Business Context and Reporting Period
This Form 8-K Current Report was filed by Koppers Holdings Inc. on November 6, 2014. The filing addresses significant changes in executive leadership effective January 1, 2015.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance.
Material Changes
- Executive Appointment: Leroy M. Ball, Jr. was appointed as President and Chief Executive Officer of Koppers Holdings Inc. and Koppers Inc., effective January 1, 2015.
- Executive Retirement: Walter W. Turner will retire as President and Chief Executive Officer effective January 1, 2015.
- Board Continuity: Mr. Turner will continue to serve as a member of the Company's Board of Directors following his retirement.
Management Commentary and Outlook
Mr. Ball, age 45, currently serves as Chief Operating Officer. He previously held the roles of Chief Operating Officer and Chief Financial Officer from May 2014 to August 2014, and Vice President and Chief Financial Officer from September 2010 to May 2014. Prior to joining Koppers, he served as Senior Vice President and Chief Financial Officer of Calgon Carbon Inc. since 2002. A press release detailing this transition was issued on November 7, 2014.
Investor Verification Checklist
- Confirm the exact effective date of the leadership transition (January 1, 2015).
- Verify Mr. Ball's current role as Chief Operating Officer prior to the CEO appointment.
- Review the attached press release (Exhibit 99.1) for additional strategic context regarding the succession plan.
- Check subsequent filings for any changes to Mr. Turner's compensation or board responsibilities post-retirement.