Albemarle chief accounting officer to retire
Albemarle Corporation reported a leadership change in its finance organization.
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Form Type
8-K
Rhea-AI Filing Summary
Albemarle Corporation reported a leadership change in its finance organization. Donald J. LaBauve Jr. has informed the company of his intent to retire as Chief Accounting Officer, effective June 1, 2026, after more than 36 years of service.
The company stated that his retirement is not the result of any dispute or disagreement with Albemarle, including on accounting practices or financial reporting, indicating this is a planned transition rather than a response to any accounting or reporting issues.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Retirement effective date: June 1, 2026
Years of service: More than 36 years
Notice date: April 13, 2026
3 metrics
Retirement effective date
June 1, 2026
Effective date for Chief Accounting Officer’s retirement
Years of service
More than 36 years
Tenure of Donald J. LaBauve Jr. at Albemarle
Notice date
April 13, 2026
Date LaBauve advised Albemarle of retirement intent
Key Terms
Chief Accounting Officer, Item 5.02, Mandatory Convertible Preferred Stock
3 terms
Chief Accounting Officer financial
"retire from his position as Chief Accounting Officer, effective June 1, 2026"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors"
Mandatory Convertible Preferred Stock financial
"DEPOSITARY SHARES, each representing a 1/20th interest in a share of 7.25% Series A Mandatory Convertible Preferred Stock"
A mandatory convertible preferred stock is a type of investment that pays regular income like a preferred share but is designed to automatically turn into a set number of common shares at a future date, much like a timed coupon that becomes company ownership. It matters to investors because it combines a near-term income stream with a guaranteed future increase in the company’s share count, which can dilute existing owners and change earnings-per-share and voting balance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did Albemarle (ALB) announce in this filing?
Albemarle announced that Donald J. LaBauve Jr. plans to retire as Chief Accounting Officer. His retirement is effective June 1, 2026, after more than 36 years with the company, and is described as unrelated to any dispute or disagreement over accounting or financial reporting.
When will Albemarle’s Chief Accounting Officer Donald J. LaBauve Jr. retire?
Donald J. LaBauve Jr. will retire from his role as Albemarle’s Chief Accounting Officer effective June 1, 2026. The filing notes he has served the company for more than 36 years and that his decision is not due to any disagreement with Albemarle.
Did Albemarle (ALB) report any accounting disputes tied to the CAO’s retirement?
Albemarle explicitly stated that Donald J. LaBauve Jr.’s retirement is not the result of any dispute or disagreement with the company. This includes matters related to Albemarle’s accounting practices or financial reporting, suggesting the change is a routine retirement rather than a response to issues.
What role does Donald J. LaBauve Jr. currently hold at Albemarle (ALB)?
Donald J. LaBauve Jr. currently serves as Albemarle’s Chief Accounting Officer. He has been with the company for more than 36 years, and he has notified Albemarle of his intent to retire from this position effective June 1, 2026, according to the filing.
How long has Albemarle’s retiring Chief Accounting Officer served the company?
The filing states that Donald J. LaBauve Jr. has provided more than 36 years of service to Albemarle. His long tenure culminates with his planned retirement as Chief Accounting Officer, effective June 1, 2026, which the company describes as not stemming from any dispute or disagreement.
Who signed Albemarle’s 8-K reporting the Chief Accounting Officer’s retirement?
The report was signed on behalf of Albemarle Corporation by Ander C. Krupa. Krupa is identified in the document as the company’s General Counsel and Corporate Secretary, executing the filing that discloses Donald J. LaBauve Jr.’s planned retirement as Chief Accounting Officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
