[8-K] Albemarle Corporation Reports Material Event
Albemarle Corporation announced an organizational change in which Netha N. Johnson, the company's Chief Operations Officer, left effective August 10, 2025, and Mark M. Mummert succeeded her as Chief Operations Officer effective August 11, 2025. Mr. Mummert joined Albemarle in 2019, has led the Energy Storage operating unit and capital projects, and brings prior supply chain and manufacturing experience from FMC, Rohm and Haas, and Dow.
The company disclosed Mr. Mummert's material compensation terms: an annual base salary of $550,000, continued participation in the annual incentive plan at a target of 80% of eligible earnings, a 2026 long-term incentive award with a $1,400,000 target value to be granted in Q1 2026, and standard executive benefits eligibility.
Albemarle Corporation ha annunciato un cambiamento organizzativo: Netha N. Johnson, Chief Operations Officer dell'azienda, ha lasciato l'incarico con decorrenza dal 10 agosto 2025, e Mark M. Mummert le 猫 subentrato come Chief Operations Officer a partire dall'11 agosto 2025. Il sig. Mummert 猫 entrato in Albemarle nel 2019, ha guidato l'unit脿 operativa Energy Storage e i progetti di investimento in conto capitale, e porta con s茅 precedenti esperienze nella supply chain e nella produzione presso FMC, Rohm and Haas e Dow.
L'azienda ha reso noti i termini retributivi rilevanti per il sig. Mummert: un salario base annuo di $550,000, la continuazione della partecipazione al piano di incentivi annuali con un obiettivo pari al 80% della retribuzione eleggibile, un premio a lungo termine per il 2026 con valore target di $1,400,000 che sar脿 assegnato nel primo trimestre 2026, e l'idoneit脿 ai benefit esecutivi standard.
Albemarle Corporation anunci贸 un cambio organizativo en el que Netha N. Johnson, directora de operaciones de la empresa, dej贸 el cargo con efecto el 10 de agosto de 2025, y Mark M. Mummert la sucedi贸 como Chief Operations Officer a partir del 11 de agosto de 2025. El Sr. Mummert se incorpor贸 a Albemarle en 2019, ha liderado la unidad operativa Energy Storage y los proyectos de capital, y aporta experiencia previa en cadena de suministro y fabricaci贸n en FMC, Rohm and Haas y Dow.
La compa帽铆a divulg贸 los t茅rminos retributivos materiales del Sr. Mummert: un salario base anual de $550,000, la continuidad de la participaci贸n en el plan de incentivos anual con un objetivo del 80% de las remuneraciones elegibles, una concesi贸n de incentivo a largo plazo para 2026 con un valor objetivo de $1,400,000 que se otorgar谩 en el primer trimestre de 2026, y la elegibilidad para los beneficios ejecutivos est谩ndar.
Albemarle Corporation鞚� 臁办 氤�瓴届潉 氚滍憸頄堨姷雼堧嫟. 須岇偓鞚� 斓滉碃鞖挫榿毂呾瀯鞛�(COO)鞚� Netha N. Johnson鞚� 2025雲� 8鞗� 10鞚茧秬搿� 韲挫瀯頄堨溂氅�, Mark M. Mummert臧� 2025雲� 8鞗� 11鞚茧秬搿� COO搿� 旆瀯頄堨姷雼堧嫟. 毹鸽ǜ韸� 鞌姅 2019雲� Albemarle鞐� 頃╇頄堨溂氅� 鞐愲剤歆� 鞝�鞛�(Energy Storage) 鞖挫榿 攵�氍戈臣 鞛愲掣 頂勲鞝濏姼毳� 鞚措亴鞐堦碃 FMC, Rohm and Haas, Dow鞐愳劀鞚� 瓿店笁毵� 氚� 鞝滌“ 瓴巾棙鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
須岇偓電� 毹鸽ǜ韸� 鞌潣 欤检殧 氤挫儊 臁瓣贝鞚� 瓿店皽頄堨姷雼堧嫟: 鞐瓣皠 旮半掣旮� $550,000, 鞙犾瀽瓴� 旮夓棳鞚� 80%毳� 氇╉憸搿� 頃橂姅 鞐瓣皠 鞚胳劶韹半笇 頂岆灉鞐� 瓿勳啀 彀胳棳, 2026雲� 鞛リ赴 鞚胳劶韹半笇鞚� 氇╉憸 臧�旃� $1,400,000電� 2026雲� 1攵勱赴鞐� 攵�鞐悹 鞓堨爼鞚措┌, 響滌 瓴届榿歆� 氤惦Μ頉勳儩 鞛愱博鞚� 韽暔霅╇媹雼�.
Albemarle Corporation a annonc茅 un changement organisationnel : Netha N. Johnson, directrice des op茅rations, a quitt茅 ses fonctions avec effet au 10 ao没t 2025, et Mark M. Mummert lui a succ茅d茅 en tant que Chief Operations Officer 脿 compter du 11 ao没t 2025. M. Mummert a rejoint Albemarle en 2019, a dirig茅 l'unit茅 op茅rationnelle Energy Storage et les projets d'investissement, et apporte une exp茅rience ant茅rieure en cha卯ne d'approvisionnement et en production chez FMC, Rohm and Haas et Dow.
La soci茅t茅 a divulgu茅 les principaux 茅l茅ments de la r茅mun茅ration de M. Mummert : un salaire de base annuel de $550,000, la poursuite de la participation au plan d'incitation annuel avec un objectif de 80% des gains 茅ligibles, une attribution d'incitation 脿 long terme pour 2026 d'une valeur cible de $1,400,000 qui sera accord茅e au premier trimestre 2026, et l'茅ligibilit茅 aux avantages ex茅cutifs standards.
Albemarle Corporation k眉ndigte eine organisatorische 脛nderung an: Netha N. Johnson, die Chief Operations Officer des Unternehmens, schied mit Wirkung zum 10. August 2025 aus, und Mark M. Mummert trat mit Wirkung zum 11. August 2025 ihr Amt als Chief Operations Officer an. Herr Mummert kam 2019 zu Albemarle, leitete die operative Einheit Energy Storage und die Kapitalprojekte und bringt fr眉here Erfahrungen in Supply Chain und Produktion von FMC, Rohm and Haas und Dow mit.
Das Unternehmen ver枚ffentlichte die wesentlichen Verg眉tungsbedingungen von Herrn Mummert: ein j盲hrliches Grundgehalt von $550,000, die fortgesetzte Teilnahme am Jahresanreizplan mit einem Ziel von 80% der anspruchsberechtigten Verg眉tung, eine langfristige Zuteilung f眉r 2026 mit einem Zielwert von $1,400,000, die im ersten Quartal 2026 gew盲hrt wird, sowie die Berechtigung zu den 眉blichen Management-Benefits.
- Internal succession: Appointment of Mark M. Mummert, an Albemarle executive since 2019, supports continuity of operations.
- Transparent compensation disclosure: Company provided clear material terms including $550,000 base salary, 80% AIP target, and a $1,400,000 2026 LTIP target.
- Departure of COO: Netha N. Johnson left the Company effective August 10, 2025.
Insights
TL;DR: Internal promotion preserves operational continuity while providing clear compensation details for the new COO.
Albemarle's announcement replaces the departing COO with an experienced internal executive, which suggests operational knowledge is retained. The disclosed compensation package鈥�$550,000 base, 80% AIP target, and a $1.4M long-term award鈥攁ligns pay with performance and retention through 2026 equity incentives. There are no financial metrics or restructuring charges disclosed in this filing, so the near-term financial impact is limited to disclosed compensation obligations.
TL;DR: The filing documents a routine leadership succession with transparent disclosure of pay terms, supporting governance best practices.
The company followed disclosure norms by reporting the officer departure and naming a successor, including material employment terms. The successor is an internal appointee with multi-year tenure at Albemarle and industry experience, which supports continuity. The filing does not disclose severance arrangements or reasons for the departure, limiting assessment of governance or succession planning implications beyond the disclosed facts.
Albemarle Corporation ha annunciato un cambiamento organizzativo: Netha N. Johnson, Chief Operations Officer dell'azienda, ha lasciato l'incarico con decorrenza dal 10 agosto 2025, e Mark M. Mummert le 猫 subentrato come Chief Operations Officer a partire dall'11 agosto 2025. Il sig. Mummert 猫 entrato in Albemarle nel 2019, ha guidato l'unit脿 operativa Energy Storage e i progetti di investimento in conto capitale, e porta con s茅 precedenti esperienze nella supply chain e nella produzione presso FMC, Rohm and Haas e Dow.
L'azienda ha reso noti i termini retributivi rilevanti per il sig. Mummert: un salario base annuo di $550,000, la continuazione della partecipazione al piano di incentivi annuali con un obiettivo pari al 80% della retribuzione eleggibile, un premio a lungo termine per il 2026 con valore target di $1,400,000 che sar脿 assegnato nel primo trimestre 2026, e l'idoneit脿 ai benefit esecutivi standard.
Albemarle Corporation anunci贸 un cambio organizativo en el que Netha N. Johnson, directora de operaciones de la empresa, dej贸 el cargo con efecto el 10 de agosto de 2025, y Mark M. Mummert la sucedi贸 como Chief Operations Officer a partir del 11 de agosto de 2025. El Sr. Mummert se incorpor贸 a Albemarle en 2019, ha liderado la unidad operativa Energy Storage y los proyectos de capital, y aporta experiencia previa en cadena de suministro y fabricaci贸n en FMC, Rohm and Haas y Dow.
