Highest-materiality recent filing
Westlake shareholders elect five directors, approve compensation and auditor at annual meeting
All five director nominees elected: Catherine Chao, Roger Cregg, Jean-Marc Gilson, Kimberly Lubel, Jeffrey Sheets.
Westlake Q1 net loss $169M ($1.31/sh); EBITDA excl. items $235M, down 20% YoY
Net loss of $169M (diluted loss $1.31); excl. $85M items net loss $100M ($0.77).
Westlake signs non-binding LOI to acquire VYNOVA Wilhelmshaven PVC/VCM site in Germany
Non-binding LOI with preliminary insolvency administrator of VYNOVA Wilhelmshaven GmbH for PVC/VCM production site.
Westlake appoints Jonathan Baksht as CFO effective June 15, 2026
Jonathan Baksht appointed SVP & CFO effective June 15, 2026, succeeding retiring M. Steven Bender.
Westlake agrees to pay $67M to settle PVC pipe antitrust class action
Settlement of $67 million with direct purchaser class; subject to preliminary and final court approval.
Westlake enters new $1.5B revolving credit facility maturing 2031, replacing prior facility
New $1.5B unsecured revolver replaces existing $1.5B facility; prior agreement terminated without penalties.
Robert F. Buesinger steps down as EVP & Segment Head; transitions to Special Advisor to President effective April 2, 2026.
Westlake Q4 net loss $544M (-$4.22/sh); FY loss $1.51B; targets $600M EBITDA improvement
Net loss $544M (GAAP diluted EPS -$4.22); adjusted net loss $33M (-$0.25/sh) excl. $511M shutdown & restructuring items.
Westlake CFO Bender to retire; board adds former LyondellBasell CEO Patel and CEO Gilson
CFO M. Steven Bender notified intent to retire, effective upon appointment of a successor.
Westlake completes acquisition of ACI compounding solutions; expands into Portugal, Romania, Tunisia
Acquisition of ACI/Perplastic Group's global compounding solutions businesses completed effective January 5, 2026.
Closure includes PVC plant in Aberdeen, MS (1B lbs/year), VCM plant in Lake Charles, LA North (910M lbs/year), and a chlor-alkali unit (825M lbs chlorine, 910M lbs caustic soda).
Westlake completes cash tender offer for 3.600% Senior Notes due 2026; $264.5M tendered
Tendered $253.73M principal of 3.600% Senior Notes due 2026, plus $10.73M via guaranteed delivery; Consideration $996.32 per $1,000.
Westlake prices $1.2B senior notes offering to fund tender offer and ACI acquisition
$600M 5.550% notes due 2035 and $600M 6.375% notes due 2055 priced, expected to close Nov 6, 2025.
Westlake Corp launches tender offer for $750M 3.600% Senior Notes due 2026 and new notes offering
Westlake commenced a cash tender offer for any and all of its $750 million aggregate principal 3.600% Senior Notes due 2026.
Westlake Q3 net loss $782M on $727M goodwill impairment; adjusted EPS -$0.29 vs $1.41 YoY
Net loss $782M ($6.06/share) vs net income $108M ($0.83) YoY; excludes $744M identified items.
Westlake agrees to acquire ACI compounding solutions for EUR 210M annual sales
Acquires global compounding solutions businesses of Portugal-based ACI/Perplastic Group.
Westlake Q2 2025 net loss $142M ($1.11 EPS); EBITDA excl. items $340M, down 54% YoY
Net loss $142M ($1.11 diluted EPS); excl. Identified Items net loss $12M ($0.09 EPS).
Westlake plans full closure of Pernis facility; expects EUR 190M pre-tax costs
Plans to close entire Pernis facility (AC, ECH, LER, BPA units) in the Netherlands; consultations with works councils started June 13, 2025.
Westlake annual meeting elects four directors, ratifies PwC as auditor
Directors Chao, Chao, Graff, Sabat each elected with >111M votes for; ~11M withheld.
Westlake posts Q1 net loss of $40M; EBITDA down 47% YoY on higher costs and outages
Net loss of $40M ($0.31 diluted loss) vs net income of $174M ($1.34) in Q1 2024.
Westlake awards $1.5M in special RSUs to EVP Buesinger
Special RSU award of $1.5M to EVP Robert F. Buesinger under 2013 Omnibus Incentive Plan.
Westlake awards CEO $1M in RSUs vesting Feb 2028
Special RSU award to President and CEO Jean-Marc Gilson under 2013 Omnibus Incentive Plan.
