Albemarle Corporation
Albemarle Corporation Increases Authorized Shares and Holds Annual Meeting
Summary
On May 7, 2024, Albemarle Corporation held its 2024 Annual Meeting of Shareholders, where shareholders approved a Charter Amendment to increase the number of authorized shares of common stock from 150,000,000 to 275,000,000. The amendment became effective on May 10, 2024. Additionally, shareholders elected directors and approved the compensation of named executive officers. Albemarle Corporation also ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2024.
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About Albemarle Corporation
Albemarle Corporation is a global leader in the chemical manufacturing industry, specializing in the production of lithium, bromine, and catalysts. As a significant player in the lithium market, Albemarle is integral to the rapidly growing electric vehicle (EV) sector, owing to lithium's essential role in battery production. The company's operations extend across diverse applications, from energy storage solutions to petroleum refining and the pharmaceuticals industry. By providing advanced materials and solutions, Albemarle plays a crucial role in enabling cleaner energy technologies and sustainable industrial practices. Headquartered in Charlotte, North Carolina, Albemarle operates on a global scale, with production facilities and research centers strategically located around the world. The company's commitment to innovation and sustainability ensures its continuous impact on emerging technologies, making it a crucial stakeholder in the transition towards more sustainable energy and advanced industrial processes. Albemarle's market significance is underscored by its strategic partnerships and global supply chains that support some of the most dynamic and essential sectors in today's economy.
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