Compass Minerals International Inc. Files Definitive Proxy Statement

Ticker: CMP · Form: DEF 14A · Filed: Jan 29, 2024 · CIK: 1227654

Compass Minerals International INC DEF 14A Filing Summary
FieldDetail
CompanyCompass Minerals International INC (CMP)
Form TypeDEF 14A
Filed DateJan 29, 2024
Risk Level
Pages14
Reading Time17 min
Key Dollar Amounts$1.205B, $79.1M, $107.9M, $1.205 b, $1 billion
Sentimentneutral

Complexity: moderate

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Compass Minerals, Executive Compensation, Corporate Governance

TL;DR

<b>Compass Minerals International Inc. has filed its Definitive Proxy Statement for the period ending March 5, 2024.</b>

AI Summary

COMPASS MINERALS INTERNATIONAL INC (CMP) filed a Proxy Statement (DEF 14A) with the SEC on January 29, 2024. Compass Minerals International Inc. filed a Definitive Proxy Statement (DEF 14A) on January 29, 2024. The filing covers the period ending March 5, 2024, with a report as of January 29, 2024. The company's fiscal year ends on September 30. Compass Minerals International Inc. was formerly known as Salt Holdings Corp. The filing includes executive compensation details for covered years, specifically mentioning CrutchfieldMember and PEO Member.

Why It Matters

For investors and stakeholders tracking COMPASS MINERALS INTERNATIONAL INC, this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it outlines proposals to be voted on at the annual meeting, including director elections and executive compensation plans. Understanding the executive compensation details and any changes in corporate governance is vital for investors assessing the company's management and future strategic direction.

Risk Assessment

Risk Level: — COMPASS MINERALS INTERNATIONAL INC shows moderate risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices, with no immediate red flags.

Analyst Insight

Review the detailed executive compensation breakdown and any proposed changes to governance to inform voting decisions.

Executive Compensation

NameTitleTotal Compensation
CrutchfieldMemberPEO Member

Key Numbers

Key Players & Entities

FAQ

When did COMPASS MINERALS INTERNATIONAL INC file this DEF 14A?

COMPASS MINERALS INTERNATIONAL INC filed this Proxy Statement (DEF 14A) with the SEC on January 29, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by COMPASS MINERALS INTERNATIONAL INC (CMP).

Where can I read the original DEF 14A filing from COMPASS MINERALS INTERNATIONAL INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by COMPASS MINERALS INTERNATIONAL INC.

What are the key takeaways from COMPASS MINERALS INTERNATIONAL INC's DEF 14A?

COMPASS MINERALS INTERNATIONAL INC filed this DEF 14A on January 29, 2024. Key takeaways: Compass Minerals International Inc. filed a Definitive Proxy Statement (DEF 14A) on January 29, 2024.. The filing covers the period ending March 5, 2024, with a report as of January 29, 2024.. The company's fiscal year ends on September 30..

Is COMPASS MINERALS INTERNATIONAL INC a risky investment based on this filing?

Based on this DEF 14A, COMPASS MINERALS INTERNATIONAL INC presents a moderate-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices, with no immediate red flags.

What should investors do after reading COMPASS MINERALS INTERNATIONAL INC's DEF 14A?

Review the detailed executive compensation breakdown and any proposed changes to governance to inform voting decisions. The overall sentiment from this filing is neutral.

How does COMPASS MINERALS INTERNATIONAL INC compare to its industry peers?

Compass Minerals International Inc. operates in the mining and quarrying of nonmetallic minerals sector. This filing is typical for publicly traded companies in this industry.

Are there regulatory concerns for COMPASS MINERALS INTERNATIONAL INC?

As a publicly traded company, Compass Minerals International Inc. is subject to SEC regulations requiring the filing of proxy statements to ensure transparent shareholder communication and voting.

Industry Context

Compass Minerals International Inc. operates in the mining and quarrying of nonmetallic minerals sector. This filing is typical for publicly traded companies in this industry.

Regulatory Implications

As a publicly traded company, Compass Minerals International Inc. is subject to SEC regulations requiring the filing of proxy statements to ensure transparent shareholder communication and voting.

What Investors Should Do

  1. Review the proposals to be voted on at the upcoming shareholder meeting.
  2. Analyze the executive compensation details and any changes proposed.
  3. Assess the company's governance practices as outlined in the filing.

Key Dates

Glossary

DEF 14A
Definitive Proxy Statement (A filing required by the SEC for companies soliciting proxies from shareholders, containing detailed information about matters to be voted on.)

