Recent Updates — CODI
Compass Diversified Holdings reported third-quarter 2026 consolidated operating results, posting net income from continuing operations of $23.2 million compared to a loss of $86.7 million in the prior-year period. Subsidiary Adjusted EBITDA excluding divested assets rose 12.9% year-over-year to $89.7 million. The company also commenced consent solicitations for its outstanding 5.250% Senior Notes due 2029 and 5.000% Senior Notes due 2032, totaling approximately $1.3 billion in aggregate principal amount. Holders are being asked to approve proposed amendments to the indentures, including changes to covenants and the replacement of the trustee, with solicitations expiring on November 12, 2026. Compass Diversified Holdings is an owner of leading middle market businesses.
The Board of Directors approved the Fourth Amended and Restated Trust Agreement and the Seventh Amended and Restated Operating Agreement, both effective November 1, 2026. The amendments update provisions regarding shareholder meetings, director nominee interviews, notice requirements, and quorum thresholds, increasing the LLC meeting quorum from 35% to a majority of directors in office. These changes align governance structures with current regulatory standards and operational needs. Compass Diversified Holdings is a diversified holding company that acquires and manages middle-market businesses across various industries.
Compass Diversified Holdings declared quarterly cash distributions for its Series A, B, and C Preferred Shares covering the period from July 30 to October 30, 2026. The distribution is $0.453125 per share for Series A shares and $0.4921875 per share for both Series B and Series C shares. Payments are scheduled for October 30, 2026, to holders of record as of October 15, 2026. Compass Diversified Holdings is a business development company that owns and manages a diverse portfolio of middle-market businesses.
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.