[8-K] Ecovyst Inc. Reports Material Event
Ecovyst Inc. reported the involuntary departure of George L. Vann, Jr., effective August 11, 2025, and disclosed the separation terms the company expects to provide under a Separation and Transition Agreement. The filing lists specific cash payments: two weeks pay in lieu of notice of $15,000, 58 weeks of severance equal to $435,000, a 2025 target bonus target payment of $234,000 and an additional pro rata 2025 target bonus of $27,000, with potential further pro rata bonus based on actual performance.
The company will continue health benefits at active employee rates during the severance period and will allow a pro rata portion of performance-based stock units to remain outstanding and be earned based on actual performance through the original vesting dates. The Separation Agreement will be filed as an exhibit to Ecovyst's upcoming quarterly report.
Ecovyst Inc. ha comunicato la cessazione involontaria del rapporto di lavoro di George L. Vann, Jr., con effetto dall'11 agosto 2025, e ha reso noti i termini della separazione previsti dall'Accordo di Separazione e Transizione. La documentazione elenca pagamenti in contanti specifici: due settimane di retribuzione in luogo del preavviso di $15,000, 58 settimane di indennit脿 pari a $435,000, un bonus target 2025 di $234,000 e un ulteriore bonus 2025 pro rata di $27,000, con la possibilit脿 di un ulteriore bonus pro rata in base alle prestazioni effettive.
L'azienda manterr脿 i benefici sanitari ai tassi previsti per i dipendenti attivi per tutta la durata dell'indennit脿 e consentir脿 che una porzione pro rata delle unit脿 azionarie basate sulla performance rimanga valida e venga maturata in base alle performance effettive fino alle date di vesting originarie. L'Accordo di Separazione sar脿 allegato come exhibit al prossimo rapporto trimestrale di Ecovyst.
Ecovyst Inc. inform贸 la salida involuntaria de George L. Vann, Jr., con efecto el 11 de agosto de 2025, y detall贸 los t茅rminos de separaci贸n previstos en el Acuerdo de Separaci贸n y Transici贸n. La presentaci贸n enumera pagos en efectivo concretos: dos semanas de salario en lugar de preaviso de $15,000, 58 semanas de indemnizaci贸n por un total de $435,000, una prima objetivo 2025 de $234,000 y una prima adicional prorrateada 2025 de $27,000, con posibilidad de una prima prorrateada adicional seg煤n el desempe帽o real.
La compa帽铆a mantendr谩 los beneficios de salud a las tarifas de empleados activos durante el per铆odo de indemnizaci贸n y permitir谩 que una porci贸n prorrateada de las unidades de acciones vinculadas al rendimiento permanezca vigente y se devengue seg煤n el desempe帽o real hasta las fechas de consolidaci贸n originales. El Acuerdo de Separaci贸n se presentar谩 como un anexo en el pr贸ximo informe trimestral de Ecovyst.
Ecovyst Inc.電� George L. Vann, Jr.鞚� 牍勳瀽氚滌爜 韲挫鞚� 2025雲� 8鞗� 11鞚茧秬搿� 氤搓碃頃橁碃, 攵勲Μ 氚� 鞝勴櫂 瓿勳暯(Separation and Transition Agreement)鞐� 霐半澕 鞝滉车頃� 鞓堨爼鞚� 韲挫 臁瓣贝鞚� 瓿店皽頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 甑泊鞝侅澑 順勱笀 歆�旮� 頃鞚� 旮办灛霅橃柎 鞛堨姷雼堧嫟: 韱奠 雽�鞁� 歆�旮夒悩電� 2欤茧秳 旮夓棳 $15,000, 58欤�攵勳潣 韲挫旮夓棳 頃╆硠 $435,000, 2025雲� 氇╉憸 氤措剤鞀� $234,000 氚� 於旉皜 2025雲� 氇╉憸 氤措剤鞀れ潣 牍勲攵� $27,000, 靹标臣鞐� 霐半ジ 於旉皜 牍勲 氤措剤鞀� 臧�電レ劚 韽暔.
須岇偓電� 韲挫旮夓棳 旮瓣皠 霃欖晥 頇滌劚 歆侅洂 鞖旍湪搿� 瓯搓皶氤错棙 順滍儩鞚� 瓿勳啀 鞝滉车頃橁碃, 靹标臣 旮半皹 欤检嫕雼渼鞚� 牍勲攵勳澊 鞗愲灅 氩犾姢韺�(vesting) 雮犾旯岇 鞙犾霅橃柎 鞁れ爜鞐� 霐半澕 頇曥爼霅橂弰搿� 項堨毄頃╇媹雼�. 攵勲Μ 頃╈潣靹滊姅 Ecovyst鞚� 雼れ潓 攵勱赴 氤搓碃靹滌棎 觳秬靹滊搿� 鞝滌稖霅� 鞓堨爼鞛呺媹雼�.
