OLIN CORPORATION (NYSE:OLN) 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 of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 15, 2019, Olin Corporation (Registrant) issued a press release in which Registrant announced the promotion of James E. Varilek, 60, Executive Vice President and President, Chlor Alkali Vinyls and Services, to Executive Vice President and Chief Operating Officer of Registrant, effective April 1, 2019.
Mr. Varilek has served as Executive Vice President and President, Chlor Alkali Vinyls and Services since October 5, 2015, when he joined Registrant in connection with Registrant’s acquisition of The Dow Chemical Company’s, now known as DowDupont Inc. (Dow), U.S. chlor alkali and vinyl, global chlorinated organics and global epoxy business. Mr. Varilek’s career began at Dow in 1982 and from February 2006 to November 2008, he was Vice President of Global Supply Chain; from November 2008 to December 2010, he was Vice President for Business Services, Advanced Materials Division; from December 2010 to November 2013, he was Business Vice President for the Dow Services Business, adding Vice President for Procurement in July 2013; in November 2013, Mr. Varilek was named President of Dow’s U.S. Chlor Alkali& Vinyl Business and in March 2015, he assumed additional responsibilities as Chief Operating Officer of Dow Chlorine Products.
In connection with his promotion to Executive Vice President and Chief Operating Officer, Mr. Varilek’s salary will be increased to $625,000. In addition, Mr. Varilek will receive 5,000 shares of restricted stock vesting on April 1, 2022.
Attached as Exhibit 99.1, and incorporated herein by reference, is a copy of Registrant’s press release, dated March 15, 2019, announcing Mr. Varilek’s promotion.
Item 9.01.Financial Statements and Exhibits.
OLIN CORP Exhibit
EX-99.1 2 ex991varilekcoopr.htm EXHIBIT 99.1 VARILEK COO PROMOTION PR Exhibit Exhibit 99.1Investor Contacts: Larry P. Kromidas Logan L. Bonacorsi (314) 480-1452 (314) 719-1755 [email protected] [email protected] News Olin Corporation,…
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About OLIN CORPORATION (NYSE:OLN)
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products, such as converted epoxy resins and additives. The Epoxy segment serves an array of applications, including wind energy, electrical laminates and consumer goods. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
