Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 230

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 230
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, in all material respects, the financial position of the Company as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in the 2013 Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), and our report dated December 8 , 2025 expressed an adverse opinion.

### Restatement of previously issued financial statements
As discussed in Notes B and C, the 2024, 2023, and 2022 consolidated financial statements have been restated to correct misstatements.

#### Going Concern
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note B to the consolidated financial statements, the Company was not in compliance with its financial covenants under the 2022 Credit Facility as of December 31, 2024 and its prior forbearance agreements have expired. As such, the 2022 Credit Facility lenders may elect to exercise the remedies available to them, which could also extend to the senior note holders. The Company’s plan, which is also described in Note B, contemplates the Company negotiating an amendment to its existing 2022 Credit Facility which will include, among other things, amending the financial covenants required under the 2022 Credit Facility. If the Company is unable to obtain an amendment to the 2022 Credit Facility or obtain additional forbearances or waivers, the Company may not be able to refinance its debt obligations on acceptable terms and conditions. The Company’s ability to amend its financial covenants or obtain subsequent waivers or forbearances is uncertain and raises substantial doubt about its ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

#### Basis for opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required