{"url_path":"/sec/cmt/10-k/2026/item-16","section_key":"item-16","section_title":"Item 16 FORM 10-K SUMMARY","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-10","source_url":"https://www.sec.gov/Archives/edgar/data/1026655/0001026655-26-000009-index.html","accession_number":"0001026655-26-000009","cik":"0001026655","ticker":"CMT","issuer_name":"CORE MOLDING TECHNOLOGIES INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1026655/0001026655-26-000009-index.html","primary_entity_key":"0001026655","primary_entity_name":"CORE MOLDING TECHNOLOGIES INC"},"word_count":1529,"has_tables":true,"body_markdown":"ITEM 16. FORM 10-K SUMMARY\n\nNot Applicable.\n\n65\n\n[Table of Contents](#i6a630412e4b44f69badf46b2bc843e4d_7)\n\nSIGNATURES\n\nPursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.\n\nCORE MOLDING TECHNOLOGIES, INC.\n\nBy/s/ David L. Duvall\n\nDavid L. Duvall\n\nPresident and Chief Executive Officer\n\nMarch 10, 2026\n\nPursuant to the requirements of the Securities Exchange Act of 1934, this report has signed below by the following persons been on behalf of the registrant and in the capacities and on the dates indicated:\n\n/s/ David L. Duvall\n\nDavid L. DuvallPresident, Chief Executive Officer, and Director (Principal Executive Officer)March 10, 2026\n\n/s/ Alex J. Panda\n\nAlex J. Panda\n\nExecutive Vice President, Secretary, Treasurer and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)\nMarch 10, 2026\n\n*\n\nSandra L. KowaleskiDirectorMarch 10, 2026\n\n*\n\nThomas R. CellittiDirectorMarch 10, 2026\n\n*\n\nRalph O. HellmoldDirectorMarch 10, 2026\n\n*\n\nMatthew JauchiusDirectorMarch 10, 2026\n\n*\n\nSalvador Minarro-VillalobosDirectorMarch 10, 2026\n\n*\n\nAndrew O. SmithDirectorMarch 10, 2026\n\n*By /s/ Alex J. Panda\n\nAlex J. Panda\nAttorney-In-FactMarch 10, 2026\n\n66\n\n[Table of Contents](#i6a630412e4b44f69badf46b2bc843e4d_7)\n\nCore Molding Technologies, Inc. and Subsidiaries\n\nSchedule II\n\nConsolidated valuation and qualifying accounts and reserves for the years ended December 31, 2025, 2024 and 2023.\n\nReserves deducted from asset to which it applies:\n\nAllowance for Doubtful Accounts\n\nAdditions\n\nBalance at\nBeginning of\nYear(Recovered)/\nCharged to\nCosts &\nExpensesCharged to\nOther\nAccounts\nDeductions(A)\nBalance at End\nof Year\n\nYear Ended December 31, 2025$— $58,000 $— $— $58,000 \n\nYear Ended December 31, 2024$— $— $— $— $— \n\nYear Ended December 31, 2023$— $— $— $— $— \n\nCustomer Chargeback Allowance\n\nAdditions\n\nBalance at\nBeginning of\nYear(Recovered)/\nCharged to\nCosts &\nExpensesCharged to\nOther\nAccountsDeductions(B)Balance at End\nof Year\n\nYear Ended December 31, 2025$227,000 $362,000 $— $377,000 $212,000 \n\nYear Ended December 31, 2024$138,000 $327,000 $— $238,000 $227,000 \n\nYear Ended December 31, 2023$502,000 $534,000 $— $898,000 $138,000 \n\n(A)Amount represents uncollectible accounts written off.\n\n(B)Amount represents customer returns and deductions, discounts and price adjustments accepted.\n\n67\n\n[Table of Contents](#i6a630412e4b44f69badf46b2bc843e4d_7)\n\nINDEX TO EXHIBITS\n\nExhibit No.DescriptionLocation\n\n3(a)Amended and Restated Certificate of Incorporation of Core Molding Technologies, Inc. as filed with the Secretary of State of Delaware on May 29, 2024\n[Incorporated by reference to Exhibit 1.1 to Registration Statement on Form S-8 (Registration No. 333-281428) filed August 9, 2024](https://www.sec.gov/Archives/edgar/data/1026655/000102665524000100/cmtamendedandrestatedcer.htm)\n\n3(b)(1)Amended and Restated By-Laws of Core Molding Technologies, Inc.