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Joseph C. Muscari served as the CEO and Chairman of Minerals Technologies Inc. from 2007 until his passing in 2016. He had a significant role in guiding the company through critical phases of growth, focusing on performance-based metrics like Operating...

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Joseph C. Muscari

Ex-CEO of Minerals Technologies

Education

B.S. in Industrial Engineering from the University of Pittsburgh

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

November 20, 1947 - 77 years ago

CEO of Minerals Technologies for

8 years 11 months (Mar 2007 - Feb 2016)

Previous Experience

Executive Vice President at Alcoa Inc.

Holdings

See how much did Joseph C. Muscari make over time.

Joseph C. Muscari had a noteworthy ride in terms of holdings at Minerals Technologies Inc. At one point, his wealth was heavily tied to the company's stock performance, but he never opted for stock grants in his final years, which...

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Charitable Transactions

MTX

24,000 shares

MTX

Recent Charitable Transactions

MTX

24,000 shares

MTX

Sep 25, 2014

Charity

Insider Trading

See recent insider trades of Joseph C. Muscari.

No insider trades found for this CEO.

Compensation History

See how much did Joseph C. Muscari make over time.

Joseph C. Muscari's compensation over the years displayed a clear strategy tied to the performance of Minerals Technologies Inc. In 2015, he earned $1,025,000, with a significant bonus of approximately $1.3 million, reflecting a performance factor over 126%. This pattern continued with a focus on executive performance. His peak came in 2013 with total compensation nearing $4.8 million, fueled by bonuses and a high performance target achievement. These numbers, however, dropped significantly as his tenure ended in 2016, primarily reflecting his passing in September and no bonuses or stock options awarded that year. Not only was his salary adapting to company performance metrics, but it showed how the company's success directly affected his earnings, emphasizing a strong pay-for-performance culture during his leadership.

Year

2016

Total Compensation

$1.00M

Salary

$1.00M

Board Justification

The compensation program is designed to reward the achievement of the short-term and long-term objectives of the Company, and that compensation should be related to the value created for its shareholders.

Bonus

$0.00

Board Justification

No annual incentive payout for Mr. Muscari for 2016 due to his passing in September 2016.

Other

$0.00

Board Justification

No additional compensation reported for Mr. Muscari for 2016 due to his passing.

Restricted Stock

$0.00(0 N/A)

Board Justification

All 2016 awards of stock options and DRSUs to Mr. Muscari, which were unvested at the time of his death, terminated in accordance with the terms of our Stock Award and Incentive Plan.

Performance Metrics

The performance metrics for 2016 included Operating Income (OI) and Return on Capital (ROC), which were key drivers of shareholder value.