☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Delaware | 31-1481870 | |||||||||||||
(State or other jurisdiction incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
800 Manor Park Drive, Columbus, Ohio | 43228-0183 | |||||||||||||
(Address of principal executive office) | (Zip Code) |
Large accelerated filer ¨ | Accelerated filer ¨ | Non-accelerated Filer ¨ | Smaller reporting company | ☒ | |||||||||||||||||||
(Do not check if a smaller reporting company) | Emerging growth company | ☐ |
Title of each class | Name of each exchange on which registered | Trading Symbol | ||||||||||||||||||
Common Stock, par value $0.01 | NYSE American LLC | CMT |
Three months ended March 31, | |||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||
Net sales | $ | 72,829 | $ | 64,023 | |||||||||||||||||||
Cost of sales | 60,111 | 53,257 | |||||||||||||||||||||
Gross margin | 12,718 | 10,766 | |||||||||||||||||||||
Selling, general and administrative expense | 7,372 | 6,505 | |||||||||||||||||||||
Operating income | 5,346 | 4,261 | |||||||||||||||||||||
Other income and expense | |||||||||||||||||||||||
Interest expense | 579 | 1,174 | |||||||||||||||||||||
Net periodic post-retirement benefit | (40) | (20) | |||||||||||||||||||||
Total other expense | 539 | 1,154 | |||||||||||||||||||||
Income before taxes | 4,807 | 3,107 | |||||||||||||||||||||
Income tax expense (benefit) | 1,351 | (4,854) | |||||||||||||||||||||
Net income | $ | 3,456 | $ | 7,961 | |||||||||||||||||||
Net income per common share: | |||||||||||||||||||||||
Basic | $ | 0.41 | $ | 0.97 | |||||||||||||||||||
Diluted | $ | 0.41 | $ | 0.97 |
Three months ended March 31, | |||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||
Net income | $ | 3,456 | $ | 7,961 | |||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||
Foreign currency hedging derivatives: | |||||||||||||||||||||||
Unrealized hedge loss | 0 | (1,674) | |||||||||||||||||||||
Income tax benefit | 0 | 360 | |||||||||||||||||||||
Interest rate swaps: | |||||||||||||||||||||||
Unrealized hedge loss | 0 | (783) | |||||||||||||||||||||
Income tax benefit | 0 | 178 | |||||||||||||||||||||
Post retirement benefit plan adjustments: | |||||||||||||||||||||||
Net actuarial gain | 43 | 45 | |||||||||||||||||||||
Prior service costs | (124) | (124) | |||||||||||||||||||||
Income tax benefit | 17 | 17 | |||||||||||||||||||||
Comprehensive income | $ | 3,392 | $ | 5,980 |
March 31, 2021 | December 31, 2020 | ||||||||||
(Unaudited) | |||||||||||
Assets: | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 3,027 | $ | 4,131 | |||||||
Accounts receivable, net | 40,202 | 27,584 | |||||||||
Inventories, net | 20,373 | 18,360 | |||||||||
Income tax receivable | 2,255 | 2,026 | |||||||||
Prepaid expenses and other current assets | 3,966 | 4,377 | |||||||||
Total current assets | 69,823 | 56,478 | |||||||||
Right of use asset | 4,346 | 2,754 | |||||||||
Property, plant and equipment, net | 74,000 | 74,052 | |||||||||
Goodwill | 17,376 | 17,376 | |||||||||
Intangibles, net | 11,029 | 11,516 | |||||||||
Other non-current assets | 3,211 | 3,332 | |||||||||
Total Assets | $ | 179,785 | $ | 165,508 | |||||||
Liabilities and Stockholders’ Equity: | |||||||||||
Current liabilities: | |||||||||||
Current portion of long-term debt | $ | 2,938 | $ | 2,535 | |||||||
Revolving debt | 3,001 | 420 | |||||||||
Accounts payable | 25,465 | 16,994 | |||||||||
Taxes payable | 1,041 | 2,613 | |||||||||
Contract liability | 2,153 | 1,319 | |||||||||
