secwatch.observer — SEC 8-K summary
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Issuer:     OLIN Corp (OLN)
CIK:        0000074303
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000074303-23-000179
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000179/0000074303-23-000179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74303/000007430323000179/oln-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000074303-23-000179

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer