UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
As previously reported in Westlake Corporation’s (the “Company” or “Westlake”) periodic filings under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company and other manufacturers of polyvinyl chloride (PVC) pipe and fittings have been named as defendants in ten putative class action civil lawsuits filed in Illinois between August 2024 and June 2025 (the “PVC Pipe Antitrust Litigation”), which generally allege that PVC pipe and fittings manufacturers conspired with each other and an industry publication (OPIS) to fix, raise, maintain and stabilize the prices of PVC pipe and fittings in the United States, resulting in the plaintiffs paying artificially high prices for PVC pipe and fittings. Each of the lawsuits is filed on behalf of the respective named plaintiff or plaintiffs and a putative class comprised of either direct purchasers (the “DPPs”) or indirect purchasers of PVC pipe and fittings in the United States. On March 26, 2026, the Company and the DPPs entered into a settlement agreement (the “Settlement Agreement”) relating to the PVC Pipe Antitrust Litigation. The claims by the indirect purchaser plaintiffs in the PVC Pipe Antitrust Litigation remain pending.
On April 13, 2026, the DPPs filed a motion for preliminary approval of the Settlement Agreement. Subject to the satisfaction of certain conditions, including receipt of preliminary and final court approval of the settlement, the Company has agreed to pay $67 million to the DPP settlement class and the DPP settlement class has agreed to release Westlake from certain claims relating to the PVC Pipe Antitrust Litigation. The Settlement Agreement provides that the settlement shall not be deemed or construed to be an admission of liability or wrongdoing by any party.
Cautionary Statement About Forward-Looking Statements
The statements in this Current Report on Form 8-K that are not historical facts, including statements regarding the terms, conditions and approval of the settlement, are forward-looking statements within the meaning of the U.S. securities laws. These forward-looking statements are subject to significant risks and uncertainties, many of which are beyond the Company’s control. Actual results could differ materially, based on factors including, but not limited to, judicial determinations and actions of DPP settlement class members. For more detailed information about the factors that could cause actual results to differ materially, please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 26, 2026.
SIGNATURE
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.
| WESTLAKE CORPORATION | ||||||
| Date: April 14, 2026 |
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By: | /s/ L. BENJAMIN EDERINGTON | |||
| L. Benjamin Ederington Executive Vice President, Legal and External Affairs | ||||||