UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 February 13, 2020, Max L. Lukens informed Westlake Chemical Corporation (the “Company”) of his intention not to stand for reelection to the Company’s Board of Directors (the “Board”) at the Company’s 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”). Mr. Lukens intends to retire from the Board upon the expiration of his current term at the 2020 Annual Meeting. Mr. Lukens’ decision not to stand for reelection was not the result of any disagreement with the Company, the Company’s management or the Company’s Board of Directors.
On February 14, 2020, the Company appointed Johnathan Zoeller, age 44, as Vice President and Chief Accounting Officer of the Company, to be effective upon the retirement of his predecessor, George J. Mangieri, who, as previously disclosed, intends to retire around March 31, 2020. Mr. Zoeller will serve as the Company’s principal accounting officer. Since August 2018, Mr. Zoeller has served as Vice President and Corporate Controller of the Company. Mr. Zoeller joined the Company with over 19 years of public accounting experience, the majority of which was spent at KPMG LLP, where he held a variety of senior accounting positions, including most recently as Partner, Audit from October 2011 to August 2018. He began his career with Arthur Andersen LLP in 1998. Mr. Zoeller holds a Bachelor of Accounting degree and a Master of Accounting degree from the University of Mississippi. He is a Certified Public Accountant.
There are no family relationships between Mr. Zoeller and any director or executive officer of the Company. Mr. Zoeller does not have any interest in any transactions requiring disclosure under Item 404(a) of Regulation S-K, and there are no arrangements or understandings between Mr. Zoeller and any other person pursuant to which he was appointed as an officer of the Company.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibit is furnished herewith:
99.1 |
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104 |
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURE
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.
WESTLAKE CHEMICAL CORPORATION | ||||
Date: February 18, 2020 |
By: |
/s/ Albert Chao | ||
Albert Chao President and Chief Executive Officer |
Exhibit 99.1
Westlake Chemical Appoints Johnathan Zoeller Chief Accounting Officer
HOUSTON, February 18, 2020 Westlake Chemical Corporation (NYSE: WLK) today announced that its board of directors has appointed Johnathan Zoeller, 44, to serve as the companys vice president and chief accounting officer. His appointment will become effective upon the retirement of his predecessor, George Mangieri, who, as previously disclosed, plans to retire from the company about March 31, 2020.
Mr. Zoeller joined Westlake in August 2018, as vice president and corporate controller. With over 19 years of public accounting experience, Mr. Zoeller previously was an audit partner with KPMG in its Houston office, where he was responsible for clients in the chemicals, oilfield services and oil/gas exploration and production industries. Mr. Zoeller, a Certified Public Accountant, began his career with Arthur Andersen LLP in 1998. He holds bachelors and masters degrees in accounting from the University of Mississippi.
We are extremely grateful to George for his nearly 20 years of service to Westlake and wish him the very best in his retirement. He joined the company while we were private and helped take the company public in 2004, said Albert Chao, president and chief executive officer. We are also very pleased to appoint John as Georges successor as principal accounting officer, particularly with his deep knowledge of public company accounting and the petrochemicals industry. Over the last two years, George and John have worked closely to ensure a smooth functional transition upon Georges retirement.
About Westlake
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with its headquarters in Houston. Highly integrated along our olefins and vinyls product chains, the company produces: ethylene; polyethylene; propylene; styrene; chlor-alkali and derivative products; PVC suspension and specialty resins; PVC compounds; building products including pipe, fittings and specialty components, decking, roofing, siding, trim and molding, and window lineals; and PVC film. For more information, visit the companys web site at www.westlake.com.
Contacts:
Media Relations, Ben Ederington, 713-585-2900
or
Investor Relations, Steve Bender, 713-585-2900
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