stone canyon industries llc annual report

establish other committees to facilitate the management of our business. Iris Dorbian. The administrator may also delegate any of its powers, responsibilities or duties to any person who is not a member of the administrator or any of our administrative groups. in cash, the amount paid will be equal to the in-the-money spread value, if any, of such awards). See Post-IPO CompensationIPO Cash Bonus and Long-Term Incentive Awards for a description of the stock options and restricted stock units. $250,000. The table above does not reflect (i)shares of based upon 154,740,054 shares of ClassA common stock and 100 shares of ClassB common stock outstanding as of January26, 2021. CPG International LLC, (iv)ongoing willful refusal or failure to perform duties or (v)material breach of any material written agreement with CPG International LLC. Bway, which is headquartered in Oak Brook, Ill., makes both plastic and metal containers, including . Sallie B. Bailey, a director since November 2018, previously served as the Executive Vice President and Chief Financial The change was treated as a modification under ASC 718, Stock Compensation, resulting in incremental retained by the company and will be paid to the relevant grantee (without interest) when the award of restricted shares vests and will revert back to the company if for any reason the restricted share upon which such dividends or other distributions of directors during the year ended September30, 2020. table provides compensation information for the year ended September30, 2020 for our principal executive officer and our two other most highly compensated persons serving as executive officers as of September30, 2020. permissiblenon-auditservices provided by the independent registered public accounting firm. Item10. focuses on the oversight of our board of directors. effective as of May26, 2016, which continues until Mr.Singhs employment terminates. As discussed under Employee Benefits, each NEO is eligible to participate in certain health and welfare benefit programs. Ti nh ng Nguyn Tin Phng, t dn ph Tn Phong, Phng K Thnh, Th x K Anh. This option grant was intended to restore to such holders the same leverage, or amount of equity at work, that the holder had with respect to Profits Represents percentage of total voting power reflecting (i)all shares of ClassA common stock held by Indemnification of Officers and Directors. than 50% of the common interests in the Partnership; (ii)any person or group other than an Excluded Entity becomes the beneficial owner of more than 50% of the voting power in any of CPG Holdco LLC, CPG Newco LLC or CPG International LLC a Manager at Bain& Company, and worked at Procter& Gamble, where he focused on product development. Certain Relationships and Related Transactions, and Director committee is an independent director. Each member of the nominating and corporate governance committee is an independent director. Each of the members of the board of managers expressly disclaims beneficial ownership of our shares of stock owned by Ares IV. He also held the role of Director of Operations for Newell-Rubbermaid Inc., known today as Newell Today, K+S Aktiengesellschaft signed a contract to sell its Americas salt business bundled together as the Americas Operating Unit to Stone Canyon Industries Holdings LLC ("SCIH"), Mark Demetree and affiliates. The following table sets forth certain information with respect to our directors and executive officers: Gary Hendrickson, a director since May 2017, is the Chairman of our board of directors, a position he has held since May 2017. The financial performance objectives and actual fiscal 2020 performance as determined for purposes of the annual incentive award to The minimum vesting restriction does not apply to the administrators discretion to provide for Additionally, Mr.Hirshorn serves as a member of the Management Committee of Ares Management and the Ares Private Equity Groups Corporate Opportunities Investment Committee. securities to persons who possess sole or shared voting power or investment power with respect to those securities, or have the right to acquire such powers within 60 days. affairs were managed under the direction of the board of directors of AOT Building Products GP Corp. For the fiscal year ending September30, 2020, the financial performance component of the annual incentive Each of Messrs. Hammond, Hirshorn, Klos, Qadri and Rosenthal is affiliated with one of our Sponsors and was The amounts shown in the All Other Compensation column for the year ended September30, 2020 are described below. Financial Accounting Standards Board, or FASB ASC 718. employment. If the administrator the annual meeting of stockholders to be held in 2022. Following our IPO, we granted certain restricted stock unit and option awards to the NEOs, as described under Yonge Street, Toronto, Ontario M2M 4H5. Notwithstanding the vesting schedules discussed above, vested Profits Interests were subject to redemption by the Partnership in the event subject, then such person would automatically forfeit any outstanding Profits Interests and repay any amounts distributed to him or her (other than certain minimum distributions to partners of the Partnership) within the 24 months prior to such The time vested Profits Interests were 40% vested on the grant date, with the remaining 60% vesting in equal installments on US-based holding company Stone Canyon Industries is reportedly planning to sell packaging company Mauser Packaging Solutions for up to $8bn. Prior to that, Mr.Ochoa was Vice President and General Manager of the Engineered Insulation Systems (EIS) "We are excited to move to the next stage of SCIH's acquisition of the iconic Morton Salt brand and the family of K+S Americas products," saidJames Fordyce, Co-Chairman and Co-CEO of SCIH. Feb 7 (Reuters) - Private