749685AT0 Filings — Rpm International Inc. - FilingSpy
749685AT0
Rpm International Inc.
Could not find a ticker for this position, may be a filing error
A maker of specialty paints, coatings, sealants, and construction products sold under well-known brands like Rust-Oleum, DAP, Tremco, Carboline, and Stonhard. Homeowners reach for Rust-Oleum spray paint and DAP caulk, while builders use its roofing, flooring, and corrosion-control systems worldwide. Founded in 1947 as Republic Powdered Metals in a Cleveland garage—the source of the "RPM" initials—it grew through acquisitions. A favorite tale: Rust-Oleum was born in 1921 when a sea captain noticed spilled fish oil stopped rust on his ship's decks.
RPM names David C. Dennsteadt President and COO, effective July 17, 2026
In his new role, Dennsteadt will oversee the company's operating groups, with group presidents reporting directly to him, and lead strategy and corporate development.
Show detailsHide details
David C. Dennsteadt, previously Executive Vice President, was appointed President and Chief Operating Officer effective July 17, 2026.
Frank C. Sullivan, who had been Chair, President and CEO, will continue as Chair and Chief Executive Officer.
No arrangements, family relationships, or material interests requiring disclosure were reported in connection with Dennsteadt's appointment.
The appointment was announced in a press release dated July 17, 2026, attached as Exhibit 99.3.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits
RPM International amends $300M A/R securitization facility and announces VP Operations retirement
On May 27, 2026, RPM International Inc. amended its $300.0 million accounts receivable securitization facility through Amendment No. 11 to the Receivables Purchase Agreement and Amendment No. 14 to the Receivables Sale Agreement.
Show detailsHide details
The amendments remove the credit spread adjustment for SOFR-based credit extensions, eliminate the interest coverage ratio covenant, and clarify the Applicable Margin applies to both SOFR and alternate-base-rate extensions.
A new leverage ratio covenant (max 3.75 to 1.0) is added, applicable only if RPM loses investment grade ratings from at least two specified agencies, matching its revolving credit facility.
Amortization event thresholds increased: judgment-based and material-indebtedness thresholds for the company and subsidiaries (excluding originators) rose from $150M to $250M, and for originators from $20M to $50M.
On May 29, 2026, Timothy R. Kinser resigned as Vice President – Operations due to planned retirement and became Project Management Officer of RPM Enterprises, Inc., a subsidiary.
1.01 Entry into a Material Definitive Agreement · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Leadership8-K
RPM appoints Thomas C. Gentile, III to board of directors, effective April 20, 2026
Gentile is chairman, CEO, and president of Hexcel Corporation and will serve on RPM's Compensation Committee.
Show detailsHide details
Thomas C. Gentile, III was appointed to the RPM International Inc. board of directors on April 20, 2026, effective immediately.
His appointment expands the board to 13 members.
Gentile will receive compensation consistent with other non-employee directors, as described in RPM's proxy statement filed August 21, 2025.
RPM entered into a standard indemnification agreement with Gentile, effective April 20, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits
RPM International amends revolving credit facility, extending maturity to February 27, 2031
RPM International Inc. and certain subsidiaries entered into a Seventh Amendment to its Credit Agreement with lenders and PNC Bank as administrative agent on February 27, 2026.
Show detailsHide details
The amendment extends the credit facility's term by five years, with a new maturity date of February 27, 2031.
Interest rates on U.S. Dollar loans are based on base rate or term SOFR (or daily simple SOFR for swingline loans) plus a spread tied to the company's debt rating; initial spreads range from 0.0% to 1.00% per annum depending on loan type.
The facility fee starts at 0.125% per annum and may adjust between 0.09% and 0.20% based on debt rating.
The amendment eliminates the interest coverage ratio financial covenant while retaining a leverage ratio covenant of no more than 3.75 to 1.0.
RPM elects David C. Dennsteadt as Executive Vice President, effective October 2, 2025
In his new role, Dennsteadt will oversee all corporate administrative functions including finance, legal, risk management, human resources, manufacturing and operations.
Show detailsHide details
David C. Dennsteadt, age 53, was elected Executive Vice President on October 2, 2025, after serving as group president of the Performance Coatings Group.
Dennsteadt entered into an Employment Agreement effective October 2, 2025, with a base salary of $615,000 and eligibility for annual incentive compensation.
The Employment Agreement provides for three times base salary in certain termination scenarios (involuntary without cause or resignation with good reason within two years of a change in control).
Gregory Michael succeeded Dennsteadt as group president of the newly expanded Performance Coatings Group.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits