Shelley Bausch joins Innospec (NASDAQ: IOSP) board and Audit Committee
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Innospec Inc. reported a change in its Board of Directors. Effective June 2, 2026, the Board increased its size from seven to eight members and appointed Shelley Bausch as a Class II director, starting July 1, 2026 and serving until the 2027 annual stockholder meeting or until a successor is elected and qualified.
She will also join the Audit Committee on July 1, 2026. As a non-employee director, Ms. Bausch will receive a standard annual cash retainer of $100,000, plus an additional annual $5,000 for Audit Committee service, both paid quarterly. She will be eligible for an annual equity grant with an expected value of $125,000 under the company’s Long-Term Incentive Omnibus Plan, similar to awards granted in February 2025, which vest after three years. She may also earn $2,000 per additional day for extra services at the CEO’s request, and the company states there are no related-party transactions requiring disclosure.
Positive
- None.
Negative
- None.
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
Board size: 8 directors
Annual cash retainer: $100,000
Audit Committee retainer: $5,000
+3 more
6 metrics
Board size
8 directors
Increased from seven to eight effective June 2, 2026
Annual cash retainer
$100,000
Standard non-employee director cash retainer, paid quarterly
Audit Committee retainer
$5,000
Additional annual retainer for Audit Committee membership, paid quarterly
Annual equity grant value
$125,000
Expected grant-date value under Long-Term Incentive Omnibus Plan
Additional daily fee
$2,000 per day
For extra days provided at specific request of the CEO
Director term end
2027 annual meeting
Shelley Bausch serves as Class II director until this meeting or successor
Key Terms
Class II director, Audit Committee, Long-Term Incentive Omnibus Plan, restricted stock units, +1 more
5 terms
Class II director financial
"appointed Shelley Bausch to serve as a Class II director of the Company"
A class II director is a member of a company’s board who belongs to one of several staggered groups of directors, each group standing for election in different years. For investors, this matters because staggered terms slow wholesale board turnover—like rotating members of a neighborhood committee—making sudden changes in control or strategy harder and affecting how quickly shareholders can influence corporate direction.
Audit Committee financial
"Ms. Bausch was also appointed to serve on the Company’s Audit Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Long-Term Incentive Omnibus Plan financial
"annual grant of equity under the Innospec Inc. Long-Term Incentive Omnibus Plan"
restricted stock units financial
"such awards were granted in the form of restricted stock units that vest in full"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Item 404(a) of Regulation S-K regulatory
"that would be required to be disclosed under Item 404(a) of Regulation S-K."
FAQ
What board change did Innospec Inc. (IOSP) announce in this 8-K?
Innospec Inc. announced that its Board increased in size from seven to eight directors and appointed Shelley Bausch as a Class II director effective July 1, 2026. She will serve until the 2027 annual stockholder meeting or until a successor is elected and qualified.
What committee role will Shelley Bausch hold at Innospec Inc. (IOSP)?
Shelley Bausch will serve on Innospec Inc.’s Audit Committee effective July 1, 2026, in addition to her role as a Class II director. This places her directly in oversight of financial reporting and internal controls as part of the Board’s audit oversight responsibilities.
How will Innospec Inc. (IOSP) compensate Shelley Bausch as a non-employee director?
Shelley Bausch will receive a standard annual cash retainer of $100,000, paid quarterly, plus an additional $5,000 annually, also paid quarterly, for Audit Committee service. She may additionally earn a $2,000 daily fee for extra days worked at the CEO’s specific request.
What equity awards is Shelley Bausch eligible for at Innospec Inc. (IOSP)?
Shelley Bausch is eligible for an annual equity grant under the Innospec Inc. Long-Term Incentive Omnibus Plan with an expected grant-date value of $125,000. Awards granted in February 2025 were restricted stock units that vest in full three years after the grant date.