Albemarle Corporation filed an 8-K with the SEC on August 21, 2026, disclosing the appointment of Max W. Hood as Chief Accounting Officer and principal accounting officer, effective August 24, 2026.

Key Highlights

  • New appointment: Max W. Hood, age 47, was appointed Chief Accounting Officer and will serve as principal accounting officer effective August 24, 2026.
  • Prior role: Hood most recently served as co-Chief Financial Officer of The ODP Corporation, a publicly traded provider of business services and workplace products and solutions.
  • Base salary: Annual base salary of $400,000.
  • Annual incentive: 2026 target bonus of 50% of eligible earnings, prorated based on the number of months employed in 2026.
  • Long-term incentive: Total target value of 70% of base salary under the Company's long-term incentive plan.
  • Sign-on grant: Restricted stock units with a value at the time of grant equal to $200,000, vesting in three equal increments on each of the first, second, and third anniversary of the grant date.

Albemarle's New Chief Accounting Officer: Background and Compensation Terms

According to the filing, the Board of Directors of Albemarle Corporation (NYSE:ALB) appointed Max W. Hood as Chief Accounting Officer on August 19, 2026, with the role effective August 24, 2026. Upon appointment, the filing states, Hood will assume the role of principal accounting officer for the company, which is headquartered in Charlotte, North Carolina.

The filing describes Hood's background at The ODP Corporation, where he joined in 2018 and progressed through roles including Vice President, Accounting and Treasury, then Chief Accounting Officer and Controller, before being named co-Chief Financial Officer in December 2024. According to the filing, in these roles "he led a broad range of finance functions, including accounting, tax, treasury, investor relations, internal audit, strategy, transformation, and mergers and acquisitions." Prior to ODP, the filing notes Hood held various finance and accounting leadership positions at General Electric Company and Deloitte.

The filing discloses that Hood's compensation package includes an annual base salary of $400,000, participation in the company's annual incentive plan with a 2026 target bonus of 50% of eligible earnings prorated for months employed, and participation in the long-term incentive plan with a total target value of 70% of base salary. He also receives a sign-on grant of restricted stock units valued at $200,000 at the time of grant, vesting equally over three years. The filing states there are no family relationships between Hood and any other director or executive officer requiring disclosure, and no arrangements with other persons pursuant to which he was appointed.

What Was Disclosed

Albemarle Corporation disclosed the appointment of Max W. Hood as Chief Accounting Officer and principal accounting officer, effective August 24, 2026, along with the material terms of his compensation and a summary of his professional background.