0001104659-17-035962.txt : 20170530 0001104659-17-035962.hdr.sgml : 20170529 20170530110448 ACCESSION NUMBER: 0001104659-17-035962 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20170530 DATE AS OF CHANGE: 20170530 GROUP MEMBERS: HUNTSMAN FOUNDATION GROUP MEMBERS: JON M. HUNTSMAN GROUP MEMBERS: P&B CAPITAL, L.C. GROUP MEMBERS: PETER R. HUNTSMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Huntsman CORP CENTRAL INDEX KEY: 0001307954 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 421648585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80566 FILM NUMBER: 17876031 BUSINESS ADDRESS: STREET 1: 10003 WOODLOCH FOREST DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: (281) 719-6000 MAIL ADDRESS: STREET 1: 10003 WOODLOCH FOREST DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Huntsman Family Holdings CO LLC CENTRAL INDEX KEY: 0001315096 IRS NUMBER: 680518490 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 500 HUNTSMAN WAY CITY: SALT LAKE CITY STATE: UT ZIP: 84108 BUSINESS PHONE: (801) 584-5700 MAIL ADDRESS: STREET 1: 500 HUNTSMAN WAY CITY: SALT LAKE CITY STATE: UT ZIP: 84108 SC 13D/A 1 a17-14349_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D/A

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 14)

 

Huntsman Corporation

(Name of Issuer)

 

Common Stock, $0.01 par value per share

(Title of Class of Securities)

 

447011 10 7

(CUSIP Number)

 

David M. Stryker, 10003 Woodloch Forest Drive, The Woodlands, Texas 77380, (281) 719-6000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

May 21, 2017

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   447011 10 7

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only).
The Huntsman Foundation

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization:
Utah

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
17,492,067 shares of Common Stock

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
17,492,067 shares of Common Stock

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
17,492,067 shares of Common Stock

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
7.3%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

2



 

CUSIP No.   447011 10 7

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only).
Huntsman Family Holdings Company LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization:
Utah

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
10,338,856 shares of Common Stock

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
10,338,856 shares of Common Stock

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
10,338,856 shares of Common Stock

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.3%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

3



 

CUSIP No.   447011 10 7

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only).
P&B Capital, L.C.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization:
Utah

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
933,328 shares of Common Stock

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
933,328 shares of Common Stock

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
933,328 shares of Common Stock

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.4%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

4



 

CUSIP No.   447011 10 7

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only).
Jon M. Huntsman

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization:
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
383,610 shares of Common Stock

 

8.

Shared Voting Power
27,830,923 shares of Common Stock

 

9.

Sole Dispositive Power
383,610 shares of Common Stock

 

10.

Shared Dispositive Power
27,830,923 shares of Common Stock

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
28,214,533 shares of Common Stock

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
11.8%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

5



 

CUSIP No.   447011 10 7

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of Above Persons (Entities Only).
Peter R. Huntsman

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization:
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
4,032,720 shares of Common Stock

 

8.

Shared Voting Power
933,328 shares of Common Stock

 

9.

Sole Dispositive Power
4,032,720 shares of Common Stock

 

10.

Shared Dispositive Power
933,328 shares of Common Stock

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,966,048 shares of Common Stock

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1.7%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

6



 

EXPLANATORY NOTE

 

This Statement on Schedule 13D, as amended as of the date hereof (this “Statement”), is being jointly filed by each of the following persons pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission (the “Commission”) pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (i) The Huntsman Foundation, a Utah nonprofit corporation (“Huntsman Foundation”); (ii) Huntsman Family Holdings Company LLC, a Utah limited liability company (“Huntsman Family Holdings”); (iii) P&B Capital, L.C., a Utah limited liability company (“P&B”); (iv) Jon M. Huntsman (“J. Huntsman”); and (v) Peter R. Huntsman (“P. Huntsman”).  Huntsman Foundation, Huntsman Family Holdings, P&B, J. Huntsman, and P. Huntsman are referred to collectively as the “Reporting Persons.”  In this Schedule 13D, the “Company” refers to Huntsman Corporation, a Delaware corporation, and “Shares” refers to shares of Common Stock, $0.01 par value per share, of the Company.

