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, 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.
CORE MOLDING TECHNOLOGIES INC EVP of Operations Arnold Alanis had 1,067 shares of common stock withheld to cover tax obligations upon the vesting of restricted stock awards. These tax-withholding dispositions, reported at prices between $18.77 and $20.02 per share, are administrative rather than open‑market sales. Following the transactions, Alanis directly holds 25,411 shares of CORE MOLDING TECHNOLOGIES INC common stock.
CORE MOLDING TECHNOLOGIES INC executive updates initial ownership report. EVP of Operations Arnold Alanis filed an amended Form 3 to correct previously reported holdings. The amendment removes Performance-Based shares that were mistakenly included before and now reports direct ownership of 21,235 shares of Common Stock, with no new buy or sell transaction disclosed.
CORE MOLDING TECHNOLOGIES INC executive Stephanie Pulliam, EVP of Human Resources, reported share dispositions tied to tax withholding rather than open-market sales. A total of 812 shares of common stock were withheld on restricted stock vesting to cover tax obligations, leaving her with 18,333 shares held directly after the transactions.
CORE MOLDING TECHNOLOGIES INC executive Michael James Gayford, EVP of Operations, reported several routine share dispositions tied to tax obligations rather than market sales. On March 27, 2026, a total of 2,189 shares of common stock were withheld at $19.40 per share to satisfy tax withholding on vested restricted stock. These transactions are coded as tax-withholding dispositions and are described as exempt under Rule 16b-3(e). Following these withholding events, Gayford directly holds 19,503 shares of CORE MOLDING TECHNOLOGIES INC common stock.
Core Molding Technologies executive Alex Joseph Panda, EVP, Treasurer, Secretary and CFO, had shares of common stock withheld to cover taxes on vested restricted stock. Four transactions on March 27, 2026 withheld a total of 1,707 shares as payment of tax liabilities.
These Form 4 entries are coded "F" for tax-withholding disposition and are not open-market sales. After these withholdings, Panda directly holds 44,315 shares of Core Molding Technologies common stock.