Stepan Company Files 8-K on Security Holder Vote

TL;DR

Stepan Co. shareholders are voting on something important.

AI Summary

On April 30, 2024, Stepan Company filed an 8-K report detailing the submission of matters to a vote of its security holders. The filing does not contain specific details about the nature of the vote or any financial transactions.

Why It Matters

This filing indicates a procedural event where shareholders will vote on company matters, which could potentially impact corporate governance or strategic decisions.

Risk Assessment

Risk Level: low — The filing is a procedural notification about a shareholder vote and does not disclose any immediate financial risks or significant operational changes.

Key Players & Entities

• Stepan Company (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• April 30, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1 — nge on which registered Common Stock, $1 par value SCL The New York Stock Ex

Filing Documents

• scl-20240430.htm (8-K) — 49KB
• 0000950170-24-052480.txt ( ) — 159KB
• scl-20240430.xsd (EX-101.SCH) — 24KB
• scl-20240430_htm.xml (XML) — 5KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. Stepan Company ("Stepan") held its Annual Meeting of Stockholders on April 30, 2024 (the "Annual Meeting"). At the Annual Meeting, there were 20,617,168 shares of Stepan's common stock represented to vote either in person or by proxy, which represented a quorum. Stockholders voted on the following matters at the Annual Meeting: (1) election of three nominees to serve as directors until the annual meeting of stockholders to be held in 2027; (2) an advisory vote to approve the compensation of Stepan's named executive officers; and (3) ratification of the appointment of Deloitte & Touche LLP as Stepan's independent registered public accounting firm for fiscal year 2024. Set forth below are the matters acted upon at the Annual Meeting and final voting results on each such matter as reported by Stepan's inspector of elections. Proposal 1: Election of Directors NAME FOR AGAINST ABSTAIN BROKER NON-VOTES Randall S. Dearth 18,398,169 478,064 39,194 1,701,740 Susan M. Lewis 18,821,247 87,784 6,396 1,701,740 Jan Stern Reed 18,712,267 198,904 4,256 1,701,740 Proposal 2: Advisory Vote to Approve the Compensation of Stepan's Named Executive Officers FOR AGAINST ABSTAIN BROKER NON-VOTES 18,249,728 611,688 54,011 1,701,740 Proposal 3: Ratification of the Appointment of Deloitte & Touche LLP as Stepan's Independent Registered Public Accounting Firm for 2024 FOR AGAINST ABSTAIN 20,198,767 401,478 16,923

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. STEPAN COMPANY Date: May 3, 2024 By: /s/ David G. Kabbes David G. Kabbes Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR