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
Date of report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
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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 January 29, 2020, the Compensation Committee of Ashland Global Holdings Inc. (“Ashland”) approved an amendment to the Salary Continuation Plan portion of Ashland’s Severance Pay Plan (the “Plan”), which provides that in an event of a “change in control” (as defined in the Plan), all executive leadership team members without a change in control agreement, including Mr. Musa, would be entitled to a cash severance payment with a severance multiple of two times the sum of base salary and highest target bonus. All other provisions of the Plan remain the same.
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SIGNATURES
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.
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ASHLAND GLOBAL HOLDINGS INC. |
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(Registrant) |
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February 4, 2020 |
/s/ Peter J. Ganz |
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Peter J. Ganz |
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Senior Vice President, General Counsel and Secretary |
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Document And Entity Information |
Jan. 29, 2020 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jan. 29, 2020 |
| Entity Registrant Name | ASHLAND GLOBAL HOLDINGS INC. |
| Entity Central Index Key | 0001674862 |
| Entity Emerging Growth Company | false |
| Entity File Number | 333-211719 |
| Entity Incorporation State Country Code | DE |
| Entity Tax Identification Number | 81-2587835 |
| Entity Address Address Line1 | 8145 Blazer Drive |
| Entity Address City Or Town | Wilmington |
| Entity Address State Or Province | DE |
| Entity Address Postal Zip Code | 19808 |
| City Area Code | 302 |
| Local Phone Number | 995-3000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of each class | Common Stock (par value $.01) |
| Trading Symbol | ASH |
| Name of each exchange on which registered | NYSE |