 

Except as amended and supplemented hereby, the amended and restated Schedule 13D (Amendment No. 13) filed by the Reporting Persons on June 6, 2013 (the “A&R Schedule 13D”) remains in full force and effect and should be read together with this Statement. Unless otherwise indicated herein, all capitalized terms used herein shall have the meanings given to them in the A&R Schedule 13D.

 

Item 1. Security and Issuer

 

Item 1 is deleted in its entirety and restated as follows:

 

This Statement relates to the Common Stock, $0.01 par value per share, of the Company. The principal executive offices of the Company are located at 10003 Woodloch Forest Drive, The Woodlands, Texas 77380.

 

Item 2. Identity and Background.

 

Item 2 is deleted in its entirety and restated as follows:

 

This Statement is filed jointly by the Reporting Persons. The Reporting Persons have entered into a revised Joint Filing Agreement dated as of May 30, 2017, a copy of which is included as an Exhibit to this Statement, pursuant to which they have agreed to file this Statement jointly in accordance with the provisions of Rule 13d-1(k) of the Exchange Act. The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this Statement. Pursuant to Rule 13d-4 of the Exchange Act, the Reporting Persons expressly declare that the filing of this Statement shall not be construed as an admission that any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Exchange Act or otherwise, the beneficial owner of any securities covered by this Statement held by any other person.

 

Huntsman Foundation’s principal business is to support the Huntsman Cancer Institute (HCI) of the University of Utah Health Sciences. The name, business address, present principal occupation or employment and citizenship of each director and executive officer of Huntsman Foundation are set forth in Schedule A.

 

Huntsman Family Holdings’ principal business is to hold Shares. The name, business address, present principal occupation or employment and citizenship of each manager and executive officer of Huntsman Family Holdings are set forth in Schedule B.

 

P&B’s principal business is to hold Shares. The name, business address, present principal occupation or employment and citizenship of each manager and executive officer of P&B are set forth in Schedule C.

 

The principal occupation of J. Huntsman is serving as Executive Chairman of the Board of Directors of the Company. The principal occupation of P. Huntsman is serving as President and Chief Executive Officer and as a director of the Company. Each of J. Huntsman and P. Huntsman are citizens of the United States of America. J. Huntsman is the father of P. Huntsman. The business address of J. Huntsman, Huntsman Foundation, Huntsman Family Holdings and P&B is 500 Huntsman Way, Salt Lake City, Utah 84108. The business address of P. Huntsman is 10003 Woodloch Forest Dr., The Woodlands, Texas 77380.

 

7



 

None of the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the other persons listed on Schedules A, B or C attached hereto, has been convicted in a criminal proceeding in the past five years (excluding traffic violations or similar misdemeanors).

 

During the past five years, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the other persons listed on Schedules A, B or C attached hereto, was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Information with respect to each Reporting Person is given solely by such Reporting Person and no Reporting Person assumes responsibility for the accuracy or completeness of the information furnished by another Reporting Person.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

Item 3 is hereby amended and supplemented by the addition of the following:

 

The Voting and Support Agreement (defined below) (the terms of which are hereby incorporated by reference) was entered into between the Reporting Persons. No Reporting Person paid any amount in connection with the execution and delivery of the Voting and Support Agreement and as a result no funds were used for such purpose.

 

Item 4. Purpose of Transaction.

 

Item 4 is hereby amended and supplemented by the addition of the following:

 

On May 21, 2017, the Reporting Persons entered into a Voting and Support Agreement (the “Voting and Support Agreement”) in relation to an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Clariant Ltd, a Swiss corporation (“Clariant”), and HurricaneCyclone Corporation, a Delaware corporation and wholly-owned subsidiary of Clariant (“Merger Sub”), pursuant to which, subject to the satisfaction or waiver of certain conditions, Merger Sub will merge with and into the Company, with the Company being the surviving corporation and a wholly-owned subsidiary of Clariant (the “Merger”).

 

Pursuant to the Voting and Support Agreement, among other things, the Reporting Persons agreed to vote their Shares:

 

(i)            in favor of the Merger and the transactions contemplated thereby and all matters presented to stockholders of the Company in connection with the Merger at every meeting of stockholders at which such matters are considered; and

 

(ii)           against (a) any action or agreement that could compete or interfere with or adversely affect the Merger, and (b) any acquisition of material amounts of stock or equity interests in, or merger, consolidation or other sale, transfer or business combination involving the Company or any of its subsidiaries or material assets, in each case with a party other than Clariant.

