Huntsman Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Huntsman Corporation on February 17, 2012. The report discloses a change in the Company's executive leadership structure effective on the date of the report.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Randy W. Wright as Vice President and Controller, effective February 17, 2012. Mr. Wright replaces L. Russell Healy, who retired from the position of Controller. Mr. Wright previously served as the Company's Assistant Controller and Director of Financial Reporting and has been with the Company since 2004.
Management Commentary and Compensation
Mr. Wright's compensation package includes salary, cash performance awards, and stock-based equity compensation, consistent with his seniority and scope of responsibility. As an executive officer, he is now eligible to participate in the Company's supplemental retirement plan and certain supplemental defined contribution plans. Details regarding these plans are referenced in the Company's Proxy Statement dated March 25, 2011.
Investor Verification Checklist
- Verify the effective date of Randy W. Wright's appointment as Vice President and Controller.
- Confirm the retirement status of the former Controller, L. Russell Healy.
- Review the Company's Proxy Statement dated March 25, 2011, for details on the supplemental retirement and defined contribution plans mentioned.
- Note that this filing contains no financial results or guidance updates.