M&A - COMPASS MINERALS INTERNATIONAL INC

Form Type: 11-K

Filing Date: 2025-06-26

Corporate Action: Acquisition

Type: New

Accession Number: 000122765425000118

Filing Summary: This annual report pertains to the Compass Minerals International, Inc. 401(k) Savings Plan, detailing the financial status as of December 31, 2024. The report includes audited financial statements reflecting a net asset increase to $168,912,221 from $152,512,427, facilitated by investments and employee contributions. Key highlights include investment performance with a net appreciation in fair value of $20,185,379 and participant contributions totaling $14,614,753. The report notes a transfer of assets from Fortress North America, LLC due to its acquisition on June 3, 2024, amounting to $180,501. The financial statements adhere to U.S. GAAP, confirming compliance with ERISA requirements. The plan administers participant accounts allowing contributions, with matching from the company, and details potential risks and uncertainties related to market changes. Significant accounting policies affecting net asset valuations and participant investment options are outlined, alongside disclosures about party-in-interest transactions. Lastly, it mentions the plan's qualification under Internal Revenue Code and absence of uncertain tax positions.