Huntsman Corporation (NYSE:HUN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February26, 2019, the Board of Directors (the Board) of Huntsman Corporation (the Company), acted to increase the size of the Board from seven directors to eight directors. On the same date, the Board appointed Vice Admiral Jan E. Tighe (U.S. Navy, retired) to the Board as a director. Vice AdmiralTighe, age 56, was appointed to fill the vacancy created by the expansion of the Board and will serve for a term that expires at the Companys 2019 Annual Meeting of Stockholders.
The Board has determined, after applying the Companys independence criteria, that Vice AdmiralTighe is an independent director. Vice AdmiralTighe was not selected as a director to any arrangements or understandings with the Company or with any other person andthere are no transactions between Vice AdmiralTighe and the Company that would require disclosure under Item 404(a)of Regulation S-K.
Vice AdmiralTighe will be compensated for her service on the Board on the same basis as each of the Companys other non-employee directors. Annual compensation for non-employee directors is comprised of cash and stock-based equity compensation. The cash compensation consists of an annual retainer and supplemental retainers for the chairs and members of Board committees. Stock based equity compensation consists of awards granted under the Huntsman Corporation 2016 Huntsman Stock Incentive Plan in the form of stock or stock units, at the election of each director. Non-employee directors may also participate in the Huntsman Outside Director Elective Deferral Plan and the Huntsman Director Matching Gift Program.
A more detailed description of compensation of directors of the Company was previously reported in the Companys Definitive Proxy Statement filed with the Securities and Exchange Commission on March22, 2018, and is incorporated herein by reference.
Item 5.02. Regulation FD Disclosure
On February27, 2019, in connection with the appointment of Vice AdmiralTighe as a director of the Company, the Company issued a press release, a copy of which is attached as Exhibit99.1 to this Form8-K.
Item 5.02. Financial Statements and Exhibits.
(d)Exhibits
Huntsman CORP Exhibit
EX-99.1 2 a19-5468_1ex99d1.htm EX-99.1 Exhibit 99.1 News Release FOR IMMEDIATE RELEASE Media: Investor Relations: February 27,…
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About Huntsman Corporation (NYSE:HUN)
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. Its Polyurethanes, Performance Products, Advanced Materials and Textile Effects segments produce differentiated organic chemical products, and its Pigments and Additives segment produces inorganic chemical products. Its products consist of a range of chemicals and formulations, which the Company markets to consumer and industrial customers. Its products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, electronics, medical, packaging, paints and coatings, power generation, synthetic fiber, textile chemicals and dye industries.