Bradley A. Pearce changed role as Chief Accounting Officer at Koppers Holdings Inc..
“Bradley A. Pearce, interim Chief Financial Officer and Treasurer and Chief Accounting Officer, will return to his previous role as the Company’s Chief Accounting Officer, effective May 26, 2026.”
Eric D. Brenner was elected as Chief Financial Officer and Treasurer at Koppers Holdings Inc..
“Eric D. Brenner has been elected by the Company’s Board of Directors (the “Board”) as the Company’s Chief Financial Officer and Treasurer, in which position he will serve as the Company’s principal financial officer, effective May 26, 2026.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Ratification of the appointment of KPMG LLP as our independent registered public accounting firm for 2026.
“Ratification of Appointment of KPMG LLP: The Audit Committee of our Board of Directors appointed KPMG LLP as our independent registered public accounting firm for fiscal year 2026.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Advisory resolution to approve named executive officer compensation.
“Advisory Resolution to Approve Named Executive Officer Compensation: The advisory resolution approving the compensation of our named executive officers as disclosed in the Notice of Annual Meeting and Proxy Statement for the 2026 Annual Meeting was approved.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Approval of the First Amendment to the Koppers Holdings Inc. Amended and Restated Employee Stock Purchase Plan.
“Approval of the First Amendment to the Koppers Holdings Inc. Amended and Restated Employee Stock Purchase Plan: The proposal to approve the First Amendment to the Koppers Holdings Inc. Amended and Restated Employee Stock Purchase Plan was approved.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Election of eight persons to serve on our Board of Directors.
“Election of Directors: Nominations of Leroy M. Ball, Xudong Feng, Ph.D., Traci L. Jensen, David L. Motley, Laura J. Posadas, Andrew D. Sandifer, Nishan J. Vartanian and Sonja M. Wilkerson to serve as directors for one-year terms expiring in 2027 were considered, and all nominees were elected.”
Earnings Releases
Koppers Holdings Inc. reported first quarter of 2026 results: revenue Sales of $455.3 million, net income Net income (loss) of $7.1 million, EPS Diluted EPS of $0.35.
“McGuireQT@koppers.com Koppers Holdings Inc. 436 Seventh Avenue Pittsburgh, PA 15219-1800 Tel 412 227 2001 www.koppers.com KOPPERS REPORTS FIRST QUARTER 2026 RESULTS • Sales of $455.3 million vs. $456.5 million in Prior Year Quarter • Net income (loss) of $7.1 million vs. $(13.9) million in Prior Year Quarter • Diluted EPS of $0.35 vs. $(0.68) in Prior Year Quarter •”
Restructurings & Charges
Koppers Holdings Inc. announced a restructuring with charges of $227 million to $262 million affecting Stickney, Illinois facility (approximately 85 employees).
“potentially appropriate uses for the Stickney facility following the end of production activities. The Company expects this action to result in pre-tax charges to earnings of $227 million to $262 million through the end of 2029, approximately $170 million to $195 million of which constitutes non-cash charges and approximately $57 million to $67 million of which”
Restructurings & Charges
Koppers Holdings Inc. announced a restructuring with charges of $4 million to $5 million.
“The Company estimates pre-tax restructuring charges, employee severance charges and related benefit costs for actions associated with the workforce reduction program to be in the range of $4 million to $5 million, which the Company anticipates will result in future cash expenditures of approximately $1 million.”
James A. Sullivan was elected as President and Chief Transformation Officer at Koppers Holdings Inc..
“James A. Sullivan has been elected President and Chief Transformation Officer of Koppers Holdings Inc. (the “Company”) and Koppers Inc. (“KI” and, together with the Company, “Koppers”), effective June 1, 2025.”
Earnings Releases
Koppers Holdings Inc. reported first quarter of 2024 results: revenue $497.6 million, net income $13.0 million, EPS $0.59 per diluted share. Guidance reaffirmed.
“McGuireQT@koppers.com Koppers Reports First Quarter 2024 Results; Provides Updated 2024 Outlook Completed Acquisition of Brown Wood Preserving Company First Quarter Sales of $497.6 Million vs. $513.4 Million in Prior Year Quarter First Quarter Diluted EPS of $0.59 vs. $1.19 in Prior Year Quarter Adjusted EPS of $0.62 vs. $1.12 in Prior Year Quarter PITTSBURGH, May”
Governance Changes
Koppers Holdings Inc.: Bylaws amended to add Section 5.10 allowing exculpation of officers from monetary damages under certain conditions, effective May 2, 2024 (effective 2024-05-02).
