INGEVITY CORPORATION (NYSE:NGVT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 9.01. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On February 20, 2019, the Board of Directors (the “Board”) of Ingevity Corporation (the “Company”) approved, in each instance upon the recommendation of the Nominating and Governance Committee (the “N&G Committee”) of the Company, (i) an increase in the size of the Board by two (2) directors and (ii) the election of Ms. Diane H. Gulyas and Ms. Karen G. Narwold to fill the vacancies created by the expansion of the Board.
The election of Ms. Narwold is effective as of February 20, 2019 and the election of Ms. Gulyas is effective as of February 22, 2019. Each will serve until the 2019 Annual Meeting of Stockholders and until their respective successor shall have been duly elected and qualified. Ms. Gulyas will serve on the Company’s Compensation Committee and Ms. Narwold will serve on the N&G Committee.
There are no arrangements or understandings between either Ms. Gulyas or Ms. Narwold and any other person to which either Ms. Gulyas or Ms. Narwold were elected as directors, nor have there been any transactions between either Ms. Gulyas or Ms. Narwold and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
As a director, Ms. Gulyas and Ms. Narwold will each receive compensation in accordance with the Company’s non-employee director compensation practices described under the “Director Compensation” section of the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 12, 2018.
A copy of the press release announcing the appointment of Ms. Gulyas and Ms. Narwold to the Board is attached as Exhibit 99.1 to this current report on Form 8-K and incorporated herein.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
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Exhibit No. |
Description of Exhibit |
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Press release dated February 25, 2019. |
Ingevity Corp Exhibit
EX-99.1 2 ex99102252019.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 Ingevity Corporation5255 Virginia AvenueNorth Charleston,…
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About INGEVITY CORPORATION (NYSE:NGVT)
Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The Company is also a manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company operates through two segments: Performance Materials and Performance Chemicals. The Performance Materials segment primarily produces automotive carbon products used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Performance Chemicals segment develops, manufactures and sells a range of specialty chemicals primarily derived from co-products of the Kraft pulping process. Its products are used in a range of applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks and automotive components that reduce gasoline vapor emissions.
