-----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, JlxxLv+7Opn48xu9Kvw8e0bIfe0pfZJ0rRT/IuOuBeddn7+7SbcLwMJNH4SvCIfZ hFMQWvfoPXcZHajpEsQ44Q== 0001305014-06-000255.txt : 20060920 0001305014-06-000255.hdr.sgml : 20060920 20060920095258 ACCESSION NUMBER: 0001305014-06-000255 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060920 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060920 DATE AS OF CHANGE: 20060920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASHLAND INC. CENTRAL INDEX KEY: 0001305014 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160] IRS NUMBER: 200865835 STATE OF INCORPORATION: KY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32532 FILM NUMBER: 061099359 BUSINESS ADDRESS: STREET 1: 50 EAST RIVERCENTER BLVD., 16TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41012 BUSINESS PHONE: 859-815-3483 MAIL ADDRESS: STREET 1: 50 EAST RIVERCENTER BLVD., 16TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41012 FORMER COMPANY: FORMER CONFORMED NAME: New EXM Inc. DATE OF NAME CHANGE: 20041004 8-K 1 form8k.txt 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): September 20, 2006 ASHLAND INC. (Exact name of registrant as specified in its charter) Kentucky (State or other jurisdiction of incorporation) 1-32532 20-0865835 (Commission File Number) (I.R.S. Employer Identification No.) 50 E. RiverCenter Boulevard, Covington, Kentucky 41011 (Address of principal executive offices) (Zip Code) P.O. Box 391, Covington, Kentucky 41012-0391 (Mailing Address) (Zip Code) Registrant's telephone number, including area code (859) 815-3333 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: [ ] 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)) -1- Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers (b) Today, Gary A. Cappeline, president and chief operating officer, Chemical Sector, announced his retirement from Ashland, effective April 1, 2007. Additional details regarding Mr. Cappeline's retirement are included in the press release attached hereto as Exhibit 99.1 and incorporated by reference herein. Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press Release dated September 20, 2006. -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 thereunto duly authorized. ASHLAND INC. ------------------------------------------- (Registrant) September 20, 2006 /s/ J. Marvin Quin ------------------------------------------- J. Marvin Quin Senior Vice President and Chief Financial Officer -3- EXHIBIT INDEX 99.1 Press Release dated September 20, 2006. -4- EX-99 2 ex991.txt EXHIBIT 99.1 EXHIBIT 99.1 [GRAPHIC OMITTED] FOR FURTHER INFORMATION: Media Relations: Jim Vitak (614) 790-3715 jevitak@ashland.com FOR IMMEDIATE RELEASE SEPT. 20, 2006 CAPPELINE TO RETIRE FROM ASHLAND INC. COVINGTON, Ky. - Gary A. Cappeline, president and chief operating officer, Chemical Sector, Ashland Inc. (NYSE: ASH), will retire after nearly 30 years of service effective April 1, 2007, the company announced today. Ashland Chairman and Chief Executive Officer James J. O'Brien praised Cappeline's accomplishments during his tenure as chief operating officer of the Chemical Sector. "We are fortunate that Gary shared his leadership with Ashland not once, but twice," said O'Brien, reflecting on Cappeline's return to Ashland in 2002, after a six-year departure. "Gary and I have shared the same strategic view for Ashland - to become a high-performance organization by strengthening our position in chosen markets," continued O'Brien. "Ashland's stakeholders have benefited from Gary's expertise in chemical markets, global operations and business development. Under his leadership as chief operating officer, our chemical businesses have experienced significant growth, bolstered global merger and acquisition processes and made substantial progress toward the integration of our global supply chain. Gary also has led an aggressive expansion of our China operations. While I plan to assume direct responsibility for company operations in October, I have asked Gary to continue his leadership of certain important initiatives to assure a smooth transition." Cappeline first joined the company in 1974 and moved through positions of increasing responsibility until he was named group vice president of specialty chemical operations in 1993. In 1996, Cappeline left Ashland for senior positions in the chemical industry and private equity, but rejoined the company in December 2002 as president of Ashland Specialty Chemical. He was named president and COO of Ashland's Chemical Sector in January 2004. - more - Ashland Inc. - Covington, Ky. - 41012-0391 - (859) 815-3333 - www.ashland.com ASHLAND'S CAPPELINE RETIRES - PAGE 2 "I feel extremely fortunate to have built my career at Ashland and within chemicals, one of the world's most dynamic, high-tech, forward-looking industries," said Cappeline. "Ashland shares this same rich history of innovation. My personal belief has always been to lead change, not follow it. Jim and I share this sentiment, and the transformation that continues to unfold within Ashland is all about preparing the company to continue its leadership as a global, diversified chemical company. The future will be different for Ashland, but it will be better." Added Cappeline: "In all my years with Ashland, I have always been amazed and energized by the dedication and loyalty of our people. Clearly it is important to have thoughtful business strategies, but at the end of the day, I bet on people, not strategies. We have a lot of talented people in this company. It has been my privilege to lead such a great team." A native of New York City, N.Y., Cappeline holds a bachelor's degree and a master's degree in chemical engineering from City College, New York. Additionally, he has an Advanced Management certificate from Harvard and has done post-graduate studies at Indiana University. Cappeline is a member of Ashland's Executive Committee; the Board and Executive Committee of the American Chemistry Council (ACC); and chairs the ACC Board Committee on Communications, serving as steward for the essential2* public education strategy. Ashland Inc. (NYSE: ASH), a diversified, global chemical company, provides quality products, services and solutions to customers in more than 100 countries. A FORTUNE 500 company, it operates through four wholly owned divisions: Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland Water Technologies. To learn more about Ashland, visit www.ashland.com. -0- FORTUNE 500 is a registered trademark of Time Inc. *essential2 is a service mark of American Chemistry Council, Inc. -----END PRIVACY-ENHANCED MESSAGE-----