Ecovyst Inc. Reports Board and Executive Compensation Changes
Ticker: ECVT · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1708035
| Field | Detail |
|---|---|
| Company | Ecovyst Inc. (ECVT) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: ECVT
TL;DR
Ecovyst board shake-up and exec pay changes announced.
AI Summary
Ecovyst Inc. announced on December 10, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of director Michael J. Roman and the appointment of new directors, along with updates to compensatory plans for its officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- Ecovyst Inc. (company) — Registrant
- Michael J. Roman (person) — Departing Director
- December 10, 2024 (date) — Date of earliest event reported
- 001-38221 (other) — Commission File Number
FAQ
Who has departed from Ecovyst Inc.'s board of directors?
Michael J. Roman has departed from Ecovyst Inc.'s board of directors.
What is the Commission File Number for Ecovyst Inc.?
The Commission File Number for Ecovyst Inc. is 001-38221.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on December 10, 2024.
What are the main topics covered in this 8-K filing?
This 8-K filing covers the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state is Ecovyst Inc. incorporated?
Ecovyst Inc. is incorporated in Delaware.
Filing Stats: 454 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-12-16 16:18:04
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share ECVT New York Stock Exchange
Filing Documents
- ecvt-20241210.htm (8-K) — 31KB
- 0001708035-24-000120.txt ( ) — 150KB
- ecvt-20241210.xsd (EX-101.SCH) — 2KB
- ecvt-20241210_lab.xml (EX-101.LAB) — 21KB
- ecvt-20241210_pre.xml (EX-101.PRE) — 12KB
- ecvt-20241210_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On December 10, 2024, the Compensation Committee of the Board of Directors of Ecovyst Inc. (the "Company") approved a retention bonus program under which certain employees of the Company, including Paul Whittleston, the Company's Vice President and President – Advanced Materials and Catalysts, have been granted retention bonuses related to the strategic review process for the Company's Advanced Materials & Catalysts business. Under this program, in the event of certain outcomes of the strategic review process, Mr. Whittleston is entitled to an amount equal to 1.5 times his base salary, payable in two equal installments, generally subject to continued employment. SIGNATURE 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. Date: December 16, 2024 Ecovyst Inc. By: /s/ JOSEPH S. KOSCINSKI Name: Joseph S. Koscinski Title: Vice President, Chief Administrative Officer, General Counsel and Secretary