Stepan Co. Files Definitive Proxy Statement (DEF 14A)
Ticker: SCL · Form: DEF 14A · Filed: 2024-03-26T00:00:00.000Z
Sentiment: neutral
Topics: DEF 14A, Proxy Statement, Executive Compensation, Stepan Co., Corporate Governance
TL;DR
<b>Stepan Co. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and corporate governance for the fiscal year ending December 31, 2023.</b>
AI Summary
STEPAN CO (SCL) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. Stepan Co. filed a Definitive Proxy Statement (DEF 14A) on March 26, 2024. The filing covers the fiscal year ending December 31, 2023. It includes details on executive compensation for individuals like Scott R. Behrens and F. Quinn Stepan. The document references equity award adjustments and pension benefit adjustments for the covered year. The company's principal executive offices are located at Edens & Winnetka Road, Northfield, IL.
Why It Matters
For investors and stakeholders tracking STEPAN CO, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions on related proposals. It provides transparency into how the company's leadership is compensated, including equity awards and pension benefits, which can impact investor sentiment and corporate strategy.
Risk Assessment
Risk Level: low — STEPAN CO shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial information or significant operational changes.
Analyst Insight
Review the executive compensation details and any shareholder proposals within the DEF 14A to assess alignment with company performance and shareholder interests.
Executive Compensation
| Name | Title | Total Compensation |
|---|---|---|
| Scott R. Behrens | Member | |
| F. Quinn Stepan | Member |
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting Period)
- 2024-03-26 — Filing Date (Date of Report)
- 2023-01-01 — Fiscal Year Start (Reporting Period)
- 1984-01-08 — Date of Name Change (Former Company Name)
Key Players & Entities
- STEPAN CO (company) — Filer
- DEF 14A (filing) — Form Type
- 2024-03-26T00:00:00.000Z (date) — Filing Date
- Scott R. Behrens (person) — Executive Compensation Mention
- F. Quinn Stepan (person) — Executive Compensation Mention
- Northfield, IL (location) — Business Address
- SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] (industry) — Standard Industrial Classification
- 0000094049 (company) — Central Index Key
FAQ
When did STEPAN CO file this DEF 14A?
STEPAN CO filed this Proxy Statement (DEF 14A) with the SEC on March 26, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by STEPAN CO (SCL).
Where can I read the original DEF 14A filing from STEPAN CO?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by STEPAN CO.
What are the key takeaways from STEPAN CO's DEF 14A?
STEPAN CO filed this DEF 14A on March 26, 2024. Key takeaways: Stepan Co. filed a Definitive Proxy Statement (DEF 14A) on March 26, 2024.. The filing covers the fiscal year ending December 31, 2023.. It includes details on executive compensation for individuals like Scott R. Behrens and F. Quinn Stepan..
Is STEPAN CO a risky investment based on this filing?
Based on this DEF 14A, STEPAN CO presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial information or significant operational changes.
What should investors do after reading STEPAN CO's DEF 14A?
Review the executive compensation details and any shareholder proposals within the DEF 14A to assess alignment with company performance and shareholder interests. The overall sentiment from this filing is neutral.
Key Dates
- 2024-03-26: Filing of DEF 14A — Provides details on executive compensation and corporate governance for the fiscal year 2023.
- 2023-12-31: Fiscal Year End — The period covered by the compensation and governance information in the filing.
From the Filing
0001193125-24-076968.txt : 20240326 0001193125-24-076968.hdr.sgml : 20240326 20240326061250 ACCESSION NUMBER: 0001193125-24-076968 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 33 CONFORMED PERIOD OF REPORT: 20240430 FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEPAN CO CENTRAL INDEX KEY: 0000094049 STANDARD INDUSTRIAL CLASSIFICATION: SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 361823834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-04462 FILM NUMBER: 24780844 BUSINESS ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 BUSINESS PHONE: 8474467500 MAIL ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 FORMER COMPANY: FORMER CONFORMED NAME: STEPAN CHEMICAL CO /DE/ DATE OF NAME CHANGE: 19840108 DEF 14A 1 d895373ddef14a.htm DEF 14A DEF 14A DEF 14A false 0000094049 0000094049 2023-01-01 2023-12-31 0000094049 2022-01-01 2022-12-31 0000094049 2021-01-01 2021-12-31 0000094049 2020-01-01 2020-12-31 0000094049 scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:ValueOfEquityAwardsDisclosedInTheSummaryCompensationMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000094049 scl:TotalEquityAwardAdjustmentsMember ecd:PeoMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:ValueOfAwardsGrantedInPriorYearsThatFailToMeetApplicableVestingConditionsDuringTheCoveredYearMember ecd:PeoMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:ValueOfAwardsGrantedInPriorYearsVestingDuringTheCoveredYearMember ecd:PeoMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:FairValueOfAwardsGrantedAndVestingInTheCoveredYearMember ecd:PeoMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:ChangeInFairValueFfOutstandingAndUnvestedEquityAwardsAsOfCoveredYearendMember ecd:PeoMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:TotalEquityAwardAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000094049 scl:ValueOfAwardsGrantedInPriorYearsThatFailToMeetApplicableVestingConditionsDuringTheCoveredYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000094049 scl:ValueOfAwardsGrantedInPriorYearsVestingDuringTheCoveredYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000094049 scl:FairValueOfAwardsGrantedAndVestingInTheCoveredYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000094049 scl:ChangeInFairValueFfOutstandingAndUnvestedEquityAwardsAsOfCoveredYearendMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000094049 scl:YearEndValueOfEquityAwardsGrantedDuringTheCoveredYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000094049 scl:YearEndValueOfEquityAwardsGrantedDuringTheCoveredYearMember ecd:PeoMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:ValueOfEquityAwardsDisclosedInTheSummaryCompensationMember ecd:PeoMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:TotalPensionBenefitAdjustmentsMember 2023-01-01 2023-12-31 0000094049 scl:TotalPensionBenefitAdjustmentsMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:ServiceCostAndPriorServiceCostOfPensionBenefitsMember 2023-01-01 2023-12-31 0000094049 scl:ServiceCostAndPriorServiceCostOfPensionBenefitsMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 scl:ChangeInActuarialPresentValueOfPensionBenefitsMember 2023-01-01 2023-12-31 0000094049 scl:ChangeInActuarialPresentValueOfPensionBenefitsMember scl:ScottR.BehrensMember 2023-01-01 2023-12-31 0000094049 4 2023-01-01 2023-12-31 0000094049 3 2023-01-01 2023-12-31 0000094049 2 2023-01-01 2023-12-31 0000094049 1 2023-01-01 2023-12-31 0000094049 scl:F.QuinnStepanMember 2022-01-01 2022-12-31 0000094049 scl:ScottR.BehrensMember 2022-01-01 2022-12-31 0000094049 scl:F.QuinnStepanMember 2021-01-01 2021-12-31 000009404