COMPASS MINERALS INTERNATIONAL INC, DEF 14A filed on 1/23/2026
Proxy Statement (definitive)
v3.25.4
Cover
 12 Months Ended
Sep. 30, 2025
Cover [Abstract]  
Document Type DEF 14A
Entity Registrant Name Compass Minerals International, Inc.
Entity Central Index Key 0001227654
Amendment Flag false
v3.25.4
Pay vs Performance Disclosure - USD ($)
 4 Months Ended 8 Months Ended 12 Months Ended 24 Months Ended 36 Months Ended 48 Months Ended 60 Months Ended
Jan. 17, 2024
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2025
Pay vs Performance Disclosure [Table]                      
Pay vs Performance Disclosure, Table    

Pay Versus Performance

 

The pay versus performance information is provided pursuant to Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K. The following table sets forth information regarding the compensation per the Summary Compensation Table (SCT) on page 53 of this Proxy Statement, the compensation actually paid (CAP) to our principal executive officer (PEO) and, on average, to our other named executive officers (Non-PEO NEOs) during the specified years, as calculated in accordance with the Pay Versus Performance (PvP) disclosure rule, and the Company’s performance.

 

                                         
   


Summary
Compensation Table
Total for PEO
($)
(b)		  

Compensation
Actually Paid to PEO
($)
(c)

    
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs
($)
(d)		    


Average
Compensation
Actually Paid
to Non-CEO
NEOs
($)
(e)

     Value of Initial
Fixed $100
Investment
Based on:		          
Fiscal
Year
(a)		          
Compass
Minerals
TSR
($)
(f)		    
Peer
Group
TSR
($)
(g)		   Net
Income
($ Millions)
(h)		     Adjusted
EBITDA(1)
($ Millions)
(i)
  Dowling     Crutchfield     Dowling     Crutchfield
2025   6,343,575   -   8,837,759   -   1,224,496   1,002,928   34   186   (79.8)   198.8
2024   5,845,645   10,423,984   5,363,532   1,540,890   1,792,079   657,407   21   135   (206)   206.0
2023   -   9,173,738   -   2,909,970   2,670,324   1,314,008   48   131   16   198.2
2022   -   10,613,024   -   4,897,914   2,777,012   1,251,000   65   114   (25)   193.1
2021   -   5,797,560   -   3,880,277   1,733,811   1,089,954   108   125   (213)   204.1
                
Company Selected Measure Name     Adjusted EBITDA                
Named Executive Officers, Footnote [Text Block]    

Column (d): The following non-CEO named executive officers are included in the average figures shown:

Fiscal Year 2021: James Standen, Mary Frontczak, George Schuller Jr., and Brad Griffith

Fiscal Year 2022: Lorin Crenshaw, Mary Frontczak, George Schuller Jr., James Standen, and Brad Griffith

Fiscal Year 2023: Lorin Crenshaw, Mary Frontczak, George Schuller Jr., and James Standen

Fiscal Year 2024: Lorin Crenshaw, Jeffrey Cathey, Mary Frontczak, Benjamin Nichols, George Schuller Jr., Jennifer Hood, and James Standen

Fiscal Year 2025: Peter Fjellman, Patrick Merrin, Benjamin Nichols, Amy Tills, Jeffrey Cathey, Mary Frontczak, and Jennifer Hood

                
Peer Group Issuers, Footnote [Text Block]    

