Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)On January 27, 2021, the Board of Directors (the "Board") of Stepan Company
(the "Company") increased the size of the Board by one to a total of eight
directors and elected Lorinda Burgess as a director. Ms. Burgess was elected to
Class III of the Board. The next election of Class III directors will be at the
2022 annual meeting of the Company's stockholders. The Board also appointed Ms.
Burgess as a member of the Board's Audit Committee, Compensation and Development
Committee, Compliance Committee and Nominating and Corporate Governance
Committee.
As a director, Ms. Burgess will participate in the Company's standard
non-employee director compensation arrangements described on pages 42-43 of the
Company's definitive proxy statement filed with the U.S. Securities and Exchange
Commission on March 20, 2020.
A copy of the press release announcing the election of Ms. Burgess 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 No. Description
99.1 Press Release of Stepan Company dated January 27, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL
Document)
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