UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): August 25, 2021
LYONDELLBASELL INDUSTRIES N.V.
(Exact Name of Registrant as Specified in Charter)
The Netherlands | 001-34726 | 98-0646235 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1221 McKinney St. Suite 300 Houston, Texas USA 77010 | 4th Floor, One Vine Street London W1J0AH The United Kingdom | Delftseplein 27E 3013 AA Rotterdam The Netherlands | ||
(Addresses of principal executive offices) |
(713) 309-7200 | +44 (0)207 220 2600 | +31 (0)10 275 5500 |
(Registrant’s telephone numbers, including area codes) |
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:
¨ 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))
Securities registered pursuant to Section 12(b) of the Act
Title of Each Class | Trading Symbol | Name of Each Exchange On Which Registered | ||
Ordinary Shares, € 0.04 Par Value | LYB | New York Stock Exchange |
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. ¨
United Kingdom [Member] |
Netherlands [Member] |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 25, 2021, LyondellBasell Industries N.V. (the “Company”) announced that Bhavesh V. (Bob) Patel, Chief Executive Officer and Director of LyondellBasell Industries N.V. (the “Company”), has provided the Company with notice of his intent to retire. Mr. Patel will be employed through December 31, 2021 under the terms of the Employment Agreement dated January 12, 2015 (as amended March 6, 2017 and November 30, 2018, the “Employment Agreement”) between Mr. Patel, the Company, and its wholly-owned subsidiary, Lyondell Chemical Company.
In connection with his retirement, Mr. Patel will receive the payments and benefits consistent with those described under the section titled “Executive Compensation—Potential Payments Upon Termination or Change in Control—Retirement” in the Company’s 2020 proxy statement and as set forth in the Employment Agreement.
Upon departure, Mr. Patel will also resign from the Company’s Board of Directors; Mr. Patel’s resignation is not due to any disagreements with the Company on any matter related to its operations, policies, or practices.
A copy of the news release relating to this disclosure is furnished herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 | Press Release dated August 25, 2021 |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
LYONDELLBASELL INDUSTRIES N.V. | ||
Date: August 25, 2021 | By: | /s/ Jeffrey A. Kaplan |
Jeffrey A. Kaplan | ||
Executive Vice President and Chief Legal Officer |