Mosaic Co. Announces Executive Changes and Compensation Details
Ticker: MOS · Form: 8-K · Filed: 2024-11-13T00:00:00.000Z
Sentiment: neutral
Topics: executive-changes, appointments, compensation
TL;DR
Mosaic Co. shakes up exec team, names new CAO, and details exec pay.
AI Summary
The Mosaic Company announced on November 8, 2024, changes in its executive team. Specifically, the company reported the departure of Director Patrick D. Dooley and the appointment of Sarah M. Herrmann as Chief Accounting Officer. Additionally, the company disclosed details regarding compensatory arrangements for its principal executive officer and other named executive officers.
Why It Matters
Changes in key executive positions and compensation can signal shifts in company strategy or financial health, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Executive departures and changes in compensatory arrangements can introduce uncertainty regarding leadership stability and future financial performance.
Key Numbers
- 001-32327 — SEC File Number (Identifies the company's filing with the SEC.)
- 20-1026454 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- The Mosaic Company (company) — Registrant
- Patrick D. Dooley (person) — Departing Director
- Sarah M. Herrmann (person) — Appointed Chief Accounting Officer
- November 8, 2024 (date) — Date of earliest event reported
- 101 East Kennedy Blvd. Suite 2500 Tampa, FL 33602 (location) — Principal executive offices address
FAQ
Who has departed from The Mosaic Company's board or officer positions?
Director Patrick D. Dooley has departed from The Mosaic Company.
Who has been appointed as the new Chief Accounting Officer?
Sarah M. Herrmann has been appointed as the new Chief Accounting Officer.
What is the date of the earliest event reported in this filing?
The earliest event reported in this filing occurred on November 8, 2024.
What specific items are being reported under the 8-K filing?
The filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for The Mosaic Company?
The principal executive office address is 101 East Kennedy Blvd., Suite 2500, Tampa, FL 33602.
Filing Stats: 1,096 words · 4 min read · ~4 pages · Grade level 11.5 · Accepted 2024-11-12 17:31:29
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MOS NYSE Indicate by check
- $650,000 — the Board approved (i) a base salary of $650,000; (ii) a target bonus under Mosaic's Man
- $1,000,000 — 2023 Stock and Incentive Plan valued at $1,000,000 on the date of grant (based on the clos
- $800,000 — ry 1, 2025, reflecting a base salary of $800,000 and a target bonus under Mosaic's MIP e
- $2,500,000 — igible to receive in March 2025 will be $2,500,000 on the date of the grant. The CHR Commi
Filing Documents
- mos-20241108.htm (8-K) — 38KB
- offerletterlspnov112024.htm (EX-99.1) — 12KB
- offerletterlspnov112024001.jpg (GRAPHIC) — 207KB
- offerletterlspnov112024002.jpg (GRAPHIC) — 271KB
- offerletterlspnov112024003.jpg (GRAPHIC) — 229KB
- offerletterlspnov112024004.jpg (GRAPHIC) — 26KB
- 0001628280-24-047321.txt ( ) — 1192KB
- mos-20241108.xsd (EX-101.SCH) — 2KB
- mos-20241108_lab.xml (EX-101.LAB) — 22KB
- mos-20241108_pre.xml (EX-101.PRE) — 13KB
- mos-20241108_htm.xml (XML) — 3KB
01 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits (d): The following exhibits are being filed herewith: Exhibit No. Description 99.1 Offer Letter to Luciano Siani Pires 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: November 12, 2024 By: /s/ Philip E. Bauer Name: Philip E. Bauer Title: Senior Vice President, General Counsel and Corporate Secretary