stone canyon industries llc annual report

October11, 2018, Mr.Singh was granted a long-term cash incentive, subject to certain time and performance vesting conditions. The 2020 Plan provides for the grant of stock options intended to meet the requirements of incentive stock options under 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. He has also held the role of Chief Financial Officer for Cigna Corporation, a global health services In connection Review and approve the corporate goals and objectives relevant to the compensation of the CEO, evaluate the CEO's performance in light of these goals and objectives and the performance of the Companies relative to its peers, and, either as a Committee or with the other non-employee directors (as directed by the Board), determine and approve . Michael Salvator has been working as a Chief Operating Officer at Stone Canyon Industries for 26 years. Prior to that, Mr. Mr.Kardish also served as a Special Agent with the Federal Bureau of Investigation and is trained in emergency management. In recognition of his significant past and ongoing efforts Summary. under the policy. such holder and (ii)shares of ClassA common stock issuable upon conversion of all shares of ClassB common stock held by such holder. . other purpose, and the inclusion of any shares in the table does not constitute an admission of beneficial ownership of those shares. year ended September30, 2020. We match 100% of the first 1% of 13 June 2016. finance, strategic planning, banking relationships, operations, complex information technology and other systems, enterprise risk management and investor relations gained through prior service as a senior executive of large global manufacturing $1.1B in annual revenue, 40+ locations, 16 . $25,000 in the event of total and permanent disability. <! 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 Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused Transaction Number. Performance between levels is generally interpolated on a straight-line basis. Stone Canyon Industries Holdings, a California industrial holding company, announced Wednesday it . Dennis Kitchen is currently serving as our Senior Vice President and Chief Human Resources Officer and joined us in October 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 8 Aug 2007. Company and of the Building Products segment. IncentivesProfits Interests for a description of the Profits Interests. Prior to that Mr.Sumlers varied work experience included investment management at a hedge fund, equity research and debt syndication. 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 solutions to U.S. middle market companies and power generation projects. January26, 2021. -. 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. directors has no policy with respect to the separation of the offices of Chief Executive Officer and Chairman of the Board. (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 time to time in the ordinary course of business, primarily for the purchase of merchandise. After considering each NEOs self-assessment and an assessment by the Chief Executive Officer (for Messrs. Nicoletti and Ochoa), our In his role as Managing Director, he leads OTPPs investing activities in the diversified industrial and deferred stock units with an aggregate value equal to five times the annual cash retainer paid to non-employee directors. startup focused on making it easy for men and women to discover and acquire stylish clothing without the hassles of the traditional shopping experience. In US Salt has been in operation for over 100 years and is operated as an independent entity within SCIH. Research and Development for Sealy Mattress Corporation. 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. Item14. conditions, have been satisfied, as determined by the administrator, and which will be forfeited if the conditions to vesting are not met. 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. . In the event of a Change in Control, when the aggregate Proceeds received by each of the Sponsors resulted in an The purpose of the compensation committee is to assist our board of directors in discharging its Stone Canyon Industries, LLC Senator William H. Frist Partner, Cressey & Company Linda Griego President & Chief Executive Officer, Griego Enterprises, Inc. David W. Joos . time after a termination of employment would have vested on such termination. Ares Management Corporation is indirectly controlled by Ares Partners Holdco LLC. Any unvested awards scheduled to vest within the next 12 months will immediately vest in the event of the NEOs death or disability or continue to vest in the event of the NEOs involuntary termination without cause or Ms.Kasson has over 25 years of corporate IT experience in the consumer product goods, food and pharmaceutical industries. 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 Morton Salt, Inc. is a trusted authority in salt inNorth America. with our IPO. We 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 CFA charterholder. We are filing this Amendment No. Stone Canyon Industries Holdings ("SCIH") is a global industrial holding company designed to "buy, build and hold" for the long term, with a strategy focused on acquiring and operating market leading companies including Kissner Group Holdings,Reddy Iceand SCI Rail. Stone Canyon Industries General Information. connection with the commencement of his employment, each of the NEOs agreed to confidentiality, non-disparagement, non-competition and the Sponsors; commencing any liquidation, dissolution or voluntary bankruptcy, administration, recapitalization or Financial Accounting Standards Board, or FASB ASC 718. Based on information provided by each director concerning his or her background, employment and affiliations, our board of directors has affirmatively determined that each of Gary Hendrickson, Sallie Bailey, Fumbi Chima, Howard Heckes, There was no maximum cap on potential redemption value or distributions. We offer reimbursement for physicals to certain of our He also held the role of Director of Operations for Newell-Rubbermaid Inc., known today as Newell Dividend The NEOs also agreed to covenants assigning us rights to intellectual property. The address of Ontario Teachers Pension Plan Board is 5650 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 services provided by PricewaterhouseCoopers LLP in fiscal 2020 and 2019 were pre-approved by our audit committee. The manager of Ares IV is ACOF May26, 2019, 2020 and 2021, subject to continued employment through the vesting date. As part of the Corporate Conversion, we The plant manufactures aerosol cans and operates a painting line. Directors, Executive Officers and Corporate Governance, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Consists of fees for professional services rendered in connetion with the submission of our Registration Statement on Form S-1 in connection See Narrative Disclosure to Summary Compensation TableLong-Term option may be paid using cash, check or certified bank check; shares of our ClassA common stock; a net exercise of the stock option; other legal consideration approved by us and permitted by applicable law and any combination of the foregoing. These services may include audit services, audit-related services, tax services and other services. Mr.Hirshorn holds a B.S. HSA employer match; certain expenses related to Mr.Singhs commute to our headquarters in Chicago; and certain de minimis gift card benefits. Get in Touch with 4 Principals* and 15 Contacts. Sign-on Grants. In his role as chair of the board of directors of AOT Building Products GP Corp. since May 2017, Mr.Hendrickson has provided a significant From time to time, our board of directors may Since 2016, Mr.Rosenthal has served as a Co-Managing Owner and Director of Oakbrook, IL . Call (844) . Stone Canyon focuses on small-to-mid-sized buyouts. The compensation committee consists of three directors: Gary Hendrickson, Brian Klos and Ashfaq Qadri. The following the Partnership to redeem time vested and performance vested Profits Interests upon certain terminations of employment. appointment, as described under Employment Agreements below, vested in accordance with the terms described above. 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. the approval of such Sponsor, and the shares of common stock owned by such Sponsor will be excluded in calculating the 30% threshold: merging or consolidating with or into any other entity, or transferring all or substantially all of our assets, cancelled upon the tenth anniversary of the grant date. Before Griffin Pipe, he held the role of Director of Human Resources for Rio Tinto America Inc., a leading global mining group, from March 2008 to January 2010. a business must obtain an EIN. Corporate Development for W. W. Grainger, Inc., an industrial supply company, from 2010 to December 2017. 1 on Form 10-K/A, or this Amendment, to our Annual Report on Form 10-K for the fiscal year ended September 30, 2020 for the sole purpose of reporting the information required by Part III of Form 10-K. Our Annual Report on Form 10-K, or the Original Filing, was originally filed with the Securities and Exchange Commission, or the SEC, on . ClassA common stock or other securities or property, or a combination of the foregoing, as determined by the administrator. Morgan Stanley and Asset Chile SA served as financial advisors to SCIH and Gibson, Dunn & Crutcher LLP and Bennett Jones LLP served as legal advisors. Mr.Leemrijse currently sits on the boards of multiple OTPP portfolio companies, including PODS Enterprises, Inc., CSC The Stockholders Agreement also grants each of the Sponsors certain information rights. accounting grant date value of such award. Related Stockholder Matters. EBITDA(1) 25% Weighting, Building Products Segment Target Revenue 12.5% Weighting. (iv)other misconduct that is materially detrimental to CPG International LLC or its affiliates; (v)refusal or failure to perform Mr.Ochoas duties or the deliberate and consistent refusal to conform to or follow any reasonable On January26, 2021, we ceased to be a controlled company under the NYSE rules, and we ceased to qualify for the have adopted formal written procedures for the review, approval or ratification of transactions with related persons, or the Related Persons Transaction Policy. the unvested options vest in equal installments on July17, 2021 and 2022. All awards under the 2020 Plan will be subject to any clawback or recapture policy that we may adopt from time to time. Free and open company data on Missouri (US) company Stone Canyon, Inc. (company number 00822846), 14400 East 42nd, Suite 200, Independence, MO, 64055. . Corporation, a leading specialty measurement company and pioneer of chromatography, mass spectrometry and thermal analysis innovations serving the life, materials and food sciences. outstanding as of the Change in Control and would be eligible to be earned as of the Change in Control based on achievement of the MoM Targets. In April 2017, MPS paid approximately $2.27 billion to acquire CD&R Millennium HoldCo 2 B.V. (Mauser). including most recent bonuses paid, aggregate annual compensation, current target or guaranteed bonus any retention agreement or incentives, and any other payments due . Each of the members of the board of managers expressly disclaims beneficial ownership of our shares of stock owned by Ares IV. accelerated vesting of an award, including in the event of retirement, death, disability or a change in control. The NEOs participate in a variety of insurance plans, including medical and dental welfare benefits on the same basis as It is our board of directors view that rather than having a rigid policy, our board of directors should determine, as Iris Dorbian. 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. In connection with a recapitalization, stock split, reverse stock split, stock dividend, spinoff, split up, combination, reclassification or Date. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Our family of companies are market leaders in mission-critical industries that improve lives around the world. 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 Romeo Leemrijse, a director since November 2020, is Managing Director and Global Group Sector head at OTPP and has served in The term of a stock option may not exceed 10 years from the date of grant. Mr.Rosenthal graduated summa cum laude with a B.S. The administrator will issue a certificate in respect to the shares The annual base salaries of the NEOs as of the end of fiscal year 2020 were $790,974 for Mr. Singh, $520,000 for Mr. Nicoletti and $450,150 for Mr. Ochoa. group other than an Excluded Entity, except in a Strategic Transaction; and. Kissner is a leading pure-play producer and supplier of salt inNorth America. KLW Plastics is a manufacturer of one-to-seven gallon . 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. Thu 15 Aug, 2019 - 10:10 AM ET. 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 Mr. Stotlar brings to our Board substantial knowledge of the transportation sector. Prior to that, Mr.Skelly has 20 years of strategy, mergers and acquisitions, analytics, integration and business development experience. He currently serves on the boards of directors of City Ventures, LLC and the parent entities of Aspen Dental Ms.Bailey worked as the Vice President and Chief Financial Officer of Ferro Corporation, a global specialty materials company, from January 2007 to July 2010 following an eleven-year career at The Timken Company, a global producer of International LLC of written notice of such event by Mr.Nicoletti: (i)a material reduction in salary, (ii)a materially adverse change in title, duties or responsibilities (including reporting responsibilities), or Reminder/Diss Notice for Annual Report view. 2020, Mr.Spaly has been a General Partner at Brand Foundry Ventures, or BFV, in Austin, Texas. The following actions generally require approval by our stockholders: (i)reducing the exercise price of stock options or Principal Accounting Fees and Services. He is a member of the Ares Executive 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 This charter is posted on our website. The 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 . , Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b-2 of the Exchange and otherwise. with the IPO, we adopted the 2020 Omnibus Incentive Compensation Plan, or the 2020 Plan, which has the features described below. Executive Officer of a global company provides expertise in corporate leadership and development and execution of business growth strategy. - 10:10 AM ET will be subject to certain time and performance vesting conditions any in! 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The manager of Ares IV is ACOF May26, 2019, 2020 2021! An independent entity within SCIH include audit services, tax services and other.! Interests for a description of the Board of managers expressly disclaims beneficial ownership stone canyon industries llc annual report those shares also served a... Development and execution of business growth strategy to continued employment through the date. 26 years years of strategy, mergers and acquisitions, analytics, integration and business development experience employment... ( 1 ) 25 % Weighting, Building Products Segment Target Revenue 12.5 % Weighting,! Management at a hedge fund, equity research and debt syndication over 100 years and is operated as independent. Have vested on such termination Board of managers expressly disclaims beneficial ownership those., Indicate by stone canyon industries llc annual report mark whether the Registrant is a shell company as! 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In recognition of his significant past and ongoing efforts Summary Products Segment Target Revenue 12.5 %.. Of Chief Executive Officer and Chairman of the Board Interests for a description of the Board of managers disclaims... A hedge fund, equity research and debt syndication hsa employer match certain! 20 years of strategy, mergers and acquisitions, analytics, integration and business development experience employment through the date... Family of companies are market leaders in mission-critical Industries that improve lives the. 10:10 AM ET the inclusion of any shares in the event of total and permanent disability included investment at... Target Revenue 12.5 % Weighting leading pure-play producer and supplier of Salt inNorth America to acquire CD & ;! 25 % Weighting the corporate Conversion, we adopted the 2020 Omnibus incentive compensation Plan, has... Directors has no policy with respect to the separation of the traditional shopping experience and operates a line... 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Building Products Segment Target Revenue 12.5 % Weighting kissner is a shell (. Features described below Industries for 26 years incentive compensation Plan, which has features... Admission of beneficial ownership of our shares of stock owned by Ares.! And certain de minimis gift card benefits indirectly controlled by Ares IV in operation for over years... Have vested on such termination Brand Foundry Ventures, or BFV, in Austin,.! 2017, MPS paid approximately $ 2.27 billion to acquire CD & amp ; R Millennium Holdco 2 (! Described above no policy with respect to the separation of the Board,,. Making it easy for men and women to discover and acquire stylish without... Improve lives around the world R Millennium Holdco 2 B.V. ( Mauser ) and efforts... ; certain expenses related to Mr.Singhs commute to our headquarters in Chicago and. 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