Douglas T. Dietrich

Chief Executive Officer at MINERALS TECHNOLOGIES

Board

Since December 2016

Age

55 years

Tenure

Joined MTX in August 2007 as Vice President, Corporate Development and Treasury, was promoted to Senior Vice President, Finance and Treasury, and Chief Financial Officer in January 2011, before being appointed Chief Executive Officer in December 2016.

Also at MINERALS TECHNOLOGIES

Brett Argirakis

Group President, Engineered Solutions

D.J. Monagle

Group President, Consumer & Specialties

ECA

Erik C. Aldag

Senior Vice President, Finance and Treasury, and Chief Financial Officer

About

Douglas T. Dietrich is a seasoned executive serving as both Chairman of the Board and Chief Executive Officer of MTX, noted for his extensive leadership and financial expertise. He is 55 years old as of FY 2024 and began his career at MTX in August 2007 as Vice President, Corporate Development and Treasury.

He advanced within the company through prominent roles, being promoted to Senior Vice President, Finance and Treasury, and Chief Financial Officer in January 2011 before being appointed as CEO in December 2016. This progression underscores a strong record of leadership and operational excellence.

Under his guidance, MTX has undertaken significant strategic initiatives and maintained a commitment to operational effectiveness. His professional journey reflects a breadth of experience in both finance and executive management, contributing to the company’s sustained growth and strategic direction.

$MTX Performance Under Douglas T. Dietrich

Past Roles

Organization	Role	Date Range	Details
Minerals Technologies Inc.	Senior Vice President, Finance and Treasury, Chief Financial Officer	January 2011 - December 2016	Ended role upon promotion to CEO
Minerals Technologies Inc.	Vice President, Corporate Development and Treasury	August 2007 - January 2011	Served until promotion
Alcoa Inc.	Global Rod and Bar Products President	N/A	Held increasing leadership responsibilities
Alcoa Inc.	President, Alcoa Latin America Extrusions	N/A	Held increasing leadership responsibilities
Alcoa Inc.	Vice President, Alcoa Wheel Products – Automotive Wheels	N/A	Held increasing leadership responsibilities

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,050,000	Annual	Remained unchanged from 2023
Stock Awards	$2,205,029	Grant Date	Grant-date value; realizable value: $2,518,664
Option Awards	$718,839	Grant Date	Grant-date value; realizable value: $269,345
Change in Pension Value and Non-Qualified Deferred Compensation	($180,815)	N/A	Decrease in actuarial present value (Retirement Plan: ($50,808); Supplemental Retirement Plan: ($130,007))
All Other Compensation	$57,569	Periodic	Includes perquisites ($5,000), 401(k) match ($13,800), Supplemental Savings Plan match ($38,769)

Performance Compensation

Data from FY 2024

Annual Incentive Bonus

Metric	Target	Actual	Payout	Additional Details
Operating Income % of Sales	13.6%	14.9%	187.4%	Improvement of 70 basis points vs 2023
Working Capital Efficiency	1.8% improvement	Below Threshold	0%	-
Productivity Improvement	4%	4.3%	115.0%	-
Personal Performance Objectives	N/A	128.4%	128.4%	Includes strategic objectives, succession planning, EHS culture, sustainability, capital deployment, external communications, cybersecurity, and M&A

Overall Bonus Details:

Weightings: Company Financial Targets: 70% (achieved 150.8% ), Personal Performance Objectives: 30% (achieved 128.4% ).
Compensation Levels: Threshold: $328,125 ; Target: $1,312,500 ; Maximum: $2,625,000.
Earned Amount: $1,891,008 via a performance factor of 144.1%.
Grant Date: January 23, 2024.
Grant Date Stock Price: $66.11.
Vesting: Not applicable (cash-based award).

Long-Term Incentive Payout

Metric	Value	Additional Details
Return on Capital	Achieved $38.10 resulting in a payout of $108.27 per unit (108.27% of target)	Applies to Performance Units over the 2022-2024 period
TSR Performance vs Russell 2000	$18.33	-
TSR Performance vs S&P MidCap 400	$15.17	-
TSR Performance vs Peer Company Index	$36.67	-

Overall LTIP Details:

Compensation Levels: Threshold: $328,125 ; Target: $1,312,500 ; Maximum: $2,625,000.
Grant Date: January 23, 2024.
Grant Date Fair Value (Performance Units): $1,745,625.
Vesting Schedule: Tied to the achievement of performance metrics over the 2022-2024 period.
Additional Note: The stock appreciated by 7% from December 31, 2023 to December 31, 2024, impacting the realizable compensation value.