Stepan Co. Names New CFO, Scott Behrends Transitions

TL;DR

Stepan Co. appoints new CFO Jonathan Wood, Behrends moves to Strategic Planning.

AI Summary

Stepan Company announced on October 29, 2024, the appointment of Mr. Jonathan L. Wood as Senior Vice President and Chief Financial Officer, effective November 4, 2024. Mr. Wood will succeed Mr. Scott R. Behrends, who will transition to the role of Senior Vice President, Strategic Planning. Mr. Wood's prior experience includes serving as Executive Vice President and Chief Financial Officer at Univar Solutions Inc.

Why It Matters

This executive leadership change at the CFO level could signal shifts in financial strategy or operational focus for Stepan Company.

Risk Assessment

Risk Level: low — This filing reports routine executive appointments and transitions, which typically carry low inherent risk.

Key Players & Entities

• Stepan Company (company) — Registrant
• Jonathan L. Wood (person) — Appointed Senior Vice President and Chief Financial Officer
• November 4, 2024 (date) — Effective date of Mr. Wood's appointment
• Scott R. Behrends (person) — Outgoing Chief Financial Officer, transitioning to Senior Vice President, Strategic Planning
• Univar Solutions Inc. (company) — Mr. Wood's previous employer

FAQ

Key Financial Figures

• $1 — nge on which registered Common Stock, $1 par value SCL The New York Stock Ex
• $940,000 — . Rojo will receive an annual salary of $940,000, effective immediately. Mr. Rojo will c
• $500,000 — shares with a grant date fair value of $500,000 (at target award level), which performa
• $100.00 — ing days a daily closing share price of $100.00 per share or higher, subject to the ter
• $150.00 — ing days a daily closing share price of $150.00 per share or higher, subject to the ter
• $1,000,000 — "RSUs") with a grant date fair value of $1,000,000, granted at the average of the high and
• $300,000 — ichsen will receive an annual salary of $300,000, effective immediately. Mr. Hinrichsen
• $100,000 — am, with a target annual grant value of $100,000. Mr. Hinrichsen will be entitled to cer
• $600,000 — n of the Company, with a total value of $600,000, of which 50% will be paid in cash and

Filing Documents

• scl-20241029.htm (8-K) — 53KB
• scl-ex99_1.htm (EX-99.1) — 16KB
• 0000950170-24-118577.txt ( ) — 187KB
• scl-20241029.xsd (EX-101.SCH) — 24KB
• scl-20241029_htm.xml (XML) — 5KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 30, 2024, the Company issued a press release announcing the officer appointments and departure detailed in Item 5.02 hereto. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Description 99.1 Press Release of Stepan Company dated October 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: October 30, 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