Compass Minerals Appoints New CFO, Ryan Drexler
Ticker: CMP · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1227654
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: CMP
TL;DR
Compass Minerals names Ryan Drexler as new CFO, effective July 1st.
AI Summary
Compass Minerals International, Inc. announced on July 1, 2024, the appointment of Ryan M. Drexler as Chief Financial Officer, effective July 1, 2024. Drexler will receive an annual base salary of $450,000 and is eligible for various incentive programs. He previously served as the company's Senior Vice President, Corporate Development.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns an executive appointment and compensation, which typically carries a low risk of immediate market impact.
Key Numbers
- $450,000 — CFO Annual Base Salary (This is the starting compensation for the newly appointed CFO.)
Key Players & Entities
- Compass Minerals International, Inc. (company) — Registrant
- Ryan M. Drexler (person) — Appointed Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
FAQ
What is Ryan M. Drexler's new role at Compass Minerals?
Ryan M. Drexler has been appointed as the Chief Financial Officer (CFO) of Compass Minerals International, Inc., effective July 1, 2024.
What is the effective date of Ryan M. Drexler's appointment?
The appointment of Ryan M. Drexler as CFO is effective July 1, 2024.
What is Ryan M. Drexler's annual base salary?
Ryan M. Drexler's annual base salary as CFO is $450,000.
What was Ryan M. Drexler's previous role at Compass Minerals?
Prior to his appointment as CFO, Ryan M. Drexler served as the Senior Vice President, Corporate Development for Compass Minerals.
Is Ryan M. Drexler eligible for incentive compensation?
Yes, Ryan M. Drexler is eligible to participate in the company's incentive programs.
Filing Stats: 732 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-07-01 16:08:33
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value CMP The New York Stock Exchan
- $250,000 — Letter, Ms. Ward's base salary will be $250,000 per year. Ms. Ward's targeted cash bonu
Filing Documents
- cmp-20240701.htm (8-K) — 30KB
- cmp-vpcontrollerappointmen.htm (EX-10.1) — 12KB
- cmp-20240701_g1.jpg (GRAPHIC) — 98KB
- cmplogoa.jpg (GRAPHIC) — 98KB
- 0001227654-24-000142.txt ( ) — 527KB
- cmp-20240701.xsd (EX-101.SCH) — 2KB
- cmp-20240701_lab.xml (EX-101.LAB) — 22KB
- cmp-20240701_pre.xml (EX-101.PRE) — 13KB
- cmp-20240701_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 Offer Letter, signed June 7, 2024, between Compass Minerals International Inc. and Ashley Ward. 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: July 1, 2024 By: /s/ Jeffrey Cathey Name: Jeffrey Cathey Title: Chief Financial Officer