secwatch.observer — SEC 8-K summary
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Issuer:     Chemours Co (CC)
CIK:        0001627223
Form:       8-K
Filed at:   2022-08-22T23:59:59+00:00
Accession:  0001564590-22-029883
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chemours GC Shelton retiring; Wellman promoted to SVPP, GC & Corp Sec
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- David Shelton retiring end of 2023; from Oct 1, 2022 becomes Senior Counsel to CEO on legacy liability matters.
- Kristine Wellman promoted to Senior Vice President, General Counsel and Corporate Secretary effective Oct 1, 2022.
- Shelton receives $250K retention pay, $350K 2023 STI target, $400K non-compete payments, and ~$22K/month consulting from Jan 2024 through June 2025.
- Shelton's role shift to focus on resolving legacy liabilities including DuPont-related MOU and remediation programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627223/000156459022029883/0001564590-22-029883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627223/000156459022029883/cc-8k_20220819.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-029883

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