Business Context and Reporting Period
This Form 8-K reports on the 2013 Annual Meeting of Shareholders held by Compass Diversified Holdings (the "Trust") and Compass Group Diversified Holdings LLC (the "Company") on May 29, 2013. The meeting took place at the Delamar Southport in Southport, Connecticut.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
Shareholders voted on three proposals. A total of 48,300,000 shares were entitled to vote, with 41,771,490 shares present, constituting a quorum.
- Proposal 1: Election of Directors
- Harold S. Edwards: Elected (24,401,220 For; 209,625 Withheld).
- Mark H. Lazarus: Elected (24,408,263 For; 202,582 Withheld).
- Both directors were elected to Class I terms ending at the 2016 Annual Meeting.
- Proposal 2: Advisory Vote on Executive Compensation ("Say-on-Pay")
- Approved by shareholders (23,150,727 For; 1,236,509 Against; 223,609 Abstain).
- Proposal 3: Ratification of Independent Auditor
- Grant Thornton LLP was ratified as the independent auditor for the fiscal year ending December 31, 2013 (41,400,804 For; 173,114 Against; 197,572 Abstain).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that Harold S. Edwards and Mark H. Lazarus were elected to the Board of Directors.
- Verification that the "Say-on-Pay" proposal received majority shareholder approval.
- Confirmation that Grant Thornton LLP was ratified as the independent auditor for the 2013 fiscal year.
- Review of the full Proxy Statement for details on executive compensation and director biographies referenced in the voting results.