In October, Stone Canyon Industries announced it had struck a deal to buy K+S Americas salt business, including Morton Salt, for $3.2 billion. As discussed under Employee Benefits, each NEO is eligible to participate in certain health and welfare benefit programs. We believe in developing resilient, stable companies that succeed for generations. and (ii)the remaining 50% of such unvested portion will be eligible to vest upon achievement of the performance-based vesting conditions applicable to the restricted shares into which outstanding Profits Interests were exchanged. Vice President of Strategy and Execution and joined us in January 2018. entitles the grantee to receive an amount equal to the difference between the fair market value of our common stock on the exercise date and the exercise price of the SAR (which may not be less than 100% of the fair market value of a share of our Stone Canyon bought Bway in 2016 from private equity firm Platinum Equity LLC for $2.4 billion. Prior to joining us, Mr.Ochoa spent 15 years at Owens Corning, a developer and producer of insulation, roofing and fiberglass composites, in various roles. The Audit Committee engaged PricewaterhouseCoopers LLP to perform an annual audit of the Companys financial statements for the fiscal The following table sets forth the beneficial ownership of our common stock as of January26, 2021 Valuable research and technology reports. In the event of a Change in Control, when the aggregate Proceeds received by each of the Sponsors resulted in an The independent members of the board of directors may make exceptions to this limit for a non-executive chair of the board of directors. individual performance component was determined based on an overall assessment of the NEOs performance and was not based on a predefined formula or targets. Mr.Leemrijse was previously a principal at EdgeStone Capital Partners, where he was responsible for sourcing and executing investments, as well as monitoring and 130% of the target bonus attributable to this metric, which maximum is intended to reward exceptional performance. We believe that Mr.Heckes brings to our board of directors extensive experience in corporate leadership, the development and execution of business growth strategies and significant consumer brand and business operating For information regarding this modification, see Note 13 to our Consolidated Financial Statements for the year ended purpose of the audit committee is to assist our board of directors in overseeing (1)the integrity of our financial statements, (2)our compliance with legal and regulatory requirements, (3)our independent auditors compensation committee, and $10,000 for the chair of the nominating and governance committee, in each case paid quarterly in arrears; and. The NEOs are eligible to participate in the 401k Plan on the same terms as other Mr.Kloss years of experience managing and purposes of the annual incentive awards to Messrs. Singh and Nicoletti were as follows: Adjusted EBITDA for purposes of fiscal 2020 annual incentives is defined as net income (loss) before interest compensation committee determined that each of Messrs. Singh, Nicoletti and Ochoa achieved 130% of the individual performance component. cash or freely tradable and marketable securities. With respect to the fiscal year ending September30, 2020, for Mr.Singh, this amount represents a Blake Sumler, a director since January 2020, is the Managing Director, Diversified Industrial and portion of the long-term cash incentive that remains outstanding and eligible for vesting will immediately time-vest. the University of Iowa. awards, including the period of their exercisability and vesting and the fair market value applicable to a stock award. Also, financial institutions such as banks, credit unions . Sallie B. Bailey, a director since November 2018, previously served as the Executive Vice President and Chief Financial Brian Klos, a director since In the event that Mr.Singhs employment is terminated due to death or disability, Mr.Singh will be entitled to: (i)any The beneficial ownership information presented below includes, for each beneficial owner, (i)shares of ClassA common stock and www.mortonsalt.com. Nominating and Corporate Governance Committee. The company's offerings include plastic and metal bulk containers, drums, cans, pails, bottles and jerrycans, thereby enabling clients to get different products with sustainability and efficiency. The term of a SAR may not exceed 10 years from the date of grant. We are filing this Amendment No. We believe that Mr.Spalys experience Mr.Singh was granted a long-term cash incentive with a value of $765,046 on October11, 2018, which vests upon LLC, Corporation, S Corporation, Non-profit, etc. Stone Canyon Industries, Senior Vice President Los Angeles Metropolitan Area. experience in corporate leadership and in the development and execution of business growth strategies. In our fiscal year ended September30, 2020, there were no other professional services provided by PricewaterhouseCoopers LLP, other than The acquisition will be integrated into SCIH's Kissner Group Holdings, which SCIH acquired in 2020. Other than with respect to the information contained herein with respect to Part III below, this Amendment In the event of a change in control, the administrator may (i)provide for the assumption of or the issuance of substitute awards, . Section422 of the Code and non-qualified stock options that do not meet those requirements, SARs, restricted stock, restricted stock units (RSUs), dividend equivalent rights and other Chairman of the Board. in full on the second anniversary of Mr.Singhs start date. Award-Winning Sales Intel. Prior to that, our common stock, that number of directors (rounded up to the nearest whole number or, if such rounding would cause the Sponsors to have the right to elect a majority of our board of directors, rounded to the nearest whole number) that is the same Pursuant to employment arrangements and the terms of the long-term incentive awards, our NEOs were also entitled to cash severance and other benefits in the event of a On Annual Report view. applied to the Profits Interests. 