Resolute Holdings Management, Inc. (NYSE: RHLD)

Resolute Holdings Management, Inc. was originally formed as a Delaware corporation on September 27 2024 and was later redomiciled to the State of Nevada on March 2 2026. The company is organized to provide operating management services to GPGI Holdings and Husky Holdings and to any other companies it may manage in the future. Its primary objective is to generate recurring long duration management fees through these management relationships. Resolute Holdings applies a differentiated approach of value creation by systematically deploying the Resolute Operating System to drive performance at the businesses it manages. It seeks to create value not only at the underlying managed businesses but also at Resolute Holdings itself. The firm also leverages its mergers and acquisitions expertise and capital markets knowledge to pursue inorganic growth of its managed companies. GPGI formerly known as CompoSecure operates as a permanent capital platform designed to acquire own and scale high quality businesses that hold great positions in good industries. The Resolute Holdings and GPGI structure is intended to remove the constraints found in traditional corporate structures thereby attracting skilled operators to lead each operating business. Leaders of the managed businesses benefit from the support and experience of Resolute Holdings allowing them to concentrate on day to day operations.

Revenue is generated principally from quarterly management fees paid by GPGI Holdings and Husky Holdings under separate management agreements. Each management fee equals 2.5 percent of the managed entity's last twelve months Adjusted EBITDA as defined in the respective agreement. The Adjusted EBITDA measure excludes interest taxes depreciation depletion amortization extraordinary losses one time non recurring expenses and the management fee itself. It also subtracts the GPGI allocated selling general and administrative expenses adjusted for the same items referred to as Parent Allocated Expense. The calculation of Management Agreement Adjusted EBITDA for GPGI Holdings is performed without duplication of Husky Holdings Adjusted EBITDA and its share of Parent Allocated Expense. Likewise the Husky Management Fee is calculated without duplication of GPGI Holdings Adjusted EBITDA and its share of Parent Allocated Expense. In addition to the fees Resolute Holdings receives reimbursement for documented costs and expenses incurred on behalf of the managed entities other than those related to its own or its affiliates personnel who provide services under the agreements. Resolute Holdings retains sole discretion to decide whether a particular cost or expense will be borne by it or by the managed company. The management agreements have an initial term of ten years and automatically renew for successive ten year periods unless terminated in accordance with their terms. Either party may terminate the agreements upon the occurrence of certain limited events and in some cases Resolute Holdings may require a termination fee payable in cash shares of GPGI or a combination thereof. Under ASC 810 Resolute Holdings is deemed the primary beneficiary of GPGI Holdings as a variable interest entity and therefore consolidates GPGI Holdings in its financial statements. The Husky Transaction completed on January 12 2026 resulted in Husky Holdings becoming a wholly owned subsidiary of GPGI Holdings but the management fee arrangement remained unchanged.

Resolute Holdings operates within the business management services industry where it provides specialized operating management to portfolio companies that are part of a permanent capital platform. Its competitive advantage stems from the proprietary Resolute Operating System which integrates operational best practices advanced materials science and proprietary manufacturing know how to improve performance at the businesses it manages. The company also benefits from its deep expertise in mergers and acquisitions and capital markets which enables it to identify and execute inorganic growth opportunities for its managed companies. By structuring its relationship with GPGI to eliminate the constraints of traditional corporate ownership Resolute Holdings attracts experienced operators who can focus exclusively on running the underlying businesses. This alignment of interests creates a synergistic environment where the managed businesses can achieve higher operational efficiency and the management company can earn stable fee based revenue. The permanent capital platform model exemplified by GPGI allows for long term ownership of high quality businesses without the pressure of periodic fund cycles. Resolute Holdings positions itself as a value creator that seeks to enhance both the profitability of its managed businesses and the sustainability of its own fee stream. In the metal payment card sector CompoSecure holds a leading global position and in the injection molding equipment sector Husky Holdings maintains a leading global market share. These market leading platforms provide Resolute Holdings with stable and predictable sources of management fee income.

The company's customers are GPGI Holdings and Husky Holdings which are wholly owned subsidiaries of GPGI. GPGI Holdings consists of two distinct operating businesses CompoSecure and Husky Holdings. CompoSecure founded in 2000 and headquartered in Somerset New Jersey is recognized as the global leader in the design and manufacturing of premium metal payment cards and secure authentication solutions. It pioneered the use of metal in payment cards dating back to 2003 and combines industry leading innovation advanced materials science and proprietary manufacturing processes to deliver highly differentiated products to its customers. CompoSecure’s metal payment cards integrate a metal core with EMV chips magnetic stripes and contactless payment technology while meeting stringent certification requirements from global payment networks. The cards provide a distinctive weight a premium aesthetic and enhanced durability for consumers while allowing issuer customers to attract higher value consumers reduce cardholder churn and unlock higher customer spend relative to traditional plastic cards. Husky Holdings founded in 1953 and headquartered in Bolton Ontario is the leading global manufacturer of highly engineered injection molding equipment and aftermarket tooling and services. Husky focuses on developing technical precision technologies that are essential for the production of food beverages medical devices general packaging closures thinwall packaging and consumer products. It delivers its integrated capabilities through a combination of systems tooling and aftermarket parts and services to create value for customers throughout the entire lifecycle of its solutions. As of February 1 2026 the combined workforce of the managed businesses included approximately 971 full time employees and 6 part time employees at CompoSecure and 4 556 full time employees and 80 part time employees at Husky. Resolute Holdings itself maintained a small corporate team of seven full time employees at that date. The company does not hold any equity interest in GPGI Holdings or Husky Holdings and derives its income solely from the management fees and reimbursements described in the revenue section.