Minerals Technologies Inc. Announces Board Changes
Ticker: MTX · Form: 8-K · Filed: Mar 26, 2024 · CIK: 891014
| Field | Detail |
|---|---|
| Company | Minerals Technologies Inc (MTX) |
| Form Type | 8-K |
| Filed Date | Mar 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10, $205,000, $80,000, $125,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, management-changes, governance
TL;DR
MTI board shakeup: Kelleher out, Dietz and Dr. Kelleher in. Officer pay also on the agenda.
AI Summary
Minerals Technologies Inc. announced on March 20, 2024, the departure of director John P. M. Kelleher and the appointment of new directors, including Douglas L. Dietz and Dr. Robert J. W. K. Kelleher. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in a company's board of directors can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and officer changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Minerals Technologies Inc. (company) — Registrant
- John P. M. Kelleher (person) — Departing Director
- Douglas L. Dietz (person) — Appointed Director
- Dr. Robert J. W. K. Kelleher (person) — Appointed Director
- March 20, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Minerals Technologies Inc. board of directors?
John P. M. Kelleher has departed from the board of directors of Minerals Technologies Inc.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 20, 2024.
Who are the newly appointed directors at Minerals Technologies Inc.?
Douglas L. Dietz and Dr. Robert J. W. K. Kelleher have been appointed as new directors.
What is the principal executive office address for Minerals Technologies Inc.?
The principal executive office address is 622 Third Avenue, New York, New York 10017-6707.
What is the SIC code for Minerals Technologies Inc.?
The Standard Industrial Classification (SIC) code for Minerals Technologies Inc. is 2810 (Industrial Inorganic Chemicals).
Filing Stats: 745 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-03-26 17:13:31
Key Financial Figures
- $0.10 — ange on which registered Common Stock, $0.10 par value MTX NYSE Check the appr
- $205,000 — This includes an annual retainer fee of $205,000, comprised of $80,000 paid in cash and
- $80,000 — retainer fee of $205,000, comprised of $80,000 paid in cash and $125,000 in phantom st
- $125,000 — , comprised of $80,000 paid in cash and $125,000 in phantom stock units which have the e
Filing Documents
- form8k_032024.htm (8-K) — 33KB
- ex99_1.htm (EX-99.1) — 7KB
- image0.jpg (GRAPHIC) — 100KB
- 0000891014-24-000031.txt ( ) — 312KB
- mtx-20240320.xsd (EX-101.SCH) — 4KB
- mtx-20240320_lab.xml (EX-101.LAB) — 22KB
- mtx-20240320_pre.xml (EX-101.PRE) — 16KB
- form8k_032024_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated March 26, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL)
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. MINERALS TECHNOLOGIES INC. (Registrant) By: /s/ Timothy J. Jordan Name: Timothy J. Jordan Title: Vice President, General Counsel, Secretary and Chief Compliance Officer Date: March 26, 2024