UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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. |
On September 15, 2021, Univar Solutions Inc. (the “Company”) entered into a Letter Agreement (“Letter Agreement”) with Nicholas Powell, Senior Vice President, President Specialty Chemicals & Ingredients and Regional President EMEA & Asia Pacific and a named executive officer of the Company, in connection with Mr. Powell’s relocation to The Woodlands, Texas, United States from England, for twelve (12) months, effective as of October 1, 2021.
Under the Letter Agreement, Mr. Powell’s base salary and incentive compensation remains the same. Mr. Powell will receive certain relocation benefits, including, without limitation, a housing allowance of up to Six Thousand Dollars ($6,000) per month, a relocation allowance of Fifteen Thousand Dollars ($15,000) both at the beginning and the end of the relocation assignment, and reimbursement for other customary relocation expenses. Mr. Powell will also receive tax equalization benefits and tax advisor support related to his U.S. assignment.
The foregoing description of the Letter Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Letter Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated into this Item 5.02 by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
| Exhibit Number |
Description | |
| 10.1 | Letter Agreement between the Company and Nicholas Powell | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 17, 2021 | Univar Solutions Inc. | |||
| By: | /s/ Noelle J. Perkins | |||
| Name: | Noelle J. Perkins | |||
| Title: | Senior Vice President, General Counsel and Secretary | |||