Compass Diversified Announces the Passing of Director D. Eugene Ewing
14 Januar 2022 - 2:30PM
Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an
owner of leading middle market businesses, today announced with
great sadness that D. Eugene Ewing, a valued member of the CODI
Board of Directors, passed away on January 9, 2022. Mr. Ewing
served as a director of the Company since April 2006, as Chairman
of the Company’s Audit Committee from April 2006 through October
2021, and as Independent Lead Director from July 2019 through
October of 2021. Mr. Ewing’s seat on the Company’s Board of
Directors will not be filled at this time.
C. Sean Day, Chairman of CODI, said, “We are
deeply saddened by the loss of our longtime friend and fellow board
member, Gene Ewing. For over 15 years, Gene actively contributed to
the evolution of CODI’s business and our success, acting as a
guiding force in the Company’s development and growth. Gene was
involved, engaged and focused on every facet of what makes CODI a
success. We were very fortunate to have a leader as charismatic,
committed and inspiring as Gene serve on our Board and support our
entire leadership team. He will be greatly missed by his friends
and colleagues on the Board and throughout the Company. On behalf
of the full Board and CODI team, I express my deepest condolences
to the entire Ewing family.”
About Compass Diversified
(“CODI”)
CODI owns and manages a diverse set of highly
defensible North American middle market businesses. Each of its
current subsidiaries is a leader in its niche market.
Leveraging its permanent capital base, long-term
disciplined approach and actionable expertise, CODI maintains
controlling ownership interests in each of its subsidiaries,
maximizing its ability to impact long-term cash flow generation and
value creation. CODI provides both debt and equity capital for its
subsidiaries, contributing to their financial and operating
flexibility. CODI utilizes the cash flows generated by its
subsidiaries to invest in its long-term growth and has consistently
generated strong returns through its culture of transparency,
alignment and accountability.
Our ten majority-owned subsidiaries are engaged in the following
lines of business:
- The design and marketing of purpose-built technical apparel and
gear serving a wide range of global customers
(5.11);
- The manufacture of quick-turn, small-run and production rigid
printed circuit boards (Advanced Circuits);
- The design and manufacture of custom packaging, insulation and
componentry (Altor Solutions);
- The manufacture of engineered magnetic solutions for a wide
range of specialty applications and end-markets (Arnold
Magnetic Technologies);
- The design, engineering and marketing of dial based fit systems
delivering a scientifically proven performance advantage for
athletes (BOA Technology);
- The design and marketing of wearable baby carriers, strollers
and related products (Ergobaby)
- The design, manufacture, and marketing of high-end,
one-of-a-kind jewelry (Lugano Diamonds);
- The design and manufacture of baseball and softball equipment
and apparel (Marucci Sports);
- The manufacture and marketing of portable food warming systems
used in the foodservice industry, creative indoor and outdoor
lighting, and home fragrance solutions for the consumer markets
(Sterno); and
- The design, manufacture and marketing of airguns, archery
products, optics and related accessories (Velocity
Outdoor).
Forward Looking Statements This
press release may contain certain forward-looking statements,
including statements with regard to the future performance of CODI.
Words such as "believes," "expects," and "future" or similar
expressions, are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. Certain
factors could cause actual results to differ materially from those
projected in these forward-looking statements, and some of these
factors are enumerated in the risk factor discussion in the Form
10-K filed by CODI with the SEC for the year ended December 31,
2020, as supplemented by the risk factor discussion in the Form
10-Q filed by CODI with the SEC for the quarter ended September 30,
2021, and other filings with the SEC. Except as required by law,
CODI undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Relations:The IGB
GroupLeon Berman212.477.8438lberman@igbir.com |
Media Contact:Joele Frank, Wilkinson Brimmer KatcherJon Keehner /
Kate Thompson / Lyle Weston212-355-4449 |
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