---
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"
generated_at: "2026-05-31T09:58:23.627326+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Westlake Corp adjusts Albert Chao's compensation after CEO-to-chairman transition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-198308
- JSON: https://secwatch.observer/filing/0001193125-24-198308.json
- Plain text: https://secwatch.observer/filing/0001193125-24-198308.txt

## Key facts
- Executive change
  Albert Chao changed role as Executive Chairman at WESTLAKE CORP.
  - Action: transitioned
  - Role: Executive Chairman
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1262823/000119312524198308/0001193125-24-198308-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.