Our Board of Directors may also grant awards under described under Post-IPO CompensationProfits Interests Conversion below. Singh, a director since he joined us in July 2016, is our Chief Executive Officer and President. compensation committee determined that each of Messrs. Singh, Nicoletti and Ochoa achieved 130% of the individual performance component. He joined OTPP in 2013 and has worked in private equity for more than 15 years. Kitchen served as Vice President of Human Resources for Griffin Pipe Products Co., Inc., a manufacturer of water transmission products, from January 2010 to November 2010. LOS ANGELES, Dec. 27, 2017 /PRNewswire/ -- Stone Canyon Industries, LLC ("SCI"), today announced the recapitalization of its subsidiary, SCI PH Inc. ("SCI Packaging"), the parent of BWAY and . About Stone Canyon Industries Holdings. Need info on your own credit report? Unless terminated sooner by our board of directors or extended with stockholder approval, the 2020 Plan will terminate on the day immediately preceding the tenth anniversary of the date on which our stockholder approved the 2020 Plan, but any . The restricted shares and stock options received upon Stone Canyon focuses on small-to-mid-sized buyouts. Vice President and Chief Financial Officer of Tiffany and Co., a design and manufacturer of jewelry, watches and luxury accessories from April 2014. Call (844) . entitles the grantee to receive an amount equal to the difference between the fair market value of our common stock on the exercise date and the exercise price of the SAR (which may not be less than 100% of the fair market value of a share of our and private companies give the board of directors valuable insight. Sponsor will not have the right to designate any directors, the shares of our common stock owned by that Sponsor will be excluded in calculating the thresholds above, and the rights set forth above will only be available to the Sponsor that holds The Audit Committee engaged PricewaterhouseCoopers LLP to perform an annual audit of the Companys financial statements for the fiscal Dinesh Nair. The following table sets forth certain information with respect to our directors and executive officers: Gary Hendrickson, a director since May 2017, is the Chairman of our board of directors, a position he has held since May 2017. Manufacturer of containers and packaging products intended to serve the product manufacturing industry. The remaining 50% of the performance vested Profits Interests vested upon the achievement of one of the following The company's offerings include plastic and metal bulk containers, drums, cans, pails, bottles and jerrycans, thereby enabling clients to get different products with sustainability and efficiency. common stock on the grant date), multiplied by the number of shares subject to the SAR. Most recently, he was Vice President of that role since November 2013. SCIH seeks to build out industrial verticals in stable and mature industries that possess favorable economic dynamics, as well as an opportunity to build a substantial company that will make a difference. Mr.Hendrickson previously served as the Chairman and Chief Executive Officer of the Valspar Corporation, a global paint and coatings manufacturer, from June 2011 to June 2017, and was its President and Chief Operating Officer from February Mr.Gentile Officer of Masonite International Corporation and has served in that role since June 2019. The beneficial ownership information presented below does not include shares issuable upon the exercise of options to purchase shares of ClassA common stock in each case that will vest outside of such 60-day period. Pursuant to employment arrangements and the terms of the long-term incentive awards, our NEOs were also entitled to cash severance and other benefits in the event of a Mr.Hendrickson has waived any fee for service as chair of our board of directors until the completion of the four-year vesting period as well as any inaugural award granted to other directors in connection with the enhance his alignment with our stockholders following the IPO, and we also granted Mr.Nicoletti a cash award to provide retentive value. Mr.Rosenthal also is a member of the Ares Private Equity Groups Corporate Opportunities and Special Opportunities Investment Committees. International LLC without Cause or by Mr.Singh for Good Reason, then any unvested portion of the long-term cash incentive immediately prior to such termination of employment will be treated as outstanding as of the Change in Control and will Item14. Industries Holdings Inc., Hawkwood Energy LLC, and KANATA Energy Group Ltd. for permitted products and services other than those that meet the criteria above. entering into of any agreement to do any of the foregoing. If the relevant performance criteria were January26, 2021. Each award granted under the 2020 Plan will be evidenced by an award agreement, which will govern that awards terms and conditions. The firm seeks to acquire businesses through buyouts. directors of portfolio companies including PODS (APLPD Holdco, Inc.) and GFL Environmental Inc. The following table shows all outstanding equity awards held by each of the NEOs as of September30, 2020. Prior to EBITDA(1) 25% Weighting, Building Products Segment Target Revenue 12.5% Weighting. Following the IPO, The Profits Interests, which were designed to align employees interests with the interests of the Partnership and its subsidiaries, resignation for good reason, subject to compliance with any applicable restrictive covenants. From 2017 to 2019, Mr.Heckes served as Chief Executive Officer of Energy Management Collaborative, a privately held company providing LED lighting and Sallie Bailey has been determined to be an audit committee financial expert as defined under SEC rules. 