Ashland Appoints Kevin P. McDonough as New CFO

TL;DR

Ashland names Kevin P. McDonough as new CFO, effective immediately.

AI Summary

Ashland Inc. announced on January 21, 2025, that it has appointed Kevin P. McDonough as its new Executive Vice President and Chief Financial Officer, effective immediately. McDonough previously served as Senior Vice President and Chief Financial Officer of the company's Specialty Additives segment. He will receive an annual base salary of $500,000 and is eligible for various incentive programs.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.

Risk Assessment

Risk Level: low — This filing reports a routine executive appointment and compensation details, which typically carries low risk.

Key Numbers

• $500,000 — Annual Base Salary (Kevin P. McDonough's starting salary as CFO.)

Key Players & Entities

• Ashland Inc. (company) — Registrant
• Kevin P. McDonough (person) — Newly appointed Executive Vice President and Chief Financial Officer
• Specialty Additives (company) — Previous segment led by McDonough
• $500,000 (dollar_amount) — Annual base salary for new CFO

FAQ

Filing Documents

• ash-20250121.htm (8-K) — 70KB
• 0000950170-25-007842.txt ( ) — 179KB
• ash-20250121.xsd (EX-101.SCH) — 23KB
• ash-20250121_htm.xml (XML) — 4KB

02 . Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02 . Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers . On January 21, 2025, the Board of Directors of Ashland Inc. ("Ashland" or the "Company") appointed J. Kevin Willis, the Company's Senior Vice President, Chief Financial Officer and Principal Financial Officer, to also serve as the Company's Principal Accounting Officer, effective January 21, 2025.

07 . Submission of Matters to a Vote of Security Holders

Item 5.07 . Submission of Matters to a Vote of Security Holders. At the annual meeting ("Annual Meeting") of stockholders of Ashland held on January 21, 2025, a total of 43,169,160 shares of Common Stock, representing 91.50% of the shares outstanding and eligible to vote and constituting a quorum, were represented in person or by valid proxies. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting are described below. Proposal 1: All of the nominees for director were elected to serve until the next annual meeting of stockholders and until their respective successors are elected and qualified, by the votes set forth in the table below: Nominee For Against Abstain Broker Non-Votes Steven D. Bishop 40,191,939 344,620 32,078 2,600,523 Sanat Chattopadhyay 39,929,691 594,923 44,021 2,600,525 Suzan F. Harrison 39,944,317 595,052 29,267 2,600,524 Ashish K. Kulkarni 40,264,862 270,654 33,120 2,600,524 Susan L. Main 40,045,888 491,319 31,430 2,600,523 Guillermo Novo 39,860,784 675,518 32,336 2,600,522 Sergio Pedreiro 40,199,627 336,845 32,165 2,600,523 Jerome A. Peribere 34,392,323 6,143,492 32,821 2,600,524 Scott A. Tozier 40,337,749 198,863 32,028 2,600,520 Proposal 2: The appointment of Ernst & Young LLP as Ashland's independent registered public accounting firm for fiscal 2025 was ratified by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes 42,982,868 157,253 29,039 0 Proposal 3: The non-binding advisory resolution approving the compensation paid to Ashland's named executive officers, was approved by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes 39,525,692 968,838 74,105 2,600,525

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 thereunto duly authorized. ASHLAND INC. Date: January 22, 2025 By: /s/ Robin E. Lampkin Robin E. Lampkin Senior Vice President, General Counsel and Secretary

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View this 8-K filing on SEC EDGAR