 

In addition, the Reporting Persons agreed not to:

 

(i)            whether directly or indirectly, sell, transfer, tender, exchange, convert, pledge, deposit, assign, otherwise dispose of (including by gift) or encumber any of their Shares to any person, subject to certain exceptions including for pre-existing charitable commitments or pursuant to Rule 10b5-1 plans;

 

(ii)           solicit, initiate or encourage or facilitate a competing offer or any inquiry, proposal or offer which would be reasonably expected to lead to such a competing offer, or participate in or engage in any negotiations regarding any of the foregoing; and

 

(iii)          without the prior consent of Clariant, make any public statement or announcement or publication of any press release or filing (a) related to the Merger Agreement, the Merger or the Voting and Support Agreement (other than as required by

 

8



 

applicable law), (b) related to any competing offer, proposal or inquiry, or (c) that is inconsistent with the goal of completing the Merger.

 

The Voting and Support Agreement automatically terminates upon the earliest of (i) the completion of the Merger, (ii) the date that is three (3) months following the date on which the Merger Agreement has been terminated, and (iii) May 21, 2018.

 

The foregoing summary of the Voting and Support Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Voting and Support Agreement, a copy of which is incorporated herein by reference as Exhibit 2.

 

The last two paragraphs of Item 4 are hereby amended and restated with the following two paragraphs:

 

This Statement is filed jointly by the Reporting Persons. The Reporting Persons have entered into a revised Joint Filing Agreement dated as of May 30, 2017, a copy of which is included as an Exhibit to this Statement, pursuant to which they have agreed to file this Statement jointly in accordance with the provisions of Rule 13d-1(k) of the Exchange Act. The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this Statement. Pursuant to Rule 13d-4 of the Exchange Act, the Reporting Persons expressly declare that the filing of this Statement shall not be construed as an admission that any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Exchange Act or otherwise, the beneficial owner of any securities covered by this Statement held by any other person.

 

Except as described in this Item 4, none of the Reporting Persons nor, to the best knowledge of such persons, any other person named in Schedules A, B, C to this Statement, has formulated any plans or proposals which relate to or would result in any matter required to be disclosed in response to paragraphs (a) through (j) of Item 4 of Schedule 13D.

 

Item 5. Interest in Securities of the Issuer.

 

Item 5 is deleted in its entirety and restated as follows:

 

(a)   (i)            Aggregate number of shares beneficially owned: See Row 11 of cover page for each Reporting Person.

 

(ii)           Percentage: See Row 13 of cover page for each Reporting Person.

 

(b)   (i)            Sole power to vote or to direct vote: See Row 7 of cover page for each Reporting Person.

 

(ii)           Shared power to vote or to direct vote: See Row 8 of cover page for each Reporting Person.

 

(iii)          Sole power to dispose or to direct the disposition: See Row 9 of cover page for each Reporting Person.

 

(iv)          Shared power to dispose or to direct disposition: See Row 10 of cover page for each Reporting Person.

 

(c)   The Reporting Persons did not engage in any transactions with respect to the Shares within the last 60 days, except for the following:

 

(i)            J. Huntsman sold (a) 100,000 Shares into the open market at a weighted average price of $24.6555 per Share on April 3, 2017 and (b) 100,000 Shares into the open market at a weighted average price of $25.516 per Share on April 25, 2017. These open market sales were effected pursuant to a Rule 10b5-1 trading plan adopted by J. Huntsman on March 10, 2017. The sales were completed in accordance with Rule 144 under the Securities Act of 1933, as amended.

 

(ii)           Huntsman Family Holdings sold (a) 145,632 Shares into the open market at a weighted average price of $25.2574 per Share on April 27, 2017 at the request of one of the members of Huntsman Family Holdings (other than J. Huntsman) and (b) 283,546 Shares into the open market at a weighted average price of $25.2574 per Share on April 27, 2017 at the request of another member of Huntsman Family Holdings (other than J. Huntsman). These open market sales were completed in accordance with Rule 144 under the Securities Act of 1933, as amended.

 

(d)   Not applicable.

 

(e)   Not applicable.

