Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.





Appointment of New Director

On January 11, 2022, the Board of Directors (the "Board") of Huntsman Corporation (the "Company") announced the appointment of David B. Sewell, age 53, effective January 7, 2022, to the Board. Mr. Sewell will serve a term that expires at the Company's 2022 Annual Meeting of Stockholders (the "2022 Annual Meeting").

The Board determined that Mr. Sewell is independent under the Company's independence criteria for members of its board of directors. Mr. Sewell was not selected as a director pursuant to any arrangements or understandings with the Company or with any other person, and there are no transactions between the Company and Mr. Sewell that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Sewell will be compensated for his service on the Board on the same basis as each of the Company's other non-employee directors. Annual compensation for non-employee directors is composed of cash and stock-based equity compensation. The cash compensation consists of an annual retainer and supplemental retainers for the chairs and members of Board committees. Stock-based equity compensation consists of awards granted under the Huntsman Corporation 2016 Huntsman Stock Incentive Plan in the form of stock or stock units, at the election of each director. Non-employee directors may also participate in the Huntsman Outside Director Elective Deferral Plan and the Huntsman Director Matching Gift Program. A more detailed description of compensation of directors of the Company was previously reported in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on March 18, 2021 under "Board of Directors-Director Compensation," and that section of the Definitive Proxy Statement is incorporated herein by reference.





Retirement of Director

Wayne A. Reaud, Chair of the Litigation and Public Policy and Compensation Committees announced that he will be retiring from the Board at the end of his current term immediately before the 2022 Annual Meeting.

Item 7.01. Regulation FD Disclosures.

On January 11, 2022, the Company issued a press release with respect to the foregoing matters. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.

Item 9.01. Financial Statements and Exhibits.





(d)   Exhibits.



Number                            Description of Exhibits

  99.1       Press Release dated January 11, 2022
  104      Cover Page Interactive Data File (formatted in Inline XBRL and
           contained in Exhibit 101)




                                       2

© Edgar Online, source Glimpses