Column (g): For the relevant fiscal year, represents the cumulative TSR of the Compensation Peer Group (“Peer Group TSR”) for the measurement periods ending on September 30 of each of 2025, 2024, 2023, 2022 and 2021. The peer group used for this purpose in 2025 consists of the following companies: Alpha Metallurgical Resources, Inc., Arch Resources, Inc., Balchem Corporation, Coeur Mining, Inc., Ecovyst Inc., Hecla Mining Company, Innospec Inc., Koppers Holdings Inc., LSB Industries, Inc., Metallus Inc., Minerals Technologies Inc., Peabody Energy Corporation, Ramaco Resources, Inc., Sensient Technologies Corporation, SSR Mining Inc., Tronox Holdings plc, U.S. Silica Holdings, Inc., and Warrior Met Coal, Inc The peer group used for this purpose in 2024 and 2023 consists of the following companies: Albemarle Corporation, Alpha Metallurgical Resources, Inc., Arch Resources, Inc., Balchem Corporation, Coeur Mining, Inc., Eagle Materials Inc., Hecla Mining Company, Innospec Inc., Koppers Holdings Inc., Livent Corporation, Minerals Technologies Inc., Peabody Energy Corporation, Sensient Technologies Corporation, Summit Materials, Inc., Tronox Holdings plc, U.S. Silica Holdings, Inc., and Warrior Met Coal, Inc. The peer group used for this purpose in 2021 and 2022 consists of the following companies: Albemarle Corporation, Alpha Metallurgical Resources, Inc., Arch Resources, Inc., Balchem Corporation, Cleveland-Cliffs Inc., Coeur Mining, Inc., Eagle Materials Inc., Ferro Corporation, H.B. Fuller Company, Hecla Mining Company, Innospec Inc., Minerals Technologies Inc., Peabody Energy Corporation, The Scotts Miracle-Gro Company, Sensient Technologies Corporation, Summit Materials, Inc., Tronox Holdings plc, U.S. Concrete, Inc., U.S. Silica Holdings, Inc., and Warrior Met Coal, Inc.

                
Adjustment To PEO Compensation, Footnote    

Column (c): “Compensation Actually Paid to the PEO” in each of fiscal years 2025, 2024, 2023, 2022, and 2021 reflects the respective amounts set forth in column (b) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. For information regarding the decisions made by the Compensation Committee in regard to the PEO’s compensation for each fiscal year, please see the Compensation Discussion & Analysis sections of the proxy statements reporting pay for the fiscal years covered in the table above.

 

    Fiscal Year   2021   2022   2023   2024 2025
  CEO       Crutchfield       Crutchfield       Crutchfield       Dowling       Crutchfield       Dowling
  SCT Total Compensation ($)   5,797,560   10,613,024   9,173,738   5,845,645   10,423,984   6,343,575
  Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)   3,477,562   7,881,343   5,997,970   3,535,579   3,934,025   3,500,019
  Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)   1,466,383   6,017,107   2,856,593   3,053,466   0   5,320,412
  Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)   (495,027)   (2,724,785)   (3,325,077)   0   0   645,845
  Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)   588,923   (1,126,088)   202,685   0   (66,604)   48,947
  Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)   -   -   -   0   (4,882,466)   0
  Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)   -   -   -   0   0   21,000
  Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)   -   -   -   0   0   0
  Compensation Actually Paid ($)   3,880,277   4,897,914   2,909,970   5,363,532   1,540,890   8,837,759

 

Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Performance share unit grant date fair values are calculated using the stock price as of date of grant assuming target performance. Adjustments have been made using the stock price and performance modifier as of year-end and as of the date of vest. Time-vested restricted share unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of year-end and as of each date of vest.

                
Non-PEO NEO Average Total Compensation Amount     $ 1,224,496 $ 1,792,079 $ 2,670,324 $ 2,777,012 $ 1,733,811        
Non-PEO NEO Average Compensation Actually Paid Amount     $ 1,002,928 657,407 1,314,008 1,251,000 1,089,954        
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]    

Column (e): “Average Compensation Actually Paid to Non-PEO NEOs” in each of fiscal years 2025, 2024, 2023, 2022, and 2021 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned by or paid to our non-PEO NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee in regard to the non-PEO NEOs’ compensation for each fiscal year, please see the Compensation Discussion and Analysis sections of the proxy statements reporting pay for the fiscal years covered in the table above.