Compensation and related benefits | 7,300 | 8,305 | |||||||||
Accrued other liabilities | 4,411 | 3,809 | |||||||||
Total current liabilities | 46,309 | 35,995 | |||||||||
Other non-current liabilities | 3,893 | 2,560 | |||||||||
Long-term debt | 24,226 | 25,198 | |||||||||
Post retirement benefits liability | 7,762 | 7,823 | |||||||||
Total Liabilities | 82,190 | 71,576 | |||||||||
Commitments and Contingencies | 0 | 0 | |||||||||
Stockholders’ Equity: | |||||||||||
Preferred stock — $0.01 par value, authorized shares — 10,000,000; 0 shares outstanding at March 31, 2021 and December 31, 2020 | 0 | 0 | |||||||||
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares 7,987,800 at March 31, 2021 and 7,980,516 at December 31, 2020 | 80 | 80 | |||||||||
Paid-in capital | 36,445 | 36,127 | |||||||||
Accumulated other comprehensive income, net of income taxes | 1,311 | 1,375 | |||||||||
Treasury stock - at cost, 3,810,929 at March 31, 2021 and December 31, 2020 | (28,568) | (28,521) | |||||||||
Retained earnings | 88,327 | 84,871 | |||||||||
Total Stockholders’ Equity | 97,595 | 93,932 | |||||||||
Total Liabilities and Stockholders’ Equity | $ | 179,785 | $ | 165,508 |
Common Stock Outstanding | Paid-In Capital | Accumulated Other Comprehensive Income | Treasury Stock | Retained Earnings | Total Stockholders' Equity | ||||||||||||||||||||||||||||||||||||
Shares | Amount | ||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2019 | 7,877,945 | $ | 79 | $ | 34,772 | $ | 1,370 | $ | (28,501) | $ | 76,706 | $ | 84,426 | ||||||||||||||||||||||||||||
Net income | 7,961 | 7,961 | |||||||||||||||||||||||||||||||||||||||
Change in post retirement benefits, net of tax benefit of $17 | (62) | (62) | |||||||||||||||||||||||||||||||||||||||
Unrealized foreign currency hedge loss, net of tax benefit of $360 | (1,314) | (1,314) | |||||||||||||||||||||||||||||||||||||||
Change in interest rate swaps, net of tax benefit of $178 | (605) | (605) | |||||||||||||||||||||||||||||||||||||||
Restricted stock vested | 4,771 | — | — | ||||||||||||||||||||||||||||||||||||||
Share-based compensation | 316 | 316 | |||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2020 | 7,882,716 | $ | 79 | $ | 35,088 | $ | (611) | $ | (28,501) | $ | 84,667 | $ | 90,722 |
Common Stock Outstanding | Paid-In Capital | Accumulated Other Comprehensive Income | Treasury Stock | Retained Earnings | Total Stockholders' Equity | ||||||||||||||||||||||||||||||||||||
Shares | Amount | ||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2020 | 7,980,516 | $ | 80 | $ | 36,127 | $ | 1,375 | $ | (28,521) | $ | 84,871 | $ | 93,932 | ||||||||||||||||||||||||||||
Net income | 3,456 | 3,456 | |||||||||||||||||||||||||||||||||||||||
Change in post retirement benefits, net of tax benefit of $17 | (64) | (64) | |||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock | (47) | (47) | |||||||||||||||||||||||||||||||||||||||
Restricted stock vested | 7,284 | — | — | ||||||||||||||||||||||||||||||||||||||
Share-based compensation | 318 | 318 | |||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2021 | 7,987,800 | $ | 80 | $ | 36,445 | $ | 1,311 | $ | (28,568) | $ | 88,327 | $ | 97,595 |
Three Months Ended March 31, | |||||||||||
2021 | 2020 | ||||||||||
Cash flows from operating activities: | |||||||||||
Net income | $ | 3,456 | $ | 7,961 | |||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | 3,049 | 2,823 | |||||||||
Deferred income tax | 0 | 517 | |||||||||
Share-based compensation | 318 | 316 | |||||||||
