Form 4: Koch Industries Inc. Reports Change in Beneficial Ownership of Compass Minerals International Inc.
SEC Form 4
Koch Industries Inc. no longer has beneficial ownership of Compass Minerals International Inc. shares due to an internal reorganization effective August 1, 2024.
Summary
- Koch Industries Inc. (KII) has reported a change in beneficial ownership of Compass Minerals International Inc. (CMP) shares.
- Effective August 1, 2024, KII ceased to own equity interests in KM&T Investment Holdings, LLC due to an internal reorganization.
- Koch, Inc. became the indirect ultimate parent company of both KM&T Investment and KII.
- Consequently, KII no longer has beneficial ownership of CMP shares held by KM&T Investment.
- KII will no longer be deemed a 'director by deputization' of CMP due to KM&T Investment's board designations.
Sentiment
Score: 5
Explanation: The document is a routine filing related to a corporate reorganization, with neutral implications for Compass Minerals' financial performance.
Industry Context
This announcement reflects internal restructuring within Koch Industries and its impact on ownership stakes in portfolio companies like Compass Minerals. Such reorganizations are common and often driven by strategic or tax considerations.
Stakeholder Impact
- Shareholders of Compass Minerals may experience no immediate impact as the change reflects internal restructuring within Koch Industries.
- The change does not directly affect employees, customers, suppliers, or creditors of Compass Minerals.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Effective date of internal reorganization where Koch Industries, LLC ceased to own equity interests of KM&T Investment Holdings, LLC. |
| 08/02/2024 | Date of signature for the SEC Form 4 filing. |
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