• Dillard’s completed the merger of W.D. Company, a family holding company, into the retailer on June 4, 2026.
• W.D. Company held 41,496 Class A shares and 3,985,776 Class B shares, which became treasury stock at closing and were cancelled.
• Former W.D. Company shareholders received 41,494 Class A shares, 3,985,758 Class B shares, and USD 85,652.51 cash in lieu of fractional shares.
• The structure left former W.D. Company shareholders with a slightly lower ownership stake, resulting in no dilution for existing shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dillard's Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-070529), on June 04, 2026, and is solely responsible for the information contained therein.