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 April 4, 2024. The filing announces the declaration of quarterly cash distributions for the first quarter of 2024.
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.
- Series A Preferred Shares (7.250%): Distribution declared for the period January 30, 2024, to April 30, 2024.
- Series B Preferred Shares (7.875%): Distribution declared for the period January 30, 2024, to April 30, 2024.
- Series C Preferred Shares (7.875%): Distribution declared for the period January 30, 2024, to April 30, 2024.
Material Changes
The filing does not report material changes in financial performance, operations, or capital structure compared to prior periods. It solely serves to notify shareholders of the upcoming distribution payments.
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 the payment schedule for declared distributions.
Important Facts for Investors
- Common Share Record Date: April 18, 2024 (close of business).
- Common Share Payment Date: April 25, 2024.
- Preferred Share Record Date: April 15, 2024.
- Preferred Share Payment Date: April 30, 2024.
- Preferred Share Coverage Period: January 30, 2024, through April 29, 2024.
- Verification: Investors should verify their share ownership status by the respective record dates to ensure eligibility for the distributions.