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
18, 2013
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USG Corporation |
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(Exact name of registrant as specified in its charter) |
Commission File Number: 1-8864
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Delaware |
36-3329400 |
|
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(State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification No.) |
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550 West Adams Street, Chicago, Illinois |
60661-3676 |
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(Address of principal executive offices) |
(Zip Code) |
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(312) 436-4000 |
| Registrant’s 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 (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))
Section 5 – Corporate Governance and Management
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 18, 2013, USG Corporation issued a press release announcing certain organizational changes including that Christopher R. Griffin, current Executive Vice President, Operations since 2010, has been elected Executive Vice President and Chief Operating Officer effective October 1, 2013. Mr. Griffin, age 51, previously served as Senior Vice President, President, USG International, and President, CGC Inc. and has more than 28 years of experience in the building materials industry.
Effective October 1, 2013, Mr. Griffin will receive an annual base salary of $535,000 in his position as Executive Vice President and Chief Operating Officer. In addition, Mr. Griffin will be granted an award of 10,000 restricted stock units under the Company’s Long-Term Incentive Plan. This award of restricted stock will vest 50% on the second anniversary of the date of grant and 50% on the fourth anniversary of the date of grant, in each case provided that Mr. Griffin remains employed by the Company during the applicable period.
A copy of the press release is furnished with this Current Report as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 – USG Corporation press release dated September 18, 2013.
SIGNATURE
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.
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USG CORPORATION |
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Registrant |
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Date: |
September 18, 2013 |
By: |
/s/ Brian J. Cook |
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Brian J. Cook, |
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Senior Vice President, Human |
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Resources and Communications |
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EXHIBIT INDEX
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Exhibit No. |
Exhibit |
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| 99.1 |
USG Corporation press release dated September 18, 2013 |
Exhibit 99.1
USG Announces Executive Organizational Changes to Support Growth Plan
Griffin, Chief Operating Officer; Scanlon, SVP and President, International
CHICAGO--(BUSINESS WIRE)--September 18, 2013--USG Corporation (NYSE:USG), a leading building products company, today announced two executive organizational changes effective October 1st. Christopher R. Griffin, previously Executive Vice President, Operations is appointed Executive Vice President and Chief Operating Officer, USG Corporation. Jennifer F. Scanlon, previously Vice President, USG Corporation and President, International, is appointed Senior Vice President, USG Corporation and President, International. Mr. Griffin and Ms. Scanlon will report to James S. Metcalf, Chairman, President and CEO.
“Chris is an exceptionally strong leader with a deep knowledge of our industry and excellent relationships with our customers,” said James S. Metcalf, Chairman, President and CEO. “He has been instrumental in successfully implementing USG’s strategy and positioning the company to take advantage of the anticipated recovery in North American housing and construction markets.
“Jenny has done an outstanding job identifying international growth opportunities that will facilitate our goal of diversifying USG’s earnings,” Metcalf continued. “I am confident that our new operations in India and Oman, our joint venture in China, and our other international operations will continue to thrive under Jenny’s leadership.”
Since joining the company in 1997, Mr. Griffin has had responsibility for a variety of functions and departments, including sales, product management, marketing and international operations. He has more than 28 years of experience in the building materials industry.
Ms. Scanlon joined USG in 2003 as the Director of Supply Chain Management and Customer Relationship Management Strategy. In 2007, she assumed responsibility for the company’s Information Technology strategy and operations until 2010, when she was appointed Vice President, International.
“These organizational changes will facilitate the continued implementation of USG’s Plan to Win: Strengthening our core manufacturing and distribution businesses in North America and Diversifying the sources of our earnings, as we continue to Differentiate USG through innovation,” said Metcalf. “We remain confident that this is the right strategy and that we have the right resources and people to successfully implement the strategy.”
About USG
USG Corporation is a manufacturer and distributor of high-performance building systems through its United States Gypsum Company, USG Interiors, LLC, L&W Supply Corporation and other subsidiaries. Headquartered in Chicago, USG’s worldwide operations serve the commercial, residential, and repair and remodel construction markets. USG’s wall, ceiling, flooring and roofing products provide leading-edge building solutions for customers, while L&W Supply branch locations efficiently stock and deliver building materials nationwide. For additional information, visit the USG website at www.usg.com.
CONTACT:
USG Corporation
Media Inquiries: Robert Williams,
312/436-4356
Investor Relations: Matthew Ackley, 312/436-6263