Ecovyst Inc.
12/16/2024 | Press release | Distributed by Public on 12/16/2024 15:18
Management Change/Compensation Form 8 K
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
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(e) On December 10, 2024, the Compensation Committee of the Board of Directors of Ecovyst Inc. (the "Company") approved a retention bonus program under which certain employees of the Company, including Paul Whittleston, the Company's Vice President and President - Advanced Materials and Catalysts, have been granted retention bonuses related to the strategic review process for the Company's Advanced Materials & Catalysts business. Under this program, in the event of certain outcomes of the strategic review process, Mr. Whittleston is entitled to an amount equal to 1.5 times his base salary, payable in two equal installments, generally subject to continued employment.
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