WESTPORT, Conn., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE:CODI) ("CODI") announced today that its senior secured lender group has extended to November 10, 2025 the due date for CODI to publish its restated financial results for the fiscal years ended December 31, 2022, 2023 and 2024. CODI is in active conversations with its senior lender group regarding a formal forbearance extension that will provide additional time to complete the restatement process. This extension is expected to be finalized in the near term.

CODI continues to make progress toward completing the investigation into financial and accounting irregularities at its Lugano Holding Inc. subsidiary ("Lugano"), and the related restatement of its historical financial statements. The investigation is isolated to Lugano and does not involve any of CODI's other subsidiaries, which continue to deliver solid operating performance.

"We are nearing the end of a highly complex restatement process as we unwind a sophisticated financial and accounting fraud perpetrated by Lugano's founder and former CEO," said Elias Sabo, CEO of CODI. "As we move closer to completion, our focus remains on maximizing value for our stakeholders and driving strong performance across the rest of our businesses. We ...