CompoSecure is spinning off Resolute Holdings Management to oversee capital allocation and operational practices.

From Nasdaq: 2024-12-30 22:26:47

CompoSecure Inc. (CMPO) announced plans to spin-off a new subsidiary named Resolute Holdings Management Inc. The spin-off will involve a Management Agreement with a quarterly management fee of 2.5% of CompoSecure’s Latest Twelve Months’ Adjusted EBITDA. Resolute Holdings will oversee capital allocation, operational practices, and M&A sourcing. The subsidiary will be led by David Cote as Executive Chairman and Tom Knott as CEO, with a diverse Board of Directors. Resolute Holdings is set to trade under the ticker “RHLD” on Nasdaq post-spin-off.



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