---
schema_version: "secwatch.filing_event.v1"
accession: "0001227654-24-000148"
form_type: "8-K"
ticker: "CMP"
cik: "0001227654"
company_name: "COMPASS MINERALS INTERNATIONAL INC"
filed_at: "2024-07-03T23:59:59+00:00"
generated_at: "2026-05-31T23:27:04.067711+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Compass Minerals restates FY2023 and H1 FY2024 financials due to milestone liability errors

## Summary
- Audit committee determined Q3 FY2023, FY2023 annual, Q1 and Q2 FY2024 financials should no longer be relied upon.
- Misstatements due to failure to factor option value of share settlement in Fortress milestone contingent consideration liability (up to $28M).
- Preliminary adjustments include $8.0M goodwill reduction, $7.5M operating loss increase in FY2024 Q2, and $0.2M operating earnings increase in FY2023 Q4.
- Non-GAAP Adjusted EBITDA understated by $1.1M in Q1 FY2024 and $9.0M in Q2 FY2024; material weaknesses expected.

## SEC filing metadata
- accession: 0001227654-24-000148
- form_type: 8-K
- ticker: CMP
- cik: 0001227654
- company_name: COMPASS MINERALS INTERNATIONAL INC
- filed_at: 2024-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227654/000122765424000148/0001227654-24-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227654/000122765424000148/cmp-20240628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001227654-24-000148
- JSON: https://secwatch.observer/filing/0001227654-24-000148.json
- Plain text: https://secwatch.observer/filing/0001227654-24-000148.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.