\n[Incorporated by reference to Exhibit 3.1 to Current Report on Form 8-K filed January 4, 2008](https://www.sec.gov/Archives/edgar/data/1026655/000129993308000077/exhibit1.htm)\n\n3(b)(2)Amendment No. 1 to the Amended and Restated By- Laws of Core Molding Technologies, Inc.\n[Incorporated by reference to Exhibit 3.1 to Current Report on Form 8-K filed December 17, 2013](https://www.sec.gov/Archives/edgar/data/1026655/000102665513000048/exhibit31.htm)\n\n4Description of Securities\n[Filed Herein](cmt-20251231x10kex4.htm)\n\n10(a)\nSupply Agreement, dated August 4, 2014 between Core Molding Technologies, Inc. and Core Composites Corporation and International Motors, LLC.2\n\n[Incorporated by reference to Exhibit 10(a) to Quarterly Report on Form 10-Q for the quarter ended September 30, 2014](https://www.sec.gov/Archives/edgar/data/1026655/000102665514000034/corenavistaragreement.htm)\n\n10(b)Credit Agreement, dated October 27, 2020, between Core Molding Technologies, Inc. and Wells Fargo Bank, National Association, as administrative agent, lead arranger and book runner, and the lenders party thereto.\n[Incorporated by reference to Exhibit 10.1 to Form 8-K filed on November 2, 2020](https://www.sec.gov/Archives/edgar/data/1026655/000102665520000087/ex101.htm)\n\n10(c)First Amendment to Credit Agreement\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on February 17, 2026](https://www.sec.gov/Archives/edgar/data/1026655/000102665526000003/firstamendmenttocreditagre.htm)\n\n10(b)(1)Master Security Agreement, dated as of October 20, 2020, among FGI Equipment Finance LLC, Core Molding Technologies, Inc. as debtor, and each of Core Composites Corporation and CC HPM, S. de R.L. de C.V., as guarantors\n[Incorporated by reference to Exhibit 10.2 to Form 8-K filed on November 2, 2020](https://www.sec.gov/Archives/edgar/data/1026655/000102665520000087/ex102.htm)\n\n10(b)(2)Promissory Note, dated October 20, 2020, between Core Molding Technologies, Inc. and FGI Equipment Finance LLC.\n[Incorporated by reference to Exhibit 10.3 to Form 8-K filed on November 2, 2020](https://www.sec.gov/Archives/edgar/data/1026655/000102665520000087/ex103.htm)\n\n10(c)(1)\n2002 Core Molding Technologies, Inc. Employee Stock Purchase Plan (as amended May 17, 2006)1\n\n[Incorporated by reference to Exhibit 10.3 to Current Report on Form 8-K filed on May 23, 2006](https://www.sec.gov/Archives/edgar/data/1026655/000095015206004685/l20485aexv10w3.txt)\n\n10(d)\n2006 Core Molding Technologies, Inc. Long Term Equity Incentive Plan as amended and restated effective May 12, 20171\n\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on May 15, 2017](https://www.sec.gov/Archives/edgar/data/1026655/000102665517000016/ex1012006long-termincentiv.htm)\n\n10(e)\nCore Molding Technologies, Inc. Executive Cash Incentive Plan1\n\n[Incorporated by reference to Exhibit A to Definitive Proxy Statement on Schedule 14A dated April 8, 2016](https://www.sec.gov/Archives/edgar/data/1026655/000102665516000047/a2016proxystatement.htm)\n\n10(f)\nCore Molding Technologies, Inc. Salaried Employee Bonus Plan2\n\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on December 9, 2020](https://www.sec.gov/Archives/edgar/data/0001026655/000102665520000094/ex101.htm)\n\n68\n\n[Table of Contents](#i6a630412e4b44f69badf46b2bc843e4d_7)\n\nExhibit