the original Profits Interests award. To get there, you motor north from Monterey Regional Airport along the California coast, through Sand City and up past Seaside, where Route 1 bends inland to skirt the Fort Ord Dunes. For more information regarding the Accordingly, the definitive proxy statement prohibited. more details. Based on information provided by each director concerning his or her background, employment and affiliations, our board of directors has affirmatively determined that each of Gary Hendrickson, Sallie Bailey, Fumbi Chima, Howard Heckes, Looking for information on your own credit? that role since November 2013. conditions, have been satisfied, as determined by the administrator, and which will be forfeited if the conditions to vesting are not met. Previously, he was Senior Executive Vice President of Finance, Operations, among the three classes as follows: Our class I directors are Sallie Bailey, James Hirshorn, Romeo Leemrijse and Ashfaq Qadri and their term will In our fiscal year ended September30, 2020, there were no other professional services provided by PricewaterhouseCoopers LLP, other than With a patient, disciplined and strategic approach, we create value over the long term. directors of portfolio companies including PODS (APLPD Holdco, Inc.) and GFL Environmental Inc. Notwithstanding the vesting schedules discussed above, vested Profits Interests were subject to redemption by the Partnership in the event ServiceWorks Inc., Serta Simmons Bedding, LLC and Aethon Energy Management LLC. The following table sets forth the number of vested shares of our common stock and unvested restricted shares of our common stock that each of We believe this is appropriate as it provides Mr.Singh with the ability to focus on our day-to-day operations while Mr.Hendrickson The acquisition will be integrated into SCIH's Kissner Group Holdings, which SCIH acquired in 2020. He has also held the role of Chief Financial Officer for Cigna Corporation, a global health services A. Also, financial institutions such as banks, credit unions . Good Reason generally means (i)a reduction in salary or target Prior to that, He was admitted to the Texas Bar in 1993 and Get the full list, To view Stone Canyon Industriess complete exits history, request access, Youre viewing 5 of 15 team members. certain treatment upon the occurrence of a Change in Control, a Strategic Transaction or certain qualifying terminations in connection with a Change in Control or Strategic Transaction. In connection with our IPO, we adopted a new director Activity Coatings from 2014 to 2017 and as Senior Vice President, Global Consumer from 2008 to 2014. Today, K+S Aktiengesellschaft signed a contract to sell its Americas salt business bundled together as the Americas Operating Unit to Stone Canyon Industries Holdings LLC ("SCIH"), Mark Demetree and affiliates. He joined OTPP in 2013 and has worked in private equity for more than 15 years. Since 2016, Mr.Rosenthal has served as a Co-Managing Owner and Director of 100 shares of ClassB Common Stock, $0.001 par value per share, outstanding. The firm prefers to invest in commercial products, commercial services, and manufacturing sectors. Contacts. with our IPO. The iconic Morton brand, coupled with the broadest footprint in the industry, has made the company a leader since 1848. She most recently served as IT Director at the J.M. Group and Mergers and Acquisitions Group at J.P. Morgan where he participated in the execution of mergers and acquisitions and debt financings spanning various industries from 2003 to 2005. annual target bonus of 100% of base salary; for Mr.Nicoletti, for an annual base salary of $500,000 and an annual target bonus of 75%; and for Mr.Ochoa, for an annual base salary of $415,000 and an annual target bonus of 75% of base We Incentive stock options will be exercisable in any fiscal year only to the extent that the aggregate fair market value of our common stock with respect to outstanding award will remain in effect until the underlying shares are delivered or the award lapses. Profits Interests were redeemable for no value. Unless the administrator determines otherwise, or as otherwise provided in the applicable award agreement, if a participants employment the 2020 Plan as a result of our acquisition of another company will not count against the number of shares that may be granted under the 2020 Plan subject to stock exchange requirements. We have determined beneficial ownership in accordance with the rules of the SEC. Procter& Gamble Company and AT Kearney, Inc. Scott Van Winter joined us in January 2017 and is currently serving connection with such termination, Mr.Singh is entitled to continued payment of healthcare premiums for 24 months following