Company: CODI-PB
Filing Date: 2025-11-17
Form Type: 8-K
Source: 0001345126-25-000068
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Company: Compass Diversified Holdings
Filing Date: 2025-11-17
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events

Lugano Holding, Inc. (“Lugano”), a Delaware corporation and a subsidiary of Compass Group Diversified Holdings LLC (the “ Company” and, together with Compass Diversified Holdings, “CODI”), has advised the Company that Lugano and certain of its subsidiaries filed for protection under Chapter 11 of the Bankruptcy Code (the “Lugano Bankruptcy”) in the United States Bankruptcy Court for the District of Delaware on November 17, 2025. At the request of Lugano, and subject to Bankruptcy Court approval, the Company will enter into a credit agreement with Lugano and certain of its subsidiaries to provide debtor-in-possession financing to Lugano, under Section 364 of the Bankruptcy Code, in an amount not to exceed $12,000,000 (inclusive of any “roll up” of prepetition indebtedness owing by Lugano to the Company) (the “ Lugano DIP Loan”).

A copy of the press release announcing the Lugano Bankruptcy and Lugano DIP Loan is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation expectations as to the timing and outcome of the investigation of the Audit Committee of the Company’s Board of Directors, the willingness of the Company’s lenders to provide future relief and/or waivers, the future of Lugano (including the result of its bankruptcy filing) and the lenders’ support thereof, the timing of filing periodic reports and restatements, the amount of any potential misstatements associated with Lugano and the impact any such misstatements may have on CODI’s previously issued financial statements or results of operations, CODI’s beliefs and expectations relating to the anticipated financial and other impacts of internal control failures, and the items subject to investigation and restatement review, and the impacts of any material weaknesses identified and CODI’s remediation efforts and efforts to prepare financial statements. Such forward looking statements may be identified by, among other things, the use of forward-looking terminology such as “believe,” “expect,” “may,” “could,” “would,” “plan,” “intend,” “estimate,” “predict,” “potential,” “