Celanese Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Celanese Corporation on March 23, 2009. The report addresses a specific corporate governance event regarding executive compensation approved by the Compensation Committee of the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel compensation adjustment and does not contain financial performance data.
Material Changes
The material change reported is an increase in the annual base salary for Steven M. Sterin, Senior Vice President and Chief Financial Officer. Effective March 29, 2009, his salary will increase from $375,000 to $450,000.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Steven M. Sterin's annual base salary increase was approved on March 23, 2009.
- The new salary of $450,000 is effective March 29, 2009.
- The previous annual base salary was $375,000.
- The increase represents a $75,000 annual adjustment.