 

9



 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Item 6 is hereby amended and supplemented by the addition of the following:

 

The information contained in Item 3, Item 4 and Item 5 is incorporated herein by reference.

 

Item 7. Material to be Filed as Exhibits

 

Item 7 is deleted in its entirety and restated as follows:

 

Exhibit 1

 

Joint Filing Agreement dated as of May 30, 2017 by and among The Huntsman Foundation, Huntsman Family Holdings Company LLC, P&B Capital, L.C., Jon M. Huntsman and Peter R. Huntsman.

 

 

 

Exhibit 2

 

Voting and Support Agreement dated as of May 21, 2017 by and among Huntsman Foundation, Huntsman Family Holdings Company LLC, Jon M. Huntsman, Peter R. Huntsman, and P&B Capital, L.C.

 

 

 

Exhibit 24.1

 

Power of Attorney for The Huntsman Foundation.

 

 

 

Exhibit 24.2

 

Power of Attorney for P&B Capital, L.C.

 

 

 

Exhibit 24.3(*)

 

Power of Attorney for Peter R. Huntsman (filed with Amendment No. 8 to this Statement on September 24, 2009).

 

 

 

Exhibit 24.4(*)

 

Power of Attorney for Huntsman Family Holdings Company LLC (filed with Amendment No. 8 to this Statement on September 24, 2009).

 

 

 

Exhibit 24.5(*)

 

Power of Attorney for Jon M. Huntsman (filed with Amendment No. 8 to this Statement on September 24, 2009).

 


(*)           Previously filed as an exhibit to the Statement.

 

10



 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

 

Date: May 30, 2017

THE HUNTSMAN FOUNDATION

 

 

 

 

 

By:

/s/ Jon M. Huntsman

 

Name: Jon M. Huntsman

 

Title: Chairman

 

 

 

 

 

HUNTSMAN FAMILY HOLDINGS COMPANY LLC

 

 

 

By:

/s/ Jon M. Huntsman

 

Name: Jon M. Huntsman

 

Title: President

 

 

 

 

 

P&B CAPITAL, L.C.

 

 

 

 

 

By:

/s/ Peter R. Huntsman

 

Name: Peter R. Huntsman

 

Title: Manager

 

 

 

 

 

/s/ Jon M. Huntsman

 

Jon M. Huntsman

 

 

 

 

 

/s/ Peter R. Huntsman

 

Peter R. Huntsman

 

11



 

SCHEDULE A

 

EXECUTIVE OFFICERS AND DIRECTORS
OF
THE HUNTSMAN FOUNDATION

 

The name and titles of the executive officers and directors of The Huntsman Foundation, a Utah nonprofit corporation and their principal occupations are set forth below. Unless otherwise indicated in the Statement, each such person is a United States citizen and the business address of each such person is 500 Huntsman Way, Salt Lake City, Utah 84108.

 

Name

 

Principal Occupation

 

 

 

Jon M. Huntsman

 

Executive Chairman of Huntsman Corporation

 

 

 

Karen H. Huntsman

 

Retired

 

 

 

David H. Huntsman

 

Self-employed

 

 

 

Peter R. Huntsman

 

President and Chief Executive Officer and director of the Huntsman Corporation

 

 

 

Christena Huntsman Durham

 

Retired

 

 

 

Christopher H. Huffman

 

Self-employed

 

 

 

Paul C. Huntsman

 

Self-employed

 

 

 

James H. Huntsman

 

Self-employed

 

 

 

Jennifer Huntsman Parkin

 

Retired

 

 

 

Thomas E. Muir

 

Vice President of Huntsman Corporation

 

 

 

Ronald G. Moffitt

 

Attorney

 

12



 

SCHEDULE B

 

EXECUTIVE OFFICERS AND MANAGERS
OF
HUNTSMAN FAMILY HOLDINGS COMPANY LLC

 

The name and titles of the executive officers and managers of Huntsman Family Holdings Company LLC and their principal occupations are set forth below. Unless otherwise indicated in the Statement, each such person is a United States citizen and the business address of each such person is 500 Huntsman Way, Salt Lake City, Utah 84108.

