Form 4: American Vanguard Director Adjusts Indirect Holdings

American Vanguard Director Keith M. Rosenbloom reported a change in his indirect beneficial ownership following a pro-rata distribution of shares from an investment fund.

Summary

• Keith M. Rosenbloom, a Director of American Vanguard Corp, reported a change in his beneficial ownership of Common Stock.
• An investment fund, for which Cruiser Capital (where Mr. Rosenbloom is Managing Member) served as the management company, distributed 231,404 shares of Common Stock to its members on a pro-rata basis for no consideration.
• Cruiser Capital received 13,901 shares from this distribution, which continue to be reflected in the reported holdings.
• As a result, 217,503 shares (231,404 total distributed minus 13,901 retained by Cruiser Capital) are no longer beneficially or pecuniarily interested by Cruiser Capital, representing a disposition from Mr. Rosenbloom's indirect interest.
• Following this transaction, Mr. Rosenbloom's direct beneficial ownership of Common Stock is 34,411 shares.
• His indirect beneficial ownership of Common Stock, through Cruiser Capital's advisory roles to various investment funds and separately managed accounts, is 571,781 shares.
• Mr. Rosenbloom disclaims beneficial ownership of the securities held by the Cruiser Funds and SMAs except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This Form 4 reports a routine change in indirect beneficial ownership due to a fund distribution, which is neutral in sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves an investment fund managed by Cruiser Capital, where the reporting person, Keith M. Rosenbloom, is the Managing Member. This constitutes a related party dealing as it affects his indirect beneficial ownership.

Stakeholder Impact

• Shareholders: A minor change in the indirect ownership structure of shares. The shares are still held by individuals, just no longer indirectly through the specific fund managed by Cruiser Capital. No direct impact on company operations or value.
• Employees, Customers, Suppliers, Creditors: No direct impact.

Key Dates

Keywords

AMERICAN VANGUARD CORP, AVD, Keith M. Rosenbloom, Form 4, beneficial ownership, share distribution, insider transaction, Cruiser Capital, corporate governance