Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 296

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 296
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 where the securities may be traded, in the over-the-counter market, in privately negotiated transactions, in transactions that are deemed to be “at the market offerings” as defined in Rule 415 under the Securities Act or through a combination of any such methods of sale. The Amended Common Sales Agreement amended and restated in its entirety the At Market Issuance Sales Agreement (collectively with the Amended Common Sales Agreement, the “Common Sales Agreement”), dated September 7, 2021, between the Company, B. Riley Securities and Goldman, which provided for the offer and sale of Trust common shares up to $ 500million under the terms substantially same as those under the Amended Common Sales Agreement.

During the year ended December 31, 2024, the Company sold 381,957Trust common shares under the Sales Agreement. For the same period, the Company received total net proceeds of approximately $ 8.4million from these sales, and incurred approximately $ 0.1million in commissions payable to the Sales Agents.

During the year ended December 31, 2023, there were no sales of Trust common shares under the Sales Agreement as the at-the-market program is not active when the share repurchase program is active.

During the year ended December 31, 2022, the Company sold 3,464,844Trust common shares under the Sales Agreement. For the same period, the Company received total net proceeds of approximately $ 84.0million from these sales, and incurred approximately $ 1.5million in commissions payable to the Sales Agents.

The Company incurred $ 0.6million in total expenses related to the ATM program during the year ended December 31, 2024 and $ 0.2million during both the years ended December 31, 2023 and 2022, respectively.

Please see " Note T – Subsequent Events ” for additional information concerning the Amended Common Sales Agreement.

Share Repurchase Program

On October 15, 2024, the Board approved a share repurchase program authorizing the Company to repurchase, through December 31, 2024, subject to extension by the Board, up to $ 100million of its outstanding common shares. The Company repurchased 416,320shares for approximately $ 9.7million during the year ended December 31, 2024. The share repurchase program expired on December 31, 2024.

In January 2023, the Board approved a share repurchase program