Vulcan Materials CO 8-K, filed Jul 11, 2022
Vulcan Materials CO (VMC)
About this 8-K
Vulcan Materials CO filed this 8-K on July 11, 2022, reporting on events of July 8, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 8, 2022, Lydia H. Kennard was elected to the Board of Directors (the “Board”) of Vulcan Materials Company (the “Company”), effective July 11, 2022. Ms. Kennard currently serves as President and CEO of KDG Construction Consulting, a leading provider of construction management services for public infrastructure projects, and Quality Engineering Solutions, a full-service pavement engineering and construction inspection firm. Ms. Kennard is also a founding principal of KDG Aviation, LLC, an operator and developer of general aviation facilities.
Ms. Kennard has been appointed to serve on the Board’s Audit Committee and its Safety, Health and Environmental Affairs Committee. She will receive the directors fees and stock-based compensation for directors previously disclosed in the Company’s proxy statement for its 2022 Annual Meeting of Shareholders. She will stand for re-election at the Company’s 2023 Annual Meeting of Shareholders. The Board has determined that Ms. Kennard is an independent director under applicable Securities and Exchange Commission and New York Stock Exchange rules. There are no arrangements or understandings between Ms. Kennard and any other persons pursuant to which she was selected as a director. Ms. Kennard does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the Company’s press release announcing the election of Ms. Kennard to the Board is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 99.1 | Press Release, dated July 11, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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 undersigned hereunto duly authorized.
| VULCAN MATERIALS COMPANY | ||||||
| Date: July 11, 2022 | By: | /s/ Denson N. Franklin III | ||||
| Name: | Denson N. Franklin III | |||||
| Title: | Senior Vice President, General Counsel and Secretary | |||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
Investor Contact: Mark Warren (205) 298-3220
Media Contact: Janet Kavinoky (205) 298-3220
VULCAN MATERIALS COMPANY ELECTS NEW DIRECTOR
Lydia H. Kennard Joins Board of Directors
BIRMINGHAM, Ala., July 11, 2022 – Vulcan Materials Company (NYSE: VMC), the nation’s largest producer of construction aggregates, today announced the election of Lydia H. Kennard to its Board of Directors, effective immediately. Ms. Kennard will serve on the Audit and Safety, Health and Environmental Affairs Committees of the Board. Ms. Kennard currently serves as President and CEO of KDG Construction Consulting, a leading provider of construction management services for public infrastructure projects, and Quality Engineering Solutions, a full-service pavement engineering and construction inspection firm. Ms. Kennard is also a founding principal of KDG Aviation, LLC, an operator and developer of general aviation facilities. Ms. Kennard currently serves on the boards of AECOM, Freeport-McMoRan, Inc., and Prologis, Inc.
“We are privileged to welcome Lydia Kennard to Vulcan’s Board of Directors,” said Vulcan Materials’ Chairman and CEO Tom Hill. “Lydia brings to our Board the skills of an accomplished CEO and a proven track record of success. She will add valuable insights to our Board that will be an asset to Vulcan.”
With the addition of Ms. Kennard, Vulcan’s twelve-member board consists of eleven independent directors.
Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation’s largest supplier of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. For additional information about Vulcan, go to www.vulcanmaterials.com.
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