Recent Updates — CMP
Ashley Ward resigned as Chief Accounting Officer effective October 23, 2026. The company appointed Brett Teuscher to the role on October 28, 2026. Teuscher brings 19 years of finance experience from BlueScope and other firms. His compensation includes a $300,000 base salary and a target equity award value of $115,000 annually. Compass Minerals International Inc. produces and distributes salt-based products for de-icing roads and industrial applications.
On October 9, 2026, David Safran resigned as a director of Compass Minerals International, Inc. The Board voted on October 14 to accept the resignation and reduce the total number of directors from nine to eight. This governance change alters the composition of the board without adding new members. Compass Minerals International operates in the industrial minerals sector, producing salt for de-icing roads and magnesium oxide for agricultural and industrial applications.
Compass Minerals International announced that Patrick Merrin ceased serving as Chief Operations Officer effective August 3, 2026, and appointed Brandon Risner to the role. Mr. Risner, age 51, joins with over 25 years of mining experience, having served as Vice President of Operations for Ogden and Commercial & Industrial segments since August 2024. His compensation includes a $450,000 annual base salary, a bonus target of 70% of base salary, and an annual equity award value of $600,000. The company operates in the minerals industry, producing salt for de-icing and plant nutrition products for agriculture.
Compass Minerals International, Inc. reported fiscal 2026 third-quarter results on August 5, 2026, posting a net loss of $5.7 million compared to a $17.0 million loss in the prior-year period. Total company Adjusted EBITDA was $39.9 million, down from $41.0 million year-over-year, driven by higher per-unit costs and distribution expenses in the Salt segment which offset improved pricing and lower costs in Plant Nutrition. The company raised its full-year 2026 consolidated Adjusted EBITDA guidance midpoint to $230 million within a range of $218 million to $242 million, citing stronger-than-expected Plant Nutrition performance. Total debt declined 13% to $716.6 million as of June 30, 2026, reducing net leverage to 2.8 times from 4.3 times a year ago. Additionally, S&P Global Ratings upgraded the company’s corporate credit rating to ‘B+’ with a stable outlook. Compass Minerals is a leading global provider of essential minerals focused on salt and plant nutrition products.