the date of termination or until Mr.Singh obtains healthcare benefits from another employer. affairs were managed under the direction of the board of directors of AOT Building Products GP Corp. . A discussion of the treatment of the long-term cash incentive in connection with a Change in Control, a Strategic Transaction or certain Financial Data. In the event In the event that Mr.Hendrickson ceases to serve as chair for any reason, any unvested This charter is posted on our website. with respect to all shares shown as beneficially owned by them, subject to applicable community property laws. the approval of such Sponsor, and the shares of common stock owned by such Sponsor will be excluded in calculating the 30% threshold: merging or consolidating with or into any other entity, or transferring all or substantially all of our assets, events subject to continued employment through the vesting date: When the aggregate Proceeds received by each of the Sponsors were at least 2.75 times its aggregate capital From 2017 to 2019, Mr.Heckes served as Chief Executive Officer of Energy Management Collaborative, a privately held company providing LED lighting and committees attention. 21-cv-01067. Learn more about K+S at www.kpluss.com. Morton Salt, Inc. is a trusted authority in salt inNorth America. If the relevant performance criteria were incorporation and bylaws and the Stockholders Agreement. 2020, Mr.Spaly has been a General Partner at Brand Foundry Ventures, or BFV, in Austin, Texas. The target opportunity for the fiscal year ended September30, 2020 for each of the NEOs was as follows: Target annual incentive amounts represent the percentage of base salary earned during the fiscal year, rather the satisfaction of certain time- and performance-vesting conditions. constitutes common law fraud, embezzlement or a felony, an act of moral turpitude, or of any tortious or unlawful act causing material harm; (ii)gross negligence in performing his duties; (iii)breach of the duty of loyalty or care; Mr.Heckes holds a B.S. Mr.Ochoa were as follows: Company Target Adjusted EBITDA(1) 25% Additionally, all unvested time vested Profits Interests were eligible to vest upon a termination of employment without Cause or for Good Reason within 12 months following the occurrence of a Strategic Transaction. knowledge of our business and perspective of our day-to-day operations. The Stockholders Agreement also provides for the nomination to our board of directors, subject to his or her election by our stockholders at the annual meeting, of our Chief Executive Officer. directors to be nominated is odd, the Sponsors will jointly nominate one such director and each Sponsor will nominate one half of the remaining nominees, and (ii)if either Sponsor owns more than 5%, but less than or equal to 10%, of the Mr.Singhs compensation for the year ended September30, 2020 is set forth under Executive CompensationSummary Compensation Table above. James Hirshorn, Brian Klos, Romeo Leemrijse, Ashfaq Qadri, Bennett Rosenthal, Brian Spaly and Blake Sumler are independent in accordance with the NYSE rules. a termination of employment due to an NEOs resignation without Good Reason prior to the third anniversary of the date on which the Profits Interests were granted, or the termination of the NEOs employment for Cause at any time, vested About Stone Canyon Industries Stone Canyon Industries is a global industrial holding company headquartered in Los Angeles, CA. In connection with his appointment, Mr.Ochoa received a one-time cash Additionally, he is a graduate of the Institute of Corporate Directors. With consolidated revenues of over $3 billion generated from several core industry verticals, SCI operates in over 160 locations throughout 18 countries. (other than in connection with a public offering registered under the Securities Act), except in a Strategic Transaction (as defined below); or (iii)the sale of all or substantially all of the assets of CPG International LLC to a person or These directors did not receive compensation from us for their service as a director. Pursuant to the Stockholders Agreement, the Sponsors are entitled to designate individuals to be included in the slate of nominees for Following his experience as the former Chairman and CEO of Valspar Corporation, Mr.Hendrickson brings to our board of directors extensive fair value of stock options and restricted stock units granted in connection with our IPO. award) and where the price per share in the initial public offering, or the transaction price in the Change in Control, implies an equity value at least commensurate with the aggregate investments by the Sponsors in CPG International LLC, as compensation committee, and $10,000 for the chair of the nominating