Compass Diversified raises board meeting quorum from 35% to majority of directors
CODI•Compass Diversified Holdings amended its trust and operating agreement, raising the quorum for director meetings from 35% to a majority of directors in office. The amendments were approved Oct. 29, 2026, and took effect Nov. 1.
1. Agreement amendments
The amendments also require board interviews for director nominees and expanded disclosures from nominees and proposing shareholders or members. Nomination procedures must comply with Rule 14a-19, and directors may receive meeting notices by email 24 hours in advance in certain circumstances.
