Koch Increases Stake in Compass Minerals
Ticker: CMP · Form: SC 13D/A · Filed: Aug 2, 2024 · CIK: 1227654
| Field | Detail |
|---|---|
| Company | Compass Minerals International INC (CMP) |
| Form Type | SC 13D/A |
| Filed Date | Aug 2, 2024 |
| Risk Level | medium |
| Pages | 13 |
| Reading Time | 15 min |
| Key Dollar Amounts | $0.01, $36.87, $251,751,313 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, ownership-change, amendment
Related Tickers: CMP
TL;DR
Koch just upped their stake in Compass Minerals. Watch this space.
AI Summary
Koch, Inc. has amended its Schedule 13D filing regarding Compass Minerals International, Inc. as of August 2, 2024. The filing indicates a change in beneficial ownership, with Koch, Inc. now holding a significant stake in Compass Minerals. Specific details on the exact percentage or number of shares acquired in this amendment are not explicitly stated in the provided text, but it signifies an increased or changed position by Koch Industries.
Why It Matters
This filing signals a potential shift in control or influence for Compass Minerals, as a major entity like Koch Industries adjusts its investment.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by large entities can lead to significant stock price volatility and potential strategic shifts for the target company.
Key Players & Entities
- Koch, Inc. (company) — Filing entity
- Compass Minerals International, Inc. (company) — Subject company
- Koch Industries, LLC (company) — Group member
- Raffaele G. Fazio (person) — Contact person for Koch, Inc.
FAQ
What is the specific change in beneficial ownership reported by Koch, Inc. in this amendment?
The provided text states it is an amendment (Amendment No. 1) to Schedule 13D and indicates a change in beneficial ownership, but does not specify the exact number of shares or percentage acquired in this amendment.
What is the filing date of this SC 13D/A amendment?
The filing date is August 2, 2024.
Who is the subject company of this filing?
The subject company is Compass Minerals International, Inc.
What is the primary business of Compass Minerals International, Inc. according to the filing?
Compass Minerals International, Inc. is in the business of Mining, Quarrying of Nonmetallic Minerals (No Fuels).
What is the address and contact person listed for Koch, Inc. in this filing?
The address is 4111 East 37th Street North, Wichita, Kansas 67220, and the contact person is Raffaele G. Fazio at (316) 828-8310.
Filing Stats: 3,801 words · 15 min read · ~13 pages · Grade level 13.6 · Accepted 2024-08-02 20:34:55
Key Financial Figures
- $0.01 — me of Issuer) Common stock, par value $0.01 per share (Title of Class of Securiti
- $36.87 — r share purchase price of approximately $36.87 for an aggregate purchase price of $251
- $251,751,313 — 6.87 for an aggregate purchase price of $251,751,313 (the Private Placement). On October 18,
Filing Documents
- d856655dsc13da.htm (SC 13D/A) — 115KB
- d856655dex992.htm (EX-99.2) — 7KB
- 0001193125-24-193114.txt ( ) — 124KB
From the Filing
SC 13D/A 1 d856655dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) Compass Minerals International, Inc. (Name of Issuer) Common stock, par value $0.01 per share (Title of Class of Securities) 20451N101 (CUSIP Number) Koch, Inc. 4111 East 37 th Street North Wichita, Kansas 67220 Attn: Raffaele G. Fazio (316) 828-8310 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 1, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of section 18 of the Securities Exchange Act of 1934 (the Exchange Act ) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes). CUSIP: 20451N101 Page: Page 2 of 13 1 NAMES OF REPORTING PERSONS Koch Industries, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS AF (See Item 3) 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Kansas NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 (1) 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 0 (1) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (1) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% (1) 14 TYPE OF REPORTING PERSON OO (1) Effective August 1, 2024, pursuant to an internal reorganization, Koch Industries, LLC (formerly known as Koch Industries, Inc.) (KII) ceased to own equity interests, directly or indirectly, of KM&T Investment Holdings, LLC (KM&T Investment), and Koch, Inc. became the indirect ultimate parent company of both KM&T Investment and KII. Accordingly, KII no longer has (or shall be deemed to have) beneficial ownership of any shares of common stock, par value $0.01 per share (the Public Shares), of Compass Minerals International, Inc. (the Issuer) held by KM&T Investment. CUSIP: 20451N101 Page: Page 3 of 13 1 NAMES OF REPORTING PERSONS KM&T Investment Holdings, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS AF (See Item 3) 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 7,034,609 (1) 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 7,034,609 (1) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,034,609 (1) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.02% (2) 14 TYPE OF REPORTING PERSON OO (1) Represents 7,034,609 Public Shares held by KM&T Investment. (2) Calculated using 41,333,826 Public Shares deemed outstanding as of May 10, 2024 as reported in the Issuers Quarterly Report on Form 10-Q filed with the SEC on May 15, 2024. CUSIP: 20451N101 Page: Page 4 of 13 1 NAMES OF REPORTING PERSONS Koch, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS AF (See Item 3) 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Kansas NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 7,034,609 (1) 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 7,034,609 (1) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,034,609 (1) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.02% (2) 14 TYPE OF REPO