{"url_path":"/sec/ash/8-k/2026-05-18/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1674862/0001193125-26-228980-index.html","accession_number":"0001193125-26-228980","cik":"0001674862","ticker":"ASH","issuer_name":"ASHLAND INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1674862/0001193125-26-228980-index.html","primary_entity_key":"0001674862","primary_entity_name":"ASHLAND INC."},"word_count":265,"has_tables":true,"body_markdown":"## Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nOn May 15, 2026, the Board of Directors (the “Board”) of Ashland Inc. (the “Company”) increased the size of the Board from eight to nine directors and appointed Mr. Bertrand Loy to serve as an independent director on the Board, effective the same day. Mr. Loy was also named to the Audit Committee as well as the Governance and Nominating Committee of the Board, with both appointments also taking effect on May 15, 2026.\n\n \n\nMr. Loy will be entitled to participate in the compensation program for the Company’s independent directors which is described in the Director Compensation section of the Company’s Proxy Statement for the 2026 Annual Meeting of Stockholders on file with the Securities and Exchange Commission. Under the non-employee director compensation program, Mr. Loy will receive an annual grant of restricted stock units, prorated from the effective date of his appointment until the next annual award in January 2027. Mr. Loy is also expected to be included as a director nominee at the Company's 2027 Annual Meeting of Stockholders.\n\n \n\nThere are no arrangements or understandings between Mr. Loy and any other persons pursuant to which he was selected as a director, and there are no transactions involving Mr. Loy that would require disclosure under Item 404(a) of Regulation S-K.\n\n \n\nA copy of the News Release issued on May 18, 2026, announcing the election of Bertrand Loy to the Board is attached to this Form 8-K as Exhibit 99.1 and incorporated by reference herein."}