Trinseo PLC Reports Officer Changes & Compensation Arrangements

TL;DR

**Trinseo PLC just filed an 8-K about executive changes and compensation, but the specific details aren't in this snippet.**

AI Summary

Trinseo PLC filed an 8-K on February 27, 2024, reporting events that occurred on February 21, 2024. The filing addresses changes in the company's leadership, specifically the departure, election, or appointment of certain directors and officers. Additionally, the 8-K covers compensatory arrangements for certain officers, though specific names or dollar amounts are not detailed in this excerpt.

Why It Matters

Changes in executive leadership and compensation structures can signal strategic shifts or performance-related adjustments, potentially impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Without specific details on who departed, who was appointed, or the nature of the compensatory arrangements, the immediate risk or benefit cannot be determined from this filing alone.

Key Players & Entities

• Trinseo PLC (company) — registrant
• February 21, 2024 (date) — earliest event reported
• February 27, 2024 (date) — filing date
• 001-36473 (identifier) — SEC File Number

FAQ

Key Financial Figures

• $0.01 — registered Ordinary Shares, par value $0.01 per share TSE New York Stock Exchan
• $2 million — consist of a time-vested cash award of $2 million to Mr. Stasse and $1 million to Mr. Cha
• $1 million — h award of $2 million to Mr. Stasse and $1 million to Mr. Chaclas, which awards are payabl

Filing Documents

• tse-20240221x8k.htm (8-K) — 40KB
• tse-20240221xex10d1.htm (EX-10.1) — 84KB
• tse-20240221xex10d1001.jpg (GRAPHIC) — 4KB
• 0001558370-24-001862.txt ( ) — 255KB
• tse-20240221.xsd (EX-101.SCH) — 3KB
• tse-20240221_lab.xml (EX-101.LAB) — 16KB
• tse-20240221_pre.xml (EX-101.PRE) — 10KB
• tse-20240221x8k_htm.xml (XML) — 5KB

02

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 21, 2024, the Compensation Committee of the Board of Directors of Trinseo PLC (the "Company") approved the grant of special one-time cash retention awards to certain employees, including David Stasse, the Company's Chief Financial Officer, and Angelo Chaclas, the Company's Chief Legal Officer (the "Executives"). The special one-time cash retention awards consist of a time-vested cash award of $2 million to Mr. Stasse and $1 million to Mr. Chaclas, which awards are payable in two equal annual installments subject to each Executive's continued employment . T he retention awards are intended to serve as a strong incentive to retain certain key members of management during a period of extreme volatility in the chemicals industry. In the event the Executive is terminated without cause, due to death or disability, or following change in control, the retention awards will be paid in full or in part depending on the reason for termination. If the Executive's employment is terminated for any other reason the Executive will forfeit the right to receive any unpaid portion of the retention award but will not be obligated to repay any portion of the award previously paid. The preceding summary of the terms of the retention awards is qualified in its entirety by reference to the agreement governing the retention awards,. The above description of the agreement governing the retention awards does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the retention agreement, the form of will is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

01 Exhibits

ITEM 9.01 Exhibits . 10.1 Form of Retention Award Agreement 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) 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. TRINSEO PLC By: /s/ Angelo Chaclas Name: Angelo Chaclas Title: Senior Vice President and Chief Legal Officer Date: February 27, 2024

View Full Filing

View this 8-K filing on SEC EDGAR