 

    Fiscal Year       2021       2022       2023       2024       2025
  Non-CEO NEOs   See Column
(d) Note		   See Column
(d) Note		   See Column
(d) Note		   See Column
(d) Note		   See Column
(d) Note
  SCT Total Compensation ($)   1,733,811   2,777,012   2,670,324   1,792,079   1,224,496
  Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)   972,178   1,272,670   1,561,016   860,161   654,166
  Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)   405,201   547,929   609,311   170,509   596,436
  Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)   (34,082)   (303,692)   (459,642)   (105,065)   2,853
  Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)   (42,798)   (87,736)   55,031   (14,085)   2,030
  Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)   -   (409,843)   -   (325,870)   (155,772)
  Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)   -   -   -   0   12,949
  Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)   -   -   -   0   0
  Compensation Actually Paid ($)   1,089,954   1,251,000   1,314,008   657,407   1,002,928

 

Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Performance share unit grant date fair values are calculated using the stock price as of date of grant assuming target performance. Adjustments have been made using the stock price and performance modifier as of year-end and as of the date of vest. Time-vested restricted share unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of year-end and as of each date of vest.

                
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    

Relationship Between Pay and Performance

 

Below are graphs showing the relationship of “compensation actually paid” to our Chief Executive Officer and other named executive officers in fiscal years 2021, 2022, 2023, 2024, and 2025 to (1) TSR of both Compass Minerals and the Peer Group, (2) Compass Minerals’ net income and (3) Compass Minerals’ adjusted EBITDA(1).

 

CAP vs Total Shareholder Return

 

(1)  For the definition of EBITDA, please refer to page 10.
                
Compensation Actually Paid vs. Net Income [Text Block]    

Relationship Between Pay and GAAP Net Income

 

The following shows the relationship between PEO CAP, Average Non.PEO NEO CAP and GAAP Net Income.

 

CAP vs GAAP Net Income (Loss)

                
Compensation Actually Paid vs. Company Selected Measure [Text Block]    

Relationship Between Pay and Adjusted EBITDA

 

The following shows the relationship between PEO CAP, Average Non.PEO NEO CAP, and Adjusted EBITDA.

 

CAP vs Adjusted EBITDA

                
Tabular List [Table Text Block]    

Most Important Performance Measures

 

Listed below are the performance measures which in our assessment represent the most important financial performance measures we use to link compensation actually paid to our named executive officers, for fiscal 2025, to company performance.

 

Measure
Adjusted EBITDA(1)
Adjusted Operating Cash Flow
Free Cash Flow
Relative Total Shareholder Return (rTSR)
Return on Capital Employed (ROCE)
Safety - Total Recordable Injury Rate (TRIR)
(1)  For the definition of EBITDA, please refer to page 10.
                
