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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
FORM 8-K
 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 4, 2020
 
 
 
COMPASS DIVERSIFIED HOLDINGS
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
 
001-34927
 
57-6218917
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
 
 
COMPASS GROUP DIVERSIFIED HOLDINGS LLC
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
 
001-34926
 
20-3812051
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
301 Riverside Avenue, Second Floor, Westport, CT 06880
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (203221-1703
 
 
 
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbol(s)
 
Name of Each Exchange on Which Registered
Shares representing beneficial interests in Compass Diversified Holdings
 
CODI
 
New York Stock Exchange
Series A Preferred Shares representing Series A Trust Preferred Interest in Compass Diversified Holdings
 
CODI PR A
 
New York Stock Exchange
Series B Preferred Shares representing Series B Trust Preferred Interest in Compass Diversified Holdings
 
CODI PR B
 
New York Stock Exchange
Series C Preferred Shares representing Series C Trust Preferred Interest in Compass Diversified Holdings
 
CODI PR C
 
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
 
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





Section 7     Regulation FD
Item 7.01    Regulation FD Disclosure

Compass Group Diversified Holdings LLC (the “Company”), for itself and as sponsor of Compass Diversified Holdings (the “Trust”), announced today that it has commenced an underwritten public offering of approximately 5,000,000 shares of its common stock.
A copy of the press release announcing the public offering is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth in such filing. This Current Report on Form 8-K, including Exhibit 99.1, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any security.

Section 9     Financial Statements and Exhibits
Item 9.01    Financial Statements and Exhibits
(d)    Exhibits.

Exhibit Number
 
Description
 
 
 
 
 
 
99.1
 
 
 
 
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 4, 2020
COMPASS DIVERSIFIED HOLDINGS
 
 
 
 
By:
 
/s/ Ryan J. Faulkingham
 
 
 
 
 
 
Ryan J. Faulkingham
 
 
 
Regular Trustee
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 4, 2020
COMPASS GROUP DIVERSIFIED HOLDINGS LLC
 
 
 
 
By:
 
/s/ Ryan J. Faulkingham
 
 
 
 
 
 
Ryan J. Faulkingham
 
 
 
Chief Financial Officer



Exhibit


Exhibit 99.1

codilogof2a45.jpg

Investor Relations:
The IGB Group
Leon Berman
212-477-8438
lberman@igbir.com
 
Media Contact:
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner/ Julie Oakes/ Kate Thompson
212-355-4449


Compass Diversified Holdings Announces Common Share Offering

Westport, Conn., May 4, 2020 - Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), announced today that it has commenced a public offering of 5,000,000 common shares, with a 30-day option for the underwriters to purchase up to an additional 750,000 common shares. Net proceeds from the offering will be used to repay a portion of the outstanding balance of the Company’s revolving credit facility.

Morgan Stanley, BofA Securities, UBS Investment Bank and RBC Capital Markets are acting as joint book-running managers for this offering. A copy of the preliminary prospectus supplement relating to the offering may be obtained from the following addresses:
Morgan Stanley & Co. LLC
 
BofA Securities
180 Varick Street
 
NC1-004-03-43
New York, New York 10014
 
200 North College Street, 3rd Floor
Attn: Prospectus Department
 
Charlotte, NC 28255-0001
Email: prospectus@morganstanley.com
 
Attn: Prospectus Department
 
 
Email: dg.prospectus_requests@bofa.com
 
 
 
UBS Securities LLC
 
RBC Capital Markets, LLC
1285 Avenue of the Americas
 
200 Vesey Street
New York, New York 10019
 
New York, New York 10281
Attn: Prospectus Department
 
Attn: Transaction Management
Telephone: (888) 827-7275
 
Telephone: (866) 375-6829
Email: ol-prospectusrequest@ubs.com
 
Email: equityprospectus@rbccm.com

The offering will be made pursuant to an effective shelf registration statement and prospectus filed by CODI with the Securities and Exchange Commission (“SEC”). You may obtain these documents for free when they are available by visiting EDGAR on the SEC web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.





About Compass Diversified Holdings (“CODI”)
CODI owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market.

CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long-term cash flow generation and value. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and to make cash distributions to its shareholders.

Our nine majority-owned subsidiaries are engaged in the following lines of business:

The design and marketing of purpose-built technical apparel and gear serving a wide range of global customers (5.11);

The manufacture of quick-turn, small-run and production rigid printed circuit boards (Advanced Circuits);

The manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets (Arnold Magnetic Technologies);

The design and marketing of wearable baby carriers, strollers and related products (Ergobaby);

The design and manufacture of custom molded protective foam solutions and OE components (Foam Fabricators);

The design and manufacture of premium home and gun safes (Liberty Safe);

The design and manufacture of baseball and softball equipment and apparel (Marucci Sports);

The manufacture and marketing of portable food warming systems, creative indoor and outdoor lighting, and home fragrance solutions for the foodservice industry and consumer markets (Sterno); and

The design, manufacture and marketing of airguns, archery products, optics and related accessories (Velocity Outdoor).

This press release may contain certain forward-looking statements, including statements with regard to the use of proceeds of the offering. Words such as "believes," "expects," "projects," and "future," or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2019 and in the Form 10-Q filed by CODI with the SEC for the quarter ended March 31, 2020, as well as other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.




v3.20.1
Cover Document
May 04, 2020
Document Information [Line Items]  
Entity Central Index Key 0001345126
Written Communications false
Entity Small Business false
Entity Incorporation, State or Country Code DE
Local Phone Number 221-1703
Document Type 8-K
Entity Registrant Name COMPASS DIVERSIFIED HOLDINGS
Entity Address, Address Line One 301 Riverside Avenue
Entity Address, Address Line Two Second Floor
Entity Address, City or Town Westport
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06880
City Area Code 203
Entity File Number 001-34927
Entity Tax Identification Number 57-6218917
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Document Period End Date May 04, 2020
Amendment Flag false
Series B Preferred Shares Representing Series B Trust Preferred Interest In Compass Diversified Holdings [Member]  
Document Information [Line Items]  
Title of 12(b) Security Series B Preferred Shares representing Series B Trust Preferred Interest in Compass Diversified Holdings
Trading Symbol CODI PR B
Security Exchange Name NYSE
Series A Preferred Shares Representing Series A Trust Preferred Interest In Compass Diversified Holdings [Member]  
Document Information [Line Items]  
Title of 12(b) Security Series A Preferred Shares representing Series A Trust Preferred Interest in Compass Diversified Holdings
Trading Symbol CODI PR A
Security Exchange Name NYSE
Shares Representing Beneficial Interests In Compass Diversified Holdings [Member]  
Document Information [Line Items]  
Title of 12(b) Security Shares representing beneficial interests in Compass Diversified Holdings
Trading Symbol CODI
Security Exchange Name NYSE
Series C Preferred Shares Representing Series C Trust Preferred Interest In Compass Diversified Holdings [Member] [Domain]  
Document Information [Line Items]  
Title of 12(b) Security Series C Preferred Shares representing Series C Trust Preferred Interest in Compass Diversified Holdings
Trading Symbol CODI PR C
Security Exchange Name NYSE