8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 19, 2022

EASTMAN CHEMICAL COMPANY

(Exact Name of Registrant as Specified in Its Charter)

Delaware	1-12626	62-1539359
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

200 South Wilcox Drive
Kingsport Tennessee	37662
(Address of Principal Executive Offices)	(Zip Code)

(423) 229-2000

(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))

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

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	EMN	New York Stock Exchange
1.50% Notes Due 2023	EMN23	New York Stock Exchange
1.875% Notes Due 2026	EMN26	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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On September 19, 2022, Executive Vice President Lucian Boldea notified Eastman Chemical Company (the “Company”) of his decision to resign his employment with the Company, effective as of September 30, 2022, to pursue other career opportunities.

Item 7.01 Regulation FD Disclosure.

On September 21, 2022, the Company issued a press release announcing the resignation of Lucian Boldea, Executive Vice President, as discussed in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.01 to this Current Report on Form 8-K.

Item 9.01 (d) Exhibits

Exhibit 99.01 is furnished pursuant to Item 9.01(d).

99.01	Press release announcing departure of Executive Vice President Lucian Boldea.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

Eastman Chemical Company
By:	/s/ Clark L. Jordan
	Clark L. Jordan
	Vice President, Legal and Corporate Secretary
	Date: September 21, 2022

EX-99.01

Exhibit 99.01

Eastman Announces New Executive Leadership Appointment

Travis Smith Appointed Senior Vice President, Additives & Functional Products

KINGSPORT, Tenn., Sept. 21, 2022 – Eastman Chemical Company (NYSE:EMN) announced that Travis Smith has been named Senior Vice President, Additives & Functional Products (AFP). Effective October 10, 2022, Smith will be assuming AFP responsibilities from Executive Vice President Lucian Boldea, who is stepping down to pursue an opportunity outside of Eastman.

“I am excited to welcome Travis to the Executive Team. Travis brings decades of business and operational experience and deep industry knowledge to our executive leadership,” said Mark Costa, Board Chair and Chief Executive Officer. “He is well respected for his pragmatic approach and numerous contributions advancing Eastman’s transformation to a leading material innovation company. We are fortunate to have a deep bench of talent at Eastman and Travis’s appointment underscores our continued efforts to cultivate leaders across our organization. We look forward to benefitting from Travis’s expertise and insights as we continue to deliver on our innovation-driven growth strategy and create value for our shareholders.”

Smith joined Eastman in 1992 and currently serves as Division President, Films. He has held several roles instrumental to the company’s growth and transformation, including vice president and general manager, performance films, and Asia Pacific regional business director, specialty plastics. Smith received a Bachelor of Science from the University of Tennessee and an M.B.A. from the Wharton School of the University of Pennsylvania.

“On behalf of the Board and management team, I want to thank Lucian for his many years of service to Eastman,” said Costa. “Lucian is a proven leader who has been instrumental in driving our transformational strategy forward. We are grateful for his outstanding leadership, especially during these last several years of unprecedented global challenges. I know Lucian will do well in his future endeavors, and we wish him continued success.”

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2021 revenue of approximately $10.5 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.

# # #

Contacts:

Media: Tracy Kilgore Addington

423-224-0498 / tracy@eastman.com

Investors: Greg Riddle

212-835-1620 / griddle@eastman.com

XML

Document and Entity Information	Sep. 19, 2022
Document And Entity Information [Line Items]
Entity Registrant Name	EASTMAN CHEMICAL CO
Amendment Flag	false
Entity Central Index Key	0000915389
Document Type	8-K
Document Period End Date	Sep. 19, 2022
Entity Incorporation State Country Code	DE
Entity File Number	1-12626
Entity Tax Identification Number	62-1539359
Entity Address, Address Line One	200 South Wilcox Drive
Entity Address, City or Town	Kingsport
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37662
City Area Code	(423)
Local Phone Number	229-2000
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock [Member]
Document And Entity Information [Line Items]
Security 12b Title	Common Stock, par value $0.01 per share
Trading Symbol	EMN
Security Exchange Name	NYSE
Notes Due 2023 [Member]
Document And Entity Information [Line Items]
Security 12b Title	1.50% Notes Due 2023
Trading Symbol	EMN23
Security Exchange Name	NYSE
A 1.875notesdue November 2026 [Member]
Document And Entity Information [Line Items]
Security 12b Title	1.875% Notes Due 2026
Trading Symbol	EMN26
Security Exchange Name	NYSE