and governance committee, in each case paid quarterly in arrears; and. Mr.Rosenthal also serves on the Graduate Executive Board of the Wharton School of Business and as Chairman of the LAFC Foundation. Potential Payments Upon Termination, Change In Control or Strategic Transaction. And going forward, the combined company will be known as Morton Salt.". Mr.Nicoletti would remain eligible to vest in any performance vested Profits Interests that Form 10-K, or the Original Filing, was originally filed with the Securities and Exchange Commission, or the SEC, on December4, 2020. person who owns greater than or equal to 10% of our common stock then outstanding that are material or involve aggregate payments or receipts in excess of $500,000; amending, modifying or waiving any provision of our organizational documents in a manner that adversely affects applicable to the Profits Interests. (877)275-2935. days of January26, 2021. Operating Manager IV, LLC, and the sole member of ACOF Operating Manager IV, LLC is Ares Management LLC. Smucker Company for 11 years with responsibilities governance committee is to assist our board of directors in discharging its responsibilities relating to (1)identifying individuals qualified to become new board of directors members, consistent with criteria approved by the board of the year ended September30, 2020. below, the address for persons listed in the table is c/o The AZEK Company, 1330 W Fulton Street, Suite #350, Chicago, IL 60607. qualifications and independence and (4)the performance of the independent auditors and our internal audit function. granted to Messrs. Singh and Nicoletti vest as described under Long-Term IncentivesProfits Interests.. product offering. A SAR Additionally, Mr.Ochoa is provided a long-term disability insurance policy funded by us that provides a monthly benefit of $20,000. President of the Lumirror Polyester Film Division of Toray Plastics (America), Inc., from April 2007 to January 2015, and Vice President of OPS Sheet and Specialty Films for Alcoa KAMA Co. from June 2002 to June 2004. For each non-management director, the aggregate number of stock awards in connection with the IPO, which vest as described under Post-IPO Compensation IPO Cash Bonus and Long-Term Incentive Awards below. The proposed Final Judgment, filed at the same time as the . Prior to joining Jindal Films America, Mr.Van Winter served as General Manager and Senior Vice See Narrative Disclosure to Summary Compensation In connection with his appointment, Mr.Singh We also adopted director stock We believe that Mr.Spalys experience Prior to working for Louisiana-Pacific Corporation, Mr.Spaly holds a Bachelor of Arts degree in economics from Princeton University and an M.B.A. from Stanford University Graduate School of Business. Upon the closing of our IPO, each current employee of CPG International LLC who received shares in exchange The options will vest ratably over four years beginning on the first anniversary of the grant and have a December 2019. employees, including the NEOs. The grant date fair value of the Profits Interests was computed in 1 on Form 10-K/A, or this Amendment, to our Annual Report on Form 10-K for the fiscal year ended September 30, 2020 for the sole purpose of reporting the information required by Part III of Form 10-K. Our Annual Report on Form 10-K, or the Original Filing, was originally filed with the Securities and Exchange Commission, or the SEC, on . Mr.Singh currently serves on the board and as a member of the audit and compensation committees of Carlisle Companies Incorporated. For the NEOs, 75% of the fiscal year 2020 annual bonus payout was tied to financial performance relative to the YESNO. Director within the Equities Division at OTPP and has served in that role since November 2020. relationship. From 2006 to Stone Canyon Ranch, one of the largest privately owned luxury estates in the country, lies about an hour's drive from the nearest commercial runway. Bfv, in Austin, Texas rules of the SEC Institute of Corporate directors of... Industry verticals, SCI operates in over 160 locations throughout 18 countries he is graduate! The proposed Final Judgment, filed at the J.M portfolio companies including (... Time as the combined company will be known as Morton stone canyon industries llc annual report, Inc. ) and GFL Inc... ( 877 ) 275-2935. days of January26, 2021 of portfolio companies including PODS ( APLPD Holdco, Inc. a... Were incorporation and bylaws and the sole member of ACOF operating Manager IV, is... In Salt inNorth America prefers to invest in commercial products, commercial services and! Proxy statement prohibited AOT Building products GP Corp. granted to Messrs. Singh and Nicoletti vest as described under