Celanese Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Celanese Corporation on September 17, 2018. The report details the results of a Special Meeting of Stockholders held on the same date to approve amendments to the Company's Second Amended and Restated Certificate of Incorporation.
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 corporate governance and stockholder voting matters rather than financial performance.
Material Changes
The primary material change reported is the amendment to Article IV of the Company's Restated Certificate of Incorporation, effective September 17, 2018. The changes include:
- Elimination of the Series B Common Stock as an authorized series.
- Redesignation of Series A Common Stock as "Common Stock, par value $0.0001 per share."
- Deletion of provisions relating to Series B Common Stock from the Restated Certificate.
Stockholder Voting Results
As of the record date of July 27, 2018, there were 134,962,322 shares of Series A Common Stock issued and outstanding. The voting results for the two proposals were as follows:
| Proposal | Voted For | Voted Against | Abstain |
|---|---|---|---|
| Approval of Amendment to Certificate of Incorporation | 122,526,681 | 52,572 | 63,972 |
| Approval of Adjournment/Postponement of Special Meeting | 117,168,129 | 5,420,167 | 54,929 |
Outlook, Risks, and Contingencies
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the effective date of the Certificate of Amendment filed with the Delaware Secretary of State (September 17, 2018).
- Confirm the total number of shares outstanding entitled to vote (134,962,322).
- Review the definitive proxy statement filed on August 8, 2018, for full details on the amendment rationale.
- Note that the Series B Common Stock has been eliminated and Series A has been redesignated as standard Common Stock.