Losses (gains) on foreign currency translation | 235 | (74) | |||||||||
Change in operating assets and liabilities: | |||||||||||
Accounts receivable | (12,618) | 4,389 | |||||||||
Inventories | (2,013) | 2,050 | |||||||||
Prepaid and other assets | 303 | (4,882) | |||||||||
Accounts payable | 8,283 | (7,444) | |||||||||
Accrued and other liabilities | (1,385) | (184) | |||||||||
Post retirement benefits liability | (140) | (93) | |||||||||
Net cash provided (used in) by operating activities | (512) | 5,379 | |||||||||
Cash flows from investing activities: | |||||||||||
Purchase of property, plant and equipment | (2,436) | (456) | |||||||||
Net cash used in investing activities | (2,436) | (456) | |||||||||
Cash flows from financing activities: | |||||||||||
Gross repayments on revolving line of credit | (5,915) | (38,814) | |||||||||
Gross borrowings on revolving line of credit | 8,496 | 34,582 | |||||||||
Payments related to the purchase of treasury stock | (47) | 0 | |||||||||
Payment of deferred loan costs | (2) | 0 | |||||||||
Payment of principal on term loans | (688) | (1,125) | |||||||||
Net cash provided by (used in) financing activities | 1,844 | (5,357) | |||||||||
Net change in cash and cash equivalents | (1,104) | (434) | |||||||||
Cash and cash equivalents at beginning of period | 4,131 | 1,856 | |||||||||
Cash and cash equivalents at end of period | $ | 3,027 | $ | 1,422 | |||||||
Cash paid for: | |||||||||||
Interest | $ | 467 | $ | 1,088 | |||||||
Income taxes | $ | 2,560 | $ | 185 | |||||||
Non-cash investing activities: | |||||||||||
Fixed asset purchases in accounts payable | $ | 99 | $ | 184 |
Three months ended March 31, | |||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||
Net income | $ | 3,456 | $ | 7,961 | |||||||||||||||||||
Less: net income allocated to participating securities | 204 | 321 | |||||||||||||||||||||
Net income available to common shareholders | $ | 3,252 | $ | 7,640 | |||||||||||||||||||
Weighted average common shares outstanding — basic | 7,985,000 | 7,882,000 | |||||||||||||||||||||
Effect of dilutive securities | 7,000 | 0 | |||||||||||||||||||||
Weighted average common and potentially issuable common shares outstanding — diluted | 7,992,000 | 7,882,000 | |||||||||||||||||||||
Basic net income per common share | $ | 0.41 | $ | 0.97 | |||||||||||||||||||
Diluted net income per common share | $ | 0.41 | $ | 0.97 |
Three months ended March 31, | ||||||||||||||
2021 | 2020 | |||||||||||||
Net income allocated to participating securities | $ | 204 | $ | 321 | ||||||||||
Weighted average participating shares outstanding — basic | 500,000 | 338,000 | ||||||||||||
Effect of dilutive securities | 0 | 0 | ||||||||||||
Weighted average common and potentially issuable common shares outstanding — diluted | 500,000 | 338,000 | ||||||||||||
Basic net income per participating share | $ | 0.41 | $ | 0.97 | ||||||||||
Diluted net income per participating share | $ | 0.41 | $ | 0.97 | ||||||||||
Three months ended March 31, | |||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||
UFP product sales | $ | 10,657 | $ | 8,987 | |||||||||||||||||||
UFP tooling sales | 0 | 0 | |||||||||||||||||||||
Total UFP sales | 10,657 | 8,987 | |||||||||||||||||||||
Navistar product sales | 9,937 | 10,667 | |||||||||||||||||||||
Navistar tooling sales | 306 | 98 | |||||||||||||||||||||
Total Navistar sales | 10,243 | 10,765 | |||||||||||||||||||||
Volvo product sales | 10,125 | 7,573 | |||||||||||||||||||||
Volvo tooling sales | 20 | 1,525 | |||||||||||||||||||||
