Company: CODI-PB
Filing Date: 2025-04-14
Form Type: DEF 14A
Source: 0001140361-25-013771
Chunk: 36

Company: Compass Diversified Holdings
Filing Date: 2025-04-14
Form: DEF 14A
Chunk 36
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 million, respectively, of which were paid directly by the Company. Pursuant to the Management Services Agreement, the Company reimbursed the Manager for approximately $8.8 million, $6.4 million, and $6.5 million, principally for occupancy and staffing costs incurred by the Manager on behalf of the Company, during the years ended December 31, 2024, 2023 and 2022, respectively. Waivers Under Management Services Agreement At December 31, 2023, our Manager entered into a waiver to exclude cash balances held at the Company from the calculation of the management fee, which resulted in a lower management fee being due and owing by the Company. During 2022, our Manager entered into a waiver for a portion of its management fee for the period through June 30, 2023 to receive a 1% annual management fee related to PrimaLoft, rather than the 2% called for under the Management Services Agreement, which resulted in a lower management fee at each of June 30, 2023, March 31, 2023, December 31, 2022 and September 30, 2022, respectively, than would normally have been due. At each of June 30, 2022 and March 31, 2022, our Manager also entered into a waiver to exclude cash balances held at the Company from the calculation of the management fee. Offsetting Management Services Agreements Our Manager has entered into offsetting management services agreements with each of our subsidiaries and may, at any time in the future, enter into offsetting management services agreements directly with the businesses that we own

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relating to the performance by our Manager of offsetting management services for such businesses. All fees, if any, paid by our subsidiaries to our Manager pursuant to an offsetting management services agreement during any fiscal quarter offset, on a dollar-for-dollar basis, the management fee otherwise due and payable from the Company to our Manager under the Management Services Agreement for such fiscal quarter. Offsetting management fees paid by our subsidiaries were approximately $6.8 million, $6.0 million, and $5.5 million, during fiscal years 2024, 2023 and 2022, respectively. Limited Liability Company Agreement The Company has two types of equity interests: trust interests and allocation interests. The Trust is the sole owner of 100% of the trust interests of the Company. Pursuant to