{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-418501","form_type":"8-K","ticker":"AVNT","cik":"0001122976","company_name":"AVIENT CORP","filed_at":"2026-10-09T11:10:32+00:00","discovered_at":"2026-10-09T11:15:00.377005+00:00","generated_at":"2026-10-12T15:19:25.515714+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Avient names Mike Frank CEO, replacing Ashish Khandpur; reaffirms Q3 and FY 2026 guidance","bullets":["Mike Frank, ex-CEO of UPL and former Nutrien Ag Solutions CEO, named President and CEO effective Oct 7, 2026; succeeds Dr. Ashish Khandpur, who stays as advisor through Dec 31, 2026.","Richard H. Fearon, Lead Independent Director, elected Non-Executive Chairman of the Board.","Frank's pay: $1,222,000 base salary, 120% target bonus, 2027 LTI target 510% of salary, $1.6M sign-on cash, ~$5M RSUs and ~$11.4M target cash performance units.","Khandpur gets two years of salary continuation under the Executive Severance Plan plus special vesting of 38,047 RSUs on Dec 1, 2026 and 38,046 RSUs on Dec 1, 2027.","Q3 and FY 2026 guidance reaffirmed as previously provided Aug 6, 2026; Q3 2026 results due before market open Nov 4, 2026, with webcast at 8:00 a.m. ET."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-418501","json":"https://secwatch.observer/filing/0001193125-26-418501.json","markdown":"https://secwatch.observer/filing/0001193125-26-418501.md","text":"https://secwatch.observer/filing/0001193125-26-418501.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1122976/000119312526418501/0001193125-26-418501-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1122976/000119312526418501/d158162d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:19:25.515714+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":"e6b1790c19","claim":"Michael J. Frank was elected as member of the Board at AVIENT CORP.","evidence_excerpt":"elected Michael J. Frank as President and Chief Executive Officer, and as a member of the Board, effective October 7, 2026","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000119312526418501/0001193125-26-418501-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"member of the Board"}],"fact_type":"executive_change"},{"claim_id":"e844aae548","claim":"Dr. Ashish K. Khandpur departed as Chief Executive Officer at AVIENT CORP.","evidence_excerpt":"Mr. Frank succeeds Dr. Ashish K. Khandpur, who will continue to provide advisory consulting support through 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000119312526418501/0001193125-26-418501-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ecaebcbdb1","claim":"Michael J. Frank was elected as President and Chief Executive Officer at AVIENT CORP.","evidence_excerpt":"On October 7, 2026, the Board of Directors (the “Board”) of the Company elected Michael J. Frank as President and Chief Executive Officer, and as a member of the Board, effective October 7, 2026 (the “Effective Date).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1122976/000119312526418501/0001193125-26-418501-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}