“As a result of the shareholders' approval of the Officer Exculpation Proposal, effective May 2, 2024, the Bylaws were amended to add Section 5.10, which provides that our officers shall not be personally liable, as such, for monetary damages for any action taken, or any failure to take any action, unless (i) the officer has breached or failed to perform the duties of an officer under Subchapter C of Chapter 17 of the Pennsylvania Associations Code of 1988, and (ii) the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Ratification of Appointment of KPMG LLP at the 2024-05-02 meeting.
“Ratification of Appointment of KPMG LLP : The Audit Committee of our Board of Directors appointed KPMG LLP as our independent registered public accounting firm for the year 2024. The final voting results to ratify the appointment of KPMG LLP are as follows: For Against Abstain 19,671,453 265,015 56,050 There were no broker non-votes with respect to this matter.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Advisory Resolution to Approve Named Executive Officer Compensation at the 2024-05-02 meeting.
“Advisory Resolution to Approve Named Executive Officer Compensation : The advisory resolution approving the compensation of our named executive officers as disclosed in the Notice of Annual Meeting and Proxy Statement for the 2024 Annual Meeting was approved.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Amendment to the Bylaws to Allow for Exculpation of Officers at the 2024-05-02 meeting.
“Amendment to the Bylaws to Allow for Exculpation of Officers : The proposal to adopt an amendment to the Bylaws to allow for exculpation of officers as permitted by Pennsylvania law was approved.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Election of ten directors at the 2024-05-02 meeting.
“Election of Directors : Nominations of Leroy M. Ball, Xudong Feng, Ph.D., Traci L. Jensen, David L. Motley, Albert J. Neupaver, Andrew D. Sandifer, Louis L. Testoni, Stephen R. Tritch, Nishan J. Vartanian and Sonja M. Wilkerson to serve as directors for one-year terms expiring in 2025 were considered, and all nominees were elected.”
Debt Financings
Koppers Holdings Inc. amended credit facility at reduces the interest rate margins applicable to the Term Loan B Facility by 50 b.
“effectively reduces the interest rate margins applicable to the Term Loan B Facility by 50 basis points from 3.50 percent with a floor of 50 basis points (0.50 percent) to 3.00 percent with a floor of 50 basis points (0.50 percent), in the case of adjusted Term SOFR Rate or adjusted Daily Simple SOFR loans, and from 2.50 percent with a floor of 1.50 percent to 2.00 percent with a floor of 1.50 percent, in the case of alternate base rate loans; and (iii) removes the credit spread adjustment of 10 basis points (0.10 percent) for the Term Loan B Facility”
Debt Financings
Koppers Holdings Inc. incurred term loan of $100,000,000 with PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent at adjusted Term SOFR Rate or adjusted Daily Simple SOFR loans at 3.00 percent with.
“provides for the incurrence of incremental term loans in an aggregate principal amount of $100,000,000 to be used for general corporate purposes, thereby increasing the aggregate principal amount of the term loan facility to $497,005,000 (the “Term Loan B Facility”)”
Material Agreements
Koppers Holdings Inc. amended Amendment No. 3 with PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent valued at $100,000,000 (effective 2024-04-12).
“On April 12, 2024 (the “Closing Date”), Koppers Inc. (“Koppers” or the “Company”), a wholly-owned subsidiary of Koppers Holdings Inc. (“Holdings”), entered into Amendment No. 3 (“Amendment No. 3”) to the Credit Agreement, dated June 17, 2022, with Holdings, certain lenders and letter of credit issuers, PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent (as amended by that certain Amendment No. 1, dated April 10, 2023 and that certain Amendment No. 2, dated October 11, 2023, the “Credit Agreement”).”
Nishan J. Vartanian was elected as director at Koppers Holdings Inc..
“On February 13, 2024, the Board of Directors of Koppers Holdings Inc. (the “Company”) increased the size of the Board of Directors (the “Board”) from nine to ten directors and elected Nishan J. Vartanian as a director of the Company.”
James A. Sullivan was elected as President and Chief Operating Officer at Koppers Holdings Inc..
“On January 1, 2024, Koppers Holdings Inc. (the “Company”) elected James A. Sullivan as President and Chief Operating Officer of the Company and Koppers Inc. (“KI” and, together with the Company, “Koppers”).”
Debt Financings
Koppers Holdings Inc. amended term loan of $399,000,000 with PNC Bank, National Association at 3.50% with a floor of 50 basis points (0.50%), in the case of adjusted Term SOFR maturing April 10, 2030.
