Stilwell Activist Fund holds a 9.0% stake in Catalyst Bancorp, representing 364,085 common shares. The position matters because the group describes its approach as activist, seeking to profit from appreciation in shares held by asserting Shareholder rights, while retaining the ability to reconsider its plans.

Key Highlights

  • Mark D. Alcott directly owns 1,000 Catalyst Bancorp shares, equal to 0.02% of the outstanding common stock.
  • Catalyst Bancorp common stock has a Par Value of $0.01 per share.
  • Any purchases or sales associated with the position were conducted in open-market transactions.

Catalyst Bancorp, Inc. (NASDAQ: CLST) has a 9.0% beneficial ownership position held by Stilwell Activist Fund, L.P. and related Stilwell entities. The group’s Schedule 13D identifies 364,085 common shares and presents the position as activist. The group says its purpose in taking activist positions is to seek profit from appreciation in shares held by asserting shareholder rights.

Stilwell’s 9.0% Position

Joseph Stilwell controls the affairs of the three Stilwell partnerships through his ownership and management of Stilwell Value LLC, which serves as their general partner. Mark D. Alcott separately directly owns 1,000 shares, representing 0.02% of Catalyst Bancorp’s common stock.

Open-Market Transactions

Any purchases or sales connected with the Catalyst Bancorp common stock position were made in open-market transactions. The security is common stock with a par value of $0.01 per share.

The aggregate 364,085-share holding is attributed across the Stilwell entities and Joseph Stilwell for beneficial-ownership purposes, while Alcott’s 1,000 shares are reported separately.

Plans Remain Reviewable

The Stilwell group says its members have no plans or proposals concerning the matters covered by the relevant Schedule 13D provisions. Members may review or reconsider their positions at any time and develop plans or proposals related to those matters.

The group also says its activist positions are intended to pursue gains from share-price appreciation through the exercise of shareholder rights. It says members or affiliates have taken activist positions in other publicly traded companies since 2000.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1849867/000092189526002340/primary_doc.xml