Martin Marietta Materials Elects New Directors, Updates Executive Pay

Ticker: MLM · Form: 8-K · Filed: 2024-12-03T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

Related Tickers: MLM

TL;DR

MLM adds 2 directors, rejiggers exec pay. Board shakeup incoming.

AI Summary

Martin Marietta Materials Inc. announced on December 3, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael L. Bartley and David L. Johnson, to its Board, effective immediately. Additionally, the company entered into new employment agreements with certain executive officers, including the CEO, CFO, and COO, detailing their compensation packages.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant operational risks.

Key Players & Entities

FAQ

Who were the new directors elected to Martin Marietta Materials' Board?

Michael L. Bartley and David L. Johnson were elected as new directors to the Board of Martin Marietta Materials, effective December 3, 2024.

What is the effective date of the director elections?

The election of Michael L. Bartley and David L. Johnson to the Board of Directors was effective as of December 3, 2024.

What other significant event is reported in this 8-K filing?

In addition to director elections, the filing also reports on compensatory arrangements for certain officers of Martin Marietta Materials.

What is the company's principal executive office address?

The principal executive offices of Martin Marietta Materials Inc. are located at 4123 Parklake Avenue, Raleigh, North Carolina 27612.

Under which section of the Securities Exchange Act of 1934 is this report filed?

This Current Report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

From the Filing

0000950170-24-132888.txt : 20241203 0000950170-24-132888.hdr.sgml : 20241203 20241203172518 ACCESSION NUMBER: 0000950170-24-132888 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20241203 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241203 DATE AS OF CHANGE: 20241203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARTIN MARIETTA MATERIALS INC CENTRAL INDEX KEY: 0000916076 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 561848578 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12744 FILM NUMBER: 241523796 BUSINESS ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 BUSINESS PHONE: 919-781-4550 MAIL ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 8-K 1 mlm-20241203.htm 8-K 8-K 0000916076 false 0000916076 2024-12-03 2024-12-03   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 03, 2024     MARTIN MARIETTA MATERIALS INC (Exact name of Registrant as Specified in Its Charter)     North Carolina 1-12744 56-1848578 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           4123 Parklake Avenue   Raleigh , North Carolina   27612 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 919 781-4550     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $.01 par value per share   MLM   The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Martin Marietta Materials, Inc. (the “Company”) announced that, on December 2, 2024, Roselyn R. Bar, Executive Vice President, General Counsel and Corporate Secretary, informed the Company of her decision to retire from the Company in the second half of 2025.       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.  

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