Form 8-K Covista Inc. For: Jul 28
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Common Stock $0.01 Par Value | CVSA | NYSE Texas |
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers |
(d) The Covista Inc. (“Covista”) Board of Directors (the “Board”) has appointed Ms. Emily Chiu and Ms. Leslie Storms as independent members of Covista’s Board effective August 17, 2026. Ms. Chiu and Ms. Storms will stand for re-election at Covista’s 2026 annual meeting of stockholders. The Board anticipates naming Ms. Chiu and Ms. Storms to serve on one or more committees of the Board, but their committee assignments have not been determined at the time of this Form 8-K.
Ms. Chiu and Ms. Storms will receive compensation and benefits from Covista for service on the Board on the same terms as other non-employee directors. This compensation includes a prorated grant of restricted stock units with a grant date fair value of approximately $32,986.00 on August 17, 2026. Ms. Chiu and Ms. Storms will also receive an equity retainer grant of restricted stock units with a grant date value of $150,000.00 immediately following the annual meeting of stockholders and annual cash compensation of $85,000.00 paid quarterly.
There are no arrangements or understandings between Ms. Chiu or any other person pursuant to which she was appointed as a director of Covista.
There are no arrangements or understandings between Ms. Storms or any other person pursuant to which she was appointed as a director of Covista.
There are no transactions between either Ms. Chiu and Covista or Ms. Storms and Covista that would be reportable under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933.
In connection with the foregoing appointments, the Board approved an increase in the size of the Board from ten to twelve members effective August 17, 2026.
A copy of the press release announcing the appointment of Ms. Chiu and Ms. Storms to the Covista Board is attached to this Current Report on Form 8-K as Exhibit 99.
Item 9.01 Financial Statements and Exhibits
99.1 | | |
104 | Cover Page Interactive Data File (formatted in Inline XBRL and included as Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Covista Inc. | ||
By: | /s/ Robert J. Phelan | |
Robert J. Phelan | ||
Senior Vice President and Chief Financial Officer (Principal Financial Officer) | ||
Date: July 28, 2026
ATTACHMENTS / EXHIBITS
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