Compass Diversified Holdings Announces Board Changes
Ticker: CODI-PC · Form: 8-K · Filed: Sep 17, 2024 · CIK: 1345126
Sentiment: neutral
Topics: corporate-governance, board-of-directors, executive-compensation
Related Tickers: CODI
TL;DR
Board shakeup at CODI, new directors elected, exec comp updated.
AI Summary
Compass Diversified Holdings announced on September 12, 2024, a change in its board of directors, including the election of new directors and updates to executive compensation arrangements. The filing also includes financial statements and exhibits related to these corporate governance changes.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and does not indicate significant financial distress or operational disruption.
Key Players & Entities
- Compass Diversified Holdings (company) — Filer
- 0001345126-24-000052 (filing_id) — Accession Number
- 20240917 (date) — Filing Date
- 20240912 (date) — Period of Report
- 301 Riverside Avenue, Westport, CT 06880 (address) — Company Business Address
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and departure of directors, but specific names of departing or newly elected directors are not detailed in this summary section.
What are the key details regarding the compensatory arrangements of certain officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specific details of these arrangements are not provided in the summary.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted on September 17, 2024.
What is the primary business of Compass Diversified Holdings?
Compass Diversified Holdings is primarily involved in Household Furniture (SIC 2510).
Are there any financial statements included with this filing?
Yes, the filing indicates that Financial Statements and Exhibits are included.
Filing Stats: 985 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-09-17 08:23:38
Key Financial Figures
- $500,000.00 — eive (i) Five Hundred Thousand Dollars ($500,000.00), which equals twelve (12) months' sala
- $575,000.00 — Hundred Seventy Five Thousand Dollars ($575,000.00), which equals the discretionary bonus
- $300,000.00 — ensated Three Hundred Thousand Dollars ($300,000.00). Mr. Faulkingham has also agreed, subj
Filing Documents
- codi-20240912.htm (8-K) — 45KB
- exhibit101-separationandre.htm (EX-10.1) — 70KB
- 0001345126-24-000052.txt ( ) — 328KB
- codi-20240912.xsd (EX-101.SCH) — 5KB
- codi-20240912_def.xml (EX-101.DEF) — 19KB
- codi-20240912_lab.xml (EX-101.LAB) — 36KB
- codi-20240912_pre.xml (EX-101.PRE) — 19KB
- codi-20240912_htm.xml (XML) — 6KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 10.1 Separation Agreement and General Release, dated September 12, 2024, between the Manager and Ryan Faulkingham.* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Schedules and similar attachments have been omitted in reliance on Instruction 4 of Item 1.01 of Form 8-K and Item 601(a)(5) of Regulation S-K. The registrant will provide, on a supplemental basis, a copy of any omitted schedule or attachment to the SEC or its staff upon request.
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: September 17, 2024 COMPASS DIVERSIFIED HOLDINGS By: /s/ Stephen Keller Stephen Keller 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: September 17, 2024 COMPASS GROUP DIVERSIFIED HOLDINGS LLC By: /s/ Stephen Keller Stephen Keller Chief Financial Officer