No.DescriptionLocation\n\n10(g)\nForm of Restricted Stock Agreement between Core Molding Technologies, Inc. and certain executive officers1\n\n[Incorporated by reference to Exhibit 10.2 to Current Report on Form 8-K filed on May 15, 2012](https://www.sec.gov/Archives/edgar/data/1026655/000102665512000017/exhibit102.htm)\n\n10(h)\nForm of Award for Stock Appreciation Rights between Core Molding Technologies, Inc. and certain executive officers1\n\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on May 20, 2019](https://www.sec.gov/Archives/edgar/data/1026655/000102665518000003/ex101hpiacquisitioncredita.htm)\n\n10(i)\nForm of Restricted Stock Agreement between Core Molding Technologies, Inc. and certain executive officers, dated August 6, 20211\n\n[Incorporated by reference to Exhibit 10(m) to Quarterly Report on Form 10-Q for the quarter ended June 30, 2021](https://www.sec.gov/Archives/edgar/data/1026655/000102665521000067/a10m.htm)\n\n10(j)\nForm of Executive Employment Agreement between David L. Duvall and Core Molding Technologies, Inc, dated August 6, 20211\n\n[Incorporated by reference to Exhibit 10(n) to Quarterly Report on Form 10-Q for the quarter ended June 30, 2021](https://www.sec.gov/Archives/edgar/data/1026655/000102665521000067/a10n.htm)\n\n10(k)\nForm of Executive Employment Agreement between Core Molding Technologies, Inc. and certain executive officers, dated August 6, 20211\n\n[Incorporated by reference to Exhibit 10(q) to Quarterly Report on Form 10-Q filed on August 6th, 2021](https://www.sec.gov/Archives/edgar/data/1026655/000102665521000067/a10q.htm)\n\n10(l)Credit Agreement, dated July 22, 2022 between Core Molding Technologies, Inc. and The Huntington National Bank, as administrative agent, sole lead arranger and sole bookrunner, and the lenders from time to time thereto\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on July 28, 2022](https://www.sec.gov/Archives/edgar/data/1026655/000102665522000080/creditagreement.htm)\n\n10(m)\nCore Molding Technologies, Inc. 2021 Long-Term Equity Incentive Plan1\n\n[Incorporated by reference to Appendix A to the Definitive Proxy Statement on Schedule 14A dated April 7, 2021](https://www.sec.gov/Archives/edgar/data/1026655/000102665521000014/a2020coreproxystatement.htm)\n\n10(m)(1)\nFirst Amendment to the Core Molding Technologies, Inc. 2021 Long-Term Equity Incentive Plan1\n\n[Incorporated by reference to Appendix B to the Company’s Definitive Proxy Statement on Schedule 14A filed with the Commission on April 11, 2024](https://www.sec.gov/Archives/edgar/data/1026655/000102665524000050/a2023coreproxystatement.htm)\n\n10(m)(2)\nSecond Amendment to the Core Molding Technologies, Inc. 2021 Long-Term Equity Incentive Plan1\n\n[Incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement on Schedule 14A filed with the Commission on April 4, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001026655/000102665525000026/cmt-20250403.htm)\n\n10(n)\nForm Performance Restricted Stock Award Agreement1\n\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on March 14, 2023](https://www.sec.gov/Archives/edgar/data/1026655/000102665523000010/performancestockawardagree.htm)\n\n10(o)\nCore Molding Technologies, Inc. Employee Stock Purchase Plan (as amended and restated effective as of May 11, 2023)1\n\n[Incorporated by reference to Appendix A to the Definitive Proxy Statement on Schedule 14A dated April 7, 2023](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001026655/000102665523000046/cmt-20230407.htm)\n\n10(p)First