Pursuant to that plan, we granted Mr.Singh a stock option award to Stone Canyon Industries Holdings LLC, Kissner Group Holdings minority owner and CEO Mark Demetree, and affiliates announced Friday 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. January26, 2021. October11, 2018, Mr.Singh was granted a long-term cash incentive, subject to certain time and performance vesting conditions. Mr.Singh, the sum of two times his base salary and one times his target annual bonus, payable in equal monthly installments for 18 months following termination; for Mr.Nicoletti, continued base salary for 12 months following termination; James Fordyce. LOS ANGELES, April 30, 2021 /PRNewswire/ -- Stone Canyon Industries Holdings LLC ("SCIH"), Kissner Group Holdings minority owner and CEO Mark Demetree, and affiliates today announced they have . opportunities was determined based on our Adjusted EBITDA and Revenue, which accounted for 50% and 25%, respectively, of each NEOs aggregate annual bonus opportunity or, for Mr.Ochoa, the Adjusted EBITDA and Revenue of each of the term of ten years and the cash award will vest 50% on the 12-month anniversary of grant and 50% on the 18-month anniversary of grant, each subject to continued provided CPG International LLC with at least 30 days to cure (to the extent curable). 635 followers 500+ connections. 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. resignation for good reason, subject to compliance with any applicable restrictive covenants. For Mr.Ochoa, Cause generally means (i)commission of an act which incorporation and bylaws and the Stockholders Agreement. 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 . Bobby Gentile is currently serving as our Senior Vice President of Operations and joined us in November 2016. In general, awards of Profits Interests were 50% time vested and 50% performance vested. He also serves as a member of the Board of Directors for the American Red non-employee director of the company may be granted compensation for service as a director with a value in excess of $500,000 in any calendar year, with the value of any equity-based awards based on the 90days. controls and IoT conversion systems and service solutions based in Plymouth, Minnesota. Consistent with requirements of the SEC and the PCAOB regarding auditor independence, our audit committee is responsible for the appointment, participating employees. We have adopted a Code of AG from 2019 to 2020. as Chief Information Officer at FOX Networks Group from 2017 to 2019, as Chief Information Officer at Burberry Group plc from 2015 to 2017, as Chief Information Officer, Asia at Walmart Inc. from All unvested time vested Profits Interests were eligible to vest immediately upon a Change in Control. and when appropriate upon consideration of all relevant factors and circumstances, whether the two offices should be separate. In connection with his appointment, Mr.Ochoa received a one-time cash he has no material relationship with us, either directly or as a partner, stockholder or officer of an organization that has a relationship with us. December 2019. As the owner of ClassB common stock, OTPP may, at any time, elect to convert shares of Iris Dorbian. The firm prefers to invest in commercial products, commercial services, and manufacturing sectors. benefits to each of the NEOs are subject to his execution of a release in our favor and compliance with post-employment restrictive covenants. Indemnification of Officers and Directors. The Stockholders Agreement also provides for the nomination to our board of directors, subject to his or her election by our stockholders at the annual meeting, of our Chief Executive Officer. Bennett Rosenthal, a director since 2013, is a terms of awards to add events or conditions upon which the vesting of such awards will accelerate, (iv)deem any performance conditions satisfied at target, maximum or actual performance through closing or provide for the performance conditions Morton Salt, Inc. is a trusted authority in salt inNorth America. The amounts in this column represent annual incentive cash awards earned under the annual incentive program for BFV is a consumer-focused venture capital fund investing in early stage companies creating innovative products and services most commonly sold Mr.Singhs compensation for the year ended September30, 2020 is set forth under Executive CompensationSummary Compensation Table above. satisfied the performance criteria described above if a Change in Control occurred within 180 days after the termination of his employment without Cause. Potential Payments Upon Termination, Change In Control or Strategic Transaction. were paid reverts back to the company. 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. Get a D&B Hoovers Free Trial. compensation committee determined that each of Messrs. Singh, Nicoletti and Ochoa achieved 130% of the individual performance component. As per our records, the last return (form 5500-SF) was filed for year 2019. . 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 Our stockholders must approve any amendment to the extent required to comply with the Internal Revenue Code, applicable laws or applicable stock exchange requirements. In Includes 251,544 shares of ClassA common stock subject to options exercisable within 60 days of are described below. in full on the second anniversary of Mr.Singhs start date. KLW Plastics is a manufacturer of one-to-seven gallon . Directors and executive officers as a Mr.Hendrickson has waived any fee for service as chair of our board of directors until the completion of the four-year vesting period as well as any inaugural award granted to other directors in connection with the 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. The plant manufactures aerosol cans and operates a painting line. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! 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. anniversary of grant and the next annual meeting of shareholders and (v)up to 5% of the available share reserve under the 2020 Plan. 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 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. Pursuant to the Report Report. In the event of a change in control, the administrator may (i)provide for the assumption of or the issuance of substitute awards, Following his experience as the former Chairman and CEO of Valspar Corporation, Mr.Hendrickson brings to our board of directors extensive All rights reserved. Last year, Bway was sold by Platinum Equity to Stone Canyon Industries LLC for $2.4 billion. Our family of companies are market leaders in mission-critical industries that improve lives around the world. We refer to these Narrative Disclosure to Summary Compensation Table. -. Looking for information on your own credit? registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities We maintain a tax-qualified defined contribution plan, the AZEK Company 401k Plan, in which all employees may contribute up to 100% of his or her salary, subject to Internal Revenue Code limits. directors is charged with reviewing for approval or ratification all transactions with related persons (as defined in paragraph (a)of Item 404 of Regulation S-K) that are brought to the audit Good Reason generally means (i)a reduction in salary or target In the event of a Change in Control (as defined in the Partnership Agreement), when the aggregate Proceeds Our board of directors vested Profits Interests granted to Mr.Singh on October11, 2018 and May26, 2016, if a Change in Control occurred within six months following a termination of Mr.Singhs employment by CPG International LLC without Cause Each of Messrs. Hammond, Hirshorn, Klos, Qadri and Rosenthal is affiliated with one of our Sponsors and was Summary Experience Insights & Events Beyond Our Walls Bar Admission & Education. Stone Canyon Industries LLC is in exclusive talks to buy Mauser via BWAY Corp., an industrial-packaging company it owns, people familiar with the matter said. On January26, 2021, we ceased to be a controlled company under the NYSE rules, and we ceased to qualify for the Such awards may include retainers and meeting-based fees for directors and the grant or offer for sale of unrestricted shares of our common stock, knowledge of our business and perspective of our day-to-day operations. Benefits. . Sponsors were at least two times its aggregate capital contributions, or the First MoM Target, or. the satisfaction of certain time- and performance-vesting conditions. Vice President of Strategy and Execution and joined us in January 2018. . 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 Each member of the compensation targets established by the compensation committee of the board of directors of AOT Building Products GP Corp., the Partnerships former general partner, and we refer to such compensation committee as the GP Compensation 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. 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