Westlake Corp Appoints Two New Directors

TL;DR

Westlake Corp adds Albert Chao & James Chao to its board, effective Feb 28, 2025.

AI Summary

On February 28, 2025, Westlake Corporation announced the appointment of two new directors, Albert Chao and James Chao, to its Board of Directors, effective immediately. This change coincides with the company's fiscal year end and follows a period of strategic adjustments. The filing also details compensatory arrangements for certain officers.

Why It Matters

The addition of new directors can signal strategic shifts or governance changes within the company, potentially impacting future decision-making and shareholder value.

Risk Assessment

Risk Level: low — The filing primarily concerns board appointments and compensatory arrangements, 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
• February 28, 2025 (date) — Effective date of director appointments

FAQ

From the Filing

0001262823-25-000015.txt : 20250304 0001262823-25-000015.hdr.sgml : 20250304 20250304170016 ACCESSION NUMBER: 0001262823-25-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250228 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250304 DATE AS OF CHANGE: 20250304 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: 25705891 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 wlk-20250228.htm 8-K wlk-20250228 false 0001262823 0001262823 2025-02-28 2025-02-28 0001262823 us-gaap:CommonStockMember 2025-02-28 2025-02-28 0001262823 wlk:OnePointSixTwoFivePercentageSeniorNotesDueTwentyTwentyNineMemberDomain 2025-02-28 2025-02-28 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 28, 2025 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 WLK29 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 February 28, 2025, the Compensation Committee of the Board of Directors of Westlake Corporation (the “Company”) approved a special award of restricted stock units (“RSUs”) to Mr. Jean-Marc Gilson, President and Chief Executive Officer of the Company, under the Company’s amended and restated 2013 Omnibus Incentive Plan with a total aggregate grant date fai