Amendment to Credit Agreement\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on March 11, 2024](https://www.sec.gov/Archives/edgar/data/1026655/000102665524000025/firstamendmenttocreditagre.htm)\n\n10(q)\nForm Performance Restricted Stock Award Agreement between Core Molding Technologies, Inc. and certain executive officers1\n\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on April 10, 2024](https://www.sec.gov/Archives/edgar/data/1026655/000102665524000048/ex101performancerestricted.htm)\n\n10(r)\nForm Restricted Stock Agreement between Core Molding Technologies, Inc. and certain executive officers1\n\n[Incorporated by reference to Exhibit 10.2 to Current Report on Form 8-K filed on April 10, 2024](https://www.sec.gov/Archives/edgar/data/1026655/000102665524000048/ex102restrictedstockagreem.htm)\n\n69\n\n[Table of Contents](#i6a630412e4b44f69badf46b2bc843e4d_7)\n\nExhibit No.DescriptionLocation\n\n10(s)\nSecond Amended and Restated Employment Agreement between David Duvall and the Company, dated August 1, 20251\n\n[Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed on August 5, 2025](https://www.sec.gov/Archives/edgar/data/1026655/000102665525000069/secondamendedandrestatedem.htm)\n\n11Computation of Net Income per Share\n[Exhibit 11 omitted because the required information is Included in Notes to Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K](#i6a630412e4b44f69badf46b2bc843e4d_94)\n\n19Core Molding Technologies, Inc. Insider Trading Policy\n[Filed Herein](cmt-20251231x10kex19.htm)\n\n21List of Subsidiaries\n[Filed Herein](cmt-20251231x10kex21.htm)\n\n23Consent of Crowe LLP\n[Filed Herein](cmt-20251231x10kex23.htm)\n\n24Powers of Attorney\n[Filed Herein](cmt-20251231x10kex24.htm)\n\n31(a)Section 302 Certification by David L. Duvall, President, Chief Executive Officer, and Director\n[Filed Herein](cmt-20251231x10kex31a.htm)\n\n31(b)Section 302 Certification by Alex J. Panda, Executive Vice President, Secretary, Treasurer, and Chief Financial Officer\n[Filed Herein](cmt-20251231x10kex31b.htm)\n\n32(a)Certification of David L. Duvall, Chief Executive Officer of Core Molding Technologies, Inc., dated March 10, 2026, pursuant to 18 U.S.C. Section 1350\n[Filed Herein](cmt-20251231x10kex32a.htm)\n\n32(b)Certification of Alex J. Panda, Chief Financial Officer of Core Molding Technologies, Inc., dated March 10, 2026, pursuant to 18 U.S.C. Section 1350\n[Filed Herein](cmt-20251231x10kex32b.htm)\n\n97\nCore Molding Technologies, Inc. Clawback Policy1\n\n[Filed Herein](https://www.sec.gov/Archives/edgar/data/1026655/000102665525000026/cmt-20250403.htm)\n\n101.INSXBRL Instance DocumentFiled Herein\n\n101.SCHXBRL Taxonomy Extension Schema DocumentFiled Herein\n\n101.CALXBRL Taxonomy Extension Calculation LinkbaseFiled Herein\n\n101.LABXBRL Taxonomy Extension Label LinkbaseFiled Herein\n\n101.PREXBRL Taxonomy Extension Presentation LinkbaseFiled Herein\n\n101.DEFXBRL Taxonomy Extension Definition LinkbaseFiled Herein\n\n104Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)Filed Herein\n\n1.Indicates management contracts or compensatory plans that are required to be filed as an exhibit to this Annual Report on Form 10-K.\n\n2.Certain portions of this Exhibit have been omitted intentionally subject to a confidentiality treatment request. A complete version of the Exhibit has been filed separately with the Securities and Exchange Commission.\n\n70"}