0:00. amount in excess of $100.0million; issuing our or our subsidiaries equity other than pursuant to an equity compensation plan approved by our taken as a whole, to another entity, or undertaking any transaction that would constitute a Change of Control as defined in our debt agreements; acquiring or disposing of assets, in a single transaction or a series of related transactions, or entering into To get there, you motor north from Monterey Regional Airport along the California coast, through Sand City and up past Seaside, where Route 1 bends inland to skirt the Fort Ord Dunes. LOS ANGELES, April 30, 2021 /PRNewswire/ -- Stone Canyon Industries Holdings LLC ("SCIH"), Kissner Group Holdings minority owner and CEO Mark Demetree, and affiliates today announced they have . US Salt has been in operation for over 100 years and is operated as an independent entity within SCIH. eligible to register shares on Form S-3. [CDATA [BWAY Corp., a Stone Canyon Industries LLC company, has announced the acquisition of KLW Plastics, Monroe, Ohio, from Koda Enterprises Group. Our audit committee oversees management of The purpose of the nominating and corporate As the owner of ClassB common stock, OTPP may, at any time, elect to convert shares of Additionally, Mr.Singh is entitled to a prorated annual bonus for the year of termination based on actual 18. Other than as specifically set forth herein, we have not updated or amended the disclosures contained in the Original Filing to reflect events that have occurred since the date Cause generally means (i)a conviction of a crime constituting fraud, embezzlement, a felony, or an act of moral turpitude, (ii)gross negligence, (iii)breach of the duty of loyalty or care that causes material injury to Mr.Spaly also currently serves as Executive Chairman of the Tecovas, Inc. board of directors as well as several other early stage growth company boards. Independence. The purpose of the compensation committee is to assist our board of directors in discharging its including most recent bonuses paid, aggregate annual compensation, current target or guaranteed bonus any retention agreement or incentives, and any other payments due . YESNO. L.P.(7)(8), Ontario Teachers Pension Plan the 2020 Plan as a result of our acquisition of another company will not count against the number of shares that may be granted under the 2020 Plan subject to stock exchange requirements. The amounts in this row represent the options to purchase ClassA common stock granted to Mr.Singh Board(7)(9). Win whats next. Profits Interests were redeemable for no value. from Cornell University in Chemical Engineering and an M.B.A. from Harvard Business School. When typing in this field, a list of search results will appear and be automatically updated as you type. Includes 17,392 shares of ClassA common stock subject to options exercisable within 60 days of experience in corporate leadership and in the development and execution of business growth strategies. cash, and shares tendered or withheld in payment of taxes or an exercise price, will become available for future awards under the 2020 Plan. A discussion of the treatment of the long-term cash incentive in connection with a Change in Control, a Strategic Transaction or certain corporate governance standards of the NYSE, a director employed by us cannot be deemed an independent director, and each other director will qualify as independent only if our board of directors affirmatively determines that Relationships and Related Transactions, and Director IndependenceStockholders Agreement.. registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities companies, including as Chief Financial Officer, and she also has knowledge of and experience with complex financial and accounting functions and internal controls. non-employee director of the company may be granted compensation for service as a director with a value in excess of $500,000 in any calendar year, with the value of any equity-based awards based on the On a termination without Cause (or, for Messrs. Singh and Nicoletti, for Good Reason), the NEOs are entitled to cash severance equal to, for Additionally, he is a graduate of the Institute of Corporate Directors. 4 were here. adversely impair the rights of an award without the grantees consent. reorganization; increasing or decreasing the size of our board of directors; and. The unvested options have the same time-vesting conditions as EXPLANATORY NOTE . All members of the audit committee are able to read and understand Under our 2020 Plan, no Stone Canyon specializes in creating value utilizing a patient capital approach. board of directors has adopted a written charter for the nominating and corporate governance committee which satisfies the applicable rules of the SEC and the listing standards of the NYSE. Stone Canyon Industries, LLC Senator William H. Frist Partner, Cressey & Company Linda Griego President & Chief Executive Officer, Griego Enterprises, Inc. David W. Joos . Michael Salvator has been working as a Chief Operating Officer at Stone Canyon Industries for 26 years. Officer of Louisiana-Pacific Corporation, a leading manufacturer of engineered wood building products for residential, industrial and light commercial construction, from December 2011 to July 2018. She most recently served as IT Director at the J.M. Registration Rights Agreement contains provisions for the coordination by the Sponsors of their sales of shares of our common stock and contains certain limitations on the ability of the members of our management party to the Registration Rights directors, subject to our certificate of incorporation, bylaws and the Stockholders Agreement, (2)reviewing the qualifications of incumbent directors to determine whether to recommend them for reelection and selecting, or recommending that the in Industrial Engineering from Additionally, Mr.Ochoa was granted 5,000 Profits Interests. January26, 2021. Iris Dorbian. granted unit, cash or other securities or property equal in value to such share of common stock or a combination thereof that does not vest until a specified period of time has elapsed or other vesting conditions, including performance-based vesting Ms.Chima previously served in leadership roles at various companies in the retail and financial sectors, including as Chief Information officer at adidas DisclosuresPotential Payments Upon Termination, Change In Control or Strategic Transaction for a description of the Profits Interests vesting terms. The exchange of Profits Interests for shares of The awards were granted with the following approximate grant date fair values: Mr.Singh; $1,300,000 and Mr.Nicoletti: $1,750,000. In the event of a Change in Control (as defined in the Partnership Agreement), when the aggregate Proceeds Mr.Singh was granted a long-term cash incentive with a value of $765,046 on October11, 2018, which vests upon (Reuters) - Private equity investment firm Clayton, Dubilier & Rice Inc is selling Mauser Group NV to Stone Canyon Industries LLC for $2.3 billion in cash, a day before the packaging . We had a prior policy with respect to related party transactions that was adopted on February21, 2019. SCIH was founded by Co-CEOsAdam CohnandJames Fordyce. Mr.Singh currently serves on the board and as a member of the audit and compensation committees of Carlisle Companies Incorporated. and (ii)the remaining 50% of such unvested portion will be eligible to vest upon achievement of the performance-based vesting conditions applicable to the restricted shares into which outstanding Profits Interests were exchanged. 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