SCOTTS VALLEY, Calif. (BRAIN) — Compass Diversified Holdings and Robert C. Fox, Jr. are selling at least 3.5 million shares in Fox Factory Holding Co., according to documents filed with the Security and Exchange Commission this week.
Compass Diversified, the former owner of Fox Factory, is offering 3.22 million shares. Robert C. Fox, Jr., a director of Fox Factory and the founder of Fox Factory Inc., is offering 350,000 shares with an option to offer an additional 550,000 shares. Following the sale, Compass will still own about 14 percent of the company. Following the sale, Fox Factory's executive officers and directors, and their affiliates, will own about 24 percent of the company's outstanding shares of common stock.
The sale is being underwritten by Robert W. Baird & Co. Inc. (for Compass Diversified) and William Blair & Company, LLC (for Robert C. Fox, Jr.). The offering will have no effect on the number of outstanding Fox Factory shares and the stockholders, Compass Diversified and Robert C. Fox, Jr., will receive all the proceeds.
Fox Factory is traded on the NASDAQ Global Select Market under the symbol “FOXF." Besides the Fox suspension brand, it owns Race Face, the Easton cycling brand and Marzocchi's mountain bike-related business.
