Westlake Corp Appoints New CFO, Michael Grace

TL;DR

Westlake Corp names Michael Grace, ex-LyondellBasell CFO, as new CFO starting May 1st.

AI Summary

On April 25, 2024, Westlake Corporation announced the appointment of Michael J. Grace as Executive Vice President and Chief Financial Officer, effective May 1, 2024. He will succeed Albert Chao, who will transition to a senior advisory role. Grace previously served as Executive Vice President and Chief Financial Officer of LyondellBasell Industries.

Why It Matters

The appointment of a new CFO can signal strategic shifts or a focus on financial performance, impacting investor confidence and the company's financial direction.

Risk Assessment

Risk Level: low — This filing pertains to a routine executive appointment and transition, not a significant financial event or operational change.

Key Players & Entities

• Westlake Corporation (company) — Registrant
• Michael J. Grace (person) — Appointed Executive Vice President and Chief Financial Officer
• May 1, 2024 (date) — Effective date of new CFO appointment
• Albert Chao (person) — Outgoing Chief Financial Officer transitioning to senior advisor
• LyondellBasell Industries (company) — Previous employer of Michael J. Grace

FAQ

Filing Documents

• d812147d8k.htm (8-K) — 25KB
• 0001193125-24-114209.txt ( ) — 179KB
• wlk-20240425.xsd (EX-101.SCH) — 4KB
• wlk-20240425_def.xml (EX-101.DEF) — 13KB
• wlk-20240425_lab.xml (EX-101.LAB) — 22KB
• wlk-20240425_pre.xml (EX-101.PRE) — 14KB
• d812147d8k_htm.xml (XML) — 5KB

From the Filing

8-K 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): April 25, 2024 Westlake Corporation (Exact name of registrant as specified in its charter) Delaware 001-32260 76-0346924 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 2801 Post Oak Boulevard , Suite 600 Houston , Texas 77056 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (713) 960-9111 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 WLK The New York Stock Exchange 1.625% Senior Notes due 2029 WLK 29 The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in 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. Item5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 25, 2024, Westlake Corporation (the "Company") announced the transition of two of the Company's officers, Jeff Holy and Johnathan Zoeller, effective immediately. Mr. Holy transitioned to the position of Vice President, Chief Accounting Officer from his prior role as Vice President and Treasurer. Mr. Zoeller transitioned to the position of Vice President and Treasurer from his prior role as Vice President, Chief Accounting Officer. As a result, Mr. Holy will serve as the Company's principal accounting officer. From April 2017 to April 2024, Mr. Holy served as Vice President and Treasurer of the Company and Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP. Prior to joining the Company, from October 2014 to March 2017, Mr. Holy was Assistant Treasurer at FMC Technologies, Inc. and from October 2013 to September 2014 was Director of Corporate Finance. From September 2007 to September 2013, he held various financial positions at General Motors Company in their Treasurers' Office in New York and Germany. He began his career in public accounting with Ernst & Young LLP in 2001. Mr. Holy holds a Bachelor of Science Degree from Trinity University in Business Administration and Economics, a Master in Accounting Degree from the University of Virginia, and a Master in Finance Degree from London Business School. He is a Chartered Financial Analyst and Certified Public Accountant. There are no family relationships between Mr. Holy and any director or executive officer of the Company. Mr. Holy does not have any interest in any transactions requiring disclosure under Item 404(a) of Regulation S-K, and there are no arrangements or understandings between Mr. Holy and any other person pursuant to which he was appointed as an officer of the Company. 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. WESTLAKE CORPORATION Date: April 25, 2024 By: /s/ L. Benjamin Ederington L. Benjamin Ederington Executive Vice President, Performance and Essential Materials, General Counsel and Chief Administrative Officer

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View this 8-K filing on SEC EDGAR