Huntsman CORP 8-K, filed Apr 5, 2021
Huntsman CORP (HUN)
About this 8-K
Huntsman CORP filed this 8-K on April 5, 2021, reporting on events of April 3, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices) |
|
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices) |
|
Registrants’ telephone number, including area code:
(
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Registrant | Title of each class | Trading Symbol | Name of each exchange on which registered | |||
|---|---|---|---|---|---|---|
| Huntsman Corporation | ||||||
| Huntsman International LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Co-Registrant CIK | |
| Co-Registrant Amendment Flag | |
| Co-Registrant Form Type | |
| Co-Registrant DocumentPeriodEndDate | |
| Co-Registrant Written Communications | |
| Co-Registrant Solicitating Materials | |
| Co-Registrant PreCommencement Tender Offer | |
| Co-Registrant PreCommencement Issuer Tender Offer | |
| Co-Registrant Entity Emerging Growth Company | |
| Co-Registrant Zip code | |
| Co-Registrant City area code | |
| Co-Registrant Local Phone Number |
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 5, 2021, Huntsman Corporation (the “Company”) announced that Sean Douglas had notified the Company that he intends to resign as Executive Vice President and Chief Financial Officer and accept a full-time calling to The Church of Jesus Christ of Latter-day Saints. The effective date of Mr. Douglas’ resignation will be July 1, 2021.
Mr. Douglas’ resignation is not due to any outstanding issues with the Company or disagreements with respect to the Company’s operations, policies or practices, or the Company’s independent auditors.
The Company has initiated a search for a permanent Chief Financial Officer, is evaluating both internal and external candidates, and expects to appoint its new CFO before the July 1, 2021, effective date of Mr. Douglas’ resignation.
A press release announcing the foregoing is attached to this report as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits |
The following exhibit is furnished as part of this Current Report on Form 8-K.
(d) Exhibits
| Number | Description of Exhibits | |
| 99.1 | Press Release dated April 5, 2021. | |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |
2
SIGNATURES
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.
| HUNTSMAN CORPORATION | |
| HUNTSMAN INTERNATIONAL LLC | |
| /s/ DAVID M. STRYKER | |
| Executive Vice President, General Counsel and Secretary |
Dated: April 5, 2021
3
Exhibit 99.1
 |
 |
| FOR IMMEDIATE RELEASE | Media: | Investor Relations: |
| April 5, 2021 | Gary Chapman | Ivan Marcuse |
| The Woodlands, TX | (281) 719-4324 | (281) 719-4637 |
| NYSE: HUN |
Huntsman Announces Resignation of CFO Sean Douglas
THE WOODLANDS, TX – Huntsman Corporation (NYSE: HUN) announced today that Sean Douglas, 56, has notified the Company he intends to resign as Executive Vice President and Chief Financial Officer and accept a full-time calling to The Church of Jesus Christ of Latter-day Saints. The effective date of Mr. Douglas’ resignation will be July 1, 2021.
“On behalf of Huntsman, I want to thank Sean for his very many contributions over the past 30 years,” said Peter Huntsman, Chairman of the Board, President and CEO. “During his long career, Sean has done everything we have ever asked him to do with the highest level of professional competence and ethical clarity. He has played an instrumental role in supporting the execution of the Company’s strategic vision, transforming our balance sheet into an investment grade and transitioning our product portfolio to more downstream, differentiated, and specialty chemical products. He has been a great role model for all our associates and he is my close friend. All of us wish Sean success in this next chapter of his life.”
The Company has initiated a search for a permanent Chief Financial Officer with the credibility, capability, and qualifications to continue effective execution of its financial and business strategies and is evaluating both internal and external candidates at this time. Mr. Huntsman expects to have the new CFO in place before the July 1, 2021 effective date of Sean’s resignation.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2020 revenues of approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.