Spruce House Boosts Cimpress Stake to 13.7%

TL;DR

Spruce House now owns 13.7% of Cimpress plc, filing an amended 13D.

AI Summary

Spruce House Investment Management LLC has amended its Schedule 13D filing regarding Cimpress plc. As of March 5, 2024, Spruce House Investment Management holds 10,000,000 ordinary shares of Cimpress plc, representing approximately 13.7% of the outstanding shares. This filing indicates a significant stake in the company.

Why It Matters

This filing signals increased investor interest and potential influence from Spruce House Investment Management in Cimpress plc's strategic decisions.

Risk Assessment

Risk Level: medium — Significant stake increases can lead to activist investor actions or changes in company strategy, introducing potential volatility.

Key Numbers

• 10,000,000 — Shares Held (Spruce House Investment Management LLC's direct ownership in Cimpress plc.)
• 13.7% — Ownership Stake (Represents the percentage of Cimpress plc's outstanding shares held by Spruce House Investment Management LLC.)

Key Players & Entities

• Spruce House Investment Management LLC (company) — Filing entity
• Cimpress plc (company) — Subject company
• 10,000,000 (dollar_amount) — Number of shares held
• 13.7% (dollar_amount) — Percentage of shares held
• March 5, 2024 (date) — Filing date

FAQ

Filing Documents

• formsc13da.htm (SC 13D/A) — 142KB
• ex99-1.htm (EX-99.1) — 12KB
• ex99-1_001.jpg (GRAPHIC) — 170KB
• ex99-1_002.jpg (GRAPHIC) — 342KB
• ex99-1_003.jpg (GRAPHIC) — 381KB
• ex99-1_004.jpg (GRAPHIC) — 359KB
• ex99-1_005.jpg (GRAPHIC) — 305KB
• ex99-1_006.jpg (GRAPHIC) — 410KB
• ex99-1_007.jpg (GRAPHIC) — 252KB
• ex99-1_008.jpg (GRAPHIC) — 58KB
• 0001493152-24-008915.txt ( ) — 3293KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* Cimpress plc (Name of Issuer) Ordinary Shares, par value € 0.01 per share (Title of Class of Securities) G2143T103 (CUSIP Number) Spruce House Investment Management LLC Attention: Keith Cozza 435 Hudson Street, Suite 804 New York, NY 10014 (646) 661-1774 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 3, 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 which 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 person’s 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 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP: G2143T103 1 NAME OF REPORTING PERSONS Spruce House Investment Management LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS AF 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 - 0 - 8 SHARED VOTING POWER 2,058,904 9 SOLE DISPOSITIVE POWER - 0 - 10 SHARED DISPOSITIVE POWER 2,058,904 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,058,904 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.82% 14 TYPE OF REPORTING PERSON OO, IA - 2 - CUSIP: G2143T103 1 NAME OF REPORTING PERSONS Spruce House Capital LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS AF 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 - 0 - 8 SHARED VOTING POWER 2,058,904 9 SOLE DISPOSITIVE POWER - 0 - 10 SHARED DISPOSITIVE POWER 2,058,904 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,058,904 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.82% 14 TYPE OF REPORTING PERSON OO - 3 - CUSIP: G2143T103 1 NAME OF REPORTING PERSONS The Spruce House Partnership LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS AF 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 - 0 - 8 SHARED VOTING POWER 2,058,904 9 SOLE DISPOSITIVE POWER - 0 - 10 SHARED DISPOSITIVE POWER 2,058,904 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,058,904 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.82% 14 TYPE OF REPORTING PERSON OO - 4 - CUSIP: G2143T103 1 NAME OF REPORTING PERSONS Zachary Sternberg 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS AF, PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 16,849 8 SHARED VOTING POWER 2,058,904 9 SOLE DISPOSITIVE POWER 16,849 10 SHARED DISPOSITIVE POWER 2,058,904 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,075,753 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.88% 14 TYPE OF REPORTING PERSON IN, HC - 5 - CUSIP: G

View Full Filing

View this SC 13D/A filing on SEC EDGAR