Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
EffectiveMarch 24, 2022 , the Board of Directors (the "Board") ofCompass Minerals International, Inc. (the "Company") increased the size of the Board from seven directors to eight directors and appointedEdward C. Dowling , Jr. as a director with a term expiring at the Company's next annual meeting of stockholders.Mr. Dowling is an independent director and has been appointed to the Compensation Committee and theEnvironmental, Health, Safety and Sustainability Committee of the Board. As a non-employee director,Mr. Dowling will be entitled to receive the same compensation as the Company's other non-employee directors, as described in the Summary of Non-Employee Director Compensation, which is attached as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter endedDecember 31, 2021 , and in accordance with the Company's Non-Employee Director Compensation Policy, which is attached as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter endedJune 30, 2020 . In addition,Mr. Dowling received an equity grant onMarch 24, 2022 , which will vest onMarch 24, 2023 , with an equity value equal to$120,000 (the annual equity award value paid to the Company's non-employee directors), prorated based on the number of daysMr. Dowling will serve in advance of the anticipated date of the Company's 2023 annual meeting of stockholders.Mr. Dowling and the Company have entered into the Company's standard form of indemnification agreement. There is no arrangement or understanding betweenMr. Dowling and any other person pursuant to whichMr. Dowling was appointed as a director. Furthermore, there are no transactions betweenMr. Dowling (or any member of his immediate family) and the Company (or any of its subsidiaries) that would be required to be reported under Item 404(a) of Regulation S-K. The Company issued a press release announcingMr. Dowling's appointment to the Board onMarch 24, 2022 . A copy of the press release is attached as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Exhibit Description 99.1 Press release issued byCompass Minerals International, Inc. onMarch 24, 2022 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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