Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 240

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 240
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 were determined to be a direct result of the Lugano’s former chief executive officer’s misconduct, which entailed a scheme that included the CEO’s repeated circumvention and override of internal controls implemented by CODI, creation of false shipping documents and invoices, and fabricated correspondence, and collusion with third-party providers.

Management identified misstatements that the Company deemed to be material resulting from the matters identified in the Lugano Investigation. The Lugano Investigation also led management to identify material misstatements in Lugano’s financial statements prior to the Company’s acquisition of Lugano on September 3, 2021 that affected the Company’s original purchase price allocation for Lugano and the Company’s results of operations in the fiscal year ended December 31, 2021.

<div align='center'>F-14</div>

### COMPASS DIVERSIFIED HOLDINGS

### NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company has restated its consolidated financial statements as of December 31, 2024, 2023 and 2022 and for the years ended December 31, 2024, 2023 and 2022 for the correction of historical financial information related to Lugano and the effect the misstatements had on other financial information as presented below. Please see Note C - Restatement of Previously Issued Consolidated Financial Statements in these Notes to the Consolidated Financial Statements. The Company has also updated all accompanying footnotes and disclosures affected by the restatement within Note F - Revenue , Note G - Inventory and Property , Plant and Equipment, Note H - Goodwill and Intangible Assets , Note I - Debt , Note K - Stockholders' Equity , Note L - Income Taxes , Note M- Fair Value Measurements , Note N - Noncontrolling Interest , Note O - Supplemental Data , Note P - Commitments and Contingencies , Note Q- Related Party Transactions and Note R - Operating Segment Data . Additionally, the Company has updated Schedule II - Valuation and Qualifying Accounts to reflect the effect of the restatements.

Additionally, the "As Reported" Consolidated Balance Sheet for the year ended December 31, 2022 in “ Note C - Restatement of Previously Issued Consolidated Financial Statements ” included in this Form 10-K/A has been recast to reflect the effect of the sale of EBP Lifestyle Brands Holdings, Inc. during the fourth quarter of 2024.

Going Concern

As of the date of the filing of this Form 10-K/A, the Company is not in compliance with