MTI files Chapter 11 plan for BMI OldCo, records $290M charge, proposes $450M talc trust

MINERALS TECHNOLOGIES INC

Files Plan of Reorganization in BMI OldCo Chapter 11 cases per court deadline.
Proposes $450M Talc Personal Injury Trust funded by non-debtor affiliates.
MTI to record $290M charge in Q2 2026 to increase reserve for estimated costs.
Waiver of over $100M in claims against Debtors by non-debtor affiliates.
District Court to decide if BMI OldCo talc contained sufficient asbestos to cause disease.

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