UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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. | ||
(b) Departure of Certain Officers
On July 18, 2023, Trinseo PLC (the “Company”) announced that Andre Lanning, the Company’s Senior Vice President and Chief Operating Officer would be terminated in connection with a reorganization of the Company’s executive leadership team. Mr. Lanning will serve as Special Advisor starting on August 1, 2023 and will exit the Company on or before January 31, 2024. A copy of the Company’s press release announcing the management reorganization is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
(e) Compensatory Arrangements of Certain Officers
On July 18, 2023, in connection with his termination, Mr. Lanning entered into a separation agreement with the Company’s subsidiary, Trinseo Europe GmbH, confirming that he will receive a severance amount equal to 1.5 multiplied by the sum of his base salary and target cash bonus, minus the amount of base salary received while serving as Special Advisor, paid in equal monthly installments for a period of eighteen (18) months after his final date of employment. Mr. Lanning will also receive continued health and welfare benefits as provided in his employment contract or required by local law. The foregoing summary of the agreement with Mr. Lanning is supplemented and qualified in all respects by reference to the full terms of the agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
ITEM 9.01 | Exhibits. |
10.1 | |
99.1 | |
104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |
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.
TRINSEO PLC | ||
By: | /s/ Angelo Chaclas | |
Name: | Angelo Chaclas | |
Title: | Senior Vice President and Chief Legal Officer | |
Date: July 20, 2023 | ||