UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
þ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2019
or
¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________________ to __________________________
Commission File Number 001-31921
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
Compass Minerals International, Inc. Savings Plan
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Compass Minerals International, Inc.
9900 West 109th Street, Suite 100
Overland Park, Kansas 66210
Table of Contents
Report of Independent Registered Public Accounting Firm
To the Plan Participants and the Plan Administrator of the Compass Minerals International, Inc. Savings Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Compass Minerals International, Inc. Savings Plan (the Plan) as of December 31, 2019 and 2018, and the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2019 and 2018, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Schedule
The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2019, has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The information in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Ernst & Young LLP
We have served as the Plan’s auditor since 2005.
Kansas City, Missouri
June 26, 2020
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Compass Minerals International, Inc. Savings Plan
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Statements of Net Assets Available for Benefits
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December 31,
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Assets
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2019
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2018
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Investments, at fair value (Notes 2 and 3)
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$
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125,423,385
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$
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103,521,937
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Receivables
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Employer contributions
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98,618
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80,846
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Notes receivable from participants
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3,060,160
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3,334,084
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Total receivables
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3,158,778
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3,414,930
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Net assets available for benefits
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$
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128,582,163
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$
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106,936,867
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The accompanying notes are an integral part of the financial statements.
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Compass Minerals International, Inc. Savings Plan
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Statements of Changes in Net Assets Available for Benefits
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For the Year Ended
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December 31,
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2019
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2018
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Additions:
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Investment income (loss):
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Net appreciation (depreciation) in fair value of investments
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$
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22,166,208
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$
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(10,838,784
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)
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Interest and dividend income
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1,678,669
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2,012,813
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Net investment income (loss)
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23,844,877
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(8,825,971
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)
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Contributions:
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Participants
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7,043,222
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6,692,424
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Employer
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4,665,131
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4,325,497
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Rollovers
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1,763,029
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278,555
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Total contributions
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13,471,382
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11,296,476
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Deductions:
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Benefits paid to participants
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(15,585,645
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)
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(15,286,952
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)
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Administrative expenses
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(85,318
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)
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(114,235
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)
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Net increase (decrease) in net assets available for benefits
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21,645,296
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(12,930,682
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)
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Net assets available for benefits at beginning of year
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106,936,867
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119,867,549
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Net assets available for benefits at end of year
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$
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128,582,163
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$
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106,936,867
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The accompanying notes are an integral part of the financial statements.
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Compass Minerals International, Inc. Savings Plan
Notes to Financial Statements
Note 1. Description of the Plan
The following description of the Compass Minerals International, Inc. Savings Plan (the “Plan”) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
General: The Plan is a contributory, defined contribution plan covering eligible U.S. employees of Compass Minerals International, Inc. (the “Company” or “Compass Minerals”) and its participating subsidiaries. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
Contributions: Participants are allowed to contribute, on either a pre-tax or Roth basis, a percentage of their eligible compensation, as defined by the Plan, up to the lesser of 75% of their eligible compensation or the annual limit allowed by the Internal Revenue Code, as amended (the “Code”) – $19,000 in 2019 and $18,500 in 2018. Participants who are age fifty or older, and who contribute the maximum federal limit, are eligible to make an additional “catch-up contribution.” The maximum catch-up contribution for 2019 and 2018 was $6,000. Participants may also elect to contribute to the Plan on an after-tax (non-Roth) basis. Participants may contribute from a minimum of 1% to a maximum of 100% of their eligible compensation on an after-tax basis, subject to the maximum allowed by Code rules. Newly-hired participants are automatically enrolled in the Plan at an initial, pre-tax contribution amount of 6% of their eligible compensation. Participants may terminate or change their contributions at any time subsequent to this automatic enrollment.
The Company contributes a non-discretionary matching contribution of 100% of a participant’s contribution (either pre-tax or Roth) on up to 6% of eligible compensation. The Company may also make profit sharing contributions to the Plan at the discretion of the Company’s Board of Directors. Participants must be employed on the last day of the Plan year to be eligible for discretionary profit-sharing contributions, except in the case of a participant’s death, disability or retirement, as defined by the Plan. For the years ended December 31, 2019 and 2018, there were no discretionary profit sharing contributions to the Plan. In addition, the Company may designate a qualified non-elective contribution to be allocated to non-highly compensated employees to maintain compliance with the Code’s non-discrimination tests.
The Plan also allows participants to roll over part or all of an eligible distribution received by the participant from another qualified plan.
