UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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. |
SunCoke Energy, Inc. (the “Company”) announced the appointment of Mr. Mark W. Marinko, as the Company’s Senior Vice President and Chief Financial Officer, effective March 7, 2022. Biographical information on Mr. Marinko is included in the press release announcing his appointment, and is incorporated by reference into this Item 5.02.
In connection with his appointment as Senior Vice President and Chief Financial Officer, the Company’s Board of Directors approved the following material terms of Mr. Marinko’s compensation:
| • | Salary: Initial base salary of $470,000 per year. |
| • | Annual Incentive: His target annual cash bonus under the SunCoke Energy, Inc. Annual Incentive Plan will be 75% of base salary. |
| • | Long-Term Incentives: Following approval by the Compensation Committee of the Company’s Board of Directors, effective as of March 7, 2022, Mr. Marinko received long-term incentive compensation awards equal in value to $470,000, comprised of: (i) equity awards valued at $352,500, granted under the SunCoke Energy, Inc. Long-Term Performance Enhancement Plan, split in value as two-thirds Restricted Stock Units and one third Performance Share Units; and (ii) $117,500 awarded under the SunCoke Energy, Inc. Long-Term Cash Incentive Plan. |
| • | Other: In addition, Mr. Marinko will be eligible to participate in the Company’s executive severance plans and its comprehensive benefit plans, including 401(k) defined contribution and related plans. |
A copy of the press release announcing the appointment of Mr. Marinko as the Company’s Senior Vice President and Chief Financial Officer is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Mr. Marinko does not have any family relationship with any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or an executive officer. He has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 99.1 | SunCoke Energy, Inc. Press Release dated March 7, 2022. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SUNCOKE ENERGY, INC. | ||
| By: | /s/ John J. DiRocco, Jr. | |
| John J. DiRocco, Jr. | ||
| Vice President, Assistant General Counsel and Corporate Secretary | ||
Date: March 7, 2022