Date of report (Date of earliest event reported): April 18, 2024
PPG INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Charter)
Pennsylvania
001-1687
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, and Zip Code)
(412) 434-3131
(Registrant’s Telephone Number, Including Area Code)
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:
☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $1.66 2/3
PPG
New York Stock Exchange
0.875% Notes due 2025
PPG 25
New York Stock Exchange
1.875% Notes due 2025
PPG 25A
New York Stock Exchange
1.400% Notes due 2027
PPG 27
New York Stock Exchange
2.750% Notes due 2029
PPG 29A
New York Stock Exchange
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. ☐
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 18, 2024, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Kathy L. Fortmann as a director of the Company, effective July 17, 2024. Ms. Fortmann will serve in the class of directors whose term expires at the 2025 Annual Meeting of Shareholders. The Board of Directors appointed Ms. Fortmann to the Audit Committee and the Sustainability and Innovation Committee of the Board of Directors.
As an independent director of the Company, Ms. Fortmann will be entitled to receive compensation consistent with that of the Company’s other independent directors who are not employees of the Company, as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 7, 2024 under the caption “Compensation of Directors,” which portion of such proxy statement is incorporated herein by reference.
Ms. Fortmann was not selected as a director of the Company pursuant to any arrangement or understanding between Ms. Fortmann and any other person or entity.
A press release reporting the election of Ms. Fortmann as a director of the Company is attached hereto as Exhibit 99 and is incorporated herein by reference.
Cover Page Interactive Data File (embedded within the Inline XBRL document).
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.