Compass Diversified Holdings (NYSE: CODI) announced a distribution for its 7.250% Series A, 7.875% Series B, and 7.875% Series C Preferred Shares for the period covering April 30, 2024, to July 30, 2026. The distribution is payable on July 30, 2026, to holders of record as of July 15, 2026. Compass Diversified Holdings is a diversified holding company that manages a portfolio of businesses.

Compass Diversified Holdings entered into a Settlement Agreement and Plan Support Agreement with Lugano Diamonds & Jewelry Inc. and its related entities to resolve claims stemming from fraudulent actions by Lugano's former CEO. Under the settlement, the company will receive 34.79% of net proceeds from Lugano's inventory disposition, tax refunds, and insurance, as well as 45% of proceeds from a liquidation trust's pursuit of third-party claims and 25% of proceeds from other litigation claims. Compass Diversified Holdings is a diversified holding company.

Elias J. Sabo will retire as CEO, director, and regular trustee effective December 31, 2026. Zach Sawtelle, 41, will succeed him as CEO and regular trustee effective January 1, 2027. To facilitate the transition, Sawtelle was appointed Chief Operating Officer effective June 10, 2026. Sawtelle has been with the external manager, Compass Group Management, since 2009 and has served as its COO since 2025. The company will enter into an indemnification agreement with Sawtelle regarding prior business operations of the external manager. Compass Diversified Holdings is a diversified holding company that acquires and manages a portfolio of middle-market businesses.