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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 2009
COMPASS DIVERSIFIED HOLDINGS
(Exact name of registrant as specified in its charter)
         
Delaware   0-51937   57-6218917
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer Identification
of incorporation)       No.)
COMPASS GROUP DIVERSIFIED HOLDINGS LLC
(Exact name of registrant as specified in its charter)
         
Delaware   0-51938   20-3812051
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer Identification
of incorporation)       No.)
Sixty One Wilton Road
Second Floor
Westport, CT 06880

(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (203) 221-1703
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01. Other Events
On January 1, 2009, Compass Group Diversified Holdings LLC (“the Company”) adopted SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements – an amendment of ARB No. 51 (“SFAS 160”), which amends ARB 51. SFAS 160 requires reporting entities to present noncontrolling (minority) interests as equity (as opposed to as a liability or mezzanine equity) and provides guidance on the accounting for transactions between an entity and noncontrolling interests. SFAS 160 became effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. The adoption of SFAS 160 affected the presentation of the Consolidated Financial Statements, primarily by including non-controlling interest as a separate component of stockholders’ equity on the Consolidated Statements of Financial Condition.
The presentation herein has been recast to show the effect of the adoption of SFAS 160 on a retrospective basis.
The following items of the Company’s 2008 Annual Report on Form 10K as amended, are being adjusted retrospectively: i.) Part 2, Item 6. Selected Financial Data; ii.) Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and iii.) Item 8. Financial Statements and Supplemental Data are set forth on Exhibits 99.1, 99.2 and 99.3 hereto, respectively, and are incorporated by reference herein. We have not modified or updated any other disclosures presented in our 2008 Annual Report on Form 10K as amended.
Item 9.01. Financial Statements and Exhibits
See Exhibit Index.

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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
           
Date: May 19, 2009   COMPASS DIVERSIFIED HOLDINGS  
 
         
 
  By:   /s/ James J. Bottiglieri  
 
      James J. Bottiglieri  
 
      Regular Trustee  
SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: May 19, 2009   COMPASS GROUP DIVERSIFIED  
    HOLDINGS LLC  
 
         
 
  By:   /s/ James J. Bottiglieri  
 
      James J. Bottiglieri  
 
      Chief Financial Officer  

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Exhibit Index
     
Exhibit No.   Description
23.1
  Consent of Independent Registered Public Accounting Firm
 
99.1
  Selected Financial Data
 
99.2
  Management’s Discussion and Analysis of Financial Condition and Results of Operations
 
99.3
  Financial Statements and Supplemental Data

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