Casa Systems, Inc.

Casa Systems, Inc. was previously a publicly traded company, with its common stock listed on the Nasdaq Global Select Market under the ticker “CASA” until the listing was removed effective 6 May 2024. As a Nasdaq-listed issuer, its shares were held by public investors and, consistent with reporting norms for listed companies, by institutional asset managers filing statements of beneficial ownership with the U.S. Securities and Exchange Commission.

On 3 April 2024, Casa Systems, Inc. and certain affiliates commenced Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. The Bankruptcy Court confirmed the company’s Third Amended Joint Plan of Liquidation on 5 June 2024, which became effective on 7 June 2024. Under that plan, all equity interests in Casa Systems, Inc., including all outstanding shares of common stock, equity awards and warrants, were cancelled, discharged and rendered of no further force or effect as of the effective date, and holders of those interests received no distribution on account of them.

Because all pre-existing equity interests were cancelled on 7 June 2024, Casa Systems, Inc. currently has no shareholders of record in respect of its formerly outstanding common stock. Any shareholder or institutional-holding data dated after that effective date does not represent a current equity interest in the company. No ultimate beneficial owner can be identified for the company in its present, post-liquidation state.

Data availability: not applicable following equity cancellation. Pre-cancellation ownership was that of a Nasdaq-listed public company with a dispersed shareholder base; complete beneficial-ownership records were not independently verified for this profile.

Casa Systems, Inc. operated with a conventional U.S. corporate board and executive officer team while listed on Nasdaq. Edward M. Durkin was appointed Chief Financial Officer effective 4 April 2022, succeeding Scott Bruckner, and served in that role during the company’s final years as a publicly traded issuer. Other individuals associated with the company in reported roles held functional job titles such as regional sales, human resources and marketing positions rather than statutory corporate officer appointments, and their current status with the company has not been independently confirmed.

On 3 April 2024, Casa Systems, Inc. filed for Chapter 11 protection, and on 7 June 2024 the Bankruptcy Court’s confirmed Third Amended Joint Plan of Liquidation took effect. Under that plan, the terms of all then-serving directors and officers of Casa Systems, Inc., including its principal executive officer and principal financial officer, expired on the effective date. In their place, the plan appointed a Plan Administrator, Gary Broadbent, to wind down the company’s remaining operations and liquidate its assets, and separately appointed a Preserved Actions Administrator, David Dunn, to pursue certain retained legal claims on the estate’s behalf. These are bankruptcy-plan administrative roles created by the confirmed plan rather than traditional corporate director or officer positions.

Nationality and country of residence are not disclosed for any individual named above. These are separate data points from any correspondence address that may appear in registry records and should not be inferred from a person’s name, address or job location.

Data availability: historical for the pre-2024 executive roster; current for the post-effective-date wind-down administrators, as disclosed in the company’s Bankruptcy Court filings and U.S. Securities and Exchange Commission Form 8-K.

Prior to its 2024 restructuring, Casa Systems, Inc.’s last disclosed group structure, as set out in the subsidiaries exhibit to its Form 10-K annual report, included wholly owned direct and indirect subsidiaries in the Netherlands (Casa Systems B.V.), France (Casa Systems SAS), Spain (Casa Communications Technology S.L.), Ireland (Casa Communications Limited), Canada (Casa Systems Canada Ltd.), Hong Kong (Casa Technologies Limited), mainland China (Guangzhou Casa Communications Ltd.), and Massachusetts and Delaware (Casa Systems Securities Corporation and Casa Properties LLC), together with an Australian sub-group headed by Casa Technologies Pty Ltd and Casa Communications Holdings Pty Ltd, under which sat the NetComm Wireless businesses in Australia, New Zealand, the United Kingdom, the United States and Germany.

This structure has since changed materially. The Australian NetComm Wireless business entered voluntary administration under Australian insolvency law on 11 March 2024 and was sold to DZS Inc., a separate Nasdaq-listed company, in a transaction completed on 1 June 2024; it is no longer part of the Casa Systems group. Separately, as part of Casa Systems, Inc.’s own U.S. Chapter 11 process commenced 3 April 2024, the company sold its cable access business to an affiliate of Vecima Networks Inc. and its 5G Mobile Core and RAN (Axyom) software business to Lumine Group. The Bankruptcy Court confirmed Casa Systems, Inc.’s Third Amended Joint Plan of Liquidation on 5 June 2024, effective 7 June 2024, placing the parent entity itself into wind-down.

Ownership percentages for the pre-2024 subsidiaries were not disclosed in the source filing beyond identifying them as wholly owned. No immediate or ultimate parent of Casa Systems, Inc. has been identified; the company was the top entity in its own group prior to liquidation.

Data availability: historical. The subsidiary list reflects the company’s last annual report before its 2024 Chapter 11 filing and asset disposals; the current composition of the group, if any, following the wind-down has not been independently reconfirmed.