Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 7

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 7
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 of December 31, 2024, 2023 and 2022, and for the fiscal years ended December 31, 2024, 2023, and 2022, as well as restated unaudited consolidated financial information for each of the interim periods included within the fiscal years ended December 31, 2024, 2023, and 2022 (collectively, the “Affected Periods”) to incorporate adjustments to reflect the impact of the events described below. This Form 10-K/A also amends certain other Items in the Original Filing, as listed under the heading “Amendment to Form 10-K” below. All material restatement information for the Affected Periods is included in this Form 10-K/A, and the Company does not intend to separately amend other filings it has previously filed with the SEC.

Accordingly, investors and other readers should rely only on the financial information and other disclosures regarding the periods described above in this Form 10-K/A and in any other future filings with the SEC (as applicable) and should not rely on any previously issued or filed reports, press releases, corporate presentations, or similar communications relating to the Affected Periods.

For a more detailed discussion of the correction of these misstatements, refer to Note C - Restatement of Previously Issued Consolidated Financial Statements and Note S - Unaudited Quarterly Financial Data , each included in the “Notes to the Consolidated Financial Statements” set forth in Part II, Item 8 “Financial Statements and Supplementary Data” of this Form 10-K/A.

### Restatement Background
As previously disclosed in a Current Report on Form 8-K filed with the SEC on May 7, 2025, in April 2025, the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company commenced an internal investigation into the financing, accounting, and inventory practices of Lugano Holding, Inc. (“Lugano”), a subsidiary and operating segment of the Company, based on concerns reported to Company management as to these practices (the “Lugano Investigation”). Upon being notified of the concerns, Company management immediately informed the Audit Committee, and the Audit Committee promptly retained outside legal counsel to assist in conducting the investigation. Outside legal counsel in turn retained a forensic accounting firm to provide technical accounting guidance and analysis in respect of the Lugano Investigation, including assistance with the review of the financial accounting related to Lugano's inventory (outside legal counsel and the forensic accounting firm, collectively,