Compass Diversified (CODI) Discusses Financial Restatement and Audit Investigation Following Lugano Fraud Transcript

Operator

Thank you for standing by, and welcome to Compass Diversified’s conference call. [Operator Instructions]. Today’s call is being recorded. [Operator Instructions]. I would now like to hand the call over to Ben Tapper, VP, Investor Relations. Please go ahead.

Ben Avenia-Tapper
Vice President of Investor Relations

Thank you, and welcome to Compass Diversified’s conference call to discuss the restatement of our financial statements for the fiscal years 2022 through 2024. Representing the company today are Elias Sabo, CODI’s Chief Executive Officer; and Stephen Keller, CODI’s Chief Financial Officer. We are also joined by Pat Maciariello of Compass Group Management, LLC.

Today’s call is focused on the restatement of our financial statements, our Audit Committee’s internal investigation of Lugano, the actions we are taking in response and an update on our 8 other businesses, which have continued to perform during 2025.

Before we begin, I’d like to remind everyone that during the course of this call, CODI will make certain forward-looking statements, including discussions of forecasts and targets, future business plans, future performance of CODI and its subsidiaries and other forward-looking statements regarding CODI and its financial results.

Words such as believes, expects, anticipates, plans, projects, should, and future or similar expressions are intended to identify forward-looking statements. While these statements represent our best current judgment