Ppg Industries Inc 8-K, filed Jan 19, 2024
Ppg Industries Inc (PPG)
8-K
2024-01-19
For: 2024-01-18
View Original
Added on
April 08, 2026
About this 8-K
Ppg Industries Inc filed this 8-K on January 19, 2024, reporting on events of January 18, 2024.
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): January 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 January 18, 2024, Stephen F. Angel informed the Board of Directors of PPG Industries, Inc. (the “Company”) that he plans to retire from the Board, effective at the conclusion of the Board’s February 15, 2024 meeting. Mr. Angel will continue to serve as a director of the Company and as a member of the Nominating and Governance Committee and the Human Capital Management and Compensation Committee of the Board of Directors until his retirement. Mr. Angel’s decision was not due to any disagreement with the Company.
A press release reporting Mr. Angel’s retirement 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: January 19, 2024 | By: | /s/ Timothy M. Knavish | ||||||
| Timothy M. Knavish | ||||||||
| Chairman and Chief Executive Officer | ||||||||
Exhibit 99
News
PPG Media Contact:
Mark Silvey
Corporate Communications
silvey@ppg.com
PPG Investor Contact:
Jonathan Edwards
Investor Relations
+1-412-434-3466
jonathanedwards@ppg.com
investor.ppg.com
Stephen F. Angel to retire from PPG board of directors
PITTSBURGH, January 19, 2024 – PPG (NYSE:PPG) today announced that Stephen F. Angel, 68, has informed the board of directors of his decision to retire from the PPG board, effective at the conclusion of the Board’s February 15, 2024 meeting.
“Throughout his more than 13 years serving on PPG’s board of directors, including chairing the Human Capital Management and Compensation Committee and the Sustainability and Innovation Committee for periods of time, and contributing as a member of the Nominating and Governance Committee, Steve has provided invaluable insights and guidance. His leadership has played an important role in helping PPG and its leaders navigate complex issues and important decisions that have helped to further strengthen our business,” said Tim Knavish, PPG chairman and CEO. “We thank Steve for his service and valued counsel to three PPG CEOs. His strategic mindset, global industry insights and proven experience will be missed. I would personally like to thank Steve for his mentorship over the years, including during my CEO transition.”
Angel became the chairman of the board of Linde plc as of March 1, 2022. Prior to that, he served as the chief executive officer of Linde plc from October 2018 to February 2022. He was chairman, president and chief executive officer of Praxair, Inc. from 2007 to 2018. Angel joined Praxair in 2001 as an executive vice president and was named president and chief operating officer in February 2006. Prior to joining Praxair, he spent 22 years in a variety of management positions with General Electric Company (GE).
Angel serves on the board of directors of GE, where he chairs the Management Development and Compensation Committee. It has also been announced that Angel will serve as chair of the GE Vernova board – the planned independent public company that will be created following its spin-off from GE. He was previously on the board of directors of the Hydrogen Council and the US-China Business Council, respectively, and is currently a member of The Business Council.
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.