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Stepan Company 8-K/A Report: Key Insights on Executive Departure & Amendments

$SCL
Form 8-K/A
Filed on: 2024-12-19
Source
Stepan Company 8-K/A Report: Key Insights on Executive Departure & Amendments

Here are the key insights extracted from the provided financial report section:

  1. Entity Information:
  • Company Name: Stepan Company
  • CIK: 0000094049
  • Address: 1101 Skokie Boulevard, Suite 500, Northbrook, IL 60062
  • Contact: 847-446-7500
  • Ticker Symbol: SCL
  • Exchange: NYSE
  • Par Value: Common Stock, $1 par value
  1. Filing Details:
  • Form Type: 8-K/A
  • Filing Date: October 29, 2024
  • Original Filing Date: October 30, 2024 (Form 8-K)
  • SEC File Number: 1-4462
  • IRS Employer Identification Number (EIN): 36-1823834
  1. Context of Filing:
  • The company is amending a previous Form 8-K that reported on the departure of Scott R. Behrens, the former President and CEO of Stepan Company.
  1. Purpose of Amendment:
  • The amendment serves to supplement the disclosures related to Item 5.02 of the original Form 8-K and to file an exhibit referenced in Item 9.01 of the amended filing.
  • It is noted that except for the updates provided in this amendment, the disclosures in the original Form 8-K remain unchanged.
  1. Implications:
  • The departure of a key executive (CEO) can have significant implications for the company’s operations, strategic direction, and stock performance. Investors may want to monitor how this leadership change affects company performance and future communications.

This analysis captures the essential details surrounding the executive departure and the filing's purpose, which are critical for stakeholders and investors tracking Stepan Company's corporate governance and executive management changes.