INNOSPEC INC. 8-K

What Happened
Innospec Inc. announced that, effective June 2, 2026, its Board increased from seven to eight directors and appointed Shelley Bausch to serve as a Class II director beginning July 1, 2026. Ms. Bausch will also join the Company’s Audit Committee and will serve until the 2027 annual meeting of stockholders or until a successor is elected.

Key Details

• Board size increased from 7 to 8 effective June 2, 2026.
• Ms. Bausch’s term begins July 1, 2026 and runs through the 2027 annual meeting (or until her successor qualifies).
• Director cash compensation: $100,000 annual retainer (paid quarterly) plus $5,000 annual Audit Committee retainer (paid quarterly).
• Equity: eligible for annual long-term incentive award with an expected grant-date value of $125,000 (Feb. awards historically issued as RSUs vesting in three years).
• Additional fee: up to $2,000 per day for extra days worked at the CEO’s specific request.
• No arrangement or related-party transaction exists requiring disclosure under Item 404(a) of Regulation S‑K.

Why It Matters
This filing affects Innospec’s governance by expanding the Board and adding an Audit Committee member, which may influence oversight of financial reporting and compliance. For investors, the item signals a change in board composition and discloses the expected director compensation (cash and equity), which has modest implications for corporate expenses and potential equity dilution over time.