secwatch.observer — SEC 8-K summary
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Issuer:     AVIENT CORP (AVNT)
CIK:        0001122976
Form:       8-K
Filed at:   2026-10-09T11:10:32+00:00
Accession:  0001193125-26-418501
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Avient names Mike Frank CEO, replacing Ashish Khandpur; reaffirms Q3 and FY 2026 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1122976/000119312526418501/0001193125-26-418501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1122976/000119312526418501/d158162d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-418501

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