2009, Mr.Spaly was the founder of Bonobos, a mens clothing company famous for the best-fitting pants on earth, which was acquired by Walmart in July 2017. compensation program that provides the following compensation for non-employee directors: An annual cash retainer of $70,000, paid quarterly in arrears; An annual equity award of RSUs granted in connection with each annual shareholders meeting with a grant date fair Unless the administrator determines otherwise, or as otherwise provided in the applicable award agreement, if a participants employment This charter is posted on our website. James H. Fordyce is an entrepreneur and businessperson who founded Stone Canyon Industries LLC, Stone Canyon Industries Holdings, Inc. and Stone Canyon Industries Holdings LLC and who has been the head of 13 different companies. value of $105,000 that vests at the following annual shareholder meeting; A one-time inaugural equity award of RSUs granted to newly appointed non-employee directors with a grant date fair value of $105,000 that cliff-vests on the third anniversary of grant; An annual cash retainer of $20,000 for the chair of the audit committee, $15,000 for the chair of the HSR Annual Reports; HSR Resources; Early Termination Updates on Twitter; Early Termination Updates by email; (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.Ressler 635 followers 500+ connections. Reflects shares owned by Ares Corporate Opportunities Fund IV, L.P., or Ares IV. Unless otherwise indicated, the persons or entities identified in this table have sole voting and investment power The Profits Interests non-executive chair, paid quarterly in arrears. The Department of Justice announced today that Stone Canyon Industry Holdings LLC (Stone Canyon) and its portfolio company SCIH Salt Holdings Inc. (SCIH), which was previously named Kissner Group Holdings LP, will divest their entire evaporated salt business in order to proceed with their proposed acquisition of Morton Salt Inc. (Morton), among other assets. 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 Officer of Louisiana-Pacific Corporation, a leading manufacturer of engineered wood building products for residential, industrial and light commercial construction, from December 2011 to July 2018. After incorporating the results of the financial and individual performance components, our compensation committee approved the following Subject to certain conditions, the Registration Rights Agreement provides the Sponsors with up to four demand registrations each and unlimited demand registrations at any time we are YES NO, Indicate by check mark whether the Registrant See Narrative Disclosure to Summary Compensation CFA charterholder. financial risks. Additionally, Mr.Nicoletti was granted 4,750 An Excluded Entity for The amounts in this column represent annual incentive cash awards earned under the annual incentive program for 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 . mathematics (STEM). While each committee will be responsible for evaluating certain risks and overseeing the management of such risks, our full board of directors plans to keep itself regularly informed regarding such risks through committee reports Stone Canyon focuses on small-to-mid-sized buyouts. less than or equal to 10%, of the outstanding shares of our common stock, in which case, one director will be nominated by such Sponsor, and the remaining nominees will be nominated by the other Sponsor. Ares in 1998 from Merrill Lynch& Co., Inc. where he served as a Managing Director in the Global Leveraged Finance Group. Transaction Number. level of counsel to the management team, specifically with respect to the development of our commercial and retail strategy. The purpose of the nominating and corporate SCIH was founded by Co-CEOsAdam CohnandJames Fordyce. Mr.Singh brings to our board of directors extensive senior leadership experience and a comprehensive conditions, have been satisfied, as determined by the administrator, and which will be forfeited if the conditions to vesting are not met. Smucker Company for 11 years with responsibilities for which Mr.Singh has no voting or investment power, and Mr.Singh disclaims beneficial ownership of these 236,705 shares. IPO Cash Bonus and Long-Term Incentive Awards. The unvested options have the same time-vesting conditions as A. Stucki Company, a major provider of engineered components, systems and services for the railroad industry and other markets, described Kiefer as "the leader of its expansion, development and success." Stucki's parent company, SCI Rail Holdings LLC, a division of Stone Canyon Industries Holdings LLC, is searching for a new CEO. (v)breach of the duty of loyalty or care, (vi)other misconduct that is materially detrimental to CPG International LLC or its affiliates, (vii)refusal or willful failure to perform Mr.Nicolettis duties or the deliberate Co-Founder of Ares and a Director and Partner of Ares Management Corporation and Co-Chairman of the Ares Private Equity Group. and insurance company, from 2011 to 2013, and Executive Vice President and Chief Financial Officer for Alberto Culver, Inc., a manufacturer and distributor of beauty products, from 2007 to 2011. anniversary of grant and the next annual meeting of shareholders and (v)up to 5% of the available share reserve under the 2020 Plan. STONE CANYON INDUSTRIES INCORPORATED (British Columbia (Canada), . Company and of the Building Products segment. Prior to that, Ms.Kasson held a variety of information technology roles at Procter and Gamble, from May 1992 to October 2008. will expire at the annual meeting of stockholders to be held in 2023. determines that terms of an award were not satisfied and the failure to satisfy the terms was material, then the grantee will be obligated to repay the fair market value of the shares issued or delivered in respect of the award or, in the case of Stone Canyon Industries, LLC (www.stonecanyonllc.com) is a global industrial holding company based in Santa Monica, California with subsidiaries involved in consumer & retail, food & ingredients, industrial, technology & business services and transportation. 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). To our knowledge, based solely on a review of the copies of such reports furnished to us regarding the filing of required reports, we believe The company has annual sales of more than $1 billion and has 3,000 . The change was treated as a modification under ASC 718, Stock Compensation, resulting in incremental compensation expense. From 2015 to 2018, Ms.Chima served on the board of Global Sources Ltd., a Bermuda business-to-business media company with a focus on the solutions to U.S. middle market companies and power generation projects. One-half of such nominees is nominated by each of the Sponsors unless (i)if the number of and option awards outstanding as of the end of the fiscal year ending September30, 2020 was: Ms.Bailey: 34,214; Mr.Hendrickson: 561,943; Mr.Pace: 6,469 and Mr.Spaly: 3,445. (ii)provide that for a period of at least 20 days prior to the change in control, stock options or SARs that would not otherwise become exercisable prior to a change in control will be exercisable as to all shares of common stock, as the case committees attention. common stock to file with the SEC initial reports of ownership and reports of changes in ownership of our equity securities. The sole member of Ares Holdco LLC is Ares Holdings Inc., whose sole stockholder is Ares Management Corporation. We offer reimbursement for physicals to certain of our Morton Salt, Inc. is a trusted authority in salt inNorth America. certain members of our management. Ethics for Senior Officers applicable to our Chief Executive Officer and senior financial officers. control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. Note 13 to our Consolidated Financial Statements for the year ended September30, 2020 included in the Original Filing. 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