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

February 15, 2018

Date of Report (Date of Earliest Event Reported)

The Chemours Company

(Exact Name of Registrant as Specified in Its Charter)

Delaware	001-36794	46-4845564
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
Of Incorporation)	File Number)	Identification No.)

1007 Market Street

Wilmington, Delaware, 19899

(Address of principal executive offices)

Registrant’s telephone number, including area code: (302) 773-1000

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in 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 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)  On February 15, 2018, The Chemours Company (the “Company”) announced that Christian W. Siemer, who serves as the Company’s President, Chemical Solutions and Chief Transformation Officer, announced his intention to leave the Company following a brief transition period. Edwin C. Sparks, who currently serves as the Company’s Director of Corporate Strategy, has been appointed by the Company’s Board of Directors as President, Chemical Solutions effective April 1, 2018. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits.

(d)  Exhibits.

99.1 Press release dated February 15, 2018.

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.

THE CHEMOURS COMPANY
By:	/s/  Mark E. Newman
	Mark E. Newman
	Senior Vice President and
	Chief Financial Officer
Date:	February 15, 2018

EX-99.1

EXHIBIT 99.1

The Chemours Company Announces Promotion of Edwin Sparks to President of the Chemical Solutions Segment Following the Anticipated Departure of Chris Siemer

Wilmington, Del., February 15, 2018 – The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, today announced that Chris Siemer, president of Chemical Solutions and the company’s chief transformation officer, has announced his intention to leave the company following a brief transition period. Effective April 1, Edwin Sparks, currently Director of Corporate Strategy for Chemours, will be promoted to the role of president, Chemical Solutions. In addition, Ed will provide leadership and support to Chemours’ Transformation Office as the company continues its efforts to renew and improve.

In his role as business president, Mr. Siemer made significant contributions to the company’s performance. He led the evaluation and optimization of the Chemical Solutions portfolio, resulting in the profitable sale of two business segments and the generation of significant net proceeds. As transformation leader, Mr. Siemer spearheaded work that delivered significant cost reductions and organizational health  improvements for Chemours—a critical component of the company’s highly successful five-point transformation plan, completed in 2017.

Chemours President and CEO, Mark Vergnano made clear his gratitude for Siemer’s presence on his executive team. Said Vergnano, “From the challenges we faced as a start-up to stabilizing and transforming the company, Chris has demonstrated tremendous personal leadership and delivered significant results. He has been a model of tenacity, resilience, and goodwill to the entire organization”

Vergnano added, “After spending 37 years in the Chemical Industry, I am excited for Chris to be able to take time for himself and his lovely wife Anne. I, along with the entire Chemours family of which Chris will always be a part, wish him everything good in the future.”

Ed Sparks brings to his new role over two decades of deep and wide-ranging experience at DuPont and Chemours, having worked with distinction on strategy, manufacturing site operations, and technology, as well as in sales and commercial leadership. He started at the New Johnsonville, Tennessee Titanium Technologies plant in 1994 and worked in that business for 20-plus years before assuming his current position leading corporate strategy. As strategy lead, Ed has worked across the breadth of Chemours, guiding decisions on both investments and issues management.

Said Vergnano, “Ed will bring seasoned judgment and rich experience to his new role. We are fortunate to have someone of his caliber well prepared to step into this role.”    

About The Chemours Company

The Chemours Company (NYSE: CC) helps create a colorful, capable and cleaner world through the power of chemistry.  Chemours is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations.  Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and general industrial manufacturing.  Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™ and Nafion™.  Chemours has approximately 7,000 employees and 26 manufacturing sites serving approximately 4,000 customers in North America, Latin America, Asia-Pacific and Europe.  

Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.  For more information please visit chemours.com.

EXHIBIT 99.1

CONTACT

MEDIA

Alvenia Scarborough

Director of Brand Marketing and Corporate Communications

+1.302.773.4507 media@chemours.com

INVESTORS

Alisha Bellezza

Treasurer and Director of Investor Relations

+1.302.773.2263 investor@chemours.com