OLIN Corp 8-K, filed Nov 15, 2021
OLIN Corp (OLN)
8-K
2021-11-15
For: 2021-11-15
View Original
Added on
April 04, 2026
About this 8-K
OLIN Corp filed this 8-K on November 15, 2021.
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, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 15, 2021
(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) | (Zip Code) | |||||||||||||
(314 ) 480-1400
(Registrant’s telephone number, including area code)
(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 obligation of the registrant under any of the following provisions (see General Instruction A.2. below): | |||||||||||||||||||||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||||||||||||||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||||||||||||||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||||||||||||||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||||||||||||||||||||
| Securities registered pursuant to Section 12(b) of the Act: | |||||||||||||||||||||||
| Title of each class | Trading Symbol | Name of each exchange on which registered | |||||||||||||||||||||
| 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. | ||||||||||||||||||||||
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On November 15, 2021, Pat D. Dawson, Executive Vice President and President, Epoxy and International, a named executive officer, announced his intention to retire from Olin Corporation (“Olin”) effective April 30, 2022, or an earlier mutually agreeable date. He will be leaving his current position of Executive Vice President and President, Epoxy and International effective November 29, 2021, and continuing as an Executive Vice President until his retirement date.
Item 7.01. Regulation FD Disclosure.
On November 15, 2021, Olin issued a press release announcing the pending retirement of Mr. Dawson and other leadership changes at Olin. A copy of the press release is furnished as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibit No. | Exhibit | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Olin has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OLIN CORPORATION | |||||||||||
| By: | /s/ J. Matthew Martin | ||||||||||
| Name: | J. Matthew Martin | ||||||||||
| Title: | Assistant Secretary | ||||||||||
Date: November 15, 2021
Exhibit 99.1
Investor Contact: Steve Keenan
(314) 719-1755
InvestorRelations@Olin.com
NewsOlin Corporation, 190 Carondelet Plaza, Suite 1530, Clayton, MO 63105
OLIN CORPORATION ANNOUNCES RETIREMENT AND LEADERSHIP CHANGES
Clayton, MO, November 15, 2021 – Olin Corporation (NYSE: OLN) announced that Pat D. Dawson, Olin’s Executive Vice President and President, Epoxy and International, will retire from Olin effective April 30, 2022, or an earlier mutually agreeable date. Mr. Dawson will remain with Olin as an Executive Vice President until his retirement, focusing on business leadership transition activities and strategic business projects.
Mr. Damian Gumpel, Olin’s current Vice President and President, Chlor Alkali Products and Vinyls will become its Vice President and President, Epoxy and Corporate Strategy, effective November 29, 2021. Damian will lead Olin’s Epoxy and International operations, as well as Olin’s Corporate Strategy activities, including mergers and acquisitions. Mr. Gumpel earned a Bachelor of Science degree in Chemical Engineering from the University of Texas – Austin and a Masters of Business Administration with Honors from the University of Chicago Booth School of Business.
Olin further announced that it has hired Patrick M. Schumacher to serve as Vice President and President, Chlor Alkali Products and Vinyls, and Dana C. O’Brien to serve as Senior Vice President, General Counsel and Secretary, both effective November 29, 2021.
Patrick Schumacher most recently served as Senior Vice President for Prince Corporation where he led the sales organization and global mergers and acquisitions activities. Prior to his time at Prince Corporation, Mr. Schumacher worked at Celanese Corporation in various leadership positions. While at Celanese, he was a Senior Vice President of multiple business areas from 2018 to 2020, Vice President, Emulsion Polymers in 2018, and Vice President, Business and Strategy Development from 2014 to 2018. Prior to joining Celanese, Mr. Schumacher was Managing Director, Head of Chemicals M&A Practice at Blackstone Group, Senior Vice President at UBS Investment Bank, an Associate at Lehman Brothers and an Associate at Valuemetrics. Mr. Schumacher earned a Bachelor of Business Administration degree in Finance from the University of Wisconsin and Master of Science in Finance degree from Boston College.
Dana O’Brien was most recently Senior Vice President, General Counsel and Chief Ethics & Compliance Officer at The Brink’s Company. Prior to her time at The Brinks’ Company, Ms. O’Brien was Senior Vice President, General Counsel and Corporate Secretary at CenterPoint Energy from 2014 to 2019, Chief Legal
Officer, Chief Compliance Officer at CEVA Logistics from 2007 to 2014, General Counsel, Chief Compliance Officer and Secretary at EGL, Inc. from 2005 to 2007, and held various legal roles at Quanta Services, Inc. from 1999 to 2005. Prior to transitioning to an in-house setting, Ms. O’Brien was an associate at Weil, Gotshal & Manges and a briefing attorney with the Supreme Court of Texas. Ms. O’Brien earned a Bachelor of Arts degree from Trinity University and her Juris Doctorate degree from the University of Texas – Austin.
Scott Sutton, Olin’s Chairman, President and Chief Executive Officer said, “We congratulate Pat and thank him for his valuable service to Olin and wish him continued good fortune in the years to come. Additionally, we congratulate Damian on his new role, and welcome Patrick and Dana to the Olin team as we build upon our successes and move Olin through the next phases of its evolution.”
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
2021-27