Vulcan Materials Files 2024 Proxy Statement

Ticker: VMC · Form: DEF 14A · Filed: 2024-03-25T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, governance, annual-meeting

Related Tickers: VMC

TL;DR

VMC proxy out - vote on board & auditors by May 10th.

AI Summary

Vulcan Materials Company (VMC) filed its DEF 14A proxy statement on March 25, 2024, for its annual meeting on May 10, 2024. The filing details executive compensation, board nominations, and other corporate governance matters. Key proposals include the election of directors and the ratification of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2024.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and governance, directly impacting the company's strategic direction and shareholder value.

Risk Assessment

Risk Level: low — DEF 14A filings are routine disclosures and do not typically present new risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters such as the election of directors, executive compensation, and the ratification of auditors.

When is Vulcan Materials Company's annual meeting scheduled?

Vulcan Materials Company's annual meeting is scheduled for May 10, 2024.

Who is proposed to be Vulcan Materials' independent auditor for the upcoming fiscal year?

PricewaterhouseCoopers LLP is proposed to be ratified as Vulcan Materials' independent registered public accounting firm for the fiscal year ending December 31, 2024.

What is the filing date of this DEF 14A?

This DEF 14A filing was made on March 25, 2024.

What is the company's state of incorporation?

Vulcan Materials Company is incorporated in New Jersey (NJ).

From the Filing

0001140361-24-015024.txt : 20240325 0001140361-24-015024.hdr.sgml : 20240325 20240325160239 ACCESSION NUMBER: 0001140361-24-015024 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 67 CONFORMED PERIOD OF REPORT: 20240510 FILED AS OF DATE: 20240325 DATE AS OF CHANGE: 20240325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vulcan Materials CO CENTRAL INDEX KEY: 0001396009 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 208579133 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-33841 FILM NUMBER: 24779158 BUSINESS ADDRESS: STREET 1: 1200 URBAN CENTER DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35242 BUSINESS PHONE: (205) 298-3000 MAIL ADDRESS: STREET 1: 1200 URBAN CENTER DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35242 FORMER COMPANY: FORMER CONFORMED NAME: Virginia Holdco, Inc. DATE OF NAME CHANGE: 20070409 DEF 14A 1 ny20018760x1_def14a.htm DEF 14A TABLE OF CONTENTS SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 ☑ ​ ​ Filed by the Registrant ​ ​   ☐ ​ ​ Filed by a party other than the Registrant Check the appropriate box:   ☐ ​ ​ Preliminary Proxy Statement   ☐ ​ ​ CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2)) ☑ ​ ​ Definitive Proxy Statement   ☐ ​ ​ Definitive Additional Materials   ☐ ​ ​ Soliciting Material Pursuant to §240.14a-12 Vulcan Materials Company (Name of Registrant as Specified in Its Charter)   (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of filing fee (Check all boxes that apply): ☑ ​ ​ No fee required   ☐ ​ ​ Fee paid previously with preliminary materials   ☐ ​ ​ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 TABLE OF CONTENTS   TABLE OF CONTENTS Dear fellow shareholders,     I am pleased to invite you to our 2024 Annual Meeting of Shareholders on Friday, May 10, 2024, at 9:00 a.m., Central Daylight Time, to be held virtually via the internet. During the Annual Meeting, we will discuss each item of business described in the Notice of Annual Meeting and this proxy statement. ENHANCE OUR CORE, EXPAND OUR REACH Our commitment to enhancing our core and expanding our reach continues to position Vulcan at the center of building the communities where we live and operate. In those communities and beyond, our goal is to do the right thing, the right way, at the right time—The Vulcan Way. We are proud that The Vulcan Way continues to deliver value to you, our shareholders, as well as our employees and our customers. In 2023, our team continued to execute on our strategy—enhancing our core business through the Vulcan Way of Selling and the Vulcan Way of Operating and expanding our reach through disciplined and balanced portfolio management. The Vulcan Way of Selling has allowed us to better serve our customers and enhance our profitability, as evidenced by the 16% increase in freight-adjusted aggregates pricing in 2023. While our portfolio includes 397 active aggregates facilities with 15.6 billion tons of reserves serving 23 of the top-growth states in the U.S., we still have significant opportunity to expand our reach in both our existing markets and new markets. In 2023, we optimized our asset portfolio consistent with our aggregates-focused business model by divesting of our Texas ready-mixed concrete assets. And, as a result of our extraordinary cash generation and disciplined capital allocation strategy, we have the balance sheet to support future expansion. Our exceptional results for 2023 prov

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