Mosaic Names New CFO, Stanko Gets $1.5M Stock Award
Ticker: MOS · Form: 8-K · Filed: 2024-08-28T00:00:00.000Z
Sentiment: neutral
Topics: executive-appointment, compensation
TL;DR
Mosaic just hired a new CFO, Michael Stanko, with a $500k salary and a $1.5M stock grant.
AI Summary
The Mosaic Company announced on August 22, 2024, the appointment of a new Chief Financial Officer, Michael L. Stanko, effective September 3, 2024. Stanko will receive an annual base salary of $500,000 and is eligible for Mosaic's annual incentive plan, with a target bonus of 100% of his base salary. He will also receive a restricted stock unit award valued at $1,500,000.
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 financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $500,000 — CFO Base Salary (Annual compensation for Michael L. Stanko)
- 100% — CFO Target Bonus (Potential annual incentive for Michael L. Stanko)
- $1,500,000 — CFO Stock Award (Restricted stock unit grant value for Michael L. Stanko)
Key Players & Entities
- The Mosaic Company (company) — Registrant
- Michael L. Stanko (person) — Newly appointed Chief Financial Officer
- $500,000 (dollar_amount) — Annual base salary for new CFO
- 100% (dollar_amount) — Target bonus percentage for new CFO
- $1,500,000 (dollar_amount) — Value of restricted stock unit award for new CFO
- September 3, 2024 (date) — Effective date of CFO appointment
- August 22, 2024 (date) — Date of the earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of The Mosaic Company?
Michael L. Stanko has been appointed as the new Chief Financial Officer.
When is Michael L. Stanko's appointment as CFO effective?
His appointment is effective September 3, 2024.
What is Michael L. Stanko's annual base salary?
His annual base salary is $500,000.
What is the target bonus percentage for the new CFO?
The target bonus is 100% of his base salary.
What is the value of the restricted stock unit award granted to Michael L. Stanko?
The restricted stock unit award is valued at $1,500,000.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-28 16:47:23
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MOS New York Stock Exchange
Filing Documents
- mos-20240822.htm (8-K) — 33KB
- 0001243786-24-000051.txt ( ) — 158KB
- mos-20240822.xsd (EX-101.SCH) — 2KB
- mos-20240822_lab.xml (EX-101.LAB) — 22KB
- mos-20240822_pre.xml (EX-101.PRE) — 13KB
- mos-20240822_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File, formatted in 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. THE MOSAIC COMPANY Date: August 28, 2024 By: /s/ Philip E. Bauer Name: Philip E. Bauer Title: Senior Vice President, General Counsel and Corporate Secretary