“Amendment No. 2 reduces the interest rate margins applicable to the $399,000,000 senior secured term loan facility under the Credit Agreement (the “Term Loan B”) by 50 basis points from 4.00% with a floor of 50 basis points (0.50%) to 3.50% with a floor of 50 basis points (0.50%), in the case of adjusted Term SOFR Rate or adjusted Daily Simple SOFR loans, and from 3.00% with a floor of 1.50% to 2.50% with a floor of 1.50%, in the case of alternate base rate loans.”
Material Agreements
Koppers Holdings Inc. amended Amendment No. 2 to the Credit Agreement with Koppers Inc., Koppers Holdings Inc., certain lenders and letter of credit issuers, PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent (effective 2023-10-11).
“On October 11, 2023 (the “Closing Date”), Koppers Inc. (“Koppers” or the “Company”), a wholly-owned subsidiary of Koppers Holdings Inc. (“Holdings”), entered into Amendment No. 2 (“Amendment No. 2”) to the Credit Agreement, dated June 17, 2022, with Holdings, certain lenders and letter of credit issuers, PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent (as amended by that certain Amendment No. 1, dated April 10, 2023, the “Credit Agreement”).”
Governance Changes
Koppers Holdings Inc.: Adopted amendment and restatement of bylaws to update director nomination procedures, reflect changes to the Pennsylvania Associations Code, provide for uncertificated shares, and make technical changes (effective 2023-08-02).
“Also on August 2, 2023, the Board adopted an amendment and restatement of the Company’s Second Amended and Restated Bylaws, as adopted on August 2, 2017, in order to, among other things: (i) update the procedures and disclosure requirements for director nominations made under the Company’s existing advance notice requirements to reflect the U.S. Securities and Exchange Commission’s adoption of Rule 14a-19 under the Securities Exchange Act of 1934, as amended; (ii) make changes to reflect various recent amendments to the Code; (iii) provide that all shares of the Company’s Common Stock will be uncertificated, consistent with the Articles Amendment; and (iv) make other technical and conforming changes.”
Governance Changes
Koppers Holdings Inc.: Adopted amendment to Amended and Restated Articles of Incorporation to provide that all shares of common stock will be uncertificated (effective 2023-08-02).
“On August 2, 2023, the Board of Directors (the “Board”) of Koppers Holdings Inc. (the “Company”) determined that it was in the best interests of the Company and its shareholders to adopt, and did adopt, an amendment (the “Articles Amendment”) to the Company’s Amended and Restated Articles of Incorporation in order to provide that all shares of the Company’s common stock, $0.01 par value (“Common Stock”), will be uncertificated.”
Earnings Releases
Koppers Holdings Inc. reported second quarter 2023 results: revenue $577.2 million, net income $24.5 million, or $1.15 per diluted share, EPS $1.15 per diluted share. Guidance reaffirmed.
“Koppers Reports Second Quarter 2023 Results; Reaffirms 2023 Outlook Record Quarter Sales of $577.2 Million vs. $502.5 Million in Prior Year Quarter Second Quarter Diluted EPS of $1.15 vs. $0.55 in Prior Year Quarter”
Earnings Releases
Koppers Holdings Inc. reported first quarter 2023 results: revenue $513.4 million, net income $25.5 million, EPS $1.19. Guidance reaffirmed.
“Koppers Reports First Quarter 2023 Results; Reaffirms 2023 Outlook Record First Quarter Sales of $513.4 Million vs. $459.3 Million in Prior Year Quarter Record First Quarter Diluted EPS of $1.19 vs. $0.87 in Prior Year Quarter Adjusted EPS of $1.12 vs. $0.91 in Prior Year Quarter PITTSBURGH, May 5, 2023 – Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported net income attributable to Koppers for the first quarter of 2023 of $25.5 million, or a first-quarter record of $1.19 per diluted share, compared to $18.8 million, or $0.87 per diluted share, in the prior year quarter.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for 2023 at the 2023-05-04 meeting.
“Ratification of Appointment of KPMG LLP : The Audit Committee of the Company’s Board of Directors appointed KPMG LLP as our independent registered public accounting firm for the year 2023. The final voting results to ratify the appointment of KPMG LLP are as follows: For Against Abstain 19,055,764 168,522 55,105 There were no broker non-votes with respect to this matter.”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Advisory resolution to approve the frequency of future advisory votes on named executive officer compensation at the 2023-05-04 meeting.
“Advisory Resolution to Approve the Frequency of Future Advisory Votes on Named Executive Officer Compensation : On the advisory resolution to approve the frequency of future advisory votes on named executive officer compensation, the Company’s shareholders recommend that such votes be held annually as follows: For 1 Year For 2 Years For 3 Years Abstain Broker Non-Votes 17,034,489 4,649 981,000 45,263 1,213,990”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Advisory resolution to approve named executive officer compensation at the 2023-05-04 meeting.
