKM Partners Buy $91.00 to $97.00
2016-05-23 Reiterated Rating Deutsche Bank Buy $91.00 to $95.00
2016-05-16 Reiterated Rating Jefferies Group Buy $97.00
2016-05-16 Reiterated Rating Sterne Agee CRT Buy
2016-05-04 Upgrade Bank of America Neutral to Buy $98.00 to $100.00
2016-05-04 Upgrade Bank of America Corp. Neutral to Buy $98.00 to $100.00
2016-04-04 Boost Price Target Macquarie Outperform $82.00 to $98.00
2016-03-31 Reiterated Rating Deutsche Bank Buy $84.00 to $95.00
2016-03-28 Boost Price Target Sterne Agee CRT Buy $88.00 to $93.00
2016-03-28 Boost Price Target BB&T Corp. Buy $89.00 to $94.00
2016-03-28 Reiterated Rating Bank of America Hold $88.00
2016-03-28 Boost Price Target MKM Partners Buy $90.00 to $91.00
2016-03-28 Reiterated Rating Jefferies Group Buy $96.00 to $97.00
2016-03-28 Boost Price Target Goldman Sachs Buy $91.00 to $92.00
2016-03-28 Reiterated Rating Stifel Nicolaus Buy $90.00 to $100.00
2016-03-25 Boost Price Target Deutsche Bank Buy $84.00 to $95.00
2016-03-24 Reiterated Rating Credit Suisse Outperform $90.00
2016-03-23 Reiterated Rating Morgan Stanley Buy $95.00
2016-03-13 Boost Price Target Citigroup Inc. Buy $86.00 to $98.00
2016-03-12 Reiterated Rating Credit Suisse Outperform $90.00
2016-03-12 Reiterated Rating Barclays Hold
2016-03-12 Reiterated Rating Barclays PLC Hold
2016-03-11 Boost Price Target Jefferies Group Buy $81.00 to $96.00
2016-03-11 Reiterated Rating Telsey Advisory Group Outperform $83.00 to $89.00
2016-03-11 Boost Price Target Barclays Equal Weight $76.00 to $79.00
2016-03-10 Boost Price Target MKM Partners Buy $82.00 to $90.00
2016-03-08 Reiterated Rating Piper Jaffray Overweight $78.00
2016-03-08 Reiterated Rating Piper Jaffray Cos. Overweight $78.00
2016-02-23 Initiated Coverage Buckingham Research Buy $94.00
2016-02-16 Upgrade Morgan Stanley Equal Weight to Overweight $80.00 to $95.00
2016-02-11 Reiterated Rating Jefferies Buy $81.00
2016-02-11 Lower Price Target Jefferies Group Buy $81.00
2016-02-11 Reiterated Rating Deutsche Bank Buy $80.00 to $79.00
2016-01-30 Reiterated Rating Piper Jaffray Overweight $78.00
2015-12-04 Lower Price Target Raymond James Strong-Buy $90.00 to $85.00
2015-12-04 Lower Price Target Jefferies Group Buy $89.00 to $83.00
2015-12-04 Lower Price Target MKM Partners Buy $85.00 to $82.00
2015-12-04 Lower Price Target Raymond James Financial Inc. Strong-Buy $90.00 to $85.00
2015-12-03 Reiterated Rating RBC Capital Buy
2015-12-02 Lower Price Target RBC Capital Outperform $88.00 to $82.00
2015-11-20 Upgrade BB&T Corp. Hold to Buy $78.00
2015-11-10 Downgrade Wolfe Research Outperform to Market Perform
2015-11-03 Lower Price Target Piper Jaffray Overweight $82.00 to $75.00
2015-10-29 Downgrade Goldman Sachs Conviction-Buy to Buy $88.00 to $85.00
2015-10-21 Upgrade Bank of America Underperform to Neutral $60.00 to $73.00
2015-10-17 Reiterated Rating Sterne Agee CRT Buy
2015-10-07 Reiterated Rating Deutsche Bank Buy $84.00 to $80.00
2015-09-06 Reiterated Rating Deutsche Bank Buy $84.00
2015-08-29 Reiterated Rating RBC Capital Buy
2015-08-29 Reiterated Rating Barclays Hold
