Westlake Corp Announces Executive Compensation Changes

Ticker: WLK · Form: 8-K · Filed: 2025-04-16T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, board-of-directors, employment-agreement

Related Tickers: WLK

TL;DR

Westlake Corp (WLK) updated exec pay and board structure effective April 15, 2025.

AI Summary

On April 11, 2025, Westlake Corporation announced changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, Albert Chao, effective April 15, 2025. The filing also details the election of new directors and the appointment of certain officers, alongside updates to compensatory arrangements for key personnel.

Why It Matters

Changes in executive compensation and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine executive compensation and board appointments, with no immediate financial distress or significant operational changes indicated.

Key Players & Entities

FAQ

What specific changes were made to Albert Chao's employment agreement?

The filing states that Westlake Corporation entered into a new employment agreement with Albert Chao, effective April 15, 2025, but the specific details of the agreement are not provided in this summary.

Who were the newly elected directors?

The filing indicates the election of new directors, but their names are not specified in the provided text.

What other compensatory arrangements were updated?

The filing mentions updates to compensatory arrangements of certain officers, but the specifics are not detailed in the provided text.

What is the effective date of the reported changes?

The earliest event reported is April 11, 2025, and the new employment agreement for the CEO is effective April 15, 2025.

What is Westlake Corporation's primary business?

Westlake Corporation is in the INDUSTRIAL ORGANIC CHEMICALS sector.

From the Filing

0001262823-25-000020.txt : 20250416 0001262823-25-000020.hdr.sgml : 20250416 20250415180012 ACCESSION NUMBER: 0001262823-25-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250411 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250416 DATE AS OF CHANGE: 20250415 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 EIN: 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: 25840800 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-20250411.htm 8-K wlk-20250411 false 0001262823 0001262823 2025-04-11 2025-04-11 0001262823 us-gaap:CommonStockMember 2025-04-11 2025-04-11 0001262823 wlk:OnePointSixTwoFivePercentageSeniorNotesDueTwentyTwentyNineMemberDomain 2025-04-11 2025-04-11 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): April 11, 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 April 11, 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. Robert F. Buesinger, Executive Vice President, Performance and Essential Materials Segment Head of the Company (formerly the Company’s Executive Vice President, Housing and Infrastructure Pr

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