Total Volvo sales | 10,145 | 9,098 | |||||||||||||||||||||
PACCAR product sales | 9,354 | 7,949 | |||||||||||||||||||||
PACCAR tooling sales | 329 | 207 | |||||||||||||||||||||
Total PACCAR sales | 9,683 | 8,156 | |||||||||||||||||||||
BRP product sales | 8,568 | 7,247 | |||||||||||||||||||||
BRP tooling sales | 115 | 220 | |||||||||||||||||||||
Total BRP sales | 8,683 | 7,467 | |||||||||||||||||||||
Other product sales | 20,492 | 19,507 | |||||||||||||||||||||
Other tooling sales | 2,926 | 43 | |||||||||||||||||||||
Total other sales | 23,418 | 19,550 | |||||||||||||||||||||
Total product sales | 69,133 | 61,930 | |||||||||||||||||||||
Total tooling sales | 3,696 | 2,093 | |||||||||||||||||||||
Total sales | $ | 72,829 | $ | 64,023 |
March 31, 2021 | December 31, 2020 | ||||||||||
Raw materials | $ | 13,576 | $ | 11,640 | |||||||
Work in process | 1,808 | 1,679 | |||||||||
Finished goods | 4,989 | 5,041 | |||||||||
Total | $ | 20,373 | $ | 18,360 |
Three Months Ended March 31, | |||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||
Operating lease cost | $ | 368 | $ | 357 | |||||||||||||||||||
Total net lease cost | $ | 368 | $ | 357 |
March 31, 2021 | December 31, 2020 | ||||||||||
Operating leases: | |||||||||||
Operating lease right of use assets | $ | 4,346 | $ | 2,754 | |||||||
Total operating lease right of use assets | $ | 4,346 | $ | 2,754 | |||||||
Current operating lease liabilities(A) | $ | 1,289 | $ | 1,023 | |||||||
Noncurrent operating lease liabilities(B) | 3,017 | 1,670 | |||||||||
Total operating lease liabilities | $ | 4,306 | $ | 2,693 | |||||||
March 31, 2021 | December 31, 2020 | |||||||||||||
Weighted average remaining lease term (in years): | ||||||||||||||
Operating leases | 4.2 | 3.5 | ||||||||||||
Weighted average discount rate: | ||||||||||||||
Operating leases | 5.5 | % | 5.9 | % | ||||||||||
Three Months Ended March 31, | |||||||||||
2021 | 2020 | ||||||||||
Cash paid for amounts included in the measurement of lease liabilities | |||||||||||
Operating cash flows from operating leases(C) | $ | 368 | $ | 357 |
Operating Leases | |||||||||||
2021 (remainder of year) | $ | 1,130 | |||||||||
2022 | 1,157 | ||||||||||
2023 | 1,058 | ||||||||||
2024 | 1,063 | ||||||||||
2025 | 628 | ||||||||||
Total lease payments | 5,036 | ||||||||||
Less: imputed interest | (730) | ||||||||||
Total lease obligations | 4,306 | ||||||||||
Less: current obligations | 1,289 | ||||||||||
Long-term lease obligations | $ | 3,017 |
Operating Leases | |||||||||||
2021 | $ | 1,215 | |||||||||
2022 | 811 | ||||||||||
2023 | 706 | ||||||||||
2024 | 705 | ||||||||||
2025 | 0 | ||||||||||
Total lease payments | 3,437 | ||||||||||
Less: imputed interest | (744) | ||||||||||
Total lease obligations | 2,693 | ||||||||||
Less: current obligations | (1,023) | ||||||||||
Long-term lease obligations | $ | 1,670 |
March 31, 2021 | December 31, 2020 | ||||||||||
Property, plant and equipment | $ | 176,942 | $ | 174,553 | |||||||
Accumulated depreciation | (102,942) | (100,501) | |||||||||
Property, plant and equipment — net | $ | 74,000 | $ | 74,052 |
Balance at December 31, 2020 | $ | 17,376 | |||
Additions | 0 | ||||
Impairment | 0 | ||||
Balance at March 31, 2021 | $ | 17,376 |
Definite-lived Intangible Assets | Amortization Period | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||
Trade name | 25 Years | $ | 250 | $ | (60) | $ | 190 | ||||||||||||||||
Trademarks | 10 Years | 1,610 | (516) | 1,094 | |||||||||||||||||||
Non-competition agreement | 5 Years | 1,810 | (1,161) | 649 | |||||||||||||||||||