2015-08-28 Boost Price Target Barclays Equal Weight $74.00 to $76.00
2015-08-28 Boost Price Target RBC Capital Outperform $86.00 to $88.00
2015-08-27 Boost Price Target JPMorgan Chase & Co. Overweight $87.00 to $90.00
2015-08-27 Lower Price Target Deutsche Bank Buy $85.00 to $84.00
2015-08-17 Reiterated Rating Deutsche Bank Buy $85.00
2015-08-13 Reiterated Rating Jefferies Group Buy $89.00
2015-07-15 Reiterated Rating Citigroup Inc. Buy $91.00 to $94.00
2015-07-10 Reiterated Rating Argus Hold
2015-07-09 Initiated Coverage Morgan Stanley Equal Weight $80.00
2015-06-10 Upgrade RBC Capital Sector Perform to Outperform $82.00 to $86.00
2015-06-09 Upgrade Raymond James Market Perform to Strong-Buy $73.34 to $90.00
2015-06-09 Initiated Coverage Macquarie Outperform $82.00
2015-06-05 Reiterated Rating BMO Capital Markets Outperform $79.00 to $85.00
2015-06-05 Boost Price Target JPMorgan Chase & Co. Overweight $85.00 to $87.00
2015-06-03 Boost Price Target RBC Capital Sector Perform to Sector Perform $79.00 to $82.00
2015-06-03 Reiterated Rating Telsey Advisory Group Outperform $80.00 to $83.00
2015-05-26 Upgrade Goldman Sachs Buy to Conviction-Buy $85.00 to $87.00
2015-04-08 Boost Price Target Deutsche Bank Buy $80.00 to $85.00
2015-03-17 Set Price Target Sterne Agee CRT Buy $83.00
2015-03-16 Reiterated Rating Deutsche Bank Buy $80.00
2015-03-13 Reiterated Rating Jefferies Group Buy $75.00 to $87.00
2015-03-13 Boost Price Target Barclays Equal Weight $63.00 to $74.00
2015-03-13 Boost Price Target RBC Capital Sector Perform $74.00 to $79.00
2015-03-13 Boost Price Target FBR & Co. Outperform $65.00 to $81.00
2015-03-13 Boost Price Target Telsey Advisory Group Outperform $75.00 to $80.00
2015-03-13 Boost Price Target FBR & Co Outperform $65.00 to $81.00
2015-03-12 Boost Price Target MKM Partners Buy $81.00 to $82.00
2015-02-23 Reiterated Rating JPMorgan Chase & Co. Overweight $85.00
2015-02-17 Boost Price Target Piper Jaffray Buy $73.00 to $85.00
2015-01-30 Initiated Coverage Goldman Sachs Buy $80.00 to $67.90
2015-01-26 Downgrade Bank of America Sell $60.00
2015-01-23 Boost Price Target MKM Partners Buy $74.00 to $81.00
2015-01-19 Reiterated Rating Deutsche Bank Buy $86.00
2014-12-16 Boost Price Target Deutsche Bank Buy $73.00 to $86.00
2014-12-10 Initiated Coverage Citigroup Inc. Buy $84.00
2014-12-05 Boost Price Target Barclays Equal Weight $58.00 to $63.00
2014-12-05 Boost Price Target RBC Capital Sector Perform $68.00 to $70.00
2014-12-02 Reiterated Rating Deutsche Bank Buy $73.00
2014-12-01 Boost Price Target Credit Suisse Outperform $74.00 to $76.00
2014-10-17 Initiated Coverage Stifel Nicolaus Buy $72.00
2014-08-29 Boost Price Target BMO Capital Markets $65.00 to $78.00
2014-08-29 Boost Price Target Telsey Advisory Group Not Rated $69.00 to $73.00
2014-08-19 Boost Price Target MKM Partners Buy $67.00 to $75.00
2014-08-19 Boost Price Target Deutsche Bank $69.00 to $73.00
2014-08-19 Upgrade Wolfe Research Market Perform to Outperform
2014-08-18 Boost Price Target Telsey Advisory Group Not Rated $62.00 to $69.00
