At Insider Monkey, we closely monitor the moves made by activist investors. Their targets are often undervalued stocks with firm foundations that for one reason or another have failed to execute. At times, all it takes is a fresh outlook and a slight tweak to completely alter the makeup and efficiency of a company, and activists can provide this. They also shine a spotlight on shareholder value creation, which can be neglected by entrenched management who often have their priorities elsewhere. Below and on the following pages we have embedded the latest 13D activist filing related to RTI Surgical Inc (NASDAQ:RTIX), which was recently submitted by Krensavage Asset Management, which shows that the investment firm is attempting to do just that, nominating four directors for the company’s board in a letter sent to the company on February 19. The filing also reveals that the firm has purchased about 350,000 shares of the company this year, pushing its ownership up to 3.45 million shares.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| KRENSAVAGE PARTNERS | 2,925,170 | 0 | 2,925,170 | 0 | 2,925,170 | 5.1% |
| KRENSAVAGE ADVISORS | 2,925,170 | 0 | 2,925,170 | 0 | 2,925,170 | 5.1% |
| KRENSAVAGE PARTNERS TOO | 521,920 | 0 | 521,920 | 0 | 521,920 | Less than 1% |
| KRENSAVAGE ADVISORS TOO | 521,920 | 0 | 521,920 | 0 | 521,920 | Less than 1% |
| KRENSAVAGE ASSET MANAGEMENT | 3,447,090 | 0 | 3,447,090 | 0 | 3,447,090 | 6.0% |
| MICHAEL P. KRENSAVAGE | 3,447,090 | 3,447,090 | 3,447,090 | 6.0% | ||
| JEFFREY D. GOLDBERG | 0 | 0 | 0 | 0% | ||
| MARK D. STO | 0 | 0 | 0 | 0% | ||
| JOHN S. WATTS JR | 0 | 0 | 0 | 0% | ||
| FRANK R. WILLIAMS JR | 0 | 0 | 0 | 0% |
Page 1 of 21 SEC Filing
(Name, Address and Telephone Number of Person