Developed technology | 7 Years | 4,420 | (2,025) | 2,395 | |||||||||||||||||||
Customer relationships | 10-12 Years | 9,330 | (2,629) | 6,701 | |||||||||||||||||||
Total | $ | 17,420 | $ | (6,391) | $ | 11,029 |
Definite-lived Intangible Assets | Amortization Period | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||
Trade name | 25 Years | $ | 250 | $ | (58) | $ | 192 | ||||||||||||||||
Trademarks | 10 Years | 1,610 | (476) | 1,134 | |||||||||||||||||||
Non-competition agreement | 5 Years | 1,810 | (1,071) | 739 | |||||||||||||||||||
Developed technology | 7 Years | 4,420 | (1,869) | 2,551 | |||||||||||||||||||
Customer relationships | 10-12 Years | 9,330 | (2,430) | 6,900 | |||||||||||||||||||
Total | $ | 17,420 | $ | (5,904) | $ | 11,516 |
Three months ended March 31, | |||||||||||||||||||||||
2021 | 2020 | ||||||||||||||||||||||
Pension expense: | |||||||||||||||||||||||
Multi-employer plan | $ | 189 | $ | 246 | |||||||||||||||||||
Defined contribution plan | 302 | 293 | |||||||||||||||||||||
Total pension expense | 491 | 539 | |||||||||||||||||||||
Health and life insurance: | |||||||||||||||||||||||
Interest cost | 41 | 59 | |||||||||||||||||||||
Amortization of prior service costs | (124) | (124) | |||||||||||||||||||||
Amortization of net loss | 43 | 45 | |||||||||||||||||||||
Net periodic benefit cost | (40) | (20) | |||||||||||||||||||||
Total post retirement benefits expense | $ | 451 | $ | 519 |
March 31, 2021 | December 31, 2020 | ||||||||||
Wells Fargo term loans payable | $ | 15,791 | $ | 16,390 | |||||||
FGI term loans payable | 13,069 | 13,148 | |||||||||
Leaf Capital term loan payable | 144 | 152 | |||||||||
Total | 29,004 | 29,690 | |||||||||
Less deferred loan costs | (1,840) | (1,957) | |||||||||
Less current portion | (2,938) | (2,535) | |||||||||
Long-term debt | $ | 24,226 | $ | 25,198 |
Number of Shares | Weighted Average Grant Date Fair Value | ||||||||||
Unvested balance at December 31, 2020 | 507,835 | $ | 6.25 | ||||||||
Granted | 0 | 0 | |||||||||
Vested | (11,158) | 3.38 | |||||||||
Forfeited | 0 | 0 | |||||||||
Unvested balance at March 31, 2021 | 496,677 | $ | 6.00 |
Number of Shares | Weighted Average Grant Date Fair Value | ||||||||||
Outstanding as of December 31, 2020 | 180,925 | $ | 2.57 | ||||||||
Granted | 0 | 0 | |||||||||
Exercised | 0 | 0 | |||||||||
Forfeited | 0 | 0 | |||||||||
Outstanding at end of the period ended March 31, 2021 | 180,925 | $ | 2.57 | ||||||||
Exercisable at end of the period ended March 31, 2021 | 73,888 | $ | 2.57 |
Derivatives in subtopic 815-20 Cash Flow Hedging Relationship | Amount of Unrealized Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) on Derivative | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss)(A) | Amount of Realized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||||||
Foreign exchange contracts | $ | 0 | $ | (1,745) | Cost of goods sold | $ | 0 | $ | (58) | |||||||||||||||||||||||
Selling, general and administrative expense | $ | 0 | $ | (13) | ||||||||||||||||||||||||||||
Interest rate swaps | $ | 0 | $ | (833) | Interest expense | $ | 0 | $ | (50) |
2020: | Derivative Hedging Activities | Post Retirement Benefit Plan Items(A) | Accumulated Other Comprehensive Income (Loss) | ||||||||||||||
Balance at December 31, 2019 | $ | (191) | $ | 1,561 | $ | 1,370 | |||||||||||
Other comprehensive loss before reclassifications | (2,578) | 0 | (2,578) | ||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 121 | (79) | 42 | ||||||||||||||
