-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PE3z+l1uOCNhBWG7Q2dFhj+WmZ56q+Y+YNtIfDADZ9BFG+zc6aUW7MTUTjd0WCCm O0B8lJneILW6Pd2EXMJksw== 0001193125-10-110654.txt : 20100506 0001193125-10-110654.hdr.sgml : 20100506 20100506145737 ACCESSION NUMBER: 0001193125-10-110654 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100503 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100506 DATE AS OF CHANGE: 20100506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARCH CHEMICALS INC CENTRAL INDEX KEY: 0001072343 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 061526315 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14601 FILM NUMBER: 10807571 BUSINESS ADDRESS: STREET 1: 501 MERRITT 7 STREET 2: P O BOX 4500 CITY: NORWALK STATE: CT ZIP: 06856-4500 BUSINESS PHONE: 2037503729 MAIL ADDRESS: STREET 1: 501 MERRITT 7 STREET 2: P O BOX 4500 CITY: NORWALK STATE: CT ZIP: 06856-4500 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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): May 3, 2010

 

 

ARCH CHEMICALS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Virginia   1-14601   06-1526315

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

501 Merritt 7, Norwalk, CT   06851
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (203) 229-2900

N/A

(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))

 

 

 


INFORMATION TO BE INCLUDED IN THE REPORT

 

ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(e) On May 3, 2010, the Compensation Committee of the Board of Directors of Arch Chemicals, Inc. (the “Company”) approved an amendment to the Arch Senior Executive Pension Plan II (the “SERP II”), a non-qualified senior executive pension plan.

The amendment provides that a participant vests in the pension benefit provided under SERP II if the participant qualifies for benefits under an executive severance agreement on account of an involuntary separation from service without cause regardless of the participant’s age at the time of the separation from service. Prior to this amendment, the plan provided that a participant would not vest in the case of an involuntary separation from service without cause unless the participant was at least age 55. A SERP II participant now will have similar vesting provisions under an involuntary separation from service without cause as a participant in the Company’s Senior Executive Pension Plan I (“SERP I”), another non-qualified senior executive pension plan.

Currently all named executive officers participate in SERP I except for Joseph H. Shaulson, the Company’s Senior Vice President, Wood Protection and Personal Care Ingredients, who participates in SERP II. A copy of the amendment is attached hereto as Exhibit 10.1.

 

2


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

 

10.1    First Amendment to Arch Senior Executive Pension Plan II, effective as of May 3, 2010.

 

3


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.

Date: May 6, 2010

 

ARCH CHEMICALS, INC.

By:

 

/s/    STEVEN C. GIULIANO        

Name:   Steven C. Giuliano
Title:   Senior Vice President and Chief Financial Officer

 

4


Exhibit Index

 

Exhibit

No.

  

Description

10.1    First Amendment to Arch Senior Executive Pension Plan II, effective as of May 3, 2010.

 

5

EX-10.1 2 dex101.htm FIRST AMENDMENT TO ARCH SENIOR EXECUTIVE PENSION PLAN II First Amendment to Arch Senior Executive Pension Plan II

Exhibit 10.1

FIRST AMENDMENT TO

ARCH SENIOR EXECUTIVE PENSION PLAN II

WHEREAS, Arch Chemicals, Inc. (the “Company” or “Arch”) established a non-qualified deferred compensation plan known as the Arch Senior Executive Pension Plan II (the “Plan”) for the benefit of certain salaried employees of Arch and other Employing Companies who may be eligible to participate; and

WHEREAS, the Company reserved the right, in Section 7.1 of the Plan, to amend the Plan at any time, in whole or in part, by action of its Board of Directors, the Compensation Committee of the Board or any other duly authorized committee or officer, provided that no amendment of the Plan shall adversely affect the vested benefits payable hereunder to any Participant for service rendered prior to the effective date of such amendment; and

WHEREAS, the Company now wishes to amend the Plan to modify the vesting provisions relating to Formula B under the Plan,

NOW, THEREFORE, the Company hereby amends the Plan as follows:

1. The last paragraph of subsection (a) of Section 3.1 of the Plan is hereby deleted and the following substituted therefore:

Notwithstanding the foregoing, a Participant shall not vest in a benefit under Formula B until the earliest of the following dates: (a) the date the Participant attains at least age 55 and has at least 10 Years of Benefit Service credited while a Participant in this Plan; (b) the date the Participant attains age 65; (c) the date the Participant qualifies for benefits under an executive severance agreement on account of an involuntary separation from service without cause; (d) the date determined by the Selection Committee, in its discretion, provided the Participant is then at least age 62; or (e) if the Participant dies prior to Retirement, the day preceding the Participant’s date of death. Until such time as a Participant vests in a benefit, his or her benefit under Formula B shall be deemed to be zero.

The foregoing amendment shall be effective as of May 3, 2010.

IN WITNESS WHEREOF, the undersigned has set his/her hand this 4th day of May, 2010.

 

/s/ Hayes Anderson

Name: Hayes Anderson

  Duly Authorized

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