Westlake Corp Appoints New Directors, Details Officer Compensation

TL;DR

Westlake added 2 board members, 1 stepped down. Officer pay details also filed.

AI Summary

Westlake Corporation announced on May 22, 2024, the appointment of two new directors, Albert Chao and James Chao, to its Board of Directors, effective immediately. Additionally, the company reported that Steven Crown has stepped down from the Board. The filing also details compensatory arrangements for certain officers.

Why It Matters

Changes in board composition can signal shifts in strategic direction or governance, while details on officer compensation provide insight into management incentives.

Risk Assessment

Risk Level: low — The filing primarily concerns board appointments and compensation, which are routine corporate governance matters.

Key Players & Entities

• Westlake Corporation (company) — Registrant
• Albert Chao (person) — Newly appointed Director
• James Chao (person) — Newly appointed Director
• Steven Crown (person) — Director who stepped down
• May 22, 2024 (date) — Effective date of appointments and departure

FAQ

Filing Documents

• d798140d8k.htm (8-K) — 25KB
• 0001193125-24-149225.txt ( ) — 179KB
• wlk-20240522.xsd (EX-101.SCH) — 4KB
• wlk-20240522_def.xml (EX-101.DEF) — 13KB
• wlk-20240522_lab.xml (EX-101.LAB) — 22KB
• wlk-20240522_pre.xml (EX-101.PRE) — 14KB
• d798140d8k_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 22, 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 May 22, 2024, Marius A. Haas informed Westlake Corporation (the "Company") of his decision to resign from the Board of Directors of the Company in order to focus on BayPine Capital, a private equity investment company of which he is a founding partner. Mr. Haas' resignation will be effective upon the appointment of his successor. Mr. Haas' decision to resign was not the result of any disagreement with the Company, the Company's management or the Company's Board of Directors. 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 29, 2024 By: /s/ L. Benjamin Ederington L. Benjamin Ederington Executive Vice President, Performance and Essential Materials, General Counsel and Chief Administrative Officer

View Full Filing

View this 8-K filing on SEC EDGAR