Business Context and Reporting Period
This Form 8-K Current Report was filed by Compass Diversified Holdings (NYSE: CODI) and Compass Group Diversified Holdings LLC on July 5, 2023. The filing announces the declaration of quarterly cash distributions for the second quarter of 2023.
Key Financial Metrics
The filing details specific distribution amounts but does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics for the period.
- Common Share Distribution: $0.25 per share for Q2 2023.
- Preferred Share Distributions: Declared for 7.250% Series A, 7.875% Series B, and 7.875% Series C Preferred Shares.
- Preferred Distribution Period: April 30, 2023, to July 30, 2023.
Material Changes
The filing does not disclose material changes in financial performance, debt levels, or liquidity compared to prior periods. It solely reports the routine declaration of quarterly distributions.
Guidance, Outlook, and Payment Schedule
Management commentary is limited to the distribution announcement. No forward-looking guidance or risk factors are detailed in this specific filing.
Payment Schedule
- Common Shares:
- Record Date: July 20, 2023
- Payment Date: July 27, 2023
- Preferred Shares (Series A, B, and C):
- Record Date: July 15, 2023
- Payment Date: July 30, 2023 (Actual payment on July 31, 2023, the next business day)
Investor Verification Checklist
- Verify the record date for common shares (July 20, 2023) to ensure eligibility for the $0.25 distribution.
- Confirm the record date for preferred shares (July 15, 2023) for Series A, B, and C holders.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the distribution policy.
- Note that this filing does not contain Q2 2023 earnings results; investors should refer to the upcoming 10-Q for financial performance data.