AdvanSix Appoints New CFO, Details Compensation
Ticker: ASIX · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1673985
| Field | Detail |
|---|---|
| Company | Advansix Inc. (ASIX) |
| Form Type | 8-K |
| Filed Date | Sep 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $525,000, $800,000, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: ASIX
TL;DR
AdvanSix names Michael Roberts new CFO, starting Sept 16th with $425k salary + stock.
AI Summary
AdvanSix Inc. announced on September 12, 2024, the appointment of Michael Roberts as Chief Financial Officer, effective September 16, 2024. Roberts will receive an annual base salary of $425,000 and will be eligible for an annual cash incentive award. He will also receive a restricted stock unit award with a target value of $750,000.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $425,000 — CFO Annual Base Salary (Starting salary for Michael Roberts)
- $750,000 — CFO Stock Award Target (Initial equity grant for Michael Roberts)
Key Players & Entities
- AdvanSix Inc. (company) — Registrant
- Michael Roberts (person) — Appointed Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- $750,000 (dollar_amount) — Target value of restricted stock unit award for new CFO
- September 12, 2024 (date) — Date of report
- September 16, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of AdvanSix Inc.?
Michael Roberts has been appointed as the new Chief Financial Officer of AdvanSix Inc.
When is Michael Roberts' appointment as CFO effective?
Michael Roberts' appointment as CFO is effective September 16, 2024.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Michael Roberts, is $425,000.
What is the target value of the restricted stock unit award for Michael Roberts?
The target value of the restricted stock unit award for Michael Roberts is $750,000.
What is AdvanSix Inc.'s principal executive office address?
AdvanSix Inc.'s principal executive office is located at 300 Kimball Drive, Suite 101, Parsippany, New Jersey 07054.
Filing Stats: 868 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-09-12 06:32:24
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ASIX New York Stock Exchange
- $525,000 — hwar will earn an annual base salary of $525,000. He will be entitled to participate in
- $800,000 — al award is expected to have a value of $800,000 and to be granted as a mix of restricte
- $25,000 — hwar will (i) receive a cash payment of $25,000, subject to repayment if he does not co
Filing Documents
- asix-20240912.htm (8-K) — 29KB
- advansixappointscfo.htm (EX-99.1) — 15KB
- advansixlogowithtaglinea.jpg (GRAPHIC) — 237KB
- 0001673985-24-000128.txt ( ) — 451KB
- asix-20240912.xsd (EX-101.SCH) — 2KB
- asix-20240912_lab.xml (EX-101.LAB) — 22KB
- asix-20240912_pre.xml (EX-101.PRE) — 13KB
- asix-20240912_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 September 12, 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: September 12, 2024 AdvanSix Inc. By: /s/ Achilles B. Kintiroglou Name: Achilles B. Kintiroglou Title: Senior Vice President, General Counsel and Corporate Secretary