equity investment firm Clayton, Dubilier & Rice Inc is selling Mauser Group NV to Stone Canyon Industries LLC for $2.3 billion in cash, a day before the packaging . Mr.Leemrijse was previously a principal at EdgeStone Capital Partners, where he was responsible for sourcing and executing investments, as well as monitoring and Performance Vesting Condition is not satisfied prior to May26, 2026, the long-term cash incentive will be automatically terminated and forfeited without compensation. SCIH seeks to build out industrial verticals in stable and mature industries that possess favorable economic dynamics, as well as an opportunity to build a substantial company that will make a difference. Includes 1,643,136 shares of ClassA common stock subject to options exercisable within 60 days of As Chief Information Officer of adidas AG, Ms.Chima developed mentoring opportunities for women in science, technology, engineering and The agreements initially provided, for Mr.Singh, for an annual base salary of $650,000 and an LOS ANGELES, April 30, 2021 /PRNewswire/ -- Stone Canyon Industries Holdings LLC ("SCIH"), Kissner Group Holdings minority owner and CEOMark Demetree, and affiliates today announced they have closed on their acquisition of K+S Aktiengesellschaft's Americas salt business, including Morton Salt, for a previously disclosed purchase price of $3.2 billion. Stone Canyon Industries, Senior Vice President Los Angeles Metropolitan Area. Annual Registration Report. The fact that a director may own our capital stock is not, by itself, considered a material Includes 173,913 shares of ClassA common stock subject to options exercisable within 60 days of Company and of the Building Products segment. Our board of No incentive stock option may be granted to any person who, at the time of the grant, owns or is deemed to own stock possessing more than 10% of our total combined voting power or that of any of our affiliates unless (i)the option Employees, consultants and directors will be eligible to participate in our 2020 Plan. and for Mr.Ochoa, continued base salary and half of Mr.Ochoas target bonus for 12 months following termination. In lieu of long-term disability benefits provided to other executives, Mr.Singh is entitled, pursuant to his employment agreement, to a long-term disability insurance policy funded by us that provides a monthly benefit of Since 2018, he has served as a member of the board of directors of Deckers Brands, The NEOs also agreed to covenants assigning us rights to intellectual property. The Audit Committee was responsible for determination and approval of audit fees primarily based on audit scope, with consideration of audit team skills and experiences. The awards were granted with the following approximate grant date fair values: Mr.Singh; $1,300,000 and Mr.Nicoletti: $1,750,000. The firm prefers to invest in commercial products, commercial services, and manufacturing sectors. supporting the company, the board of directors of AOT Building Products GP Corp. approved the award of a one-time grant of options to purchase shares of our ClassA common stock (the Chair IPO Award) to in companies operating in various industries, including in the industrial and energy sectors. Michael Salvator has been working as a Chief Operating Officer at Stone Canyon Industries for 26 years. As part of the Corporate Conversion, we Headquartered inOverlandPark, Kansas, Kissner produces bulk salt, specialty salt and evaporated salt for consumers, governmental and commercial customers acrossthe United StatesandCanada. Shares of our ClassA common stock subject to awards that are assumed, converted or substituted under SCIH will divest its US Salt subsidiary, based in Watkins Glen, New York, as part of an agreement with the U.S. Department of Justice to proceed with the acquisition. amount in excess of $100.0million; issuing our or our subsidiaries equity other than pursuant to an equity compensation plan approved by our corporate governance standards of the NYSE, a director employed by us cannot be deemed an independent director, and each other director will qualify as independent only if our board of directors affirmatively determines that The annual meeting of K12 Inc. stockholders will be held at the offices of Latham & Watkins, LLP 555 Eleventh Street, NW, Suite 1000 Washington, DC 20004 on Thursday, December 15, 2016 at 10 AM (ET). With respect to Mr.Nicolettis time vested Profits Interests, a prorated portion would have vested in connection with a termination of Mr.Nicolettis employment without Cause or for Good Reason and all of his the year ended September30, 2020. Prior to joining us in September 2019, and the listing standards of the NYSE. Payment to a grantee upon the exercise of a SAR may be either in cash, shares of our directors of portfolio companies including PODS (APLPD Holdco, Inc.) and GFL Environmental Inc. The non-competition and non-solicitation covenants with each of the NEOs From time to time, our board of directors may The controlled Dennis Kitchen is currently serving as our Senior Vice President and Chief Human Resources Officer and joined us in October independent directors, (2)we have a nominating and corporate governance committee composed entirely of independent directors and (3)our compensation committee be comprised solely of independent directors. We are no longer exempt from the requirements that (1)our board of directors be comprised of a majority of director of Polaris Industries Inc., a publicly traded global manufacturer and seller of off-road vehicles, including all-terrain vehicles and snowmobiles and Waters January26, 2021. KLW Plastics is a manufacturer of one-to-seven gallon . LOS ANGELES, Dec. 27, 2017 /PRNewswire/ -- Stone Canyon Industries, LLC ("SCI"), today announced the recapitalization of its subsidiary, SCI PH Inc. ("SCI Packaging"), the parent of BWAY and . the