Westlake Corp Reports Exit/Disposal Costs

TL;DR

Westlake's dumping assets, watch for restructuring costs.

AI Summary

On June 17, 2025, Westlake Corporation filed an 8-K report detailing costs associated with exit or disposal activities. The filing does not specify the exact nature or amount of these costs, but it indicates a formal reporting of such activities.

Why It Matters

This filing signals that Westlake Corporation is undergoing restructuring or divesting certain assets, which could impact future financial performance and operational focus.

Risk Assessment

Risk Level: medium — Disposal activities can indicate underlying business challenges or strategic shifts that may carry financial risks.

Key Players & Entities

• Westlake Corporation (company) — Registrant
• June 17, 2025 (date) — Date of Report

FAQ

From the Filing

0001262823-25-000043.txt : 20250617 0001262823-25-000043.hdr.sgml : 20250617 20250617060119 ACCESSION NUMBER: 0001262823-25-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250617 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20250617 DATE AS OF CHANGE: 20250617 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: 251051753 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-20250617.htm 8-K wlk-20250617 false 0001262823 0001262823 2025-06-17 2025-06-17 0001262823 us-gaap:CommonStockMember 2025-06-17 2025-06-17 0001262823 wlk:OnePointSixTwoFivePercentageSeniorNotesDueTwentyTwentyNineMemberDomain 2025-06-17 2025-06-17 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): June 17, 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, $0.01 par value 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 2.05. Costs Associated with Exit or Disposal Activities As previously disclosed, in July 2024, Westlake Corporation (the "Company") approved a plan to mothball the allyl chloride ("AC") and epichlorohydrin ("ECH") units at the Company's site in Pernis, the Netherlands. The Company has continued to operate the liquid epoxy resin ("LER") and bisphenol A ("BPA") units at the Pernis facility. In light of the continued deterioration of the Company's business in Europe, on June 13, 2025, the Company initiated consultations with local works councils regarding the anticipated cessation of operations of the entire Pernis facility (inc