Westlake Corp Stockholders Re-elect Directors, Ratify Auditors
Ticker: WLK · Form: 8-K · Filed: May 13, 2024 · CIK: 1262823
| Field | Detail |
|---|---|
| Company | Westlake Corp (WLK) |
| Form Type | 8-K |
| Filed Date | May 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, annual-meeting, auditor-ratification
TL;DR
Westlake Corp shareholders re-elected directors and kept the same auditors. Business as usual.
AI Summary
Westlake Corporation announced on May 9, 2024, that it held its Annual Meeting of Stockholders. During this meeting, stockholders voted on the election of two Class II directors, Albert Chao and Stephen Chazen, who were both re-elected. Additionally, stockholders ratified the appointment of PricewaterhouseCoopers LLP as Westlake's independent registered public accounting firm for the fiscal year ending December 31, 2024.
Why It Matters
The re-election of directors and ratification of auditors are routine corporate governance actions that signal stability and continued oversight for investors.
Risk Assessment
Risk Level: low — This filing pertains to routine annual meeting matters like director elections and auditor ratification, which typically carry low risk.
Key Players & Entities
- Westlake Corporation (company) — Registrant
- Albert Chao (person) — Class II Director
- Stephen Chazen (person) — Class II Director
- PricewaterhouseCoopers LLP (company) — Independent registered public accounting firm
- May 9, 2024 (date) — Date of Annual Meeting
- December 31, 2024 (date) — Fiscal year end for auditor ratification
FAQ
Who were the Class II directors up for re-election at Westlake Corporation's Annual Meeting?
Albert Chao and Stephen Chazen were the Class II directors up for re-election.
What was the outcome of the vote for the Class II directors?
Both Albert Chao and Stephen Chazen were re-elected as Class II directors.
What action was taken regarding Westlake Corporation's independent auditor?
The appointment of PricewaterhouseCoopers LLP as Westlake's independent registered public accounting firm was ratified.
For which fiscal year was PricewaterhouseCoopers LLP ratified as the auditor?
PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
When did Westlake Corporation hold its Annual Meeting of Stockholders?
Westlake Corporation held its Annual Meeting of Stockholders on May 9, 2024.
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-05-13 16:31:07
Filing Documents
- d825298d8k.htm (8-K) — 36KB
- 0001193125-24-137266.txt ( ) — 190KB
- wlk-20240509.xsd (EX-101.SCH) — 4KB
- wlk-20240509_def.xml (EX-101.DEF) — 13KB
- wlk-20240509_lab.xml (EX-101.LAB) — 22KB
- wlk-20240509_pre.xml (EX-101.PRE) — 14KB
- d825298d8k_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): May 9, 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. Item5.07. Submission of Matters to a Vote of Security Holders. Three matters were voted upon by the stockholders of Westlake Corporation (the "Company") at its annual meeting of stockholders held on May 9, 2024 (the "2024 Annual Meeting"): (1) four members of the Board of Directors of the Company were elected; (2) the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified; and (3) the Stockholder proposal regarding the preparation of a report on reducing plastic pollution of the oceans was not approved. The following tabulation sets forth the number of votes cast for, against or withheld and the number of abstentions and broker non-votes, as applicable. Election of Directors Votes For Votes Withheld Broker Non-Votes James Y. Chao 116,605,567 9,181,254 1,137,576 John T. Chao 116,302,772 9,484,049 1,137,576 Mark A. McCollum 122,596,584 3,190,237 1,137,576 R. Bruce Northcutt 116,539,722 9,247,099 1,137,576 Votes For Votes Against Abstentions Ratification of the appointment of PricewaterhouseCoopers LLP 124,979,425 1,882,017 62,955 Votes For Votes Against Abstentions Broker Non-Votes Stockholder proposal regarding the preparation of a report on reducing plastic pollution of the oceans 8,342,046 117,336,415 108,360 1,137,576 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: May 13, 2024 By: /s/ L. Benjamin Ederington L. Benjamin Ederington Executive Vice President, Performance and Essential Materials, General Counsel and Chief Administrative Officer