STEPAN CO reported 2 exit or restructuring plans on Form 8-K under Item 2.05, 1 of 2 stating how many employees or positions are affected. Each fact below is the filing's own sentence, quoted and linked. No WARN notice under this company's name is on file in the states covered here.
SEC filings: exit or restructuring (Item 2.05)
STEPAN CO (CIK 94049) reported 2 exit or restructuring plans to the SEC on Form 8-K under Item 2.05. The sentences below are quoted from the filings as written.
Form 8-K filed 2026-07-29
Employees affected
On July 28, 2026, the Board of Directors (the "Board") of the Company approved a plan to reduce the Company's global salaried workforce by around 100 roles during the third quarter of 2026 as part of Project Catalyst, the Company's previously announced comprehensive operational and efficiency initiative.
Expected charges
As previously disclosed, the Company anticipates recognizing full-year restructuring charges in the range of $75.0 million to $80.0 million in connection with Project Catalyst.
Form 8-K filed 2026-02-23
Locations
As part of Project Catalyst, the Company will close its Fieldsboro, New Jersey site and decommission select assets at its Elwood (Millsdale), Illinois and Stalybridge, United Kingdom facilities, by mid-2026.
Expected charges
The Company anticipates recognizing restructuring charges in the range of $70 to $80 million in 2026, of which approximately $52 to $62 million is expected to be recognized in the three months ending March 31, 2026.
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Sources
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Public companies must also report to the SEC, on Form 8-K under Item 2.05, when they commit to an exit or restructuring plan that will cost them material charges, which is how most large layoffs and closures by listed companies are disclosed. Those filings are national, so they cover companies in every state. Each sentence shown from one is quoted exactly and linked to the filing; where a filing does not state a figure, none is shown.
Where this comes from
Employers covered by the federal WARN Act, and by the stricter laws some states add, must give written notice before a mass layoff or a site closure. The state labor department publishes those notices. Every row here is one of them, taken from that state's own published file and linked to it, so each figure can be checked at the source.
A notice states the employer, the location, the number of employees affected, and when the layoff or closure takes effect. It does not state a reason, and neither does this page. Where a company also appears in SEC filings under the same name and in the same state, its recorded fundraising is shown alongside, as a matter of record rather than as an explanation. New Jersey publishes the month a notice was posted, not the day, so New Jersey notices show a month.
More on STEPAN CO
Related
- Kaiser: 16 WARN notices, 147 employees, Sep 2026 layoff notice within 90 days (2026-09-21)
- Amazon: 10 WARN notices, 5,502 employees, Aug 2026 layoff notice within 90 days (2026-08-31)
Cite this page
https://mentionfox.com/layoffs/stepan