Albemarle Corporation Extends CEO J. Kent Masters' Employment with Revised Compensation Agreement Through 2027

Reuters
4 hours ago
Albemarle Corporation Extends CEO J. Kent Masters' Employment with Revised Compensation Agreement Through 2027

Albemarle Corporation has announced the extension of its President and CEO, J. Kent Masters' employment through March 30, 2027, under a newly amended and restated executive employment agreement. As part of the agreement, Mr. Masters will maintain his annual base salary of $1,400,000 and remain eligible for an annual bonus targeting 150% of his salary, with a maximum potential of 200% of the target. The agreement includes terms for severance compensation should his employment be terminated without cause, allowing for accrued benefits, a prorated annual bonus, continued vesting of long-term incentive grants, and financial counseling, contingent upon compliance with restrictive covenants. Additionally, the change in control agreement has been extended, mirroring many of the original terms, and includes non-competition and non-solicitation clauses effective for three years post-employment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Albemarle Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000915913-25-000135), on August 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10