---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000088"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:24:36.972982+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000915913-23-000088
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000088/0000915913-23-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000088/alb-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000088
- JSON: https://secwatch.observer/filing/0000915913-23-000088.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000088.txt

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