Compass Minerals International, Inc. - Form 8-K Filing

Compass Minerals International, Inc. has reported the preliminary approval of a settlement for stockholder derivative actions. The lawsuits, Morelli v. Crutchfield et al. and Assad v. Crutchfield et al., alleged breaches of fiduciary duties by current and former directors and officers. The settlement requires the company to adopt corporate governance reforms for at least five years. In recognition of these reforms, Compass\'s insurers will pay \$850,000 in attorneys\' fees and expenses to Plaintiffs\' Counsel. Additionally, the two lead plaintiffs may receive service awards of up to \$1,500 each, funded from the attorneys\' fees. The court has preliminarily approved the settlement, and a final approval hearing is scheduled for February 20, 2026. The settlement aims to resolve all claims related to the alleged issuance of misleading statements and omissions concerning the safety and prospects of the company\'s magnesium chloride-based aerial fire retardants and a potential contract with the U.S. Forest Service. The company and individual defendants deny all allegations of wrongdoing.