AI English summary of an SEC filing — figures as filed
Martin Marietta Materials MLMMartin Marietta said it appointed Christopher W. Samborski as Executive Vice President and Chief Operating Officer on April 27, 2026, effective May 1, 2026.
Key points
AI summaryMartin Marietta said it appointed Christopher W. Samborski as Executive Vice President and Chief Operating Officer on April 27, 2026, effective May 1, 2026.
The company said Samborski's base salary under the Offer Letter will be $775,000, his target annual incentive award will be 100% of base salary, and his target long-term incentive award will be 260% of base salary. It said he will also receive a one-time grant of restricted stock units with a grant date value of $5,000,000.
Martin Marietta said the Employment Agreement provides severance equal to three times the sum of base salary and target bonus, and up to 3 years of medical and dental benefits, if the company terminates him without cause or Samborski resigns for good reason. It said the agreement also includes a 3-year post-termination non-competition covenant.
Samborski joined the company in August 2018 and currently serves as President of the West and Specialties Divisions, the company said. With his appointment, Kirk Light has assumed leadership of the two divisions and will also retain his role as President of the Southwest Division, it added.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Chief Operating Officer Appointment and Effective Date
Martin Marietta said it appointed Christopher W. Samborski as Executive Vice President and Chief Operating Officer on April 27, 2026, effective May 1, 2026.
Source · Based on the filing body and exhibits
Compensation for New Role
The company said Samborski's base salary under the Offer Letter will be $775,000, his target annual incentive award will be 100% of base salary, and his target long-term incentive award will be 260% of base salary. It said he will also receive a one-time grant of restricted stock units with a grant date value of $5,000,000.
Source · Based on the filing body and exhibits
Severance and Non-Competition Terms on Termination
Martin Marietta said the Employment Agreement provides severance equal to three times the sum of base salary and target bonus, and up to 3 years of medical and dental benefits, if the company terminates him without cause or Samborski resigns for good reason. It said the agreement also includes a 3-year post-termination non-competition covenant.
Source · Based on the filing body and exhibits
Prior Roles and Successor Assignments
Samborski joined the company in August 2018 and currently serves as President of the West and Specialties Divisions, the company said. With his appointment, Kirk Light has assumed leadership of the two divisions and will also retain his role as President of the Southwest Division, it added.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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