0001104659-16-156452.txt : 20161114 0001104659-16-156452.hdr.sgml : 20161111 20161114063056 ACCESSION NUMBER: 0001104659-16-156452 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20161110 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Huntsman CORP CENTRAL INDEX KEY: 0001307954 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 421648585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32427 FILM NUMBER: 161990274 BUSINESS ADDRESS: STREET 1: 10003 WOODLOCH FOREST DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: (281) 719-6000 MAIL ADDRESS: STREET 1: 10003 WOODLOCH FOREST DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUNTSMAN INTERNATIONAL LLC CENTRAL INDEX KEY: 0001089748 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-85141 FILM NUMBER: 161990275 BUSINESS ADDRESS: STREET 1: 10003 WOODLOCH FOREST DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: (281) 719-6000 MAIL ADDRESS: STREET 1: 10003 WOODLOCH FOREST DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 FORMER COMPANY: FORMER CONFORMED NAME: HUNTSMAN ICI CHEMICALS LLC DATE OF NAME CHANGE: 19990629 8-K 1 a16-21543_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 10, 2016

 

Huntsman Corporation

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-32427

 

42-1648585

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

Huntsman International LLC

(Exact name of registrant as specified in its charter)

 

Delaware

 

333-85141

 

87-0630358

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

10003 Woodloch Forest Drive

 

 

The Woodlands, Texas

 

77380

(Address of principal executive offices)

 

(Zip Code)

 

(801) 584-5700

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 obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

 

On November 10, 2016, Huntsman Corporation (the “Company”) announced that J. Kimo Esplin, Executive Vice President and Chief Financial Officer, will be taking on different responsibilities with the Company as of January 1, 2017, and that Sean Douglas has been appointed Executive Vice President and Chief Financial Officer effective that same date.

 

Mr. Douglas, 52, joined the Company in 1990 and has served in numerous roles, most recently Vice President, Corporate Development and Treasurer. From 2002 to December 2009, Mr. Douglas served as Vice President and Treasurer. From December 2009 until July 2012, he served as Vice President, Corporate Development. Mr. Douglas left the Company in July 2012 to serve as a volunteer representative of his church in South America and rejoined the Company in July 2015 as Vice President, Corporate Development. There was no arrangement or understanding between Mr. Douglas and any other person pursuant to which Mr. Douglas was appointed Chief Financial Officer of the Company. There are no transactions in which Mr. Douglas has an interest requiring disclosure under Item 404(a) of Regulation S-K.

 

As Executive Vice President and Chief Financial Officer, Mr. Douglas will be eligible to participate in the Company’s benefit plans and continue to be eligible to receive payments and benefits upon certain severance events through the Company’s Executive Severance Plan. A description of the Executive Severance Plan is contained in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on March 25, 2016.

 

Mr. Esplin, 54, served as Chief Financial Officer of the Company for 17 years. In his new role as Executive Vice President, Strategy and Investment, he will focus his full time efforts on executing the planned spinoff of the Pigments & Additives and Textile Effects divisions, working with strategic opportunities for the Company and its other operating divisions, and representing the Company with shareholders and global partners.

 

Item 7.01 Regulation FD.

 

In connection with the change in leadership described in Item 5.02 above, on November 11, 2016, the Company issued a press release. The press release is attached herewith as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)              Exhibits.

 

Number

 

Description of Exhibits

 

 

 

99.1

 

Press release dated November 11, 2016.

 

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 Stryker

 

DAVID STRYKER

 

Executive Vice President, General Counsel and Secretary

 

 

Dated:  November 14, 2016

 

 

3



 

INDEX TO EXHIBITS

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press release dated November 11, 2016.

 

4


EX-99.1 2 a16-21543_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

FOR IMMEDIATE RELEASE

 

Media:

 

Investor Relations:

November 11, 2016

 

Gary Chapman

 

Kurt Ogden

The Woodlands, TX

 

(281) 719-4324

 

(281) 719-4610

NYSE: HUN

 

 

 

 

 

Huntsman Officer Changes:

J. Kimo Esplin Appointed Executive Vice President, Strategy & Investment

Sean Douglas Appointed Executive Vice President and Chief Financial Officer

 


 

THE WOODLANDS, Texas — Huntsman Corporation (NYSE: HUN) announced today the appointment of J. Kimo Esplin as Executive Vice President, Strategy and Investment, and the promotion of Sean Douglas to Executive Vice President and Chief Financial Officer, with both appointments effective January 1, 2017.

 

In his new capacity, Mr. Esplin will report directly to Peter R. Huntsman, President and Chief Executive Officer, and focus his full time efforts on executing the planned spinoff of the Pigments & Additives and Textile Effects divisions, working with strategic opportunities for the Company and its other operating divisions, and representing the Company with shareholders and global partners.  Mr. Esplin served as the Company’s CFO for 17 years.

 

In Mr. Douglas’s new role as Executive Vice President and Chief Financial Officer, he will also report directly to Mr. Huntsman and be responsible for Finance, Treasury, Accounting, Tax, Investor Relations, Corporate Development and Information Technology.  Mr. Douglas joined the Company in 1990 and has held several positions, most recently Vice President, Corporate Development and Treasurer.

 

Peter R. Huntsman, our President and CEO, commented:

 

“Kimo’s leadership as Chief Financial Officer has been invaluable to the Company.  His new role will allow him to focus on global strategic opportunities that will further create shareholder value. Sean too has proven himself to be an exceptional leader.  I am pleased with his promotion and I look forward to his continued contribution to this Company.

 

“As a Company, we are intensely focused on improving our free cash flow generation, growing our downstream differentiated businesses, and separating our Pigments and Additives and Textile Effects businesses.  Having Kimo and Sean assume their new roles at the beginning of the year will ensure our ability to successfully deliver these objectives.”

 



 

About Huntsman:

 

Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2015 revenues of more than $10 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 100 manufacturing and R&D facilities in approximately 30 countries and employ approximately 15,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company’s website at www.huntsman.com.

 

Social Media:

 

Twitter: twitter.com/Huntsman_Corp
Facebook
: www.facebook.com/huntsmancorp
LinkedIn
: www.linkedin.com/company/huntsman

 

Forward-Looking Statements:

 

Statements in this release that are not historical are forward-looking statements. 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 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, 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.

 


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