Highest-materiality recent filing
Stepan stockholders elect all three director nominees; approve say-on-pay and auditor ratification
Directors Delgado, Painter, and Stepan each elected with over 17.7M votes for.
Stepan Q1 net loss $41.4M on $65.4M restructuring charge; adj. EBITDA down 14%
Net loss of $1.81/diluted share vs $0.86 income in prior year; adj. EPS $0.45 down 46%.
Stepan Q4 adj. net loss; launches Project Catalyst for $100M savings
Q4 2025 adj. net loss $0.5M vs prior year adj. income $2.8M; adj. EPS ($0.02).
Stepan announces Project Catalyst restructuring targeting $100M pre-tax savings
Project Catalyst targets approximately $100M in pre-tax savings over two years.
Stepan adopts Key Executive Severance Benefit Plan for CEO and NEOs
Plan effective Nov 26, 2025; covers named executive officers with automatic participation.
Stepan Q3 net income falls 54% to $10.8M; adjusted EBITDA up 6%, dividend raised
Q3 net income $10.8M (-54% YoY); adjusted EPS $0.48 vs $1.03; revenue $590.3M (+8% on higher prices/mix).
Stepan VP and Interim CFO Samuel Hinrichsen resigns effective Oct 31, 2025
Samuel S. Hinrichsen notified Stepan on Oct 10, 2025 of resignation effective Oct 31, 2025.
Stepan Q2 2025 net income $11.3M (+19%), adj EPS $0.52, revenue +7%
Net income $11.3M ($0.50 diluted EPS); adjusted net income $12.0M ($0.52 adj EPS), up 27% YoY.
Stepan appoints Ruben Velasquez as CFO effective July 15, 2025
Ruben Velasquez appointed VP and CFO, effective July 15, 2025, succeeding interim CFO Samuel Hinrichsen.
Stepan Company appoints Corning Painter (CEO of Orion S.A.) to Board of Directors
Board expanded to 8 directors; Corning Painter appointed effective June 9, 2025.
Stepan issues $75M in senior notes at 6.17% due 2033
Issued $37.5M Series 2025-A and $37.5M Series 2025-B senior notes, each at 6.17% fixed rate.
Stockholders approve amended 2022 equity plan, adding 500K authorized shares
Proposal 4 approved: amendment of 2022 Equity Incentive Plan; adds 500K shares for total 1M authorized.
Stepan Q1 net income up 42% to $19.7M; adjusted EPS $0.84, volume up 4%
Net income $19.7M (diluted EPS $0.86), up 42% YoY; adjusted net income $19.3M ($0.84), up 32%.
Stepan discloses consulting agreement with retired GC Kabbes for $20K/month through Dec 2025
David G. Kabbes retired as VP, General Counsel effective March 14, 2025; now consulting via DJK, LLC.
Edward J. Wehmer to retire from Stepan Company Board effective April 29, 2025, after 22 years of service.
Stepan Q4 adj. EPS $0.12, down 64%; full-year adj. EBITDA up 4%, Polymers weak
Q4 reported net income $3.4M vs prior-year loss of $1.2M; adjusted net income $2.8M (-63%).
Stepan General Counsel David Kabbes to retire March 14, 2025
David G. Kabbes, VP, General Counsel and Secretary, will retire effective March 14, 2025.
Stepan delays alkoxylation facility startup in Pasadena, Texas to Q1 2025
Due to unforeseen delays, facility startup now expected in Q1 2025.
Stepan CEO Scott Behrens separation: $2.82M severance, equity acceleration, 18-month non-compete
Cash severance of $2,820,000 paid in equal installments over 18 months.
Stepan promotes CFO Luis Rojo to President and CEO; Scott Behrens departs
Luis Rojo appointed President and CEO effective immediately, succeeding Scott Behrens after 31 years.
Stepan Q3 net income $23.6M (+88% YoY), increases dividend for 57th straight year
Net income $23.6M ($1.03 diluted EPS) vs $12.6M ($0.55) prior year; adjusted net income $23.7M (+61%).
Prudential NPA facility increased to $225M; issuance period extended to Aug 27, 2027.
Stepan Q2 net income falls 25% to $9.5M; criminal fraud charge and Millsdale flood weigh
Net income $9.5M ($0.42 diluted EPS), down 25% YoY; adjusted net income $9.4M down 22%.
Stepan Company announces annual meeting results; all director nominees elected
Three director nominees elected: Randall S. Dearth (18.4M for), Susan M. Lewis (18.8M for), Jan Stern Reed (18.7M for).
Net income $13.9M ($0.61 EPS); adjusted net income $14.7M ($0.64 EPS), down 11% YoY.
Stepan posts Q4 net loss $1.2M; adjusted EPS $0.33 vs $0.59; revenue down 15%
Net loss $1.2M (-$0.05 diluted) vs net income $10.8M ($0.47) in Q4 2022; adjusted net income $7.5M ($0.33) vs $13.5M ($0.59).
Stepan Company appoints Susan M. Lewis to Board of Directors
Board expanded from 7 to 8 directors; Lewis elected to Class II, term at 2024 annual meeting.
Stepan Q3 net income falls 68% to $0.55 EPS; dividend raised to $0.375
Q3 reported net income $12.6M ($0.55 EPS) vs $39.4M ($1.71 EPS) YoY; adjusted net income $14.7M ($0.64 EPS) vs $46.3M ($2.01 EPS).
