UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM SD
SPECIALIZED DISCLOSURE REPORT

Compass Minerals International, Inc.
(Exact name of registrant as specified in its charter)


Delaware
001-31921
36-3972986
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
9900 West 109th Street
Suite 100
Overland Park, KS 66210
(Address of principal executive offices)
Jeffrey Cathey
(913) 344-9200
(Name and telephone number, including area code, of the person to contact in connection with this report)


Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:


☐    Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, _____.

☒    Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended September 30, 2023.







Section 1 - Conflict Minerals Disclosure

Item 1.01    Conflict Minerals Disclosure and Report

Not applicable.

Item 1.02    Exhibit

Not applicable.

Section 2 - Resource Extraction Issuer Disclosure

Item 2.01    Resource Extraction Issuer Disclosure and Report

Disclosure of Payments by Resource Extraction Issuers

The payment disclosure required by this Item 2.01 is included as Exhibit 2.01 to this Form SD.

Report on payments to governments for the year ended September 30, 2023

This report provides a consolidated overview of the payments to governments made by Compass Minerals International, Inc. (“CMI,” the parent holding company) and its consolidated subsidiaries for the fiscal year ended September 30, 2023. Unless the context requires otherwise, references in this report to the “Company,” “Compass Minerals,” “CMP,” “we,” “us” and “our” refer to CMI and its consolidated subsidiaries collectively.

All payments are reported in U.S. dollars. Payments that were made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of September 30, 2023.

Our business segments

Our business segments are strategic business units that offer different products and services, and each business requires different technology and marketing strategies. We have two business segments:

•Salt Segment: This segment produces and markets salt, consisting primarily of sodium chloride and magnesium chloride, for use in road deicing for winter roadway safety and for dust control, food processing, water softeners and other consumer, agricultural and industrial applications. As of September 30, 2023, the Salt Segment had eight production stage mining properties located in the United States, Canada and the United Kingdom and one exploration stage mining property located in Chile.

•Plant Nutrition: This segment produces and markets various grades of sulfate of potash (“SOP”) specialty fertilizer. As of September 30, 2023, the Plant Nutrition segment had one production stage mining property in the United States and one exploration stage mining property in Canada.

Our projects

This report discloses the payments made by us to governments for the commercial development of minerals, such as salt, SOP and magnesium chloride, and which involve the exploration, extraction, processing, and export of such minerals, or the acquisition of a license for any such activity.

As of September 30, 2023, we had eight production stage mining properties. Where the type of resource being commercially developed differed within a mining property, we have disclosed payments for the mining property as separate projects segregated by product type.

•Cote Blanche Island: extraction of rock salt, through underground mining, in the state of Louisiana, in the United States. We consider this mining property as one project.

•Lyons: brine well-based extraction of mechanically-evaporated salt in the state of Kansas, in the United States. We consider this mining property as one project.



•Ogden: extraction of SOP, solar salt and magnesium chloride, through pumping of brine from the Great Salt Lake into solar evaporation ponds on the surface, which we identify as well mining for purposes of this Form SD, in the state of Utah, in the United States. The projects for this mining property include:

◦Ogden – SOP: extraction of SOP, through solar evaporation.
◦Ogden – Solar Salt: extraction of solar salt, through solar evaporation.
◦Ogden – Magnesium Chloride: extraction of magnesium chloride, through solar evaporation.

•Amherst: brine well-based extraction of mechanically-evaporated salt in the town of Amherst, in the province of Nova Scotia, in Canada. We consider this mining property as one project.

•Goderich Mine: extraction of rock salt, through underground mining, in the town of Goderich, in the province of Ontario, in Canada. We consider this mining property as one project.

•Goderich Plant: brine well-based extraction of mechanically-evaporated salt in the town of Goderich, in the province of Ontario, in Canada. We consider this mining property as one project.

•Unity: brine well-based extraction of mechanically-evaporated salt in the town of Unity, in the province of Saskatchewan, in Canada. We consider this mining property as one project.

•Winsford: extraction of rock salt, through underground mining, in the town of Winsford, in the county of Cheshire, in the United Kingdom. We consider this mining property as one project.

As of September 30, 2023, we had two exploration stage mining properties in Wynyard, Saskatchewan, Canada and in the Chilean Atacama Desert. Pursuant to Item 2.01(b)(1) of Form SD, we are delaying disclosing payment information related to exploratory activities conducted at these two mining properties until our Form SD submitted for the fiscal year ending September 30, 2024, which is the fiscal year immediately following the fiscal year in which payments were made.