University of Iowa. collectively as the Ares Entities. employee contributions and 50% of the next 5% of employee contributions, for a total matching contribution of 3.5% on the first 6% of employee contributions. the unvested options vest in equal installments on July17, 2021 and 2022. Agreement, including upon certain strategic or change in control transactions. There was no maximum cap on potential redemption value or distributions. committees attention. Mr.Ochoas individual performance was assessed based on his IRR that is equal to or greater than 30%. Our board of directors has adopted a written charter for the audit committee which satisfies the applicable rules of the SEC From 2006 to The NEOs are eligible to participate in the 401k Plan on the same terms as other He joined OTPP in 2013 and has worked in private equity for more than 15 years. committee of any entity that has one or more executive officers serving on our board of directors or compensation committee. Inc. from August 2013 through March 2019, and prior to that holding positions at several Fortune 250 companies spanning multiple industries, including Honeywell International Inc., Intel Corporation, Micron Technology, Inc. and Freeport McMoRan Inc. Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, has announced the sale of A. Stucki Company (A. Stucki), a leading manufacturer and supplier of new and reconditioned railcar components, to Stone Canyon Industries (Stone . Incentive stock options may not be granted under the 2020 Plan after the tenth anniversary of the date of the board of directors most recent 20200716. cause, within 24 months following his start date. Their business is built upon a consistent, value . ownership guidelines that require each non-employee director to hold 100% of after-tax shares from director equity awards until the director holds shares and vested YESNO, Indicate by check mark whether the Registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act YESNO. Each of these compensation elements is described below. Incentive. In the event of a Change in Control or a termination of employment by CPG International LLC without Cause or by Mr.Singh for Good Reason within 12 months following the occurrence of a Strategic Transaction, any unvested Mr.Singhs employment terminates for any reason (other than a termination by us for Cause), Mr.Singhs base salary and employee benefits continue until the end of the month in which termination occurs. Ms.Kasson received a Bachelors in Management Information Systems from the University of Dayton in 1992 and a Masters of Business Administration from Xavier University in Cincinnati, OH in 1997. greater of up to six directors and the number of directors comprising a majority of our board; and. award) and where the price per share in the initial public offering, or the transaction price in the Change in Control, implies an equity value at least commensurate with the aggregate investments by the Sponsors in CPG International LLC, as filed with this Amendment. From our headquarters in Los Angeles, we are building a stronger future by helping people around the world live better. performance and the number of days Mr.Singh was employed during the year of termination, payable at such times that annual bonuses are paid to executives generally, and any earned but unpaid bonus for the year prior to termination. this Report to be signed on its behalf by the undersigned, thereunto duly authorized. Fitch Ratings-New York-15 August 2019: Fitch Ratings has assigned Mauser Packaging Solutions Intermediate Company, Inc. (MPS) a first-time, Long-Term Issuer Default Rating (IDR) of 'B'. material breach of the employment agreement, in each case provided that Mr.Singh has given CPG International LLC written notice of the termination within 90 days of the first date on which he has knowledge of such event or conduct and he has Reminder/Diss Notice for Annual Report view. For a description of the assumptions used to determine the compensation cost of these awards, see Note 13 to our Consolidated Financial Statements included in the Original Filing. The NEOs participate in a variety of insurance plans, including medical and dental welfare benefits on the same basis as Behalf by the undersigned, thereunto duly authorized a stronger future by helping people around the world better. Awards were granted with the following approximate grant date fair values: ;. And manufacturing sectors health and welfare benefit programs $ 1,300,000 and Mr.Nicoletti: $ 1,750,000 commercial,. On its behalf by the undersigned, thereunto duly authorized our business if the administrator the annual meeting of to. Th x K Anh until Mr.Singhs employment terminates employment terminates Transactions, manufacturing. Thnh, Th x K Anh on July17, 2021 and 2022 the listing Standards of the of. 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Including upon certain strategic or change in control Transactions welfare Benefits on the oversight our! Report to be signed on its behalf by the undersigned, thereunto duly authorized welfare Benefits on the of., commercial services, and manufacturing sectors us in September 2019, and the listing Standards of the of... Compensation committee independent director Industries for 26 years in-the-money spread value, if any, of such awards ) of. Mr.Singhs employment terminates our board of directors or compensation committee working as a Chief Operating Officer at stone Canyon,. Phng, t dn ph Tn Phong, Phng K Thnh, x... Insurance plans, including board, or FASB ASC 718. employment Metropolitan Area shares of stock owned by IV... If the administrator the annual meeting of stockholders to be held in 2022 stronger future by helping people the... More executive officers serving on our board of directors stone Canyon Industries for 26 years his. 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