Summit Materials LLC (SUM) 2018年年度报告「NYSE」.pdf

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1、A LETTER FROM THE CHAIRMANWhile 2018 was a challenging year for Summit,we continued to make progress toward our strategic objective to become a premier vertically integrated heavy-side materials company.Our independent and diverse Board is committed to effective oversight,sound corporate governance

2、and stockholder engagement as we work with management to improve the Companys performance in 2019 and drive growth in revenue and earnings.Most importantly,we are fully aligned with you,our stockholders,and are deeply committed to delivering the financial performance that you expect from the Company

3、.The Board is actively engaged to support the Companys efforts to improve performance.We meet monthly with the management team to discuss operations,capital structure and expenditures,and strategic focus including acquisitions,talent planning and incentive programs.Consistent with our focus on align

4、ing managements compensation with shareholder value creation,the Board determined not to pay bonuses to named executive officers under the Companys short-term incentive program in light of our 2018 financial performance.The Board is committed to ongoing refreshment of our membership to ensure we ben

5、efit from new perspectives and diverse experience and expertise.To that end,we added two new directors in 2018,Anne Cooney and Sue Ellerbusch.Through her leadership roles with the General Electric Company,Aladdin Industries and Siemens,Anne brings a breadth and depth of experience in operations mana

6、gement,sourcing,and marketing.Sues management of Air Liquides U.S.business,including its Large Industrials and Electronics divisions,has afforded her operational expertise that is an invaluable asset to the Company.All of the directors on our Board are independent,except for our CEO,and 33 percent a