Olin Corp Director Departs, New Director Elected
Ticker: OLN · Form: 8-K · Filed: May 17, 2024 · CIK: 74303
| Field | Detail |
|---|---|
| Company | Olin CORP (OLN) |
| Form Type | 8-K |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation
Related Tickers: OLN
TL;DR
Olin Corp board shakeup: Liffers out, Thaler in. Compensation details TBD.
AI Summary
Olin Corporation announced on May 13, 2024, the departure of Director John M. Liffers and the election of new Director Jeffrey S. Thaler. The company also reported on compensatory arrangements for certain officers, though specific details on these arrangements were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while details on executive compensation are crucial for understanding management incentives.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board changes and does not disclose significant financial or operational risks.
Key Players & Entities
- Olin Corporation (company) — Registrant
- John M. Liffers (person) — Departing Director
- Jeffrey S. Thaler (person) — Newly Elected Director
- May 13, 2024 (date) — Date of earliest event reported
FAQ
Who has been elected to the Olin Corporation Board of Directors?
Jeffrey S. Thaler has been elected to the Olin Corporation Board of Directors.
Who has departed from the Olin Corporation Board of Directors?
John M. Liffers has departed from the Olin Corporation Board of Directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 13, 2024.
What is Olin Corporation's principal executive office address?
Olin Corporation's principal executive offices are located at 190 Carondelet Plaza, Suite 1530, Clayton, MO 63105.
What information is provided regarding compensatory arrangements for certain officers?
The filing indicates that there are compensatory arrangements for certain officers, but specific details are not provided within this document.
Filing Stats: 460 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-05-17 16:14:29
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value per share OLN New York Stock
Filing Documents
- oln-20240513.htm (8-K) — 25KB
- 0000074303-24-000128.txt ( ) — 150KB
- oln-20240513.xsd (EX-101.SCH) — 2KB
- oln-20240513_lab.xml (EX-101.LAB) — 22KB
- oln-20240513_pre.xml (EX-101.PRE) — 13KB
- oln-20240513_htm.xml (XML) — 3KB
From the Filing
oln-20240513 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): May 13, 2024 OLIN CORPORATION (Exact name of registrant as specified in its charter) Virginia 1-1070 13-1872319 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 190 Carondelet Plaza, Suite 1530 Clayton, MO 63105 (Address of principal executive offices) (Zip Code) ( 314 ) 480-1400 (Registrant's telephone number, including area code) (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 (see General Instruction A.2. below): 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 Name of each exchange on which registered Common Stock, $1.00 par value per share OLN 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 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). 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 May 13, 2024, Olin Corporation ("Olin") and Mr. Patrick Schumacher, Vice President and President, Chlor Alkali Products and Vinyls, mutually agreed that Mr. Schumacher's employment with Olin will cease effective September 1, 2024. He will step down from his current position effective the earlier of the commencement of employment of his successor or August 31, 2024. If his successor is appointed before August 31, 2024, Mr. Schumacher will transition to a special advisory capacity through August 31, 2024 to assist with the transition. 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. OLIN CORPORATION By: /s/ Inchan Hwang Name: Inchan Hwang Title: Vice President, Deputy General Counsel and Corporate Secretary Date: May 17, 2024