Westlake Corp Announces Executive and Director Changes
Ticker: WLK · Form: 8-K · Filed: 2024-08-12T00:00:00.000Z
Sentiment: neutral
Topics: executive-changes, board-of-directors, employment-agreement
Related Tickers: WLK
TL;DR
Westlake Corp shakes up board, Albert Chao gets new exec role.
AI Summary
Westlake Corporation announced on August 8, 2024, changes in its executive and director roles. Specifically, Albert Chao resigned as Director, and James Chao was appointed as a new Director. Additionally, the company entered into a new employment agreement with Albert Chao for his role as Executive Vice President, Chief Administrative Officer, and Secretary, effective August 8, 2024.
Why It Matters
This filing indicates a shift in leadership and executive roles within Westlake Corporation, which could impact the company's strategic direction and operational management.
Risk Assessment
Risk Level: low — The filing primarily concerns routine executive and director changes and employment agreements, with no immediate financial or operational risks indicated.
Key Players & Entities
- Westlake Corporation (company) — Registrant
- Albert Chao (person) — Resigned Director, appointed Executive Vice President, Chief Administrative Officer, and Secretary
- James Chao (person) — Appointed Director
- August 8, 2024 (date) — Effective date of changes
FAQ
What was the effective date of the reported changes?
The earliest event reported was effective August 8, 2024.
Who resigned from the Board of Directors?
Albert Chao resigned as a Director.
Who was appointed as a new Director?
James Chao was appointed as a new Director.
What is Albert Chao's new executive role?
Albert Chao entered into a new employment agreement for his role as Executive Vice President, Chief Administrative Officer, and Secretary.
What is Westlake Corporation's state of incorporation?
Westlake Corporation is incorporated in Delaware.
From the Filing
0001193125-24-198308.txt : 20240812 0001193125-24-198308.hdr.sgml : 20240812 20240812060732 ACCESSION NUMBER: 0001193125-24-198308 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240808 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240812 DATE AS OF CHANGE: 20240812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTLAKE CORP CENTRAL INDEX KEY: 0001262823 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 760346924 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32260 FILM NUMBER: 241194631 BUSINESS ADDRESS: STREET 1: 2801 POST OAK BLVD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 713-960-9111 MAIL ADDRESS: STREET 1: 2801 POST OAK BLVD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: WESTLAKE CHEMICAL CORP DATE OF NAME CHANGE: 20030908 8-K 1 d750281d8k.htm 8-K 8-K WESTLAKE CORP false 0001262823 0001262823 2024-08-08 2024-08-08 0001262823 us-gaap:CommonStockMember 2024-08-08 2024-08-08 0001262823 us-gaap:SeniorNotesMember 2024-08-08 2024-08-08     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): August 8, 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. ☐       Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 8, 2024, the Compensation Committee of the Board of Directors (the “Board”) of Westlake Corporation (the “Company”) approved the following change