Section 3 - Exhibits

Item 3.01    Exhibits

The following exhibit is filed as part of this report.

Exhibit No.
Exhibit Description





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMPASS MINERALS INTERNATIONAL, INC.
Date: July 19, 2024
By:
/s/ Jeffrey Cathey
Name: Jeffrey Cathey
Title: Chief Financial Officer


Exhibit 2.01

Resource Extraction Payment Report

Project-level disclosure

The table below sets forth our payments made to governments for the fiscal year ended September 30, 2023, by project and type of payment.


For the year ended September 30, 2023
(U.S.$ thousand)(1)
TaxesRoyaltiesFeesProduction
Entitlements		BonusesDividendsPayments for
infrastructure
improvements		Community and social responsibility
payments		Total
United States
Compass Minerals International, Inc.2,078 (2)— — — — — — — 2,078 
Cote Blanche Island— — — — — — — — — 
Lyons— — — — — — — — — 
Ogden – SOP— — — — — — — — — 
Ogden – Solar Salt— — — — — — — — — 
Ogden – Magnesium Chloride— — — — — — — — — 
Canada
Compass Minerals Canada Corp.3,900 (3)— — — — — — — 3,900 
Compass Minerals International, Inc.4,462 (4)— — — — — — — 4,462 
Amherst— — — — — — — — — 
Goderich Mine202 (5)— — — — — — — 202 
Goderich Plant59 (6)— — — — — — — 59 
Unity101 (7)124 — — — — — — 225 
United Kingdom
Winsford4,229 (8)— — — — — — — 4,229 
Total15,031 124 — — — — — — 15,155 
(1)All payments are reported in U.S. dollars. Payments relating to projects in Canada were made in Canadian dollars and payments relating to the project in the United Kingdom were made in British pound sterling. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of September 30, 2023.
(2)Compass Minerals International, Inc. (the “Company”) files a consolidated income tax return in the U.S., which includes all U.S. entities including the projects listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to particular projects but to the consolidated U.S. income of the Company. The reported amount represents Federal income taxes of $7,084 thousand paid in fiscal year 2023 netted against an income tax refund of $5,006 thousand received in fiscal year 2023.


(3)Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Canada levies corporate income taxes at the entity level rather than on a per-project basis. The reported amount represents $3,629 thousand of income taxes on entity-level profits paid to the Canada Revenue Agency and $271 thousand of provincial-level income taxes on entity-level profits paid to the Province of Quebec.
(4)Represents withholding taxes paid to the Canada Revenue Agency on behalf of the Company for dividends paid to the Company by its Canadian subsidiaries.
(5)Represents property taxes paid to the Town of Goderich attributable to Goderich Mine.
(6)Represents property taxes paid to the Town of Goderich attributable to Goderich Plant.
(7)Represents property taxes.
(8)Includes $3,831 thousand in income taxes and $398 thousand in property taxes.







Government-level disclosure

The table below sets forth our payments made to governments for the fiscal year ended September 30, 2023, by government and type of payment.

For the year ended September 30, 2023
(U.S.$ thousand)(1)
TaxesRoyaltiesFeesProduction
Entitlements		BonusesDividendsPayments for
infrastructure
improvements		Community and social responsibility
payments		Total
United States
U.S. Federal Government2,078 — — — — — — — 2,078 
Canada
Government of Canada8,091 — — — — — — — 8,091 
Government of Saskatchewan— 124 — — — — — — 124 
Government of Quebec271 — — — — — — — 271 
Rural Municipality of Round Valley No. 410101 — — — — — — — 101 
Town of Goderich261 — — — — — — — 261 
United Kingdom
Government of the United Kingdom3,831 — — — — — — — 3,831 
Cheshire398 — — — — — — — 398 
Total15,031 124 — — — — — — 15,155 
(1)All payments are reported in U.S. dollars. Payments relating to projects in Canada were made in Canadian dollars and payments relating to the project in the United Kingdom were made in British pound sterling. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of September 30, 2023.




Payment details disclosure

The table below provides the details of payments made to governments for the fiscal year ended September 30, 2023.

