He joined OTPP in 2013 and has worked in private equity for more than 15 years. Prior to joining Ares in 2009, Mr.Hirshorn was the President of Potbelly Sandwich Works. The restricted shares have the same time-vesting conditions as the original long-term incentives held by the NEOs prior to our IPO consisted primarily of Profits Interests granted under the Partnership Agreement. Kitchen served as Vice President of Human Resources for Griffin Pipe Products Co., Inc., a manufacturer of water transmission products, from January 2010 to November 2010. price equal to the price at which a share of our ClassA common stock was offered pursuant to our IPO and a 10-year maximum term. earned but unpaid bonus for the year prior to termination, (ii)all amounts accrued under any bonus, incentive or other plan and (iii)a prorated annual bonus for the year of termination based on actual performance and the number of days The K+S Americas operating unit mainly comprises K+S Chile, formerly known as the Chilean company SPL, acquired by K+S in 2006, as well as Morton Salt (USA) and Windsor Salt Ltd. (Canada), acquired in 2009. above under Directors, Executive Officers and Corporate Governance.. These amounts do not reflect new equity awards granted in the fiscal year. accordance with FASB ASC 718. individual performance component was determined based on an overall assessment of the NEOs performance and was not based on a predefined formula or targets. restricted shares of ClassA common stock granted under our 2020 Plan, which remain eligible to vest generally pursuant to the same time-based and performance-based vesting conditions as the Profits Interests for which they were exchanged, as management of our finance, accounting, information technology and investor relations functions, and establishing key processes to ensure delivery of our financial objectives. Bway operates 23 plants across the United States, three in Canada and one in Puerto Rico, according to its website. Headquartered inChicago, Morton Salt with its affiliates in theBahamasandCanadahas more than 3,500 employees committed to safety, quality, and service in the communities in which it operates. In his role as Managing Director, he leads OTPPs investing activities in the diversified industrial and He was admitted to the Texas Bar in 1993 and months following a Strategic Transaction (determined without regard to subpart (ii)of the definition of Change in Control), to the extent that the MoM Targets would have been satisfied had the fair value of any We currently do not expect that Mr.Hendrickson will receive any additional compensation in future years for his service as non-executive chair outside of the regular annual director compensation program. We refer to these Free and open company data on Missouri (US) company Stone Canyon, Inc. (company number 00822846), 14400 East 42nd, Suite 200, Independence, MO, 64055. . None of the members of the compensation committee is, nor has ever been, an officer or employee of our company. The manager of Ares IV is ACOF the University of Iowa. In connection with our IPO, we entered into a registration rights agreement, or the Registration Rights Agreement, with the Sponsors and For information regarding this modification, see Note 13 to our Consolidated Financial Statements for the year ended Good Reason generally means (i)a reduction in salary or target Following our IPO, we granted certain restricted stock unit and option awards to the NEOs, as described under Contact Email info@stonecanyonllc.com. Additionally, each employment agreement provides for certain severance and termination benefits that are described below under Potential Payments Upon Termination, Change In Control or Strategic Transaction.. This charter is posted on our website. Founded in 2014 and headquartered Santa Monica, California, Stone Canyon is a private equity firm. The address of Ontario Teachers Pension Plan Board is 5650 $5,321,095 for Mr.Nicoletti. fundamental financial statements, are familiar with finance and accounting practices and principles and are financially literate. contributions, or the Second MoM Target, and, together with the First MoM Target, the MoM Targets, or. We intend to disclose future amendments to certain provisions of our Code of Ethics for Senior Officers, January26, 2021. Check out these reports. Additionally, all unvested time vested Profits Interests were eligible to vest upon a termination of employment without Cause or for Good Reason within 12 months following the occurrence of a Strategic Transaction. Headquartered inOverlandPark, Kansas, Kissner produces bulk salt, specialty salt and evaporated salt for consumers, governmental and commercial customers acrossthe United StatesandCanada. Mr.Nicolettis individual performance was assessed based on his performance in executing all aspects of our IPO, effective Under the 2020 Plan, the administrator may grant other types of equity-based, equity-related or cash-based awards, including awards subject to The authorized Our compensation committee is responsible for overseeing the management of risks relating to our executive compensation plans and arrangements. engineered bearings and alloy steel, in various senior management positions of increasing responsibility, lastly as Senior Vice President, Finance and Controller between 2003 and 2006. 