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

COMPASS DIVERSIFIED TRUST

(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))

 

 

Section 8		Other Events

Item 8.01		Other Events.

     Compass Group Diversified Holdings LLC and Compass Diversified Trust (NASDAQ: CODI) reported that CODI will make a cash distribution of $0.30 per share for the fourth quarter 2006. The distribution is payable on January 24, 2007 to shareholders of record on the close of business on January 18, 2007. This distribution represents a 14.3% increase in the distribution over CODI’s third quarter 2006 distribution. A copy of the press release announcing such distribution is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Section 9		Financial Statements and Exhibits

Item 9.01		Financial Statements and Exhibits

(d)		Exhibits.
99.1		Press Release dated January 5, 2007.

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.

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.

800 Second Avenue		Tel 212 682 6300
New York, NY 10017		Fax 212 697 0910

Exhibit 99.1

Compass Diversified Trust		Investor Relations Contact:
Jim Bottiglieri		KCSA Worldwide
Chief Financial Officer		Jeffrey Goldberger / Garth Russell
203.221.1703		212.896.1249 / 212.896.1250
jim@compassequity.com		jgoldberger@kcsa.com / grussell@kcsa.com

Compass Group Diversified Holdings LLC and Compass Diversified Trust Declare
Increased Distribution for the Fourth Quarter 2006

Westport, CT, January 5, 2007 Compass Group Diversified Holdings LLC and Compass Diversified Trust (NASDAQ: CODI) announced today that CODI will make a cash distribution of $0.30 per share to holders of CODI shares, payable on January 24, 2007 to all holders of record as of January 18, 2007. This distribution represents a 14.3% increase in the distribution over CODI’s third quarter 2006 distribution.

About Compass Diversified Trust

Compass Diversified Trust and its subsidiary, Compass Group Diversified Holdings LLC, were formed to acquire and manage a group of profitable middle market businesses that are headquartered in North America. Compass’ unique structure provides public investors with an opportunity to participate in the ownership and growth of companies which have historically been owned by private equity firms or wealthy individuals or families.

Compass works with the management teams of its subsidiary companies to identify and capitalize on opportunities to grow those companies’ earnings and cash flows. Compass’ unique structure allows it to efficiently acquire businesses with no financing contingencies and, following acquisition, to provide its companies with substantial access to growth capital.

Compass has controlling interests in five businesses: CBS Personnel Holdings, Inc., a human resources outsourcing firm; Crosman Acquisition Corporation, a recreational products company; Compass AC Holdings, Inc., an electronic components manufacturer; Silvue Technologies Group, Inc., a global chemical hardcoatings manufacturer and Anodyne Medical Device, Inc., a leading manufacturer of medical support surfaces. Compass Diversified Trust completed its initial public offering on May 16, 2006. To find out more about Compass Diversified Trust, please visit www.compassdiversifiedtrust.com.

This press release may contain certain forward-looking statements, including statements with regard to the future performance of Compass and/or its subsidiaries. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Forms 10Q filed by Compass with the Securities and Exchange Commission and other filings with the Securities and Exchange Commission. Compass undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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