---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000174"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:27:43.003287+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000915913-23-000174
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000174/0000915913-23-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000174/alb-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000174
- JSON: https://secwatch.observer/filing/0000915913-23-000174.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000174.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/915913/000091591323000174/0000915913-23-000174-index.htm
- Executive change
  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
  source text: Mr. Tozier will be succeeded by Neal Sheorey, age 47, as Executive Vice President and Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915913/000091591323000174/0000915913-23-000174-index.htm
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/915913/000091591323000174/0000915913-23-000174-index.htm

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