PPG INDUSTRIES, INC. (NYSE:PPG) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Inc. (the Company) elected Vincent J. Morales as Senior Vice
President, Finance and Chief Financial Officer, effective March
1, 2017. Biographical information for Mr. Morales is included in
the press release attached hereto. In connection with Mr.
Moraless appointment, effective March 1, 2017, Mr. Moraless
monthly salary will be increased to $41,667 and he will be
eligible for a target cash bonus under the Incentive Compensation
Plan of $450,000. In February 2017, Mr. Morales will receive a
grant of stock options, restricted stock units and total
shareholder return contingent shares with an aggregate value of
$800,000 at the time of grant.
President and Chief Financial Officer of the Company, informed
the Company of his intention to retire effective March 1, 2017.
announcing Mr. Moraless appointment and Mr. Sklarskys retirement.
A copy of this press release is attached hereto as Exhibit 99 and
is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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this Report.
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Exhibit Number
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Description
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Press release of PPG Industries, Inc. dated January 19,
2017. |
About PPG INDUSTRIES, INC. (NYSE:PPG)
PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, and specialty coatings and materials businesses. Industrial, automotive OEM, packaging coatings, and specialty coatings and materials products are formulated specifically for the customers’ needs and application methods. The Glass segment consists of the flat glass and fiberglass businesses. The Company’s brands include SIKKENS, PPG PITTSBURGH PAINTS, MULCO, FLOOD, LIQUID NAILS, SICO, CIL, RENNER, TAUBMANS, WHITE KNIGHT and BRISTOL. PPG INDUSTRIES, INC. (NYSE:PPG) Recent Trading Information
PPG INDUSTRIES, INC. (NYSE:PPG) closed its last trading session up +1.33 at 98.83 with 3,378,025 shares trading hands.