secwatch.observer — SEC 8-K summary
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Issuer:     Ingevity Corp (NGVT)
CIK:        0001653477
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001140361-25-007884
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingevity appoints David H. Li as CEO; $1.1M base salary, $5M one-time equity award
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- David H. Li appointed President and CEO effective April 7, 2025, succeeding interim CEO Luis Fernandez-Moreno who remains on board.
- Mr. Li has over 25 years specialty materials experience, most recently CEO of CMC Materials sold to Entegris in 2022.
- Compensation: base salary $1.1M, annual cash target 120% of base, LTIP target 500% of base.
- One-time equity award of $5M: $2M PSUs (three-year performance), $1M RSUs (four-year vest), $2M options.
- Mr. Li expected to join board after 2025 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653477/000114036125007884/0001140361-25-007884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653477/000114036125007884/ef20045156_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-007884

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