On June 21, 2019, Charles Shaver notified the board of directors (the “Board of Directors”) of Axalta Coating Systems Ltd. (the “Company”) of his resignation as the Chairman and as a member of the Board of Directors to focus on other professional commitments, effective June 30, 2019. Mr. Shaver had no disagreements with the Company on any matter relating to the Company’s operations, policies or practices. The Board of Directors has appointed current Independent Presiding Director Mark Garrett as its new Chairman, effective June 30, 2019.

Item 7.01. Regulation FD Disclosure.

On June 24, 2019, the Company issued a press release announcing the changes on the Board of Directors as described in Item 5.02 above. A copy of the Company’s press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Axalta Coating Systems Ltd. Exhibit
EX-99.1 2 a20196248-kxexhibit991.htm EXHIBIT 99.1 Exhibit   Exhibit 99.1 News Release Axalta Coating SystemsTwo Commerce Square2001 Market StreetSuite 3600Philadelphia,…
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About AXALTA COATING SYSTEMS LTD. (NYSE:AXTA)

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base. The Company, through its Transportation Coatings segment, provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles. It develops, manufactures and supplies liquid and powder coatings for a number of applications in the industrial end market. It develops, markets and supplies a portfolio of coatings systems and color matching technologies. It offers waterborne and solventborne products and systems used by the global automotive repair industry to refinish damaged vehicles. Its brands include Voltatex, Alesta, Nap-Gard, Abcite and Imron.