Welcome to our dedicated page for Core Molding SEC filings (Ticker: CMT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Core Molding Technologies, Inc. filings document a Delaware engineered materials company whose common stock trades on NYSE American under CMT, along with related preferred stock purchase rights.
The company's SEC disclosures include Form 8-K reports for quarterly and annual operating results, investor presentation materials, stock repurchase authorization, and amendments to its credit agreement. Definitive proxy statements cover board elections, executive compensation, equity awards, shareholder voting matters, and governance for a manufacturer of molded structural products serving building products, utilities, transportation, truck, industrial, and powersports markets.
Core Molding Technologies furnished an investor presentation outlining recent performance, growth investments and long‑term targets. The company reported 2025 sales of $274M, Gross Margin of 17.4% and Adjusted EBITDA of about $30.7M. For the trailing twelve months ended March 2026, sales were $271M with Adjusted EBITDA of $30.9M, equal to 11.4% of sales, and Adjusted Return on Capital Employed of 9.3%.
Management highlighted zero net debt, a cash balance of $24M as of March 2026 and a capital plan that includes $25M–$30M of 2026 capex, notably a $25M expansion of Mexican manufacturing capacity. The presentation notes a $150M Volvo sleeper roof contract expected to launch in early 2027, recent new business wins of $45M in 2024, $63M in 2025 and $17M in Q1 2026, and three‑to‑five‑year goals of revenues above $500M, operating income margins of 8%–10% and ROCE of 14%–16%.
Core Molding Technologies appointed President & Chief Executive Officer Eric Palomaki to its board of directors, filling a vacancy created by a prior resignation. He is not assigned to any board committee yet and will receive no additional compensation for serving as a director.
The company also entered into an amended and restated employment agreement with Mr. Palomaki, effective June 1, 2026. He will receive a base salary of $525,000, an initial grant of 20,000 shares of restricted stock vesting over three years, an annual short-term incentive targeted at 100% of base salary, and annual long-term incentives targeted at 200% of base salary. If terminated without cause, for good reason or upon qualified retirement, he is entitled to accrued obligations plus a cash amount equal to four times his base salary, while unvested equity is forfeited.
In the case of death or disability, he would receive accrued obligations, a pro‑rated short‑term incentive for the year of termination, and full accelerated vesting of equity with a cash payment based on the 20‑day average closing price of the company’s stock. The agreement includes non‑solicitation, confidentiality and non‑disparagement covenants.
Core Molding Technologies, Inc. reported that director David L. Duvall submitted his resignation from the company’s board of directors, effective June 1, 2026. The company explains that his resignation is connected to his previously announced retirement as President & Chief Executive Officer and is not due to any disagreement with management, the company, or the board.
CMT filed a Form 144 notice reporting proposed sales of common stock by a director. The filing lists three compensation-related stock grants to Thomas R. Cellitti dated 05/11/2023 (3,395 shares), 05/12/2023 (1,106 shares) and 03/08/2024 (5,399 shares). The cover block includes an address for TD Arranged Services LLC, a numeric entry $240,000.00, an identifier 88999729, and an exchange listing noted as NYSE American.
Core Molding Technologies, Inc. approved a CEO transition arrangement with President and Chief Executive Officer David L. Duvall. Under a Transition Agreement effective June 1, 2026, he will move to a part-time advisory role through December 31, 2027.
During this Advisory Period, Mr. Duvall will be a part-time employee, advising senior management as requested. The Company will pay him a $50,000 Monthly Fee. If the Company terminates his employment without Cause during the Advisory Period, he will receive Monthly Fees for the remaining months.
Core Molding Technologies, Inc. reported the results of its annual shareholder meeting. As of the record date, 9,203,045 common shares were outstanding and entitled to vote, with 7,671,210 shares present or represented by proxy, constituting a quorum.
Seven director nominees each received substantially more votes "for" than "withheld," with support ranging from 6,089,027 to 6,489,061 votes. The non-binding advisory vote on executive compensation received 6,356,450 votes for versus 54,757 against.
Shareholders also cast 5,232,267 votes for and 1,270,364 against an amendment to the 2021 Long-Term Equity Incentive Plan. Ratification of Crowe LLP as independent registered public accounting firm for the year ended December 31, 2026 received 7,099,013 votes for and 571,111 against.
Core Molding Technologies reported weaker Q1 2026 results, with net sales of $58.6M versus $61.4M a year earlier, mainly from lower medium and heavy-duty truck demand and a Volvo program transition, partly offset by stronger powersports volumes and new launches.
Net income declined to $0.6M, or $0.07 per diluted share, from $2.2M or $0.25 per share, as higher selling, general and administrative costs, including Mexico expansion and succession-related expenses, offset slightly improved gross margin.
Operating cash flow swung to an outflow of $9.2M as receivables, inventory and tooling-related working capital increased. The company ended the quarter with $23.5M in cash and has full availability on a $25M revolver and a $25M CapEx facility to support a major Mexico expansion and expected 2026 capital spending of $25M–$30M.
Core Molding Technologies reported first quarter 2026 net sales of $58.6 million, down 4.7% year-over-year, as weakness in medium and heavy-duty truck demand was largely offset by strong Powersports growth. Gross margin improved to 20.4%, up from 19.2%, reflecting cost control and favorable mix.
Net income declined to $0.6 million, or $0.07 per diluted share, from $2.2 million, mainly due to succession plan and Mexico expansion costs. On an adjusted basis, net income was $3.2 million, or $0.37 per diluted share, and Adjusted EBITDA was $7.3 million, or 12.5% of net sales.
The company invested $3.8 million in capital expenditures, mostly for its Mexico expansion, leading to a first quarter free cash flow deficit of $13.0 million. Total liquidity was $73.5 million, term debt was $19.3 million, and trailing twelve-month return on capital employed was 6.8%.
GAMCO-affiliated investors filed Amendment No. 23 to their Schedule 13D on Core Molding Technologies, Inc. (CMT), reporting beneficial ownership of 758,190 common shares, or 8.24% of the issuer’s 9,203,045 shares outstanding.
The holdings are spread mainly across GAMCO Asset Management Inc. with 375,800 shares (4.08%), Gabelli Funds LLC with 306,500 shares (3.33%), Teton Advisors, LLC with 70,890 shares (0.77%), and MJG Associates, Inc. with 5,000 shares (0.05%). Several related entities, including GAMCO Investors, Inc. and GGCP, Inc., report no direct beneficial ownership.
The amendment reflects a lower ownership percentage caused by an increase in Core Molding’s shares outstanding, rather than recent trading activity; the group reports no transactions in the last 60 days.
Core Molding Technologies, Inc. is asking stockholders to elect seven directors, approve a non-binding advisory vote on executive pay, amend its 2021 long‑term equity incentive plan, and ratify Crowe LLP as auditor at the May 14, 2026 annual meeting.
The proxy highlights a transformational 2025 focused on growth investments, including a $20 million Volvo roof program, a $21 million SMC compound win and a new Monterrey facility. Net sales were $273.8 million, net income was $11.2 million and earnings per share were $1.29. Liquidity totaled $88.1 million with debt to trailing 12‑month adjusted EBITDA of 0.64 times.
Return on capital employed was 8.0% and the company reports a total shareholder return of 224% during CEO David Duvall’s tenure. Because 2025 EBIT and operating cash flow missed targets, executives received 0% of their short‑term incentive opportunity, while long‑term equity grants shifted to 50% performance‑based awards. The filing also details CEO succession: Duvall will retire at the end of May 2026, with COO Eric Palomaki becoming CEO on June 1, 2026, and Duvall remaining as an executive consultant through December 2027.