Participant accounts: Each participant’s account is credited with the participant’s contribution, the Company’s non-discretionary matching contribution, rollover contributions, allocation of the Company’s discretionary profit-sharing contribution (if applicable) and Plan earnings or losses. Allocations are based on earnings or account balances as defined in the Plan. A participant is entitled to receive only the vested portion of their account balance at the time of a distributable event.
Eligibility: All U.S. employees of the Company and its participating subsidiaries are eligible to participate in the Plan after 30 days of service, with the exception of employees who are citizens of Puerto Rico, certain non-resident aliens, leased employees, seasonal and temporary employees (including interns) and independent contractors, who are excluded from eligibility pursuant to the provisions of the Plan. Further, employees covered by a collective bargaining agreement are eligible only to the extent participation in the Plan is part of the negotiated collective bargaining agreement.
Participant investment options: Each participant is responsible for directing the investment of his or her existing account balances and all future contributions made on his or her behalf among the designated investment alternatives, including shares of Compass Minerals common stock. Participants may change their investment options at any time throughout the year. However, participants who are subject to trading window restrictions for transactions in Compass Minerals common stock may not have the ability to change their investment in Compass Minerals common stock during specified periods.
Vesting: All participants are immediately vested in the portion of their Plan account related to participant contributions, rollover deposits, fixed Company contributions of funds to purchase Compass Minerals common stock and earnings or losses thereon. Participants hired before January 1, 2018 were immediately vested for non-discretionary Company matching contributions, while those hired on or after January 1, 2018 require a two-year vesting period. During participants’ first five years of employment, participants vest in the Company discretionary profit sharing contributions, and any earnings or losses thereon, at a rate of 20% each year beginning on the participant’s first anniversary of employment.
Compass Minerals International, Inc. Savings Plan
Notes to Financial Statements
Forfeitures: Forfeitures of terminated participants’ non-vested Company contributions are used to pay Plan administrative expenses and reduce employer contributions. The Plan used forfeitures of $0 and $125,000 to reduce employer contributions in 2019 and 2018, respectively. The Plan used forfeitures of $45,391 and $85,034 to pay Plan expenses in 2019 and 2018, respectively. The forfeiture balance which was included in investments at fair value on the statements of net assets available for benefits and was available to apply to future Plan administrative expenses or employer contributions, was $119,902 and $101,537 as of December 31, 2019 and 2018, respectively.
Participant loans: Participants are able to borrow from their fund accounts a minimum of $1,000 and up to a maximum amount equal to the lesser of $50,000 (which may be reduced if the participant has Plan loans outstanding) or 50% of their vested account balance. The loans are for terms of one to five years for general purpose loans and one to ten years for residential loans. The loans must be adequately secured by the vested account balance and bear interest at a rate commensurate with local prevailing rates. Interest rates on outstanding loans as of December 31, 2019 ranged from 4.25% to 7.0%. Principal and interest are paid ratably through after-tax payroll deductions with maturity dates ranging from 2020 through 2029.
Payment of benefits: Upon disability, retirement or other termination of service, participants, or their designated beneficiaries in case of death, are eligible to request a distribution of their vested account balance. If a participant’s vested account balance exceeds $5,000, a participant or designated beneficiary may elect to receive a lump sum payment or defer distributions to a later date. Vested account balances of less than $5,000 but greater than $1,000 will be rolled-over into an investment retirement account while vested account balances of $1,000 or less will be distributed in one lump sum payment, unless the participant or designated beneficiary elects otherwise. Withdrawals other than for disability, retirement or other termination of service are also permitted under certain circumstances provided by the Plan. Distributions are made in accordance with Plan provisions in the form of lump sum distributions or installment distributions. An annuity form of payment is also available to certain participants.
Administrative expenses: Certain administrative functions are performed by officers or employees of the Company or its subsidiaries. No such officer or employee receives compensation from the Plan. Expenses incurred in the administration of the Plan, which consist primarily of trustee and record keeping fees, may be paid from Plan assets and, therefore, deducted from participant accounts, may be paid from forfeitures of non-vested Company contributions to the Plan or may be paid by the Company, in its discretion, on behalf of participants.
Note 2. Significant Accounting Policies
The Plan’s significant accounting policies are as follows:
Basis of accounting: The financial statements of the Plan are presented on the accrual basis of accounting, in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”).
Investment valuation and income recognition: Investments held by the Plan are stated at fair value less costs to sell, if those costs are significant. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). See Note 3 for further discussion of fair value measurements.
