secwatch.observer — SEC 8-K summary
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Issuer:     GPGI, Inc. (GPGI)
CIK:        0001823144
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001104659-24-087541
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resolute led by David Cote acquires majority of CompoSecure; new $330M credit facility
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- Resolute (David Cote, Tom Knott) buys 49,290,409 Class A shares from LLR, Logan, and Wilk LLC, gaining majority control.
- Board expands to 11; David Cote named Chairman (Class III, term to 2027), Tom Knott Class II (term to 2026).
- Mitchell Hollin and Michele Logan resign from board effective upon closing.
- New $330M credit facility: $200M term loan, $130M revolver, matures Aug 2029, with $100M accordion each.
- TRA Amendment waives accelerated payments upon this change of control and raises discount rate for future early termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823144/000110465924087541/0001104659-24-087541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823144/000110465924087541/tm2419908d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087541

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer