Eastman Chemical Co 8-K, filed Feb 7, 2023
Eastman Chemical Co (EMN)
About this 8-K
Eastman Chemical Co filed this 8-K on February 7, 2023, reporting on events of February 3, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On February 3, 2023, the Board of Directors of Eastman Chemical Company (the “Company”) elected Linnie M. Haynesworth as a director to serve until the Company’s 2023 Annual Meeting of Stockholders. She has been appointed to serve as a member of the Audit, Finance, and Environmental, Safety and Sustainability Committees of the Board of Directors. Ms. Haynesworth will receive non-employee director compensation under the standard arrangements and agreements, which include cash compensation, equity awards, and an indemnification agreement, which are further described in the Company’s 2022 Proxy Statement filed with the Securities and Exchange Commission on March 23, 2022.
There are no arrangements or understandings between Ms. Haynesworth and any other persons pursuant to which she was elected as a director. Ms. Haynesworth does not have any family relationships with any of the Company’s directors or executive officers. There are no transactions and no proposed transactions between Ms. Haynesworth and the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On February 6, 2023, the Company issued a press release announcing the change to the Board discussed in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K
Item 9.01 (d) Exhibits
Exhibit 99.1 is furnished pursuant to Item 9.01(d).
| 99.1 | Press release announcing election of Linnie M. Haynesworth as a director | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Eastman Chemical Company | ||
| By: | /s/ Clark L. Jordan | |
| Clark L. Jordan | ||
| Vice President, Legal and Corporate Secretary | ||
| Date: February 7, 2023 | ||
3
Exhibit 99.1
Eastman Board Elects New Director
KINGSPORT, Tenn., Feb. 6, 2023 – The Board of Directors of Eastman Chemical Company (NYSE:EMN) on February 3, 2023 elected Ms. Linnie M. Haynesworth as a director. Haynesworth was most recently the sector vice president and general manager of the Cyber and Intelligence Mission Solutions Division for Northrop Grumman Corporation’s (NGC) Mission Systems Sector, where she was responsible for multiple $1 billion-plus divisions.
Haynesworth has more than 30 years of industry experience in technology, including aerospace, intelligence and cybersecurity systems. She served as NGC’s division vice president for Aerospace Products and led large space program efforts. Haynesworth also held various senior-level roles at NGC within the areas of program management, supply chain, subcontract technical management and engineering, and served as the executive co-chair of the NGC’s Women in Leadership program.
“We are pleased to welcome Linnie to Eastman’s Board of Directors,” said Mark Costa, Board Chair and CEO. “Linnie is a proven executive business leader who has demonstrated expertise in cyber security governance, enterprise strategy, large complex system development, and disruptive technology. We look forward to benefiting from her unique skills and extensive experience.”
In addition to her position on Eastman’s board of directors, Haynesworth currently serves on the boards of Micron Technology, Inc., Truist Financial Corporation, and Automatic Data Processing, Inc.
Haynesworth received a Bachelor of Science degree in Electrical Engineering from the University of Southern California.
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2022 revenues of approximately $10.6 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.
Contacts:
Media: Tracy Kilgore Addington
423-224-0498 / tracy@eastman.com
Investors: Greg Riddle
212-835-1620 / griddle@eastman.com