Company: CODI-PB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001140361-25-013771
Chunk: 57

Company: Compass Diversified Holdings
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 57
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 pertaining to legal compliance or audits of the Company, the Manager or its affiliates, within 10 days of receiving notice of any such failure to follow such directive; (e) Mr. Keller’s conviction of, or plea of nolo contendereto, a crime which in the reasonable discretion of the Manager or the Board of the Company, materially and adversely affects or, would reasonably be expected to materially and adversely affect, the reputation of the Company, the Manager or any of its affiliates or Mr. Keller’s ability to perform the services required under the employment agreement; or (f) the commission of an act of fraud, embezzlement, or misappropriation by Mr. Keller with respect to his relations with the Company, the Manager or any of their respective employees, customers, agents, or representatives. “Good reason” is defined in Mr. Keller’s employment agreement to mean: (a) a breach by the Manager of any of the material provisions of the employment agreement that is not remedied after notice and an opportunity to cure; or (b) the relocation without Mr. Keller’s consent of his principal place of employment more than sixty (60) miles from the Manager’s Westport, Connecticut or Costa Mesa, California locations. Employment Agreement with Ryan J. Faulkingham. In accordance with Mr. Faulkingham’s employment agreement, following his termination of employment on August 30, 2024, he received $1.075 million of cash severance in a lump sum forty-five days following his termination. Mr. Faulkingham performed transition services for the sixty-day period following his termination date and received a lump sum payment of $300,000 in exchange for such services, plus continuation of his healthcare benefits during such period. Mr. Faulkingham will also continue to be reimbursed for continued healthcare benefits for him and his dependents up and until the earlier of December 31, 2025, or the date he is eligible to receive such benefits from a subsequent employer. CEO Pay Ratio Our Chief Executive Officer and Chief Financial Officer are employees of our Manager and have been seconded to us to perform services on our behalf, as more fully described in the Management Services Agreement between the Company and our Manager. The Company does not compensate our Chief Executive Officer for the services that he provides to the Company as Chief Executive Officer. Rather, a management fee is paid to our Manager quarterly in respect of the services it performs for the Company pursuant to the Management Services Agreement and the Manager allocates a portion of such management fee to cover the