2014-08-18 Upgrade Credit Suisse Neutral to Outperform $64.14 to $74.00
2014-08-18 Upgrade Deutsche Bank Hold to Buy $69.00 to $73.00
2014-08-18 Upgrade Sterne Agee CRT Neutral to Buy $58.00 to $76.00
2014-08-18 Upgrade Johnson Rice Equal Weight to Overweight
2014-07-28 Initiated Coverage Argus Hold
2014-06-30 Downgrade Johnson Rice Overweight to Equal Weight
2014-06-25 Initiated Coverage Morgan Stanley Equal Weight $68.00
2014-06-24 Downgrade Goldman Sachs Conviction-Buy to Buy
2014-06-09 Upgrade Citigroup Inc. Hold to Buy $79.00 to $75.00
2014-06-09 Upgrade Jefferies Group Hold to Buy $56.00 to $75.00
2014-06-09 Reiterated Rating Bank of America Positive
2014-06-04 Reiterated RBC Capital Mkts Sector Perform $62 to $63
2014-06-04 Reiterated Rating Telsey Advisory Group $62.00
2014-06-04 Boost Price Target RBC Capital Sector Perform $62.00 to $63.00
2014-05-29 Downgrade Sterne Agee CRT Buy to Neutral $63.00 to $58.00
2014-05-28 Downgrade Deutsche Bank Buy to Hold $65.00 to $60.00
2014-04-03 Initiated Coverage Jefferies Group Hold $56.00
2014-02-19 Lower Price Target BMO Capital Markets Outperform $65.00
2014-02-19 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-02-19 Downgrade Wells Fargo Outperform to Market Perform
2014-01-28 Boost Price Target Deutsche Bank Buy $63.00 to $68.00
2013-12-06 Boost Price Target Telsey Advisory Group Not Rated $63.00 to $66.00
2013-12-06 Upgrade Goldman Sachs Neutral to Buy $64.00 to $71.00
2013-12-05 Boost Price Target MKM Partners Buy $64.00 to $67.00
2013-12-03 Reiterated Rating RBC Capital Sector Perform $63.00 to $66.00
2013-10-29 Initiated Coverage Susquehanna Positive $72.00
2013-09-05 Reiterated Telsey Advisory Group Not Rated $61 to $63
2013-09-05 Reiterated MKM Partners Buy $59 to $64
2013-06-05 Reiterated MKM Partners Buy $62 to $59
2013-03-26 Reiterated MKM Partners Buy $56 to $62
2013-03-26 Reiterated FBR Capital Outperform $55 to $60
2012-12-12 Reiterated MKM Partners Buy $61 to $56
2012-06-28 Reiterated Avondale Mkt Outperform $52 to $60
2016-06-10 Reiterated Rating JPMorgan Chase & Co. Buy
2016-06-03 Reiterated Rating Citigroup Inc. Buy $98.00 to $107.00
2016-06-01 Initiated Coverage BTIG Research Buy to Buy $105.00
2016-05-29 Reiterated Rating Credit Suisse Buy
2016-05-29 Reiterated Rating Telsey Advisory Group Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Buck Holdings L.P. 8.12%  (24650665) DG /
Jones Adrian M 0.12%  (360055) DG / EDMC / TTOO /
KKR Fund Holdings L.P. 0.07%  (210339) DG / EYE / FDC / KKR / LAUR / PRAH / RNET / ROC / SC / SJM / USFD /
KKR Fund Holdings GP Ltd 0.07%  (210339) DG / KKR /
VASOS TODD J Div. Pres., Chief Merch. Ofc 0.03%  (104098) DG /
DREILING RICHARD W Chairman & CEO 0.03%  (89934) DG / K / LOW / PHM /
CALBERT MICHAEL M 0.03%  (79584) DG /
LANIGAN SUSAN S EVP & General Counsel 0.02%  (52407) CHS / DG / KIRK / SFNC /
Ravener Robert D EVP & Chief People Officer 0.01%  (28307) DG /
Sparks Gregory A EVP, Store Operations 0.01%  (25312) DG /
TAYLOR RHONDA SVP & General Counsel 0.01%  (22806) DG /
RICKARD DAVID B 0.01%  (15265) DG / HRS / JLL /