Big news for Compass Minerals shareholders! A proposed settlement for derivative actions is on the table, promising significant corporate governance reforms. Are you up to speed on what this means for your investment and how you can have your voice heard in the upcoming court hearing? The details could reshape the company’s future.

OVERLAND PARK, Kan. – Compass Minerals International, Inc. has announced a significant development concerning its corporate future: a proposed settlement of consolidated derivative actions. This crucial agreement aims to resolve ongoing legal challenges and introduce substantial reforms designed to benefit shareholders and enhance corporate integrity.

The settlement stems from derivative lawsuits targeting Compass Minerals, with specific claims addressed through a Stipulation and Agreement of Settlement dated July 14, 2025. This legal framework outlines the terms under which the company and its board will implement changes, subject to the United States District Court for the District of Kansas’s final approval.

Central to the proposed resolution are comprehensive corporate governance and internal controls reforms. These structural improvements, detailed in an exhibit to the Stipulation, are intended to strengthen the company’s oversight mechanisms and address the specific issues raised in the derivative actions, marking a pivotal moment for Compass Minerals.

Under the terms of the legal settlement, the defendants have committed to ensuring the Board adopts and maintains these reforms within thirty days of the Court’s final approval. This commitment underscores a proactive approach to rectifying past issues and establishing a more robust operational framework, reflecting a dedication to improved accountability.

Both parties involved in the derivative lawsuit have affirmed that the settlement delivers a substantial benefit to both Compass Minerals and its shareholder rights. They assert that all terms are fair, adequate, and reasonable, aligning with the best interests of all stakeholders, particularly those holding common stock as of July 14, 2025.

A critical date for interested parties is October 14, 2025, at 1:30 p.m., when the Court will hold a Settlement Hearing. This session, which may occur in person or via teleconference, will determine whether the proposed settlement is fair, reasonable, and adequate, leading to the dismissal of the consolidated derivative action with prejudice.

Current Compass Stockholders wishing to express opposition to the settlement, the request for attorneys’ fees, or service awards must adhere to specific objection procedures. Written objections must be filed with the Court and sent to Plaintiffs’ Counsel no later than fourteen days before the Settlement Hearing, accompanied by proof of ownership.

It is imperative for stockholders to note that failure to formally object or request to be heard in the prescribed manner will result in a waiver of their right to challenge any aspect of the corporate reform or appeal the judgment. This ensures that the process proceeds efficiently while safeguarding the interests of all compliant parties.