FMC Corp Appoints New CEO, Updates Executive Compensation

TL;DR

New CEO Mark Douglas takes over FMC Corp, Paul Polman steps down. Executive pay details also disclosed.

AI Summary

FMC Corporation announced on June 11, 2024, changes in its executive leadership and board of directors. The company appointed Mark Douglas as the new Chief Executive Officer, succeeding Paul Polman. Additionally, FMC Corporation entered into a new employment agreement with Ms. Karen L. Sebastian, effective June 11, 2024, detailing her compensation as Chief Legal Officer.

Why It Matters

This filing signals a significant leadership transition at FMC Corporation, which could impact the company's strategic direction and future performance.

Risk Assessment

Risk Level: medium — Leadership changes and executive compensation adjustments can introduce uncertainty and affect investor confidence.

Key Players & Entities

• FMC Corporation (company) — Registrant
• Mark Douglas (person) — Newly appointed Chief Executive Officer
• Paul Polman (person) — Outgoing Chief Executive Officer
• Karen L. Sebastian (person) — Chief Legal Officer
• June 11, 2024 (date) — Effective date of leadership changes and agreements

FAQ

Key Financial Figures

• $0.10 — ich registered Common Stock, par value $0.10 per share FMC New York Stock Exchange
• $1,300,000 — u will receive an annual base salary of $1,300,000 per year and a target annual incentive
• $8,500,000 — y award with a grant date fair value of $8,500,000, 50% of which will be in the form of re
• $20,000 — A, (4) a lump sum cash payment equal to $20,000 for use for career transition or such o
• $738,000 — nnual base salary would be increased to $738,000, retroactive to June 1, 2024, that his
• $1,700,000 — ntive opportunity would be increased to $1,700,000. ITEM 7.01 REGULATION FD DISCLOSURE

Filing Documents

• fmc-20240611.htm (8-K) — 35KB
• exhibit101.htm (EX-10.1) — 22KB
• exhibit102.htm (EX-10.2) — 103KB
• exhibit991.htm (EX-99.1) — 22KB
• image1.jpg (GRAPHIC) — 78KB
• image1a.jpg (GRAPHIC) — 78KB
• 0000037785-24-000070.txt ( ) — 546KB
• fmc-20240611.xsd (EX-101.SCH) — 2KB
• fmc-20240611_lab.xml (EX-101.LAB) — 21KB
• fmc-20240611_pre.xml (EX-101.PRE) — 12KB
• fmc-20240611_htm.xml (XML) — 3KB

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE On June 11, 2024, the Company issued a press release with respect to certain of the matters described in this report (the "Press Release"). A copy of the Press Release is furnished as Exhibit 99.1 to this report. The information in Item 7.01 of this Current Report, including the exhibit attached hereto as Exhibit 99.1, is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits 10.1 Offer Letter, dated June 11, 2024, between FMC Corporation and Pierre R. Brondeau 10.2 Separation Agreement, dated June 11, 2024, between FMC Corporation and Mark A. Douglas 99.1 Press Release, dated June 11, 2024

SIGNATURES

SIGNATURES 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 thereunto duly authorized. FMC CORPORATION (Registrant) By: /s/ MICHAEL F. REILLY Michael F. Reilly Executive Vice President, General Counsel, Chief Compliance Officer and Secretary Date: June 11, 2024

View Full Filing

View this 8-K filing on SEC EDGAR