We believe that Mr.Leemrijses extensive experience in the financial industry as well as the management of private equity in particular and his experience as a director of other public Luminant Worldwide Corp. before its initial public offering. financial management positions at Kraft Foods, Inc. during his tenure there from 1979 to 2007. Each of Blake Sumler, Ashfaq Qadri and Romeo Leemrijse may be deemed to have the power to dispose of the shares He holds a BA (Chartered Accounting) and a Master of Accounting from the University of Waterloo. the unvested options vest in equal installments on July17, 2021 and 2022. enhance his alignment with our stockholders following the IPO, and we also granted Mr.Nicoletti a cash award to provide retentive value. Eligibility; Limits on Compensation to Non-Employee Directors. Mr.Heckes currently serves on the board of directors of Masonite International Corporation. Each Sponsor has agreed, for so long as such Sponsor holds more than 5% of the outstanding shares of our common stock, to vote all of the shares of ClassA common stock held by it in favor of the foregoing nominees. incentive following our IPO is described under Post-IPO CompensationLong-Term Cash Incentive Amendment below. We are no longer exempt from the requirements that (1)our board of directors be comprised of a majority of The following table sets forth the number of stock options that were issued to our NEOs upon the closing of our IPO. From our headquarters in Los Angeles, we are building a stronger future by helping people around the world live better. Prior to joining OTPP, Mr.Qadri was a Vice President at Morgan Stanley Private Equity from 2012 to 2014, with roles based in both New York and London. See Narrative Disclosure to Summary Compensation TableLong-Term IncentivesLong-Term Cash focuses on the oversight of our board of directors. awards, including the period of their exercisability and vesting and the fair market value applicable to a stock award. Shares of our ClassA common stock subject to awards that are assumed, converted or substituted under Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused 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. The beneficial ownership information presented below includes, for each beneficial owner, (i)shares of ClassA common stock and January26, 2021. Jesse the 2020 Plan as a result of our acquisition of another company will not count against the number of shares that may be granted under the 2020 Plan subject to stock exchange requirements. We believe that Mr.Spalys experience Executive Officer of a global company provides expertise in corporate leadership and development and execution of business growth strategy. Mr.Singh brings to our board of directors extensive senior leadership experience and a comprehensive Payment to a grantee upon the exercise of a SAR may be either in cash, shares of our , Indicate by check mark whether the registrant has filed a report on and attestation to its managements assessment of the effectiveness of its internal previously worked in Morgan Stanleys Investment Banking division in New York. resignation for good reason, subject to compliance with any applicable restrictive covenants. The remaining 50% of the performance vested Profits Interests vested upon the achievement of one of the following Founded in 2014, Stone Canyon Industries is a private equity firm headquartered in Los Angeles, California. certain members of our management. 635 followers 500+ connections. We greater of up to six directors and the number of directors comprising a majority of our board; and. See Narrative Disclosure to Summary Compensation received a one-time award in the amount of $1,000,000, payable 50% in the form of cash and 50% in the form of common interests in the Partnership. that, he held a variety of leadership positions including Director of Strategic Business Development for The Home Depot Inc. and Director of Mergers& Acquisitions for Hughes Supply, Inc. Paul Kardish is currently serving as our Senior Vice President and Chief Legal Officer. 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 (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 $5,321,095 for Mr.Nicoletti. Our And going forward, the combined company will be known as Morton Salt.". We believe that none of the transactions with such persons is significant enough to be considered material to such persons or to us. 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.. Cng Ty CP H Tnh Dng Gia c tn giao dch HTDG.,JSC, tn quc t Ha Tinh Duong Gia Joint Stock Company v tn ng k l Cng Ty CP H Tnh Dng Gia, hot ng 4 nm trong lnh vc kinh t Xy dng nh . Vn iu l 5.000.000.000. Report this profile . risks facing our company, while our board of directors, as a whole and through its committees, has responsibility for the oversight of risk management. Our board of directors has adopted a written charter for the audit committee which satisfies the applicable rules of the SEC For Mr.Ochoa, Cause generally means (i)commission of an act which Consists of fees for professional services for tax advisory and compliance services. 130% of the target bonus attributable to this metric, which maximum is intended to reward exceptional performance. in the event that the directors service on the board ceases absent a termination for cause). exercise price is at least 110% of the fair market value of the stock subject to the option on the date of grant and (ii)the term of the incentive stock option does not exceed five years from the date of grant. Previously, Mr.Heckes served in various senior operations roles at The Valspar Corporation, including as Executive Vice President and President of Global Stone Canyon Industries, Senior Vice President Los Angeles Metropolitan Area. Description. In connection with our IPO, we entered into the Stockholders Agreement with the Sponsors. Profits Interests award as described in Note 1 to this table above. directors has determined that Sallie Bailey, Fumbi Chima, Gary Hendrickson, Howard Heckes and Brian Spaly each satisfy the independence requirements for audit committee members under the listing standards of the NYSE and Rule 10A-3 of the Exchange Act. 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. portion of the long-term cash incentive that remains outstanding and eligible for vesting will immediately time-vest. The NEOs also agreed to covenants assigning us rights to intellectual property. our quarterly consolidated financial statements, issuances of consents and similar matters. 10-K are more limited than what is required to be included in the definitive proxy statement to be filed in connection with our 2021 Annual Meeting of Stockholders. 