Total Shareholder Return Amount             108 $ 65 $ 48 $ 21 $ 34
Peer Group Total Shareholder Return Amount             125 $ 114 $ 131 $ 135 $ 186
Net Income (Loss) Attributable to Parent     $ (79,800,000) $ (206,000,000) $ 16,000,000 $ (25,000,000) $ (213,000,000)        
Company Selected Measure Amount     198,800,000 206,000,000.0 198,200,000 193,100,000 204,100,000        
PEO Name Crutchfield Dowling Dowling   Crutchfield Crutchfield Crutchfield        
Measure [Axis]: 1                      
Pay vs Performance Disclosure [Table]                      
Measure Name     Adjusted EBITDA(1)                
Measure [Axis]: 2                      
Pay vs Performance Disclosure [Table]                      
Measure Name     Adjusted Operating Cash Flow                
Measure [Axis]: 3                      
Pay vs Performance Disclosure [Table]                      
Measure Name     Free Cash Flow                
Measure [Axis]: 4                      
Pay vs Performance Disclosure [Table]                      
Measure Name     Relative Total Shareholder Return (rTSR)                
Measure [Axis]: 5                      
Pay vs Performance Disclosure [Table]                      
Measure Name     Return on Capital Employed (ROCE)                
Measure [Axis]: 6                      
Pay vs Performance Disclosure [Table]                      
Measure Name     Safety - Total Recordable Injury Rate (TRIR)                
Stockand Option Award Values Reportedin S C Tforthe Covered Year [Member] | Non-PEO NEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount     $ 654,166 $ 860,161 $ 1,561,016 $ 1,272,670 $ 972,178        
Fair Valuefor Stockand Option Awards Grantedinthe Covered Year [Member] | Non-PEO NEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount     596,436 170,509 609,311 547,929 405,201        
Changein Fair Valueof Outstanding Unvested Stockand Option Awardsfrom Prior Years [Member] | Non-PEO NEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount     2,853 (105,065) (459,642) (303,692) (34,082)        
Changein Fair Valueof Stockand Option Awardsfrom Prior Yearsthat Vestedinthe Covered Year [Member] | Non-PEO NEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount     2,030 (14,085) 55,031 (87,736) (42,798)        
Fair Valueof Stockand Option Awards Forfeitedduringthe Covered Year [Member] | Non-PEO NEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount     (155,772) (325,870) (0) (409,843) (0)        
Aggregate Changein Actuarial Present Valueof Accumulated Benefit Under Pension Plans [Member] | Non-PEO NEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount     12,949 0 (0) (0) (0)        
Aggregate Service Costand Prior Service Costfor Pension Plans [Member] | Non-PEO NEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount     0 0 (0) (0) (0)        
Dowling [Member]                      
Pay vs Performance Disclosure [Table]                      
PEO Total Compensation Amount   $ 5,845,645 6,343,575 5,845,645 (0) (0) (0)        
PEO Actually Paid Compensation Amount   5,363,532 8,837,759 5,363,532 (0) (0) (0)        
Dowling [Member] | Stockand Option Award Values Reportedin S C Tforthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount   3,535,579 3,500,019                
Dowling [Member] | Fair Valuefor Stockand Option Awards Grantedinthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount   3,053,466 5,320,412                
Dowling [Member] | Changein Fair Valueof Outstanding Unvested Stockand Option Awardsfrom Prior Years [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount   0 645,845                
Dowling [Member] | Changein Fair Valueof Stockand Option Awardsfrom Prior Yearsthat Vestedinthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount   0 48,947                
Dowling [Member] | Fair Valueof Stockand Option Awards Forfeitedduringthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount   0 0                
Dowling [Member] | Aggregate Changein Actuarial Present Valueof Accumulated Benefit Under Pension Plans [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount   0 21,000                
Dowling [Member] | Aggregate Service Costand Prior Service Costfor Pension Plans [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount   $ 0 0                
Crutchfield [Member]                      
Pay vs Performance Disclosure [Table]                      
PEO Total Compensation Amount $ 10,423,984   (0) 10,423,984 9,173,738 10,613,024 5,797,560        
PEO Actually Paid Compensation Amount 1,540,890   $ (0) $ 1,540,890 2,909,970 4,897,914 3,880,277        
Crutchfield [Member] | Stockand Option Award Values Reportedin S C Tforthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount 3,934,025       5,997,970 7,881,343 3,477,562        
Crutchfield [Member] | Fair Valuefor Stockand Option Awards Grantedinthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount 0       2,856,593 6,017,107 1,466,383        
Crutchfield [Member] | Changein Fair Valueof Outstanding Unvested Stockand Option Awardsfrom Prior Years [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount 0       (3,325,077) (2,724,785) (495,027)        
Crutchfield [Member] | Changein Fair Valueof Stockand Option Awardsfrom Prior Yearsthat Vestedinthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount (66,604)       202,685 (1,126,088) 588,923        
Crutchfield [Member] | Fair Valueof Stockand Option Awards Forfeitedduringthe Covered Year [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount (4,882,466)       (0) (0) (0)        
Crutchfield [Member] | Aggregate Changein Actuarial Present Valueof Accumulated Benefit Under Pension Plans [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount 0       (0) (0) (0)        
Crutchfield [Member] | Aggregate Service Costand Prior Service Costfor Pension Plans [Member] | PEO [Member]                      
Pay vs Performance Disclosure [Table]                      
Adjustment to Compensation Amount $ 0       $ (0) $ (0) $ (0)        
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Sep. 30, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true