SCHEDULE 13G/A: Warren B. Kanders and Kanders SAF Disclose Significant Stake in Cadre Holdings, Holding Over 31% of Common Stock
Beneficial Ownership Filing (Schedule 13G Amendment)
Warren B. Kanders and Kanders SAF, LLC have filed an amended Schedule 13G, revealing beneficial ownership of 31.3% of Cadre Holdings, Inc.'s common stock as of December 31, 2024.
Summary
- Warren B. Kanders, individually and through entities, beneficially owns an aggregate of 12,736,927 shares of Cadre Holdings, Inc. common stock, representing 31.3% of the class.
- Kanders SAF, LLC, of which Mr. Kanders is the sole member and manager, beneficially owns 11,266,192 shares, equating to 27.6% of the common stock.
- Mr. Kanders' beneficial ownership includes 23,992 shares held directly, 1,305,650 shares in his Roth IRA, 11,266,192 shares held by Kanders SAF, LLC, and 117,643 shares underlying stock options exercisable within 60 days of December 31, 2024.
- An additional 23,450 shares are held by Allison Kanders Roth IRA, which are also deemed beneficially owned by Mr. Kanders due to his spousal relationship.
- The reported percentages are based on 40,725,630 shares of common stock outstanding as of December 31, 2024, which includes 40,607,988 shares outstanding as of November 4, 2024, plus the 117,643 presently exercisable options.
- The filing excludes 227,333 shares underlying stock options not exercisable within 60 days and 2,066,867 shares underlying restricted common stock awards not vested within 60 days.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without expressing positive or negative sentiment about the company's performance or prospects.
Future Outlook
This document is a beneficial ownership disclosure and does not contain forward-looking statements or guidance regarding the company's future performance or operations.
Industry Context
This filing is a standard disclosure of significant ownership by a major shareholder and does not provide broader industry trends or competitive analysis. It primarily reflects the ownership structure within Cadre Holdings, Inc.
Related Party Transactions
- The filing discloses 23,450 shares held by Allison Kanders Roth IRA, which are deemed beneficially owned by Warren B. Kanders due to his spousal relationship, indicating a related party holding within the reported beneficial ownership.
Stakeholder Impact
- Shareholders: The disclosure of a significant ownership stake (31.3%) by Warren B. Kanders, a key individual, indicates concentrated control, which can influence corporate decisions and potentially impact minority shareholder rights or strategic direction.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | End of the quarter for which Cadre Holdings' Form 10-Q was filed, reporting 40,607,988 shares outstanding as of November 4, 2024. |
| 2024-11-04 | Date as of which 40,607,988 shares of Common Stock were outstanding, as reported in the Company's Quarterly Report on Form 10-Q. |
| 2024-11-06 | Date Cadre Holdings' Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, was filed with the SEC. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of signing and filing of this Schedule 13G Amendment No. 3. |
Keywords
Cadre Holdings, Warren B. Kanders, Kanders SAF, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Shareholder Stake, Corporate Governance, Investment
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