Stepan Co. Files 8-K on Director Changes and Compensation

Ticker: SCL · Form: 8-K · Filed: 2025-02-20T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

TL;DR

Stepan Co. 8-K: Board shuffle and exec pay details filed Feb 20, 2025.

AI Summary

On February 20, 2025, Stepan Company filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes information on the election of directors, appointment of officers, and compensatory arrangements for certain key personnel. It also covers financial statements and exhibits relevant to these corporate governance and compensation matters.

Why It Matters

This filing provides insight into the corporate governance and executive compensation structure of Stepan Company, which can influence investor confidence and strategic direction.

Risk Assessment

Risk Level: low — The filing pertains to routine corporate governance and executive compensation matters, not significant financial distress or operational changes.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors,' but the specific names and details of these changes are not provided in the excerpt.

What information is provided regarding executive compensation?

The filing mentions 'Compensatory Arrangements of Certain Officers,' suggesting details about executive pay are included, though the specifics are not in the provided text.

What is the primary purpose of this 8-K filing?

The primary purpose is to report significant corporate events, specifically changes in directors, election of directors, appointment of officers, and executive compensation arrangements.

When was this report filed?

This report was filed on February 20, 2025.

What is Stepan Company's principal executive office address?

Stepan Company's principal executive offices are located at 1101 Skokie Boulevard, Suite 500, Northbrook, Illinois, 60062.

From the Filing

0000950170-25-024210.txt : 20250220 0000950170-25-024210.hdr.sgml : 20250220 20250220163009 ACCESSION NUMBER: 0000950170-25-024210 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250220 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250220 DATE AS OF CHANGE: 20250220 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04462 FILM NUMBER: 25645900 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 8-K 1 scl-20250220.htm 8-K 8-K false 0000094049 0000094049 2025-02-20 2025-02-20   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): February 20, 2025     STEPAN COMPANY (Exact name of Registrant as Specified in Its Charter)     Delaware 1-4462 36-1823834 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           1101 Skokie Boulevard Suite 500   Northbrook , Illinois   60062 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 847 446-7500     (Former Name or Former Address, if Changed Since Last Report)   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, $1 par value   SCL   The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company 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 February 18, 2025, Edward J. Wehmer, a member of Board of Directors (the “Board”) of Stepan Company (the “Company”), notified the Board of his decision to retire from the Board, effective as of the 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), which is scheduled for April 29, 2025. Mr. Wehmer’s decision to

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