WESTPORT, Conn., May 27 /PRNewswire-FirstCall/ -- Compass DiversifiedHoldings (Nasdaq GS: CODI or the 'Company'), a leading acquirer and manager ofmiddle market businesses, announced today the results from the Company'sAnnual Meeting of Shareholders held on Friday, May 23, 2008, in Norwalk, CT.At the meeting, the Shareholders of the Company approved all resolutions putbefore them, including the election of two directors to serve for three-yearterms on the board of directors and the appointment of the Company'sindependent auditor.
James J. Bottiglieri and Gordon Burns were elected Class II directors onthe Company's Board of Directors until the 2011 Annual Meeting. Mr.Bottiglieri has served as a director of the Company since December 2005, aswell as its chief financial officer since its inception on November 18, 2005.Mr. Burns has been a private investor since 1998. Previously he wasresponsible for investment banking at UBS Securities and before that was aManaging Director at Salomon Brothers Inc.
Also at the meeting Shareholders ratified the appointment of GrantThornton LLP as independent auditor for the Company for the fiscal year endingDecember 31, 2008.
About Compass Diversified Holdings ('CODI')
CODI was formed to acquire and manage a group of middle market businessesthat are headquartered in North America. CODI provides public investors withan opportunity to participate in the ownership and growth of companies whichhave historically been owned by private equity firms or wealthy individuals orfamilies. CODI's disciplined approach to its target market providesopportunities to methodically purchase attractive businesses at values thatare accretive to its shareholders. For sellers of businesses, CODI's uniquestructure allows CODI to acquire businesses efficiently with no financingcontingencies and, following acquisition, to provide its companies withsubstantial access to growth capital.
Upon acquisition, CODI works with the executive teams of its subsidiarycompanies to identify and capitalize on opportunities to grow those companies'earnings and cash flows. These cash flows support distributions to CODIshareholders, which are intended to be steady and growing over the long term.
Subsidiary Businesses
Aeroglide Holdings, Inc. and its consolidated subsidiaries, referred to asAeroglide, is a designer and manufacturer of industrial drying and coolingequipment, primarily used in the production of a variety of human foods,animal and pet feeds, and industrial products.
