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8-K//Current report

Resolute Holdings Management, Inc. 8-K

Accession 0001104659-26-003021

$RHLDCIK 0002039497operating

Filed

Jan 12, 7:00 PM ET

Accepted

Jan 12, 10:00 PM ET

Size

442.6 KB

Accession

0001104659-26-003021

Research Summary

AI-generated summary of this filing

Updated

Resolute Holdings Management Announces Husky Deal, Debt Assumption

What Happened Resolute Holdings Management, Inc. (RHLD) filed an 8‑K on Jan. 13, 2026 disclosing several material items tied to the closing of its Husky transaction. An indirect subsidiary that will hold Husky’s business (Husky Holdings) entered a Management Agreement with RHLD under which RHLD will manage Husky’s day‑to‑day operations and strategy and receive a quarterly management fee. In connection with the closing, CompoSecure assumed Husky’s existing debt and began transactions to refinance that debt. Separately, on Jan. 9, 2026 RHLD’s audit committee dismissed Grant Thornton LLP and appointed Ernst & Young LLP as the company’s independent registered public accounting firm for fiscal 2026.

Key Details

  • Management Agreement: Husky Holdings will pay RHLD a quarterly cash management fee equal to 2.5% of Husky Holdings’ last 12 months’ Adjusted EBITDA (measured through the fiscal quarter end). The agreement has an initial 10‑year term and automatically renews for additional 10‑year terms unless terminated under its terms. RHLD may be reimbursed for documented costs and may receive termination fees (cash, CompoSecure stock, or both) in certain events.
  • Debt assumed by CompoSecure: (i) $1,723.8 million outstanding on Husky’s U.S. dollar term loan; (ii) $350.0 million drawn on Husky’s delayed draw term loan as of closing; (iii) $50.0 million outstanding under Husky’s multi‑currency revolver; and (iv) $1,000.0 million of 9.000% senior secured notes due 2029.
  • Refinancing and redemptions: CompoSecure commenced refinancing of the Existing Husky Credit Facilities and Notes, expected to close on Jan. 14, 2026. Husky issued conditional notices to partially and fully redeem the Existing Husky Notes on Jan. 13, 2026.
  • Auditor change: On Jan. 9, 2026 RHLD’s audit committee replaced Grant Thornton with Ernst & Young for the fiscal year ending Dec. 31, 2026. Grant Thornton’s prior audit report for 2024 was unqualified, and the firm reported no disagreements or reportable events through Jan. 12, 2026.

Why It Matters These items affect RHLD’s near‑term operations and financial profile. The Management Agreement creates an ongoing fee stream for RHLD tied to Husky’s Adjusted EBITDA and gives RHLD operational control of Husky’s business. The assumption and planned refinancing of roughly $3.1 billion of Husky debt (term loan, delayed draw, revolver and notes) are material to the capital structure of the combined businesses and are being actively restructured. The auditor change to EY is a governance event investors watch; the filing notes no audit disagreements with Grant Thornton. Together, these developments are central to integrating Husky and assessing RHLD/CompoSecure’s financial and operational outlook following the transaction.