Year-Over-Year Comparison

This is the initial filing of the DEF 14A for the reporting period. No prior filing for this specific period is available for comparison.

Filing Stats: 4,307 words · 17 min read · ~14 pages · Grade level 14.6 · Accepted 2024-01-29 07:01:07

Key Financial Figures

Filing Documents

Executive Compensation Tables

Executive Compensation Tables 60 Fiscal 2023 Potential Payments Upon Change in Control and Other Events 71 CEO Pay Ratio 73 Pay Versus Performance 73 Equity Compensation Plan Information 77 Proposal 3 —Approval of Second Amendment to the Compass Minerals International, Inc. 2020 Incentive Award Plan 78 Audit Matters 88 Proposal 4 —Ratification of Appointment of Independent Auditors 88 Vote Required 90 Report of the Audit Committee 90 Stock 92 Stock Ownership of Certain Beneficial Owners and Management 92 Delinquent Section 16(a) Reports 94 Questions and Answers about the Annual Meeting 95 2024 Annual Meeting of Stockholders 95 Additional Filings and Information 100 Proxy Solicitation 100 Stockholder Proposals and Nominations for Our 2025 Annual Meeting 101 Appendix A Second Amendment to the Compass Minerals International, Inc. 2020 Incentive Award Plan 102 YOUR VOTE IS VERY IMPORTANT. Whether or not you plan to attend the annual meeting, we encourage you to read this Proxy Statement and submit your proxy or voting instructions as soon as possible. COMPASS MINERALS INTERNATIONAL, INC. // 2024 Proxy Statement 3 PROXY We provide below highlights of certain information in this Proxy Statement. As it is only a summary, please refer to the complete Proxy Statement and fiscal year 2023 Annual Report before you vote. In June 2021, our Board of Directors changed our fiscal year end from December 31 to September 30. As a result, our 2021 fiscal year ("fiscal 2021") was the nine - month period from January 1, 2021, to September 30, 2021. References in this Proxy Statement to "fiscal 2023" mean the fiscal year beginning October 1, 2022, and ending September 30, 2023. 2024 Annual Meeting of Stockholders WHEN VIRTUAL MEETING RECORD DATE VOTING Tuesday, March 5, 2024 9:00 a.m. Central Time www.virtualshareholdermeeting .com/CMP2024 Only stockholders of record as of the c

Business

Business Leader Industry/End User Knowledge International Business Risk Management Strategy/M&A GARETH T. JOYCE CEO, Proterra Inc 50 2021 1 Business Leader Industry/End User Knowledge International Business Operations/EH&S Risk Management Sales and Marketing Strategy/M&A Sustainability/HCM MELISSA M. MILLER Executive Vice President and Chief Human Resources Officer, Arconic Corporation 52 2022 0 Business Leader International Business Risk Management Strategy/M&A Sustainability/HCM JOSEPH E. REECE Managing Member, SilverBox Capital, LLC 62 2019 1 Business Leader Financial Expert Industry/End User Knowledge International Business Risk Management Sales and Marketing Strategy/M&A COMPASS MINERALS INTERNATIONAL, INC. // 2024 Proxy Statement 6 Back to Contents Name and Principal Occupation Age Director since Independent Other Public Company Boards Qualifications and Attributes Committee Memberships Audit Comp EHS&S NCG SHANE T. WAGNON Vice President, Koch Carbon, LLC 40 2022 0 Business Leader Industry/End User Knowledge Operations/EH&S Risk Management Sales and Marketing Strategy/M&A LORI A. WALKER Retired CFO and SVP, Valspar Corporation 66 2015 2 Business Leader Financial Expert International Business Risk Management Strategy/M&A Committee Chair Committee Member Non-Executive Chairman of the Board Audit Committee financial expert Director Nominee Snapshot GENDER DIVERSITY INDEPENDENCE (NYSE STANDARDS) AUDIT COMMITTEE EXPERTISE (SEC) 25% 62.5% 100% OUR DIRECTOR NOMINEES INCLUDE 2 FEMALE COMMITTEE CHAIRS INCLUDING OUR CHAIRMAN ALL DIRECTOR NOMINEES WHO ARE AUDIT COMMITTEE MEMBERS ARE CONSIDERED FINANCIAL EXPERTS AGE TENURE BOARD REFRESHMENT 55.5 2.8 +6 AVERAGE AGE AVERAGE TENURE SIX OF OUR NOMINEES HAVE JOINED THE BOARD IN THE LAST FOUR YEARS COMPASS MINERALS INTERNATIONAL, INC. // 2024 Proxy Statem

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