Compass Minerals Names New CFO, Elects Directors
Ticker: CMP · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1227654
| Field | Detail |
|---|---|
| Company | Compass Minerals International INC (CMP) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $400,000, $600,000, $62,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, compensation
TL;DR
Compass Minerals shakes up exec team and board, new CFO starts Monday.
AI Summary
Compass Minerals International, Inc. announced on June 7, 2024, changes in its executive team. The company appointed a new Chief Financial Officer, effective June 10, 2024, and also elected new directors to its Board. Additionally, the company disclosed details regarding the compensatory arrangements for its named executive officers.
Why It Matters
Changes in key executive and board positions can signal shifts in company strategy, financial oversight, and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and financial management.
Key Players & Entities
- Compass Minerals International, Inc. (company) — Registrant
- June 7, 2024 (date) — Date of earliest event reported
- June 10, 2024 (date) — Effective date for new CFO
- Delaware (jurisdiction) — State of incorporation
- 36-3972986 (identifier) — I.R.S. Employer Identification No.
FAQ
Who has been appointed as the new Chief Financial Officer?
The filing indicates the appointment of a new Chief Financial Officer, with the effective date being June 10, 2024.
When is the new Chief Financial Officer's appointment effective?
The appointment of the new Chief Financial Officer is effective June 10, 2024.
What other significant changes were reported by Compass Minerals on June 7, 2024?
Compass Minerals also reported the election of new directors to its Board and disclosed details regarding compensatory arrangements for certain officers.
What is the company's state of incorporation?
Compass Minerals International, Inc. is incorporated in Delaware.
What is the filing date for this 8-K report?
This 8-K report was filed as of June 10, 2024, with the earliest event reported on June 7, 2024.
Filing Stats: 992 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-06-07 19:13:11
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value CMP The New York Stock Ex
- $400,000 — etter, Mr. Cathey's base salary will be $400,000 per year. Mr. Cathey's targeted cash bo
- $600,000 — "), with a target equity award value of $600,000. Mr. Cathey will also receive a one-tim
- $62,500 — restricted stock units with a value of $62,500, vesting ratably over three years, and
Filing Documents
- tm2416734d1_8k.htm (8-K) — 30KB
- tm2416734d1_ex10-1.htm (EX-10.1) — 50KB
- tm2416734d1_ex10-2.htm (EX-10.2) — 7KB
- tm2416734d1_ex99-1.htm (EX-99.1) — 9KB
- tm2416734d1_8kimg001.jpg (GRAPHIC) — 3KB
- tm2416734d1_ex10-2img001.jpg (GRAPHIC) — 15KB
- tm2416734d1_ex99-1img001.jpg (GRAPHIC) — 16KB
- 0001104659-24-069775.txt ( ) — 338KB
- cmp-20240607.xsd (EX-101.SCH) — 3KB
- cmp-20240607_lab.xml (EX-101.LAB) — 33KB
- cmp-20240607_pre.xml (EX-101.PRE) — 22KB
- tm2416734d1_8k_htm.xml (XML) — 4KB
01 Financial
Item 9.01 Financial (d) Exhibits. Exhibit No. Exhibit Description 10.1 Form of Final Release and Waiver of Claims between Compass Minerals International, Inc. and Lorin Crenshaw. 10.2 Offer Letter, signed June 7, 2024, between Compass Minerals International Inc. and Jeffrey Cathey. 99.1 Press Release issued by Compass Minerals International Inc. on June 7, 2024. 104 Cover Page Interactive Data File (embedded within the 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: June 7, 2024 By: /s/ Mary L. Frontczak Name: Mary L. Frontczak Title: Chief Legal and Administrative Officer and Corporate Secretary