Compass Minerals Changes Fiscal Year End
Ticker: CMP · Form: 8-K · Filed: May 17, 2024 · CIK: 1227654
| Field | Detail |
|---|---|
| Company | Compass Minerals International INC (CMP) |
| Form Type | 8-K |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: fiscal-year-change, reporting-update
TL;DR
Compass Minerals is shifting its fiscal year end to 9/30, starting this year.
AI Summary
Compass Minerals International, Inc. filed an 8-K on May 17, 2024, reporting a change in its fiscal year end to September 30, effective for the fiscal year ending September 30, 2024. This filing also includes financial statements and exhibits.
Why It Matters
This change in fiscal year end may impact the timing of financial reporting and investor analysis of the company's performance.
Risk Assessment
Risk Level: low — The filing primarily concerns administrative changes to the company's fiscal reporting period, not operational or financial distress.
Key Numbers
- 0930 — New Fiscal Year End (The company's fiscal year will now end on September 30.)
Key Players & Entities
- Compass Minerals International, Inc. (company) — Registrant
- May 16, 2024 (date) — Earliest event reported
- September 30 (date) — New fiscal year end
- Delaware (jurisdiction) — State of incorporation
- 913-344-9200 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a change in Compass Minerals International, Inc.'s fiscal year end to September 30 and to include financial statements and exhibits.
When is the new fiscal year end for Compass Minerals International, Inc. effective?
The new fiscal year end of September 30 is effective for the fiscal year ending September 30, 2024.
What was the previous fiscal year end for Compass Minerals International, Inc.?
The filing does not explicitly state the previous fiscal year end, but the change implies it was different from September 30.
What is the company's principal executive office address?
The principal executive offices are located at 9900 West 109th Street, Suite 100, Overland Park, KS 66210.
What is the Commission File Number for Compass Minerals International, Inc.?
The Commission File Number for Compass Minerals International, Inc. is 001-31921.
Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-05-17 16:03:46
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value CMP The New York Stock Exchan
Filing Documents
- cmp-20240516.htm (8-K) — 29KB
- cmp-amendedandrestatedbyxl.htm (EX-3.2) — 219KB
- cmp-20240516_g1.jpg (GRAPHIC) — 98KB
- 0001227654-24-000113.txt ( ) — 656KB
- cmp-20240516.xsd (EX-101.SCH) — 2KB
- cmp-20240516_lab.xml (EX-101.LAB) — 23KB
- cmp-20240516_pre.xml (EX-101.PRE) — 13KB
- cmp-20240516_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On May 16, 2024, Compass Minerals International, Inc. (the "Company") upon the recommendation of its Nominating and Corporate Governance Committee, approved amended and restated bylaws of the Company (the "Bylaws", and such amendment, the "Bylaw Amendment"). The Bylaw Amendment became effective on May 16 , 2024. The Bylaw Amendment provides that a stockholder providing notice of director nominations must comply with the requirements of Rule 14a-19 under the Exchange Act. The Company also updated the disclosure requirements for stockholders submitting director nominations and proposing other business, including (i) revising the "Acting in Concert" definition such that a person will be deemed to be "Acting in Concert" with another person only if such person has an agreement, arrangement or understanding with such other person regarding the nomination or business proposed at a meeting and (ii) removing "any third party" from the list of parties with whom agreements, arrangements and understandings in connection with the proposal of business must be disclosed. The Company also adopted updates to the provisions governing the nominations of directors to address new universal proxy rules. The amendment and restatement took effect upon approval and adoption by the Board. The foregoing description of the Bylaw Amendment does not purport to be complete and is qualified in its entirety by reference to the Bylaw Amendment, which is filed as exhibit 3.2 hereto and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 3.2 By-laws of Compass Minerals International, Inc., amended and restated as of May 16, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMPASS MINERALS INTERNATIONAL, INC. Date: May 17, 2024 By: /s/ Lorin Crenshaw Name: Lorin Crenshaw Title: Chief Financial Officer