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. may be issued under the 2020 Plan and (iv)the terms of any outstanding awards, including exercise or strike price, if applicable. He has also dedicated a significant amount of time in guiding us in preparation for our IPO. In addition, if a Change in Control occurs within six months following a termination of Mr.Singhs employment by CPG Notwithstanding the foregoing, if either Sponsor at any time ceases to own more than 5% of the outstanding shares of our common stock, that See Post-IPO CompensationIPO Cash Bonus and Long-Term Incentive Awards for a description of the stock options and restricted stock units. committees attention. options or SARs, the awards spread value. Prior to working for Louisiana-Pacific Corporation, time after a termination of employment would have vested on such termination. On The acquisition further enhances SCIH's long-term, growth-oriented business model.". BFV is a consumer-focused venture capital fund investing in early stage companies creating innovative products and services most commonly sold The Profits Interests granted to each of the NEOs in connection with his ClassA common stock or ClassB common stock. None of our executive officers currently serves, or in the past year has served, as a member of the board of directors or compensation equity firm focused on buyouts and growth capital investments in Canada. Performance-Based and Other Stock-Based or Cash-Based Awards. See Description of Capital StockLimitations of Liability, Indemnification and Advancement below for 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 Stone Canyon Industries is a global industrial holding company. 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. Looking for information on your own credit? Change in Control to the extent that the performance criteria were met, as described in Narrative Disclosure to Summary Compensation TableLong-Term IncentivesProfits Interests above. Sponsors to our board of directors. The following awards will not be subject to the minimum vesting requirement: (i)awards granted in connection with this offering, (ii)awards granted in connection with awards assumed or substituted in an acquisition or similar Pursuant to SEC rules, the fees billed by PricewaterhouseCoopers LLP are disclosed in the table below: Consists of fees billed for professional services rendered in connection with the audit of our consolidated financial statements, reviews of We strive for sustainability because we are deeply committed to our responsibilities towards people, the environment, communities, and the economy in the regions in which we operate. The Committee shall review and approve borrowing arrangements (including prepayments or refinancing), issuances or repurchases of debt securities by the Companies in principal amounts in excess of $5 million. The certificates of the Companys principal executive officer and principal financial officer are attached to this Since December $1.1B in annual revenue, 40+ locations, 16 . Prior to that, Ms.Kasson held a variety of information technology roles at Procter and Gamble, from May 1992 to October 2008. Currently, Mr. Fordyce occupies the position of Chairman for Mauser Packaging Solutions, Chairman at BWAY . 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. All unvested time vested Profits Interests were eligible to vest immediately upon a Change in Control. These rules generally attribute beneficial ownership of The following table sets forth information concerning our equity compensation plans as of September30, 2020: Equity compensation plans approved by stockholders, Equity compensation plans not approved by stockholders, Equity compensation plans approved by stockholders reflects our 2020 Plan. We have adopted a Code of The cash portion was earned and the equity portion vested executing monetization efforts, executing our strategic value creation plan and delivering the operating plan. 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 Mr.Qadri joined OTPP in 2016, and has significant experience in private equity and investment banking. 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 . incorporation and bylaws and the Stockholders Agreement. Shares subject to vested options or options that will vest within 60 days of January26, 2021 are deemed outstanding for purposes of calculating the percentage ownership of the person holding On January26, 2021, we ceased to be a controlled company under the NYSE rules, and we ceased to qualify for the Management Committee. The non-competition and non-solicitation covenants with each of the NEOs bonus, (ii)a material reduction in duties or authority, (iii)removal of position and responsibilities, (iv)failure to pay compensation under the employment agreement, (v)relocation by more than 35 miles or (vi)a