LYONDELLBASELL INDUSTRIES N.V. (NYSE: LYB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 29, 2018, the Board of Directors (the “Board”) of LyondellBasell Industries N.V. (the “Company”) appointed Michael S. Hanley to serve as a director effective as of, and to fill the vacancy created upon, the previously announced resignation of director Robert G. Gwin on November 30, 2018. Mr. Hanley’s term will expire at the Annual General Meeting of Shareholders in 2019, and he will serve on the Audit Committee and the Health, Safety, Environmental and Operations Committee of the Board.
There are no arrangements or understandings to which Mr.Hanley was appointed to the Board, and there are no transactions between Mr.Hanley and the Company since the beginning of the Company’s last fiscal year or any currently proposed transaction, or series of similar transactions, in which the amount involved exceeds $120,000.
Mr. Hanley will be entitled to receive compensation for his Board and committee service, including pro rata cash and equity compensation for 2018 service, in accordance with the Company’s standard compensation arrangements fornon-employeedirectors, which are described under the caption “Compensation of Non-Executive Members of the Board” in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April11, 2018, as may be adjusted by the Board from time to time.
A copy of the press release announcing the appointment of Mr. Hanley and other matters is furnished as Exhibit 99.1.
Item 5.02 Financial Statements and Exhibits
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99.1 |
Press Release dated November 30, 2018
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LyondellBasell Industries N.V. ExhibitEX-99.1 2 a11-29x18_8xkexhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1FOR IMMEDIATE RELEASEHOUSTON and LONDON,…To view the full exhibit click here
