Celanese Corp Files 8-K on Executive Changes and Financials
Ticker: CE · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1306830
| Field | Detail |
|---|---|
| Company | Celanese CORP (CE) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, financial-reporting
Related Tickers: CE
TL;DR
Celanese filed an 8-K detailing executive changes and financial updates as of Dec 9, 2024.
AI Summary
Celanese Corporation filed an 8-K on December 12, 2024, reporting on the departure of directors or certain officers, director elections, and executive compensation arrangements. The filing also includes financial statements and exhibits, with the report period ending December 9, 2024.
Why It Matters
This filing provides crucial updates on the company's leadership and financial reporting, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — This is a routine filing for corporate governance and financial reporting, not indicating immediate operational or financial distress.
Key Players & Entities
- Celanese Corp (company) — Filer
- 20241209 (date) — Report period end date
- 20241212 (date) — Filing date
FAQ
What specific items are covered under the 'Departure of Directors or Certain Officers' section?
The filing indicates it covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the reporting period for this 8-K filing?
The conformed period of report for this 8-K filing is December 9, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted on December 12, 2024.
What is Celanese Corporation's Standard Industrial Classification (SIC) code?
Celanese Corporation's SIC code is 2820, which corresponds to PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS).
Does this filing include any specific financial statements or exhibits?
Yes, the filing explicitly states that 'Financial Statements and Exhibits' are included as part of the information reported.
Filing Stats: 629 words · 3 min read · ~2 pages · Grade level 13.9 · Accepted 2024-12-12 16:15:32
Key Financial Figures
- $0.0001 — ch Registered Common Stock, par value $0.0001 per share CE The New York Stock Excha
Filing Documents
- tm2430529d2_8k.htm (8-K) — 37KB
- tm2430529d2_ex10-1.htm (EX-10.1) — 48KB
- tm2430529d2_ex10-1img001.jpg (GRAPHIC) — 4KB
- 0001104659-24-128023.txt ( ) — 341KB
- ce-20241209.xsd (EX-101.SCH) — 4KB
- ce-20241209_def.xml (EX-101.DEF) — 28KB
- ce-20241209_lab.xml (EX-101.LAB) — 39KB
- ce-20241209_pre.xml (EX-101.PRE) — 27KB
- tm2430529d2_8k_htm.xml (XML) — 10KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Amendments to Severance Benefits Plan On December 9, 2024, the Compensation and Management Development Committee (the "Committee") of the Board of Directors (the "Board") of Celanese Corporation (the "Company") approved changes to the Company's Executive Severance Benefits Plan (to be renamed the Designated Roles Member Severance Benefits Plan), effective as of January 1, 2025, that reduce the severance benefit thereunder from 150% of base salary and target bonus to 100% of base salary and target bonus for individuals who are "executive officers" under applicable SEC rules (from 200% to 150% in the case of the CEO) and make other clarifying changes. The foregoing summary of the above changes and compensatory arrangements does not purport to be complete and is qualified in its entirety by reference to the full text of the documents, as applicable, copies of which are attached as exhibits hereto.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) The following exhibits are being furnished herewith: Exhibit Number Description 10.1 Designated Roles Member Severance Benefits Plan 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document contained in Exhibit 101) 2
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. CELANESE CORPORATION By: /s/ Ashley B. Duffie Name: Ashley B. Duffie Title: Senior Vice President, General Counsel and Corporate Secretary Date: December 12, 2024 3