secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001193125-24-198308
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000119312524198308/0001193125-24-198308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000119312524198308/d750281d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-198308

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