SCL 8-K
Stepan Co (SCL)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On June 9, 2025, the Board of Directors (the “Board”) of Stepan Company (the “Company”) announced that the Board increased the size of the Board by one to a total of eight Directors and appointed Corning Painter as a Director, effective immediately. Mr. Painter was appointed to Class I of the Board. The next election of Class I Directors will be at the 2026 annual meeting of the Company’s stockholders. The Board also appointed Mr. Painter as a member of the Board’s Audit Committee, Compliance Committee, Human Capital and Compensation Committee and Nominating and Corporate Governance Committee.
As a Director, Mr. Painter will participate in the Company’s standard non-employee Director compensation arrangements described on pages 57-59 of the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on March 25, 2025.
A copy of the press release announcing the appointment of Mr. Painter to the Board is attached as Exhibit 99.1 hereto and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit |
Description | |
| 99.1 | Press Release of Stepan Company dated June 9, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| STEPAN COMPANY | ||||||
| Date: June 9, 2025 | By: | /s/ Kamel Aranki | ||||
| Kamel Aranki | ||||||
| Interim General Counsel and Interim Assistant Secretary | ||||||
Exhibit 99.1
Stepan Company Announces Appointment of New Director
NORTHBROOK, Ill., June 9, 2025 — Stepan Company (NYSE: SCL) announced today the appointment of Corning Painter as a Director of Stepan, effective immediately.
Mr. Painter currently serves as Chief Executive Officer of Orion S.A., a global chemical manufacturer, a role he has held since September of 2018. Prior to joining Orion, Mr. Painter was an Executive Vice President for Industrial Gases at Air Products and Chemicals, an industrial gas company, which Mr. Painter joined in 1984. Mr. Painter is a Certified Professional Engineer and holds a chemical engineering degree from Carnegie Mellon University.
“Corning brings extensive leadership and chemical industry experience to our Board of Directors,” said F. Quinn Stepan, Jr., Chairman of the Board of Stepan. “We are pleased to add Corning’s strategic and operational expertise, and we look forward to benefiting from his insights.”
Corporate Profile
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection compounds and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.
Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.
The Company’s common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com
Contact: Samuel S. Hinrichsen 847-446-7500
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