Spruce House Amends Cimpress Stake Filing

Ticker: CMPR · Form: SC 13D/A · Filed: Sep 11, 2024 · CIK: 1262976

Sentiment: neutral

Topics: ownership-change, sec-filing, schedule-13d

Related Tickers: CMPR

TL;DR

Spruce House Investment Management updated their Cimpress stake filing - watch for potential moves.

AI Summary

Spruce House Investment Management LLC has filed an amendment (No. 3) to its Schedule 13D concerning Cimpress plc. The filing, dated September 11, 2024, indicates a change in the beneficial ownership of Cimpress plc's ordinary shares. Spruce House Investment Management LLC is the filer, with its business address located in New York, NY.

Why It Matters

This filing signals a potential shift in significant shareholding for Cimpress plc, which could influence stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or strategic shifts, warranting close monitoring.

Key Players & Entities

FAQ

What is the purpose of this SC 13D/A filing?

This filing is an amendment (Amendment No. 3) to Schedule 13D, indicating a change in the beneficial ownership of Cimpress plc's securities by Spruce House Investment Management LLC.

Who is the subject company of this filing?

The subject company is Cimpress plc, with Central Index Key 0001262976.

Who is the entity filing this amendment?

The entity filing this amendment is Spruce House Investment Management LLC, with Central Index Key 0001543170.

What is the title of the class of securities being reported?

The title of the class of securities is Ordinary Shares, par value €0.01 per share.

When was this filing made?

This filing was made on September 11, 2024.

Filing Stats: 1,259 words · 5 min read · ~4 pages · Grade level 14.7 · Accepted 2024-09-11 16:23:02

Filing Documents

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. 3)* 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) September 9, 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 §§240. 13d-1(e), 240. 13d-1(f) or 240. 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 240. 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 (“Act”) 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 No. G2143T103 Page 2 of 8 Pages 1 NAME OF REPORTING PERSON 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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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 IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.21 % 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, IA CUSIP No. G2143T103 Page 3 of 8 Pages 1 NAME OF REPORTING PERSON 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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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 IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.21 % 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO CUSIP No. G2143T103 Page 4 of 8 Pages 1 NAME OF REPORTING PERSON 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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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 IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.21 % 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO CUSIP No. G2143T103 Page 5 of 8 Pages 1 NAME OF REPORTING PERSON 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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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 IF THE AG

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