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Form 8-K · Current Report · Filed 2024-05-03

Martin Marietta Materials Shuts Down Red Canyon Quarry Due to Safety Violation

On May 1, 2024, Martin Marietta Materials, Inc.

Filer
Martin Marietta Materials Inc. MLM · NYSE
Filed
Accession
0000950170-24-052805
CIK
0000916076
Signal
High impactBasic Materials

Details

received a section 107(a) order from the Mine Safety and Health Administration (MSHA) at its Red Canyon Quarry in Colorado Springs, Colorado. The order was issued due to a safety violation where a truck driver climbed up the back end of his trailer without proper fall protection, in violation of company policies. Corrective action was taken, and fortunately, no one was injured. The order has since been terminated.

Items reported

Item 1.04

Reported Item

Mine Shutdown Safety Violation Reported

Market reaction

Close before filing

$589.96

Next session

+1.7%

Since filing

-11.0%

Latest close

$525.14

What happened, not what will happen — closing prices around the filing date.

About Martin Marietta Materials Inc.

Martin Marietta Materials Inc. is a leading supplier of building materials, primarily aggregates like crushed stone, sand, and gravel, as well as cement and concrete products in the United States. Its primary purpose is to support the construction industry by providing essential raw materials used in infrastructure projects, commercial and residential construction, and the development of public works like roads, bridges, and airports. Martin Marietta Materials is heavily involved in sectors such as construction, transportation, and energy, where its products are critical for foundational building and maintenance. The company plays a significant role in regional and national economic development, given the essential nature of its offerings in the construction and infrastructure sectors. With a broad geographic footprint and a diverse product line, Martin Marietta Materials holds a strategic position within the market, contributing to the durability and growth of urban and rural communities alike.

Exchange NYSE Industry Building Materials Company website ↗

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