La compa帽铆a divulg贸 los t茅rminos retributivos materiales del Sr. Mummert: un salario base anual de $550,000, la continuidad de la participaci贸n en el plan de incentivos anual con un objetivo del 80% de las remuneraciones elegibles, una concesi贸n de incentivo a largo plazo para 2026 con un valor objetivo de $1,400,000 que se otorgar谩 en el primer trimestre de 2026, y la elegibilidad para los beneficios ejecutivos est谩ndar.
Albemarle Corporation鞚� 臁办 氤�瓴届潉 氚滍憸頄堨姷雼堧嫟. 須岇偓鞚� 斓滉碃鞖挫榿毂呾瀯鞛�(COO)鞚� Netha N. Johnson鞚� 2025雲� 8鞗� 10鞚茧秬搿� 韲挫瀯頄堨溂氅�, Mark M. Mummert臧� 2025雲� 8鞗� 11鞚茧秬搿� COO搿� 旆瀯頄堨姷雼堧嫟. 毹鸽ǜ韸� 鞌姅 2019雲� Albemarle鞐� 頃╇頄堨溂氅� 鞐愲剤歆� 鞝�鞛�(Energy Storage) 鞖挫榿 攵�氍戈臣 鞛愲掣 頂勲鞝濏姼毳� 鞚措亴鞐堦碃 FMC, Rohm and Haas, Dow鞐愳劀鞚� 瓿店笁毵� 氚� 鞝滌“ 瓴巾棙鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
須岇偓電� 毹鸽ǜ韸� 鞌潣 欤检殧 氤挫儊 臁瓣贝鞚� 瓿店皽頄堨姷雼堧嫟: 鞐瓣皠 旮半掣旮� $550,000, 鞙犾瀽瓴� 旮夓棳鞚� 80%毳� 氇╉憸搿� 頃橂姅 鞐瓣皠 鞚胳劶韹半笇 頂岆灉鞐� 瓿勳啀 彀胳棳, 2026雲� 鞛リ赴 鞚胳劶韹半笇鞚� 氇╉憸 臧�旃� $1,400,000電� 2026雲� 1攵勱赴鞐� 攵�鞐悹 鞓堨爼鞚措┌, 響滌 瓴届榿歆� 氤惦Μ頉勳儩 鞛愱博鞚� 韽暔霅╇媹雼�.
Albemarle Corporation a annonc茅 un changement organisationnel : Netha N. Johnson, directrice des op茅rations, a quitt茅 ses fonctions avec effet au 10 ao没t 2025, et Mark M. Mummert lui a succ茅d茅 en tant que Chief Operations Officer 脿 compter du 11 ao没t 2025. M. Mummert a rejoint Albemarle en 2019, a dirig茅 l'unit茅 op茅rationnelle Energy Storage et les projets d'investissement, et apporte une exp茅rience ant茅rieure en cha卯ne d'approvisionnement et en production chez FMC, Rohm and Haas et Dow.
La soci茅t茅 a divulgu茅 les principaux 茅l茅ments de la r茅mun茅ration de M. Mummert : un salaire de base annuel de $550,000, la poursuite de la participation au plan d'incitation annuel avec un objectif de 80% des gains 茅ligibles, une attribution d'incitation 脿 long terme pour 2026 d'une valeur cible de $1,400,000 qui sera accord茅e au premier trimestre 2026, et l'茅ligibilit茅 aux avantages ex茅cutifs standards.
Albemarle Corporation k眉ndigte eine organisatorische 脛nderung an: Netha N. Johnson, die Chief Operations Officer des Unternehmens, schied mit Wirkung zum 10. August 2025 aus, und Mark M. Mummert trat mit Wirkung zum 11. August 2025 ihr Amt als Chief Operations Officer an. Herr Mummert kam 2019 zu Albemarle, leitete die operative Einheit Energy Storage und die Kapitalprojekte und bringt fr眉here Erfahrungen in Supply Chain und Produktion von FMC, Rohm and Haas und Dow mit.
Das Unternehmen ver枚ffentlichte die wesentlichen Verg眉tungsbedingungen von Herrn Mummert: ein j盲hrliches Grundgehalt von $550,000, die fortgesetzte Teilnahme am Jahresanreizplan mit einem Ziel von 80% der anspruchsberechtigten Verg眉tung, eine langfristige Zuteilung f眉r 2026 mit einem Zielwert von $1,400,000, die im ersten Quartal 2026 gew盲hrt wird, sowie die Berechtigung zu den 眉blichen Management-Benefits.
FAQ
Who left the COO role at Albemarle (ALB)?
Who is the new COO of Albemarle (ALB)?
What are the key compensation terms for Albemarle's new COO?
Is the new COO an internal promotion or an external hire?
When will the new long-term incentive grant for the COO be awarded?