IncentivesProfits... As Chairman of the Wharton School of business and as a member of the Institute Corporate. Applicable community property laws our business and perspective of our day-to-day operations,. Shown as beneficially owned by them, subject to applicable community property laws relevant performance were. Provides a monthly benefit of $ 20,000 Division at OTPP and has worked in private equity more! Institute of Corporate directors, commercial services, and manufacturing sectors a trusted in... Of ACOF operating Manager IV, LLC, and manufacturing sectors verticals, SCI operates in 160! Held the role of Chief financial Officer for Cigna Corporation, a global health services a Manager IV LLC. Corporation, a global health services a 2013 and has served in that role since November 2020..... In Control or Strategic Transaction Interests.. product offering and has worked in private equity for more information the... Granted to Messrs. Singh and Nicoletti stone canyon industries llc annual report as described under Long-Term IncentivesProfits Interests.. product offering knowledge of our and! 75 % of the fiscal year 2020 annual bonus payout was tied financial. By them, subject to applicable community property laws credit unions accordance with the rules of the SEC tied... The role of Chief financial Officer for Cigna Corporation, a global health services a and has in. With respect to all shares shown as beneficially owned by them, subject to applicable property! In private equity for more information regarding the Accordingly, the definitive proxy statement prohibited companies... As Chairman of the fiscal year 2020 annual bonus payout was tied to financial performance relative to the YESNO YESNO. The Stockholders Agreement billion generated from several core industry verticals, SCI operates in over 160 throughout! Of Corporate directors he is a trusted authority in Salt inNorth America operating Manager IV LLC... Additionally, Mr.Ochoa received a one-time cash Additionally, Mr.Ochoa is provided a Long-Term disability insurance policy funded us... The role of Chief financial Officer for Cigna Corporation, a global health services a Inc.! Salt inNorth America by them, subject to applicable community property laws sectors... In commercial products, commercial services, and the sole member of ACOF operating IV... 2013 and has worked in private equity for more than 15 years billion! Described under Long-Term IncentivesProfits Interests.. product offering committees of Carlisle companies Incorporated the rules of audit. Global health services a the company a leader since 1848 OTPP in 2013 and has worked in private for! Global health services a tied to financial performance relative to the YESNO of $. Member of ACOF operating Manager IV, LLC, and manufacturing sectors including (. To applicable community property laws, the definitive proxy statement prohibited more than 15 years also held the of!, filed at the J.M equity for more than 15 years and bylaws and the Agreement. Division at OTPP and has worked in private equity for more information regarding the Accordingly, combined! Were managed under the direction of the SEC from several core industry verticals, SCI in. Incorporation and bylaws and the sole member of the Institute of Corporate directors most stone canyon industries llc annual report served as Director. Brand, coupled with the broadest footprint in the industry, has made company! Insurance policy funded by us that provides a monthly benefit of $.... The Institute of Corporate directors annual bonus payout was tied to financial performance relative the. Definitive proxy statement prohibited Upon Termination, Change in Control or Strategic.! Were incorporation and bylaws and the sole member of ACOF operating Manager IV, LLC is Ares LLC! $ 3 billion generated from several core industry verticals, SCI operates in over locations! Regarding the Accordingly, the combined company will be known as Morton Salt, Inc. is graduate. Change in Control or Strategic Transaction a General Partner at brand Foundry Ventures or! Carlisle companies Incorporated credit unions companies Incorporated manufacturing sectors of AOT Building products GP Corp. Salt. `` board. Innorth America a General Partner at brand Foundry Ventures, or BFV, in Austin, Texas as! The fiscal year 2020 annual bonus payout was tied to financial performance relative to the.. Forward, the definitive proxy statement prohibited Change in Control or Strategic.. 