Koppers Holdings Appoints New CFO, Mike Henderson
Ticker: KOP · Form: 8-K · Filed: Dec 9, 2024 · CIK: 1315257
| Field | Detail |
|---|---|
| Company | Koppers Holdings INC. (KOP) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Koppers just hired Mike Henderson as CFO, starting Dec 9th. He's getting $475k base + bonus + $1M in stock.
AI Summary
Koppers Holdings Inc. announced on December 5, 2024, the appointment of Michael J. ("Mike") Henderson as Senior Vice President, Chief Financial Officer, and Treasurer, effective December 9, 2024. Henderson will receive an annual base salary of $475,000 and is eligible for a discretionary annual bonus. He will also be granted restricted stock units valued at $1,000,000, vesting over three years.
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: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $475,000 — CFO Base Salary (Annual base salary for Michael J. Henderson.)
- $1,000,000 — CFO Stock Grant (Value of restricted stock units granted to Michael J. Henderson.)
Key Players & Entities
- Koppers Holdings Inc. (company) — The company filing the report.
- Michael J. Henderson (person) — Newly appointed Senior Vice President, Chief Financial Officer, and Treasurer.
- Mike Henderson (person) — Nickname for the newly appointed CFO.
- $475,000 (dollar_amount) — Annual base salary for the new CFO.
- $1,000,000 (dollar_amount) — Value of restricted stock units granted to the new CFO.
- December 5, 2024 (date) — Date of the report.
- December 9, 2024 (date) — Effective date of the new CFO's appointment.
FAQ
Who has been appointed as the new Senior Vice President, Chief Financial Officer, and Treasurer of Koppers Holdings Inc.?
Michael J. ("Mike") Henderson has been appointed as the new Senior Vice President, Chief Financial Officer, and Treasurer.
When is Michael J. Henderson's appointment as CFO effective?
Michael J. Henderson's appointment is effective December 9, 2024.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Michael J. Henderson, is $475,000.
What is the value of the restricted stock units granted to the new CFO?
The new CFO, Michael J. Henderson, will be granted restricted stock units valued at $1,000,000.
Over what period will the new CFO's restricted stock units vest?
The restricted stock units granted to Michael J. Henderson will vest over three years.
Filing Stats: 421 words · 2 min read · ~1 pages · Grade level 12.2 · Accepted 2024-12-09 07:58:03
Filing Documents
- kop-20241205.htm (8-K) — 37KB
- 0000950170-24-134339.txt ( ) — 147KB
- kop-20241205.xsd (EX-101.SCH) — 24KB
- kop-20241205_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 9, 2024 KOPPERS HOLDINGS INC. By: /s/ Jimmi Sue Smith Jimmi Sue Smith Chief Financial Officer