-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VSAoDRj4CkTer4ttZhSUU5Yx3uno14KgzoYdFqG9ffP62AU+cKC9Plqb4T8y7tZG M4iMndtpWdfEM90r571JmA== 0000950128-05-000103.txt : 20050331 0000950128-05-000103.hdr.sgml : 20050331 20050331164140 ACCESSION NUMBER: 0000950128-05-000103 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050331 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050331 DATE AS OF CHANGE: 20050331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPG INDUSTRIES INC CENTRAL INDEX KEY: 0000079879 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] IRS NUMBER: 250730780 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01687 FILM NUMBER: 05721034 BUSINESS ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 BUSINESS PHONE: 4124343131 MAIL ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 FORMER COMPANY: FORMER CONFORMED NAME: PITTSBURGH PLATE GLASS CO DATE OF NAME CHANGE: 19681219 8-K 1 j1309601e8vk.htm PPG INDUSTRIES, INC. 8-K
 

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):
  March 31, 2005

PPG Industries, Inc.


(Exact name of registrant as specified in its charter)
         
Pennsylvania   001-01687   25-0730780
         
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)
     
One PPG Place, Pittsburgh, Pennsylvania   15272
     
(Address of principal executive offices)   (Zip Code)
     
Registrant’s telephone number, including area code:
  412-434-3131

Not Applicable


Former name or former address, if changed since last report

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:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


 

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On March 31, 2005, PPG Industries, Inc. (“PPG”) announced that Raymond W. LeBoeuf, Chairman of the Board of Directors and Chief Executive Officer, will retire on July 1, 2005. Assuming Mr. LeBoeuf is re-elected as a PPG director at PPG’s Annual Meeting of Shareholders scheduled for April 21, 2005, Mr. LeBoeuf will remain a director and Chairman of the Board of Directors until his retirement on July 1, 2005.

On March 31, 2005, PPG’s Board of Directors elected Charles E. Bunch, formerly President and Chief Operating Officer, as President and Chief Executive Officer effective immediately. Mr. Bunch was also elected as Chairman of the Board of Directors effective upon Mr. LeBoeuf’s retirement.

The press release attached hereto as Exhibit 99.1 is incorporated by reference herein in its entirety. The information required by Item 5.02(c) and not otherwise set forth above is contained in “Item 10. Directors and Executive Officers of the Registrant” of PPG’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “Commission”) on February 17, 2005, and under the captions “Election of Directors” and “Compensation of Executive Officers — Change in Control Arrangements” in PPG’s definitive Proxy Statement for its 2005 Annual Meeting of Shareholders filed with the Commission on March 4, 2005, and such information is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

     
99.1
  Press release of PPG Industries, Inc. dated March 31, 2005.

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.
         
  PPG Industries, Inc.
 
 
March 31, 2005  By:   William H. Hernandez    
    Name:   William H. Hernandez   
    Title:   Senior Vice President, Finance   
 

 


 

Exhibit Index

     
Exhibit No.   Description
99.1
  Press Release of PPG Industries, Inc. dated March 31, 2005

 

EX-99.1 2 j1309601exv99w1.htm EXHIBIT 99.1 Ex-99.1
 

Exhibit 99.1

     
(PPG LOGO)
  PPG Industries
 
   
  PPG Industries, Inc.
One PPG Place
Pittsburgh, Pa. 15272 USA
www.ppg.com
     
News
  Contact:
Jeff Worden
412-434-3046
 
   
  Investors:
Douglas B. Atkinson
412-434-2120
or
Vince Morales
412-434-3740

PPG’s LeBoeuf announces retirement plans;
Bunch elected CEO

PITTSBURGH, March 31, 2005 — Raymond W. LeBoeuf, 58, chairman and chief executive officer of PPG Industries, today announced he will retire July 1 after nearly 25 years with the company and eight years as its chairman and CEO.

As part of PPG’s succession plan, the board of directors today elected Charles E. Bunch, 55, as president and chief executive officer, effective immediately. Bunch will become chairman of the board and CEO July 1 upon LeBoeuf’s retirement.

“Today’s announcements are consistent with PPG’s long-term management succession plan, which the board of directors had previously approved,” LeBoeuf said. “This orderly transition reflects our company’s management strength and depth.”

During LeBoeuf’s tenure, PPG’s management team has reshaped the company’s business portfolio through acquisitions and organic growth, generating record sales in 2004 and a four-year record in cash from operations.

LeBoeuf joined PPG as treasurer in 1980 after holding various financial management posts at Ford Motor Co. He became PPG’s controller in 1984, vice president of purchasing in 1986, vice president of finance and chief financial officer in 1988, and vice president of coatings in 1994. Elected executive vice president in 1994, he continued to lead the coatings business until early 1995. He was elected president and chief operating officer and a member of PPG’s board in December 1995. LeBoeuf became CEO in July 1997, and chairman and CEO the following November.

A Chicago native, LeBoeuf is a political science and history graduate of Northwestern University; he earned a master’s degree in business administration from the University of Illinois. He is a director of Praxair, Inc., and ITT Industries, and a member and former chairman of the

 


 

Robert Morris University board of trustees. He is also a board member of the Business Roundtable, Extra Mile Education Foundation and the Pittsburgh Cultural Trust.

Bunch was elected president, chief operating officer and a PPG board member in July of 2002. After joining the company in 1979 as an assistant to the corporate controller, he served in a variety of assignments in the United States and Europe before being named corporate director of purchasing and distribution in 1988. He became general manager of architectural coatings in 1992, vice president of that unit in 1994, and vice president of fiber glass in 1995. He was elected senior vice president of strategic planning and corporate services in 1997 and executive vice president, coatings, in early 2000.

A native of Philadelphia, Bunch received a degree in international affairs from Georgetown University and a master’s degree in business administration from the Harvard University Graduate School of Business Administration. He is a director and deputy chairman of the Federal Reserve Bank of Cleveland, a member of the University of Pittsburgh’s board of trustees, and a member of the board of directors of the H. J. Heinz Company, the National Association of Manufacturers, and the National Paint and Coatings Association.

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