CODI Declares Monthly Cash Distributions for Common & Preferred Shares

Ticker: CODI-PC · Form: 8-K · Filed: Jan 17, 2024 · CIK: 1345126

Complexity: simple

Sentiment: bullish

Topics: dividends, distributions, shareholder-returns

TL;DR

**CODI declared monthly dividends for common and all preferred shares, showing consistent shareholder returns.**

AI Summary

On January 17, 2024, Compass Diversified Holdings (CODI) filed an 8-K to announce the declaration of monthly cash distributions for its common shares and three series of preferred shares. Common shareholders will receive $0.15 per share, Series A preferred shareholders will get $0.1953125 per share, Series B preferred shareholders $0.1614583 per share, and Series C preferred shareholders $0.1640625 per share. This matters to investors because it confirms the company's commitment to consistent shareholder returns through dividends, which can be a key factor for income-focused investors.

Why It Matters

This filing confirms Compass Diversified Holdings' ongoing commitment to returning capital to shareholders through regular dividends, which is crucial for income-seeking investors and signals financial stability.

Risk Assessment

Risk Level: low — This filing is a routine dividend declaration, indicating stable financial operations and low risk for investors.

Analyst Insight

An investor focused on income might view this as a positive signal, reinforcing the company's reliability in returning capital to shareholders, and could consider holding or adding to their position for dividend income.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of this 8-K filing by Compass Diversified Holdings?

The purpose of this 8-K filing is to report the declaration of monthly cash distributions for its common shares and three series of preferred shares, as per the 'Regulation FD Disclosure' item information.

What is the monthly cash distribution amount for Compass Diversified Holdings' common shares?

The monthly cash distribution amount for Compass Diversified Holdings' common shares is $0.15 per share.

How much will Series A Preferred Shareholders receive per share in monthly distributions?

Series A Preferred Shareholders will receive $0.1953125 per share in monthly distributions, as stated in the filing.

What are the monthly distribution amounts for Series B and Series C Preferred Shares?

The monthly distribution for Series B Preferred Shares is $0.1614583 per share, and for Series C Preferred Shares, it is $0.1640625 per share.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was January 17, 2024, which is the date the distributions were declared.

Filing Stats: 678 words · 3 min read · ~2 pages · Grade level 12.9 · Accepted 2024-01-17 08:24:58

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On Wednesday, January 17, 2024, the management of Compass Diversified Holdings (NYSE: CODI) and Compass Group Diversified Holdings LLC (collectively "CODI") will host their Investor Day in Newport Beach, California from 8:00AM - 2:15PM Pacific Standard Time. The event includes a presentation by the CODI management team and will showcase CODI's Lugano subsidiary. A copy of management's presentation is attached as Exhibit 99.1 hereto. The information contained under Item 7.01 in this Report, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Section 9 Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. 99.1 CODI Investor Presentation - January 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 17, 2024 COMPASS DIVERSIFIED HOLDINGS By: /s/ Ryan J. Faulkingham Ryan J. Faulkingham Regular Trustee

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 17, 2024 COMPASS GROUP DIVERSIFIED HOLDINGS LLC By: /s/ Ryan J. Faulkingham Ryan J. Faulkingham Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing