Business Context and Reporting Period
This Form 8-K Current Report from Koppers Holdings Inc. (NYSE: KOP) covers events occurring on January 1, 2020, with the report filed on January 6, 2020. The filing primarily addresses executive leadership changes within the company.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on executive compensation and appointment details.
- Executive Base Salary: $500,000 annually for the new Executive Vice President and Chief Operating Officer.
- Target Cash Incentive: 75% of annual base salary.
- Target Long-Term Incentive: 200% of annual base salary.
Material Changes
The primary material change reported is the appointment of James A. Sullivan as Executive Vice President and Chief Operating Officer of Koppers Holdings Inc. and Koppers Inc., effective January 1, 2020. Mr. Sullivan previously served as Senior Vice President, Railroad Products and Services and Global Carbon Materials and Chemicals.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on market conditions, or discussion of risks and contingencies. It is a procedural report regarding personnel changes and associated compensatory arrangements.
Investor Verification Checklist
- Verify the effective date of James A. Sullivan's new role (January 1, 2020).
- Confirm the total target compensation package structure ($500k base + 75% cash incentive + 200% long-term incentive).
- Review the attached press release (Exhibit 99.1) for additional context on the leadership transition.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.