Huntsman Corporation 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Huntsman Corporation on February 9, 2011, reporting events occurring on February 3, 2011. The filing addresses corporate governance changes regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel and governance matters.
Material Changes
The primary material change reported is the departure of a director and subsequent board appointments:
- Resignation: H. William Lichtenberger resigned from the Board of Directors. The resignation is effective as of the annual meeting of stockholders on May 5, 2011.
- Reason: The resignation was tendered in accordance with Corporate Governance Guidelines requiring directors (who are not executive officers) to offer resignation upon reaching age 75.
- Appointments: The Board appointed the following individuals, effective as of the next annual meeting of stockholders:
- Nolan D. Archibald: Vice Chairman and Lead Independent Director.
- Marsha J. Evans: Member of the Audit Committee.
- Patrick T. Harker: Chair of the Nominating and Corporate Governance Committee.
- M. Anthony Burns: Member of the Nominating and Corporate Governance Committee.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirm the effective date of H. William Lichtenberger's resignation (May 5, 2011).
- Verify the new roles assigned to Nolan D. Archibald, Marsha J. Evans, Patrick T. Harker, and M. Anthony Burns.
- Review the Company's Corporate Governance Guidelines regarding director age limits.