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Albemarle (NYSE: ALB) CFO tapped as interim principal accounting officer

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Albemarle Corporation announced a routine leadership change in its finance function. Former Chief Accounting Officer Donald J. LaBauve Jr. retired on June 1, 2026. Executive Vice President and Chief Financial Officer Neal R. Sheorey will serve as interim Principal Accounting Officer effective June 2, 2026, until the board appoints a permanent replacement.

The company states that Mr. Sheorey will not receive any new compensatory arrangements for this interim role. Albemarle also notes there are no family relationships between him and other directors or executive officers and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.

Positive

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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.
Principal Accounting Officer financial
"will serve as the Company's interim Principal Accounting Officer, effective June 2, 2026"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
definitive proxy statement regulatory
"set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 24, 2026"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
Item 404(a) of Regulation S-K regulatory
"no transactions involving Mr. Sheorey that would require disclosure under Item 404(a) of Regulation S-K"
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements"
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Understanding 8-K Material Events →
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
FORM 8-K
_________________________________

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 1, 2026

_________________________________
ALBEMARLE CORPORATION
(Exact name of registrant as specified in charter)
_________________________________
Virginia001-1265854-1692118
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
4250 Congress Street, Suite 900
Charlotte, North Carolina 28209
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (980) 299-5700
Not applicable
(Former name or former address, if changed since last report.)
_________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
COMMON STOCK, $.01 Par ValueALBNew York Stock Exchange
DEPOSITARY SHARES, each representing a 1/20th interest in a share of 7.25% Series A Mandatory Convertible Preferred StockALB PR ANew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported, Donald J. LaBauve Jr., the former Chief Accounting Officer of Albemarle Corporation (the “Company”), retired on June 1, 2026. Neal R. Sheorey, the Company's Executive Vice President and Chief Financial Officer, will serve as the Company's interim Principal Accounting Officer, effective June 2, 2026, until the Company’s Board of Directors appoints a replacement for the Company’s former Chief Accounting Officer.

Mr. Sheorey’s biographical information is set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 24, 2026, and such information is incorporated herein by reference. No new compensatory arrangements will be entered into with Mr. Sheorey in connection with his designation as the Company’s interim Principal Accounting Officer. There are no family relationships between Mr. Sheorey and any other director or executive officer of the Company, and no transactions involving Mr. Sheorey that would require disclosure under Item 404(a) of Regulation S-K.





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.

ALBEMARLE CORPORATION
Date:June 5, 2026By:/s/ Ander C. Krupa
Ander C. Krupa
General Counsel and Corporate Secretary


Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did Albemarle (ALB) disclose in this 8-K?

Albemarle disclosed that former Chief Accounting Officer Donald J. LaBauve Jr. retired on June 1, 2026. CFO Neal R. Sheorey has been designated interim Principal Accounting Officer effective June 2, 2026, until the board appoints a permanent successor.

What new role is Albemarle CFO Neal R. Sheorey taking on?

Albemarle’s Executive Vice President and CFO, Neal R. Sheorey, will serve as interim Principal Accounting Officer. His appointment is effective June 2, 2026 and will continue until the board selects a replacement for the former Chief Accounting Officer.

Does Albemarle plan new compensation for Neal R. Sheorey in this interim role?

Albemarle states that no new compensatory arrangements will be entered into with Neal R. Sheorey in connection with his designation as interim Principal Accounting Officer. His existing compensation as Executive Vice President and CFO remains in place for this additional responsibility.

Where can investors find more background on Albemarle’s interim Principal Accounting Officer?

Albemarle refers investors to its definitive proxy statement filed on March 24, 2026. The filing states that Neal R. Sheorey’s biographical information is included there and is incorporated by reference into this report for additional background on his experience.

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