Albemarle names Neal Sheorey as new CFO; Scott Tozier to become strategic advisor

ALBEMARLE CORP

Neal Sheorey, former Dow executive, to become EVP and CFO effective Nov 6, 2023.
Outgoing CFO Scott Tozier transitions to advisory role through Feb 2025; compensation drops to $10k/month after Dec 31.
Sheorey receives $600k base salary, $300k sign-on bonus, $700k RSU grant, and $1.5M 2024 long-term incentive.
Bylaws amended to implement universal proxy rules and other technical revisions.
Sheorey led Dow's Coatings & Performance Monomers unit with over $4 billion in sales.

item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Scott Tozier

Executive Vice President and Chief Financial Officer

ALB · ALBEMARLE CORP

Effective: 2023-11-06
Successor: Neal Sheorey
Filed: October 26, 2023, 7:59 PM ET

Scott Tozier, Executive Vice President and Chief Financial Officer, determined that Mr. Tozier will transition from his current role to serving in an advisory capacity as an employee of the Company, effective November 6, 2023

Appointed

Neal Sheorey

Executive Vice President and Chief Financial Officer

ALB · ALBEMARLE CORP

Effective: 2023-11-06
Filed: October 26, 2023, 7:59 PM ET

Mr. Tozier will be succeeded by Neal Sheorey, age 47, as Executive Vice President and Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Scott Tozier changed role as Executive Vice President and Chief Financial Officer at ALBEMARLE CORP.

Action: transitioned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Scott Tozier, Executive Vice President and Chief Financial Officer, determined that Mr. Tozier will transition from his current role to serving in an advisory capacity as an employee of the Company, effective November 6, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Neal Sheorey was appointed as Executive Vice President and Chief Financial Officer at ALBEMARLE CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Tozier will be succeeded by Neal Sheorey, age 47, as Executive Vice President and Chief Financial Officer.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ALBEMARLE CORP: Amended and restated Bylaws to clarify procedural and disclosure requirements for shareholder director nominations under universal proxy rules and other technical revisions (effective 2023-10-23).

Change: bylaw amendment
Effective: 2023-10-23

Exact text from the filing

On October 23, 2023, the Board amended and restated the Company’s Amended and Restated Bylaws (as amended, the “Bylaws”) to clarify and implement certain procedural and disclosure requirements for shareholders nominating individuals for election or reelection as directors at the Company’s annual or special meetings of shareholders in connection with the “universal proxy” rules adopted by the Securities and Exchange Commission pursuant to Rule 14a-19 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

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42 governance changes filed in the last 30 days. Browse all governance changes →

ALBEMARLE CORP filing history →

Source: SEC EDGAR

accession 0000915913-23-000174

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