Purchases and sales of securities are accounted for on a trade-date basis. Interest income is recorded on an accrual basis. Dividend income is recorded on the ex-dividend date.
Use of estimates: The preparation of financial statements in conformity with U.S. GAAP requires the Company, as Plan administrator, to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.
Payment of benefits: Benefits are recorded when paid.
Notes receivable from participants: Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned and is included in interest and dividend income. Any related fees are recorded as administrative expenses and expensed when incurred. No allowance for losses has been recorded as of December 31, 2019 or 2018. The
Compass Minerals International, Inc. Savings Plan
Notes to Financial Statements
Plan’s notes receivables from participants are recorded at fair value. If a participant ceases to make loan repayments and the Plan administrator deems the participant loan to be a distribution, the remaining participant loan balance is recorded as a benefit payment.
New accounting pronouncements: In July 2018, the Financial Accounting Standards Board (“FASB”) issued guidance which, among other things, amends an illustrative example of a fair value hierarchy disclosure to indicate that a certain type of investment should not always be considered to be eligible to use the net asset value per share practical expedient. The guidance also further clarifies that an entity should evaluate whether a readily determinable fair value exists or whether its investments qualify for the net asset value per share practical expedient in accordance with ASC 820, Fair Value Measurement. Adoption of this guidance, which is to be applied prospectively, affects the fair value disclosures, but does not change the fair value measurement of the investments. The Plan Administrator adopted the guidance for fiscal year 2019 utilizing a modified retrospective approach. The adoption of the guidance resulted in the Plan no longer utilizing the net asset value per share practical expedient on its common collective trusts beginning in 2019.
In August 2018, the FASB issued guidance that eliminates, amends and adds disclosure requirements to ASC 820, Fair Value Measurement. This guidance allows the removal of certain disclosures regarding transfers between Level 1 and Level 2 investments, requires a modification to disclosures of investments that are valued at the net asset value and requires additional information related to the valuation of Level 3 investments. This guidance is effective for fiscal years beginning after December 15, 2019, although early adoption is permitted. Certain requirements of the standard should be applied prospectively, while others are required to be adopted retrospectively. The Plan administrator is currently assessing the impact this guidance will have on the Plan’s financial statements.
Note 3. Fair Value Measurements
As required by U.S. GAAP, the Plan’s financial instruments are measured and reported at their estimated fair value less costs to sell, if those costs are significant. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction. The following provides a description of the fair value hierarchy of inputs that may be used to measure fair value.
Level 1 – Quoted market prices in active markets for identical assets or liabilities;
Level 2 – Inputs other than Level 1 that are either directly or indirectly observable; and
Level 3 – Unobservable inputs developed using estimates and assumptions developed by the plan administrator.
The Plan’s investments are measured using the following valuation methods:
Interest-bearing cash: The carrying amount of the Plan’s cash accounts approximates fair value.
Mutual funds: The fair value of these funds is determined using the net asset value based upon observable market quotations as of the close of business on the last trading day of the year.
Self-directed brokerage accounts: These accounts primarily consist of interest-bearing cash, for which the carrying amount approximates fair value, and mutual funds and common stock, which are valued based upon observable market quotations as of the close of business on the last trading day of the year.
Compass Minerals common stock: The fair value is based upon observable market quotations as of the close of business on the last trading day of the year.
Common collective trusts: The Principal Trust LifeTime Hybrid Income Fund and the Principal Trust Hybrid Target Funds are common collective trusts, which consist of investments in mutual funds, collective trusts and pooled-separate accounts. The Principal Trust LifeTime Income Fund seeks current income and, as a secondary objective, capital appreciation. The Principal Trust Hybrid Target Funds seek total return consisting of long-term growth of capital and current income, consistent with the investment strategy of an investor who expects to retire in a specific year.
Compass Minerals International, Inc. Savings Plan
Notes to Financial Statements
The BlackRock Total Return Fund 6 is a common collective trust and is designed to provide a total return through fixed income investments. This fund is primarily invested in securities that are either issued or guaranteed by the United States government or foreign governments.
The Fidelity Managed Income Portfolio Fund is also a common collective trust and is designed to deliver safety and stability by preserving principal and accumulating earnings. This fund is primarily invested in guaranteed investment contracts and synthetic investment contracts.
Participant-directed redemptions have no restrictions for any fund; however, the Plan is required to provide a one-year redemption notice to liquidate its entire share in the Fidelity Managed Income Portfolio Fund.