For the year ended September 30, 2023
Subnational JurisdictionGovernmentBusiness segmentProjectResource
Amount
(U.S.$ thousand)(1)
United States
U.S. Federal GovernmentU.S. Federal GovernmentAll
Compass Minerals International, Inc. (U.S. consolidated group level)(2)
N/A2,078 
LouisianaU.S. Federal GovernmentSaltCote Blanche IslandRock Salt— 
KansasU.S. Federal GovernmentSaltLyonsMechanically-Evaporated Salt— 
UtahU.S. Federal GovernmentPlant NutritionOgden – SOPSOP— 
UtahU.S. Federal GovernmentSaltOgden – Solar SaltSolar Salt— 
UtahU.S. Federal GovernmentSaltOgden – Magnesium ChlorideMagnesium Chloride— 
Total2,078 
Canada
Government of CanadaGovernment of CanadaSalt
N/A(3)
N/A8,091 
QuebecQuebecSalt
N/A(4)
N/A271 
OntarioTown of GoderichSaltGoderich MineRock Salt202 
OntarioTown of GoderichSaltGoderich PlantMechanically-Evaporated Salt59 
SaskatchewanRural Municipality of Round Valley No. 410SaltUnityMechanically-Evaporated Salt101 
SaskatchewanRural SaskatchewanSaltUnityMechanically-Evaporated Salt124 
Total8,848 
United Kingdom
United KingdomUnited KingdomSaltWinsfordRock Salt3,831 
CheshireCheshireSaltWinsfordRock Salt398 
Total4,229 
(1)All payments are reported in U.S. dollars. Payments relating to projects in Canada were made in Canadian dollars and payments relating to the project in the United Kingdom were made in British pound sterling. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of September 30, 2023.
(2)The Company files a consolidated income tax return in the U.S. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to particular projects but to the consolidated U.S. income of the Company. The reported amount represents Federal income taxes of $7,084 thousand paid in fiscal year 2023 netted against income an income tax refund of $5,006 thousand received in fiscal 2023.
(3)Includes $3,629 thousand of income taxes for Compass Minerals Canada Corp. and $4,462 thousand of withholding taxes paid to the Canada Revenue Agency on behalf of the Company for dividends paid to it by its Canadian subsidiaries. Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Canada levies corporate income taxes at the entity level rather than on a per-project basis.
(4)Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Quebec levies corporate income taxes at the entity level rather than on a per-project basis.



