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): February 15, 2024

____________________________________________ 

LYONDELLBASELL INDUSTRIES N.V.

(Exact Name of Registrant as Specified in Charter) 

 ____________________________________________ 

Netherlands	001-34726	98-0646235
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1221 McKinney St.,		4th Floor, One Vine Street
Suite 300		London	Delftseplein 27E
Houston,	Texas	W1J0AH	3013AA	Rotterdam
USA	77010	United Kingdom	Netherlands

(Addresses of principal executive offices) (Zip code)

(713) 309-7200 +44 (0) 207 220 2600 +31 (0) 10 2755 500

(Registrant’s telephone numbers, including area codes) 

(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:

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange On Which Registered
Ordinary Shares, €0.04 Par Value	LYB	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 (b).    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Kenneth Lane, Executive Vice President, Olefins and Polyolefins (O&P) and Global Procurement, of LyondellBasell Industries N.V. (the “Company”), informed the Company on February 15, 2024, of his intent to resign, effective March 15, 2024, to pursue another opportunity.

Item 7.01.    Regulation FD Disclosure.

On February 19, 2024, the Company issued a press release announcing Mr. Lane’s departure and the appointment of Ms. Kimberly Foley as Executive Vice President, Global O&P, Refining and Supply Chain and Mr. Aaron Ledet, as Executive Vice President, Intermediates & Derivatives, each effective March 1, 2024.

The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.     Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
99.1	Press Release dated February 19, 2024.
104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

		LYONDELLBASELL INDUSTRIES N.V.
Date:	February 20, 2024
		By:	/s/ Jeffrey A. Kaplan
			Jeffrey A. Kaplan
			Executive Vice President
			and General Counsel

EX-99.1

Exhibit 99.1

LyondellBasell Announces Executive Committee Changes

HOUSTON and LONDON, Feb. 19, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced changes to its executive committee, effective March 1, 2024. Kimberly (Kim) Foley will assume the role of executive vice president, Global Olefins & Polyolefins (O&P), Refining and Supply Chain, and Aaron Ledet has been promoted to the role of executive vice president, Intermediates and Derivatives (I&D). Ledet will join the company’s executive committee. These changes follow the departure of Ken Lane, former executive vice president Global O&P, who is leaving the company to pursue another opportunity.

Foley has been executive vice president of Global I&D, Refining and Supply Chain since October 2022. She previously served as senior vice president, Global Engineering, Turnarounds and Health, Safety and Environment for LyondellBasell. She has more than 35 years of experience in the petrochemical industry, including leadership positions in Manufacturing, Strategic Planning, Finance and Supply Chain.

Ledet has been senior vice president of O&P Americas since October 2022, with manufacturing and commercial responsibility for the O&P Americas segment as well as responsibility for developing future options for the Houston refining operation. He previously served as vice president, Olefins & Feedstocks and has held a variety of leadership roles in the Advanced Polymer Solutions (APS) business segment, I&D, and global supply chain, both in the United States and Europe.

“Kim has done an exceptional job leading our I&D and refining businesses, delivering historically high results, and I am thrilled she will continue to execute on our strategy as the global head of O&P, Refining and Supply Chain. Aaron has done a fantastic job leading the O&P Americas business in a challenging environment and has a broad range of leadership experience in each of our strategic business units. I am excited to see him advance the I&D business moving forward,” said Peter Vanacker, chief executive officer.

“These changes illustrate a successful succession planning process and our ability to retain and promote key talent within our organization,” commented Vanacker. “I know these two executives will bring relentless focus on growing and upgrading our core and will continue to live out our company’s commitments and values every day. I want to personally thank Ken for his contributions during his tenure and wish him well in future endeavors.”

About LyondellBasell

We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

Contacts:

LyondellBasell Media Relations, mediarelations@lyb.com, Phone: +1 713.309.4738

XML

Document and Entity Information Document	Feb. 15, 2024
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Feb. 15, 2024
Entity Registrant Name	LYONDELLBASELL INDUSTRIES N.V.
Entity Incorporation, State or Country Code	P7
Entity File Number	001-34726
Entity Tax Identification Number	98-0646235
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Ordinary Shares, €0.04 Par Value
Trading Symbol	LYB
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0001489393
Amendment Flag	false
Entity Addresses [Line Items]
Entity Address, Address Line One	1221 McKinney St.,
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Houston,
Entity Address, State or Province	TX
Entity Address, Country	US
Entity Address, Postal Zip Code	77010
City Area Code	(713)
Local Phone Number	309-7200
United Kingdom [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	4th Floor, One Vine Street
Entity Address, City or Town	London
Entity Address, Country	GB
Entity Address, Postal Zip Code	W1J0AH
Country Region	+44 (0)
City Area Code	207
Local Phone Number	220 2600
Netherlands [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	Delftseplein 27E
Entity Address, City or Town	Rotterdam
Entity Address, Country	NL
Entity Address, Postal Zip Code	3013AA
Country Region	+31 (0)
City Area Code	10
Local Phone Number	2755 500