UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 14, 2016
THE MOSAIC COMPANY
(Exact name of registrant as specified in its charter)
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Delaware | | 001-32327 | | 20-1026454 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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3033 Campus Drive Suite E490 Plymouth, Minnesota | | 55441 |
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(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (800) 918-8270
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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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. |
(b)(c)(e) On January 18, 2016, The Mosaic Company (“Mosaic”) announced that effective June 1, 2016, Gary ("Bo") N. Davis, currently Mosaic's Senior Vice President - Phosphate Operations, will assume the role of Senior Advisor to Mosaic until his planned retirement effective January 3, 2017. Mr. Davis notified Mosaic's Board of Directors (the "Board") on January 14, 2016 of his intent to retire effective January 3, 2017.
Mosaic also announced the election of Walter F. Precourt, III, currently Mosaic's Senior Vice President - Potash Operations, as Senior Vice President - Phosphates, effective on June 1, 2016. At that time, Mr. Davis will cease to be Mosaic’s Senior Vice President - Phosphate Operations and Mr. Precourt will cease to be Mosaic's Senior Vice President - Potash Operations.
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Item 7.01. | Regulation FD Disclosure. |
The following information is being “furnished” in accordance with General Instruction B.2. of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing:
Press release of The Mosaic Company, dated January 18, 2016, furnished herewith as Exhibit 99.1.
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Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Reference is made to the Exhibit Index hereto with respect to the exhibits furnished herewith. The exhibits listed in the Exhibit Index hereto are being “furnished” in accordance with General Instruction B.2. of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.
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.
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| | | | THE MOSAIC COMPANY |
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Date: January 19, 2016 | | | | By: | | /s/ Mark J. Isaacson |
| | | | Name: | | Mark J. Isaacson |
| | | | Title: | | Senior Vice President, General Counsel |
| | | | | | and Corporate Secretary |
EXHIBIT INDEX
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Exhibit No. | | Description |
99.1 | | Press release of The Mosaic Company, dated January 18, 2016. |
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| The Mosaic Company 3033 Campus Drive, Suite E490 Plymouth, MN 55441 www.mosaicco.com |
FOR IMMEDIATE RELEASE
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Media Ben Pratt The Mosaic Company 763-577-6102 ben.pratt@mosaicco.com | Investors Laura Gagnon The Mosaic Company 763-577-8213 investor@mosaicco.com |
Walt Precourt Named Senior Vice President - Phosphates;
Bruce Bodine to Lead Mosaic’s Potash Business
Gary N. “Bo” Davis to Retire
PLYMOUTH, MN, January 18, 2016 - The Mosaic Company (NYSE: MOS) today announced that Walter F. Precourt III, Senior Vice President - Potash Operations, will assume the role of Senior Vice President - Phosphates, effective June 1, 2016. On that date Gary “Bo” N. Davis, Mosaic’s current Senior Vice President - Phosphate Operations, will transition to the role of Senior Advisor after six years leading the company’s phosphates business. Mr. Davis plans to retire on January 3, 2017. Bruce Bodine, who currently leads Mosaic’s supply chain, will become Vice President - Potash effective April 1, 2016.
In connection with his new role, Precourt will move from Saskatchewan to Central Florida. Precourt, 51, joined Mosaic in 2009 as Vice President - Environment, Health and Safety (EHS), and was promoted to Senior Vice President - Potash Operations in 2012. Precourt has played a critical role in increasing the effectiveness and competitiveness of Mosaic’s Potash business, and in cultivating the company’s high-performing safety culture.
“Walt has provided remarkable leadership for EHS and Potash,” said Joc O’Rourke, President and Chief Executive Officer of The Mosaic Company. “With more than two decades of operational and functional leadership roles at The Dow Chemical Company and Holcim (U.S.), Walt is uniquely qualified to lead the next phase of our company’s phosphates journey.”
Bodine, 44, will move to Regina, Saskatchewan and will lead Mosaic’s Saskatchewan and Carlsbad, New Mexico-based potash business beginning in June, when he will also join Mosaic’s Senior Leadership Team. Bodine has spent 15 years at the company, holding leadership in many areas of the business, including Potash, Phosphates, and Supply Chain.
“Bruce is an insightful and engaging leader of both people and process, and he is driven to help Mosaic compete in the potash market. I am confident that Bruce will deliver exceptional execution and foster innovation,” O’Rourke said. “With these changes, I believe Mosaic has the right leaders at the right time.”
Davis to Retire
Davis, 63, has spent 41 years in the phosphates business and has worked at Mosaic since the company’s formation in 2004. He was promoted to Vice President - Phosphate Operations for all of Mosaic’s Florida and Louisiana operations, and in 2009 became Senior Vice President - Phosphate Operations. He also served on the board of directors of Ma’aden Wa’ad Al Shamal Phosphate Company, a Mosaic joint venture.
“In his nearly 12 years at Mosaic, Bo led the transformation of our Phosphates business unit and achieved levels of operational excellence not previously reached in the phosphates industry,” O’Rourke said. “His strategic contributions have led Mosaic’s Phosphate business to be the largest and strongest in the world, and we thank him for his years of dedicated service.”
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the Company is available at www.mosaicco.com.
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