Neo Performance Materials Inc. (NEO.TO)

6.02 +0.02 (+0.33%) At close: 04:00PM EDT

Neo Performance Materials Inc.

121 King Street West
Suite 1740
Toronto, ON M5H 3T9
Canada
416-367-8588
https://www.neomaterials.com

Sector(s): Basic Materials
Industry: Specialty Chemicals
Full-time employees: 1,912

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Rahim Suleman	CEO, President & Director	1.26M	N/A	N/A
Mr. Kevin D. Morris	Executive VP & CSO	1.37M	N/A	1969
Mr. Jeffrey R. Hogan	Executive Vice President of Chemicals & Oxides	1.08M	N/A	N/A
Mr. Gregory K. Kroll	Executive Vice President of Magnequench	973.39k	N/A	N/A
Mr. Jonathan Baksh	Executive VP & CFO	N/A	N/A	N/A
Ali Mahdavi	Capital Markets & IR Executive	N/A	N/A	N/A
Mr. Mohamad El- Mahmoud	Executive Vice President of Rare Metals	N/A	N/A	N/A
Mr. Alexander D. Caldwell	Corporate Secretary	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Neo Performance Materials Inc. engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets. Its powders are used in the production of bonded permanent magnets that are components in automotive motors, pumps, micro motors, traction motors, sensors, and other applications. The Chemicals and Oxides segments manufactures and distributes a range of industrial materials for use in auto catalysts, consumer electronics, petroleum refining, hybrid and electric vehicles, and municipal and industrial wastewater treatment applications. The Rare Metals segment sources, produces, reclaims, refines, and markets high-temperature metals that include tantalum, niobium, hafnium, and rhenium; and electronic metals, such as gallium and indium for jet engines, medical imaging, wireless technologies, and LED lightings, as well as flat panel displays, solar, steel additives, batteries, and electronic applications. The company was founded in 1994 and is headquartered in Toronto, Canada.

Corporate governance

Neo Performance Materials Inc.’s ISS governance QualityScore as of 1 April 2024 is 5. The pillar scores are Audit: 6; Board: 3; Shareholder rights: 4; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.