Business Context and Reporting Period
This Form 8-K Current Report was filed by Koppers Holdings Inc. on April 25, 2014. The filing reports a specific corporate governance event regarding the appointment of a senior officer.
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 personnel changes and does not contain financial performance data.
Material Changes
On April 25, 2014, James A. Sullivan was promoted from Vice President of Business Development to Senior Vice President, Global Carbon Materials & Chemicals, effective immediately. Prior to joining Koppers in June 2013, Mr. Sullivan served as Senior Vice President, Americas of Calgon Carbon Corporation.
Management Commentary and Compensation
Mr. Sullivan's new compensation package includes:
- Annual base salary of $246,000.
- Participation in the Corporate Koppers Value Added Plan with an annual incentive target of 25% of the annual base salary.
- Participation in the Company's Amended and Restated 2005 Long Term Incentive Plan (LTIP).
Investor Verification Checklist
- Confirm the effective date of the promotion (April 25, 2014).
- Verify the specific scope of the new role: Global Carbon Materials & Chemicals.
- Review the terms of the Corporate Koppers Value Added Plan and LTIP for performance metrics.
- Check subsequent filings for any impact on executive compensation expenses.