Compass Minerals cuts 10% of workforce, exits Fortress fire retardant business

COMPASS MINERALS INTERNATIONAL INC

Nearly 50 positions eliminated, reducing corporate and Fortress workforce by over 10%.
Fortress North America fire retardant business wound down; all employees terminated.
Expects non-cash impairment on Fortress assets and non-cash gain on elimination of contingent consideration in Q2 FY2025.
Run-rate cost savings estimated at $11M-$13M based on trailing 12 months ended Dec 31, 2024.
Jennifer Hood departs as Chief Supply Chain Officer; Benjamin Nichols named Chief Commercial Officer at $435k base salary.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jennifer Hood

Chief Supply Chain Officer

CMP · COMPASS MINERALS INTERNATIONAL INC

Effective: 2025-03-25
Filed: March 25, 2025, 7:59 PM ET

Effective March 25, 2025, Jennifer Hood ceased to serve as Chief Supply Chain Officer of Compass Minerals International, Inc. (the "Company").

Role change

Benjamin Nichols

Chief Commercial Officer

CMP · COMPASS MINERALS INTERNATIONAL INC

Effective: 2025-03-25
Filed: March 25, 2025, 7:59 PM ET

Effective March 25, 2025, Benjamin Nichols, the Company’s Chief Sales Officer, was appointed the Company’s Chief Commercial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jennifer Hood departed as Chief Supply Chain Officer at COMPASS MINERALS INTERNATIONAL INC.

Action: ceased to serve
Role: Chief Supply Chain Officer

Exact text from the filing

Effective March 25, 2025, Jennifer Hood ceased to serve as Chief Supply Chain Officer of Compass Minerals International, Inc. (the "Company").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Benjamin Nichols was appointed as Chief Commercial Officer at COMPASS MINERALS INTERNATIONAL INC.

Action: appointed
Role: Chief Commercial Officer

Exact text from the filing

Effective March 25, 2025, Benjamin Nichols, the Company’s Chief Sales Officer, was appointed the Company’s Chief Commercial Officer.

View on SEC.gov

COMPASS MINERALS INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001104659-25-027807

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