{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-198308","form_type":"8-K","ticker":"WLK","cik":"0001262823","company_name":"WESTLAKE CORP","filed_at":"2024-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.419148+00:00","generated_at":"2026-05-31T09:58:23.627326+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Westlake Corp adjusts Albert Chao's compensation after CEO-to-chairman transition","bullets":["Albert Chao transitioned from President/CEO to Executive Chairman effective July 15, 2024.","New annual base salary set at $1,019,000.","Target bonus for 2024 set at 105% of base salary under Annual Incentive Plan.","Long-term incentive target expected to match James Chao's current 400% of base salary.","Compensation Committee approved these changes on August 8, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-198308","json":"https://secwatch.observer/filing/0001193125-24-198308.json","markdown":"https://secwatch.observer/filing/0001193125-24-198308.md","text":"https://secwatch.observer/filing/0001193125-24-198308.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262823/000119312524198308/0001193125-24-198308-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262823/000119312524198308/d750281d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:58:23.627326+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9f7f3d878b","claim":"Albert Chao changed role as Executive Chairman at WESTLAKE CORP.","evidence_excerpt":"On August 8, 2024, the Compensation Committee of the Board of Directors (the “Board”) of Westlake Corporation (the “Company”) approved the following changes to the compensation of Albert Chao in connection with Mr. Chao’s transition from President and Chief Executive Officer of the Company to Executive Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262823/000119312524198308/0001193125-24-198308-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}