secwatch.observer — SEC 8-K summary
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Issuer:     ALBEMARLE CORP (ALB)
CIK:        0000915913
Form:       8-K
Filed at:   2026-09-03T21:00:33+00:00
Accession:  0001140361-26-035623
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915913/000114036126035623/0001140361-26-035623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915913/000114036126035623/ef20081522_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-035623

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer