01—Abstract
Summary
Summary of the 8-K filed March 17, 2025. Cited figures are marked; the original filing is the authoritative source.
DuPont de Nemours, Inc. reported in an 8-K filed March 17, 2025 that Mr. Leland G.
Weaver, President of the Water & Protection segment, will leave the Company effective upon completion of the separation of its electronics business into an independent, publicly traded company (the "Intended Electronics Separation"). This is a Item 5.02 disclosure covering a departure of an officer and related compensatory arrangements. Until a successor is named, Mr. Weaver will serve as President of the Diversified Solutions businesses.
These include Shelter Solutions, Aramids, the retained Mobility & Materials businesses, and the former Industrial Solutions businesses of Printing & Packaging (including Spectrum Food & Industrial), Molykote®, and Vespel®. After the Intended Electronics Separation, he will work to ensure an orderly transition.
The filing states that Mr. Weaver's departure will be a separation from service without cause under the DuPont Senior Executive Severance Plan, which is incorporated by reference to Exhibit 10.4 to a Form 8-K filed June 3, 2019. For investors, the key points are the leadership change tied to the electronics separation and the interim assignment of the Diversified Solutions businesses.
02—Key points
Key Highlights
- Leland G. Weaver, President of the Water & Protection segment, will leave the Company upon consummation of the Intended Electronics Separation.
- Until a successor is named, Weaver will serve as President of the Diversified Solutions businesses.
- Diversified Solutions includes Shelter Solutions, Aramids, retained Mobility & Materials businesses, and former Industrial Solutions units Printing & Packaging (including Spectrum Food & Industrial), Molykote®, and Vespel®.
- Weaver will help ensure an orderly transition through the Intended Electronics Separation.
- The departure is classified as a separation from service without cause under the DuPont Senior Executive Severance Plan.
- The severance plan is incorporated by reference to Exhibit 10.4 to a Form 8-K filed June 3, 2019.
03—Questions
Frequently Asked Questions
Who is leaving DuPont and when?
Leland G. Weaver, President of the Water & Protection segment, will leave the Company effective upon consummation of the Intended Electronics Separation.
What is Weaver's role in the meantime?
Until a successor is named, Weaver will serve as President of the Diversified Solutions businesses, including Shelter Solutions, Aramids, the retained Mobility & Materials businesses, and the former Industrial Solutions businesses of Printing & Packaging, Molykote®, and Vespel®.
Is this departure voluntary or involuntary?
The filing states that the departure will constitute a separation from service without cause under the DuPont Senior Executive Severance Plan.
What is the Intended Electronics Separation?
The filing describes it as the separation of the Company's electronics business into an independent, publicly traded company.
What happens to Weaver after the separation?
After the Intended Electronics Separation, Weaver will work to ensure an orderly transition through that separation, after which his departure takes effect.
04—Continue