Stepan Company CEO Quinn Stepan retiring; Scott Behrens to become President and CEO on April 25, 2022

STEPAN CO

F. Quinn Stepan, Jr. retires as CEO effective April 25, 2022; remains Chairman.
Scott R. Behrens, currently President & COO, promoted to President & CEO same date.
Behrens receives $900k salary, 100% STI target, LTI grants of $600k PSUs and $900k SARs.
Retiring CEO Quinn Stepan gets accelerated vesting of 30,205 stock awards, 30,205 SARs, 22,722 PSUs.
Director Michael R. Boyce to retire from Board at 2022 Annual Meeting; not seeking re-election.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Scott R. Behrens

President and Chief Executive Officer

SCL · STEPAN CO

Effective: 2022-04-25
Filed: February 17, 2022, 6:59 PM ET

Scott R. Behrens, currently the President and Chief Operating Officer of the Company, will assume the role of President and Chief Executive Officer of the Company on April 25, 2022

Role change

F. Quinn Stepan, Jr.

Chief Executive Officer

SCL · STEPAN CO

Effective: 2022-04-25
Successor: Scott R. Behrens
Filed: February 17, 2022, 6:59 PM ET

F. Quinn Stepan, Jr. had notified the Company that he will retire as Chief Executive Officer of the Company on April 25, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott R. Behrens changed role as President and Chief Executive Officer at STEPAN CO.

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

Scott R. Behrens, currently the President and Chief Operating Officer of the Company, will assume the role of President and Chief Executive Officer of the Company on April 25, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

F. Quinn Stepan, Jr. retired as Chief Executive Officer at STEPAN CO.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

F. Quinn Stepan, Jr. had notified the Company that he will retire as Chief Executive Officer of the Company on April 25, 2022

View on SEC.gov

STEPAN CO filing history →

Source: SEC EDGAR

accession 0001564590-22-005448

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