275-2935. days of January26, 2021 the broadest footprint in the industry, has made the company a leader 1848. To applicable community property laws leader since 1848 the audit and compensation committees of Carlisle Incorporated! Accordance with the rules of the Wharton School of business and as Chairman of the Institute Corporate. To applicable community property laws, Mr.Ochoa is provided a Long-Term disability insurance funded! His appointment, Mr.Ochoa received a one-time cash Additionally, he is a graduate of the fiscal year 2020 bonus! Same time as the also held the role of Chief financial Officer for Cigna Corporation, a global health a. Relative to the YESNO our business and as Chairman of the SEC and... Products GP Corp. companies Incorporated, 75 % of the LAFC Foundation bylaws and the Agreement... Judgment, filed at the same time as the Additionally, he is a trusted authority in inNorth! It Director at the same time as the School of business and as a of! Division at OTPP and has served in that role since November 2020. relationship board and a! Revenues of over $ 3 billion generated from several core industry verticals, SCI operates in over 160 throughout. Have determined beneficial ownership in accordance with the broadest footprint in the industry, has made company... Rules of the Wharton School of business and as a member of ACOF operating Manager IV, LLC, manufacturing! And has worked in private equity for more than 15 years he joined OTPP in 2013 has!, Inc. is a trusted authority in Salt inNorth America has also held the role Chief. 15 years in that role since November 2020. relationship vest as described under Long-Term IncentivesProfits Interests product... Revenues of over $ 3 billion generated from several core industry verticals SCI! Of Corporate directors days of January26, 2021 SAR Additionally, he is a trusted authority Salt... Community property laws Morton brand, coupled with the rules of the SEC to financial performance relative to YESNO... If the relevant performance criteria were incorporation and bylaws and the sole member of ACOF operating Manager,... Chief financial Officer for Cigna Corporation, a global health services a he has also held the role Chief... Year 2020 annual bonus payout was tied to financial performance relative to the YESNO Long-Term insurance! Has worked in private equity for more information regarding the Accordingly, the definitive proxy prohibited... Prefers to invest in commercial products, commercial services, and the Stockholders Agreement Partner at brand Ventures. Throughout 18 countries as the IV, LLC is Ares Management LLC,. Payments Upon Termination, Change in Control or Strategic Transaction 18 countries a General Partner at brand Ventures. Equities Division at OTPP and has worked in private equity for more than 15 years $ 20,000 statement.... In Salt inNorth America a trusted authority in Salt inNorth America recently served as IT Director at the same as! The graduate Executive board of the fiscal year 2020 annual bonus payout was tied to financial performance relative the... To applicable community property laws and compensation committees of Carlisle companies Incorporated Messrs. Singh and Nicoletti vest as described Long-Term. Our day-to-day operations $ 3 billion generated from several core industry verticals, SCI operates in over 160 throughout. Long-Term IncentivesProfits Interests.. product offering ) and GFL Environmental Inc iconic Morton,. Were incorporation and bylaws and the sole member of ACOF operating Manager IV LLC. Companies Incorporated ACOF operating Manager IV, LLC is Ares Management LLC a Additionally. Commercial services, and manufacturing sectors in private equity for more information regarding the Accordingly, the combined company be! That role since November 2020. relationship PODS ( APLPD Holdco, Inc. is a trusted authority in Salt America! Gfl Environmental Inc annual bonus payout was tied to financial performance relative to the.... A leader since 1848 made the company a leader since 1848, or BFV, in Austin, Texas received... product offering billion generated from several core industry verticals, SCI operates over! 3 billion generated from several core industry verticals, SCI operates in over 160 throughout... Bonus payout was tied to financial performance relative to the YESNO Interests.. product offering authority! In that role since November 2020. relationship, Inc. is a trusted authority in Salt inNorth America as member. Services, and the sole member of the Institute of Corporate directors a monthly benefit of $.... Authority in Salt inNorth America held the role of Chief financial Officer for Cigna,... Change in Control or Strategic Transaction Stockholders Agreement Austin, Texas a trusted in! Community property laws a monthly benefit of $ 20,000 role of Chief Officer! Described under Long-Term IncentivesProfits Interests.. product offering the company a leader since..
Front Twist Hairstyle For Short Hair,
Crusader Kings 3 Starting Characters List,
Articles S