As described above, each of the investments in the Plan portfolio have a readily determinable fair value based on the active market for identical assets and, therefore, each meet the criteria to be classified as a Level 1 investment.
The fair values of investments as of December 31, 2019 and 2018 are included in the tables below:
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December 31, 2019
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Level 1
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Level 2
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Level 3
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Interest-bearing cash
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$
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2,086,366
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$
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2,086,366
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$
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—
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$
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—
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Mutual funds
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35,450,497
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35,450,497
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—
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—
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Self-directed brokerage account
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732,854
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732,854
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—
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—
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Common collective trusts
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82,302,092
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82,302,092
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—
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—
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Compass Minerals common stock
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4,851,576
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4,851,576
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—
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—
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Investments at fair value
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$
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125,423,385
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$
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125,423,385
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$
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—
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$
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—
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December 31, 2018
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Level 1
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Level 2
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Level 3
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Interest-bearing cash
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$
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2,084,373
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$
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2,084,373
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$
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—
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$
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—
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Mutual funds
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28,735,741
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28,735,741
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—
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—
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Self-directed brokerage account
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474,175
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474,175
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—
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—
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Compass Minerals common stock
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3,531,692
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3,531,692
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—
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—
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Total assets in the fair value hierarchy
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34,825,981
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34,825,981
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—
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—
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Investments measured at net asset value:
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Common collective trusts
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68,695,956
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—
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—
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—
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Investments at fair value
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$
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103,521,937
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$
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34,825,981
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$
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—
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$
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—
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Note 4. Related Party and Parties-in-Interest Transactions
Plan investments include mutual funds and common collective trusts, which are managed by Fidelity Management Trust Company. Fidelity Management Trust Company is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.
The Company, as Plan administrator and sponsor, is a party-in-interest to the Plan. At December 31, 2019 and 2018, the Plan held 79,586 and 84,713 shares, respectively, of Compass Minerals common stock with market values of $4,851,576 and $3,531,692, respectively. During 2019 and 2018, the Plan purchased $310,983 and $460,033, respectively, of Compass Minerals common stock and sold $580,947 and $614,184, respectively, of Compass Minerals common stock. During 2019 and 2018, the Company declared and paid dividends of $2.88 per share in each year on Compass Minerals common stock.
Compass Minerals International, Inc. Savings Plan
Notes to Financial Statements
Note 5. Income Tax
The underlying volume submitter plan has received an advisory letter from the Internal Revenue Service (the “IRS”) dated March 31, 2014, stating that the form of the Plan is qualified under Section 401 of the Code and, therefore, the related trust is tax-exempt. The plan administrator has determined that it is eligible to, and has chosen to, rely on the current IRS volume submitter advisory letter. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualified status. The plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the Plan is qualified and the related trust is tax-exempt.
Accounting principles generally accepted in the United States require plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Plan management has analyzed the tax positions taken by the Plan, and has concluded that there are no uncertain positions taken or expected to be taken. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
Note 6. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market volatility and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect a participant’s account balance and the amounts reported in the statements of net assets available for benefits.
Note 7. Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions and to terminate the Plan at any time, subject to the provisions of ERISA. In the event of Plan termination, participants would become 100% vested in their accounts.
Note 8. Subsequent Events
Subsequent to December 31, 2019, a new strain of the coronavirus (“COVID-19”) has spread causing a global pandemic which has triggered volatility in the financial markets and has had a significant negative impact on the global economy. The values of the Plan’s individual investments have and will fluctuate in response to changing market conditions, the amount of gains or losses that will be recognized in subsequent periods, if any, cannot be determined at this time. The extent to which COVID-19 will impact the Plan’s investment portfolio is highly uncertain and will depend on future developments.
The Coronavirus Aid, Relief, and Economic Security Act and the Setting Every Community Up for Retirement Enhancement Act of 2019 also resulted in several amendments to the Plan. The Plan was amended to allow certain qualified participants to receive COVID-19 related qualified distributions, COVID-19 related loans and loan repayment deferrals until 2021. Additionally, the Plan has suspended required minimum distributions for the remainder of 2020 for all Plan participants.
