PPG 8-K
Ppg Industries Inc (PPG)
8-K
2024-04-22
For: 2024-04-18
View Original
Added on
April 08, 2026
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): April 18, 2024
(Exact Name of Registrant as Specified in Charter) | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of Principal Executive Offices, and Zip Code)
(412 ) 434-3131
(Registrant’s 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 obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. | |||||||
On April 18, 2024, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Kathy L. Fortmann as a director of the Company, effective July 17, 2024. Ms. Fortmann will serve in the class of directors whose term expires at the 2025 Annual Meeting of Shareholders. The Board of Directors appointed Ms. Fortmann to the Audit Committee and the Sustainability and Innovation Committee of the Board of Directors.
As an independent director of the Company, Ms. Fortmann will be entitled to receive compensation consistent with that of the Company’s other independent directors who are not employees of the Company, as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 7, 2024 under the caption “Compensation of Directors,” which portion of such proxy statement is incorporated herein by reference.
Ms. Fortmann was not selected as a director of the Company pursuant to any arrangement or understanding between Ms. Fortmann and any other person or entity.
A press release reporting the election of Ms. Fortmann as a director of the Company is attached hereto as Exhibit 99 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. | |||||||
(d) Exhibits.
Exhibit Number | Description | |||||||
| 99 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
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.
| PPG INDUSTRIES, INC. | ||||||||
| (Registrant) | ||||||||
| Date: April 22, 2024 | By: | /s/ Timothy M. Knavish | ||||||
| Timothy M. Knavish | ||||||||
| Chairman and Chief Executive Officer | ||||||||
Exhibit 99
News
PPG Media Contact:
Mark Silvey
Corporate Communications
PPG Investor Contact:
Jonathan Edwards
Investor Relations
+1-412-434-3466
investor.ppg.com
Kathy Fortmann joins PPG Board of Directors
PITTSBURGH, April 22, 2024 – PPG (NYSE:PPG) today announced that Kathy L. Fortmann has been elected to join its board of directors, effective July 17, 2024. Fortmann most recently served from 2021 to 2023 as Chief Executive Officer of ACOMO N.V., a Dutch publicly-listed company focused on conventional and organic niche food products and ingredients for the food and beverage industry. She will serve on the PPG board’s Audit Committee and the Sustainability and Innovation Committee.
Prior to ACOMO, Fortmann held various roles at International Flavors & Fragrances Inc. (“IFF”) from 2020 until 2021, including Division President of Nourish, Division Chief Executive Officer, Taste, and Head, Taste Strategy and Cross Fertilization. Previously, she was an executive at FrieslandCampina, a dairy cooperative in Europe from 2017 to 2019, serving as Business Group President, Ingredients and a Member of the Executive Committee. From 2005 until 2017, Fortmann held various leadership positions at Cargill, Incorporated, a world leading provider of food ingredients and agricultural services and products. Prior to Cargill, she held positions with increasing responsibility at E.I. DuPont de Nemours, Inc. from 1989 until 2005. Fortmann currently serves as a Director of FMC Corporation, a global agricultural sciences company, and previously served as a Director of ACOMO NV from 2021 until 2023 and James Finlay Limited from 2019 until 2021.
“PPG’s board of directors continually seeks to maintain an appropriate balance of directors with varying tenure, expertise and diversity,” said Michael W. Lamach, PPG lead independent director. “We are pleased that Kathy has joined the board, as her proven leadership capabilities will help to further strengthen PPG and help guide its strategic direction.”
“Kathy brings to PPG nearly 35 years of global business experience across a variety of industries. Her senior leadership roles at several leading, multinational companies provides her with extensive experience managing business operations,” said Timothy M. Knavish, PPG chairman and chief executive officer. “In particular, Kathy’s experience leading businesses in Europe and growing businesses with a sustainability focus will provide valuable expertise to PPG and our leadership team.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and
innovate in more than 70 countries and reported net sales of $18.2 billion in 2023. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.