Albemarle amends CEO Kent Masters' employment agreement, extends term to 2025, raises base salary to $1.4M

ALBEMARLE CORP

Base salary increased to $1,400,000 annually, effective April 1, 2023.
Annual bonus target set at 150% of base salary; maximum 200% of target.
Employment extended through December 31, 2025, or until successor CEO appointed.
Non-competition and non-solicitation covenants for three years post-employment.
Change-in-control severance provides 3x base plus target bonus, accelerated vesting.

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