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Compass Minerals International, Inc. Savings Plan
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Employer Identification Number 36-3972986, Plan 001
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Form 5500 Schedule H, Line 4i
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Schedule of Assets (Held at end of Year)
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As of December 31, 2019
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Identity of issuer, borrower, lessor or similar party
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Description of investment including maturity date, collateral, par or maturity value
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Number of Shares/Units
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Current Value
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Columbia
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Columbia Dividend Income Inst - Mutual Fund
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188,393.74
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$
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4,687,236
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American Century
|
AmCent Inflation-Adj. Bond Fund Institutional Class – Mutual Fund
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14,580.12
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169,130
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T. Rowe Price
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International Discovery Fund – Mutual Fund
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21,277.26
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1,453,875
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BlackRock
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Total Return Fund Class 6 – Common Collective Trust
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132,618.37
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1,482,674
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*
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Compass Minerals International, Inc.
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Common Stock
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79,586.22
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4,851,576
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Principal Trust
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Principal LifeTime Hybrid Income Z - Common Collective Trust
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11,294.77
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207,146
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Principal Trust
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Principal LifeTime Hybrid 2010 Z - Common Collective Trust
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56,119.59
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1,275,598
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Principal Trust
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Principal LifeTime Hybrid 2015 Z - Common Collective Trust
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64,268.36
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1,584,215
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Principal Trust
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Principal LifeTime Hybrid 2020 Z - Common Collective Trust
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304,891.61
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8,143,655
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Principal Trust
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Principal LifeTime Hybrid 2025 Z - Common Collective Trust
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457,405.83
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|
13,008,622
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Principal Trust
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Principal LifeTime Hybrid 2030 Z - Common Collective Trust
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466,314.84
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|
13,970,793
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Principal Trust
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Principal LifeTime Hybrid 2035 Z - Common Collective Trust
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438,611.52
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|
13,759,243
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|
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Principal Trust
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Principal LifeTime Hybrid 2040 Z - Common Collective Trust
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266,417.46
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|
8,647,911
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|
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Principal Trust
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Principal LifeTime Hybrid 2045 Z - Common Collective Trust
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178,971.87
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|
5,988,399
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Principal Trust
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Principal LifeTime Hybrid 2050 Z - Common Collective Trust
|
139,805.24
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|
4,710,039
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Principal Trust
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Principal LifeTime Hybrid 2055 Z - Common Collective Trust
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72,919.51
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|
2,490,930
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Principal Trust
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Principal LifeTime Hybrid 2060 Z - Common Collective Trust
|
63,912.67
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|
1,045,611
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*
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Fidelity
|
Fidelity Growth Company Fund - Mutual Fund
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650,761.65
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13,900,269
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*
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Fidelity
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Fidelity Government Money Market Fund
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2,085,650.89
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|
2,085,651
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*
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Fidelity
|
Fidelity Small Cap Index Fund – Mutual Fund
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88,399.68
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|
1,859,045
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|
*
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Fidelity
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Fidelity 500 Index – Mutual Fund
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63,530.94
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|
7,116,736
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|
*
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Fidelity
|
Fidelity Extended Market – Mutual Fund
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35,579.58
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|
2,315,875
|
|
*
|
Fidelity
|
Fidelity International Index – Mutual Fund
|
46,008.64
|
|
1,976,531
|
|
*
|
Fidelity
|
Fidelity Managed Income Portfolio – Common Collective Trust
|
5,987,255.97
|
|
5,987,256
|
|
*
|
Fidelity
|
Fidelity U.S. Bond Index – Mutual Fund
|
30,684.40
|
|
365,451
|
|
|
Fidelity**
|
Brokeragelink (self-directed)
|
-
|
|
732,854
|
|
|
PIMCO
|
PIMCO High Yield A - Mutual Fund
|
177,693.50
|
|
1,606,349
|
|
*
|
Plan Participants
|
Participant loans receivable (4.25% - 7.0%) maturing 2020 through 2029
|
—
|
|
3,060,160
|
|
|
|
|
|
$
|
128,482,830
|
|
|
|
*
|
Represents a party-in-interest.
|
** Includes Fidelity investments.
EXHIBIT INDEX
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|
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Exhibit No.
|
Description of Exhibit
|
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|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Compass Minerals International, Inc., as Plan administrator for the Plan, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
|
COMPASS MINERALS INTERNATIONAL, INC. SAVINGS PLAN
|
|
|
|
|
|
|
|
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By:
|
COMPASS MINERALS INTERNATIONAL, INC.,
as Plan Administrator
|
|
|
|
|
|
|
|
|
|
|
Date:
|
June 26, 2020
|
|
By:
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/s/ Mary L. Frontczak
|
|
|
|
|
Name: Mary L. Frontczak
|
|
|
|
|
Title: Chief Legal and Administrative Officer and Corporate Secretary
|