 

Name

 

Principal Occupation

 

 

 

Jon M. Huntsman

 

Executive Chairman of Huntsman Corporation

 

 

 

Karen H. Huntsman

 

Retired

 

 

 

David H. Huntsman

 

Self-employed

 

 

 

James H. Huntsman

 

Self-employed

 

 

 

Paul C. Huntsman

 

Self-employed

 

 

 

David S. Parkin

 

Self-employed

 

 

 

Richard R. Durham

 

Self-employed

 

13



 

SCHEDULE C

 

EXECUTIVE OFFICERS AND MANAGERS
OF
P&B CAPITAL, L.C.

 

The name and titles of the executive officers and managers of P&B Capital, L.C., a Utah limited liability company and their principal occupations are set forth below. Unless otherwise indicated in the Statement, each such person is a United States citizen and the business address of each such person is 10003 Woodloch Forest Drive, The Woodlands, Texas 77380.

 

Name

 

Principal Occupation

 

 

 

Peter R. Huntsman

 

President and Chief Executive Officer and director of the Huntsman Corporation

 

 

 

Brynn Huntsman

 

Retired

 

14


EX-1 2 a17-14349_1ex1.htm EX-1

EXHIBIT 1

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned acknowledge and agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a Statement on Schedule 13D (including all amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Huntsman Corporation and that this Agreement be included as an exhibit to such joint filing. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate.  This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of May 30, 2017.

 

 

 

THE HUNTSMAN FOUNDATION

 

 

 

By:

/s/ Jon M. Huntsman

 

Name: Jon M. Huntsman

 

 

Title: Chairman

 

 

 

 

 

HUNTSMAN FAMILY HOLDINGS COMPANY LLC

 

 

 

 

 

By:

/s/ Jon M. Huntsman

 

Name: Jon M. Huntsman

 

 

Title: President

 

 

 

 

 

P&B CAPITAL, L.C.

 

 

 

By:

/s/ Peter R. Huntsman

 

Name: Peter R. Huntsman

 

 

Title: Manager

 

 

 

 

 

/s/ Jon M. Huntsman

 

Jon M. Huntsman

 

 

 

 

 

/s/ Peter R. Huntsman

 

Peter R. Huntsman

 


EX-2 3 a17-14349_1ex2.htm EX-2

EXHIBIT 2

 

May 21, 2017

 

Huntsman Corporation

10003 Woodloch Forest Drive

The Woodlands, TX 77380

 

Ladies and Gentlemen:

 

We, the undersigned, understand that Huntsman Corporation (“Huntsman”), Clariant Ltd (“Clariant”) and one of its subsidiaries may enter into an Agreement and Plan of Merger to be dated on or about the date hereof (the “Merger Agreement”), pursuant to which the businesses of Clariant and Huntsman shall be combined on the basis of a “merger-of-equals” by — in a first step — merging a subsidiary of Clariant in the U.S. into Huntsman and — in a second step — converting the Huntsman shares into shares of Clariant created by an increase of the capital of Clariant (the “Merger”).  Each of the undersigned (each, a “Stockholder”) in its own interest delivers to Huntsman this letter agreement entered into among the Stockholders (this “Agreement”), intending that Huntsman, without being formally a party to this Agreement shall be entitled to rely on such Stockholder’s performance of its obligations in this Agreement.

 

1.             Representations and Warranties.  Each Stockholder hereby represents and warrants to each of the other Stockholders that (a) it is the record or beneficial owner of the number of registered shares of Clariant set forth under its name on its signature page to this Agreement (collectively such Stockholder’s “Subject Shares”, which may not be all of his shares in Huntsman); and (b) it has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder.

 

2.             Agreement to Vote.  Each Stockholder agrees, vis-à-vis each of the other Stockholders, to the extent permitted by applicable law, to vote its Subject Shares (a) in favor of the Merger and all other transactions contemplated by the Merger and all matters presented to stockholders of Huntsman by the Huntsman board of directors in connection with the Merger at every meeting of the stockholders of Huntsman at which such matters are considered; (b) against any action or agreement that could compete or interfere with or adversely affect the Merger; and (c) against any acquisition of material amounts of stock or equity interests in, or merger, consolidation or other sale, transfer or business combination involving, Huntsman or any of its subsidiaries or material assets with a party other than Clariant (any of the foregoing, a “Competing Transaction”). No Stockholder will directly or indirectly enter into any voting arrangement with respect to the foregoing matters with respect to any of its Subject Shares which is not in line with its voting obligations under this Agreement.

 

3.             No Transfer.  Each Stockholder undertakes, vis-à-vis each of the other Stockholders, not to, whether directly or indirectly, sell, transfer, tender, exchange, convert, pledge, deposit, assign, otherwise dispose of (including by gift) or encumber, or enter into any contract with respect to any of the foregoing, any of its Subject Shares to any person (each, a “Transfer”), other than (i) any donation to a charitable organization as required by commitments made prior to the date hereof or otherwise made after the date hereof in the ordinary course consistent with past practice and (ii) any Transfer pursuant to any Rule 10b5-1 plans or equivalent plans in applicable countries adopted prior to the date hereof (with shares Transferred pursuant to clause (i) or (ii) shall cease to be Subject Shares) and (iii) any Transfer to any other Stockholder or to any of its or their relatives or to any of their existing or newly established affiliates; provided that the respective Transferee pursuant to clause (iii) assumes the respective Stockholder’s obligations under this Agreement.

 

4.             No Solicitation.  No Stockholder will directly or indirectly, (a) solicit, initiate or willfully encourage or willfully facilitate any inquiry, proposal or offer, or the making, submission, modification or amendment or announcement of any inquiry, proposal or offer (including any inquiry, proposal or offer to its stockholders) which constitutes or would be reasonably expected to lead to a proposal for a Competing Transaction; or (b) participate in or engage in any negotiations regarding any of the foregoing.

 



 

5.             No Public Statements.  Without the prior consent of Hurricane, no Stockholder will directly or indirectly make any public statement or announcement or publication of any press release or filing (a) related to the Merger Agreement, the Merger or this Agreement (other than filings of ownership or disclosure of shareholdings as required by applicable securities law); (b) related to any Competing Transaction or proposal, inquiry or offer related thereto; or (c) that is inconsistent with the goal of completing the Merger.

 

6.             Term and Termination.  This Agreement and each provision hereof shall become automatically effective upon the execution and delivery of the Merger Agreement by the parties thereto and shall survive in effect until the earlier of (a) the completion of the Merger and (b) the date that is three (3) months following the date on which the Merger Agreement has been terminated and (c) expiry of a period of twelve (12) months following the date hereof. Notwithstanding the foregoing, each Stockholder shall be entitled to terminate this Agreement by written notice to all Stockholders with a notice to Hurricane if the Merger Agreement has not been executed within one month of the date hereof.

 

7.             Capacity as Stockholder.  If applicable, nothing in this Agreement shall prevent a Stockholder from taking any action or omitting to take any action in Stockholder’s capacity as a member of the board of directors of Huntsman or any of its subsidiaries (or any committee thereof) or as an officer or employee of Huntsman or any of its subsidiaries.

 

8.             No Further Obligations. Nothing in this Agreement shall constitute (i) any obligation of a Stockholder to buy or sell shares or to subscribe for shares in Huntsman or to enter into an underwriting commitment in connection with the Merger (ii) to accept any personal obligation, debt or liability whatsoever except as expressly provided for in this Agreement (iii) any restriction in taking or omitting actions with respect to its existing or future shares in Huntsman other than the Subject Shares.

 

9.             Governing Law and Venue; Miscellaneous.  This Agreement will be governed by the laws of the State of Delaware, without regard to laws that may be applicable under conflicts of laws principles of any jurisdiction.  Each of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of the courts in Chancery Court, and any applicable appellate therefrom, in any dispute arising out of or in connection with this Agreement.  This Agreement and any claims or rights hereunder shall not be assigned by any party without the prior written consent of the other parties.  Without prejudice to Section 1 above, this Agreement shall not grant any rights to, and is not intended to operate for, the benefit of third parties unless otherwise explicitly provided for herein, and with the exception of Huntsman, no third party shall be entitled to bring any claims under this Agreement against any of the Stockholders.  If any term or other provision of this Agreement is invalid or incapable of being enforced, this Agreement will be enforced to the maximum extent possible so as to effect the original intent of the parties hereto.

 

{Signature page follows.}

 



 

Please indicate your agreement to the terms set forth above by executing this Agreement where indicated below and returning a signed copy to the attention of the Stockholder.