“Advisory Resolution to Approve Named Executive Officer Compensation : The advisory resolution approving the compensation of the named executive officers of the Company as disclosed in the Notice of Annual Meeting and Proxy Statement for the 2023 Annual Meeting was approved. The final voting results are as follows: For Against Abstain Broker Non-Votes 17,672,131 368,611 24,659 1,213,990”
Shareholder Votes
Koppers Holdings Inc. shareholders approved Election of nine directors to serve one-year terms expiring in 2024 at the 2023-05-04 meeting.
“Election of Directors : Nominations of Leroy M. Ball, Xudong Feng, Ph.D., Traci L. Jensen, David L. Motley, Albert J. Neupaver, Andrew D. Sandifer, Louis L. Testoni, Stephen R. Tritch and Sonja M. Wilkerson to serve as directors for one-year terms expiring in 2024 were considered, and all nominees were elected. All nominees received a majority of votes cast. The final voting results are as follows: Nominees For Against Abstain Broker Non-Votes Leroy M. Ball 17,790,675 272,834 1,892 1,213,990 Xudong Feng, Ph.D. 17,536,299 525,589 3,513 1,213,990 Traci L. Jensen 17,912,767 143,729 8,905 1,213,990 David L. Motley 17,768,491 287,335 9,575 1,213,990 Albert J. Neupaver 17,594,054 468,358 2,989 1,213,990 Andrew D. Sandifer 17,967,381 88,640 9,380 1,213,990 Louis L. Testoni 17,682,067 380,242 3,092 1,213,990 Stephen R. Tritch 17,724,975 337,418 3,008 1,213,990 Sonja M. Wilkerson 17,759,787 296,746 8,868 1,213,990”
Debt Financings
Koppers Holdings Inc. incurred term loan of $400,000,000 with PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent at adjusted Term SOFR Rate or adjusted Daily Simple SOFR, in each case plus 4.00% w maturing April 10, 2030.
“On April 10, 2023 (the “Closing Date”), Koppers Inc. (“Koppers” or the “Company”), a wholly-owned subsidiary of Koppers Holdings Inc. (“Holdings”), entered into Amendment No. 1 (“Amendment No. 1”) to the Credit Agreement, dated June 17, 2022, with Holdings, certain lenders and letter of credit issuers, PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent (the “Credit Agreement”). Pursuant to Amendment No. 1, the Credit Agreement was amended to, among other things, add a new class of senior secured term loans under the Credit Agreement in an aggregate principal amount of $400,000,000 (the “Term Loan B”).”
Material Agreements
Koppers Holdings Inc. amended Amendment No. 1 with PNC Bank, National Association; Wells Fargo Bank, National Association valued at $400,000,000 (effective 2023-04-10).
“(“Holdings”), entered into Amendment No. 1 (“Amendment No. 1”) to the Credit Agreement, dated June 17, 2022, with Holdings, certain lenders and letter of credit issuers, PNC Bank, National Association, as revolving administrative agent, collateral agent and swingline loan lender, and Wells Fargo Bank, National Association, as term administrative agent (the “Credit Agreement”).”
Andrew D. Sandifer was elected as director at Koppers Holdings Inc..
“On March 20, 2023, the Board of Directors of Koppers Holdings Inc. (the “Company”) increased the size of the Board of Directors (the “Board”) from eight to nine directors and elected Andrew D. Sandifer as a director of the Company.”
Earnings Releases
Koppers Holdings Inc. reported Full Year 2022 results: revenue $1.98 billion.
“Consolidated sales for 2022 were a record $1.98 billion.”
Earnings Releases
Koppers Holdings Inc. reported Fourth Quarter 2022 results: revenue $482.6 million, net income $13.8 million, EPS $0.65 per diluted share.
“today reported net income attributable to Koppers for the fourth quarter of 2022 of $13.8 million, or $0.65 per diluted share, compared to $22.2 million, or $1.01 per diluted share, in the prior year quarter. Adjusted net income attributable to Koppers and adjusted earnings per share (EPS) were $23.0 million and $1.09 per share for the fourth quarter of 2022, compared to $16.9 million and $0.77 per share in the prior year quarter, respectively. Consolidated sales of $482.6 million, which was a quarterly record, increased by $77.3 million, or 19.1 percent, compared with $405.3 million in the prior year.”
Jimmi Sue Smith was appointed as Chief Financial Officer and Treasurer at Koppers Holdings Inc..
“On December 1, 2021, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of Koppers Holdings Inc. (the “Company”) approved certain changes to the compensation of Jimmi Sue Smith in connection with her appointment as Chief Financial Officer and Treasurer of the Company and Koppers Inc., effective January 1, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.