Westlake Q4 net income $7M ($0.06 EPS); EBITDA up 7% YoY on volume growth
Q4 net sales $2.8B (+1% YoY); full-year net sales $12.1B (-3% YoY).
Westlake Corp appoints Roger Cregg to board, Marius Haas retires
Roger A. Cregg appointed as Class I director effective Dec 10, 2024; term expires at 2026 annual meeting.
Westlake Q3 GAAP EPS $0.83, adjusted $1.41; EBITDA down 22% QoQ on outages and mothball
Net sales $3.1B flat YoY but down 3% QoQ; volume -4%, price +1%.
Westlake Corp adjusts Albert Chao's compensation after CEO-to-chairman transition
Albert Chao transitioned from President/CEO to Executive Chairman effective July 15, 2024.
Westlake Q2 net income $313M, record HIP EBITDA $336M; names new CEO
Net sales $3,207M, net income $313M ($2.40 diluted EPS), up from $297M in Q2 2023.
Westlake to mothball AC and ECH units at Pernis; expects EUR 80M pre-tax costs
Approved mothball of allyl chloride and epichlorohydrin units at Pernis, Netherlands; expected to cease operations in 2025.
Westlake appoints Jean-Marc Gilson as President and CEO; Chao family moves to Chairman roles
Jean-Marc Gilson (former CEO of Mitsubishi Chemical Group) becomes President and CEO effective July 15, 2024.
EU initiates anti-dumping probe on epoxy resin imports; Westlake among complainants
European Commission published notice on July 1, 2024 initiating anti-dumping investigation on epoxy resin imports from China, South Korea, Taiwan, and Thailand.
Westlake HIP investor event: $4.3B revenue, ~$84B TAM, 5-7% organic CAGR
HIP revenue of $4.3B for twelve months ended March 31, 2024; housing accounts for ~$3.6B, infrastructure $0.7B.
Board member Marius Haas resigns to focus on BayPine Capital
Marius A. Haas resigns from Westlake Board effective upon successor appointment.
Westlake shareholders re-elect four directors, reject plastic pollution report proposal
Four directors re-elected with majority support; Mark McCollum received highest votes with 122.6M for, 3.2M withheld.
Westlake Q1 net income $174M ($1.34 EPS); HIP EBITDA record $264M
Net sales $2,975M down 11% YoY; net income $174M down from $394M YoY.
Westlake swaps Treasurer and CAO roles between Jeff Holy and Johnathan Zoeller
Jeff Holy transitions from VP & Treasurer to VP & Chief Accounting Officer, effective April 25, 2024.
Westlake coalition files antidumping petitions on epoxy resin imports from five countries
On April 3, 2024, coalition including Westlake filed antidumping petitions on epoxy resin imports from China, India, South Korea, Taiwan, and Thailand.
Westlake Q4 net loss $497M on $2.8B revenue; $625M in charges drag results
Q4 net loss of $497M ($3.86 diluted loss) includes $475M impairment on epoxy assets and $150M litigation settlement charge.
Settlements total ~$382 million to resolve lawsuits related to Petro 2 flash fire (Sept 2021) and EDC storage tank explosion (Jan 2022).
On August 8, 2024, the Compensation Committee of the Board of Directors (the “Board”) of Westlake Corporation (the “Company”) approved the following changes to the compensation of Albert Chao in connection with Mr. Chao’s transition from President and Chief Executive Officer of the Company to Executive Chairman of the Board.
Albert Chao, formerly the President, Chief Executive Officer and Director of the Company, transitioned to the position of Executive Chairman of the Board.
Jean-Marc Gilson was appointed as the President and Chief Executive Officer of the Company.
On May 22, 2024, Marius A. Haas informed Westlake Corporation (the “Company”) of his decision to resign from the Board of Directors of the Company in order to focus on BayPine Capital, a private equity investment company of which he is a founding partner.
Mr. Holy transitioned to the position of Vice President, Chief Accounting Officer from his prior role as Vice President and Treasurer. Mr. Zoeller transitioned to the position of Vice President and Treasurer from his prior role as Vice President, Chief Accounting Officer.
Mr. Holy transitioned to the position of Vice President, Chief Accounting Officer from his prior role as Vice President and Treasurer. Mr. Zoeller transitioned to the position of Vice President and Treasurer from his prior role as Vice President, Chief Accounting Officer.
Max materiality 0.90 · Median 0.65 · Most common event earnings