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. For Mr.Singh, the unvested options vest on May26, 2021; for Mr.Nicoletti, the unvested options vest in equal installments on January9, 2021, 2022, 2023 and 2024; and for Mr.Ochoa, the satisfaction of certain time- and performance-vesting conditions. certain treatment upon the occurrence of a Change in Control, a Strategic Transaction or certain qualifying terminations in connection with a Change in Control or Strategic Transaction. product offering. (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 . Sallie B. Bailey, a director since November 2018, previously served as the Executive Vice President and Chief Financial As the owner of ClassB common stock, OTPP may, at any time, elect to convert shares of Grantees have full voting rights with respect to their restricted shares. STONE CANYON INDUSTRIES INCORPORATED (British Columbia (Canada), . A discussion of the redemption terms and the treatment of the Profits Interests in connection with a Change in Control, a Strategic Transaction or certain qualifying terminations of employment is described SARs issued and outstanding, (ii)amending or cancelling a stock option of SAR when the exercise price exceeds the fair market value of one share of common stock in exchange for a grant of a substitute award or repurchase for cash or other Country: . Item10. James Fordyce. 2008 until June 2011. Bway operates 23 plants across the United States, three in Canada and one in Puerto Rico, according to its website. Additionally, a discussion of the treatment of the Profits Interests in connection with our IPO is Includes 5,088,445 shares issuable upon the exercise of outstanding options and 184,851 shares issuable upon Prior to joining Ares in 2009, Mr.Hirshorn was the President of Potbelly Sandwich Works. September30, 2019 reflect the aggregate grant date fair value of performance vested and time vested Profits Interests granted in the fiscal year ending September30, 2019. Founder of Stone Canyon Industries Holdings, Inc. and Stone Canyon Industries Holdings LLC, Adam L. Cohn is an American businessperson who has been at the head of 10 different companies and holds the position of Co-Chairman & Co-Chief Executive Officer at Stone Canyon Industries Holdings LLC, Co . Founded in 2014, the company focuses on acquiring market-leading companies with strong . Prior to Newell Brands, Inc., Mr.Nicoletti served as Executive In 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. 13 June 2016. 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 In general, awards of Profits Interests were 50% time vested and 50% performance vested. 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 (other than in connection with a public offering registered under the Securities Act), except in a Strategic Transaction (as defined below); or (iii)the sale of all or substantially all of the assets of CPG International LLC to a person or Oakbrook, IL . On January26, 2021, we ceased to be a controlled company under the NYSE rules, and we ceased to qualify for the Our Board of Directors may also grant awards under consideration, except in connection with certain corporate events and (iii)any other action that would be treated as a repricing under applicable stock exchange rules. to continue (as is or as adjusted by the administrator) after closing or (v)settle awards for an amount, as determined in the sole discretion of the administrator, of cash or securities (in the case of stock options and SARs that are settled 8 Aug 2007. compensation committee determined that each of Messrs. Singh, Nicoletti and Ochoa achieved 130% of the individual performance component. held by OTPP because of a delegation of authority from the board of directors of OTPP, and each expressly disclaims beneficial ownership of such shares. The minimum vesting restriction does not apply to the administrators discretion to provide for These directors did not receive compensation from us for their service as a director. Certain of our related persons may, either directly or through their respective affiliates, enter into commercial transactions with us from Stone Canyon Industries. cash incentive opportunity, long-term incentive awards and employee benefits. Gim c: (ng) Dng Thanh Hi, a ch: Khi ph Tin Tin, Phng . A discussion of the treatment of the long-term cash ClassA common stock did not result in any accelerated vesting of the Profits Interests. Senior Vice President and Chief Financial Officer. thereof. customer-facing operations, which was comprised of 4,000 shared services, 12,000 sales and 5,000 marketing professionals. 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. Mr.Ochoa were as follows: Company Target Adjusted EBITDA(1) 25% From production sites in Europe, North America, as well as through a global distribution network, we serve the ever-increasing demand for mineral products. 2 Min Read. in Industrial Engineering from Iowa State University and an M.S. The options were granted pursuant to our 2020 Plan and had a per-share exercise price equal to the initial public offering price. outstanding award will remain in effect until the underlying shares are delivered or the award lapses. Previously, Mr.Nicoletti held a number of "We are excited to move to the next stage . Pursuant to the Stockholders Agreement, the Sponsors are entitled to designate individuals to be included in the slate of nominees for 2020 Plan, please see Executive CompensationPost IPO Compensation2020 Omnibus Incentive Compensation Plan.. If the Get the full list, Morningstar Institutional Equity Research. The Profits Interests granted to each of the NEOs in connection with his Thu 15 Aug, 2019 - 10:10 AM ET. Stone Canyon Industries Holdings Inc. sponsers an employee benefit plan and files Form 5500-SF short form annual return/report. Interests prior to the exchange (for example, if 100 Profits Interests converted into 40 shares, the holder was granted options to acquire 60 shares of our ClassA common stock). 4 were here. In our fiscal year ended September30, 2020, there were no other professional services provided by PricewaterhouseCoopers LLP, other than described under Post-IPO CompensationProfits Interests Conversion below. 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. such options or restricted shares, but they are not deemed outstanding for purposes of calculating the percentage ownership of any other person. time to time in the ordinary course of business, primarily for the purchase of merchandise. qualifying termination of employment or certain transactions. failed to correct a material breach of, any non-competition, non-solicitation or non-disclosure covenant to which he or she was As per our records, the last return (form 5500-SF) was filed for year 2019. . 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. YESNO, Indicate by check mark if the Registrant is not required January26, 2021. Act. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Mr.Lee did not hold equity-based awards 2020, Mr.Spaly has been a General Partner at Brand Foundry Ventures, or BFV, in Austin, Texas. agreement, which are described under Employment Agreements below. granted to Messrs. Singh and Nicoletti vest as described under Long-Term IncentivesProfits Interests.. Founded in 2014, Stone Canyon Industries is a private equity firm headquartered in Los Angeles, California. 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