CODI CFO Ryan Faulkingham out without cause; receives $1.375M severance + $300K transition

Compass Group Diversified Holdings LLC

CFO Ryan Faulkingham terminated without cause effective Aug 30, 2024; also resigned as trustee.
Severance: $500,000 (12 months base salary) plus $575,000 (2023 bonus); COBRA reimbursed through Dec 2025.
Transition services for 60 days at $300,000; will provide part-time assistance.
No successor or interim CFO named in filing.

item 5.02 item 9.01 item 1.01

Executive movements

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Departed

Ryan J. Faulkingham

regular trustee of the Trust

Compass Group Diversified Holdings LLC

Effective: 2024-08-30
Filed: September 17, 2024, 7:59 PM ET

Mr. Faulkingham resigned from all officer and director positions he held with the Manager, the Company and the Trust and their respective affiliates (including any committee thereof).

Departed

Ryan J. Faulkingham

Chief Financial Officer

Compass Group Diversified Holdings LLC

Effective: 2024-08-30
Filed: September 17, 2024, 7:59 PM ET

announced the departure of Ryan J. Faulkingham as the Chief Financial Officer of the Company and as a regular trustee of the Trust, each effective as of August 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ryan J. Faulkingham resigned as regular trustee of the Trust at Compass Group Diversified Holdings LLC.

Action: resigned
Role: regular trustee of the Trust

Exact text from the filing

Mr. Faulkingham resigned from all officer and director positions he held with the Manager, the Company and the Trust and their respective affiliates (including any committee thereof).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ryan J. Faulkingham was terminated as Chief Financial Officer at Compass Group Diversified Holdings LLC.

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

announced the departure of Ryan J. Faulkingham as the Chief Financial Officer of the Company and as a regular trustee of the Trust, each effective as of August 30, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0001345126-24-000052

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