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Albemarle Corporation 8-K Report: Key Updates on Stock and Financial Position

$ALB
Form 8-K
Filed on: 2025-02-12
Source
Albemarle Corporation 8-K Report: Key Updates on Stock and Financial Position

Based on the provided section of the financial report, here are the key insights and important information extracted:

  1. Entity Information:
  • Name: Albemarle Corporation
  • CIK: 0000915913
  • Tax Identification Number: 54-1692118
  • Address: 4250 Congress Street, Suite 900, Charlotte, NC 28209
  • Phone: 980-299-5700
  1. Filing Information:
  • Form Type: 8-K
  • Filing Date: February 12, 2025
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.01
    • Ticker Symbol: ALB
    • Exchange: NYSE
  • Preferred Stock:
    • Type: 7.25% Series A Mandatory Convertible Preferred Stock
    • Ticker Symbol: ALB PR A
    • Exchange: NYSE
    • Each depositary share represents a 1/20th interest in a share of the preferred stock.
  1. Period of Report:
  • The report covers the date of February 12, 2025.
  1. Stock Segments:
  • Common Stock
  • Series A Preferred Stock

Insights:

  • The filing indicates a significant update or event regarding Albemarle Corporation as documented in the 8-K form, which is typically used for reporting unscheduled material events or corporate changes.
  • The presence of both common and preferred stock indicates diversified financing options for the company, potentially appealing to different types of investors.
  • The preferred stock comes with a 7.25% dividend, which may attract income-focused investors, while the common stock provides potential capital appreciation.
  • The filing date aligns with the report period, indicating that the information is current and relevant to shareholders and potential investors.

This report is crucial for stakeholders to understand the company's current position and any new developments affecting its financial standing.