Compass diversified holdings announces amendment of its management services agreement

Westport, conn., jan. 15, 2025 (globe newswire) -- compass diversified holdings (nyse: codi), an owner of leading middle market businesses (the “ company ” or “ codi ”), announced today that on january 15, 2025, it entered into a seventh amended and restated management services agreement with compass group management llc, the company's manager (the “ amendment ”). the amendment, commencing in the first quarter beginning on january 1, 2025, restructures the management fee under the existing management services agreement to consist of a base management fee and an incentive management fee. pursuant to the amendment, the base management fee will be (i) 2.0% of the company's adjusted net assets when the adjusted net assets are less than or equal to $3.5 billion (the “ initial threshold fee ”), (ii) the initial threshold fee, plus 1.25% of the amount of adjusted net assets exceeding $3.5 billion when the adjusted net assets are more than $3.5 billion but less than $10 billion, or (iii) 1.5% of the company's adjusted net assets when the adjusted net assets are $10 billion or more.
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