 

 

Very truly yours,

 

 

 

STOCKHOLDER:

 

 

 

HUNTSMAN FOUNDATION

 

 

 

 

By:

  /s/ Jon M. Huntsman

 

 

Name: Jon M. Huntsman

 

 

Title: Chairman

 

 

Address: 500 Huntsman Way, Salt Lake

 

 

City, Utah 84108

 

 

 

Stockholder’s Subject Shares:

 

17,492,067 registered shares of

 

Huntsman

 

 

 

STOCKHOLDER:

 

 

 

HUNTSMAN FAMILY HOLDINGS COMPANY LLC

 

 

 

 

By:

  /s/ Jon M. Huntsman

 

 

Name: Jon M. Huntsman

 

 

Title: President, Chairman and CEO

 

 

Address: 500 Huntsman Way, Salt Lake

 

 

City, Utah 84108

 

 

 

Stockholder’s Subject Shares:

 

10,338,856 registered shares of

 

Huntsman

 

 

 

STOCKHOLDER:

 

 

 

P&B CAPITAL, L.C.

 

 

 

 

By:

  /s/ Peter R. Huntsman

 

 

Name: Peter R. Huntsman

 

 

Title: Manager

 

 

Address: 3 Hepplewhite Way, The Woodlands,

 

 

Texas 77382

 

 

 

Stockholder’s Subject Shares:

 

933,328 registered shares of

 

Huntsman

 



 

 

STOCKHOLDER:

 

 

 

JON M. HUNTSMAN

 

 

 

 

By:

  /s/ Jon M. Huntsman

 

 

Address: 500 Huntsman Way, Salt Lake

 

 

City, Utah 84108

 

 

 

Stockholder’s Subject Shares:

 

*498,816 registered shares of

 

Huntsman

 

*(383,610 vested, 115,206 unvested)

 

 

 

STOCKHOLDER:

 

 

 

PETER R. HUNTSMAN

 

 

 

 

By:

  /s/ Peter R. Huntsman

 

 

Address: 3 Hepplewhite Way, The Woodlands,

 

 

Texas 77382

 

 

 

Stockholder’s Subject Shares:

 

4,032,720 registered shares of

 

Huntsman

 


EX-24.1 4 a17-14349_1ex24d1.htm EX-24.1

Exhibit 24.1

 

POWER OF ATTORNEY

 

For Executing Schedule 13D

 

Know all by these presents, that the undersigned hereby constitutes and appoints Ronald G. Moffitt, his true and lawful attorney-in-fact to:

 

(1)                                 execute for and on behalf of the undersigned Schedule 13D (including any amendments thereto) which may be required to be filed in accordance with Section 13 of the Securities Exchange Act of 1934 and the rules thereunder as a result of the undersigned’s ownership of or transactions in securities of Huntsman Corporation;

 

(2)                                 do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Schedule 13D and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 

(3)                                 take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.

 

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or his substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned’s responsibilities to comply with Section 13 of the Securities Exchange Act of 1934.

 

Photographic copies of this Power of Attorney shall have the same force and effect as the original.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this May 30, 2017.

 

 

 

THE HUNTSMAN FOUNDATION

 

 

 

By:

/s/ Jon M. Huntsman

 

Name: Jon M. Huntsman

 

 

Title: Chairman

 


EX-24.2 5 a17-14349_1ex24d2.htm EX-24.2

Exhibit 24.2

 

POWER OF ATTORNEY

 

For Executing Schedule 13D

 

Know all by these presents, that the undersigned hereby constitutes and appoints Ronald G. Moffitt, his true and lawful attorney-in-fact to:

 

(1)           execute for and on behalf of the undersigned Schedule 13D (including any amendments thereto) which may be required to be filed in accordance with Section 13 of the Securities Exchange Act of 1934 and the rules thereunder as a result of the undersigned’s ownership of or transactions in securities of Huntsman Corporation;

 

(2)           do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Schedule 13D and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 

(3)           take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.

 

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or his substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned’s responsibilities to comply with Section 13 of the Securities Exchange Act of 1934.

 

Photographic copies of this Power of Attorney shall have the same force and effect as the original.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this May 30, 2017.

 

 

 

P&B CAPITAL, L.C.

 

 

 

By:

/s/ Peter R. Huntsman

 

Name: Peter R. Huntsman

 

 

Title: Manager