Albemarle Corp Elects New Directors, Discloses Officer Compensation
Ticker: ALB-PA · Form: 8-K · Filed: Oct 7, 2024 · CIK: 915913
| Field | Detail |
|---|---|
| Company | Albemarle CORP (ALB-PA) |
| Form Type | 8-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors, officer-compensation
Related Tickers: ALB
TL;DR
Board shakeup at ALB: two new directors in, check the exec pay.
AI Summary
Albemarle Corporation announced on October 7, 2024, a change in its Board of Directors, with the election of two new directors, Ms. Sarah E. Bates and Mr. Michael E. Sixt. This filing also disclosed compensatory arrangements for certain officers and included financial statements and exhibits.
Why It Matters
Changes in the board of directors can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters and does not indicate significant financial distress or operational changes.
Key Players & Entities
- Albemarle Corporation (company) — Registrant
- Sarah E. Bates (person) — Newly Elected Director
- Michael E. Sixt (person) — Newly Elected Director
- October 7, 2024 (date) — Date of Report
FAQ
Who are the newly elected directors to Albemarle Corporation's Board?
Albemarle Corporation elected Ms. Sarah E. Bates and Mr. Michael E. Sixt as new directors to its Board.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is October 7, 2024.
What are the main items disclosed in this 8-K filing?
This filing discloses the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
In which state was Albemarle Corporation incorporated?
Albemarle Corporation was incorporated in Virginia.
What is Albemarle Corporation's fiscal year end?
Albemarle Corporation's fiscal year ends on December 31.
Filing Stats: 1,009 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-10-07 06:53:55
Filing Documents
- alb-20241007.htm (8-K) — 31KB
- exhibit991-10x07x248xk.htm (EX-99.1) — 16KB
- image_0a.jpg (GRAPHIC) — 37KB
- 0000915913-24-000146.txt ( ) — 258KB
- alb-20241007.xsd (EX-101.SCH) — 2KB
- alb-20241007_def.xml (EX-101.DEF) — 6KB
- alb-20241007_lab.xml (EX-101.LAB) — 27KB
- alb-20241007_pre.xml (EX-101.PRE) — 17KB
- alb-20241007_htm.xml (XML) — 4KB
01. Submission of Matters to a Vote of Security Holders
Item 7.01. Submission of Matters to a Vote of Security Holders. On October 7, 2024, the Company issued a press release announcing a new operating structure that will transition from two core global units to a fully integrated functional model designed to increase agility, deliver significant cost savings and maintain long-term competitiveness. A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 7.01, including Exhibit 99.1, is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. Cautionary Statement Regarding Forward -Looking Statements This Current Report on Form 8-K contains statements concerning Albemarle's and its subsidiaries' expectations, anticipations, intentions, beliefs, or strategies regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date of this Current Report on Form 8-K and are subject to known and unknown risks and uncertainties that could cause actual results, conditions and events to differ materially from those anticipated, often contain words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "would," "will" and variations of such words and similar expressions. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation those factors detailed in the reports Albemarle files with the SEC, including those described under "Risk Factors" in
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit 99.1 Press release, dated October 7, 2024, issued by the Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. ALBEMARLE CORPORATION Date: October 7, 2024 By: /s/ Neal R. Sheorey Neal R. Sheorey Executive Vice President and Chief Financial Officer