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 3, 2023. The filing announces the declaration of quarterly cash distributions for the first quarter of 2023.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on distribution declarations.
- Common Share Distribution: $0.25 per share for Q1 2023.
- Preferred Share Distributions: Declared for 7.250% Series A, 7.875% Series B, and 7.875% Series C Preferred Shares.
- Preferred Distribution Period: January 30, 2023, through April 29, 2023.
Material Changes
The filing does not contain comparative financial data or discuss material changes in operating performance versus prior periods. It solely reports the scheduled payment of distributions.
Guidance, Outlook, and Payment Details
Management commentary is limited to the announcement of distribution dates and record dates. No forward-looking guidance or risk factors are detailed in this specific filing.
Common Shares
- Record Date: April 20, 2023.
- Payment Date: April 27, 2023.
Preferred Shares (Series A, B, and C)
- Record Date: April 15, 2023.
- Payment Date: April 30, 2023 (actual payment executed on May 1, 2023, the next business day).
Investor Verification Checklist
- Verify share ownership status as of the record dates (April 20 for common; April 15 for preferred).
- Confirm the exact payment receipt date, noting the May 1, 2023, adjustment for preferred shares.
- Review the attached press release (Exhibit 99.1) for any additional context on the distribution policy.