Huntsman Corporation (HUN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers.
On November10, 2016, Huntsman Corporation (the Company) announced
that J. Kimo Esplin, Executive Vice President and Chief Financial
Officer, will be taking on different responsibilities with the
Company as of January1, 2017, and that Sean Douglas has been
appointed Executive Vice President and Chief Financial Officer
effective that same date.
Mr.Douglas, 52, joined the Company in 1990 and has served in
numerous roles, most recently Vice President, Corporate
Development and Treasurer. From 2002 to December2009, Mr.Douglas
served as Vice President and Treasurer. From December2009 until
July2012, he served as Vice President, Corporate Development.
Mr.Douglas left the Company in July2012 to serve as a volunteer
representative of his church in South America and rejoined the
Company in July2015 as Vice President, Corporate Development.
There was no arrangement or understanding between Mr.Douglas and
any other person to which Mr.Douglas was appointed Chief
Financial Officer of the Company. There are no transactions in
which Mr.Douglas has an interest requiring disclosure under Item
404(a)of Regulation S-K.
As Executive Vice President and Chief Financial Officer,
Mr.Douglas will be eligible to participate in the Companys
benefit plans and continue to be eligible to receive payments and
benefits upon certain severance events through the Companys
Executive Severance Plan. A description of the Executive
Severance Plan is contained in the Companys Definitive Proxy
Statement filed with the Securities and Exchange Commission on
Mr.Esplin, 54, served as Chief Financial Officer of the Company
for 17 years. In his new role as Executive Vice President,
Strategy and Investment, he will focus his full time efforts on
executing the planned spinoff of the Pigments Additives and
Textile Effects divisions, working with strategic opportunities
for the Company and its other operating divisions, and
representing the Company with shareholders and global partners.
Item 7.01Regulation FD.
In connection with the change in leadership described in Item
5.02 above, on November11, 2016, the Company issued a press
release. The press release is attached herewith as Exhibit99.1
and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
Press release dated November11, 2016.
About Huntsman Corporation (HUN)