---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-035623"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2026-09-03T21:00:33+00:00"
generated_at: "2026-09-03T21:02:15.484109+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Albemarle names BHP's Ragnar Udd as CEO effective Feb 1, 2027; Masters becomes Executive Chairman

## Summary
- Udd, currently BHP Chief Commercial Officer, appointed President and CEO effective Feb 1, 2027; also joins Board.
- Kent Masters transitions to Executive Chairman, serving through 2027 annual meeting; Gerald Steiner remains Lead Independent Director.
- Udd receives $1.3M base salary, 135% target bonus, $1.4M cash sign-on, $11M make-whole equity, and $7.5M 2027 LTI.
- Severance multiples: 2.0x for non-change-in-control, 3.0x for change-in-control; two-year non-compete applies.
- Masters' compensation unchanged until transition; prorated AIP bonus for 2027 only through March 31.

## SEC filing metadata
- accession: 0001140361-26-035623
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2026-09-03T21:00:33+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000114036126035623/0001140361-26-035623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000114036126035623/ef20081522_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-035623
- JSON: https://secwatch.observer/filing/0001140361-26-035623.json
- Plain text: https://secwatch.observer/filing/0001140361-26-035623.txt

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