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): May 21, 2018
FMC CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 1-2376 | 94-0479804 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2929 Walnut Street, Philadelphia, PA | 19104 | |
(Address of Principal Executive Offices) | (Zip Code) |
(215) 299-6000
(Registrants telephone number, including area code)
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 |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
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 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 21, 2018, FMC Corporation (the Company) announced that, effective June 1, 2018, Mark A. Douglas, age 55, will become the President and Chief Operating Officer of the Company. Mr. Douglas joined the Company in March 2010 as Vice President of Global Operations and International Development and as a member of the Executive Committee. In 2011, he was named President of the Companys Industrial Chemicals Group. Mr. Douglas has been serving as President of the Companys Agricultural Solutions segment since October 1, 2012. Prior to joining the Company, Mr. Douglas served as Vice President, President Asia at Dow Advanced Materials, a division of Dow Chemical, from 2009 to 2010. Mr. Douglas also currently serves as a board member of the Quaker Chemical Corporation.
There are no family relationships between Mr. Douglas and any of the Companys directors and officers. There has been no arrangement or understanding between Mr. Douglas and any other person pursuant to which Mr. Douglas was appointed to this position. Further, Mr. Douglas is not party to any transaction that would require disclosure under Item 404(a) of Regulation S-K.
In connection with his promotion and in light of his increased responsibilities, the Companys Compensation Committee increased Mr. Douglass base salary and target annual incentive opportunity, effective on June 1, 2018. Mr. Douglass annual base salary was increased to $765,000 and his target annual incentive opportunity was increased to 80% of his annual base salary.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit Number |
Exhibit Title | |
99.1 |
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.
FMC Corporation | ||||||
Date: May 21, 2018 | By: | /s/ Andrea Utecht | ||||
Name: Andrea Utecht | ||||||
Title: Executive Vice President, General Counsel and Secretary |
3
Exhibit 99.1
FMC Corporation 2929 Walnut Street Philadelphia, PA 19104 USA
215.299.6000 fmc.com |
For Release: Immediate
Media contact: Ken Gedaka +1.215.299.6150
ken.gedaka@fmc.com
Investor contact: Michael Wherley +1.215.299.6543
michael.wherley@fmc.com
FMC Announces Leadership Appointments
PHILADELPHIA, May 21, 2018 FMC Corporation (NYSE: FMC) today announced several changes to its executive leadership, effective June 1, 2018.
Mark Douglas, president of FMC Agricultural Solutions, has been appointed president and chief operating officer. He will lead FMCs operational, commercial and technology organizations.
Kathy Shelton, global director of Research and Development, has been appointed FMC vice president and chief technology officer.
Diane Allemang, global director of Global Portfolio Strategy and Management, has been appointed FMC vice president and chief marketing officer.
Susanne Lingard, global director of Regulatory Affairs, has been appointed FMC vice president, Regulatory Affairs.
Shelton, Allemang and Lingard will continue to report to Douglas.
These appointments reflect a new FMC that will be focused exclusively on the discovery, development, production and commercialization of advanced crop protection technologies, said Pierre Brondeau, CEO and chairman. We are taking steps now, in advance of the Lithium IPO, to ensure we have the right executive team and leadership structure that will continue the growth momentum and robust performance of our agricultural sciences business.
-more-
Page 2: FMC Announces Leadership Appointments
Brondeau added, Mark, Kathy, Diane and Susanne are seasoned industry leaders with exceptional skills and a strong track record in global business, technology, marketing and regulatory. I look forward to working with each of them and the rest of our executive team, which is committed to our transformation and focused on delivering industry leading performance.
About FMC
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. On November 1, 2017, FMC acquired a significant portion of DuPonts Crop Protection business. FMC employs approximately 7,000 people throughout the world and operates its businesses in two segments: FMC Agricultural Solutions and FMC Lithium. For more information, visit www.FMC.com.
Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporations 2017 Form 10-K and other SEC filings. Such information contained herein represents managements best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.
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