Element Solutions Appoints New CTO, Grants RSUs

TL;DR

Element Solutions just hired a new CTO, Matthew Oddy, and gave him $375k salary + 150k RSUs.

AI Summary

Element Solutions Inc. announced on October 2, 2024, the appointment of Dr. Matthew L. Oddy as Chief Technology Officer, effective October 7, 2024. Dr. Oddy will receive an annual base salary of $375,000 and will be eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units (RSUs) vesting over three years, with 50,000 RSUs vesting on each anniversary of the grant date.

Why It Matters

The appointment of a new Chief Technology Officer signals a strategic focus on innovation and technological advancement for Element Solutions Inc.

Risk Assessment

Risk Level: low — This filing is a routine executive appointment and compensation disclosure, with no immediate financial risks indicated.

Key Numbers

• $375,000 — CTO Annual Salary (Base compensation for Dr. Matthew L. Oddy.)
• 150,000 — CTO RSUs Granted (Equity award to incentivize and retain the new Chief Technology Officer.)

Key Players & Entities

• Element Solutions Inc (company) — Registrant
• Dr. Matthew L. Oddy (person) — Appointed Chief Technology Officer
• $375,000 (dollar_amount) — Annual base salary for new CTO
• 150,000 (dollar_amount) — Restricted stock units granted to new CTO
• October 2, 2024 (date) — Date of report
• October 7, 2024 (date) — Effective date of CTO appointment

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share ESI New York Stock Exchange

Filing Documents

• esi-20241002.htm (8-K) — 23KB
• esi-20241002_g1.jpg (GRAPHIC) — 286KB
• 0001590714-24-000138.txt ( ) — 823KB
• esi-20241002.xsd (EX-101.SCH) — 2KB
• esi-20241002_lab.xml (EX-101.LAB) — 23KB
• esi-20241002_pre.xml (EX-101.PRE) — 13KB
• esi-20241002_htm.xml (XML) — 3KB

From the Filing

esi-20241002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 8-K ________________________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 2, 2024 ________________________________________________________ Element Solutions Inc ________________________________________________________ (Exact name of registrant as specified in its charter) Delaware 001-36272 37-1744899 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 500 East Broward Boulevard, Suite 1860 33394 Fort Lauderdale, Florida (Zip Code) (Address of principal executive offices) Registrant's telephone number, including area code: ( 561 ) 207-9600 Not Applicable ________________________________________________________ (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share ESI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On October 2, 2024, John E. Capps, Executive Vice President, General Counsel and Secretary of Element Solutions Inc (the "Company"), announced his intention to retire from his current position at a date to be determined in 2025. Mr. Capps has agreed to remain in an advisory role as Of Counsel to the Company for an indefinite period. 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) October 4, 2024 /s/ John E. Capps (Date) John E. Capps Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR