---
schema_version: "secwatch.filing_event.v1"
accession: "0000074303-23-000179"
form_type: "8-K"
ticker: "OLN"
cik: "0000074303"
company_name: "OLIN Corp"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:19:42.275668+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Olin CEO Scott Sutton to step down by mid-2024; transition agreement details terms

## Summary
- Sutton remains employee through June 30, 2024; transitions to Special Advisor when new CEO starts (no earlier than Jan 31, 2024).
- Base salary continues at $1.25M annualized; eligible for $1.75M consulting bonus (2023 target STIP), paid in two installments.
- 2022-2024 PSUs and certain stock options vest subject to service and release; other unvested awards forfeited.
- Sutton provides general release of claims and agrees to non-compete, non-solicit, and confidentiality covenants.
- He forfeits severance under company's plan but retains CIC plan eligibility until Transition Date.

## SEC filing metadata
- accession: 0000074303-23-000179
- form_type: 8-K
- ticker: OLN
- cik: 0000074303
- company_name: OLIN Corp
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74303/000007430323000179/0000074303-23-000179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74303/000007430323000179/oln-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074303-23-000179
- JSON: https://secwatch.observer/filing/0000074303-23-000179.json
- Plain text: https://secwatch.observer/filing/0000074303-23-000179.txt

## Key facts
- Executive change
  Scott Sutton departed as President, Chief Executive Officer and Chairman of the Board at OLIN Corp.
  - Action: departure
  - Role: President, Chief Executive Officer and Chairman of the Board
  source text: In connection with the previously announced departure of Mr. Scott Sutton, President, Chief Executive Officer and Chairman of the Board of Olin Corporation (the “Company”), which is expected to occur in the first half of 2024, on October 30, 2023, the Company and Mr. Sutton entered into a transition agreement (the “Transition Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/74303/000007430323000179/0000074303-23-000179-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.