Income tax benefit | 538 | 17 | 555 | ||||||||||||||
Balance at March 31, 2020 | $ | (2,110) | $ | 1,499 | $ | (611) | |||||||||||
2021: | |||||||||||||||||
Balance at December 31, 2020 | $ | 0 | $ | 1,375 | $ | 1,375 | |||||||||||
Other comprehensive loss before reclassifications | 0 | 0 | 0 | ||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | (81) | (81) | ||||||||||||||
Income tax benefit | 0 | 17 | 17 | ||||||||||||||
Balance at March 31, 2021 | $ | 0 | $ | 1,311 | $ | 1,311 |
Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number that May Yet be Purchased Under the Plans or Programs | ||||||||||||||||||||||
January 1 to 31, 2021 | 3,874 | $ | 12.20 | — | — | |||||||||||||||||||||
February 1 to 28, 2021 | — | — | — | — | ||||||||||||||||||||||
March 1 to 31, 2021 | — | — | — | — |
CORE MOLDING TECHNOLOGIES, INC. | ||||||||||||||
Date: | May 7, 2021 | By: | /s/ David L. Duvall | |||||||||||
David L. Duvall | ||||||||||||||
President, Chief Executive Officer, and Director | ||||||||||||||
Date: | May 7, 2021 | By: | /s/ John P. Zimmer | |||||||||||
John P. Zimmer | ||||||||||||||
Executive Vice President, Secretary, Treasurer and Chief Financial Officer |
Exhibit No. | Description | Location | ||||||||||||
2(a)(1) | Asset Purchase Agreement dated as of September 12, 1996, as amended October 31, 1996, between Navistar and RYMAC Mortgage Investment Corporation1 | |||||||||||||
2(a)(2) | Second Amendment to Asset Purchase Agreement dated December 16, 19961 | |||||||||||||
2(b)(1) | Agreement and Plan of Merger dated as of November 1, 1996, between Core Molding Technologies, Inc. and RYMAC Mortgage Investment Corporation | |||||||||||||
2(b)(2) | First Amendment to Agreement and Plan of Merger dated as of December 27, 1996 between Core Molding Technologies, Inc. and RYMAC Mortgage Investment Corporation | |||||||||||||
2(c) | Asset Purchase Agreement dated as of October 10, 2001, between Core Molding Technologies, Inc. and Airshield Corporation | |||||||||||||
2(d) | Asset Purchase Agreement dated as of March 20, 2015, between Core Molding Technologies, Inc and CPI Binani, Inc. | |||||||||||||
2(e) | Asset Purchase Agreement dated as of January 16, 2018 between 1137952 B.C. Ltd., Horizon Plastics International, Inc., 1541689 Ontario Inc., 2551024 Ontario Inc., Horizon Plastics de Mexico, S.A. de C.V., and Brian Read | |||||||||||||
3(a)(1) | Certificate of Incorporation of Core Molding Technologies, Inc. as filed with the Secretary of State of Delaware on October 8, 1996 | |||||||||||||
3(a)(2) | Certificate of Amendment of Certificate of Incorporation of Core Molding Technologies, Inc. as filed with the Secretary of State of Delaware on November 6, 1996 | |||||||||||||
3(a)(3) | Certificate of Amendment of Certificate of Incorporation as filed with the Secretary of State of Delaware on August 28, 2002 | |||||||||||||
3(a)(4) | Certificate of Designation, Preferences and Rights of Series A Junior Participating Preferred Stock as filed with the Secretary of State of Delaware on July 18, 2007 | |||||||||||||
3(a)(5) | Certificate of Elimination of Series A Junior Participating Preferred Stock, as filed with the Secretary of State of the State of Delaware on April 2, 2015. | |||||||||||||
3(a)(6) | Certificate of Designation, Preferences and Rights of Series B Junior Participating Preferred Stock, as filed with the Secretary of State of the State of Delaware on April 21, 2020 | |||||||||||||
Exhibit No. | Description | Location | ||||||||||||
