Current Report Filing (8-k)
June 19 2020 - 4:07PM
Edgar (US Regulatory)
0001705682
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--12-31
0001705682
2020-06-17
2020-06-18
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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):
June 18, 2020
Venator Materials PLC
(Exact name of registrant as specified in
its charter)
England and Wales
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001-38176
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98-1373159
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(State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer
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of Incorporation)
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Identification No.)
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Titanium House, Hanzard Drive, Wynyard Park,
Stockton-On-Tees, TS22 5FD, United Kingdom
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s telephone number, including
area code: +44 (0) 1740 608 001
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 obligations of the registrant under any of the following provisions (see General
Instruction A.2. below):
¨
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))
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. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
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Trading Symbol(s)
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Name of each exchange on which registered:
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Ordinary Shares, par value $0.001 per share
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VNTR
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New
York Stock Exchange
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Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) Amendment and Restatement of Venator Materials 2017
Stock Incentive Plan
As described in Item 5.07 below, on June 18, 2020 at the 2020
Annual General Meeting of Shareholders (the “Annual Meeting”) of Venator Materials PLC (the “Company”),
the Company’s shareholders approved an amendment and restatement to the Venator Materials 2017 Stock Incentive Plan (the
“Plan” and as amended and restated, the “Amended and Restated Plan”) in order to, among other items, increase
the number of shares reserved for issuance under the plan by 5,000,000 shares.
A summary of the Amended and Restated Plan is set forth in the
Company’s definitive proxy statement filed with the Securities and Exchange Commission on May 18, 2020 (the “Proxy
Statement”). That summary and the above description of the Amended and Restated Plan do not purport to be complete and are
qualified in their entirety by reference to the Amended and Restated Plan, which is filed as Exhibit 10.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year
As described in Item 5.07 below, at the Annual Meeting, the
Company’s shareholders approved an amendment and restatement of the Company’s Amended and Restated Articles of Association
(the “Articles” and as amended and restated, the “Amended and Restated Articles”) to amend and restate
article 130.1 therein. The Amended and Restated Articles became effective upon approval on June 18, 2020. A copy of the
Amended and Restated Articles is attached hereto as Exhibit 3.1 and is incorporated into this Item 5.03 by reference.
Item 5.07 Submission of Matters to a Vote of Security
Holders
(a) The Annual Meeting of the Company was held on June
18, 2020.
(b) The Company’s shareholders voted on the following
proposals at the Annual Meeting and cast their votes as follows:
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Proposal 1
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The
six nominees named below were elected to serve as directors of the board of directors, to serve until the 2021 Annual General
Meeting, and the voting results were as follows:
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Directors
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For
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Against
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Abstain
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Broker Non-Votes
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Peter R. Huntsman
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81,244,342
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3,084,608
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167,815
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4,337,250
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Simon Turner
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84,189,271
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152,004
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155,490
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4,337,250
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Sir Robert J. Margetts
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82,864,309
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1,454,820
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177,636
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4,337,250
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Douglas D. Anderson
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82,896,772
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1,422,252
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177,741
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4,337,250
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Daniele Ferrari
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84,182,460
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135,065
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179,240
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4,337,250
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Kathy D. Patrick
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84,098,990
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217,829
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179,946
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4,337,250
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Proposal 2
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The
non-binding advisory vote to approve named executive officer compensation was approved as set forth below.
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For
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Against
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Abstain
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Broker Non-Votes
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84,007,525
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330,111
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159,129
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4,337,250
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Proposal 3
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The
vote to receive the U.K. audited annual report and accounts and related directors’ and auditors’ reports for the year
ended December 31, 2019 was approved as set forth below.
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For
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Against
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Abstain
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88,413,618
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214,496
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205,901
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Proposal 4
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The
vote to approve the Company’s directors' remuneration policy included in the directors’ remuneration report was approved
as set forth below.
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For
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Against
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Abstain
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Broker Non-Votes
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84,176,287
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156,716
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163,762
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4,337,250
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Proposal 5
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The
non-binding advisory vote to approve the directors' remuneration report for the year ended December 31, 2019 was approved as set
forth below.
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For
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Against
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Abstain
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Broker Non-Votes
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84,015,052
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318,371
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163,342
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4,337,250
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Proposal 6
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The
ratification of the appointment of Deloitte LLP as independent registered public accounting firm for the year ended December 31,
2020 was approved as set forth below.
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For
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Against
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Abstain
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88,224,402
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448,616
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160,997
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Proposal 7
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The
vote to approve the re-appointment of Deloitte LLP as U.K. statutory auditor until the next annual general meeting at which the
Company’s annual report and accounts are laid was approved as set forth below.
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For
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Against
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Abstain
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88,224,402
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448,616
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160,997
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Proposal 8
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The
vote to authorize the Company’s board of directors or the Audit Committee to determine the remuneration of Deloitte LLP
as U.K. statutory auditor was approved as set forth below.
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For
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Against
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Abstain
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88,260,550
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404,282
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169,183
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Proposal 9
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The
vote to authorize the Company and its current or future subsidiaries to make political donations and incur political expenditure
was approved as set forth below.
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For
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Against
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Abstain
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87,791,264
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876,600
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166,151
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Proposal 10
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The
vote to approve the amendment and restatement of the Venator Materials 2017 Stock Incentive Plan was approved as set forth below.
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For
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Against
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Abstain
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Broker Non-Votes
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74,878,536
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9,442,519
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175,710
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4,337,250
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Proposal 11
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The
vote to approve the amendment and restatement of the Company’s Articles of Association was approved as set forth below.
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For
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Against
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Abstain
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Broker Non-Votes
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71,069,688
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13,254,707
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172,370
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4,337,250
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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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VENATOR MATERIALS PLC
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/s/ SEAN PETTEY
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Assistant Secretary
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Dated: June 19, 2020
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