Compass Minerals International, Inc. Non-Employee Director Compensation Policy Summary (as of January 1, 2021)
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Summary
Compass Minerals International, Inc. provides compensation to its non-employee directors under its Non-Employee Director Compensation Policy. Each non-employee director receives an annual cash retainer of $75,000, plus additional cash fees for serving as a chair or member of Board committees. The Non-Executive Chairman receives extra annual cash and equity awards. All non-employee directors also receive annual equity awards. This policy outlines the structure and amounts of compensation for Board service, effective January 1, 2021.
EX-10.23 3 cmp-20201231x10kxex1023.htm EX-10.23 Document
 | Exhibit 10.23 | ||||
Summary of Non-Employee Director Compensation
As of January 1, 2021
The following compensation will be provided to non-employee members of the Board of Directors (the “Board”) of Compass Minerals International, Inc. (the “Company”) pursuant to the Company’s Non-Employee Director Compensation Policy.
A.Cash Compensation
1. Annual Retainer. Each non-employee director will receive a $75,000 annual cash retainer for service on the Board.
2. Committee Service Fee. In addition, each non-employee director serving as a chair or member of any of the following Board committees will receive an annual cash fee for committee service, as follows:
| Committee | Chair | Members | ||||||
| Audit Committee | $22,500 | $10,000 | ||||||
| Compensation Committee | $15,000 | $7,500 | ||||||
| Nominating/Corporate Governance Committee | $12,500 | $5,000 | ||||||
| Environmental, Health & Safety Committee | $12,500 | $5,000 | ||||||
3. Non-Executive Chairman of the Board. In addition, the Non-Executive Chairman of the Board will receive an annual cash fee of $65,000 for service as Non-Executive Chairman of the Board.
B.Equity Compensation.
1.Annual Equity Award. Each non-employee director will receive an equity award with an annual equity award value of $115,000 for service on the Board.
2.Non-Executive Chairman of the Board. In addition, the Non-Executive Chairman of the Board will receive an equity award with an annual equity award value of $55,000 for service as Non-Executive Chairman of the Board.