3(a)(7) | Certificate of Elimination of Series B Junior Participating Preferred Stock, as filed with the Secretary of State of the State of Delaware on April 1, 2021. | |||||||||||||
3(a)(8) | Rights Agreement, dated as of April 21, 2020, by and between Core Molding Technologies, Inc. and American Stock Transfer & Trust Company, as Rights Agent | |||||||||||||
3(a)(9) | Amendment No. 1 to Stockholder Rights Agreement, dated as of March 30, 2021, between Core Molding Technologies, Inc. and American Stock Transfer & Trust Company | |||||||||||||
3(b) | Amended and Restated By-Laws of Core Molding Technologies, Inc. | |||||||||||||
3(b)(1) | Amendment No. 1 to the Amended and Restated By-Laws of Core Molding Technologies, Inc. | |||||||||||||
4(a)(1) | Certificate of Incorporation of Core Molding Technologies, Inc. as filed with the Secretary of State of Delaware on October 8, 1996 | |||||||||||||
4(a)(2) | Certificate of Amendment of Certificate of Incorporation of Core Molding Technologies, Inc. as filed with the Secretary of State of Delaware on November 6, 1996 | |||||||||||||
4(a)(3) | Certificate of Amendment of Certificate of Incorporation as filed with the Secretary of State of Delaware on August 28, 2002 | |||||||||||||
4(a)(4) | Certificate of Designation, Preferences and Rights of Series A Junior Participating Preferred Stock as filed with the Secretary of State of Delaware on July 18, 2007 | |||||||||||||
4(a)(5) | Certificate of Elimination of Series A Junior Participating Preferred Stock, as filed with the Secretary of State of the State of Delaware on April 2, 2015 | |||||||||||||
4 (a)(6) | Certificate of Designation, Preferences and Rights of Series B Junior Participating Preferred Stock, as filed with the Secretary of State of the State of Delaware on April 21, 2020 | |||||||||||||
4(a)(7) | Certificate of Elimination of Series B Junior Participating Preferred Stock, as filed with the Secretary of State of the State of Delaware on April 1, 2021. | |||||||||||||
4(a)(8) | Rights Agreement, dated as of April 21, 2020, by and between Core Molding Technologies, Inc. and American Stock Transfer & Trust Company, as Rights Agent | |||||||||||||
4(a)(9) | Amendment No. 1 to Stockholder Rights Agreement, dated as of March 30, 2021, between Core Molding Technologies, Inc. and American Stock Transfer & Trust Company | |||||||||||||
Exhibit No. | Description | Location | ||||||||||||
11 | Computation of Net Income per Share | |||||||||||||
31(a) | Section 302 Certification by David L. Duvall, President, Chief Executive Officer, and Director | |||||||||||||
31(b) | Section 302 Certification by John P. Zimmer, Vice President, Secretary, Treasurer, and Chief Financial Officer | |||||||||||||
32(a) | Certification of David L. Duvall, Chief Executive Officer of Core Molding Technologies, Inc., dated May 7, 2021, pursuant to 18 U.S.C. Section 1350 | |||||||||||||
32(b) | Certification of John P. Zimmer, Chief Financial Officer of Core Molding Technologies, Inc., dated May 7, 2021, pursuant to 18 U.S.C. Section 1350 | |||||||||||||
101.INS | XBRL Instance Document | Filed Herein | ||||||||||||
101.SCH | XBRL Taxonomy Extension Schema Document | Filed Herein | ||||||||||||
101.CAL | XBRL Taxonomy Extension Calculation Linkbase | Filed Herein | ||||||||||||
101.LAB | XBRL Taxonomy Extension Label Linkbase | Filed Herein | ||||||||||||
101.PRE | XBRL Taxonomy Extension Presentation Linkbase | Filed Herein | ||||||||||||
101.DEF | XBRL Taxonomy Extension Definition Linkbase | Filed Herein |