v3.24.2
Document Information
 12 Months Ended
Sep. 30, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001227654
Registrant Name Compass Minerals International Inc
Period End Date Sep. 30, 2023
Reporting Currency USD
v3.24.2
Payments, by Category - USD ($)
$ in Thousands
Taxes
Royalties
Total Payments
Total $ 15,031 $ 124 $ 15,155
v3.24.2
Payments, by Project - 12 months ended Sep. 30, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Total Payments
Total $ 15,031 $ 124 $ 15,155
Compass Minerals International, Inc. (US) [Member]      
Total 2,078 [1]   2,078
Cote Blanche Island [Member]      
Total 0   0
Lyons [Member]      
Total 0   0
Ogden - SOP [Member]      
Total 0   0
Ogden - Solar Salt [Member]      
Total 0   0
Ogden – Magnesium Chloride [Member]      
Total 0   0
Compass Minerals Canada Corp. [Member]      
Total 3,900 [2]   3,900
Compass Minerals International, Inc. (CAN) [Member]      
Total 4,462 [3]   4,462
Goderich Mine [Member]      
Total 202 [4]   202
Goderich Plant [Member]      
Total 59 [5]   59
Unity [Member]      
Total 101 [6] $ 124 225
Winsford [Member]      
Total $ 4,229 [7]   $ 4,229
[1]
Compass Minerals International, Inc. (the “Company”) files a consolidated income tax return in the U.S., which includes all U.S. entities including the projects listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to particular projects but to the consolidated U.S. income of the Company. The reported amount represents Federal income taxes of $7,084 thousand paid in fiscal year 2023 netted against an income tax refund of $5,006 thousand received in fiscal year 2023.
[2]
Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Canada levies corporate income taxes at the entity level rather than on a per-project basis. The reported amount represents $3,629 thousand of income taxes on entity-level profits paid to the Canada Revenue Agency and $271 thousand of provincial-level income taxes on entity-level profits paid to the Province of Quebec.
[3]
Represents withholding taxes paid to the Canada Revenue Agency on behalf of the Company for dividends paid to the Company by its Canadian subsidiaries.
[4]
Represents property taxes paid to the Town of Goderich attributable to Goderich Mine.
[5]
Represents property taxes paid to the Town of Goderich attributable to Goderich Plant.
[6]
Represents property taxes.
[7]
Includes $3,831 thousand in income taxes and $398 thousand in property taxes.
v3.24.2
Payments, by Government - 12 months ended Sep. 30, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Total Payments
Total $ 15,031 $ 124 $ 15,155
UNITED STATES | U.S. Federal Government [Member]      
Total 2,078   2,078
CANADA | Government of Canada [Member]      
Total 8,091   8,091
CANADA | Government of Saskatchewan [Member]      
Total   $ 124 124
CANADA | Government of Quebec [Member]      
Total 271   271
CANADA | Rural Municipality of Round Valley No. 410 [Member]      
Total 101   101
CANADA | Town of Goderich [Member]      
Total 261   261
UNITED KINGDOM | Government of the United Kingdom [Member]      
Total 3,831   3,831
UNITED KINGDOM | Cheshire [Member]      
Total $ 398   $ 398
v3.24.2
Payments, Details - 12 months ended Sep. 30, 2023 - USD ($)
$ in Thousands
Amount
Type
Country
Subnat. Juris.
Govt.
Project
Resource
Segment
Ext. Method
#: 1                  
$ 2,078 [1] Taxes UNITED STATES   U.S. Federal Government [Member] Compass Minerals International, Inc. (US) [Member] Salt, SOP, Magnesium Chloride [Member]    
#: 2                  
0 Taxes UNITED STATES snj:US-LA U.S. Federal Government [Member] Cote Blanche Island [Member] Rock Salt [Member] Salt Segment [Member] Underground Mining
#: 3                  
0 Taxes UNITED STATES snj:US-KS U.S. Federal Government [Member] Lyons [Member] Mechanically-Evaporated Salt [Member] Salt Segment [Member] Well
#: 4                  
0 Taxes UNITED STATES snj:US-UT U.S. Federal Government [Member] Ogden - SOP [Member] SOP [Member] Plant Nutrition Segment [Member] Well
#: 5                  
0 Taxes UNITED STATES snj:US-UT U.S. Federal Government [Member] Ogden - Solar Salt [Member] Solar Salt [Member] Salt Segment [Member] Well
#: 6                  
0 Taxes UNITED STATES snj:US-UT U.S. Federal Government [Member] Ogden – Magnesium Chloride [Member] Magnesium Chloride [Member] Salt Segment [Member] Well
#: 7                  
8,091 [2] Taxes CANADA   Government of Canada [Member]   Mechanically-Evaporated Salt, Rock Salt [Member] Salt Segment [Member]  
#: 8                  
271 [3] Taxes CANADA snj:CA-QC Government of Quebec [Member]   Mechanically-Evaporated Salt, Rock Salt [Member] Salt Segment [Member]  
#: 9                  
202 Taxes CANADA snj:CA-ON Town of Goderich [Member] Goderich Mine [Member] Rock Salt [Member] Salt Segment [Member] Underground Mining
#: 10                  
59 Taxes CANADA snj:CA-ON Town of Goderich [Member] Goderich Plant [Member] Mechanically-Evaporated Salt [Member] Salt Segment [Member] Well
#: 11                  
101 Taxes CANADA snj:CA-SK Rural Municipality of Round Valley No. 410 [Member] Unity [Member] Mechanically-Evaporated Salt [Member] Salt Segment [Member] Well
#: 12                  
124 Royalties CANADA snj:CA-SK Government of Saskatchewan [Member] Unity [Member] Mechanically-Evaporated Salt [Member] Salt Segment [Member] Well
#: 13                  
3,831 Taxes UNITED KINGDOM   Government of the United Kingdom [Member] Winsford [Member] Rock Salt [Member] Salt Segment [Member] Underground Mining
#: 14                  
$ 398 Taxes UNITED KINGDOM snj:GB-CHW Cheshire [Member] Winsford [Member] Rock Salt [Member] Salt Segment [Member] Underground Mining
[1]
The Company files a consolidated income tax return in the U.S. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to particular projects but to the consolidated U.S. income of the Company. The reported amount represents Federal income taxes of $7,084 thousand paid in fiscal year 2023 netted against income an income tax refund of $5,006 thousand received in fiscal 2023.
[2]
Includes $3,629 thousand of income taxes for Compass Minerals Canada Corp. and $4,462 thousand of withholding taxes paid to the Canada Revenue Agency on behalf of the Company for dividends paid to it by its Canadian subsidiaries. Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Canada levies corporate income taxes at the entity level rather than on a per-project basis.
[3]
Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Quebec levies corporate income taxes at the entity level rather than on a per-project basis.
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