CMPO Schedule 13D/A: Resolute/Tungsten Group Reports 44–46% Ownership
Rhea-AI Filing Summary
Amendment No. 3 to a Schedule 13D filed for CompoSecure, Inc. (CMPO) updates beneficial ownership amounts solely due to a change in the number of Class A shares outstanding. The reporting persons—Resolute Compo Holdings LLC, Tungsten 2024 LLC, Thomas R. Knott and John D. Cote—collectively report shared voting and dispositive power over significant stakes. Resolute Compo Holdings holds 49,290,409 Class A shares (44.3% of the class). Tungsten 2024 LLC and Thomas R. Knott report beneficial ownership of 49,937,302 shares (44.8%). John D. Cote reports 51,437,302 shares (46.2%), which includes 1,500,000 shares held by Ridge Valley LLC. The amendment states it was filed only because of a change in the aggregate shares outstanding and not due to any transaction by the reporting persons.
Positive
- Transparent update of beneficial ownership percentages explicitly tied to a change in outstanding shares, not new transactions
- Detailed ownership breakdown across entities and individuals clarifies control relationships (Tungsten, Resolute Compo Holdings, Knott, Cote)
Negative
- High concentration of Class A voting/dispositive power held by related parties (reported between 44.3% and 46.2%) which may raise governance concentration concerns
Insights
TL;DR: Reporting group holds a near-controlling combined stake (44–46%) and amended ownership percentages reflect updated share count only.
The filing clarifies beneficial ownership across related entities and individuals, attributing shared voting and dispositive power to Tungsten 2024 LLC, Resolute Compo Holdings LLC, Thomas R. Knott and John D. Cote. Key metrics are the reported share counts and percentages—49.29M (44.3%), 49.94M (44.8%) and 51.44M (46.2%)—calculated using 111,388,134 Class A shares outstanding as of August 22, 2025. No new transactions, agreements or changes to source of funds are disclosed within this amendment; it solely updates ownership percentages based on the changed share base.
TL;DR: The amendment is administrative: ownership allocations among related parties are restated without any new actions.
The statement highlights control relationships—Tungsten as managing member of Resolute Compo Holdings and consultation rights for Mr. Knott—which explain why multiple parties may be deemed to share beneficial ownership. The filing does not report litigation, changes in business purpose, or new source-of-funds events. For governance review, the important disclosure is the concentration of economic and voting power among connected parties and the precise share counts used to compute percentages.