Compass Minerals International, Inc. (NYSE:CMP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
International, Inc. (the Company) of his resignation as Chief
Financial Officer. Mr. Linehan resigned as a result of unforeseen
personal circumstances, and Mr. Linehans resignation did not
result from any disagreements regarding the Companys strategy,
operations, financial reporting or accounting policies,
procedures, estimates or judgments.
Companys Interim Chief Financial Officer and Treasurer, as well
as principal accounting and financial officer, effective April
25, 2017. Mr. Standen will assume this role while the Company
conducts a comprehensive search for a new Chief Financial
Officer, which will include consideration of internal and
external candidates. Mr. Standen, age 41, has served as the
Companys Vice President, Finance and Treasurer since 2016. Prior
to assuming this role, Mr. Standen served as the Companys
Treasurer from 2011 to 2016 and Assistant Treasurer from 2006 to
2011. Prior to joining the Company in 2006, Mr. Standen spent six
years in various finance roles at Kansas City Southern Railway
Officer and Treasurer have not yet been determined. In accordance
with Instruction 2 of Item 5.02 of Form 8-K, the Company will
amend this Current Report on Form 8-K within four business days
after such information is determined or becomes available.
the resignation of Mr. Linehan and appointment of Mr. Standen as
Interim Chief Financial Officer and Treasurer. A copy of the
press release is attached as Exhibit 99.1 and incorporated by
being furnished and shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act), or otherwise subject to the liabilities of
that section, or incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act,
except as shall be expressly set forth by specific reference in
Press Release issued by Compass Minerals International,
Inc. on April 25, 2017.
About Compass Minerals International, Inc. (NYSE:CMP)
Compass Minerals International, Inc. is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition. The salt segment mines, produces, processes, distributes and markets sodium chloride and magnesium chloride in North America and sodium chloride in the United Kingdom. The salt segment products include rock salt, mechanically evaporated and solar evaporated salt, and brine and flake magnesium chloride. The plant nutrition segment includes sales of SOP and micronutrients. It sells micronutrient products under Wolf Trax brand. Its SOP product is marketed under the brand name Protassium+. The Company operates over 10 production and packaging facilities, including the rock salt mines in Goderich, Ontario, Canada, and in the United Kingdom in Winsford, Cheshire. Compass Minerals International, Inc. (NYSE:CMP) Recent Trading Information
Compass Minerals International, Inc. (NYSE:CMP) closed its last trading session down -0.05 at 67.55 with 294,234 shares trading hands.