secwatch.observer — SEC 8-K summary
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Issuer:     AVIENT CORP (AVNT)
CIK:        0001122976
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001193125-23-276084
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avient appoints Ashish Khandpur as CEO effective Dec 1, 2023; Patterson to advise through May 2024
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- Robert M. Patterson retires as CEO and Board member effective Dec 1, 2023; stays as Special Advisor through May 31, 2024.
- Dr. Ashish Khandpur, former 3M Group President, appointed President, CEO and Board member effective Dec 1, 2023.
- Richard H. Fearon appointed Non-Executive Chairman of the Board, also effective Dec 1, 2023.
- Khandpur receives $1.05M base salary, 120% target annual bonus, 440% LTI target; sign-on of $1.5M cash + $5M RSUs vesting over 4 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122976/000119312523276084/0001193125-23-276084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122976/000119312523276084/d578408d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-276084

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