AdvanSix Inc. 8-K

What Happened
AdvanSix Inc. announced that its Board has appointed Patrick C. Day as Senior Vice President and Chief Financial Officer, effective April 27, 2026. Mr. Day (age 47) will succeed Christopher Gramm, who has been serving as Interim CFO and will return to his prior role as Vice President of Corporate Finance and Strategic Financial Planning and Analysis effective the same date. Mr. Day joins AdvanSix from FMC Corporation, where he has served as Vice President, Financial Planning & Analysis and Investor Relations since January 2024 and held senior finance roles since 2013.

Key Details

• Effective date: April 27, 2026.
• Compensation: $530,000 annual base salary.
• Short-term incentive: Target opportunity of 70% of base salary (prorated for 2026).
• Equity awards: Initial annual long-term award expected to be $1,200,000 (granted in 2027 cycle); a sign‑on RSU grant of $900,000 will be awarded after start date to compensate for forfeited awards from his prior employer.
• Sign-on RSU vesting: One-half vests on the third anniversary; the other half vests in three equal annual installments on the first three anniversaries of the grant date.
• Background: Prior roles include multiple finance and transformation positions at FMC, Deloitte Consulting, and United Technologies.
• Related-party disclosure: No family relationships or reportable related-party transactions were disclosed.

Why It Matters
This is a material executive leadership change in AdvanSix’s finance organization: the company is replacing an interim CFO with an experienced finance executive who has FP&A and investor relations experience. The compensation package emphasizes equity, aligning the new CFO’s incentives with longer-term performance. For investors, the filing signals continuity (the interim CFO returns to his prior role) and a planned succession in financial leadership; investors may watch future filings and earnings calls for any strategic or reporting impacts tied to the new CFO’s priorities.