- Current report filing (8-K)
July 27 2010 - 3:00PM
Edgar (US Regulatory)
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):
July 21, 2010
CORN PRODUCTS INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
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1-13397
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22-3514823
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(State or Other Jurisdiction
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(Commission
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(IRS Employer
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of Incorporation)
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File Number)
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Identification No.)
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5 Westbrook Corporate Center, Westchester, Illinois
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60154-5749
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(Address of Principal Executive Offices)
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(Zip Code)
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(708) 551-2600
(Registrants Telephone Number, Including Area Code)
Not
Applicable
(Former Name or Former Address, if Changed Since Last Report)
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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 5.02.
Departure
of Directors or Certain Officers, Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers
(b)
Election of New Director.
At its meeting on July 21, 2010, the Board of Directors of Corn
Products International, Inc. (the Company) elected Wayne M. Hewett to be
a director of the Company, effective September 14, 2010. The Board also appointed Mr. Hewett to
the Audit Committee of the Board of Directors, effective September 14,
2010.
There are no arrangements or understandings between Mr. Hewett and any
other persons pursuant to which Mr. Hewett was selected as a director.
Mr. Hewett, 45, has served
as President and Chief Executive Officer of Arysta Life Science Corporation, the
worlds largest privately held crop protection and life science company, since January 2010. Mr. Hewett joined Arysta LifeScience in October 2009
as Chief Operating Officer. He served as
a senior consultant to GenNx360, a private equity firm focused on sponsoring
buyouts of middle market companies from February 2009 to August 2009. Mr. Hewett served as Vice President,
Supply Chain and Operations of General Electric Company (GE), a diversified
technology, media and financial services company, from October 2007 to December 2008. He served as President and Chief Executive
Officer of Momentive Performance Materials, Inc., a global leader in
silicones and advanced materials, from December 2006 to June 2007. From 2005 to December 2006 Mr. Hewett
served as President and Chief Executive Officer of GE Advanced Materials, a
global leader in providing a range of high-technology materials solutions that
was renamed Momentive Performance Materials, Inc. after it was acquired by
Apollo Management, a private equity firm.
Prior thereto Mr. Hewetts career includes more than 15 years with
various international divisions of GE, including roles as the President, GE
Plastics Pacific. Mr. Hewett also
served as a member of GEs Corporate Executive Counsel. Mr. Hewett, who has lived in Japan and
in China, was also a member of GEs Corporate Executive Council. He holds a
bachelors degree and a masters degree in industrial engineering from Stanford
University.
Mr. Hewett will receive compensation consistent with that provided to
all non-employee directors, as described in the discussion under the heading
Director Compensation on page 19 of the Companys Proxy Statement dated April
9, 2010. The Company will enter into a standard indemnification agreement with
Mr. Hewett.
There have been no transactions, nor are there any currently proposed
transactions, to which the Company was or is to be a participant and in which
Mr. Hewett or any member of his immediate family had, or will have, a direct or
indirect material interest.
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SIGNATURES
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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CORN PRODUCTS INTERNATIONAL, INC.
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Date:
July 27, 2010
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By:
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/s/
Cheryl K. Beebe
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Cheryl
K. Beebe
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Vice
President and Chief Financial Officer
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