Compass Minerals names Edward Dowling Jr. as CEO, replacing Kevin Crutchfield

COMPASS MINERALS INTERNATIONAL INC

Kevin Crutchfield steps down as President, CEO and board member effective Jan. 17, 2024; will consult through Sep. 30, 2024 at $22,500/month.
Edward C. Dowling Jr. appointed President and CEO effective Jan. 18, 2024; will remain on board.
Dowling's employment agreement provides $1M annual base salary, target bonus of 130% of salary, and $350K signing bonus.
Dowling receives FY2024 equity award valued at 350% of base salary (60% PSUs, 40% RSUs).
Board cites focus on cost reduction, free cash flow and sustained value generation under new CEO.

item 5.02 item 9.01

Executive movements

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Departed

Kevin Crutchfield

President, Chief Executive Officer and member of the Board

CMP · COMPASS MINERALS INTERNATIONAL INC

Effective: 2024-01-17
Successor: Edward C. Dowling Jr.
Filed: January 16, 2024, 6:59 PM ET

Mr. Crutchfield will cease to serve as President, Chief Executive Officer and as a member of the Board, effective January 17, 2024.

Appointed

Edward C. Dowling Jr.

President and Chief Executive Officer

CMP · COMPASS MINERALS INTERNATIONAL INC

Effective: 2024-01-18
Filed: January 16, 2024, 6:59 PM ET

the Board appointed Edward C. Dowling, Jr. as the Company’s President and Chief Executive Officer, effective January 18, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Crutchfield resigned as President, Chief Executive Officer and member of the Board at COMPASS MINERALS INTERNATIONAL INC.

Action: resigned
Role: President, Chief Executive Officer and member of the Board

Exact text from the filing

Mr. Crutchfield will cease to serve as President, Chief Executive Officer and as a member of the Board, effective January 17, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward C. Dowling Jr. was appointed as President and Chief Executive Officer at COMPASS MINERALS INTERNATIONAL INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board appointed Edward C. Dowling, Jr. as the Company’s President and Chief Executive Officer, effective January 18, 2024

View on SEC.gov

COMPASS MINERALS INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001140361-24-002353

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