Vulcan Materials CO 8-K, filed Mar 11, 2020
Vulcan Materials CO (VMC)
About this 8-K
Vulcan Materials CO filed this 8-K on March 11, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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 March 11, 2020, George Willis was elected to the Board of Directors (the “Board”) of Vulcan Materials Company (the “Company”), effective immediately. Mr. Willis currently serves as President, U.S. Operations of UPS (NYSE: UPS), a global leader in logistics, offering a broad range of solutions including transporting packages and freight, facilitating international trade, and deploying advanced technology to more efficiently manage the world of business.
Mr. Willis has been appointed to serve on the Board’s Audit Committee and its Safety, Health and Environmental Affairs Committee. He will receive the directors fees and stock-based compensation for directors previously disclosed in the Company’s proxy statement for its 2019 Annual Meeting of Shareholders. He will stand for re-election at the Company’s upcoming 2020 Annual Meeting of Shareholders. There are no arrangements or understandings between Mr. Willis and any other persons pursuant to which he was selected as a director. Mr. Willis 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 Mr. Willis 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 No. |
Description | |||
| 99.1 |
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| 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: March 11, 2020 |
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
George Willis, Experienced Operations and Logistics Leader, Joins Board of Directors
BIRMINGHAM, Ala., March 11, 2020 – Vulcan Materials Company (NYSE: VMC), the nation’s largest producer of construction aggregates, today announced the election of George Willis to its Board of Directors, effective immediately. Mr. Willis will serve on the Audit and Safety, Health and Environmental Affairs Committees of the Board. Mr. Willis is the President, U.S. Operations of UPS (NYSE: UPS), a global leader in logistics, offering a broad range of solutions including transporting packages and freight, facilitating international trade, and deploying advanced technology to more efficiently manage the world of business.
“We are delighted to welcome George Willis to Vulcan’s Board of Directors,” said Vulcan Materials Company Chairman and CEO Tom Hill. “George has demonstrated exceptional leadership in his over 35-year career with UPS. His extensive experience with operations and logistics in a complex global business environment will provide us with invaluable insight on matters critical to our business.”
With the addition of Mr. Willis, Vulcan’s eleven-member board consists of ten independent directors.
Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation’s largest producer of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt mix and ready-mixed concrete. For additional information about Vulcan, go to www.vulcanmaterials.com.
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