BALCHEM CORP
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
BCPC$175.99+0.9%Stored close · as of Nov 9, 2026
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Item 15. Exhibits and Financial Statement schedules
The following documents are filed as part of this Form 10-K:
| 1. | Financial Statements | Page Number |
|---|---|---|
| Report of Independent Registered Public Accounting Firm | 30 | |
| Consolidated Balance Sheets as of December 31, 2024 and 2023 | 32 | |
| Consolidated Statements of Earnings for the years ended December 31, 2024, 2023 and 2022 | 33 | |
| Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023 and 2022 | 34 | |
| Consolidated Statements of Stockholders' Equity for the years ended December 31, 2024, 2023 and 2022 | 35 | |
| Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022 | 36 | |
| Notes to Consolidated Financial Statements | 37 | |
| 2. | Financial Statement Schedules | |
| Schedule II – Valuation and Qualifying Accounts for the years ended December 31, 2024, 2023 and 2022 | 70 | |
| 3. | Exhibits | |
| 2.1 | Share Purchase Agreement between Kechu MidCo AS as the Seller and Balchem Corporation and Balchem B.V. as the Buyers regarding the sale and purchase of the shares in Kechu BidCo AS (incorporated by reference to Exhibit 2.1 of the Company's Current Report on Form 8-K filed on June 15, 2022). | |
| 3.1 | Balchem Corporation Composite Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the Company’s Annual Report on Form 10-K filed on March 16, 2006). | |
| 3.2 | Balchem Corporation Articles of Amendment (incorporated by reference to Exhibit A to the Company’s definitive proxy statement on Schedule 14A filed on April 25, 2008). | |
| 3.3 | Balchem Corporation Articles of Amendment (incorporated by reference to Exhibit A to the Company’s definitive proxy statement on Schedule 14A filed on April 28, 2011). | |
| 3.4 | By-laws of the Company, as amended and restated as of December 5, 2022 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on December 7, 2022). | |
| 3.5 | Balchem Corporation Articles Supplementary (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on September 20, 2024). | |
| 4.1 | Description of Securities (filed herewith). | |
| 10.1 | Balchem Corporation 401(k) Basic Plan Document #01, as amended by the Balchem Corporation 401(K) Plan Amendment of January 1, 2023 (incorporated by reference to Exhibit 10.1 to the Company's Annual Report on Form 10-K filed on February 24, 2023).* | |
| 10.2 | Balchem Corporation Second Amended and Restated 1999 Stock Plan, (incorporated by reference to the Company’s Registration Statement on Form S-8, File No. 333-155655, filed on November 25, 2008, and to the Company's Proxy Statement, filed on April 25, 2008).* |
| 10.3 | Amended and Restated Credit Agreement dated July 27, 2022 (the "Amended Credit Agreement") among Balchem Corporation, the Domestic Guarantors (as defined in the Amended Credit Agreement), JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders (as defined in the Amended Credit Agreement) (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on August 1, 2022). |
| 10.4 | Security and Pledge Agreement dated July 27, 2022 among Balchem Corporation, the Obligors, and JPMorgan Chase Bank, N.A., (incorporated by reference to Exhibit 4.2 to the Company's Current Report on Form 8-K filed on August 1, 2022). |
| 10.5 | Balchem Corporation 2017 Omnibus Incentive Plan (incorporated by reference to the Company's Registration Statement on Form S-8, File No. 333-219722, filed on August 4, 2017 and Appendix A to the Company's Proxy Statement on Schedule 14A, filed on April 27, 2017).* |
| 10.6 | Amended and Restated Balchem Corporation 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed on June 26, 2023).* |
| 10.7 | Form of Agreement, Balchem Corporation Restricted Stock Grant Agreement (incorporated by reference to Exhibit 10.7 to the Company's Annual Report on Form 10-K filed on February 16, 2024).* |
| 10.8 | Form of Agreement, Balchem Corporation Performance Share Unit Grant Agreement (incorporated by reference to Exhibit 10.8 to the Company's Annual Report on Form 10-K filed on February 16, 2024).* |
| 10.9 | Form of Agreement, Balchem Corporation Stock Option Grant Agreement (incorporated by reference to Exhibit 10.9 to the Company's Annual Report on Form 10-K filed on February 16, 2024).* |
| 10.10 | Balchem Corporation Officer Retiree Program (incorporated by reference to Exhibit 10.10 to the Company's Annual Report on form 10-K filed on February 16, 2024).* |
| 10.11 | Balchem Corporation Director Retiree Program (incorporated by reference to Exhibit 10.8 to the Company's Annual Report on Form 10-K filed on February 24, 2023).* |
| 10.12 | Employment Agreement, dated as of April 22, 2015, between the Company and Theodore L. Harris (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on August 5, 2015).* |
| 10.13 | Offer Letter dated January 10, 2019 between the Company and C. Martin Bengtsson (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 4, 2019).* |
| 10.14 | Theodore L. Harris Stock Option Grant Agreement, as amended and restated (filed herewith).* |
| 10.15 | Balchem Deferred Compensation Plan (filed herewith).* |
| 19.1 | Balchem Corporation Insider Trading Policy (filed herewith). |
| 21.1 | Subsidiaries of Registrant (filed herewith). |
| 23.1 | Consent of RSM US LLP, Independent Registered Public Accounting Firm (filed herewith). |
| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) (filed herewith). |
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) (filed herewith). |
| 32.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (filed herewith). |
| 32.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (filed herewith). |
| 97.1 | Balchem Corporation Incentive-Based Compensation Recovery Policy (incorporated by reference to Exhibit 97.1 to the Company's Annual Report on Form 10-K filed February 16, 2024).* |
| 101.INS | XBRL Instance Document |
| 101.SCH | XBRL Taxonomy Extension Schema Document |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
| * Each of the Exhibits noted by an asterisk is a management compensatory plan or arrangement. | |
|---|---|
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