State Street discloses 4.9% Compass Minerals (CMP) ownership on passive 13G
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
State Street Corporation has filed a Schedule 13G reporting beneficial ownership of 2,049,285 shares of Compass Minerals International Inc. common stock, representing 4.9% of the outstanding class as of the event date.
State Street reports no sole voting or dispositive power, with 1,942,370 shares subject to shared voting power and 2,049,285 shares subject to shared dispositive power. The filing states these securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Compass Minerals.
Positive
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Negative
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FAQ
What stake does State Street hold in Compass Minerals (CMP)?
State Street Corporation reports beneficial ownership of 2,049,285 Compass Minerals shares, representing 4.9% of the common stock. This ownership is disclosed on a passive Schedule 13G, indicating an institutional position rather than an attempt to influence corporate control.
Is State Street’s Compass Minerals (CMP) position considered passive?
Yes. State Street certifies the shares were acquired and are held in the ordinary course of business and not for changing or influencing control of Compass Minerals. This passive intent is consistent with filing on Schedule 13G rather than Schedule 13D.
Which State Street affiliates are tied to the Compass Minerals (CMP) holdings?
The filing identifies several investment adviser subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors entities in the U.S., Europe, and the U.K. These affiliates manage accounts that collectively hold the reported Compass Minerals shares under State Street’s parent-level filing.
Why does the Schedule 13G for Compass Minerals (CMP) mention ownership below 5%?
Item 5 states ownership of 5 percent or less of the class, while reporting 4.9%. This confirms State Street’s stake is below the 5% threshold that often triggers more extensive reporting, but still large enough to require this beneficial ownership disclosure.
Who signed the Compass Minerals (CMP) Schedule 13G on behalf of State Street?
The Schedule 13G is signed by Elizabeth Schaefer, identified as Senior Vice President and Chief Accounting Officer. Her signature certifies, after reasonable inquiry, that the information in the beneficial ownership statement is true, complete, and correct as of the stated date.