#United States #Costa Mesa #Fair Fund #SEC Settlement #Compass Minerals

Significant Developments in Compass Minerals International, Inc. Settlement

In a landmark decision, the United States Securities and Exchange Commission (SEC) has reached a settlement with Compass Minerals International, Inc., which has substantial implications for investors who acquired its common stock. The SEC’s findings centered around serious discrepancies between what the company reported and its actual business operations during a critical period from March 2, 2017, to October 22, 2018. This report will delve into the details of the settlement, the implications for shareholders, and essential information on how affected individuals can file claims for compensation.

Background of the Case

The SEC's examination revealed that Compass Minerals provided investors with misleading information regarding its operational strategies aimed at cutting costs and the actual production levels at its Goderich salt mine in Canada. These misrepresentations violate important securities regulations and resulted in the company facing a civil penalty totaling $12 million. The SEC concluded that such actions breached both the Securities Act and the Securities Exchange Act, mandating that a portion of this penalty be used to form a Fair Fund intended to compensate harmed investors.

Fair Fund Distribution Plan

The Fair Fund, established under the Sarbanes-Oxley Act of 2002, will serve to distribute the collected penalties to those affected. According to the SEC’s order, a carefully structured Plan of Distribution will determine how the funds will be allocated to eligible claimants. Here’s what potential claimants need to know about the eligibility criteria and claims process:

Who Is Eligible?

To qualify for a payment from the Fair Fund, claimants must meet certain conditions:

• - Purchase Period: Investors who bought shares of Compass common stock during the specified timeline—March 2, 2017, to October 22, 2018.
• - Recognized Loss: Transactions must have incurred at least $10.00 in Recognized Loss as defined in the Plan.
• - Exclusion Status: Claimants must not be categorized as an Excluded Party under the guidelines of the Plan.
• - Claim Submission: A valid Claim Form must be submitted by the deadlines set forth in the Plan.

How to Submit a Claim

For those looking to receive compensation, the best method for submitting a claim is via the official Compass Fair Fund website, www.CompassMineralsFairFund.com. Here, individuals can fill out and submit their Claim Forms online before the deadline of June 27, 2025. For those unable to complete the process online, alternative options are available. Paper Claim Forms can be requested directly from the Fund Administrator via email or phone. It is critical to ensure that all forms are completed accurately and mailed to the provided address, as postmarked or received deadlines also fall on June 27, 2025.

After the submission of claims, the Fund Administrator will evaluate each Claim Form and provide a notice detailing the eligibility and Recognized Loss calculations for those who submitted their claims on time. Claimants will also have the opportunity to dispute the Administrator's calculations if necessary, ensuring every investor’s concerns are addressed.

Conclusion

This settlement marks a significant milestone in advocating for investor rights and serves as a reminder for corporations to maintain transparency and compliance with regulations. As the process unfolds, eligible shareholders of Compass Minerals International, Inc. should not miss the opportunity to file their claims and seek redress for any financial harm incurred. For comprehensive details, requirements, and assistance with completing Claim Forms, potential claimants are encouraged to visit the Compass Fair Fund website or contact the Fund Administrator directly.