secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001193125-24-178846
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake appoints Jean-Marc Gilson as President and CEO; Chao family moves to Chairman roles
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- Jean-Marc Gilson (former CEO of Mitsubishi Chemical Group) becomes President and CEO effective July 15, 2024.
- Albert Chao transitions to Executive Chairman; James Chao becomes Senior Chairman.
- Gilson receives $1.25M base salary, 120% target bonus, LTI 400% of base, and $3M sign-on RSUs vesting in 3 years.
- Leadership change is culmination of board's succession planning; first non-family CEO.
- Gilson also appointed President and CEO of Westlake Chemical Partners GP LLC (WLKP).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000119312524178846/0001193125-24-178846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000119312524178846/d849268d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-178846

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