Element Solutions Files 8-K on Financials & Officer Compensation
Ticker: ESI · Form: 8-K · Filed: Feb 20, 2024 · CIK: 1590714
| Field | Detail |
|---|---|
| Company | Element Solutions Inc (ESI) |
| Form Type | 8-K |
| Filed Date | Feb 20, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, executive-compensation, corporate-governance
TL;DR
**Element Solutions just dropped an 8-K detailing financials and officer pay, so keep an eye out for potential impacts on their stock!**
AI Summary
Element Solutions Inc filed an 8-K on February 20, 2024, reporting on events from February 13, 2024. The filing covers results of operations and financial condition, as well as changes in compensatory arrangements for certain officers. This indicates potential updates on the company's financial performance and executive compensation structure.
Why It Matters
This filing provides investors with crucial updates on Element Solutions Inc's financial health and how its executives are compensated, which can influence stock performance and corporate governance perceptions.
Risk Assessment
Risk Level: medium — The filing mentions 'Results of Operations and Financial Condition' and 'Compensatory Arrangements of Certain Officers,' which could contain both positive and negative news, creating moderate risk.
Key Players & Entities
- Element Solutions Inc (company) — Registrant
- February 13, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Filed as of date
- Delaware (company) — State of incorporation
- 001-36272 (dollar_amount) — SEC File Number
FAQ
What is the earliest event date reported in this 8-K filing?
The earliest event reported in this 8-K filing is February 13, 2024.
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 20, 2024.
What specific items are reported in this 8-K filing?
The 8-K reports on 'Results of Operations and Financial Condition' and 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', and 'Financial Statements and Exhibits'.
What is the full legal name of the registrant?
The exact name of the registrant as specified in its charter is Element Solutions Inc.
What is the SEC file number for Element Solutions Inc?
The SEC file number for Element Solutions Inc is 001-36272.
Filing Stats: 1,113 words · 4 min read · ~4 pages · Grade level 12.1 · Accepted 2024-02-20 16:25:25
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ESI New York Stock Exchange
Filing Documents
- esi-20240213.htm (8-K) — 33KB
- aearningsreleaseex99120231.htm (EX-99) — 637KB
- elementlogo_regxtm-01002.jpg (GRAPHIC) — 241KB
- esi-20240213_g1.jpg (GRAPHIC) — 286KB
- 0001590714-24-000039.txt ( ) — 1828KB
- esi-20240213.xsd (EX-101.SCH) — 2KB
- esi-20240213_lab.xml (EX-101.LAB) — 25KB
- esi-20240213_pre.xml (EX-101.PRE) — 13KB
- esi-20240213_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On February 20, 2024, Element Solutions Inc ("Element Solutions") issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. To supplement financial measures prepared in accordance with generally accepted accounting principles in the U.S. ("GAAP"), Element Solutions presents certain non-GAAP financial measures. Investors are encouraged to refer to the Non-GAAP Measures section in the press release for definitions and reconciliations of these non-GAAP measures. The information in this Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any filing of Element Solutions, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 13, 2024, the Board of Directors of Element Solutions (the "Board") appointed Richard L. Fricke as Senior Vice President, Electronics and as an executive officer of Element Solutions, effective immediately. On February 13, 2024, the Board also appointed Matthew Liebowitz as Executive Vice President, Strategy and Head of Industrial & Specialty and as an executive officer of Element Solutions, effective immediately. Mr. Liebowitz replaces Michael Goralski whose retirement was previously announced. Prior to his appointment, Mr. Fricke, age 52, had served in various leadership roles at Element So
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are furnished herewith: Exhibit Number Description 99.1 Press release, dated February 20, 2024 , relating to the financial results of Element Solutions for the fourth quarter and full year ended December 31, 2023 (furnished only) 104 Cover Page Interactive Data File (formatted as Inline XBRL)(furnished only) 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. ELEMENT SOLUTIONS INC (Registrant) February 20, 2024 /s/ Michael Russnok (Date) Michael Russnok Chief Accounting Officer