Business Context and Reporting Period
This Form 8-K is a current report filed by Compass Diversified Holdings (NYSE: CODI) and Compass Group Diversified Holdings LLC on January 4, 2024. The filing announces the declaration of quarterly cash distributions for the fourth quarter of 2023.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to dividend distributions:
- Common Shares: Cash distribution of $0.25 per share for Q4 2023.
- Series A Preferred Shares (7.250%): Distribution declared for the period October 30, 2023, to January 30, 2024.
- Series B Preferred Shares (7.875%): Distribution declared for the period October 30, 2023, to January 30, 2024.
- Series C Preferred Shares (7.875%): Distribution declared for the period October 30, 2023, to January 30, 2024.
Material Changes
The filing does not disclose material changes in financial performance, operations, or capital structure compared to prior periods. It solely reports the routine declaration of scheduled distributions.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a procedural announcement regarding payment dates and record dates for the declared distributions.
Investor Verification Checklist
- Verify the record date for common shares is January 18, 2024, and the payment date is January 25, 2024.
- Verify the record date for Series A, B, and C Preferred Shares is January 15, 2024, and the payment date is January 30, 2024.
- Confirm the distribution amount for common shares is $0.25 per share.
- Note that specific dollar amounts for preferred share distributions are not listed in this text; investors should refer to the attached press release (Exhibit 99.1) for exact preferred dividend calculations.