Stratrix
On the Record · Stepan

Stepan layoffs, on the record

Every job cut, severance charge and restructuring Stepan reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,389 to 2,328.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 20232,389At December 31, 2023
10-K for 20242,396December 31, 2024
10-K for 20252,328December 31, 2025

Job cuts, severance and restructuring

  1. Our summaryCompany recorded a restructuring reserve for a voluntary early retirement offering to eligible employees. third quarter of 2023 · Affected: eligible employees · Cost: $5.5 million restructuring reserve

    Word for word“This $11.7 million year-over-year increase was primarily attributable to a $5.5 million restructuring reserve, recorded in the third quarter of 2023, associated with the Company's voluntary early retirement offering to eligible employees and $2.9 million of restructuring expense, associated with workforce productivity measures, recognized in the fourth quarter of 2023.” 10-K for 2023

  2. Our summaryCompany recorded decommissioning costs associated with its Canadian plant closure. during 2023 and 2022 · Cost: $0.4 million and $0.3 million of decommissioning costs

    Word for word“In addition, the Company recorded $0.4 million and $0.3 million of decommissioning costs associated with the Company's Canadian plant closure during 2023 and 2022, respectively.” 10-K for 2023

  3. Our summaryThe company paid severance expenses related to the departure of its former President and Chief Executive Officer. During 2024 · Affected: former President and Chief Executive Officer · Cost: $ 2,820,000 in severance expenses

    Word for word“During 2024, the Company incurred $ 2,820,000 in severance expenses related to the departure of the Company's former President and Chief Executive Officer.” 10-K for 2024
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedSeverance costs
2024-12-31$2.8 million
2025-12-31$2.8 million

Stepan filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Stepan’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.