8-K
Minerals Technologies Inc (MTX)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 OR 15\(d\) of The Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): May 13, 2025 | ||
|---|---|---|
| MINERALS TECHNOLOGIES INC. | ||
| --- | ||
| (Exact name of registrant as specified in its charter) | ||
| Delaware | 001-11430 | 25-1190717 |
| --- | --- | --- |
| (State or other jurisdiction<br><br> of incorporation) | (Commission File<br><br> Number) | (IRS Employer<br><br> Identification No.) |
| 622 Third Avenue,<br> New York, New York | 10017-6707 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) | |
| (212) 878-1800 | ||
| --- | --- | |
| (Registrant's telephone number, including area code) | ||
| Title of each class | Trading Symbol | Name of exchange on which registered |
| --- | --- | --- |
| Common Stock, $0.10 par value | MTX | NYSE |
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the<br> following provisions. | ||
| --- | --- | |
| [☐ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [☐ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [☐ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [☐ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act<br><br> (17 CFR 240.13e-4(c)) | |
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)<br> or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).<br><br> <br>Emerging growth company [☐] | ||
| --- | ||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any<br> new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] |
Item 5.07 Submission of a Matter to a Vote of Security Holders.
On May 14, 2025, Minerals Technologies Inc. (the “Company”) held its Annual Meeting of Shareholders. A total of 30,261,759 shares were represented in person or by proxy at the meeting, or 95.10% of the eligible voting shares. The matters voted upon and the final results of the vote were as follows:
Proposal 1. The nominees for election to the Board of Directors named in the Company’s 2025 Proxy Statement were elected for three-year terms based upon the following votes:
| Nominee | Votes For | Votes<br><br> Against | Votes<br><br> Abstained | Broker<br><br> Non-Votes |
|---|---|---|---|---|
| Douglas T. Dietrich | 29,087,878 | 660,975 | 7,277 | 505,629 |
| Rocky Motwani | 28,557,848 | 1,168,580 | 29,702 | 505,629 |
| Carolyn K. Pittman | 28,964,857 | 754,441 | 36,832 | 505,629 |
Proposal 2. The proposal to ratify the appointment of KPMG LLP as the independent registered public accounting firm of the Company for the 2025 fiscal year received the following votes:
| Votes For | Votes Against | Votes Abstained |
|---|---|---|
| 29,123,196 | 1,121,627 | 16,936 |
Proposal 3. The proposal to approve, on an advisory basis, the 2024 compensation of the Company’s named executive officers received the following votes:
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes |
|---|---|---|---|
| 23,488,829 | 6,242,168 | 25,133 | 505,629 |
Item 8.01 Other Events
On May 13, 2025, the Company’s Board of Directors declared a regular quarterly dividend of $0.11 per share on the Company's common stock. The dividend is payable on June 12, 2025 to the stockholders of record on May 30, 2025. A copy of the press release announcing the dividend declaration is attached hereto as Exhibit 99.1 and incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. | ||
|---|---|---|---|
| (d) | Exhibits | ||
| 99.1 | Press Release dated May 13, 2025 | ||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) |
| SIGNATURES | ||
|---|---|---|
| Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the<br> undersigned hereunto duly authorized. | ||
| MINERALS TECHNOLOGIES INC. | ||
| --- | --- | --- |
| (Registrant) | ||
| By: | /s/ Timothy J. Jordan | |
| Name: | Timothy J. Jordan | |
| Title: | Vice President, General Counsel, Secretary and Chief Compliance Officer | |
| Date: May 15, 2025 |
EXHIBIT 99.1
Minerals Technologies Inc. Declares Quarterly Dividend
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.11 (eleven cents) per share on the outstanding common stock of the Company. The quarterly cash dividend announced today is payable on June 12, 2025, to shareholders of record at the close of business on May 30, 2025.
About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI serves globally a wide range of consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. The company reported global sales of $2.1 billion in 2024. For further information, please visit our website at www.mineralstech.com.
Investor Relations Contact
Lydia Kopylova
lydia.kopylova@mineralstech.com
Media Contact
Stephanie Heise
stephanie.heise@mineralstech.com