180 Degree Capital Amends Comscore Stake Disclosure
Ticker: SCOR · Form: SC 13D/A · Filed: Feb 22, 2024 · CIK: 1158172
| Field | Detail |
|---|---|
| Company | Comscore, Inc. (SCOR) |
| Form Type | SC 13D/A |
| Filed Date | Feb 22, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $12,501,940, $2,188,816, $731,195, $18.2202 |
| Sentiment | neutral |
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor
TL;DR
**180 Degree Capital just updated their Comscore ownership, signaling potential shifts in their investment strategy.**
AI Summary
180 Degree Capital Corp. /NY/, along with group members Kevin M. Rendino and Matthew F. McLaughlin, filed an Amendment No. 9 to their Schedule 13D on February 22, 2024, regarding their ownership in Comscore, Inc. This filing updates previous disclosures about their stake in the company, whose business address is 11950 Democracy Drive, Suite 600, Reston, VA 20190.
Why It Matters
This amendment signals a change in the reporting entity's beneficial ownership or investment intent, which could influence Comscore's stock performance or corporate strategy.
Risk Assessment
Risk Level: low — This is an informational filing (amendment to a 13D) and does not inherently present a direct risk, but rather updates public knowledge of a significant shareholder's position.
Key Players & Entities
- 180 Degree Capital Corp. /NY/ (company) — Filing entity, investor in Comscore, Inc.
- Comscore, Inc. (company) — Subject company of the filing
- Kevin M. Rendino (person) — Group member associated with the filing entity
- Matthew F. McLaughlin (person) — Group member associated with the filing entity
- February 22, 2024 (date) — Date of filing
FAQ
Who filed this SC 13D/A amendment?
The SC 13D/A Amendment No. 9 was filed by 180 Degree Capital Corp. /NY/, along with group members Kevin M. Rendino and Matthew F. McLaughlin.
What is the subject company of this filing?
The subject company of this filing is Comscore, Inc., with a Central Index Key (CIK) of 0001158172.
What is the filing date of this amendment?
The filing date for this SC 13D/A Amendment No. 9 is February 22, 2024.
What is the business address of Comscore, Inc.?
Comscore, Inc.'s business address is 11950 Democracy Drive, Suite 600, Reston, VA 20190.
What is the form type and amendment number of this SEC filing?
The form type is SC 13D/A, and it is Amendment No. 9.
Filing Stats: 1,257 words · 5 min read · ~4 pages · Grade level 10.2 · Accepted 2024-02-22 08:50:59
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
- $12,501,940 — ficially owned by 180 Degree Capital is $12,501,940, including brokerage commissions. The s
- $2,188,816 — beneficially owned by Mr. McLaughlin is $2,188,816, including brokerage commissions. The s
- $731,195 — owned by Mr. Rendino and his spouse is $731,195, including brokerage commissions. The s
- $18.2202 — se Reporting Person Common Stock 4,170 $18.2202 1222024 Kevin M. Rendino Common Stock
- $17.4314 — 24 Kevin M. Rendino Common Stock 1,125 $17.4314 2132024 Kevin M. Rendino Common Stock
- $16.7900 — 24 Kevin M. Rendino Common Stock 5,000 $16.7900 2202024 Kevin M. Rendino Item 7. Mate
Filing Documents
- scor-13daxfeb202024pressre.htm (SC 13D/A) — 67KB
- a20240220-q42023financialr.htm (EX-99.1) — 32KB
- image_0a.jpg (GRAPHIC) — 29KB
- image_1a.jpg (GRAPHIC) — 286KB
- image_2a.jpg (GRAPHIC) — 31KB
- image_3a.jpg (GRAPHIC) — 9KB
- q42023shareholderletter.htm (EX-99.2) — 35KB
- 0000893739-24-000025.txt ( ) — 624KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration.
is hereby amended and restated as follows
Item 3 is hereby amended and restated as follows (1) The aggregate purchase price of the 340,366 shares of Common Stock of the Issuer beneficially owned by 180 Degree Capital is $12,501,940, including brokerage commissions. The source of funds for acquiring the foregoing shares of Common Stock was working capital from each of 180 Degree Capital and a separate account which is managed by 180 Degree Capital. (2) The aggregate purchase price of the 100,000 shares of Common Stock of the Issuer beneficially owned by Mr. McLaughlin is $2,188,816, including brokerage commissions. The source of funds for acquiring the foregoing shares of Common Stock was personal funds of this Reporting Person. (3) The aggregate purchase price of the 26,125 shares of Common Stock of the Issuer beneficially and jointly owned by Mr. Rendino and his spouse is $731,195, including brokerage commissions. The source of funds for acquiring the foregoing shares of Common Stock was personal funds of this Reporting Person.
Purpose of the Transaction
Item 4. Purpose of the Transaction.
is hereby amended to add the following
Item 4 is hereby amended to add the following On February 1, 2024, 180 Degree Capital issued a press release (the "Press Release") and a letter to the shareholders of 180 Degree Capital (the Shareholder Letter), which each discussed 180 Degree Capital's nomination of Matthew F. McLaughlin for election to the Board at the Annual Meeting. Furthermore, 180 Degree Capital reiterated its belief that the Board requires significant improvements in corporate governance and fresh perspectives from individuals with deep industry experience in the Issuer's markets. The full text of the Press Release and the Shareholder Letter are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.
Interest in the Securities of the Issuer
Item 5. Interest in the Securities of the Issuer
(c) is hereby amended and restated as follows
Item 5(c) is hereby amended and restated as follows (c) The following shares of Common Stock of the Issuer were acquired in open market purchases within 60 days of the filing date of this Schedule 13D Class of Security Shares Purchased Price Per Share Date of Purchase Reporting Person Common Stock 4,170 $18.2202 1222024 Kevin M. Rendino Common Stock 1,125 $17.4314 2132024 Kevin M. Rendino Common Stock 5,000 $16.7900 2202024 Kevin M. Rendino
Material to be Filed as Exhibits
Item 7. Material to be Filed as Exhibits
is hereby amended to add the following exhibits
Item 7 is hereby amended to add the following exhibits Exhibit 99.1 – Press Release, dated February 20 , 2024. Exhibit 99.2 – Shareholder Letter, date d February 20, 2024. SIGNATURE After reasonable inquiry and to the best of each signatories knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated February 22, 2024 180 DEGREE CAPITAL CORP. By s Daniel B. Wolfe Name Daniel B. Wolfe Title President MATTHEW F. MCLAUGHLIN By s Matthew F. McLaughlin Name Matthew F. McLaughlin KEVIN M. RENDINO By s Kevin M. Rendino Name Kevin M. Rendino