UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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).
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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 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 1, 2021, upon the recommendation of the Nominating and Governance Committee, the Board of Directors of Diversey Holdings, Ltd. (the “Company”) appointed Dr. Rodney F. Hochman to the Board, effective immediately. Dr. Hochman will serve as a Class I director until the expiration of his term on the date of the Company’s annual general meeting of shareholders in 2022 and until his successor is elected and qualified. Dr. Hochman will be a member of the Audit and Nominating and Governance Committees of the Board.
Rod Hochman, MD has been the President and Chief Executive Officer of Providence St. Joseph Health, a not-for-profit health system since 2013. Dr. Hochman is the chair for the American Hospital Association (AHA), a past chair of AHA's Regional Policy Board 9 and past chair of the board of trustees for the Catholic Health Association. Dr. Hochman was awarded the 2020 Lifetime Achievement Award by the Puget Sound Business Journal and in 2019, the National Center for Healthcare Leadership honored him as the recipient of the Gail L. Warden Leadership Excellence Award. He was also named the 2015 Innovator of the Year by Press Ganey and is the recipient of the 2017 Partners in Care Foundation Vision and Excellence in Health Care Leadership Award. Dr. Hochman served as a clinical fellow in internal medicine at Harvard Medical School and Dartmouth Medical School. In addition, he is a Fellow of the American College of Physicians and a Fellow of the American College of Rheumatology. Dr. Hochman received his bachelor’s degree and medical degree from Boston University.
There are no arrangements or understandings between Dr. Hochman and any other person pursuant to which Dr. Hochman was selected as a director of the Company. There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Dr. Hochman and the Company. In connection with Dr. Hochman’s service as a member of the Board, he will receive the same compensation paid by the Company to its non-employee directors as disclosed in the Company’s Prospectus filed on March 26, 2021. The compensation of the Company’s directors may be adjusted by the Board from time to time. In addition to this compensation, Dr. Hochman will enter into the Company’s standard form of indemnification agreement for directors, a copy of which is filed as Exhibit 10.18 to the Company’s Registration Statement on Form S-1 filed on March 22, 2021.
| Item 7.01 | Regulation FD Disclosure. |
A copy of a press release announcing Dr. Hochman’s appointment is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibits are filed as part of this report:
| Exhibit# | Description | |
| 99.1 | Press Release dated September 1, 2021 | |
| 104 | Cover Page Interactive Data file (formatted as Inline XBRL) | |
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.
| Dated: September 1, 2021 | DIVERSEY HOLDINGS, LTD. | |
| By: | /s/ Philip Wieland | |
| Name: Philip Wieland | ||
| Title: Chief Executive Officer | ||
Exhibit 99.1
Diversey Appoints Rod Hochman, M.D. to its Board of Directors
FORT MILL, S.C., 1st September, 2021 (GLOBE NEWSWIRE) - Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, has appointed Rod Hochman, M.D. to the company’s board of directors, effective September 1, 2021. This appointment will bring the total number of directors to ten.
“We are extremely pleased to welcome Rod to our board,” said Phil Wieland, CEO of Diversey. “His extensive background in the healthcare sector makes Rod a great addition and helps position Diversey for continued growth and success in that area.”
Rod Hochman, M.D. has been the President and Chief Executive Officer of Providence, a not-for-profit health system since 2013. Dr. Hochman is the chair for the American Hospital Association (AHA), a past chair of AHA's Regional Policy Board 9 and past chair of the board of trustees for the Catholic Health Association. Dr. Hochman was awarded the 2020 Lifetime Achievement Award by the Puget Sound Business Journal and in 2019, the National Center for Healthcare Leadership honored him as the recipient of the Gail L. Warden Leadership Excellence Award. He was also named the 2015 Innovator of the Year by Press Ganey and is the recipient of the 2017 Partners in Care Foundation Vision and Excellence in Health Care Leadership Award. Dr. Hochman served as a clinical fellow in internal medicine at Harvard Medical School and Dartmouth Medical School. In addition, he is a Fellow of the American College of Physicians and a Fellow of the American College of Rheumatology. Dr. Hochman received his bachelor’s degree and medical degree from Boston University.
About Diversey
Diversey’s mission is to protect and care for people through leading hygiene, infection prevention, and cleaning solutions. We develop and deliver innovative products, services, and technologies that save lives and protect our environment. Over the course of 95 years, the Diversey brand has become synonymous with product quality, service, and innovation.
For more information, visit www.diversey.com or follow us on LinkedIn, Facebook, or Twitter @diversey.
Diversey Holdings, Ltd.
Investor Contact:
Grant Graver
ir@diversey.com
Cover |
Sep. 01, 2021 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Sep. 01, 2021 |
| Entity File Number | 001-40293 |
| Entity Registrant Name | Diversey Holdings, Ltd. |
| Entity Central Index Key | 0001831617 |
| Entity Tax Identification Number | 00-0000000 |
| Entity Incorporation, State or Country Code | E9 |
| Entity Address, Address Line One | 1300 Altura Road, Suite 125 |
| Entity Address, City or Town | Fort Mill |
| Entity Address, State or Province | SC |
| Entity Address, Postal Zip Code | 29708 |
| City Area Code | 803 |
| Local Phone Number | 746-2200 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Ordinary shares, $0.0001 par value |
| Trading Symbol | DSEY |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |