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AI brief of an SEC Form 8-K · Westlake (WLK)

Westlake names Jonathan Baksht CFO, succeeding Steve Bender effective June 15, 2026

Neutral Impact 4 of 5 leadership Written later

Westlake Corporation appointed Jonathan H. Baksht as Senior Vice President and Chief Financial Officer, effective June 15, 2026, succeeding M. Steven Bender, who will retire by the end of 2026. Baksht previously served as CFO of Fortune Brands Innovations, Inc. from May 2025 to March 2026, and the change in the company's top finance role is a significant leadership transition for shareholders to monitor.

Key points

  • Baksht takes the CFO role effective June 15, 2026; Bender moves to Special Advisor to the President on that date and retires by year-end.
  • Baksht receives a $200,000 sign-on cash award and RSUs with a total grant date fair value of $1,800,000, vesting fully on June 15, 2029.
  • Baksht's 2026 base pay is $832,000, with a 90% target annual bonus and a 275% long-term incentive target.
  • Baksht previously was CFO of Pactiv Evergreen Inc. (2022 to 2025) and Valaris Limited (2015 to 2021).

The filing

CompanyWestlake (WLK)
Form8-K, current report
Filed with the SECApr 20, 2026, 5:05 PM ET
Accession number0001193125-26-164225

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.