secwatch.observer — SEC 8-K summary
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Issuer:     Celanese Corp (CE)
CIK:        0001306830
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001104659-24-126774
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celanese appoints Scott Richardson CEO, Edward Galante Chair as of Jan 1, 2025
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- Scott Richardson named CEO and President, succeeding Lori Ryerkerk who steps down from Board and roles.
- Edward Galante, independent director since 2013, elected Chair of the Board.
- Richardson's base salary set at $1.15M; target bonus 125% of salary; FY2025 equity grant target $7.5M.
- Richardson served as COO since Nov 2023 and previously as CFO; also joins the Board.
- Ryerkerk to receive severance under Executive Severance Benefits Plan; time-based equity to vest fully.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1306830/000110465924126774/0001104659-24-126774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1306830/000110465924126774/tm2430529d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126774

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