secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001564590-22-005448
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000156459022005448/0001564590-22-005448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000156459022005448/scl-8k_20220215.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-005448

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