Univar Inc. (NYSE:UNVR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
(b) Mr. Stephen W. Shapiro resigned effective August 1, 2017. Mr. Shapiro's resignation was not the result of any dispute or disagreement with Univar Inc. (the "Registrant") or the board of directors (the "Board") on any matter relating to the operations, policies or practices of the Registrant.
(d) On August 2, 2017, the Board of the Registrant appointed Rhonda Germany Ballintyn as a member of the Board. Ms. Germany Ballintyn will be a Class III member of the Board and a member of the Board's Audit and Nominating and Corporate Governance Committee. This appointment replaces the seat held by Stephen W. Shapiro, who resigned effective August 1. The Board determined, after considering all of the relevant facts and circumstance, that Ms. Germany Ballintyn is "independent" as defined under the New York Stock Exchange listing standards. The Registrant's Board consists of eleven directors, and satisfies the NYSE listing requirement that a majority of the Board is independent. No arrangements exist between the Registrant and Germany Ballintyn or any other person to which they were selected as directors. There are no transactions to which the Registrant or any of its subsidiaries is a party in which Germany Ballintyn has a material interest that is subject to disclosure under Item 404(a) of Regulation S-K. Ms. Germany Ballintyn will participate in the standard director compensation program for the Registrant.
About Univar Inc. (NYSE:UNVR)
Univar Inc. is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region. Its USA segment offers commodity and specialty chemicals to manufacturing and industrial production sectors in the United States. Its Canadian operations are divided into approximately two regions: Eastern Canada, where it focuses on customer end markets, including cleaning and sanitization, chemical manufacturing, personal care and pharmaceutical, and Western Canada, where it focuses on forestry, chemical manufacturing, mining, and oil and gas markets, such as midstream gas and oil sands processing, as well as refining. Its EMEA segment caters to pharmaceutical products and ingredients, food, coating and adhesives, and personal care industries.
