Libbey Inc. (NYSEMKT:LBY) 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 Arrangement of Certain Officers.
On January 7, 2019, Carlos V. Duno advised the Board of Directors (the “Board”) of Libbey Inc. (the “Company”) that he has decided that he will not stand for reelection to the Board at the Company’s 2019 Annual Meeting of Shareholders. On January 10, 2019, the Board determined that Class II of the Board, of which Mr. Duno currently is a member, will be reduced from three (3) to two (2) and the Board will be reduced from eight (8) to seven (7) directors immediately prior to the Company’s 2019 Annual Meeting of Shareholders.
About Libbey Inc. (NYSEMKT:LBY)
Libbey Inc. is a manufacturer and marketer of glass tableware products. The Company’s segments include U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA), and Other. The U.S. & Canada segment includes the sales of manufactured and sourced glass tableware and sourced ceramic dinnerware, metal tableware, hollowware and serveware having an end market destination in the United States and Canada. The Latin America segment includes primarily the sales of manufactured and sourced glass tableware having an end market destination in Latin America, including glass products for original equipment manufacturers (OEMs) that have an end market destination outside of Latin America. The EMEA segment includes primarily the sales of manufactured and sourced glass tableware having an end market destination in EMEA. The Other segment includes primarily the sales of manufactured and sourced glass tableware having an end market destination in Asia Pacific.