# EDGAR Filing Document

**Accession Number:** 0001801368
**File Stem:** 0001801368-23-000014
**Filing Date:** 2023-3
**Character Count:** 8513
**Document Hash:** 91c28eba29c98924b6fb3e92cacd0a7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001801368-23-000014.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0001801368-23-000014

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230308

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230309

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MP Materials Corp. / DE
- **CENTRAL INDEX KEY:** 0001801368
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **IRS NUMBER:** 844465489
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39277
- **FILM NUMBER:** 23718341

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 S. PAVILION CENTER DR.
- **STREET 2:** SUITE 800
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135
- **BUSINESS PHONE:** (702) 844-6111

**MAIL ADDRESS:**
- **STREET 1:** 1700 S. PAVILION CENTER DR.
- **STREET 2:** SUITE 800
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89135

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fortress Value Acquisition Corp.
- **DATE OF NAME CHANGE:** 20200128

?xml version="1.0" ? mp-20230308

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): March 8, 2023

**MP MATERIALS CORP.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39277** | **84-4465489** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**1700 S. Pavilion Center Drive, 8**<sup>th</sup> **Floor**

**Las Vegas, Nevada 89135**

(Address of principal executive offices and Zip Code)

**(702) 844-6111**

(Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value of $0.0001 per share | MP | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On March 8, 2023, the Board of Directors (the "Board") of MP Materials Corp. (the "Company") increased the size of the Board from seven directors to eight directors and subsequently elected Arnold W. Donald to fill the vacancy. Mr. Donald was elected as a Class III director with a term expiring at the 2023 annual meeting of stockholders, and Mr. Donald was appointed as a member of the Compensation Committee of the Board.

Mr. Donald shall be eligible to participate in all previously established and disclosed compensation plans in which non-employee directors participate. Such compensation plans are described in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission on April 29, 2022. There are no arrangements or understandings between Mr. Donald and any other person pursuant to which he was selected as a director. Mr. Donald has not been a party to any transaction involving the Company required to be disclosed under Item 404(a) of Regulation S-K.

On March 8, 2023, the Company issued a press release announcing Mr. Donald's election to the Board, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Press release dated March 8, 2023 of MP Materials Corp.](mpmcexhibit9913823.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: | March 9, 2023 | MP Materials Corp. | MP Materials Corp. |
|  |  | By: | /s/ Elliot D. Hoops |
|  |  |  | Elliot D. Hoops |
|  |  |  | General Counsel and Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

![image_2.jpg](image_2.jpg)

**MP Materials Elects Arnold W. Donald to Board**

**LAS VEGAS – March 8, 2023** – MP Materials Corp. (NYSE: MP) announced today that Arnold W. Donald has been elected to the company's board of directors. Mr. Donald brings decades of experience in corporate leadership and a track record of value creation to MP Materials. He is the former President and CEO of Carnival Corporation and currently serves as a Director of Bank of America Corporation and Salesforce, Inc.

"Arnold's knowledge and passion will add depth to our board at a critical time," said MP Materials Chairman and CEO, James Litinsky. "His extensive experience in strategic planning and global operations will help us grow the company thoughtfully as we fulfill our mission."

"I am inspired by MP Materials' mission and the potential to diversify a supply chain vital to the global economy," said Arnold Donald. "Through innovation and an unwavering commitment to sustainability, MP Materials has a tremendous opportunity to make a positive impact."

Mr. Donald served as President and CEO of Carnival Corporation from 2013 to 2022, accumulating extensive experience in strategic planning, risk management, and governance. During his tenure, he helped Carnival achieve the highest profits in its history and oversaw the successful return of Carnival's fleet into service following the COVID-19 pandemic. Mr. Donald was appointed CEO after serving as a Director of Carnival Corporation and Carnival plc.

Earlier in his career, Mr. Donald served as CEO of The Executive Leadership Council, The Juvenile Diabetes Research Foundation, and Merisant. In addition, Mr. Donald held several senior leadership positions with global responsibilities at Monsanto over a more than 20-year tenure, including President of its Agricultural Group and President of its Nutrition and Consumer Sector.

Mr. Donald earned a B.A. in economics from Carleton College, a B.S. in mechanical engineering from Washington University in St. Louis, and an M.B.A. from The University of Chicago Booth School of Business.

**About MP Materials**

MP Materials (NYSE: MP) produces specialty materials that are vital inputs for electrification and other advanced technologies. MP's Mountain Pass facility is America's only scaled rare earth production source. The company is currently expanding its manufacturing operations downstream to provide a full supply chain solution from materials to magnetics. More information is available at https://mpmaterials.com/.

Join the MP Materials community on Twitter, YouTube, Instagram and LinkedIn.

**Contacts** 

**Investors:**

IR@mpmaterials.com

**Media:** 

media@mpmaterials.com

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