Celanese CORP 8-K filings

Celanese Corporation has amended its credit agreements to temporarily waive prepayment clauses, increase the consolidated net leverage ratio, and adjust provisions related to qualifying dispositions.

Celanese Corporation appoints Scott Sutton to its Board of Directors and establishes a Finance and Business Review Committee to enhance financial oversight and strategic initiatives.

Celanese Corporation has announced the appointment of Todd Elliott as Senior Vice President of Engineered Materials, effective February 3, 2025, succeeding Tom Kelly.

Celanese Corporation has appointed Christopher Kuehn to its Board of Directors, effective January 1, 2025, increasing the board size to 12 members.

Celanese Corporation has amended its Executive Severance Benefits Plan, reducing severance payouts for executive officers and renaming it the Designated Roles Member Severance Benefits Plan, effective January 1, 2025.

Celanese Corporation has announced a leadership transition, with Scott Richardson appointed as CEO and Edward Galante as Board Chair, effective January 1, 2025.

Celanese Corporation reported third-quarter earnings impacted by significant demand deterioration, leading to cost-cutting measures and a substantial dividend reduction.

Celanese Corporation reported lower-than-expected third-quarter earnings due to persistent demand weakness and announced a significant dividend reduction and cost-cutting initiatives.

Celanese Corporation has entered into a $1 billion term loan credit agreement and amended its existing credit agreements to improve financial flexibility.

Celanese Corporation has elected Bruce Chinn to its Board of Directors, increasing the board size to eleven members, effective September 15, 2024.

Celanese Corporation's second quarter 2024 results show a sequential improvement in earnings, driven by cost-cutting measures and strong performance in Engineered Materials, but were hampered by significant supply chain disruptions and weak demand in key markets.

Celanese Corporation reported a 2% sequential increase in net sales for Q2 2024, despite facing significant external headwinds including supplier outages and weak demand.

Celanese Corporation's shareholders approved an amendment to the company's charter to exculpate certain officers from liability and elected ten directors at the 2024 Annual Meeting.

Celanese Corporation reported first quarter 2024 adjusted earnings of $2.08 per share, demonstrating resilience through controllable actions despite a lackluster macroeconomic environment.

Celanese Corporation reported a 2% sequential increase in net sales to $2.6 billion for the first quarter of 2024, with adjusted earnings per share of $2.08.

William M. Brown will not seek re-election to the Celanese Corporation Board of Directors due to his new role as CEO of 3M Company.

Celanese Corporation announced the planned closure of its Mechelen, Belgium facility to optimize production costs, incurring estimated expenses of $60-75 million, excluding employee termination costs.

Celanese Corporation has appointed Timothy Go to its Board of Directors, increasing the board size to twelve members.

Celanese Corporation reported record free cash flow for both the fourth quarter and full year 2023, despite facing significant headwinds from demand downturns and pricing pressures.

Celanese Corporation announced its full year and fourth quarter 2023 results, highlighting record cash generation and significant debt reduction amidst a challenging economic environment.

Celanese Corporation has amended its credit agreements, increasing the allowable leverage ratio and expanding debt capacity for foreign subsidiaries.

Jean S. Blackwell will retire from the Celanese Corporation Board of Directors prior to the 2024 Annual Meeting of Shareholders after more than 10 years of service.