Compass Diversified Holdings ( (CODI) ) has provided an announcement.
Ryan J. Faulkingham has stepped down as the CFO of Compass Group Diversified Holdings LLC and from his trustee role at Compass Diversified Holdings, effective August 30, 2024. His termination, without cause, led to the signing of a Separation Agreement on September 12, 2024, entitling him to his due salary, vacation pay, unreimbursed expenses, a year’s salary, and the previous year’s bonus, totaling $1.075 million. Additionally, he’ll receive health coverage reimbursement until December 2025 or until he finds new employment. In exchange, Faulkingham will assist with the transition for 60 days and has waived most claims against his former employers.
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