secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001193125-23-146155
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake shareholders approve exculpation, equity plan, and executive compensation; Ederington gets $2.5M RSU
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- Shareholders approved officer exculpation amendment (109.3M for, 14.7M against) and amended equity plan (123M for, 1.1M against).
- Advisory vote on exec compensation approved (123M for); company will hold vote every 3 years per 97.7M votes for 3 years.
- L. Benjamin Ederington appointed EVP, Performance and Essential Materials, GC, CAO; salary $700K, 80% bonus, 235% LTI; $2.5M RSU vesting in 5 years.
- M. Steven Bender awarded $1.5M RSU grant (3-year vest) under the amended incentive plan.
- Stockholder proposals on GHG emission targets and plastic pollution report not approved (14.4M and 11.8M for, respectively).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000119312523146155/0001193125-23-146155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000119312523146155/d505607d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-146155

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