Ecovyst Inc. a signal茅 le d茅part involontaire de George L. Vann, Jr., effectif au 11 ao没t 2025, et a divulgu茅 les modalit茅s de s茅paration pr茅vues dans un Accord de S茅paration et de Transition. Le dossier 茅num猫re des paiements en esp猫ces pr茅cis : deux semaines de salaire en lieu de pr茅avis de $15,000, 58 semaines d'indemnit茅 pour un montant de $435,000, une prime cible 2025 de $234,000 et une prime cible 2025 suppl茅mentaire au prorata de $27,000, avec la possibilit茅 d'une prime prorata suppl茅mentaire en fonction des performances r茅elles.
L'entreprise maintiendra les prestations sant茅 aux tarifs des employ茅s actifs pendant la p茅riode d'indemnisation et permettra qu'une portion prorata des unit茅s d'actions li茅es 脿 la performance reste en place et soit acquise selon les r茅sultats r茅els jusqu'aux dates d'acquisition initiales. L'accord de s茅paration sera d茅pos茅 en annexe du prochain rapport trimestriel d'Ecovyst.
Ecovyst Inc. meldete die unfreiwillige Trennung von George L. Vann, Jr., wirksam zum 11. August 2025, und legte die im Trennungs- und 脺bergangsvertrag vorgesehenen Bedingungen offen. Die Einreichung nennt konkrete Barauszahlungen: zwei Wochen Gehalt anstelle einer K眉ndigungsfrist von $15,000, 58 Wochen Abfindung in H枚he von $435,000, eine Zielbonuszahlung 2025 von $234,000 sowie einen zus盲tzlichen anteiligen Zielbonus 2025 von $27,000, mit der M枚glichkeit weiterer anteiliger Bonuszahlungen abh盲ngig von der tats盲chlichen Leistung.
Das Unternehmen wird die Krankenversicherungsleistungen w盲hrend des Abfindungszeitraums zu den S盲tzen aktiver Mitarbeiter fortf眉hren und gestattet, dass ein anteiliger Bestand leistungsabh盲ngiger Aktieneinheiten bestehen bleibt und anhand der tats盲chlichen Leistung bis zu den urspr眉nglichen Vesting-Terminen verdient wird. Die Trennungsvereinbarung wird als Anlage im bevorstehenden Quartalsbericht von Ecovyst eingereicht.
- Clear separation terms defined in writing reduce uncertainty about transitional costs and process
- Pro rata PSU treatment ties equity payout to actual performance periods rather than accelerating vesting
- Health benefits continuation preserves employee welfare during the severance period
- Involuntary departure of a named officer may indicate internal disruption; the filing does not explain the reason
- Cash cost of disclosed fixed payments totals $711,000, representing a one-time expense
Insights
TL;DR The company documents an orderly involuntary separation with defined compensation and benefits, preserving equity-based performance alignment.
The filing provides a clear separation framework that mitigates immediate governance uncertainty by specifying cash severance, continued benefits, and treatment of PSUs. The pro rata retention of performance stock units aligns former executive payout with actual performance rather than accelerating vesting, which can be governance-positive. The disclosure that a formal Separation Agreement will be filed increases transparency for investors.
TL;DR Severance and related payouts total set cash amounts and potential performance-based amounts, representing a one-time personnel cost.
The filing enumerates fixed cash components totaling $711,000 (two weeks pay, 58 weeks severance, 2025 target bonus and pro rata target bonus) before any additional performance-based bonus. Continued health benefits and pro rata PSU treatment may modestly extend compensation-related expense recognition. The disclosure lacks any commentary on budgetary impact or operational implications, so financial effect appears limited to personnel costs disclosed here.
Ecovyst Inc. ha comunicato la cessazione involontaria del rapporto di lavoro di George L. Vann, Jr., con effetto dall'11 agosto 2025, e ha reso noti i termini della separazione previsti dall'Accordo di Separazione e Transizione. La documentazione elenca pagamenti in contanti specifici: due settimane di retribuzione in luogo del preavviso di $15,000, 58 settimane di indennit脿 pari a $435,000, un bonus target 2025 di $234,000 e un ulteriore bonus 2025 pro rata di $27,000, con la possibilit脿 di un ulteriore bonus pro rata in base alle prestazioni effettive.
L'azienda manterr脿 i benefici sanitari ai tassi previsti per i dipendenti attivi per tutta la durata dell'indennit脿 e consentir脿 che una porzione pro rata delle unit脿 azionarie basate sulla performance rimanga valida e venga maturata in base alle performance effettive fino alle date di vesting originarie. L'Accordo di Separazione sar脿 allegato come exhibit al prossimo rapporto trimestrale di Ecovyst.
Ecovyst Inc. inform贸 la salida involuntaria de George L. Vann, Jr., con efecto el 11 de agosto de 2025, y detall贸 los t茅rminos de separaci贸n previstos en el Acuerdo de Separaci贸n y Transici贸n. La presentaci贸n enumera pagos en efectivo concretos: dos semanas de salario en lugar de preaviso de $15,000, 58 semanas de indemnizaci贸n por un total de $435,000, una prima objetivo 2025 de $234,000 y una prima adicional prorrateada 2025 de $27,000, con posibilidad de una prima prorrateada adicional seg煤n el desempe帽o real.
La compa帽铆a mantendr谩 los beneficios de salud a las tarifas de empleados activos durante el per铆odo de indemnizaci贸n y permitir谩 que una porci贸n prorrateada de las unidades de acciones vinculadas al rendimiento permanezca vigente y se devengue seg煤n el desempe帽o real hasta las fechas de consolidaci贸n originales. El Acuerdo de Separaci贸n se presentar谩 como un anexo en el pr贸ximo informe trimestral de Ecovyst.
Ecovyst Inc.電� George L. Vann, Jr.鞚� 牍勳瀽氚滌爜 韲挫鞚� 2025雲� 8鞗� 11鞚茧秬搿� 氤搓碃頃橁碃, 攵勲Μ 氚� 鞝勴櫂 瓿勳暯(Separation and Transition Agreement)鞐� 霐半澕 鞝滉车頃� 鞓堨爼鞚� 韲挫 臁瓣贝鞚� 瓿店皽頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 甑泊鞝侅澑 順勱笀 歆�旮� 頃鞚� 旮办灛霅橃柎 鞛堨姷雼堧嫟: 韱奠 雽�鞁� 歆�旮夒悩電� 2欤茧秳 旮夓棳 $15,000, 58欤�攵勳潣 韲挫旮夓棳 頃╆硠 $435,000, 2025雲� 氇╉憸 氤措剤鞀� $234,000 氚� 於旉皜 2025雲� 氇╉憸 氤措剤鞀れ潣 牍勲攵� $27,000, 靹标臣鞐� 霐半ジ 於旉皜 牍勲 氤措剤鞀� 臧�電レ劚 韽暔.
須岇偓電� 韲挫旮夓棳 旮瓣皠 霃欖晥 頇滌劚 歆侅洂 鞖旍湪搿� 瓯搓皶氤错棙 順滍儩鞚� 瓿勳啀 鞝滉车頃橁碃, 靹标臣 旮半皹 欤检嫕雼渼鞚� 牍勲攵勳澊 鞗愲灅 氩犾姢韺�(vesting) 雮犾旯岇 鞙犾霅橃柎 鞁れ爜鞐� 霐半澕 頇曥爼霅橂弰搿� 項堨毄頃╇媹雼�. 攵勲Μ 頃╈潣靹滊姅 Ecovyst鞚� 雼れ潓 攵勱赴 氤搓碃靹滌棎 觳秬靹滊搿� 鞝滌稖霅� 鞓堨爼鞛呺媹雼�.
Ecovyst Inc. a signal茅 le d茅part involontaire de George L. Vann, Jr., effectif au 11 ao没t 2025, et a divulgu茅 les modalit茅s de s茅paration pr茅vues dans un Accord de S茅paration et de Transition. Le dossier 茅num猫re des paiements en esp猫ces pr茅cis : deux semaines de salaire en lieu de pr茅avis de $15,000, 58 semaines d'indemnit茅 pour un montant de $435,000, une prime cible 2025 de $234,000 et une prime cible 2025 suppl茅mentaire au prorata de $27,000, avec la possibilit茅 d'une prime prorata suppl茅mentaire en fonction des performances r茅elles.
L'entreprise maintiendra les prestations sant茅 aux tarifs des employ茅s actifs pendant la p茅riode d'indemnisation et permettra qu'une portion prorata des unit茅s d'actions li茅es 脿 la performance reste en place et soit acquise selon les r茅sultats r茅els jusqu'aux dates d'acquisition initiales. L'accord de s茅paration sera d茅pos茅 en annexe du prochain rapport trimestriel d'Ecovyst.
Ecovyst Inc. meldete die unfreiwillige Trennung von George L. Vann, Jr., wirksam zum 11. August 2025, und legte die im Trennungs- und 脺bergangsvertrag vorgesehenen Bedingungen offen. Die Einreichung nennt konkrete Barauszahlungen: zwei Wochen Gehalt anstelle einer K眉ndigungsfrist von $15,000, 58 Wochen Abfindung in H枚he von $435,000, eine Zielbonuszahlung 2025 von $234,000 sowie einen zus盲tzlichen anteiligen Zielbonus 2025 von $27,000, mit der M枚glichkeit weiterer anteiliger Bonuszahlungen abh盲ngig von der tats盲chlichen Leistung.
Das Unternehmen wird die Krankenversicherungsleistungen w盲hrend des Abfindungszeitraums zu den S盲tzen aktiver Mitarbeiter fortf眉hren und gestattet, dass ein anteiliger Bestand leistungsabh盲ngiger Aktieneinheiten bestehen bleibt und anhand der tats盲chlichen Leistung bis zu den urspr眉nglichen Vesting-Terminen verdient wird. Die Trennungsvereinbarung wird als Anlage im bevorstehenden Quartalsbericht von Ecovyst eingereicht.
FAQ
What did Ecovyst (ECVT) disclose about George L. Vann Jr.'s departure?
How much severance will George L. Vann Jr. receive according to the filing?
Will Mr. Vann receive any performance-based equity after termination?
Does Ecovyst say why the separation occurred?
Will Ecovyst continue Mr. Vann's health benefits?
Where will the full Separation Agreement be available?
