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

ME Staff 8-k
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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.

Effective February 1, 2017, the Board of Directors (the Board) of
Compass Minerals International, Inc. (the Company) increased the
size of the Board from eight directors to nine directors and
appointed Valdemar L. Fischer as a Class II director with a term
expiring at the Companys 2017 annual meeting of stockholders. Mr.
Fischer is an independent director and will serve on the Audit
Committee of the Board and the Compensation Committee of the
Board.
As a non-employee director, Mr. Fischer will be entitled to
receive the same compensation as the Companys other non-employee
directors, as described in the Summary of Non-Employee Director
Compensation, which is attached as Exhibit 10.1 to this Current
Report on Form 8-K, and in accordance with the Companys
Non-Employee Director Compensation Policy, which is attached as
Exhibit 10.2 to this Current Report on Form 8-K. Mr. Fischer and
the Company have entered into the Companys standard form of
indemnification agreement.
There is no arrangement or understanding between Mr. Fischer and
any other person to which Mr. Fischer was appointed as a
director. Furthermore, there are no transactions between Mr.
Fischer (or any member of his immediate family)and the Company
(or any of its subsidiaries) that would be required to be
reported under Item 404(a) of Regulation S-K.
The Company issued a press release announcing Mr. Fischers
appointment to the Board on February 2, 2017. A copy of the press
release is attached as Exhibit 99.1 and incorporated by reference
herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Exhibit Description
10.1
Summary of Non-Employee Director Compensation, as of
January 1, 2017.
10.2
Non-Employee Director Compensation Policy, effective
January 1, 2017.
99.1
Press Release issued by Compass Minerals International,
Inc. on February 2, 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 00.00 at 81.85 with 377,052 shares trading hands.