Stepan amends debt covenants, adds net leverage ratio step-down to 3.50x by Q1 2025
Amended five note purchase agreements and credit agreement; new max net leverage ratio: 4.00x through June 2024, stepping down to 3.50x by March 2025.
Stepan Q2 net income falls 76% to $0.55 EPS; sales volume down 19% YoY
Net income of $12.7M ($0.55 diluted) vs. $52.1M ($2.26) a year ago; adjusted EPS $0.53.
Stepan amends EVP Mergner's retirement date to July 3, 2023
Original 8-K filed April 14, 2023 set Arthur W. Mergner's retirement for June 30, 2023.
Joaquin Delgado and F. Quinn Stepan, Jr. elected as directors with 17.4M and 16.7M FOR votes respectively.
Stepan Q1 net income falls 64% to $16.1M ($0.70 EPS); sales volume down 14%
Reported EPS $0.70 vs $1.93 prior year; adjusted EPS $0.71 vs $1.76.
Stepan EVP Supply Chain Mergner to retire June 30; Haire named successor May 1
Arthur W. Mergner, EVP Supply Chain, retiring after 34 years, effective June 30, 2023.
Stepan Q4 EPS $0.47 miss; record FY22 EPS $6.38; cautious 2023 outlook
Q4 net income $10.8M ($0.47 diluted) down 36% YoY; adjusted net income $13.5M ($0.59).
Stepan posts record Q3 net income $39.4M; raises dividend 9% for 55th consecutive year
Record Q3 net income $39.4M ($1.71 diluted EPS); adjusted $46.3M ($2.01), up 27% YoY.
Stepan posts record Q2 net income of $52.1M; EPS $2.26, revenue up 26%
Adjusted net income record $53.0M ($2.30 diluted EPS) vs $42.2M ($1.81) a year ago.
Stepan enters $450M credit facility with $350M revolver and $100M delayed draw term loan
$450M credit facilities: $350M multicurrency revolving and $100M delayed draw term loan, maturing June 24, 2027.
Stepan shareholders approve 2022 Equity Incentive Plan at annual meeting
Plan approved with 17,863,792 votes for and 452,987 against; effective April 26, 2022.
Stepan Q1: reported EPS $1.93, adj. EPS $1.76; revenue $675M (+26% YoY); Polymer hit by outage
Reported net income record $44.8M ($1.93/diluted share); adjusted net income $40.7M ($1.76) vs $42.4M ($1.82) prior year.
Stepan issues $75M in 2.83% senior notes due 2032
Issued $25M Series 2022-A and $50M Series 2022-B senior notes at 2.83% fixed rate.
F. Quinn Stepan, Jr. retires as CEO effective April 25, 2022; remains Chairman.
Stepan reports Q4 net income down 44% YoY; record full year 2021 earnings
Q4 net income $17.0M ($0.73 diluted EPS) vs $30.4M ($1.30) prior year; adjusted EPS $0.97 vs $1.42.
Stepan issues $100M of 2.73% senior notes due 2031 under existing note purchase agreements
Issued $50M Series 2021-C and $50M Series 2021-D 2.73% Senior Notes due Dec 10, 2031.
Stepan Q3 adj EPS flat at $1.57; raises dividend 9.8% to $0.335; plans $220M Texas plant
Q3 adj net income $36.4M ($1.57/sh) flat YoY; reported net income $36.9M ($1.59/sh) up 11%.
Stepan issues $50M of 2.37% Senior Notes due Sept 2028
$50M aggregate principal of 2.37% Senior Notes, Series 2021-B, issued Sept 23, 2021.
Stepan posts record Q2 net income $43.3M, EPS $1.85; Polymer op income up 48%
Record Q2 net income $43.3M ($1.85 diluted EPS) vs $35.7M ($1.54) a year ago; adjusted EPS $1.81.
the Board increased the size of the Board by one to a total of eight Directors and appointed Corning Painter as a Director, effective immediately.
In connection with Mr. Kabbes’ retirement, the Company and Mr. Kabbes entered into a professional services and consulting agreement, effective as of March 14, 2025
Effective upon Mr. Wehmer’s retirement from the Board, the size of the Company’s Board will be reduced from eight to seven directors and Randall S. Dearth will succeed Mr. Wehmer as Lead Independent Director.
On February 18, 2025, Edward J. Wehmer, a member of Board of Directors (the “Board”) of Stepan Company (the “Company”), notified the Board of his decision to retire from the Board, effective as of the 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), which is scheduled for April 29, 2025.
On January 29, 2025, Stepan Company (the "Company") announced that David G. Kabbes, Vice President, General Counsel and Secretary, will retire from the Company effective March 14, 2025.
On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.
On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.
the Board appointed Samuel S. Hinrichsen to serve as Vice President and Interim Chief Financial Officer of the Company, in addition to continuing his current role as the Company’s Global Director of Finance, until such time as a permanent replacement is named.
On February 15, 2024, the Board of Directors (the “Board”) of Stepan Company (the “Company”) increased the size of the Board by one to a total of eight Directors and elected Susan M. Lewis as a Director.
The Company is filing this amendment to the Original Form 8-K to disclose that the effective date of Mr. Mergner's retirement has changed to July 3, 2023.
Effective as of May 1, 2023, Robert Haire will succeed Mr. Mergner in the position of Executive Vice President, Supply Chain of the Company.
Effective as of June 30, 2023, Arthur W. Mergner, Executive Vice President, Supply Chain, will retire from Stepan Company (the “Company”) after more than 34 years of service to the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings