AdvanSix Appoints New CFO, Roberts Takes Helm
Ticker: ASIX · Form: 8-K · Filed: Aug 19, 2024 · CIK: 1673985
| Field | Detail |
|---|---|
| Company | Advansix Inc. (ASIX) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo-transition, compensation
Related Tickers: ASIX
TL;DR
New CFO Michael Roberts starts Aug 26, replacing Getz. Salary $425k + bonus.
AI Summary
AdvanSix Inc. announced on August 19, 2024, the appointment of Michael Roberts as Chief Financial Officer, effective August 26, 2024. Roberts will succeed Jeffrey L. Getz, who will transition to a senior advisor role until his retirement on December 31, 2024. Roberts's annual base salary will be $425,000, with potential for a target annual bonus of 75% of his base salary.
Why It Matters
This executive transition signals a change in financial leadership, which could impact the company's financial strategy and investor relations.
Risk Assessment
Risk Level: low — The filing details a standard executive transition with clear dates and compensation, posing minimal immediate risk.
Key Numbers
- $425,000 — CFO Base Salary (Michael Roberts's starting annual base salary.)
- 75% — CFO Bonus Target (Michael Roberts's potential target annual bonus percentage.)
Key Players & Entities
- AdvanSix Inc. (company) — Registrant
- Michael Roberts (person) — Appointed Chief Financial Officer
- August 26, 2024 (date) — Effective date of Michael Roberts's appointment
- Jeffrey L. Getz (person) — Outgoing Chief Financial Officer
- December 31, 2024 (date) — Retirement date of Jeffrey L. Getz
- $425,000 (dollar_amount) — Michael Roberts's annual base salary
- 75% (percentage) — Target annual bonus for Michael Roberts
FAQ
Who is the new Chief Financial Officer of AdvanSix Inc.?
Michael Roberts has been appointed as the new Chief Financial Officer of AdvanSix Inc.
When does Michael Roberts's appointment as CFO become effective?
Michael Roberts's appointment as CFO is effective August 26, 2024.
Who is Michael Roberts replacing as CFO?
Michael Roberts is replacing Jeffrey L. Getz as CFO.
What is Michael Roberts's annual base salary?
Michael Roberts's annual base salary is $425,000.
What is the retirement date for the outgoing CFO, Jeffrey L. Getz?
Jeffrey L. Getz will retire on December 31, 2024.
Filing Stats: 750 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-08-19 16:30:15
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ASIX New York Stock Exchange
Filing Documents
- asix-20240819.htm (8-K) — 27KB
- advansixappointsdonaldpnew.htm (EX-99.1) — 15KB
- advansixlogowithtaglinea.jpg (GRAPHIC) — 237KB
- 0001673985-24-000117.txt ( ) — 449KB
- asix-20240819.xsd (EX-101.SCH) — 2KB
- asix-20240819_lab.xml (EX-101.LAB) — 22KB
- asix-20240819_pre.xml (EX-101.PRE) — 13KB
- asix-20240819_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated August 19, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 19, 2024 AdvanSix Inc. By: /s/ Achilles B. Kintiroglou Name: Achilles B. Kintiroglou Title: Senior Vice President, General Counsel and Corporate Secretary