secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2025-11-28T23:59:59+00:00
Accession:  0001193125-25-302557
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan adopts Key Executive Severance Benefit Plan for CEO and NEOs
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- Plan effective Nov 26, 2025; covers named executive officers with automatic participation.
- Tier 1 (CEO Rojo): cash severance of 18 months (non-CIC) or 36 months (CIC) of base salary plus target bonus.
- Tier 2 (other NEOs): cash severance of 12 months (non-CIC) or 24 months (CIC) of base salary plus target bonus.
- Health insurance premium subsidy for up to the severance period; lump-sum cash severance paid 60 days post-separation.
- Plan replaces prior individual severance agreements for participants; requires signed release and restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000119312525302557/0001193125-25-302557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000119312525302557/d75232d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-302557

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